| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,750,000 |
| Down payment (20.0%) | $750,000 |
| Loan amount | $3,000,000 |
| Closing costs (5.0%) | $187,500 |
| Total cash to close | $937,500 |
| Income | |
| Rent (comp-derived) | $14,250$171,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,110$157,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,938$71,250 |
| Insurance (placeholder 0.8% of price) | $2,500$30,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $713$8,550 |
| Total operating expenses | $9,150$109,800 |
| 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) | $713$8,550 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 4 | 3,539 | $14,500 | 2026-08-14 | — | |
| single_family | 4 | 4 | 2,763 | $14,000 | 2026-08-11 | — | |
| single_family | 4 | 4 | 2,160 | $9,000 | 2026-08-10 | — | |
| single_family | 4 | 5 | 2,962 | $19,000 | 2026-08-04 | — | |
| single_family | 4 | 3 | 3,016 | $7,500 | 2026-03-17 | — | |
| single_family | 4 | 4 | 2,827 | $22,000 | 2024-01-19 | — |
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 |
|---|---|---|---|---|---|---|
| 2031 S Miami Ave | single_family | 4 | 5 | 4,259 | $4,275,000 | 2026-07-31 |
| 365 SW 31st Rd | single_family | 4 | 4 | 2,514 | $2,076,000 | 2026-07-06 |
| 401 SW 28th Rd | single_family | 4 | 4 | 2,518 | $1,728,000 | 2026-06-15 |
| 452 SW 21st Rd | single_family | 4 | 3 | 2,300 | $1,255,000 | 2026-06-04 |
| 426 SW 26th Rd | single_family | 4 | 3 | 1,688 | $1,250,000 | 2026-06-04 |
| 321 SW 19th Rd | single_family | 4 | 2 | 1,755 | $1,030,000 | 2026-06-02 |
| 701 SW 27th Rd | single_family | 4 | 4 | 2,743 | $3,820,000 | 2026-05-15 |
| 441 SW 27th Rd | single_family | 4 | 4 | 2,332 | $1,650,000 | 2026-05-13 |
| 159 SW 25th Rd | single_family | 4 | 3 | 2,296 | $1,335,000 | 2026-05-06 |
| 3001 SW 4th Ave | single_family | 4 | 3 | 3,049 | $1,940,000 | 2026-03-09 |
| 445 SW 24th Rd | single_family | 4 | 3 | 2,167 | $1,150,000 | 2026-02-13 |
| 1928 S Miami Ave | single_family | 4 | 2 | 4,144 | $838,000 | 2026-02-10 |
| 1739 SW 12th Ave | single_family | 4 | 2 | 2,410 | $1,600,000 | 2026-02-03 |
| 531 SW 23rd Rd | single_family | 4 | 3 | 2,086 | $1,600,000 | 2026-01-23 |
| 2700 SW 4th Ave | single_family | 4 | 3 | 2,722 | $1,525,000 | 2026-01-23 |
| 326 SW 20th Rd | single_family | 4 | 4 | 2,280 | $1,485,000 | 2026-01-06 |
| 340 SW 25th Rd | single_family | 4 | 4 | 2,229 | $1,150,000 | 2025-12-30 |
| 701 SW 24th Rd | single_family | 4 | 5 | 3,875 | $2,750,000 | 2025-12-30 |
| 1575 SW 12th Ave | single_family | 4 | 2 | 1,479 | $1,200,000 | 2025-12-30 |
| 47 SW 21st Rd | single_family | 4 | 4 | 2,220 | $1,925,000 | 2025-12-22 |
| 1150 SW 22nd Ter | single_family | 4 | 3 | 2,725 | $1,816,000 | 2025-12-04 |
| 1152 SW 22nd Ter | single_family | 4 | 3 | 2,850 | $1,816,000 | 2025-11-07 |
| 5760137954 | single_family | 4 | 4 | 2,169 | $1,430,000 | 2025-10-17 |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 3601 | condos | 4 | 5 | 2,743 | $6,450,000 | — |
| 2311 SW 5th Ave | single_family | 4 | 4 | — | $2,390,000 | — |
| 1142 SW 22 Ter | single_family | 4 | 3 | 2,840 | $2,325,000 | — |
| 1140 SW 22 Ter | single_family | 4 | 3 | 2,750 | $2,275,000 | — |
| 530 SW 18th Ter | single_family | 4 | 4 | 2,023 | $2,399,000 | — |
| 175 SE 25th Rd Apt 2701 | condos | 4 | 5 | 2,743 | $5,750,000 | — |
| 1225 SW 11th Ave | multi_family | 4 | 3 | 2,058 | $2,200,000 | — |
| 440 SW 29th Rd | single_family | 4 | 3 | 2,674 | $2,399,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,862,500 | $47,520 | -$192,376 | $2,967,473 | $895,027 |
| 2 | $3,978,375 | $49,495 | -$190,615 | $2,932,713 | $1,045,662 |
| 3 | $4,097,726 | $51,542 | -$188,786 | $2,895,566 | $1,202,161 |
| 4 | $4,220,658 | $53,665 | -$186,888 | $2,855,867 | $1,364,791 |
| 5 | $4,347,278 | $55,866 | -$184,917 | $2,813,443 | $1,533,835 |
| 6 | $4,477,696 | $58,148 | -$182,871 | $2,768,105 | $1,709,591 |
| 7 | $4,612,027 | $60,514 | -$180,747 | $2,719,654 | $1,892,373 |
| 8 | $4,750,388 | $62,966 | -$178,543 | $2,667,876 | $2,082,512 |
| 9 | $4,892,899 | $65,508 | -$176,255 | $2,612,542 | $2,280,358 |
| 10 | $5,039,686 | $68,142 | -$173,882 | $2,553,408 | $2,486,279 |