| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $995,000 |
| Down payment (20.0%) | $199,000 |
| Loan amount | $796,000 |
| Closing costs (5.0%) | $49,750 |
| Total cash to close | $248,750 |
| Income | |
| Rent (comp-derived) | $3,990$47,880 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,671$44,050 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,575$18,905 |
| Insurance (placeholder 0.8% of price) | $663$7,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $200$2,394 |
| Total operating expenses | $2,438$29,259 |
| 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) | $200$2,394 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 2 | 1,720 | $2,995 | 2026-07-12 | — | |
| single_family | 5 | 3 | 1,468 | $3,680 | 2026-05-29 | — | |
| single_family | 5 | 3 | 2,118 | $4,500 | 2026-08-27 | — | |
| single_family | 5 | 2 | 1,491 | $4,300 | 2026-08-26 | — |
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 |
|---|---|---|---|---|---|---|
| 17630 NW 36th Ave | single_family | 5 | 3 | 1,870 | $650,000 | 2026-07-24 |
| 3320 NW 172nd Ter | single_family | 5 | 3 | 1,614 | $680,000 | 2026-07-14 |
| 3560 NW 212th St | single_family | 5 | 3 | 1,713 | $635,000 | 2026-07-13 |
| 2980 NW 210th Ter | single_family | 5 | 3 | 1,931 | $615,000 | 2026-07-01 |
| 3281 NW 170th St | single_family | 5 | 2 | 1,568 | $495,000 | 2026-06-12 |
| 3224 NW 181st St | single_family | 5 | 3 | 1,752 | $615,000 | 2026-05-20 |
| 2840 NW 171st St | single_family | 5 | 3 | 1,963 | $645,000 | 2026-03-24 |
| 3119 NW 169th Ter | single_family | 5 | 2 | 2,715 | $620,000 | 2026-02-17 |
| 2051 NW 179th St | single_family | 5 | 4 | 4,735 | $502,500 | 2026-02-13 |
| 19320 NW 37th Ave | single_family | 5 | 4 | 2,340 | $650,000 | 2026-01-27 |
| 3510 NW 211th St | single_family | 5 | 3 | 1,416 | $615,000 | 2026-01-14 |
| 2442 NW 170th St | single_family | 5 | 3 | 1,795 | $640,000 | 2025-12-26 |
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 |
|---|---|---|---|---|---|---|
| 2310 NW 208th St | single_family | 5 | 2 | 1,494 | $579,900 | — |
| 3312 NW 182nd St | single_family | 5 | 4 | 1,392 | $645,000 | — |
| 2910 NW 175th St | single_family | 5 | 3 | — | $659,000 | — |
| 17520 NW 17th Ave | single_family | 5 | 3 | 3,129 | $699,999 | — |
| 16920 NW 19th Ave | single_family | 5 | 3 | 2,749 | $849,000 | — |
| 2961 NW 173rd Ter | single_family | 5 | 4 | 2,260 | $685,000 | — |
| 18901 NW 28th Pl | single_family | 5 | 3 | 2,379 | $674,000 | — |
| 17611 NW 32nd Ct | single_family | 5 | 2 | 915 | $569,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,024,850 | $14,791 | -$48,987 | $787,370 | $237,480 |
| 2 | $1,055,596 | $15,381 | -$48,457 | $778,147 | $277,449 |
| 3 | $1,087,263 | $15,992 | -$47,907 | $768,290 | $318,973 |
| 4 | $1,119,881 | $16,625 | -$47,336 | $757,757 | $362,124 |
| 5 | $1,153,478 | $17,282 | -$46,745 | $746,500 | $406,977 |
| 6 | $1,188,082 | $17,962 | -$46,131 | $734,471 | $453,611 |
| 7 | $1,223,725 | $18,666 | -$45,494 | $721,615 | $502,110 |
| 8 | $1,260,436 | $19,396 | -$44,834 | $707,876 | $552,560 |
| 9 | $1,298,249 | $20,151 | -$44,149 | $693,195 | $605,055 |
| 10 | $1,337,197 | $20,934 | -$43,439 | $677,504 | $659,692 |