| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $239,000 |
| Down payment (20.0%) | $47,800 |
| Loan amount | $191,200 |
| Closing costs (5.0%) | $11,950 |
| Total cash to close | $59,750 |
| Income | |
| Rent (comp-derived) | $2,648$31,770 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,436$29,228 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $378$4,541 |
| Insurance (placeholder 0.8% of price) | $159$1,912 |
| HOA dues | $547$6,564 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $132$1,589 |
| Total operating expenses | $1,217$14,606 |
| 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) | $132$1,589 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 0 | 1 | 566 | $2,425 | 2026-01-23 | — | |
| apartment | 0 | 1 | 512 | $2,355 | 2025-11-12 | — | |
| apartment | 0 | 1 | 567 | $2,290 | 2026-07-27 | — | |
| apartment | 0 | 1 | 586 | $2,860 | — | — | |
| apartment | 0 | 1 | 586 | $2,760 | — | — | |
| apartment | 0 | 1 | 566 | $2,910 | — | — | |
| apartment | 0 | 1 | 566 | $3,010 | — | — | |
| apartment | 0 | 1 | 586 | $2,985 | — | — | |
| apartment | 0 | 1 | 565 | $2,010 | — | — | |
| apartment | 0 | 1 | 586 | $2,635 | — | — | |
| apartment | 0 | 1 | 529 | $2,240 | — | — | |
| apartment | 0 | 1 | 553 | $2,419 | — | — | |
| apartment | 0 | 1 | 533 | $2,185 | — | — | |
| apartment | 0 | 1 | 467 | $2,135 | — | — | |
| apartment | 0 | 1 | 467 | $2,245 | — | — | |
| apartment | 0 | 1 | 586 | $2,660 | — | — | |
| apartment | 0 | 1 | 512 | $2,430 | — | — | |
| apartment | 0 | 1 | 586 | $2,685 | — | — | |
| apartment | 0 | 1 | 586 | $2,635 | — | — | |
| apartment | 0 | 1 | 586 | $2,660 | — | — | |
| apartment | 0 | 1 | 586 | $2,585 | — | — | |
| apartment | 0 | 1 | 586 | $2,660 | — | — | |
| apartment | 0 | 1 | 512 | $2,355 | — | — | |
| apartment | 0 | 1 | 553 | $2,469 | — | — | |
| apartment | 0 | 1 | 586 | $2,660 | — | — | |
| apartment | 0 | 1 | 586 | $2,685 | — | — | |
| apartment | 0 | 1 | 512 | $2,405 | — | — | |
| apartment | 0 | 1 | 586 | $2,610 | — | — | |
| apartment | 0 | 1 | 586 | $2,610 | — | — | |
| apartment | 0 | 1 | 553 | $2,419 | — | — | |
| apartment | 0 | 1 | 553 | $2,469 | — | — | |
| apartment | 0 | 1 | 512 | $2,430 | — | — | |
| apartment | 0 | 1 | 512 | $2,355 | — | — | |
| apartment | 0 | 1 | 553 | $2,369 | — | — | |
| apartment | 0 | 1 | 586 | $2,635 | — | — | |
| apartment | 0 | 1 | 586 | $2,710 | — | — | |
| apartment | 0 | 1 | 586 | $2,735 | — | — | |
| apartment | 0 | 1 | 586 | $2,735 | — | — | |
| apartment | 0 | 1 | 586 | $2,710 | — | — | |
| apartment | 0 | 1 | 586 | $2,735 | — | — | |
| apartment | 0 | 1 | 586 | $2,960 | — | — | |
| apartment | 0 | 1 | 586 | $3,085 | — | — | |
