| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $8,250,000 |
| Down payment (20.0%) | $1,650,000 |
| Loan amount | $6,600,000 |
| Closing costs (5.0%) | $412,500 |
| Total cash to close | $2,062,500 |
| Income | |
| Rent (comp-derived) | $12,000$144,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $11,040$132,480 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $13,063$156,750 |
| Insurance (placeholder 0.8% of price) | $5,500$66,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $600$7,200 |
| Total operating expenses | $19,163$229,950 |
| 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) | $600$7,200 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 4 | 3 | 2,948 | $17,500 | 2026-08-18 | — | |
| single_family | 4 | 3 | 2,311 | $15,500 | 2026-08-15 | — | |
| single_family | 4 | 3 | 2,890 | $19,000 | 2026-07-17 | — | |
| single_family | 4 | 4 | 2,347 | $14,000 | 2026-07-16 | — | |
| single_family | 4 | 3 | 2,454 | $10,500 | 2026-07-13 | — | |
| single_family | 4 | 3 | 2,890 | $14,500 | 2026-07-07 | — | |
| single_family | 4 | 4 | 2,145 | $6,499 | 2026-06-27 | — | |
| single_family | 4 | 4 | 3,249 | $15,000 | 2026-06-18 | — | |
| single_family | 4 | 4 | 1,834 | $8,950 | 2026-03-20 | — | |
| single_family | 4 | 4 | — | $14,000 | — | — | |
| single_family | 4 | 2 | 1,814 | $7,000 | 2026-05-03 | — | |
| single_family | 4 | 3 | 2,193 | $9,300 | 2026-07-28 | — | |
| single_family | 4 | 3 | 2,960 | $12,000 | 2026-07-14 | — | |
| single_family | 4 | 3 | — | $12,000 | — | — | |
| single_family | 4 | 4 | — | $9,200 | — | — | |
| single_family | 4 | 2 | 1,358 | $4,000 | 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 |
|---|---|---|---|---|---|---|
| 9301 N Bayshore Dr | single_family | 4 | 5 | 4,225 | $8,000,000 | 2026-08-18 |
| 1090 NE 92nd St | single_family | 4 | 2 | 3,227 | $2,435,000 | 2026-07-22 |
| 6322 NE 5th Ave | single_family | 4 | 2 | 2,161 | $840,000 | 2026-07-17 |
| 1110 NE 100th St | single_family | 4 | 3 | 2,191 | $1,680,000 | 2026-07-15 |
| 9655 Biscayne Blvd | single_family | 4 | 2 | 3,450 | $1,150,000 | 2026-06-22 |
| 1131 NE 97th St | single_family | 4 | 3 | — | $1,648,000 | 2026-06-17 |
| 8625 NE 10th Ave | single_family | 4 | 6 | 3,696 | $3,700,000 | 2026-06-08 |
| 1291 NE 102nd St | single_family | 4 | 4 | 2,202 | $2,500,000 | 2026-06-08 |
| 9700 Biscayne Blvd | single_family | 4 | 2 | 2,609 | $1,687,500 | 2026-06-05 |
| 89 NE 106th St | single_family | 4 | 5 | 2,546 | $2,475,000 | 2026-05-22 |
| 9015 NE 10th Ave | single_family | 4 | 4 | 2,975 | $2,300,000 | 2026-05-21 |
| 575 NE 97th St | single_family | 4 | 3 | 2,589 | $1,850,000 | 2026-05-19 |
| 1017 NE 95th St | single_family | 4 | 3 | 1,883 | $1,625,000 | 2026-04-30 |
| 490 NE 91st St | single_family | 4 | 4 | 3,145 | $2,225,000 | 2026-04-23 |
