2020 N Bayshore Dr Apt 1906
Miami, FL 33137 · condos · For Sale · 292 days on market
Asking price$1,690,000
2 beds 3 baths 1,666 sqft
Suggested offer$1,078,600$611,400 above the est. market value of $1,078,600.
View on Realtor.com →Listed by Giovanna M. Fernandez · BHHS EWM Realty
Typecondos
Built2010
Price / sqft$1014
Est. value (own analysis)$1,078,600
Rent estimate (own analysis)$4,904/mo
HOA$2,734/mo
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Show every detail
Statusfor_sale
Listed date2025-11-14
Removed date—
MLSMiamiMLS #A11914575
Coordinates25.79663, -80.18792
Address2020 N Bayshore Dr Apt 1906
CityMiami
StateFL
Zip33137
Listing ID6831768674
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33137)
Typical home value (ZHVI)$682,165
Typical rent (ZORI)$3,560/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,690,000 |
| Down payment (20.0%) | $338,000 |
| Loan amount | $1,352,000 |
| Closing costs (5.0%) | $84,500 |
| Total cash to close | $422,500 |
| Income | |
| Rent (comp-derived) | $4,904$58,842 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,511$54,135 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,676$32,110 |
| Insurance (placeholder 0.8% of price) | $1,127$13,520 |
| HOA dues | $2,734$32,808 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $245$2,942 |
| Total operating expenses | $6,782$81,380 |
| 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) | $245$2,942 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 2 | 3 | 1,158 | $4,500 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,262 | $4,900 | 2026-08-21 | — | |
| condos | 2 | 3 | 1,137 | $5,700 | 2026-08-20 | — | |
| apartment | 2 | 2 | 1,404 | $4,711 | 2025-01-18 | — | |
| condos | 2 | 2 | 1,084 | $4,500 | 2026-08-19 | — | |
| condos | 2 | 3 | 1,198 | $5,900 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,168 | $5,700 | 2026-08-19 | — | |
| condos | 2 | 3 | 1,666 | $8,950 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,107 | $5,300 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,128 | $6,200 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,175 | $6,400 | 2026-08-17 | — | |
| condos | 2 | 3 | 1,158 | $4,500 | 2026-08-14 | — | |
| condos | 2 | 3 | 1,280 | $2,000 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,673 | $9,500 | 2026-08-11 | — | |
| condos | 2 | 3 | 1,542 | $10,000 | 2026-08-11 | — | |
| condos | 2 | 2 | 1,135 | $7,500 | 2026-08-10 | — | |
| condos | 2 | 3 | 1,088 | $4,650 | 2026-08-09 | — | |
| condos | 2 | 3 | 1,143 | $8,995 | 2026-08-08 | — | |
| condos | 2 | 3 | 1,666 | $9,000 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,198 | $5,900 | 2026-08-07 | — | |
