| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $875,000 |
| Down payment (20.0%) | $175,000 |
| Loan amount | $700,000 |
| Closing costs (5.0%) | $43,750 |
| Total cash to close | $218,750 |
| Income | |
| Rent (comp-derived) | $4,100$49,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,772$45,264 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,385$16,625 |
| Insurance (est. scaled by flood & wind risk) | $875$10,500 |
| HOA dues | $218$2,616 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $205$2,460 |
| Total operating expenses | $2,683$32,201 |
| 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) | $205$2,460 |
| 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 |
|---|---|---|---|---|---|---|---|
| townhomes | 4 | 3 | 1,509 | $4,200 | 2026-03-16 | — | |
| townhomes | 4 | 3 | 2,026 | $3,800 | 2026-07-22 | — | |
| townhomes | 4 | 4 | 2,408 | $5,100 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,894 | $4,100 | 2026-05-27 | — | |
| townhomes | 4 | 5 | 2,599 | $5,500 | 2026-08-21 | — | |
| townhomes | 4 | 4 | 1,862 | $5,000 | 2026-08-26 | — | |
| townhomes | 4 | 4 | 1,808 | $3,650 | 2026-08-25 | — | |
| townhomes | 4 | 3 | 2,214 | $3,900 | 2026-08-25 | — | |
| townhomes | 4 | 3 | 2,214 | $3,500 | 2026-05-02 | — | |
| townhomes | 4 | 3 | 1,712 | $4,000 | 2026-07-30 | — | |
| townhomes | 4 | 4 | 2,020 | $4,500 | 2026-02-24 | — | |
| townhomes | 4 | 3 | 1,904 | $3,990 | 2026-08-17 | — | |
| townhomes | 4 | 3 | 2,306 | $4,000 | 2026-04-28 | — | |
| townhomes | 4 | 3 | 1,888 | $4,350 | 2024-07-10 | — | |
| townhomes | 4 | 3 | 2,245 | $4,800 | 2026-08-14 | — | |
| townhomes | 4 | 4 | 2,020 | $4,700 | 2026-02-27 | — | |
| townhomes | 4 | 3 | 1,712 | $3,850 | 2026-07-24 | — | |
| townhomes | 4 | 3 | 1,712 | $4,100 | 2026-08-13 | — | |
| townhomes | 4 | 4 | 1,862 | $5,500 | 2026-07-01 | — | |
| townhomes | 4 | 3 | 1,904 | $4,200 | 2026-07-29 | — | |
| townhomes | 4 | 3 | 1,783 | $4,200 | 2026-08-13 | — | |
| townhomes | 4 | 4 | 2,310 | $5,000 | 2026-07-17 | — | |
| townhomes | 4 | 3 | 1,712 | $3,850 | — | — | |
| townhomes | 4 | 3 | 1,894 | $3,500 | 2026-07-27 | — | |
| townhomes | 4 | 3 | 2,206 | $3,900 | 2026-05-01 | — |
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 |
|---|---|---|---|---|---|---|
| 4552 NW 83rd Path | townhomes | 4 | 3 | 1,652 | $690,000 | 2026-07-20 |
| 8424 NW 51st Ter | townhomes | 4 | 4 | 2,456 | $980,000 | 2026-06-08 |
| 4903 NW 83rd Path | townhomes | 4 | 2 | 2,163 | $895,000 | 2026-05-13 |
| 4809 NW 83rd Pkwy | townhomes | 4 | 2 | 2,163 | $870,000 | 2026-03-27 |
| 4655 NW 83rd Path | townhomes | 4 | 3 | 1,652 | $690,000 | 2026-03-20 |
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 |
|---|---|---|---|---|---|---|
| 970 Plover Ave | single_family | 4 | 3 | 2,838 | $1,150,000 | — |
| 4605 NW 83rd Path | single_family | 4 | 4 | 2,163 | $865,000 | — |
| 25 Ludlam Dr | single_family | 4 | 4 | 2,351 | $885,000 | — |
| 1800 Miami Springs Ave | single_family | 4 | 3 | 3,160 | $1,245,000 | — |
| 325 Ludlam Dr | single_family | 4 | 5 | 2,477 | $2,500,000 | — |
| 188 Cherokee St | single_family | 4 | 5 | 3,445 | $2,600,000 | — |
| 2 Hough Dr | single_family | 4 | 5 | 3,148 | $1,620,000 | — |
| 4318 NW 81st Ave | single_family | 4 | 4 | 3,077 | $1,380,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $901,250 | $13,063 | -$43,378 | $692,410 | $208,840 |
| 2 | $928,288 | $13,616 | -$42,886 | $684,300 | $243,988 |
| 3 | $956,136 | $14,189 | -$42,376 | $675,632 | $280,504 |
| 4 | $984,820 | $14,784 | -$41,846 | $666,369 | $318,451 |
| 5 | $1,014,365 | $15,401 | -$41,295 | $656,470 | $357,895 |
| 6 | $1,044,796 | $16,041 | -$40,723 | $645,891 | $398,905 |
| 7 | $1,076,140 | $16,704 | -$40,129 | $634,586 | $441,554 |
| 8 | $1,108,424 | $17,392 | -$39,513 | $622,504 | $485,920 |
| 9 | $1,141,677 | $18,105 | -$38,873 | $609,593 | $532,084 |
| 10 | $1,175,927 | $18,845 | -$38,208 | $595,795 | $580,132 |