| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $330,000 |
| Down payment (20.0%) | $66,000 |
| Loan amount | $264,000 |
| Closing costs (5.0%) | $16,500 |
| Total cash to close | $82,500 |
| Income | |
| Rent (comp-derived) | $2,250$27,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,070$24,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $523$6,270 |
| Insurance (placeholder 0.8% of price) | $220$2,640 |
| HOA dues | $563$6,756 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $113$1,350 |
| Total operating expenses | $1,418$17,016 |
| 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) | $113$1,350 |
| 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 | 1 | 1 | 566 | $3,102 | 2025-07-03 | — | |
| apartment | 1 | 1 | 540 | $2,050 | 2026-07-17 | — | |
| apartment | 1 | 1 | 450 | $1,800 | 2026-07-15 | — | |
| apartment | 1 | 1 | 500 | $2,200 | 2026-08-22 | — | |
| condos | 1 | 1 | 580 | $2,250 | 2026-08-24 | — | |
| apartment | 1 | 1 | 350 | $1,800 | 2026-08-14 | — | |
| condos | 1 | 1 | 470 | $1,699 | 2026-08-20 | — | |
| condos | 1 | 1 | 470 | $1,650 | 2026-07-20 | — | |
| condos | 1 | 1 | 570 | $2,600 | 2025-10-23 | — | |
| condos | 1 | 1 | 550 | $2,600 | 2026-05-07 | — | |
| apartment | 1 | 1 | 570 | $3,500 | 2026-02-20 | — | |
| condos | 1 | 1 | 500 | $2,400 | 2026-06-08 | — | |
| condos | 1 | 1 | 360 | $4,000 | 2026-03-16 | — | |
| condos | 1 | 1 | 500 | $2,400 | — | — | |
| condos | 1 | 1 | 457 | $2,100 | 2026-08-30 | — |
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 |
|---|---|---|---|---|---|---|
| 5445 Collins Ave Apt BAY14 | condos | 1 | 1 | 950 | $520,000 | 2026-09-01 |
| 5255 Collins Ave Apt 9F | condos | 1 | 2 | 1,475 | $845,000 | 2026-08-26 |
| 2625 Collins Ave Apt 1601 | condos | 1 | 2 | 1,075 | $575,000 | 2026-08-20 |
| 4775 Collins Ave Apt 2806 | condos | 1 | 2 | 1,100 | $1,030,000 | 2026-08-14 |
| 5601 Collins Ave Apt 511 | condos | 1 | 2 | 930 | $550,000 | 2026-08-03 |
| 5601 Collins Ave Apt 711 | condos | 1 | 2 | 930 | $595,000 | 2026-07-27 |
| 5445 Collins Ave Apt L3 | condos | 1 | 2 | 430 | $275,000 | 2026-07-24 |
| 2457 Collins Ave Apt 1703 | condos | 1 | 2 | 1,389 | $1,150,000 | 2026-07-21 |
| 2899 Collins Ave Apt 736 | condos | 1 | 1 | 726 | $306,000 | 2026-07-16 |
| 2899 Collins Ave Apt 548 | condos | 1 | 1 | 726 | $335,000 | 2026-07-16 |
| 4401 Collins Ave Unit 1015 | condos | 1 | 2 | 1,066 | $1,237,500 | 2026-07-15 |
| 5838 Collins Ave Apt 2H | condos | 1 | 2 | 815 | $280,000 | 2026-07-10 |
| 2655 Collins Ave Apt 1907 | condos | 1 | 2 | 1,122 | $467,500 | 2026-06-24 |
| 6039 Collins Ave Apt 412 | condos | 1 | 2 | 1,063 | $325,000 | 2026-06-06 |
| 4401 Collins Ave Unit 3003 | condos | 1 | 2 | 980 | $1,500,000 | 2026-06-05 |
| 5005 Collins Ave Apt 523 | condos | 1 | 1 | 938 | $289,000 | 2026-06-05 |
| 2555 Collins Ave Apt 2104 | condos | 1 | 2 | 848 | $520,375 | 2026-05-28 |
| 4730 Pine Tree Dr Apt 11 | condos | 1 | 1 | 500 | $125,000 | 2026-05-27 |
| 5005 Collins Ave Apt 425 | condos | 1 | 1 | 964 | $269,000 | 2026-05-26 |
| 2899 Collins Ave Apt 1717 | condos | 1 | 2 | 797 | $495,000 | 2026-05-20 |
| 2615 Collins Ave Apt 21 | condos | 1 | 1 | 490 | $310,000 | 2026-05-15 |
| 5005 Collins Ave Apt 212 | condos | 1 | 2 | 988 | $350,000 | 2026-05-14 |
| 2401 Collins Ave Apt 1712 | condos | 1 | 2 | 1,030 | $570,000 | 2026-05-01 |