| condos | 2 | 2 | 1,265 | $4,200 | 2026-08-07 | — | |
| condos | 2 | 1 | 1,387 | $2,500 | 2026-08-07 | — | |
| condos | 2 | 3 | 1,575 | $6,100 | 2026-08-06 | — | |
| condos | 2 | 3 | 1,143 | $6,800 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,263 | $4,500 | 2026-08-05 | — | |
| condos | 2 | 3 | 1,158 | $4,570 | 2026-07-26 | — | |
| condos | 2 | 3 | 1,283 | $9,000 | 2026-07-25 | — | |
| apartment | 2 | 3 | 1,158 | $4,200 | 2026-07-25 | — | |
| condos | 2 | 3 | 1,151 | $6,750 | 2026-07-24 | — | |
| condos | 2 | 3 | 1,088 | $4,500 | 2026-07-23 | — | |
| condos | 2 | 3 | 1,285 | $5,000 | 2026-07-22 | — | |
| condos | 2 | 3 | 1,174 | $4,650 | 2026-07-16 | — | |
| condos | 2 | 2 | 1,107 | $4,900 | 2026-07-15 | — | |
| condos | 2 | 3 | 1,158 | $4,100 | 2026-07-14 | — | |
| condos | 2 | 3 | 1,187 | $6,800 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,141 | $4,850 | 2026-07-13 | — | |
| condos | 2 | 2 | 1,128 | $6,500 | 2026-07-10 | — | |
| condos | 2 | 3 | 1,174 | $4,400 | 2026-07-09 | — | |
| condos | 2 | 2 | 1,142 | $4,650 | 2026-07-09 | — | |
| condos | 2 | 3 | 1,198 | $6,000 | 2026-07-08 | — | |
| condos | 2 | 3 | 1,151 | $6,900 | 2026-07-07 | — | |
| apartment | 2 | 1 | 1,738 | $1,150 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,095 | $4,700 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,208 | $4,300 | 2026-07-06 | — | |
| condos | 2 | 3 | 1,151 | $6,750 | 2026-07-03 | — | |
| condos | 2 | 3 | 1,870 | $10,000 | 2026-07-01 | — | |
| condos | 2 | 3 | 1,175 | $5,850 | 2026-07-01 | — | |
| condos | 2 | 2 | 1,303 | $3,750 | 2026-06-30 | — | |
| condos | 2 | 3 | 1,158 | $5,800 | 2026-06-29 | — | |
| condos | 2 | 3 | 1,175 | $5,500 | 2026-06-25 | — | |
| condos | 2 | 3 | 1,174 | $4,200 | 2026-06-25 | — | |
| condos | 2 | 2 | 1,128 | $6,250 | 2026-06-25 | — | |
| condos | 2 | 3 | 1,193 | $6,500 | 2026-06-24 | — | |
| condos | 2 | 3 | 1,640 | $4,500 | 2026-06-23 | — | |
| condos | 2 | 2 | 1,095 | $6,500 | 2026-06-17 | — | |
| condos | 2 | 3 | 1,186 | $6,400 | 2026-06-11 | — | |
| apartment | 2 | 2 | 1,786 | $3,500 | 2026-06-11 | — | |
| condos | 2 | 3 | 1,783 | $10,500 | 2026-06-10 | — | |
| apartment | 2 | 1 | 1,190 | $1,950 | 2026-06-08 | — | |
| condos | 2 | 2 | 1,129 | $4,200 | 2026-06-08 | — | |
| condos | 2 | 2 | 1,105 | $8,900 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,095 | $4,900 | 2026-05-29 | — | |
| condos | 2 | 2 | 1,100 | $3,519 | 2026-05-29 | — | |
| apartment | 2 | 1 | 2,008 | $1,950 | 2026-05-23 | — | |
| condos | 2 | 2 | 1,147 | $6,250 | 2026-05-22 | — | |
| condos | 2 | 3 | 1,576 | $12,000 | 2026-05-21 | — | |
| condos | 2 | 2 | 1,134 | $9,500 | 2026-05-21 | — | |
