| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,990,000 |
| Down payment (20.0%) | $598,000 |
| Loan amount | $2,392,000 |
| Closing costs (5.0%) | $149,500 |
| Total cash to close | $747,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,406$28,870 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,213$26,560 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,734$56,810 |
| Insurance (est. scaled by flood & wind risk) | $3,488$41,860 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,444 |
| Total operating expenses | $8,343$100,114 |
| 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) | $120$1,444 |
| 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 | 4 | — | $4,800 | 2026-08-16 | — | |
| 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 |
|---|---|---|---|---|---|---|
| 11052 SW 230 Ter | townhomes | 3 | 3 | 1,489 | $495,050 | 2026-08-31 |
| 22952 SW 127th Ct Unit 1 | townhomes | 3 | 3 | 1,694 | $455,000 | 2026-08-28 |
| 21955 SW 124ave | townhomes | 3 | 2 | — | $474,900 | 2026-08-14 |
| 11300 SW 230th Ter | townhomes | 3 | 2 | 1,672 | $392,000 | 2026-07-14 |
| 23124 SW 130th Ave | townhomes | 4 | 3 | 1,827 | $455,000 | 2026-07-10 |
| 12765 SW 229th Ter | townhomes | 3 | 2 | 1,331 | $459,900 | 2026-07-08 |
| 22959 SW 112th Pl | townhomes | 3 | 3 | 1,559 | $399,000 | 2026-07-06 |
| 11276 SW 229th Ter | townhomes | 4 | 2 | 1,698 | $400,000 | 2026-07-01 |
| 23031 SW 127th Ct | townhomes | 3 | 3 | 1,828 | $550,000 | 2026-06-22 |
| 22485 SW 125th Ave Unit 16A | townhomes | 5 | 4 | — | $629,990 | 2026-05-15 |
| 22951 SW 127th Ct | townhomes | 4 | 3 | 1,815 | $464,000 | 2026-04-17 |
| 12389 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-04-02 |
| 12383 SW 220th St | townhomes | 3 | 2 | — | $485,000 | 2026-03-27 |
| 12395 SW 220th St | townhomes | 3 | 2 | — | $480,000 | 2026-03-23 |
| 12330 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-23 |
| 12744 SW 230th St Unit 12744 | townhomes | 3 | 3 | 1,694 | $440,000 | 2026-03-19 |
| 23286 SW 131st Ct | townhomes | 3 | 3 | — | $435,000 | 2026-03-13 |
| 21911 SW 124th Ave | townhomes | 3 | 2 | — | $475,000 | 2026-03-13 |
| 12350 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12393 SW 220th St | townhomes | 3 | 2 | — | $474,900 | 2026-03-10 |
| 12336 SW 219th St | townhomes | 3 | 2 | — | $474,900 | 2026-02-27 |
| 12344 SW 219th St | townhomes | 3 | 2 | — | $499,900 | 2026-02-20 |
| 11368 SW 230th Ter | townhomes | 4 | 3 | 1,698 | $366,000 | 2026-02-13 |
| 23125 SW 112th Ct | townhomes | 3 | 2 | 1,672 | $390,000 | 2026-02-05 |
| 11257 SW 231st Ln | townhomes | 3 | 2 | 1,672 | $350,000 | 2026-01-23 |
| 12387 SW 220th St | townhomes | 3 | 2 | — | $499,900 | 2026-01-06 |
| 23053 SW 131st Ave | townhomes | 3 | 3 | 1,697 | $545,375 | 2026-01-05 |
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 |
|---|---|---|---|---|---|---|
| SW 132nd Avenue and SW 223rd Street | single_family | 5 | 3 | 2,987 | $807,990 | — |
| 12933 SW 227th St | single_family | 5 | 3 | 2,066 | $765,000 | — |
| 18261 SW 224th St | single_family | 5 | 4 | 3,104 | $1,875,000 | — |
| 12969 SW 220th Ter | single_family | 5 | 4 | 3,319 | $1,299,000 | — |
| 22555 SW 125th Ave Unit 13A | townhomes | 5 | 4 | — | $649,990 | — |
| 12900 SW 229th St | single_family | 5 | 4 | 3,252 | $760,000 | — |
| 22421 SW 184th Ave | single_family | 5 | 3 | 3,178 | $1,200,000 | — |
| 23120 SW 154th Ct | single_family | 5 | 4 | 2,850 | $1,024,999 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,079,700 | -$73,553 | -$259,456 | $2,366,065 | $713,635 |
| 2 | $3,172,091 | -$75,259 | -$261,198 | $2,338,350 | $833,741 |
| 3 | $3,267,254 | -$77,004 | -$262,980 | $2,308,731 | $958,523 |
| 4 | $3,365,271 | -$78,788 | -$264,802 | $2,277,078 | $1,088,193 |
| 5 | $3,466,229 | -$80,613 | -$266,666 | $2,243,252 | $1,222,978 |
| 6 | $3,570,216 | -$82,478 | -$268,571 | $2,207,102 | $1,363,114 |
| 7 | $3,677,323 | -$84,386 | -$270,520 | $2,168,471 | $1,508,852 |
| 8 | $3,787,643 | -$86,337 | -$272,513 | $2,127,186 | $1,660,457 |
| 9 | $3,901,272 | -$88,333 | -$274,551 | $2,083,066 | $1,818,206 |
| 10 | $4,018,310 | -$90,373 | -$276,635 | $2,035,917 | $1,982,393 |