| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,495,000 |
| Down payment (20.0%) | $299,000 |
| Loan amount | $1,196,000 |
| Closing costs (5.0%) | $74,750 |
| Total cash to close | $373,750 |
| Income | |
| Rent (estimate) | $10,376$124,513 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,546$114,552 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,367$28,405 |
| Insurance (placeholder 0.8% of price) | $997$11,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $519$6,226 |
| Total operating expenses | $3,883$46,591 |
| 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) | $519$6,226 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 426 NW 13th Ave Apt 2 | multi_family | 8 | 4 | 3,722 | $1,283,000 | 2026-07-13 |
| 911 NW 22nd Pl | multi_family | 8 | — | 3,244 | $900,000 | 2026-06-22 |
| 1229 NW 5th St | multi_family | 8 | 8 | 2,964 | $1,400,000 | 2026-06-02 |
| 1237 NW 5th St | multi_family | 8 | 5 | 2,759 | $1,400,000 | 2026-06-02 |
| 1429 NW 2nd St | multi_family | 8 | 6 | 4,086 | $1,380,000 | 2026-05-14 |
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 |
|---|---|---|---|---|---|---|
| 1717 NW 16th St | multi_family | 8 | 4 | 2,975 | $1,200,000 | — |
| 1968 NW 25th Ave | multi_family | 8 | 6 | 4,248 | $1,295,000 | — |
| 720 NW 30th Ave | single_family | 8 | 8 | 2,767 | $1,100,000 | — |
| 3524 NW 4th Ter | multi_family | 8 | 8 | 4,350 | $1,399,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,539,850 | $67,961 | -$30,494 | $1,183,033 | $356,817 |
| 2 | $1,586,046 | $70,233 | -$28,378 | $1,169,175 | $416,871 |
| 3 | $1,633,627 | $72,579 | -$26,192 | $1,154,365 | $479,261 |
| 4 | $1,682,636 | $75,001 | -$23,933 | $1,138,539 | $544,097 |
| 5 | $1,733,115 | $77,502 | -$21,600 | $1,121,626 | $611,489 |
| 6 | $1,785,108 | $80,084 | -$19,190 | $1,103,551 | $681,557 |
| 7 | $1,838,661 | $82,750 | -$16,700 | $1,084,235 | $754,426 |
| 8 | $1,893,821 | $85,503 | -$14,127 | $1,063,593 | $830,228 |
| 9 | $1,950,636 | $88,345 | -$11,470 | $1,041,533 | $909,103 |
| 10 | $2,009,155 | $91,279 | -$8,726 | $1,017,958 | $991,197 |