| condos | 2 | 2 | 1,156 | $3,990 | 2026-05-17 | — | |
| apartment | 2 | 3 | 1,237 | $5,400 | 2026-05-16 | — | |
| condos | 2 | 2 | 1,190 | $4,000 | 2026-05-13 | — | |
| condos | 2 | 2 | 1,594 | $5,500 | 2026-05-05 | — | |
| condos | 2 | 2 | 1,100 | $3,190 | 2026-05-05 | — | |
| condos | 2 | 3 | 1,306 | $9,900 | 2026-05-01 | — | |
| condos | 2 | 2 | 1,150 | $9,850 | 2026-04-30 | — | |
| condos | 2 | 3 | 1,421 | $7,650 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,218 | $2,975 | 2026-08-04 | — | |
| condos | 2 | 2 | 1,105 | $10,700 | 2026-08-04 | — | |
| apartment | 2 | 2 | 1,500 | $2,400 | 2026-08-03 | — | |
| condos | 2 | 3 | 1,187 | $6,100 | 2026-07-31 | — | |
| condos | 2 | 2 | 1,152 | $5,500 | 2026-07-29 | — | |
| condos | 2 | 2 | 1,311 | $6,250 | 2026-07-29 | — | |
| condos | 2 | 2 | 1,095 | $5,950 | 2026-07-29 | — | |
| apartment | 2 | 2 | 2,159 | $3,800 | 2026-07-27 | — | |
| condos | 2 | 3 | 1,174 | $4,500 | 2026-01-31 | — | |
| condos | 2 | 2 | 1,095 | $4,900 | 2026-03-18 | — | |
| condos | 2 | 2 | 1,085 | $7,450 | 2026-02-13 | — | |
| condos | 2 | 3 | 1,542 | $8,500 | 2026-01-20 | — | |
| condos | 2 | 2 | 1,095 | $4,990 | 2024-08-08 | — | |
| condos | 2 | 3 | 1,523 | $8,800 | 2026-01-20 | — | |
| condos | 2 | 3 | 1,158 | $4,400 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,230 | $2,750 | 2026-04-06 | — | |
| condos | 2 | 3 | 1,640 | $4,800 | 2026-04-24 | — | |
| condos | 2 | 2 | 1,143 | $4,200 | 2026-04-08 | — | |
| condos | 2 | 1 | 1,545 | $3,300 | 2026-03-11 | — | |
| condos | 2 | 2 | 1,095 | $5,900 | 2026-03-16 | — | |
| condos | 2 | 3 | 1,174 | $5,900 | 2025-09-10 | — | |
| condos | 2 | 3 | 1,542 | $14,995 | 2026-01-16 | — | |
| condos | 2 | 3 | 1,283 | $9,500 | 2026-03-31 | — | |
| condos | 2 | 2 | 1,606 | $8,000 | 2024-07-10 | — | |
| condos | 2 | 2 | 1,190 | $5,500 | 2025-06-22 | — | |
| condos | 2 | 2 | 1,111 | $6,500 | 2026-02-25 | — | |
| condos | 2 | 2 | 1,096 | $6,250 | 2025-02-27 | — | |
| condos | 2 | 2 | 1,096 | $8,300 | 2026-03-10 | — | |
| apartment | 2 | 2 | 1,168 | $4,394 | — | — | |
| condos | 2 | 2 | 1,100 | $3,450 | — | — | |
| condos | 2 | 2 | 1,400 | $3,990 | — | — | |
| condos | 2 | 2 | 1,084 | $4,500 | — | — | |
| apartment | 2 | 2 | 1,168 | $4,179 | — | — | |
| apartment | 2 | 2 | 1,104 | $3,797 | — | — | |
| condos | 2 | 3 | 1,175 | $5,400 | — | — | |
| apartment | 2 | 2 | 1,107 | $4,800 | — | — | |
| apartment | 2 | 2 | 1,168 | $4,233 | — | — | |
| apartment | 2 | 2 | 1,128 | $3,531 | — | — | |
| condos | 2 | 2 | 1,100 | $3,199 | 2026-04-17 | — | |
| apartment | 2 | 2 | 1,143 | $5,900 | — | — | |
| condos | 2 | 3 | 1,151 | $7,100 | — | — | |
| condos | 2 | 2 | 1,107 | $4,900 | — | — | |