| 1029 NE 104th St | single_family | 4 | 3 | 2,775 | $1,880,000 | 2026-04-16 |
| 8825 NE 10th Ave | single_family | 4 | 4 | 2,060 | $2,050,000 | 2026-04-06 |
| 46 NE 100th St | single_family | 4 | 2 | 2,139 | $1,098,888 | 2026-04-01 |
| 710 NE 72nd Ter | single_family | 4 | 4 | 2,304 | $2,150,000 | 2026-03-25 |
| 1075 NE 99th St | single_family | 4 | 3 | 2,464 | $2,750,000 | 2026-03-20 |
| 920 NE 99th St | single_family | 4 | 3 | 2,237 | $1,350,000 | 2026-03-13 |
| 540 NE 103rd St | single_family | 4 | 3 | 3,036 | $2,350,000 | 2026-03-05 |
| 7701 NE 8th Ave | single_family | 4 | 2 | 2,305 | $2,750,000 | 2026-02-25 |
| 751 NE 80th St | single_family | 4 | 3 | 1,519 | $1,000,000 | 2026-02-20 |
| 925 NE 92nd St | single_family | 4 | 4 | 2,400 | $1,650,000 | 2026-02-13 |
| 871 NE 81st St | single_family | 4 | 3 | 3,486 | $1,410,000 | 2026-02-03 |
| 861 NE 82nd St | single_family | 4 | 3 | 2,356 | $1,395,000 | 2026-01-26 |
| 1250 NE 87th St | single_family | 4 | 3 | 3,312 | $3,887,500 | 2026-01-16 |
| 20 NE 104th St | single_family | 4 | 3 | 2,319 | $1,800,000 | 2026-01-15 |
| 1120 NE 86th St | single_family | 4 | 4 | 1,994 | $1,800,000 | 2026-01-14 |
| 1000 NE Little River Dr | single_family | 4 | 4 | 2,964 | $4,400,000 | 2026-01-02 |
| 8301 NE 10th Ave | single_family | 4 | 4 | 2,691 | $2,250,000 | 2025-12-16 |
| 991 NE 82nd St | single_family | 4 | 3 | 2,361 | $1,040,000 | 2025-12-11 |
| 820 NE 80th St | single_family | 4 | 3 | 2,638 | $1,102,500 | 2025-11-14 |
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 |
|---|---|---|---|---|---|---|
| 1085 NE 84th St | single_family | 4 | 3 | 1,925 | $1,299,000 | — |
| 670 NE 87th St | multi_family | 4 | 2 | 1,584 | $850,000 | — |
| 685 NE 81st St | single_family | 4 | 3 | 3,129 | $2,850,000 | — |
| 533-535 NE 67th St | multi_family | 4 | 4 | 1,000 | $1,059,000 | — |
| 776 NE 74th St | single_family | 4 | 4 | 1,834 | $1,950,000 | — |
| 420 NE 62nd St Unit B | condos | 4 | 5 | 2,786 | $1,850,000 | — |
| 420 NE 62nd St Unit A | townhomes | 4 | 5 | 2,786 | $1,850,000 | — |
| 910 NE 81st St | single_family | 4 | 3 | 1,808 | $1,480,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $8,497,500 | -$97,470 | -$613,631 | $6,528,441 | $1,969,059 |
| 2 | $8,752,425 | -$99,244 | -$615,585 | $6,451,969 | $2,300,456 |
| 3 | $9,014,998 | -$101,043 | -$617,568 | $6,370,244 | $2,644,753 |
| 4 | $9,285,448 | -$102,867 | -$619,581 | $6,282,908 | $3,002,540 |
| 5 | $9,564,011 | -$104,714 | -$621,622 | $6,189,574 | $3,374,437 |
| 6 | $9,850,931 | -$106,587 | -$623,693 | $6,089,831 | $3,761,100 |
| 7 | $10,146,459 | -$108,483 | -$625,794 | $5,983,239 | $4,163,221 |
| 8 | $10,450,853 | -$110,405 | -$627,924 | $5,869,327 | $4,581,527 |
| 9 | $10,764,379 | -$112,350 | -$630,083 | $5,747,592 | $5,016,787 |
| 10 | $11,087,310 | -$114,320 | -$632,272 | $5,617,497 | $5,469,813 |