| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,999,000 |
| Down payment (20.0%) | $999,800 |
| Loan amount | $3,999,200 |
| Closing costs (5.0%) | $249,950 |
| Total cash to close | $1,249,750 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $4,738$56,861 |
| Vacancy loss (8.0%) | |
| Effective gross income | $4,359$52,312 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,915$94,981 |
| Insurance (placeholder 0.8% of price) | $3,333$39,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $237$2,843 |
| Total operating expenses | $11,485$137,816 |
| 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) | $237$2,843 |
| 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.
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 |
|---|---|---|---|---|---|---|
| 9045 Hawthorne Ave | single_family | 6 | 7 | 6,222 | $8,750,000 | 2026-06-26 |
| 8900 Bay Dr | single_family | 6 | 5 | 5,485 | $14,300,000 | 2026-04-14 |
| 9264 Dickens Ave | single_family | 6 | 4 | 3,692 | $4,350,000 | 2026-03-25 |
| 217 Bal Cross Dr | single_family | 6 | 7 | 5,402 | $10,800,000 | 2026-03-05 |
| 10241 E Broadview Dr | single_family | 6 | 6 | 5,888 | $12,800,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 1360 98th St | single_family | 6 | 7 | 3,724 | $6,499,000 | — |
| 10203 Collins Ave Unit 2801 | condos | 6 | 8 | 8,993 | $69,500,000 | — |
| 919 92nd St | single_family | 6 | 7 | — | $16,150,000 | — |
| 9424 9432 Carlyle Ave | single_family | 6 | 4 | — | $4,250,000 | — |
| 1251 99th St | single_family | 6 | 7 | 5,538 | $7,490,000 | — |
| 9705 Collins Ave Units 1701N & 1702N | condos | 6 | 8 | — | $20,000,000 | — |
| 96 Bal Cross Dr | single_family | 6 | 8 | — | $7,800,000 | — |
| 9407 E Broadview Dr | single_family | 6 | 8 | 6,906 | $24,700,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,148,970 | -$85,504 | -$396,747 | $3,955,840 | $1,193,130 |
| 2 | $5,303,439 | -$87,380 | -$398,694 | $3,909,502 | $1,393,937 |
| 3 | $5,462,542 | -$89,295 | -$400,682 | $3,859,982 | $1,602,560 |
| 4 | $5,626,419 | -$91,250 | -$402,711 | $3,807,061 | $1,819,357 |
| 5 | $5,795,211 | -$93,246 | -$404,783 | $3,750,507 | $2,044,704 |
| 6 | $5,969,067 | -$95,283 | -$406,898 | $3,690,069 | $2,278,999 |
| 7 | $6,148,139 | -$97,361 | -$409,058 | $3,625,480 | $2,522,660 |
| 8 | $6,332,584 | -$99,483 | -$411,262 | $3,556,456 | $2,776,128 |
| 9 | $6,522,561 | -$101,649 | -$413,512 | $3,482,692 | $3,039,869 |
| 10 | $6,718,238 | -$103,858 | -$415,808 | $3,403,863 | $3,314,375 |