| apartment | 2 | 2 | 1,177 | $4,606 | — | — | |
| apartment | 2 | 2 | 1,262 | $4,725 | — | — | |
| apartment | 2 | 2 | 1,173 | $5,627 | — | — | |
| condos | 2 | 2 | 1,400 | $6,000 | 2026-08-26 | — | |
| apartment | 2 | 2 | 2,000 | $3,750 | 2026-08-28 | — | |
| condos | 2 | 3 | 1,088 | $4,695 | 2026-08-28 | — | |
| condos | 2 | 3 | 1,143 | $9,000 | 2026-08-25 | — | |
| condos | 2 | 3 | 1,473 | $5,500 | 2026-04-24 | — | |
| condos | 2 | 3 | 1,523 | $8,800 | — | — | |
| apartment | 2 | 2 | 1,153 | $4,546 | — | — | |
| condos | 2 | 3 | 1,143 | $9,000 | — | — | |
| apartment | 2 | 2 | 1,330 | $5,200 | — | — | |
| apartment | 2 | 2 | 1,106 | $4,317 | — | — | |
| apartment | 2 | 3 | 1,473 | $5,000 | — | — | |
| condos | 2 | 3 | 1,158 | $5,800 | — | — | |
| apartment | 2 | 2 | 1,088 | $4,123 | — | — | |
| apartment | 2 | 2 | 1,098 | $4,269 | — | — | |
| apartment | 2 | 2 | 1,170 | $4,550 | — | — | |
| apartment | 2 | 2 | 1,139 | $4,595 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,713 | — | — | |
| apartment | 2 | 2 | 1,222 | $4,842 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,772 | — | — | |
| apartment | 2 | 2 | 1,152 | $5,175 | — | — | |
| apartment | 2 | 2 | 1,185 | $3,672 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,433 | — | — | |
| apartment | 2 | 2 | 1,514 | $5,751 | — | — | |
| apartment | 2 | 2 | 1,123 | $4,531 | — | — | |
| apartment | 2 | 2 | 1,093 | $4,488 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,083 | — | — | |
| apartment | 2 | 2 | 1,089 | $4,153 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,014 | — | — | |
| apartment | 2 | 2 | 1,123 | $4,331 | — | — | |
| apartment | 2 | 2 | 1,209 | $4,278 | — | — | |
| apartment | 2 | 2 | 1,230 | $4,757 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,822 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,822 | — | — | |
| apartment | 2 | 2 | 1,211 | $4,772 | — | — | |
| apartment | 2 | 2 | 1,230 | $4,822 | — | — | |
| apartment | 2 | 2 | 1,223 | $4,772 | — | — | |
| apartment | 2 | 2 | 1,109 | $4,957 | — | — | |
| apartment | 2 | 2 | 1,211 | $4,907 | — | — | |
| apartment | 2 | 2 | 1,228 | $4,912 | — | — | |
| apartment | 2 | 2 | 1,204 | $5,057 | — | — | |
| apartment | 2 | 2 | 1,302 | $5,279 | — | — | |
| apartment | 2 | 2 | 1,123 | $5,126 | — | — | |
| apartment | 2 | 2 | 1,103 | $5,709 | — | — | |
| apartment | 2 | 2 | 1,152 | $5,689 | — | — | |
| apartment | 2 | 2 | 1,172 | $5,597 | — | — | |
| condos | 2 | 3 | 1,150 | $8,000 | 2026-01-28 | — |
Same ZIP & bedroom count. 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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 2206 | condos | 2 | 3 | 1,738 | $1,535,000 | 2026-08-31 |
