| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $49,900,000 |
| Down payment (20.0%) | $9,980,000 |
| Loan amount | $39,920,000 |
| Closing costs (5.0%) | $2,495,000 |
| Total cash to close | $12,475,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,504$30,049 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,304$27,645 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $79,008$948,100 |
| Insurance (placeholder 0.8% of price) | $33,267$399,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,502 |
| Total operating expenses | $112,400$1,348,802 |
| 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) | $125$1,502 |
| 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 | 0 | 1 | — | $1,800 | — | — |
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 |
|---|---|---|---|---|---|---|
| 7815 Atlantic Way | single_family | 5 | 7 | 5,868 | $22,000,000 | 2026-09-02 |
| 1405 Stillwater Dr | single_family | 4 | 3 | 3,019 | $3,975,000 | 2026-08-28 |
| 545 S Shore Dr | single_family | 4 | 5 | 3,375 | $2,700,000 | 2026-08-28 |
| 8055 Noremac Ave | single_family | 3 | 4 | 2,922 | $4,850,000 | 2026-08-26 |
| 970 S Shore Dr | single_family | 4 | 5 | 3,016 | $3,300,000 | 2026-08-17 |
| 1311 Bay Dr | single_family | 5 | 5 | 2,842 | $2,950,000 | 2026-08-14 |
| 7770 Hawthorne Ave | single_family | 3 | 2 | 1,978 | $2,450,000 | 2026-08-07 |
| 717 85th St | single_family | 2 | 1 | 1,296 | $200,000 | 2026-08-05 |
| 1040 S Shore Dr | single_family | 5 | 5 | 5,647 | $4,400,000 | 2026-08-03 |
| 7724 Hawthorne Ave | single_family | 5 | 5 | 3,000 | $2,375,000 | 2026-07-31 |
| 1410 Cleveland Rd | single_family | 3 | 2 | 2,592 | $2,650,000 | 2026-07-27 |
| 425 N Shore Dr | single_family | 4 | 3 | 4,502 | $7,000,000 | 2026-07-27 |
| 6535 Allison Rd | single_family | 6 | 6 | 5,809 | $12,950,000 | 2026-07-21 |
| 7544 Adventure Ave | single_family | 4 | 3 | 1,574 | $980,000 | 2026-07-17 |
| 905 Fairway Dr | single_family | 2 | 2 | 2,122 | $2,245,000 | 2026-07-15 |
| 7975 Crespi Blvd Apt 2 | single_family | 1 | 1 | 657 | $268,000 | 2026-07-01 |
| 11 LA Gorce Cir | single_family | 5 | 6 | 5,656 | $10,500,000 | 2026-06-30 |
| 17 LA Gorce Cir | single_family | 6 | 6 | 5,135 | $9,750,000 | 2026-06-25 |
| 6693 Windsor Ln | single_family | 5 | 4 | 3,695 | $5,950,000 | 2026-06-25 |
| 1323 Cleveland Rd | single_family | 4 | 3 | 2,011 | $2,100,000 | 2026-06-22 |
| 1351 Stillwater Dr | single_family | 5 | 6 | 3,798 | $7,500,000 | 2026-06-18 |
| 1555 71st St | single_family | 3 | 2 | 1,784 | $910,500 | 2026-06-12 |
| 7532 Hispanola Ave | single_family | 3 | 2 | 1,834 | $1,250,000 | 2026-06-11 |
| 7431 Coquina Dr | single_family | 3 | 3 | 1,948 | $1,656,000 | 2026-06-05 |
| 1409 Biarritz Dr | single_family | 3 | 1 | 1,675 | $1,300,000 | 2026-06-05 |
| 1594 Biarritz Dr | single_family | 2 | 2 | 1,320 | $800,000 | 2026-06-04 |
| 7950 Biscayne Point Cir | single_family | 3 | 3 | 3,228 | $9,000,000 | 2026-06-01 |
| 1500 Biarritz Dr | single_family | 3 | 3 | 2,684 | $1,550,000 | 2026-05-26 |
| 1756 71st St | single_family | 3 | 2 | 1,362 | $930,000 | 2026-05-21 |
