| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $435,000 |
| Down payment (20.0%) | $87,000 |
| Loan amount | $348,000 |
| Closing costs (5.0%) | $21,750 |
| Total cash to close | $108,750 |
| Income | |
| Rent (comp-derived) | $2,999$35,988 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,759$33,109 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $689$8,265 |
| Insurance (placeholder 0.8% of price) | $290$3,480 |
| HOA dues | $474$5,688 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $150$1,799 |
| Total operating expenses | $1,603$19,232 |
| 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) | $150$1,799 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 4 | 2 | 1,594 | $3,200 | 2026-08-06 | — | |
| apartment | 4 | 2 | 1,294 | $2,600 | 2026-07-24 | — | |
| condos | 4 | 3 | 1,386 | $2,999 | 2026-07-21 | — | |
| condos | 4 | 2 | 1,294 | $2,500 | 2026-07-16 | — | |
| apartment | 4 | 2 | 1,516 | $3,500 | 2026-07-03 | — | |
| apartment | 4 | 2 | 1,500 | $2,695 | 2026-06-30 | — | |
| condos | 4 | 4 | 1,825 | $3,500 | 2026-08-02 | — |
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 |
|---|---|---|---|---|---|---|
| 10581 SW 155th Ct Apt 1214 | condos | 2 | 2 | 979 | $310,000 | 2026-08-28 |
| 10026 Hammocks Blvd Unit 207-6 | condos | 2 | 3 | 1,350 | $318,000 | 2026-08-21 |
| 10610 SW 158th Ct Apt 107 | condos | 2 | 2 | 1,075 | $300,000 | 2026-08-10 |
| 9711 Hammocks Blvd Unit 108K | condos | 2 | 2 | 870 | $232,000 | 2026-08-03 |
| 10440 SW 156th Ct Apt 7211 | condos | 2 | 2 | 1,053 | $310,000 | 2026-07-16 |
| 10521 SW 158th Ct Apt 206 | condos | 2 | 2 | 1,075 | $299,000 | 2026-07-16 |
| 15340 SW 106th Ter Apt 819 | condos | 1 | 1 | 693 | $229,000 | 2026-07-10 |
| 9808 Hammocks Blvd Unit 203-23 | condos | 3 | 2 | 993 | $280,000 | 2026-07-10 |
| 10441 Mahogany Key Cir Apt 101 | condos | 2 | 2 | 1,212 | $300,000 | 2026-06-29 |
| 15560 SW 106th Ln Apt 1302 | condos | 2 | 2 | 918 | $287,000 | 2026-06-24 |
| 15285 SW 107th Ln Apt 201 | condos | 2 | 2 | 1,093 | $278,000 | 2026-06-18 |
| 10390 SW 154th Cir Ct Apt 78 | condos | 3 | 2 | 1,260 | $350,000 | 2026-06-12 |
| 10360 SW 150th Ct Apt 12104 | condos | 1 | 1 | 804 | $250,000 | 2026-06-04 |
| 15560 SW 106th Ln Apt 1313 | condos | 1 | 1 | 586 | $198,850 | 2026-06-03 |
| 15570 SW 105th Ln Apt 1717 | condos | 1 | 1 | 586 | $193,850 | 2026-06-03 |
| 15770 SW 106th Ter Apt 205 | condos | 2 | 2 | 1,075 | $270,000 | 2026-05-29 |
| 10421 Mahogany Key Cir Apt 105 | condos | 2 | 2 | 1,003 | $280,000 | 2026-05-29 |
| 10610 SW 158th Ct Apt 208 | condos | 2 | 2 | 1,075 | $295,000 | 2026-05-13 |
| 10441 Mahogany Key Cir Apt 102 | condos | 2 | 2 | 1,212 | $315,000 | 2026-04-15 |
| 15500 SW 136th St Unit 202 | condos | 3 | 3 | 1,486 | $405,000 | 2026-04-15 |
| 15680 SW 106th Ln Apt 815 | condos | 2 | 2 | 918 | $240,000 | 2026-04-14 |
| 10361 SW 150th Ct Apt 13104 | condos | 2 | 2 | 949 | $280,000 | 2026-04-10 |
| 10440 SW 156th Ct Apt 714 | condos | 2 | 2 | 1,053 | $304,000 | 2026-04-03 |
| 9704 Hammocks Blvd Apt 201 | condos | 3 | 2 | 993 | $295,000 | 2026-03-31 |
| 5867536963 | condos | 3 | 2 | — | $290,000 | 2026-03-25 |
| 16530 SW 96th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,490 | $499,000 | 2026-03-13 |