| 2020 N Bayshore Dr Unit 103 | condos | 2 | 2 | 1,637 | $823,000 | 2026-08-31 |
| 700 NE 24th St Unit 1806 | condos | 2 | 3 | 1,545 | $1,540,000 | 2026-08-31 |
| 665 NE 25th St Apt 802 | condos | 2 | 3 | 1,331 | $770,000 | 2026-08-24 |
| 481 NE 29th St Unit 604 | condos | 2 | 2 | 837 | $450,000 | 2026-08-18 |
| 350 NE 24th St Apt 1109 | condos | 2 | 2 | 1,020 | $465,000 | 2026-08-14 |
| 501 NE 31st St Unit 1709 | condos | 2 | 2 | 944 | $540,000 | 2026-08-14 |
| 700 NE 25th St Apt 2002 | condos | 2 | 2 | 1,234 | $707,500 | 2026-08-12 |
| 3470 E Coast Ave Apt H1714 | condos | 2 | 3 | 1,088 | $650,000 | 2026-08-10 |
| 2200 NE 4th Ave Apt 1002 | condos | 2 | 2 | 950 | $397,000 | 2026-08-07 |
| 700 NE 25th St Apt 1003 | condos | 2 | 2 | 1,382 | $700,000 | 2026-08-06 |
| 460 NE 28th St Apt 2405 | condos | 2 | 2 | 1,143 | $740,000 | 2026-07-31 |
| 2900 NE 7th Ave Unit 906 | condos | 2 | 2 | 912 | $740,000 | 2026-07-30 |
| 2020 N Bayshore Dr Apt 1204 | condos | 2 | 2 | 1,135 | $880,000 | 2026-07-27 |
| 3131 NE 7th Ave Unit 3605 | condos | 2 | 2 | 1,088 | $1,133,000 | 2026-07-23 |
| 480 NE 31st St Unit 3404 | condos | 2 | 3 | 1,186 | $930,000 | 2026-07-13 |
| 3451 NE 1st Ave Apt M0706 | condos | 2 | 2 | 1,072 | $615,000 | 2026-07-13 |
| 700 NE 24th St Unit 3606 | condos | 2 | 3 | — | $1,525,000 | 2026-07-10 |
| 601 NE 27th St Apt 1202 | condos | 2 | 2 | 1,226 | $625,000 | 2026-07-08 |
| 2275 Biscayne Blvd Apt 504 | condos | 2 | 2 | 1,265 | $400,000 | 2026-07-08 |
| 700 NE 24th St Unit 2402 | condos | 2 | 3 | 1,542 | $1,490,000 | 2026-07-06 |
| 700 NE 26th Ter Unit 2205 | condos | 2 | 2 | 955 | $995,000 | 2026-07-06 |
| 3470 E Coast Ave Apt H0704 | condos | 2 | 2 | 1,242 | $730,000 | 2026-07-02 |
| 121 NE 34th St Unit 1416 | condos | 2 | 2 | 864 | $585,000 | 2026-07-01 |
| 2000 N Bayshore Dr Apt 307 | condos | 2 | 2 | 988 | $395,000 | 2026-06-29 |
| 2900 NE 7th Ave Unit 3701 | condos | 2 | 3 | 1,060 | $800,000 | 2026-06-26 |
| 700 NE 24th St Unit 706 | condos | 2 | 3 | 1,545 | $1,470,000 | 2026-06-25 |
| 321 NE 26th St Unit 701 | condos | 2 | 2 | 821 | $455,000 | 2026-06-24 |
| 121 NE 34th St Unit 2816 | condos | 2 | 2 | 864 | $600,000 | 2026-06-22 |
| 350 NE 24th St Apt 1007 | condos | 2 | 2 | 948 | $450,000 | 2026-06-16 |
| 3301 NE 1st Ave Apt H1402 | condos | 2 | 2 | 1,263 | $695,000 | 2026-06-10 |
| 2900 NE 7th Ave Unit 3904 | condos | 2 | 3 | 1,162 | $1,232,000 | 2026-06-02 |
| 700 NE 24th St Unit 2306 | condos | 2 | 3 | 1,545 | $1,450,000 | 2026-06-01 |
| 700 NE 24th St Unit 1802 | condos | 2 | 3 | 1,571 | $1,080,000 | 2026-05-29 |
| 650 NE 32nd St Unit 2703 | condos | 2 | 3 | 1,198 | $870,000 | 2026-05-29 |
