| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $75,000,000 |
| Down payment (20.0%) | $15,000,000 |
| Loan amount | $60,000,000 |
| Closing costs (5.0%) | $3,750,000 |
| Total cash to close | $18,750,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,815$45,781 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,510$42,119 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $118,750$1,425,000 |
| Insurance (placeholder 0.8% of price) | $50,000$600,000 |
| HOA dues | $39,515$474,180 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $191$2,289 |
| Total operating expenses | $208,456$2,501,469 |
| 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) | $191$2,289 |
| 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.
No active rental listings cached yet for this bedroom count.
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 |
|---|---|---|---|---|---|---|
| 848 Brickell Key Dr Apt 2702 | condos | 2 | 2 | 1,440 | $920,000 | 2026-09-02 |
| 950 Brickell Bay Dr Apt 802 | condos | 1 | 1 | 692 | $375,000 | 2026-09-01 |
| 901 Brickell Key Blvd Apt 3004 | condos | 3 | 4 | 2,591 | $2,350,000 | 2026-08-31 |
| 701 Brickell Key Blvd Apt 1108 | condos | 1 | 2 | 806 | $390,000 | 2026-08-31 |
| 1425 Brickell Ave Apt 58E | condos | 3 | 4 | 3,357 | $4,800,000 | 2026-08-31 |
| 1000 Brickell Plz Unit 4809 | condos | 2 | 3 | 1,236 | $1,365,000 | 2026-08-28 |
| 495 Brickell Ave Apt 5309 | condos | 1 | 1 | 1,035 | $580,000 | 2026-08-28 |
| 848 Brickell Key Dr Apt 2703 | condos | 1 | 2 | 1,087 | $745,000 | 2026-08-26 |
| 475 Brickell Ave Apt 5010 | condos | 0 | 1 | 546 | $375,000 | 2026-08-26 |
| 900 Brickell Key Blvd Apt 1101 | condos | 3 | 4 | 2,065 | $2,200,000 | 2026-08-25 |
| 200 Biscayne Boulevard Way Apt 3811 | condos | 1 | 2 | 822 | $525,000 | 2026-08-24 |
| 1010 Brickell Ave Unit 1806 | condos | 1 | 2 | 1,100 | $699,000 | 2026-08-24 |
| 41 SE 5th St Apt 1202 | condos | 2 | 2 | 1,289 | $580,000 | 2026-08-21 |
| 68 SE 6th St Apt 810 | condos | 2 | 2 | 1,193 | $810,000 | 2026-08-20 |
| 55 SE 6th St Apt 1208 | condos | 1 | 1 | 738 | $380,000 | 2026-08-19 |
| 335 S Biscayne Blvd Apt 3807 | condos | 2 | 2 | 1,178 | $655,000 | 2026-08-17 |
| 801 Brickell Key Blvd Apt 2203 | condos | 3 | 3 | 1,659 | $1,600,000 | 2026-08-14 |
| 335 S Biscayne Blvd Apt 3005 | condos | 2 | 2 | 1,227 | $640,000 | 2026-08-14 |
| 500 Brickell Ave Apt 4101 | condos | 3 | 3 | 1,494 | $980,000 | 2026-08-13 |
| 701 Brickell Key Blvd Apt 1903 | condos | 3 | 3 | 1,719 | $1,260,000 | 2026-08-12 |
| 1200 Brickell Bay Dr Apt 2222 | condos | 1 | 1 | 825 | $485,000 | 2026-08-10 |
| 1200 Brickell Bay Dr Apt 1924 | condos | 3 | 2 | 1,232 | $700,000 | 2026-08-10 |
| 41 SE 5th St Apt 1702 | condos | 2 | 2 | 1,289 | $625,000 | 2026-08-07 |
| 1200 Brickell Bay Dr Apt 3122 | condos | 1 | 1 | 825 | $420,000 | 2026-08-07 |
| 701 Brickell Key Blvd Apt 1605 | condos | 2 | 2 | 1,236 | $650,000 | 2026-08-07 |
| 31 SE 6th St Apt 301 | condos | 2 | 2 | 1,116 | $520,000 | 2026-08-05 |
| 540 Brickell Key Dr Apt 414 | condos | 1 | 2 | 640 | $281,500 | 2026-08-03 |
| 1200 Brickell Bay Dr Ph 4308 | condos | 1 | 1 | 825 | $432,000 | 2026-07-30 |