| 3030 Collins Ave Apt 3E | condos | 1 | 1 | 428 | $307,000 | 2026-05-01 |
| 3030 Collins Ave Apt 4F | condos | 1 | 1 | 461 | $282,000 | 2026-04-29 |
| 5601 Collins Ave Ph 5 | condos | 1 | 2 | 930 | $765,000 | 2026-04-28 |
| 2401 Collins Ave Apt 705 | condos | 1 | 2 | 1,121 | $560,000 | 2026-04-28 |
| 2829 Indian Creek Dr Apt 1001 | condos | 1 | 2 | 850 | $450,000 | 2026-04-24 |
| 5255 Collins Ave Apt 10A | condos | 1 | 2 | 1,560 | $400,000 | 2026-04-15 |
| 5700 Collins Ave Apt 12K | condos | 1 | 2 | 900 | $480,000 | 2026-04-14 |
| 2457 Collins Ave Apt 503 | condos | 1 | 2 | 907 | $689,000 | 2026-04-10 |
| 4747 Collins Ave Apt 305 | condos | 1 | 1 | 790 | $300,000 | 2026-04-09 |
| 4401 Collins Ave Unit 3209 | condos | 1 | 1 | 526 | $970,000 | 2026-04-01 |
| 5838 Collins Ave Apt 6H | condos | 1 | 2 | 815 | $270,000 | 2026-03-31 |
| 5600 Collins Ave Apt 5L | condos | 1 | 1 | 930 | $455,000 | 2026-03-25 |
| 5225 Collins Ave Apt 1403 | condos | 1 | 2 | 790 | $460,000 | 2026-03-24 |
| 5701 Collins Ave Apt 1105 | condos | 1 | 2 | 824 | $385,000 | 2026-03-20 |
| 2858 Pine Tree Dr Apt 4 | condos | 1 | 1 | 683 | $312,000 | 2026-03-09 |
| 2401 Collins Ave Apt 507 | condos | 1 | 2 | 1,121 | $465,000 | 2026-03-06 |
| 5875 Collins Ave Apt 1006 | condos | 1 | 2 | 833 | $825,000 | 2026-02-19 |
| 2555 Collins Ave Apt 607 | condos | 1 | 2 | 861 | $670,000 | 2026-02-11 |
| 5005 Collins Ave Apt 202 | condos | 1 | 2 | 1,046 | $240,000 | 2026-02-06 |
| 4710 Pine Tree Dr Apt 26 | condos | 1 | 1 | 750 | $230,000 | 2026-02-04 |
| 5005 Collins Ave Apt 402 | condos | 1 | 2 | 1,046 | $354,000 | 2026-02-03 |
| 4779 Collins Ave Apt 2106 | condos | 1 | 2 | 1,100 | $1,020,000 | 2026-01-30 |
| 5255 Collins Ave Apt 1A | condos | 1 | 2 | 1,250 | $185,000 | 2026-01-28 |
| 4101 Pine Tree Dr Apt 709 | condos | 1 | 2 | 835 | $400,000 | 2025-12-31 |
| 5005 Collins Ave Apt 1105 | condos | 1 | 2 | 982 | $365,000 | 2025-12-15 |
| 5401 Collins Ave Apt 1220 | condos | 1 | 2 | 1,050 | $600,000 | 2025-12-12 |
| 2829 Indian Creek Dr Apt 605 | condos | 1 | 1 | 490 | $245,000 | 2025-12-09 |
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 |
|---|---|---|---|---|---|---|
| 5005 Collins Ave Apt 518 | condos | 1 | 1 | 938 | $335,000 | — |
| 5161 Collins Ave Apt 309 | condos | 1 | 1 | 610 | $430,000 | — |
| 5005 Collins Ave Apt 304 | condos | 1 | 1 | 942 | $330,000 | — |
| 5601 Collins Ave Unit 412A | condos | 1 | 2 | 910 | $540,000 | — |
| 4747 Collins Ave Apt 708 | condos | 1 | 1 | 790 | $365,000 | — |
| 5005 Collins Ave Apt 222 | condos | 1 | 1 | 1,026 | $300,000 | — |
| condos | 1 | 2 | 1,560 | $530,000 | — | |
| 4101 Pine Tree Dr Apt 1105 | condos | 1 | 2 | 835 | $599,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $339,900 | $7,824 | -$13,884 | $261,138 | $78,762 |
| 2 | $350,097 | $8,144 | -$13,598 | $258,079 | $92,018 |
| 3 | $360,600 | $8,475 | -$13,301 | $254,810 | $105,790 |
| 4 | $371,418 | $8,819 | -$12,993 | $251,316 | $120,102 |
| 5 | $382,560 | $9,175 | -$12,673 | $247,583 | $134,978 |
| 6 | $394,037 | $9,544 | -$12,342 | $243,593 | $150,444 |
| 7 | $405,858 | $9,927 | -$11,997 | $239,329 | $166,529 |
| 8 | $418,034 | $10,323 | -$11,640 | $234,772 | $183,262 |
| 9 | $430,575 | $10,734 | -$11,269 | $229,903 | $200,672 |
| 10 | $443,492 | $11,160 | -$10,885 | $224,699 | $218,793 |