| apartment | 0 | 1 | 586 | $3,060 | — | — | |
| apartment | 0 | 1 | 566 | $3,110 | — | — | |
| apartment | 0 | 1 | 586 | $3,160 | — | — | |
| apartment | 0 | 1 | 566 | $3,210 | — | — | |
| apartment | 0 | 1 | 566 | $3,335 | — | — | |
| apartment | 0 | 1 | 586 | $3,285 | — | — |
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 |
|---|---|---|---|---|---|---|
| 3640 Yacht Club Dr Apt 1602 | condos | 2 | 2 | 1,430 | $380,000 | 2026-09-01 |
| 3475 N Country Club Dr Apt 106 | condos | 2 | 2 | 994 | $166,500 | 2026-09-01 |
| 21205 Yacht Club Dr Apt 3003 | condos | 3 | 2 | 1,870 | $690,000 | 2026-09-01 |
| 21244 Harbor Way Unit 213-21 | condo_townhome_rowhome_coop | 2 | 2 | 1,358 | $595,000 | 2026-09-01 |
| 19707 Turnberry Way Apt 18L | condos | 2 | 2 | 1,600 | $560,000 | 2026-08-31 |
| 19901 E Country Club Dr Unit 2103 | condos | 1 | 1 | 730 | $290,000 | 2026-08-28 |
| 3400 NE 192nd St Ph LPH5 | condos | 2 | 2 | 1,361 | $390,000 | 2026-08-27 |
| 3598 Yacht Club Dr Apt 1003 | condos | 3 | 2 | 1,820 | $600,000 | 2026-08-26 |
| 19707 Turnberry Way Apt 16G | condos | 2 | 2 | 1,522 | $500,000 | 2026-08-26 |
| 19500 Turnberry Way Apt 14C | condos | 3 | 3 | 1,810 | $830,000 | 2026-08-25 |
| 19500 Turnberry Way Apt 10A | condos | 2 | 3 | 2,360 | $770,000 | 2026-08-25 |
| 21200 Point Pl Unit 1403 | condos | 3 | 4 | 3,173 | $1,950,000 | 2026-08-24 |
| 3625 N Country Club Dr Apt 2610 | condos | 2 | 2 | 1,079 | $310,000 | 2026-08-24 |
| 20281 E Country Club Dr Apt 1002 | condos | 2 | 2 | 1,800 | $750,000 | 2026-08-21 |
| 21050 Point Pl Unit 2601 | condos | 3 | 3 | 2,440 | $1,120,000 | 2026-08-20 |
| 20185 E Country Club Dr Apt 1202 | condos | 3 | 3 | 1,950 | $625,000 | 2026-08-19 |
| 3598 Yacht Club Den Dr Unit 601 | condos | 2 | 2 | 1,530 | $385,000 | 2026-08-17 |
| 19501 W Country Club Dr Apt 2513 | condos | 2 | 2 | 1,245 | $550,000 | 2026-08-17 |
| 20379 W Country Club Dr Apt 1433 | condos | 2 | 2 | 1,313 | $215,000 | 2026-08-17 |
| 19501 E Country Club Dr Unit 9306 | condos | 2 | 2 | 1,180 | $380,000 | 2026-08-14 |
| 20201 E Country Club Dr Apt 2303 | condos | 3 | 4 | 3,264 | $1,300,000 | 2026-08-14 |
| 20500 W Country Club Dr Apt 210 | condos | 1 | 2 | 741 | $145,000 | 2026-08-14 |
| 3029 NE 188th St Apt 1019 | condos | 1 | 2 | 816 | $380,000 | 2026-08-14 |
| 3370 Hidden Bay Dr Unit 602 | condos | 2 | 3 | 1,610 | $515,000 | 2026-08-13 |
| 2880 NE 203rd St Unit 28B | condos | 1 | 1 | — | $200,000 | 2026-08-13 |
| 20281 E Country Club Dr Apt 1603 | condos | 2 | 2 | 1,470 | $560,000 | 2026-08-13 |
| 20301 W Country Club Dr Apt 1826 | condos | 2 | 2 | 1,313 | $240,000 | 2026-08-10 |
| 3640 Yacht Club Dr Apt 708 | condos | 2 | 2 | 1,430 | $415,000 | 2026-08-10 |
