| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $615,000 |
| Down payment (20.0%) | $123,000 |
| Loan amount | $492,000 |
| Closing costs (5.0%) | $30,750 |
| Total cash to close | $153,750 |
| Income | |
| Rent (comp-derived) | $6,500$78,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,980$71,760 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $974$11,685 |
| Insurance (placeholder 0.8% of price) | $410$4,920 |
| HOA dues | $316$3,792 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $325$3,900 |
| Total operating expenses | $2,025$24,297 |
| 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) | $325$3,900 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Widened to city-wide. 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 | 3 | 1,986 | $12,900 | 2026-08-20 | — | |
| single_family | 5 | 2 | 2,184 | $4,370 | 2026-08-14 | — | |
| single_family | 5 | 4 | 2,368 | $16,000 | 2026-08-12 | — | |
| single_family | 5 | 3 | 2,009 | $5,600 | 2026-08-06 | — | |
| single_family | 5 | 4 | 1,986 | $6,500 | 2026-07-08 | — | |
| single_family | 5 | 3 | 2,495 | $6,500 | 2026-07-02 | — | |
| single_family | 5 | 5 | 3,010 | $14,300 | 2026-06-26 | — | |
| single_family | 5 | 2 | 1,747 | $3,600 | 2026-06-24 | — | |
| single_family | 5 | 3 | 2,455 | $6,400 | 2026-05-29 | — | |
| single_family | 5 | 3 | 2,588 | $6,000 | 2026-05-27 | — | |
| single_family | 5 | 3 | 2,091 | $6,999 | 2026-05-11 | — | |
| single_family | 5 | 3 | 1,462 | $5,000 | 2026-04-29 | — | |
| single_family | 5 | 3 | 1,940 | $18,000 | 2026-08-25 | — | |
| single_family | 5 | 3 | 1,970 | $6,850 | 2025-10-28 | — | |
| single_family | 5 | 4 | 2,150 | $8,500 | 2025-11-25 | — | |
| single_family | 5 | 3 | 2,702 | $5,500 | — | — | |
| single_family | 5 | 2 | 1,500 | $4,400 | — | — | |
| single_family | 5 | 3 | 1,752 | $5,800 | — | — | |
| single_family | 5 | 2 | 1,898 | $5,700 | 2026-08-31 | — | |
| single_family | 5 | 4 | 2,194 | $12,500 | 2026-09-01 | — | |
| 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 |
|---|---|---|---|---|---|---|
| 2020 NW 107th St | single_family | 5 | 2 | 2,006 | $685,000 | 2026-06-12 |
| 11201 NW 15th Ct | single_family | 5 | 3 | 4,028 | $552,000 | 2026-04-16 |
| 2175 NW 111th St | single_family | 5 | 5 | 2,754 | $768,000 | 2025-12-05 |
| 2453 NW 131st Cir | single_family | 5 | 3 | 2,233 | $675,000 | 2025-10-31 |
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 |
|---|---|---|---|---|---|---|
| 2450 NW 108th St | single_family | 5 | 3 | 3,316 | $799,999 | — |
| 11715 NW 22nd Ct | multi_family | 5 | 3 | 2,266 | $785,000 | — |
| single_family | 5 | 5 | 2,166 | $1,075,000 | — | |
| 2439 NW 131st Cir | single_family | 5 | 3 | 2,233 | $665,000 | — |
| 14855 NW 16th Dr | single_family | 5 | 3 | — | $750,000 | — |
| 14321 NW 16th Ct | single_family | 5 | 5 | 1,632 | $695,000 | — |
| 1335 NW 129th St | single_family | 5 | 3 | 1,995 | $610,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $633,450 | $47,463 | $5,622 | $486,666 | $146,784 |
| 2 | $652,454 | $49,008 | $7,070 | $480,965 | $171,488 |
| 3 | $672,027 | $50,603 | $8,565 | $474,873 | $197,154 |
| 4 | $692,188 | $52,249 | $10,108 | $468,363 | $223,825 |
| 5 | $712,954 | $53,947 | $11,702 | $461,405 | $251,549 |
| 6 | $734,342 | $55,700 | $13,347 | $453,970 | $280,372 |
| 7 | $756,372 | $57,508 | $15,045 | $446,024 | $310,349 |
| 8 | $779,064 | $59,374 | $16,798 | $437,532 | $341,531 |
| 9 | $802,436 | $61,300 | $18,607 | $428,458 | $373,978 |
| 10 | $826,509 | $63,287 | $20,476 | $418,760 | $407,749 |