| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $698,890 |
| Down payment (20.0%) | $139,778 |
| Loan amount | $559,112 |
| Closing costs (5.0%) | $34,945 |
| Total cash to close | $174,723 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,436$29,229 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,241$26,890 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,107$13,279 |
| Insurance (placeholder 0.8% of price) | $466$5,591 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $122$1,461 |
| Total operating expenses | $1,694$20,331 |
| 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) | $122$1,461 |
| 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 | 5 | 3 | — | $4,540 | 2026-05-21 | — |
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 |
|---|---|---|---|---|---|---|
| 1025 NW 5th St | townhomes | 3 | 3 | 1,425 | $274,000 | 2026-08-31 |
| 1533 NW 2nd St | townhomes | 4 | 3 | 1,717 | $426,540 | 2026-08-28 |
| 914 SE 18th St | townhomes | 3 | 3 | 1,542 | $380,000 | 2026-08-28 |
| 687 SW 10th St | townhomes | 4 | 3 | 1,799 | $290,000 | 2026-08-28 |
| 669 SW 11th St | townhomes | 3 | 3 | 1,466 | $295,000 | 2026-08-25 |
| 475 NE 5th Ln | townhomes | 3 | 3 | 1,272 | $299,800 | 2026-08-24 |
| 1513 NE 4 Ct | townhomes | 3 | 3 | 1,334 | $365,990 | 2026-08-21 |
| 1241 SW 8th Ct | townhomes | 3 | 3 | 1,446 | $363,990 | 2026-08-20 |
| 1232 NE 5th Ct | townhomes | 3 | 3 | 1,380 | $345,000 | 2026-08-17 |
| 34521 SW 191st Ct | townhomes | 4 | 2 | 1,666 | $400,000 | 2026-08-13 |
| 552 NE 5th Way | townhomes | 3 | 2 | 1,315 | $285,000 | 2026-08-12 |
| 35939 SW 178th Ct | townhomes | 4 | 2 | 1,807 | $408,400 | 2026-08-12 |
| 34504 SW 191st Ct | townhomes | 3 | 2 | 1,558 | $386,000 | 2026-08-10 |
| 1009 NW 4th Ter | townhomes | 3 | 3 | 1,425 | $340,000 | 2026-08-10 |
| 441 NE 12th St | townhomes | 4 | 3 | 1,580 | $428,000 | 2026-08-07 |
| 1462 NE 4th Ave | townhomes | 3 | 3 | 1,382 | $377,000 | 2026-08-07 |
| 453 NE 12th St | townhomes | 3 | 2 | 1,440 | $433,000 | 2026-08-07 |
| 319 NE 12th St | townhomes | 3 | 2 | 1,456 | $432,500 | 2026-08-04 |
| 1220 NE 5th Ct | townhomes | 3 | 3 | 1,380 | $335,000 | 2026-07-31 |
| 1762 SE 9th Ave | townhomes | 3 | 2 | 1,488 | $350,000 | 2026-07-30 |
| 767 SE 18th St | townhomes | 3 | 3 | 1,628 | $339,900 | 2026-07-28 |
| 451 NW 12th Ave | townhomes | 4 | 3 | 1,730 | $390,000 | 2026-07-24 |
| 825 SW 12th St | townhomes | 3 | 3 | 1,472 | $385,500 | 2026-07-24 |
| 1754 SE 8th Ter | townhomes | 4 | 3 | 1,757 | $417,000 | 2026-07-24 |
| 1489 NE 4th Ave | townhomes | 3 | 3 | 1,460 | $382,990 | 2026-07-22 |
| 916 SE 17th Ct | townhomes | 3 | 3 | 1,542 | $300,000 | 2026-07-22 |
| 636 SW 11th St | townhomes | 4 | 3 | 1,799 | $300,000 | 2026-07-20 |
| 18941 SW 344th Ter | townhomes | 3 | 2 | 1,558 | $385,000 | 2026-07-17 |
| 1435 NE 4th Ave | townhomes | 3 | 3 | 1,382 | $373,000 | 2026-07-14 |
| 243 SW 6th Ln | townhomes | 2 | 2 | 1,140 | $260,000 | 2026-07-07 |
| 35829 SW 178th Ct | townhomes | 3 | 2 | 1,682 | $407,200 | 2026-07-02 |
| 590 NW 10th Ct | townhomes | 3 | 2 | 1,715 | $322,000 | 2026-07-01 |
| 922 NW 10th St | townhomes | 4 | 3 | 1,736 | $449,900 | 2026-06-30 |
| 1256 SW 8th Ct | townhomes | 3 | 3 | 1,472 | $392,990 | 2026-06-30 |
| 1508 NE 3rd Ave | townhomes | 3 | 3 | 1,456 | $396,500 | 2026-06-30 |
| 1412 NE 4th Ave | townhomes | 4 | 3 | 1,582 | $404,000 | 2026-06-30 |
| 909 SW 6th Pl | townhomes | 3 | 3 | 1,527 | $285,000 | 2026-06-30 |
| 34508 SW 191st Ct | townhomes | 4 | 2 | 1,666 | $395,000 | 2026-06-30 |
| 1406 NE 4th Ave | townhomes | 3 | 3 | 1,460 | $380,500 | 2026-06-30 |
| 1216 SW 8th Ct | townhomes | 3 | 3 | 1,446 | $361,000 | 2026-06-30 |
| 1350 NE 4th Ave | townhomes | 4 | 3 | 1,582 | $404,500 | 2026-06-30 |
| 1365 NE 4th Ave | townhomes | 3 | 3 | 1,382 | $383,000 | 2026-06-29 |
| 19061 SW 344th Ter | townhomes | 4 | 3 | 1,666 | $395,000 | 2026-06-29 |
| 1417 NE 4th Ave | townhomes | 3 | 3 | 1,382 | $373,500 | 2026-06-29 |
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 |
|---|---|---|---|---|---|---|
| 33734 SW 195 Ave | townhomes | 5 | 4 | 2,987 | $704,990 | — |
| 19583 SW 337th Ter | single_family | 5 | 3 | 2,665 | $682,990 | — |
| SW 336 St & SW 194 Ave | single_family | 5 | 3 | 2,665 | $603,990 | — |
| 19454 SW 338th Ter | single_family | 5 | 3 | 2,665 | $637,640 | — |
| 34817 SW 189th Pl | single_family | 5 | 3 | 2,456 | $624,990 | — |
| 33764 SW 195 Ave | single_family | 5 | 4 | 2,987 | $699,990 | — |
| SW 336 St & SW 194 Ave | townhomes | 5 | 3 | 2,987 | $679,990 | — |
| 19573 SW 338th Ter | single_family | 5 | 4 | 2,987 | $689,990 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $719,857 | $6,559 | -$38,019 | $553,050 | $166,807 |
| 2 | $741,452 | $6,857 | -$37,757 | $546,572 | $194,881 |
| 3 | $763,696 | $7,167 | -$37,484 | $539,649 | $224,047 |
| 4 | $786,607 | $7,489 | -$37,201 | $532,250 | $254,357 |
| 5 | $810,205 | $7,823 | -$36,906 | $524,344 | $285,862 |
| 6 | $834,511 | $8,170 | -$36,599 | $515,894 | $318,617 |
| 7 | $859,547 | $8,530 | -$36,281 | $506,864 | $352,682 |
| 8 | $885,333 | $8,904 | -$35,949 | $497,214 | $388,119 |
| 9 | $911,893 | $9,292 | -$35,605 | $486,902 | $424,991 |
| 10 | $939,250 | $9,695 | -$35,247 | $475,881 | $463,369 |