| 2900 NE 7th Ave Unit 3606 | condos | 2 | 2 | 912 | $730,000 | 2026-05-21 |
| 2020 N Bayshore Dr Apt 1205 | condos | 2 | 2 | 1,147 | $865,000 | 2026-05-18 |
| 3250 NE 1st Ave Apt 1115 | condos | 2 | 2 | 1,746 | $880,000 | 2026-05-14 |
| 700 NE 24th St Unit 4402 | condos | 2 | 3 | 1,542 | $1,470,000 | 2026-05-13 |
| 460 NE 28th St Apt 3904 | condos | 2 | 2 | 1,104 | $720,000 | 2026-05-11 |
| 480 NE 31st St Unit 3104 | condos | 2 | 3 | 1,186 | $1,000,000 | 2026-05-11 |
| 3470 E Coast Ave Apt H2710 | condos | 2 | 3 | 1,088 | $639,600 | 2026-05-07 |
| 665 NE 25th St Apt 1201 | condos | 2 | 3 | 1,508 | $675,000 | 2026-05-01 |
| 2900 NE 7th Ave Unit 1705 | condos | 2 | 3 | 1,223 | $975,000 | 2026-04-30 |
| 2000 N Bayshore Dr Apt 907 | condos | 2 | 2 | 984 | $390,000 | 2026-04-30 |
| 3250 NE 1st Ave Apt 516 | condos | 2 | 2 | 1,190 | $675,000 | 2026-04-30 |
| 3470 E Coast Ave Apt H0913 | condos | 2 | 3 | 1,090 | $579,900 | 2026-04-28 |
| 700 NE 26th Ter Unit 902 | condos | 2 | 4 | 2,348 | $2,230,000 | 2026-04-21 |
| 3470 E Coast Ave Apt H0402 | condos | 2 | 3 | 1,088 | $584,000 | 2026-04-17 |
| 2020 N Bayshore Dr Apt 3506 | condos | 2 | 3 | 1,666 | $1,565,000 | 2026-04-10 |
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 |
|---|---|---|---|---|---|---|
| 601 NE 36th St Apt 2707 | condos | 2 | 3 | 1,158 | $575,000 | — |
| 600 NE 36th St Apt 706 | condos | 2 | 2 | 990 | $475,000 | — |
| 3470 E Coast Ave Apt H0302 | condos | 2 | 3 | 1,088 | $662,000 | — |
| 456 NE 29th St Unit 2403 | condos | 2 | 3 | 1,472 | $1,605,000 | — |
| 456 NE 29th St Unit 1505 | condos | 2 | 2 | 1,231 | $1,285,000 | — |
| 501 NE 31st St Unit 608 | condos | 2 | 2 | 1,084 | $647,900 | — |
| 460 NE 28th St Apt 601 | condos | 2 | 2 | 1,311 | $925,000 | — |
| 725 NE 22nd St Ph 2A | condos | 2 | 2 | 1,400 | $1,150,000 | — |
10-year hold projection
IRR-11.1%
Equity multiple-0.91x
Total return (10yr)-$584,216
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,740,700 | -$27,245 | -$134,447 | $1,337,341 | $403,359 |
| 2 | $1,792,921 | -$27,656 | -$134,931 | $1,321,676 | $471,245 |
| 3 | $1,846,709 | -$28,069 | -$135,419 | $1,304,935 | $541,774 |
| 4 | $1,902,110 | -$28,483 | -$135,911 | $1,287,044 | $615,066 |
| 5 | $1,959,173 | -$28,899 | -$136,407 | $1,267,925 | $691,248 |
| 6 | $2,017,948 | -$29,317 | -$136,906 | $1,247,492 | $770,456 |
| 7 | $2,078,487 | -$29,736 | -$137,408 | $1,225,657 | $852,830 |
| 8 | $2,140,841 | -$30,157 | -$137,914 | $1,202,322 | $938,519 |
| 9 | $2,205,067 | -$30,578 | -$138,422 | $1,177,385 | $1,027,682 |
| 10 | $2,271,219 | -$30,999 | -$138,933 | $1,150,735 | $1,120,483 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.