| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $662,500 |
| Down payment (20.0%) | $132,500 |
| Loan amount | $530,000 |
| Closing costs (5.0%) | $33,125 |
| Total cash to close | $165,625 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,000$24,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,840$22,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,049$12,588 |
| Insurance (placeholder 0.8% of price) | $442$5,300 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $100$1,200 |
| Total operating expenses | $1,591$19,088 |
| 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) | $100$1,200 |
| 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 | 6 | 3 | 2,500 | $9,000 | 2023-01-27 | — |
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 |
|---|---|---|---|---|---|---|
| 2315 Johnson St | single_family | 2 | 1 | 926 | $375,000 | 2026-08-31 |
| 1550 Tyler St | single_family | 3 | 2 | 2,351 | $1,025,000 | 2026-08-31 |
| 1120 S 28th Ave | single_family | 4 | 2 | 1,574 | $550,000 | 2026-08-28 |
| 2730 Sherman St | single_family | 3 | 2 | 1,620 | $738,000 | 2026-08-26 |
| 1610 S 22nd Ave | single_family | 4 | 2 | 1,335 | $455,000 | 2026-08-26 |
| 2611 Rodman St | single_family | 3 | 2 | — | $456,000 | 2026-08-21 |
| 2104 N 14th Ct | single_family | 3 | 2 | 1,816 | $482,500 | 2026-08-20 |
| 2538 Liberty St | single_family | 2 | 2 | 1,332 | $505,000 | 2026-08-18 |
| 1459 Jefferson St | single_family | 3 | 3 | 2,221 | $1,150,000 | 2026-08-17 |
| 1435 Johnson St | single_family | 3 | 2 | 1,844 | $610,000 | 2026-08-17 |
| 2227 Farragut St | single_family | — | 0 | 1,220 | $400,000 | 2026-08-14 |
| 2857 Adams St | single_family | 4 | 2 | 1,418 | $575,000 | 2026-08-14 |
| 1000 N 17th Ave | single_family | 3 | 2 | 1,106 | $540,000 | 2026-08-10 |
| 2633 NW Taft St | single_family | 4 | 3 | 1,571 | $615,000 | 2026-08-07 |
| 2702 Hayes St | single_family | 2 | 1 | 1,284 | $380,000 | 2026-08-07 |
| 2711 Dewey St | single_family | 2 | 1 | 1,232 | $450,000 | 2026-08-06 |
| 1523 Johnson St | single_family | 2 | 2 | 1,175 | $650,000 | 2026-08-05 |
| 2745 Funston St | single_family | 2 | 1 | 1,006 | $359,000 | 2026-08-05 |
| 510 S 29th Ct | single_family | 2 | 1 | 1,120 | $390,000 | 2026-08-01 |
| 2431 Rodman St | single_family | 2 | 1 | 1,066 | $350,000 | 2026-07-30 |
| 2701 Scott St | single_family | 4 | 2 | 1,565 | $817,000 | 2026-07-30 |
| 2460 Jackson St | single_family | 2 | 1 | 1,136 | $490,000 | 2026-07-29 |
| 2747 Dewey St | single_family | 3 | 1 | 1,284 | $497,000 | 2026-07-28 |
| 2209 N 15th Ave | single_family | 3 | 2 | 1,449 | $495,000 | 2026-07-28 |
| 2060 N 26th Ave | single_family | 3 | 2 | 1,418 | $565,000 | 2026-07-27 |
| 1210 S 24th Ter | single_family | 2 | 1 | 943 | $395,000 | 2026-07-27 |
| 1611 Madison St | single_family | 3 | 2 | 1,244 | $675,000 | 2026-07-23 |
| 2543 Liberty St | single_family | 3 | 2 | 1,615 | $470,000 | 2026-07-23 |