| 19195 NE 36th Ct Unit 1706 | condos | 3 | 3 | 1,722 | $635,000 | 2026-08-10 |
| 19707 Turnberry Way Apt 7F | condos | 2 | 2 | 1,677 | $550,000 | 2026-08-09 |
| 21200 Point Pl Unit 1901 | condos | 5 | 5 | 4,169 | $2,750,000 | 2026-08-07 |
| 19195 NE 36th Ct Unit 2410 | condos | 2 | 2 | 1,353 | $465,000 | 2026-08-07 |
| 19400 Turnberry Way Apt 1731 | condos | 2 | 3 | 1,544 | $600,000 | 2026-08-07 |
| 20505 E Country Club Dr Apt 1133 | condos | 2 | 2 | 1,138 | $460,000 | 2026-08-06 |
| 3530 Mystic Pointe Dr Apt 2202 | condos | 2 | 3 | 1,365 | $440,000 | 2026-08-06 |
| 3610 Yacht Club Dr Apt 810 | condos | 2 | 2 | 1,053 | $300,000 | 2026-08-05 |
| 3300 NE 188th St Unit LPH16 | condos | 4 | 5 | 2,942 | $2,500,000 | 2026-08-03 |
| 3370 Hidden Bay Dr Unit 1702 | condos | 2 | 3 | 1,610 | $570,000 | 2026-08-03 |
| 21150 Point Pl Unit 701 | condos | 3 | 3 | 2,640 | $1,200,000 | 2026-08-03 |
| 3530 Mystic Pointe Dr Apt 1205 | condos | 2 | 2 | 1,361 | $500,000 | 2026-08-03 |
| 3250 NE 188th St Apt 402 | condos | 3 | 5 | 2,307 | $1,000,000 | 2026-08-01 |
| 3731 N Country Club Dr Apt 1223 | condos | 2 | 2 | 1,144 | $313,000 | 2026-07-31 |
| 3300 NE 191st St Apt 714 | condos | 2 | 2 | 1,134 | $348,000 | 2026-07-31 |
| 3640 Yacht Club Dr Apt 1007 | condos | 2 | 2 | 1,430 | $550,000 | 2026-07-31 |
| 3400 NE 192nd St Apt 307 | condos | 2 | 2 | 1,181 | $235,000 | 2026-07-31 |
| 20301 W Country Club Dr Apt 526 | condos | 2 | 2 | 1,313 | $304,000 | 2026-07-31 |
| 20225 NE 34th Ct Apt 2411 | condos | 2 | 2 | 1,176 | $350,000 | 2026-07-30 |
| 3675 N Country Club Dr Apt 1406 | condos | 2 | 2 | 1,092 | $251,500 | 2026-07-29 |
| 19355 Turnberry Way Apt 8K | condos | 2 | 2 | 1,910 | $475,000 | 2026-07-28 |
| 3500 Mystic Pointe Dr Apt 3701 | condos | 3 | 3 | 1,714 | $580,000 | 2026-07-28 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 18071 Biscayne Blvd Apt 1402 | condos | 0 | 1 | 429 | $125,000 | — |
| 3000 Island Blvd Unit 332 | condos | 0 | 1 | 311 | $299,000 | — |
| 20281 E Country Club Dr Unit CAB3 | condos | 0 | — | 180 | $62,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $246,170 | $14,623 | -$1,710 | $189,127 | $57,043 |
| 2 | $253,555 | $15,135 | -$1,238 | $186,912 | $66,643 |
| 3 | $261,162 | $15,664 | -$750 | $184,544 | $76,618 |
| 4 | $268,997 | $16,210 | -$245 | $182,014 | $86,983 |
| 5 | $277,067 | $16,775 | $277 | $179,310 | $97,756 |
| 6 | $285,379 | $17,359 | $817 | $176,421 | $108,958 |
| 7 | $293,940 | $17,962 | $1,376 | $173,333 | $120,607 |
| 8 | $302,758 | $18,586 | $1,953 | $170,033 | $132,725 |
| 9 | $311,841 | $19,230 | $2,550 | $166,506 | $145,334 |
| 10 | $321,196 | $19,896 | $3,168 | $162,738 | $158,458 |