| 6380 N Bay Rd | single_family | 4 | 4 | 4,494 | $25,500,000 | 2026-05-20 |
| 1310 Cleveland Rd | single_family | 3 | 2 | 1,656 | $2,350,000 | 2026-05-19 |
| 1275 N Biscayne Point Rd | single_family | 4 | 3 | 2,523 | $7,200,000 | 2026-05-18 |
| 235 N Shore Dr | single_family | 3 | 2 | 2,503 | $5,300,000 | 2026-05-13 |
| 1825 Cleveland Rd | single_family | 5 | 6 | 4,473 | $9,000,000 | 2026-05-11 |
| 330 N Shore Dr | single_family | 2 | 2 | 1,700 | $1,500,000 | 2026-05-01 |
| 6465 Pinetree Drive Cir | single_family | 5 | 5 | 4,432 | $12,200,000 | 2026-04-24 |
| 1855 Daytonia Rd | single_family | 3 | 2 | 2,828 | $2,400,000 | 2026-04-24 |
| 1185 Biarritz Dr | single_family | 2 | 1 | 1,608 | $1,150,000 | 2026-04-24 |
| 765 N Shore Dr | single_family | 4 | 3 | 3,650 | $5,900,000 | 2026-04-15 |
| 1201 S Biscayne Point Rd | single_family | 3 | 3 | 1,505 | $1,450,000 | 2026-04-10 |
| 7710 Beachview Dr | single_family | 3 | 2 | 1,560 | $1,575,000 | 2026-04-10 |
| 7027 Trouville Esplanade | single_family | 2 | 2 | 1,345 | $855,000 | 2026-04-09 |
| 7431 Center Bay Dr | single_family | 3 | 3 | 2,926 | $1,900,000 | 2026-04-09 |
| 1750 Bay Dr | single_family | 5 | 4 | 4,428 | $9,450,000 | 2026-04-09 |
| 7560 W Treasure Dr | single_family | 3 | 2 | 1,591 | $500,000 | 2026-04-08 |
| 1810 Daytonia Rd | single_family | 3 | 3 | 5,466 | $7,050,000 | 2026-04-07 |
| 1205 N Biscayne Point Rd | single_family | 3 | 3 | 2,764 | $6,300,000 | 2026-04-07 |
| 1681 Bay Dr | single_family | 4 | 1 | 1,939 | $840,000 | 2026-03-30 |
| 7830 Hawthorne Ave | single_family | 2 | 2 | 1,455 | $1,500,000 | 2026-03-27 |
| 1721 S Treasure Dr | single_family | 3 | 2 | 2,036 | $1,090,000 | 2026-03-25 |
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 |
|---|---|---|---|---|---|---|
| 7928 Harding Ave Apt 3 | condos | 0 | 1 | 394 | $180,000 | — |
| 7720 Harding Ave Apt 8 | condos | 0 | 1 | 406 | $130,000 | — |
| 6490 Collins Ave Apt 14 | condos | 0 | 1 | 375 | $145,000 | — |
| 6484 Indian Creek Dr Apt 111 | condos | 0 | 1 | — | $100,000 | — |
| 300 74th St Apt 6 | condos | 0 | 1 | 468 | $215,000 | — |
| 6498 Collins Ave Apt 41 | condos | 0 | 1 | 370 | $168,000 | — |
| 6484 Indian Creek Dr Apt 320 | condos | 0 | 1 | — | $153,000 | — |
| 6484 Indian Creek Dr Apt 238 | condos | 0 | 1 | — | $150,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $51,397,000 | -$1,321,157 | -$4,401,100 | $39,487,179 | $11,909,822 |
| 2 | $52,938,910 | -$1,354,048 | -$4,434,028 | $39,024,635 | $13,914,275 |
| 3 | $54,527,077 | -$1,387,757 | -$4,467,775 | $38,530,328 | $15,996,750 |
| 4 | $56,162,890 | -$1,422,304 | -$4,502,362 | $38,002,076 | $18,160,814 |
| 5 | $57,847,776 | -$1,457,711 | -$4,537,809 | $37,437,548 | $20,410,228 |
| 6 | $59,583,210 | -$1,493,998 | -$4,574,138 | $36,834,254 | $22,748,955 |
| 7 | $61,370,706 | -$1,531,188 | -$4,611,370 | $36,189,531 | $25,181,174 |
| 8 | $63,211,827 | -$1,569,302 | -$4,649,528 | $35,500,535 | $27,711,292 |
| 9 | $65,108,182 | -$1,608,365 | -$4,688,635 | $34,764,224 | $30,343,958 |
| 10 | $67,061,427 | -$1,648,399 | -$4,728,715 | $33,977,350 | $33,084,077 |