| 1411 Harding St | single_family | 2 | 1 | 1,296 | $620,000 | 2026-07-23 |
| 2503 Scott St | single_family | 3 | 1 | 963 | $397,000 | 2026-07-22 |
| 2711 Adams St | single_family | 3 | 2 | 1,054 | $440,000 | 2026-07-22 |
| 2924 Dewey St | single_family | 3 | 2 | 2,056 | $350,000 | 2026-07-17 |
| 2414 Jackson St | single_family | 2 | 1 | 1,353 | $293,700 | 2026-07-16 |
| 1010 N 16th Ave | single_family | 3 | 2 | 1,493 | $566,500 | 2026-07-15 |
| 1425 S 24th Ave | single_family | 3 | 2 | 1,486 | $295,700 | 2026-07-14 |
| 2110 Funston St | single_family | 2 | 1 | 1,398 | $416,000 | 2026-07-08 |
| 2704 Bruce Ter | single_family | 2 | 2 | 1,564 | $555,000 | 2026-07-06 |
| 1224 N 26th Ave | single_family | 3 | 2 | 1,407 | $427,000 | 2026-07-06 |
| 2630 Grant St | single_family | 2 | 1 | 1,029 | $450,000 | 2026-07-02 |
| 2649 Scott St | single_family | 4 | 3 | 2,022 | $970,000 | 2026-07-02 |
| 2716 Polk St | single_family | 3 | 2 | 1,736 | $499,000 | 2026-07-02 |
| 2249 Johnson St | single_family | 2 | 1 | 1,523 | $420,000 | 2026-07-01 |
| 1551 Tyler St | single_family | 3 | 2 | 1,680 | $535,000 | 2026-06-30 |
| 1501 N 16th Ct | single_family | 2 | 1 | 1,104 | $410,000 | 2026-06-30 |
| 1612 Funston St | single_family | 3 | 2 | 1,927 | $690,100 | 2026-06-26 |
| 2211 Coolidge St | single_family | 2 | 1 | 960 | $457,000 | 2026-06-24 |
| 1627 Moffett St | single_family | 2 | 2 | 1,262 | $595,000 | 2026-06-23 |
| 2511 McKinley St | single_family | 3 | 2 | 1,132 | $370,000 | 2026-06-23 |
| 2315 Harding St | single_family | 2 | 1 | 646 | $315,000 | 2026-06-23 |
| 2729 Harding St | single_family | 3 | 3 | 1,528 | $648,000 | 2026-06-19 |
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 |
|---|---|---|---|---|---|---|
| 1930 Pierce St Unit 1-4 | multi_family | 6 | 9 | 1,788 | $750,000 | — |
| 1918 Sheridan St | multi_family | 6 | 5 | 1,790 | $645,000 | — |
| 1314 S 20th Ave | multi_family | 6 | 4 | 2,901 | $924,900 | — |
| 1853 Taft St | single_family | 6 | 3 | 3,177 | $799,000 | — |
| 2815 Adams St | single_family | 6 | 3 | 1,306 | $590,000 | — |
| 1743 Rodman St | single_family | 6 | 6 | 2,585 | $1,295,000 | — |
| 1922 Jefferson St | multi_family | 6 | 5 | 2,262 | $875,000 | — |
| 1933 Dewey St | multi_family | 6 | 5 | 2,798 | $1,100,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $682,375 | $2,993 | -$39,079 | $524,254 | $158,121 |
| 2 | $702,846 | $3,178 | -$38,923 | $518,113 | $184,734 |
| 3 | $723,932 | $3,371 | -$38,761 | $511,550 | $212,382 |
| 4 | $745,650 | $3,572 | -$38,591 | $504,537 | $241,113 |
| 5 | $768,019 | $3,782 | -$38,413 | $497,042 | $270,977 |
| 6 | $791,060 | $4,001 | -$38,228 | $489,032 | $302,028 |
| 7 | $814,791 | $4,229 | -$38,034 | $480,473 | $334,319 |
| 8 | $839,235 | $4,467 | -$37,831 | $471,325 | $367,910 |
| 9 | $864,412 | $4,714 | -$37,619 | $461,549 | $402,863 |
| 10 | $890,345 | $4,972 | -$37,398 | $451,103 | $439,242 |