| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $385,000 |
| Down payment (20.0%) | $77,000 |
| Loan amount | $308,000 |
| Closing costs (5.0%) | $19,250 |
| Total cash to close | $96,250 |
| Income | |
| Rent (comp-derived) | $3,575$42,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,289$39,468 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $610$7,315 |
| Insurance (est. scaled by flood & wind risk) | $385$4,620 |
| HOA dues | $400$4,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $179$2,145 |
| Total operating expenses | $1,573$18,880 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $179$2,145 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 1,681 | $2,700 | 2026-03-24 | — | |
| townhomes | 4 | 3 | 1,658 | $3,400 | 2026-08-01 | — | |
| townhomes | 4 | 3 | 1,590 | $3,200 | 2026-06-25 | — | |
| townhomes | 4 | 3 | 1,798 | $3,500 | — | — | |
| townhomes | 4 | 3 | 1,914 | $3,650 | 2026-07-07 | — | |
| townhomes | 4 | 3 | 1,869 | $3,800 | 2026-07-06 | — | |
| townhomes | 4 | 3 | 1,914 | $3,900 | 2026-08-12 | — | |
| townhomes | 4 | 2 | 1,725 | $3,750 | 2026-08-31 | — |
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 2485 W 76th St Apt 201 | townhomes | 2 | 2 | 1,110 | $350,000 | 2026-07-31 |
| 2433 W 52nd Pl Unit 8-1 | townhomes | 2 | 2 | 900 | $250,000 | 2026-07-01 |
| 5256 W 24th Ave Unit 5-3 | townhomes | 3 | 2 | 1,150 | $272,500 | 2026-06-16 |
| 2425 W 76th St Apt 109 | townhomes | 3 | 2 | 1,270 | $375,000 | 2026-06-16 |
| 14231 NW 83rd Ave | townhomes | 3 | 2 | 1,131 | $513,500 | 2026-06-12 |
| 15074 Rednock Ln | townhomes | 3 | 2 | 1,569 | $500,000 | 2026-06-11 |
| 8338 NW 145th St | townhomes | 3 | 3 | 2,015 | $535,000 | 2026-06-05 |
| 8511 Ardoch Rd | townhomes | 3 | 2 | 1,483 | $520,000 | 2026-05-12 |
| 2367 W 74th St Unit 103-2 | townhomes | 2 | 2 | 1,090 | $278,888 | 2026-05-05 |
| 6080 W 26th Ct Unit 101-9 | townhomes | 3 | 3 | 1,828 | $382,500 | 2026-04-27 |
| 6410 W 27th Ln Unit 101-19 | townhomes | 3 | 3 | 1,478 | $350,000 | 2026-04-24 |
| 8531 NW 139th Ter Apt 1409 | townhomes | 3 | 3 | 1,450 | $480,000 | 2026-04-23 |
| 14822 Breckness Pl | townhomes | 2 | 2 | 1,271 | $415,000 | 2026-04-20 |
| 8330 NW 143rd Ter | townhomes | 4 | 3 | 2,231 | $615,000 | 2026-04-14 |
| 14621 Balgowan Rd Unit 102-3 | townhomes | 3 | 2 | 1,525 | $475,000 | 2026-04-13 |
| 8544 NW 140th Ter Apt 1003 | townhomes | 3 | 3 | 1,351 | $485,000 | 2026-04-02 |
| 8423 NW 138th Ter Apt 2804 | townhomes | 3 | 3 | 1,459 | $440,000 | 2026-04-01 |
| 7211 W 24th Ave Apt 2304 | townhomes | 3 | 2 | 1,440 | $362,500 | 2026-03-30 |
| 2289 W 52nd St Unit 2-3 | townhomes | 2 | 2 | 952 | $310,000 | 2026-03-27 |
| 14251 NW 83rd Ave | townhomes | 3 | 3 | 2,015 | $550,000 | 2026-03-19 |
| 8436 Dundee Ter | townhomes | 4 | 3 | 2,058 | $599,000 | 2026-03-16 |
| 2224 W 53rd Pl Unit 2224 | townhomes | 2 | 2 | 896 | $280,000 | 2026-03-16 |
| 2412 W 52nd Ter Unit 7-7 | townhomes | 2 | 2 | 900 | $220,000 | 2026-02-27 |
| 5816 W 21st Ct | townhomes | 3 | 2 | 1,121 | $250,000 | 2026-02-20 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 15600 NW 82nd Ct | single_family | 4 | 3 | 2,947 | $1,395,000 | — |
| 2217 W 69th St Unit 2217A | condos | 4 | 3 | 1,580 | $389,800 | — |
| 14629 Glencairn Rd | single_family | 4 | 3 | 2,309 | $1,100,000 | — |
| 15721 NW 79th Ct | single_family | 4 | 4 | 3,093 | $1,699,000 | — |
| 15901 NW 83rd Pl | single_family | 4 | 3 | 2,889 | $1,250,000 | — |
| 2561 W 60th Pl Unit 102-1 | townhomes | 4 | 3 | 1,798 | $429,999 | — |
| 16581 NW 84th Ave | single_family | 4 | 3 | 2,659 | $1,499,999 | — |
| 16820 NW 80th Ct | single_family | 4 | 3 | 2,186 | $995,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $396,550 | $20,588 | -$5,308 | $304,661 | $91,889 |
| 2 | $408,447 | $21,300 | -$4,650 | $301,092 | $107,355 |
| 3 | $420,700 | $22,036 | -$3,969 | $297,278 | $123,422 |
| 4 | $433,321 | $22,796 | -$3,265 | $293,202 | $140,118 |
| 5 | $446,321 | $23,582 | -$2,538 | $288,847 | $157,474 |
| 6 | $459,710 | $24,393 | -$1,785 | $284,192 | $175,518 |
| 7 | $473,501 | $25,232 | -$1,007 | $279,218 | $194,283 |
| 8 | $487,706 | $26,098 | -$203 | $273,902 | $213,804 |
| 9 | $502,338 | $26,993 | $628 | $268,221 | $234,116 |
| 10 | $517,408 | $27,918 | $1,488 | $262,150 | $255,258 |