| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,400,900 |
| Down payment (20.0%) | $280,180 |
| Loan amount | $1,120,720 |
| Closing costs (5.0%) | $70,045 |
| Total cash to close | $350,225 |
| Income | |
| Rent (comp-derived) | $3,950$47,400 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,634$43,608 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,218$26,617 |
| Insurance (placeholder 0.8% of price) | $934$11,207 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $198$2,370 |
| Total operating expenses | $3,350$40,194 |
| 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) | $198$2,370 |
| 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 | 1 | 1 | 1,048 | $3,000 | 2026-08-17 | — | |
| condos | 1 | 2 | 1,091 | $3,300 | 2026-08-11 | — | |
| condos | 1 | 1 | 1,087 | $1,500 | 2026-08-10 | — | |
| condos | 1 | 2 | 1,066 | $3,199 | 2026-07-27 | — | |
| condos | 1 | 2 | 1,173 | $4,800 | 2026-07-23 | — | |
| condos | 1 | 1 | 1,048 | $2,800 | 2026-07-22 | — | |
| condos | 1 | 1 | 1,048 | $3,200 | 2026-07-20 | — | |
| condos | 1 | 1 | 1,203 | $4,500 | 2026-07-13 | — | |
| condos | 1 | 2 | 1,185 | $5,150 | 2026-07-01 | — | |
| condos | 1 | 2 | 1,048 | $3,200 | 2026-06-22 | — | |
| condos | 1 | 2 | 1,048 | $3,300 | 2026-06-18 | — | |
| apartment | 1 | 2 | 1,359 | $6,500 | 2026-06-17 | — | |
| condos | 1 | 2 | 1,675 | $7,000 | 2026-06-10 | — | |
| condos | 1 | 2 | 1,140 | $2,950 | 2026-06-08 | — | |
| condos | 1 | 2 | 1,044 | $2,800 | 2026-06-02 | — | |
| condos | 1 | 2 | 1,094 | $4,000 | 2026-05-14 | — | |
| condos | 1 | 2 | 1,042 | $4,400 | 2026-05-07 | — | |
| condos | 1 | 2 | 1,066 | $3,300 | 2026-05-01 | — | |
| condos | 1 | 2 | 1,254 | $5,550 | 2026-08-04 | — | |
| condos | 1 | 2 | 1,094 | $3,900 | 2026-08-24 | — | |
| condos | 1 | 2 | 1,060 | $5,700 | 2026-08-23 | — | |
| condos | 1 | 2 | 1,153 | $3,400 | 2026-02-26 | — | |
| condos | 1 | 2 | 1,318 | $5,200 | 2026-08-23 | — | |
| condos | 1 | 2 | 1,216 | $6,000 | 2026-08-25 | — | |
| apartment | 1 | 2 | 1,185 | $4,995 | — | — | |
| condos | 1 | 2 | 1,216 | $5,950 | 2026-08-28 | — | |
| condos | 1 | 2 | 1,190 | $5,500 | 2026-08-30 | — | |
| condos | 1 | 2 | 1,138 | $3,200 | 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 |
|---|---|---|---|---|---|---|
| 851 NE 1st Ave Unit 3800 | condos | 1 | 2 | 1,018 | $540,000 | 2026-08-24 |
| 1800 N Bayshore Dr Apt 1908 | condos | 1 | 1 | 839 | $355,000 | 2026-08-21 |
| 1800 N Bayshore Dr Apt 1208 | condos | 1 | 1 | 839 | $350,000 | 2026-08-20 |
| 888 Biscayne Blvd Apt 3506 | condos | 1 | 2 | 948 | $585,000 | 2026-08-20 |
| 488 NE 18th St Unit 4005 | condos | 1 | 2 | 743 | $535,000 | 2026-08-18 |
| 1800 N Bayshore Dr Apt 4106 | condos | 1 | 1 | 822 | $377,000 | 2026-08-18 |
| 900 Biscayne Blvd Apt 2907 | condos | 1 | 2 | 938 | $675,000 | 2026-08-18 |
| 227 NE 2nd St Apt 1909 | condos | 1 | 1 | 549 | $395,000 | 2026-08-06 |
| 488 NE 18th St Unit 2802 | condos | 1 | 2 | 766 | $485,000 | 2026-08-01 |
| 1750 N Bayshore Dr Apt 4506 | condos | 1 | 1 | 821 | $308,000 | 2026-07-27 |
| 1750 N Bayshore Dr Apt 5105 | condos | 1 | 1 | 825 | $320,000 | 2026-07-15 |
| 1600 NE 1st Ave Apt 3012 | condos | 1 | 2 | 850 | $400,000 | 2026-07-09 |
| 900 Biscayne Blvd Apt 2910 | condos | 1 | 2 | 1,031 | $590,000 | 2026-07-09 |
| 1900 N Bayshore Dr Apt 506 | condos | 1 | 1 | 816 | $417,000 | 2026-07-08 |
| 253 NE 2nd St Apt 1107 | condos | 1 | 1 | 802 | $392,500 | 2026-07-02 |
| 133 NE 2nd Ave Apt 611 | condos | 1 | 1 | 651 | $248,000 | 2026-06-24 |
| 398 NE 5th St Apt 2403 | condos | 1 | 1 | 490 | $415,000 | 2026-06-24 |
| 275 NE 18th St Apt 1806 | condos | 1 | 1 | 749 | $355,000 | 2026-06-23 |
| 1750 N Bayshore Dr Apt 2109 | condos | 1 | 1 | 825 | $295,000 | 2026-06-22 |
