| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $518,850 |
| Down payment (20.0%) | $103,770 |
| Loan amount | $415,080 |
| Closing costs (5.0%) | $25,943 |
| Total cash to close | $129,713 |
| Income | |
| Rent (comp-derived) | $3,825$45,900 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,519$42,228 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $822$9,858 |
| Insurance (placeholder 0.8% of price) | $346$4,151 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $191$2,295 |
| Total operating expenses | $1,359$16,304 |
| 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$2,295 |
| 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 | 4 | 4 | 2,086 | $4,200 | 2026-08-19 | — | |
| townhomes | 4 | 3 | 1,920 | $3,800 | 2026-08-31 | — | |
| townhomes | 4 | 3 | 1,985 | $3,500 | 2026-08-17 | — | |
| townhomes | 4 | 4 | 1,946 | $5,800 | 2026-08-17 | — | |
| townhomes | 4 | 3 | 2,312 | $3,400 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 1,976 | $4,500 | 2026-08-13 | — | |
| townhomes | 4 | 3 | 1,820 | $4,100 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 1,708 | $3,600 | 2026-08-11 | — | |
| townhomes | 4 | 3 | 2,312 | $3,400 | 2026-08-07 | — | |
| townhomes | 4 | 3 | 1,774 | $4,000 | 2026-08-06 | — | |
| townhomes | 4 | 4 | 2,532 | $8,700 | 2026-08-05 | — | |
| townhomes | 4 | 5 | 2,988 | $10,500 | 2026-07-27 | — | |
| townhomes | 4 | 3 | 2,312 | $3,350 | 2026-07-20 | — | |
| townhomes | 4 | 3 | 1,920 | $3,850 | 2026-07-19 | — | |
| townhomes | 4 | 3 | 1,920 | $4,300 | 2026-07-18 | — | |
| townhomes | 4 | 3 | 1,793 | $3,500 | 2026-07-17 | — | |
| townhomes | 4 | 2 | 1,848 | $3,950 | 2026-07-16 | — | |
| townhomes | 4 | 5 | 2,750 | $8,999 | 2026-07-13 | — | |
| townhomes | 4 | 3 | 2,312 | $3,200 | 2026-07-11 | — | |
| townhomes | 4 | 3 | 2,123 | $5,000 | 2026-07-06 | — | |
| townhomes | 4 | 3 | 2,312 | $3,350 | 2026-06-29 | — | |
| townhomes | 4 | 3 | 1,876 | $3,500 | 2026-05-22 | — | |
| townhomes | 4 | 4 | 2,086 | $4,500 | 2026-06-23 | — | |
| townhomes | 4 | 4 | 2,238 | $10,900 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,820 | $4,200 | 2026-06-22 | — | |
| townhomes | 4 | 3 | 1,793 | $3,595 | 2026-06-18 | — | |
| townhomes | 4 | 4 | 2,313 | $4,000 | 2026-06-17 | — | |
| townhomes | 4 | 3 | 1,876 | $3,450 | 2026-06-10 | — | |
| townhomes | 4 | 3 | 1,820 | $3,000 | 2026-06-05 | — | |
| townhomes | 4 | 3 | 2,312 | $3,300 | 2026-05-20 | — | |
| townhomes | 4 | 3 | 1,870 | $3,500 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,300 | $4,300 | 2026-08-04 | — | |
| townhomes | 4 | 3 | 2,000 | $3,300 | 2026-07-31 | — | |
| townhomes | 4 | 4 | 1,710 | $3,150 | 2026-07-30 | — | |
| townhomes | 4 | 3 | 2,308 | $4,050 | 2026-07-29 | — | |
| townhomes | 4 | 3 | 1,827 | $3,350 | 2026-07-27 | — | |
| townhomes | 4 | 3 | 1,985 | $3,300 | 2026-08-24 | — | |
| townhomes | 4 | 3 | 1,920 | $3,850 | 2026-08-22 | — | |
| townhomes | 4 | 3 | 1,899 | $3,500 | 2026-03-11 | — | |
| townhomes | 4 | 3 | 1,920 | $3,950 | 2026-02-27 | — | |
| townhomes | 4 | 3 | 1,828 | $3,200 | 2026-02-26 | — | |
| townhomes | 4 | 3 | 3,024 | $3,750 | 2026-04-09 | — | |
| townhomes | 4 | 3 | 1,920 | $4,400 | 2026-03-19 | — | |
| townhomes | 4 | 5 | 2,757 | $18,000 | 2024-10-22 | — |
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 |
|---|---|---|---|---|---|---|
| 31437 SW 192 Ave | townhomes | 4 | 4 | 2,356 | $508,850 | 2026-08-31 |
| 761 SE 2nd St | townhomes | 3 | 3 | 1,378 | $318,000 | 2026-08-11 |
| 64 SW 15th Ter | townhomes | 3 | 2 | 1,189 | $340,000 | 2026-08-03 |
| 136 SW 15th Rd | townhomes | 3 | 2 | 1,115 | $200,000 | 2026-07-20 |
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 |
|---|---|---|---|---|---|---|
| 28544 SW 176th Ave. | single_family | 4 | 3 | 2,648 | $805,990 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 3,108 | $789,990 | — |
| 31353 SW 192 Ave | townhomes | 4 | 4 | 2,356 | $518,850 | — |
| 18856 SW 314th St | single_family | 4 | 3 | 2,072 | $540,640 | — |
| 17568 SW 286 St | single_family | 4 | 3 | 3,108 | $790,640 | — |
| SW 288 St & 177th Ave | single_family | 4 | 3 | 2,648 | $853,990 | — |
| 31415 SW 192 Ave | townhomes | 4 | 3 | 2,345 | $515,690 | — |
| 31413 SW 192 Ave | townhomes | 4 | 3 | 2,356 | $518,850 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $534,416 | $25,924 | -$8,380 | $410,580 | $123,836 |
| 2 | $550,448 | $26,783 | -$7,578 | $405,770 | $144,678 |
| 3 | $566,961 | $27,670 | -$6,750 | $400,630 | $166,331 |
| 4 | $583,970 | $28,586 | -$5,894 | $395,138 | $188,833 |
| 5 | $601,489 | $29,531 | -$5,011 | $389,268 | $212,222 |
| 6 | $619,534 | $30,507 | -$4,098 | $382,995 | $236,539 |
| 7 | $638,120 | $31,515 | -$3,156 | $376,291 | $261,829 |
| 8 | $657,264 | $32,555 | -$2,182 | $369,127 | $288,137 |
| 9 | $676,982 | $33,628 | -$1,177 | $361,471 | $315,511 |
| 10 | $697,291 | $34,737 | -$139 | $353,289 | $344,002 |