| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,500,000 |
| Down payment (20.0%) | $700,000 |
| Loan amount | $2,800,000 |
| Closing costs (5.0%) | $175,000 |
| Total cash to close | $875,000 |
| Income | |
| Rent (comp-derived) | $25,000$300,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $23,000$276,000 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,542$66,500 |
| Insurance (est. scaled by flood & wind risk) | $4,550$54,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,250$15,000 |
| Total operating expenses | $11,342$136,100 |
| 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) | $1,250$15,000 |
| 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 | 3,312 | $27,500 | 2026-08-24 | — | |
| single_family | 4 | 4 | 2,982 | $25,000 | 2026-08-17 | — | |
| single_family | 4 | 3 | 2,372 | $11,900 | 2025-11-30 | — | |
| single_family | 4 | 4 | 3,361 | $13,000 | 2026-07-11 | — | |
| single_family | 4 | 4 | 2,971 | $26,500 | 2026-03-25 | — |
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 |
|---|---|---|---|---|---|---|
| 204 191st St | single_family | 4 | 3 | 2,632 | $2,200,000 | 2026-08-27 |
| 3428 NE 169th St | single_family | 4 | 3 | 2,632 | $2,200,000 | 2026-05-26 |
| 19140 N Bay Rd | single_family | 4 | 3 | 3,428 | $3,800,000 | 2026-05-19 |
| 3400 NE 165th St | single_family | 4 | 3 | 2,502 | $3,000,000 | 2026-05-11 |
| 1504 Island Blvd | single_family | 4 | 4 | 5,628 | $3,600,000 | 2026-05-08 |
| 530 Ocean Blvd | single_family | 4 | 5 | 3,920 | $3,180,000 | 2026-04-28 |
| 200 188th St | single_family | 4 | 2 | 2,099 | $1,700,000 | 2026-02-23 |
| 147 Golden Beach Dr | single_family | 4 | 3 | 2,256 | $3,300,000 | 2026-02-02 |
| 685 Golden Beach Dr | single_family | 4 | 3 | 3,323 | $3,700,000 | 2026-01-20 |
| 2925 NE 164th St | single_family | 4 | 2 | 2,938 | $4,000,000 | 2025-12-11 |
| 4042 Island Estates Dr | single_family | 4 | 8 | 7,796 | $12,450,000 | 2025-12-11 |
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 |
|---|---|---|---|---|---|---|
| 333 Atlantic Ave | single_family | 4 | 4 | 2,426 | $11,999,000 | — |
| 3949 194th Ln | single_family | 4 | 4 | 2,353 | $2,259,000 | — |
| 18555 Collins Ave Apt 3301 | condos | 4 | 5 | 4,154 | $6,500,000 | — |
| 329 Poinciana Dr Unit 909 | condos | 4 | 3 | 2,425 | $1,190,000 | — |
| 17475 Collins Ave Ph 3201 | condos | 4 | 8 | 9,051 | $23,990,000 | — |
| 17875 Collins Ave Ph 4506 | condos | 4 | 7 | 6,419 | $13,495,000 | — |
| 2349 NE 173rd St | single_family | 4 | 3 | 1,432 | $839,000 | — |
| 330 Sunny Isles Blvd Unit 5-2403 | condos | 4 | 5 | 3,296 | $3,300,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,605,000 | $139,900 | -$91,023 | $2,769,642 | $835,358 |
| 2 | $3,713,150 | $144,778 | -$86,520 | $2,737,199 | $975,951 |
| 3 | $3,824,545 | $149,818 | -$81,864 | $2,702,528 | $1,122,016 |
| 4 | $3,939,281 | $155,028 | -$77,048 | $2,665,476 | $1,273,804 |
| 5 | $4,057,459 | $160,412 | -$72,068 | $2,625,880 | $1,431,579 |
| 6 | $4,179,183 | $165,975 | -$66,919 | $2,583,565 | $1,595,618 |
| 7 | $4,304,559 | $171,724 | -$61,594 | $2,538,344 | $1,766,214 |
| 8 | $4,433,695 | $177,665 | -$56,088 | $2,490,018 | $1,943,677 |
| 9 | $4,566,706 | $183,804 | -$50,395 | $2,438,373 | $2,128,333 |
| 10 | $4,703,707 | $190,147 | -$44,508 | $2,383,182 | $2,320,526 |