| 900 Biscayne Blvd Apt 3110 | condos | 1 | 2 | 1,031 | $610,000 | 2026-06-22 |
| 601 NE 1st Ave Unit 3704 | condos | 1 | 1 | — | $460,000 | 2026-06-18 |
| 275 NE 18th St Apt 901 | condos | 1 | 1 | 734 | $315,000 | 2026-06-16 |
| 133 NE 2nd Ave Apt 2015 | condos | 1 | 1 | 651 | $290,000 | 2026-06-16 |
| 900 Biscayne Blvd Apt 5104 | condos | 1 | 2 | 938 | $670,000 | 2026-06-12 |
| 133 NE 2nd Ave Apt 2515 | condos | 1 | 1 | 651 | $275,800 | 2026-06-09 |
| 1040 Biscayne Blvd Apt 4208 | condos | 1 | 2 | 1,029 | $530,000 | 2026-06-09 |
| 1900 N Bayshore Dr Apt 505 | condos | 1 | 1 | 811 | $412,000 | 2026-06-08 |
| 1600 NE 1st Ave Apt 1011 | condos | 1 | 2 | — | $400,000 | 2026-06-04 |
| 851 NE 1st Ave Unit 2102 | condos | 1 | 2 | 937 | $525,000 | 2026-06-02 |
| 133 NE 2nd Ave Apt 1905 | condos | 1 | 1 | 651 | $290,000 | 2026-06-01 |
| 159 NE 6th St Unit 2607 | condos | 1 | 1 | 505 | $452,500 | 2026-05-29 |
| 244 Biscayne Blvd Apt 2306 | condos | 1 | 1 | 806 | $365,000 | 2026-05-22 |
| 244 Biscayne Blvd Apt 3104 | condos | 1 | 1 | 806 | $390,000 | 2026-05-22 |
| 1800 N Bayshore Dr Apt 3206 | condos | 1 | 1 | 822 | $365,000 | 2026-05-19 |
| 1750 N Bayshore Dr Apt 2804 | condos | 1 | 1 | 791 | $320,000 | 2026-05-18 |
| 133 NE 2nd Ave Apt 2611 | condos | 1 | 1 | 651 | $289,900 | 2026-05-18 |
| 601 NE 1st Ave Unit 4407 | condos | 1 | 1 | 550 | $420,000 | 2026-05-15 |
| 133 NE 2nd Ave Apt 1410 | condos | 1 | 1 | 620 | $280,000 | 2026-05-15 |
| 888 Biscayne Blvd Apt 4011 | condos | 1 | 2 | 845 | $540,000 | 2026-05-13 |
| 488 NE 18th St Unit 4605 | condos | 1 | 2 | 743 | $510,000 | 2026-05-05 |
| 1900 N Bayshore Dr Apt 3616 | condos | 1 | 2 | 867 | $417,500 | 2026-05-01 |
| 1040 Biscayne Blvd Apt 3508 | condos | 1 | 2 | 808 | $385,000 | 2026-04-30 |
| 398 NE 5th St Apt 3008 | condos | 1 | 1 | 430 | $450,000 | 2026-04-23 |
| 398 NE 5th St Apt 4507 | condos | 1 | 1 | 442 | $520,000 | 2026-04-23 |
| 1717 N Bayshore Dr Unit A1439 | condos | 1 | 2 | 1,066 | $410,000 | 2026-04-21 |
| 398 NE 5th St Apt 1905 | condos | 1 | 1 | 442 | $420,000 | 2026-04-20 |
| 1900 N Bayshore Dr Apt 1708 | condos | 1 | 1 | 837 | $375,000 | 2026-04-16 |
| 227 NE 2nd St Apt 2601 | condos | 1 | 1 | 455 | $385,000 | 2026-04-15 |
| 1717 N Bayshore Dr Unit A2637 | condos | 1 | 2 | 1,048 | $555,000 | 2026-04-15 |
| 1750 N Bayshore Dr Apt 3612 | condos | 1 | 1 | 791 | $322,000 | 2026-04-14 |
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 |
|---|---|---|---|---|---|---|
| 1750 N Bayshore Dr Apt 3403 | condos | 1 | 1 | 791 | $362,000 | — |
| 851 NE 1st Ave Unit 2110 | condos | 1 | 2 | 1,185 | $730,000 | — |
| 121 NE 5th St Apt 2908 | condos | 1 | 1 | 606 | $525,000 | — |
| 1600 NE 1st Ave Apt 3614 | condos | 1 | 2 | 857 | $469,000 | — |
| 900 Biscayne Blvd Apt 3803 | condos | 1 | 2 | 912 | $750,000 | — |
| 398 NE 5th St Apt 1407 | condos | 1 | 1 | 442 | $795,000 | — |
| 159 NE 6th St Unit 3108 | condos | 1 | 1 | 832 | $510,000 | — |
| 1600 NE 1st Ave Apt 2405 | condos | 1 | 2 | 867 | $505,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,442,927 | $3,414 | -$85,381 | $1,108,569 | $334,358 |
| 2 | $1,486,215 | $3,717 | -$85,137 | $1,095,583 | $390,631 |
| 3 | $1,530,801 | $4,035 | -$84,880 | $1,081,706 | $449,095 |
| 4 | $1,576,725 | $4,367 | -$84,610 | $1,066,876 | $509,849 |
| 5 | $1,624,027 | $4,714 | -$84,326 | $1,051,027 | $573,000 |
| 6 | $1,672,748 | $5,077 | -$84,029 | $1,034,090 | $638,658 |
| 7 | $1,722,930 | $5,457 | -$83,716 | $1,015,990 | $706,940 |
| 8 | $1,774,618 | $5,854 | -$83,388 | $996,647 | $777,971 |
| 9 | $1,827,857 | $6,268 | -$83,044 | $975,976 | $851,881 |
| 10 | $1,882,692 | $6,701 | -$82,683 | $953,885 | $928,808 |