| 9710 Hammocks Blvd Unit 103-31 | condos | 3 | 2 | 1,093 | $300,000 | 2026-03-10 |
| 10670 SW 156th Pl Apt 304 | condos | 2 | 2 | 947 | $235,000 | 2026-03-04 |
| 10441 Mahogany Key Cir Apt 202 | condos | 2 | 2 | 1,212 | $235,000 | 2026-02-27 |
| 15560 SW 104th Ter Apt 6111 | condos | 1 | 1 | 588 | $235,000 | 2026-02-25 |
| 15103 SW 113th Ter Unit 15103 | condos | 2 | 3 | 1,416 | $400,000 | 2026-02-09 |
| 9725 Hammocks Blvd Apt 108F | condos | 2 | 2 | 870 | $277,000 | 2026-02-06 |
| 15560 SW 136th St Unit 3-206 | condos | 3 | 3 | 1,481 | $405,000 | 2026-01-23 |
| 10360 SW 150th Ct Apt 12203 | condos | 1 | 1 | 820 | $225,000 | 2026-01-22 |
| 15081 SW 113th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,506 | $485,000 | 2026-01-22 |
| 10670 SW 156th Pl Apt 313 | condos | 2 | 2 | 947 | $270,000 | 2025-12-31 |
| 15050 SW 103rd Ter Apt 7102 | condos | 1 | 1 | 804 | $247,500 | 2025-12-29 |
| 9808 Hammocks Blvd Unit 102-23 | condos | 3 | 2 | 993 | $290,000 | 2025-12-16 |
| 15650 SW 136th St Unit 110 | condos | 3 | 2 | 1,384 | $420,000 | 2025-12-16 |
| 14921 SW 104th St Unit 1-101 | condos | 2 | 2 | 770 | $300,000 | 2025-12-04 |
| 14859 SW 104th St Unit 8-203 | condos | 2 | 2 | 770 | $265,000 | 2025-11-26 |
| 9728 Hammocks Blvd Unit 201-27 | condos | 3 | 2 | 993 | $295,000 | 2025-11-24 |
| 9087 SW 153rd Ct | condo_townhome_rowhome_coop | 3 | 3 | 1,678 | $450,000 | 2025-11-20 |
| 15290 SW 106th Ln Apt 316 | condos | 1 | 1 | 693 | $208,000 | 2025-10-29 |
| 9704 Hammocks Blvd Apt 103 | condos | 3 | 2 | 993 | $295,000 | 2025-10-23 |
| 15295 SW 107th Ln Apt 1008 | condos | 2 | 2 | 1,093 | $230,000 | 2025-10-23 |
| 10451 SW 157th Pl Apt 305 | condos | 2 | 2 | 1,084 | $295,000 | 2025-10-21 |
| 15315 SW 106th Ter Apt 423 | condos | 2 | 1 | 953 | $225,000 | 2025-10-09 |
| 15661 SW 104th Ter Apt 3112 | condos | 2 | 2 | 979 | $310,000 | 2025-09-29 |
| 9723 Hammocks Blvd Apt 102 | condos | 2 | 2 | 870 | $287,500 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 16162 SW 143rd St | single_family | 4 | 4 | 2,310 | $990,000 | — |
| 10135 SW 156th Ave | single_family | 4 | 2 | 2,243 | $799,000 | — |
| 14161 SW 153rd Ave | single_family | 4 | 3 | 2,249 | $830,000 | — |
| 13659 SW 158th Ave | townhomes | 4 | 4 | 2,152 | $649,900 | — |
| 10051 SW 147th Pl | single_family | 4 | 3 | 2,272 | $740,000 | — |
| 15234 SW 140th St | single_family | 4 | 2 | 2,368 | $789,500 | — |
| 15233 SW 141st St | single_family | 4 | 3 | 2,142 | $785,000 | — |
| 14750 SW 152nd Ct | single_family | 4 | 3 | 3,004 | $995,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $448,050 | $13,877 | -$14,759 | $344,227 | $103,823 |
| 2 | $461,492 | $14,389 | -$14,291 | $340,195 | $121,297 |
| 3 | $475,336 | $14,919 | -$13,807 | $335,886 | $139,451 |
| 4 | $489,596 | $15,468 | -$13,306 | $331,281 | $158,316 |
| 5 | $504,284 | $16,035 | -$12,787 | $326,359 | $177,925 |
| 6 | $519,413 | $16,623 | -$12,249 | $321,100 | $198,312 |
| 7 | $534,995 | $17,230 | -$11,693 | $315,480 | $219,515 |
| 8 | $551,045 | $17,859 | -$11,116 | $309,474 | $241,571 |
| 9 | $567,576 | $18,509 | -$10,520 | $303,055 | $264,521 |
| 10 | $584,604 | $19,181 | -$9,902 | $296,196 | $288,408 |