| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,450,000 |
| Down payment (20.0%) | $890,000 |
| Loan amount | $3,560,000 |
| Closing costs (5.0%) | $222,500 |
| Total cash to close | $1,112,500 |
| Income | |
| Rent (comp-derived) | $17,500$210,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $16,100$193,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,046$84,550 |
| Insurance (placeholder 0.8% of price) | $2,967$35,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $875$10,500 |
| Total operating expenses | $10,888$130,650 |
| 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) | $875$10,500 |
| 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 | 3 | 1,792 | $7,900 | 2026-07-16 | — | |
| 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 | — | |
| 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 | — |
| 175 SE 25th Rd Apt 2804 | condos | 3 | 4 | — | $3,800,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,583,500 | $62,550 | -$222,480 | $3,521,402 | $1,062,098 |
| 2 | $4,721,005 | $65,080 | -$220,213 | $3,480,153 | $1,240,852 |
| 3 | $4,862,635 | $67,702 | -$217,860 | $3,436,071 | $1,426,564 |
| 4 | $5,008,514 | $70,419 | -$215,418 | $3,388,963 | $1,619,552 |
| 5 | $5,158,770 | $73,235 | -$212,885 | $3,338,619 | $1,820,151 |
| 6 | $5,313,533 | $76,153 | -$210,257 | $3,284,818 | $2,028,715 |
| 7 | $5,472,939 | $79,177 | -$207,530 | $3,227,323 | $2,245,616 |
| 8 | $5,637,127 | $82,310 | -$204,702 | $3,165,879 | $2,471,248 |
| 9 | $5,806,241 | $85,556 | -$201,768 | $3,100,216 | $2,706,024 |
| 10 | $5,980,428 | $88,918 | -$198,725 | $3,030,044 | $2,950,384 |