| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,649,690 |
| Down payment (20.0%) | $529,938 |
| Loan amount | $2,119,752 |
| Closing costs (5.0%) | $132,485 |
| Total cash to close | $662,423 |
| Income | |
| Rent (comp-derived) | $12,475$149,700 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,477$137,724 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,195$50,344 |
| Insurance (placeholder 0.8% of price) | $1,766$21,198 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $624$7,485 |
| Total operating expenses | $6,586$79,027 |
| 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) | $624$7,485 |
| 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 | 5 | 5 | 4,197 | $19,900 | 2026-06-17 | — | |
| single_family | 5 | 3 | 2,588 | $6,000 | 2026-05-27 | — | |
| single_family | 5 | 5 | 4,400 | $18,000 | 2026-05-26 | — | |
| single_family | 5 | 5 | 3,470 | $45,000 | 2026-05-15 | — | |
| single_family | 5 | 4 | 3,275 | $10,000 | 2025-11-16 | — | |
| single_family | 5 | 5 | 4,119 | $18,500 | 2026-04-01 | — | |
| single_family | 5 | 5 | 4,057 | $14,950 | 2026-04-20 | — | |
| single_family | 5 | 3 | 2,702 | $5,500 | — | — | |
| single_family | 5 | 3 | 2,700 | $10,000 | 2026-07-29 | — | |
| single_family | 5 | 3 | 2,602 | $9,000 | 2026-09-01 | — |
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 |
|---|---|---|---|---|---|---|
| 2021 NE 212th St | single_family | 5 | 5 | 3,880 | $2,600,000 | 2026-08-31 |
| 2140 NE 206th St | single_family | 5 | 3 | 2,287 | $1,010,000 | 2026-07-31 |
| 1961 S Oak Haven Cir | single_family | 5 | 5 | 4,856 | $2,050,000 | 2026-06-17 |
| 1870 NE 197th Ter | single_family | 5 | 3 | 2,837 | $1,188,000 | 2026-05-27 |
| 2110 NE 198th Ter | single_family | 5 | 3 | 3,412 | $1,651,000 | 2026-05-26 |
| 1270 North Dr | single_family | 5 | 4 | 1,600 | $599,000 | 2026-05-04 |
| 312 NE 210th Way | single_family | 5 | 5 | 2,833 | $1,475,000 | 2026-04-30 |
| 2156 NE 187th St | single_family | 5 | 3 | 2,462 | $1,650,000 | 2026-02-10 |
| 617 NE 191st St | single_family | 5 | 4 | 2,702 | $1,150,000 | 2026-02-02 |
| 1860 NE 199th St | single_family | 5 | 3 | 2,883 | $1,729,000 | 2026-02-02 |
| 19501 Ambassador Ct | single_family | 5 | 5 | 4,780 | $2,757,000 | 2026-01-12 |
| 20335 NE 20th Ct | single_family | 5 | 7 | 3,277 | $2,100,000 | 2025-12-24 |
| 1990 NE 197th Ter | single_family | 5 | 4 | 2,337 | $1,300,000 | 2025-12-22 |
| 20101 NE 20th Ct | single_family | 5 | 3 | 2,584 | $1,370,000 | 2025-12-18 |
| 2131 NE 202nd St | single_family | 5 | 3 | 4,180 | $1,840,000 | 2025-12-11 |
| 2011 NE 211th St | single_family | 5 | 2 | 2,767 | $1,305,000 | 2025-11-13 |
| 1930 NE 193rd St | single_family | 5 | 5 | 5,285 | $2,500,000 | 2025-11-03 |
| 1330 NE 212th Ter | single_family | 5 | 3 | 1,782 | $480,000 | 2025-10-03 |
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 |
|---|---|---|---|---|---|---|
| 19200 NE 14th Ct | single_family | 5 | 5 | 4,336 | $3,188,990 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 4,119 | $2,985,990 | — |
| 1875 NE 193rd St | single_family | 5 | 5 | 3,360 | $4,099,000 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 4,095 | $2,795,990 | — |
| 19613 NE 14th Ave | single_family | 5 | 5 | 4,336 | $3,188,990 | — |
| 19662 NE 14th Ct | single_family | 5 | 4 | 4,095 | $2,865,890 | — |
| 19200 NE 14th Ct | single_family | 5 | 4 | 3,550 | $2,590,990 | — |
| 19617 NE 14th Ave | single_family | 5 | 4 | 4,119 | $3,031,265 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,729,181 | $58,697 | -$112,253 | $2,096,769 | $632,412 |
| 2 | $2,811,056 | $60,853 | -$110,284 | $2,072,208 | $738,848 |
| 3 | $2,895,388 | $63,084 | -$108,245 | $2,045,960 | $849,428 |
| 4 | $2,982,249 | $65,392 | -$106,134 | $2,017,910 | $964,339 |
| 5 | $3,071,717 | $67,779 | -$103,948 | $1,987,934 | $1,083,783 |
| 6 | $3,163,868 | $70,248 | -$101,685 | $1,955,899 | $1,207,970 |
| 7 | $3,258,784 | $72,803 | -$99,343 | $1,921,664 | $1,337,121 |
| 8 | $3,356,548 | $75,445 | -$96,917 | $1,885,078 | $1,471,470 |
| 9 | $3,457,244 | $78,178 | -$94,407 | $1,845,980 | $1,611,265 |
| 10 | $3,560,962 | $81,005 | -$91,808 | $1,804,197 | $1,756,765 |