| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $419,500 |
| Down payment (20.0%) | $83,900 |
| Loan amount | $335,600 |
| Closing costs (5.0%) | $20,975 |
| Total cash to close | $104,875 |
| Income | |
| Rent (comp-derived) | $2,950$35,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,714$32,568 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $664$7,971 |
| Insurance (placeholder 0.8% of price) | $280$3,356 |
| HOA dues | $585$7,020 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $148$1,770 |
| Total operating expenses | $1,676$20,117 |
| 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) | $148$1,770 |
| 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 | 2 | 993 | $2,450 | 2026-08-21 | — | |
| condos | 3 | 2 | 1,190 | $2,850 | 2026-08-20 | — | |
| condos | 3 | 2 | 993 | $2,650 | 2026-08-18 | — | |
| condos | 3 | 3 | 1,790 | $3,200 | 2026-08-17 | — | |
| condos | 3 | 3 | 1,486 | $2,800 | 2026-08-16 | — | |
| condos | 3 | 2 | 1,190 | $2,600 | 2026-07-23 | — | |
| condos | 3 | 2 | 1,400 | $2,600 | 2026-07-14 | — | |
| condos | 3 | 2 | 1,384 | $2,900 | 2026-06-17 | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,659 | — | — | |
| apartment | 3 | 2 | 1,355 | $2,884 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,795 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,795 | — | — | |
| apartment | 3 | 2 | 1,269 | $2,857 | — | — | |
| apartment | 3 | 2 | 1,269 | $2,877 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,850 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,850 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,950 | — | — | |
| apartment | 3 | 2 | 1,488 | $2,850 | — | — | |
| apartment | 3 | 2 | 1,260 | $3,038 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| apartment | 3 | 2 | 1,048 | $2,602 | — | — | |
| condos | 3 | 2 | 1,400 | $3,000 | 2026-08-26 | — | |
| apartment | 3 | 2 | 1,355 | $2,900 | — | — | |
| apartment | 3 | 2 | 1,394 | $3,148 | — | — | |
| apartment | 3 | 2 | 1,394 | $3,230 | — | — | |
| apartment | 3 | 2 | 1,355 | $3,032 | — | — | |
| apartment | 3 | 2 | 1,355 | $3,053 | — | — | |
| apartment | 3 | 2 | 1,394 | $3,204 | — | — | |
| apartment | 3 | 2 | 1,355 | $3,206 | — | — | |
| apartment | 3 | 2 | 1,355 | $3,233 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,495 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,485 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,505 | — | — | |
| apartment | 3 | 2 | 1,394 | $3,267 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,490 | — | — | |
| apartment | 3 | 2 | 1,406 | $3,493 | — | — | |
| apartment | 3 | 2 | 1,488 | $3,323 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,275 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,575 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,595 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,575 | — | — | |
| apartment | 3 | 2 | 1,363 | $3,645 | — | — | |
| condos | 3 | 2 | 1,384 | $2,700 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 9808 Hammocks Blvd Unit 203-23 | condos | 3 | 2 | 993 | $280,000 | 2026-07-10 |
| 10390 SW 154th Cir Ct Apt 78 | condos | 3 | 2 | 1,260 | $350,000 | 2026-06-12 |
| 15500 SW 136th St Unit 202 | condos | 3 | 3 | 1,486 | $405,000 | 2026-04-15 |
| 9704 Hammocks Blvd Apt 201 | condos | 3 | 2 | 993 | $295,000 | 2026-03-31 |
| 5867536963 | condos | 3 | 2 | — | $290,000 | 2026-03-25 |
| 16530 SW 96th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,490 | $499,000 | 2026-03-13 |
| 9710 Hammocks Blvd Unit 103-31 | condos | 3 | 2 | 1,093 | $300,000 | 2026-03-10 |
| 15560 SW 136th St Unit 3-206 | condos | 3 | 3 | 1,481 | $405,000 | 2026-01-23 |
| 15081 SW 113th Ter | condo_townhome_rowhome_coop | 3 | 3 | 1,506 | $485,000 | 2026-01-22 |
| 9808 Hammocks Blvd Unit 102-23 | condos | 3 | 2 | 993 | $290,000 | 2025-12-16 |
| 15650 SW 136th St Unit 110 | condos | 3 | 2 | 1,384 | $420,000 | 2025-12-16 |
| 9728 Hammocks Blvd Unit 201-27 | condos | 3 | 2 | 993 | $295,000 | 2025-11-24 |
| 9087 SW 153rd Ct | condo_townhome_rowhome_coop | 3 | 3 | 1,678 | $450,000 | 2025-11-20 |
| 9704 Hammocks Blvd Apt 103 | condos | 3 | 2 | 993 | $295,000 | 2025-10-23 |
| 15540 SW 136th St Unit 212 | condos | 3 | 3 | 1,262 | $460,000 | 2025-09-12 |
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 |
|---|---|---|---|---|---|---|
| 10273 SW 162nd Ct | townhomes | 3 | 2 | 1,315 | $535,000 | — |
| 15046 SW 148th Pl | single_family | 3 | 3 | 1,831 | $799,900 | — |
| 15316 SW 111th St | single_family | 3 | 3 | 1,638 | $524,900 | — |
| 10880 SW 149th Pl | single_family | 3 | 3 | 1,828 | $664,900 | — |
| 9872 Hammocks Blvd Unit 105-51 | townhomes | 3 | 3 | 1,364 | $375,000 | — |
| 9352 SW 166th Ct | single_family | 3 | 3 | 2,319 | $750,000 | — |
| 9716 Hammocks Blvd Apt 101 | condos | 3 | 2 | 993 | $355,000 | — |
| 9232 SW 171st Ct | single_family | 3 | 2 | 2,120 | $720,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $432,085 | $12,452 | -$15,198 | $331,961 | $100,124 |
| 2 | $445,048 | $12,926 | -$14,769 | $328,073 | $116,975 |
| 3 | $458,399 | $13,416 | -$14,323 | $323,917 | $134,482 |
| 4 | $472,151 | $13,925 | -$13,861 | $319,476 | $152,675 |
| 5 | $486,315 | $14,451 | -$13,383 | $314,730 | $171,585 |
| 6 | $500,905 | $14,995 | -$12,887 | $309,658 | $191,247 |
| 7 | $515,932 | $15,559 | -$12,374 | $304,238 | $211,694 |
| 8 | $531,410 | $16,142 | -$11,842 | $298,446 | $232,964 |
| 9 | $547,352 | $16,746 | -$11,290 | $292,256 | $255,097 |
| 10 | $563,773 | $17,371 | -$10,719 | $285,641 | $278,132 |