| 300 Biscayne Blvd Way Apt 2505 | condos | 2 | 4 | 1,699 | $2,050,000 | 2026-07-30 |
| 1010 Brickell Ave Unit 1504 | condos | 2 | 3 | 1,325 | $870,000 | 2026-07-27 |
| 68 SE 6th St Apt 2409 | condos | 2 | 3 | 1,373 | $980,000 | 2026-07-27 |
| 151 SE 1st St Apt 3202 | condos | 2 | 1 | 736 | $452,000 | 2026-07-24 |
| 1080 Brickell Ave Unit 3300 | condos | 3 | 3 | 1,593 | $1,257,500 | 2026-07-23 |
| 1408 Brickell Bay Dr Apt 917 | condos | 1 | 1 | 787 | $315,000 | 2026-07-23 |
| 901 Brickell Key Blvd Apt 1409 | condos | 2 | 3 | 1,418 | $1,100,000 | 2026-07-22 |
| 465 Brickell Ave Apt 917 | condos | 1 | 1 | 882 | $615,000 | 2026-07-21 |
| 1000 Brickell Plz Unit 2008 | condos | 1 | 2 | 836 | $695,000 | 2026-07-20 |
| 770 Claughton Island Dr Apt 1905 | condos | 1 | 1 | 708 | $320,000 | 2026-07-20 |
| 1450 Brickell Bay Dr Apt 311 | condos | 2 | 2 | 1,030 | $470,000 | 2026-07-20 |
| 950 N Brickell Bay Dr Unit 3002 | condos | 1 | 1 | 688 | $435,000 | 2026-07-17 |
| 170 SE 14th St Apt 2705 | condos | 2 | 2 | 942 | $483,000 | 2026-07-16 |
| 495 Brickell Ave Apt 5703 | condos | 3 | 3 | 2,172 | $2,250,000 | 2026-07-15 |
| 1300 Brickell Bay Dr Apt 806 | condos | 1 | 1 | 696 | $525,000 | 2026-07-13 |
| 1200 Brickell Bay Dr Apt 3123 | condos | 2 | 2 | 1,105 | $629,000 | 2026-07-13 |
| 151 SE 1st St Apt 905 | condos | 1 | 1 | 526 | $350,000 | 2026-07-10 |
| 200 Biscayne Boulevard Way Apt 509 | condos | 2 | 3 | 1,489 | $1,700,000 | 2026-07-10 |
| 68 SE 6th St Apt 2807 | condos | 2 | 3 | 1,244 | $940,000 | 2026-07-10 |
| 1155 Brickell Bay Dr Ph 303 | condos | 3 | 3 | 1,940 | $1,600,000 | 2026-07-08 |
| 888 Brickell Key Dr Apt 210 | condos | 2 | 2 | 1,310 | $760,000 | 2026-07-07 |
| 31 SE 5th St Apt 2604 | condos | 2 | 2 | 1,051 | $540,000 | 2026-07-06 |
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 5204 N Miami Ave | multi_family | 7 | 4 | 2,943 | $1,850,000 | — |
| 7745 SW 54th Ave | single_family | 7 | 9 | 5,797 | $5,395,000 | — |
| multi_family | 7 | 4 | 3,931 | $775,000 | — | |
| 2283 NW 35th St | multi_family | 7 | 4 | 2,700 | $765,000 | — |
| 1256 NE 110th Ter | multi_family | 7 | 5 | 1,946 | $1,450,000 | — |
| 7930 SW 52nd Ct | single_family | 7 | 8 | 5,452 | $5,650,000 | — |
| 2215 NW 33rd St | multi_family | 7 | 3 | 2,399 | $835,000 | — |
| 234 NW 32nd Ave | multi_family | 7 | 3 | 2,128 | $985,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $77,250,000 | -$2,459,350 | -$7,088,553 | $59,349,467 | $17,900,533 |
| 2 | $79,567,500 | -$2,520,624 | -$7,149,884 | $58,654,261 | $20,913,239 |
| 3 | $81,954,525 | -$2,583,422 | -$7,212,741 | $57,911,314 | $24,043,211 |
| 4 | $84,413,161 | -$2,647,784 | -$7,277,163 | $57,117,348 | $27,295,813 |
| 5 | $86,945,556 | -$2,713,749 | -$7,343,189 | $56,268,860 | $30,676,695 |
| 6 | $89,553,922 | -$2,781,356 | -$7,410,859 | $55,362,106 | $34,191,817 |
| 7 | $92,240,540 | -$2,850,645 | -$7,480,214 | $54,393,083 | $37,847,457 |
| 8 | $95,007,756 | -$2,921,660 | -$7,551,295 | $53,357,517 | $41,650,239 |
| 9 | $97,857,989 | -$2,994,442 | -$7,624,145 | $52,250,837 | $45,607,151 |
| 10 | $100,793,728 | -$3,069,037 | -$7,698,809 | $51,068,161 | $49,725,568 |