| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,800,000 |
| Down payment (20.0%) | $760,000 |
| Loan amount | $3,040,000 |
| Closing costs (5.0%) | $190,000 |
| Total cash to close | $950,000 |
| Income | |
| Rent (comp-derived) | $16,250$195,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $14,950$179,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,017$72,200 |
| Insurance (placeholder 0.8% of price) | $2,533$30,400 |
| HOA dues | $3,404$40,848 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $813$9,750 |
| Total operating expenses | $12,767$153,198 |
| 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) | $813$9,750 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 3 | 1,995 | $8,500 | 2026-08-21 | — | |
| condos | 3 | 4 | 1,946 | $24,000 | 2026-08-07 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-08-06 | — | |
| condos | 3 | 5 | 3,170 | $15,000 | 2026-07-20 | — | |
| condos | 3 | 3 | 1,792 | $7,900 | 2026-07-16 | — | |
| apartment | 3 | 2 | 3,248 | $3,500 | 2026-07-15 | — | |
| condos | 3 | 4 | 2,115 | $22,000 | 2026-07-15 | — | |
| condos | 3 | 4 | 2,115 | $25,000 | 2026-07-10 | — | |
| condos | 3 | 3 | 1,352 | $6,400 | 2026-06-25 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-06-18 | — | |
| condos | 3 | 4 | 1,946 | $22,500 | 2026-06-18 | — | |
| condos | 3 | 4 | 1,946 | $22,000 | 2026-06-17 | — | |
| condos | 3 | 4 | 1,946 | $19,900 | 2026-06-04 | — | |
| condos | 3 | 3 | 1,732 | $7,300 | 2026-06-04 | — | |
| condos | 3 | 4 | 2,105 | $19,000 | 2026-06-03 | — | |
| condos | 3 | 3 | 1,703 | $6,000 | 2026-05-22 | — | |
| apartment | 3 | 2 | 1,300 | $4,800 | 2026-05-15 | — | |
| condos | 3 | 4 | 2,105 | $17,500 | 2026-05-14 | — | |
| condos | 3 | 3 | 1,732 | $6,950 | 2026-05-10 | — | |
| condos | 3 | 4 | 2,259 | $25,000 | 2026-05-04 | — | |
| condos | 3 | 3 | 1,640 | $8,500 | 2026-03-18 | — | |
| condos | 3 | 4 | 1,946 | $17,500 | 2026-04-26 | — | |
| apartment | 3 | 4 | — | $19,500 | 2026-04-06 | — | |
| condos | 3 | 3 | 1,995 | $8,500 | — | — | |
| condos | 3 | 3 | 1,837 | $7,000 | 2026-08-22 | — | |
| condos | 3 | 4 | 1,946 | $25,000 | — | — | |
| condos | 3 | 4 | 1,470 | $11,000 | 2026-08-28 | — | |
| condos | 3 | 4 | 1,470 | $11,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 175 SE 25th Rd Apt 1202 | condos | 3 | 4 | 2,115 | $4,000,000 | 2026-08-28 |
| 1925 Brickell Ave Apt D1808 | condos | 3 | 3 | 2,124 | $850,000 | 2026-07-20 |
| 175 SE 25th Rd Apt 1601 | condos | 3 | 4 | 2,100 | $4,000,000 | 2026-07-17 |
| 1865 Brickell Ave Apt A1209 | condos | 3 | 3 | 2,133 | $1,041,000 | 2026-06-24 |
| 929 SW 11th St Unit H2 | condos | 3 | 4 | 2,185 | $800,000 | 2026-05-20 |
| 1541 Brickell Ave Unit C608 | condos | 3 | 3 | 1,869 | $975,000 | 2026-04-30 |
| 2025 Brickell Ave Apt 901 | condos | 3 | 3 | 2,149 | $1,112,000 | 2026-04-13 |
| 2127 Brickell Ave Apt 801 | condos | 3 | 3 | 2,600 | $2,075,000 | 2026-04-13 |
| 2451 Brickell Ave Apt 14D | condos | 3 | 3 | 1,703 | $1,200,000 | 2026-03-13 |
| 1627 Brickell Ave Apt 1401 | condos | 3 | 3 | 1,792 | $920,000 | 2026-01-20 |
| 1643 Brickell Ave Apt 1602 | condos | 3 | 5 | 3,170 | $3,100,000 | 2026-01-16 |
| 2127 Brickell Ave Apt 1701 | condos | 3 | 4 | 2,600 | $2,200,000 | 2025-12-17 |
| 1925 Brickell Ave Apt D1108 | condos | 3 | 3 | 2,124 | $1,050,000 | 2025-12-12 |
| 2451 Brickell Ave Unit 5EF | condos | 3 | 3 | 2,189 | $1,400,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 221 SW 25th Rd | single_family | 3 | 3 | 5,368 | $4,900,000 | — |
| 2200 Brickell Ave Unit 416 | condos | 3 | 4 | 2,000 | $3,198,000 | — |
| 2430 Brickell Ave | condos | 3 | 3 | 1,546 | $869,000 | — |
| 1865 Brickell Ave Unit 1865 | condos | 3 | 3 | 3,842 | $2,200,000 | — |
| 801 SW 24th Rd | single_family | 3 | 2 | 1,726 | $1,495,000 | — |
| 145 SE 25th Rd Apt 1003 | condos | 3 | 3 | 2,230 | $938,000 | — |
| 2828 SW 7th Ave | single_family | 3 | 4 | 3,064 | $1,300,000 | — |
| 2025 Brickell Ave Apt 1401 | condos | 3 | 3 | 2,149 | $2,150,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,914,000 | $26,202 | -$217,978 | $3,007,040 | $906,960 |
| 2 | $4,031,420 | $27,754 | -$216,670 | $2,971,816 | $1,059,604 |
| 3 | $4,152,363 | $29,372 | -$215,302 | $2,934,173 | $1,218,189 |
| 4 | $4,276,933 | $31,058 | -$213,872 | $2,893,946 | $1,382,988 |
| 5 | $4,405,241 | $32,814 | -$212,378 | $2,850,955 | $1,554,286 |
| 6 | $4,537,399 | $34,644 | -$210,817 | $2,805,013 | $1,732,386 |
| 7 | $4,673,521 | $36,550 | -$209,187 | $2,755,916 | $1,917,605 |
| 8 | $4,813,726 | $38,535 | -$207,485 | $2,703,447 | $2,110,279 |
| 9 | $4,958,138 | $40,602 | -$205,708 | $2,647,376 | $2,310,763 |
| 10 | $5,106,882 | $42,753 | -$203,854 | $2,587,453 | $2,519,429 |