| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,900,000 |
| Down payment (20.0%) | $780,000 |
| Loan amount | $3,120,000 |
| Closing costs (5.0%) | $195,000 |
| Total cash to close | $975,000 |
| Income | |
| Rent (comp-derived) | $21,750$261,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $20,010$240,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,175$74,100 |
| Insurance (placeholder 0.8% of price) | $2,600$31,200 |
| HOA dues | $3,400$40,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,088$13,050 |
| Total operating expenses | $13,263$159,150 |
| 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) | $1,088$13,050 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 3,812 | $40,000 | 2026-08-19 | — | |
| condos | 4 | 6 | 2,582 | $18,000 | 2026-08-14 | — | |
| condos | 4 | 5 | 2,743 | $22,500 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,216 | $15,900 | 2026-08-14 | — | |
| condos | 4 | 6 | 2,694 | $45,000 | 2026-08-10 | — | |
| condos | 4 | 6 | 2,686 | $22,000 | 2026-08-07 | — | |
| condos | 4 | 6 | 4,210 | $30,000 | 2026-07-20 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | 2026-07-17 | — | |
| condos | 4 | 6 | 3,189 | $26,800 | 2026-07-16 | — | |
| condos | 4 | 6 | 2,663 | $17,500 | 2026-07-09 | — | |
| condos | 4 | 5 | 2,586 | $23,500 | 2026-07-07 | — | |
| condos | 4 | 4 | 2,201 | $11,500 | 2026-06-09 | — | |
| condos | 4 | 5 | 2,368 | $25,500 | 2026-05-20 | — | |
| condos | 4 | 4 | 4,270 | $17,250 | 2026-05-14 | — | |
| condos | 4 | 5 | 2,845 | $19,500 | 2026-08-23 | — | |
| condos | 4 | 6 | 2,582 | $14,000 | 2026-08-25 | — | |
| condos | 4 | 6 | 2,663 | $19,500 | 2026-04-11 | — | |
| condos | 4 | 6 | 2,530 | $29,995 | 2026-01-16 | — | |
| condos | 4 | 6 | 3,788 | $29,000 | 2026-01-07 | — | |
| condos | 4 | 4 | 3,179 | $12,000 | 2026-03-17 | — | |
| condos | 4 | 5 | 2,232 | $12,000 | — | — | |
| apartment | 4 | 5 | 3,341 | $21,500 | — | — | |
| condos | 4 | 6 | 3,189 | $23,000 | — | — | |
| condos | 4 | 6 | 2,582 | $20,000 | 2026-02-28 | — | |
| condos | 4 | 5 | 2,648 | $25,000 | — | — | |
| condos | 4 | 6 | 2,216 | $23,000 | 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 |
|---|---|---|---|---|---|---|
| 700 NE 24th St Unit 3201 | condos | 4 | 6 | 2,686 | $2,800,000 | 2026-07-30 |
| 700 NE 24th St Unit 4801 | condos | 4 | 6 | 2,686 | $2,750,000 | 2026-07-14 |
| 700 NE 24th St Unit 4401 | condos | 4 | 6 | 2,663 | $2,550,000 | 2026-06-11 |
| 700 NE 24th St Unit 4802 | condos | 4 | 6 | 3,189 | $3,850,000 | 2026-05-29 |
| 700 NE 26th Ter Unit 4203 | condos | 4 | 6 | 3,788 | $4,000,000 | 2026-05-27 |
| 700 NE 24th St Unit 3801 | condos | 4 | 6 | 2,582 | $2,650,000 | 2026-05-15 |
| 788 NE 23rd St Unit 2001 | condos | 4 | 5 | — | $2,720,000 | 2026-05-08 |
| 700 NE 26th Ter Unit TH403 | condos | 4 | 7 | 4,401 | $4,100,000 | 2026-05-08 |
| 788 NE 23rd St Unit 5502 | condos | 4 | 5 | 3,492 | $4,000,000 | 2026-05-08 |
| 700 NE 24th St Unit 1101 | condos | 4 | 6 | 2,686 | $2,400,000 | 2026-04-14 |
| 788 NE 23rd St Unit 3301 | condos | 4 | 6 | 3,298 | $3,600,000 | 2026-03-26 |
| 700 NE 24th St Unit 2501 | condos | 4 | 6 | 2,686 | $2,575,000 | 2026-03-26 |
| 700 NE 24th St Unit 5207 | condos | 4 | 6 | 2,520 | $3,000,000 | 2026-03-20 |
| 700 NE 26th Ter Unit 3903 | condos | 4 | 6 | 3,796 | $3,900,000 | 2026-03-18 |
| 788 NE 23rd St Unit 1001 | condos | 4 | 5 | 2,743 | $2,800,000 | 2026-03-18 |
| 700 NE 24th St Unit 2301 | condos | 4 | 6 | 2,686 | $2,450,000 | 2026-03-04 |
| 700 NE 24th St Unit 5903 | condos | 4 | 6 | 2,895 | $3,980,000 | 2026-03-03 |
| 700 NE 24th St Unit 2101 | condos | 4 | 6 | 2,686 | $2,475,000 | 2026-02-06 |
| 700 NE 24th St Unit 1401 | condos | 4 | 6 | 2,978 | $2,400,000 | 2026-01-29 |
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 |
|---|---|---|---|---|---|---|
| 121 NE 34th St Ph 3217 | condos | 4 | 5 | 2,866 | $2,499,000 | — |
| 725 NE 24th St Unit 301 | condos | 4 | 6 | — | $2,498,900 | — |
| 480 NE 31st St Unit 5104 | condos | 4 | 5 | 2,792 | $3,295,000 | — |
| 456 NE 29th ST | condo | 4 | 4 | 3,063 | $3,554,000 | — |
| 480 NE 31st St Unit 5303 | condos | 4 | 5 | 2,418 | $2,999,990 | — |
| 621 NE 57th St | single_family | 4 | 4 | 2,633 | $2,000,000 | — |
| 700 NE 26th Ter Unit 4403 | condos | 4 | 6 | 3,788 | $4,988,888 | — |
| 725 NE 24th Street Miami, FL 33137 | condo | 4 | 5 | 2,880 | $2,836,900 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,017,000 | $80,970 | -$172,680 | $3,086,172 | $930,828 |
| 2 | $4,137,510 | $84,195 | -$169,781 | $3,050,022 | $1,087,488 |
| 3 | $4,261,635 | $87,536 | -$166,774 | $3,011,388 | $1,250,247 |
| 4 | $4,389,484 | $90,998 | -$163,654 | $2,970,102 | $1,419,382 |
| 5 | $4,521,169 | $94,585 | -$160,419 | $2,925,981 | $1,595,188 |
| 6 | $4,656,804 | $98,301 | -$157,063 | $2,878,830 | $1,777,974 |
| 7 | $4,796,508 | $102,151 | -$153,583 | $2,828,440 | $1,968,068 |
| 8 | $4,940,403 | $106,138 | -$149,974 | $2,774,591 | $2,165,812 |
| 9 | $5,088,615 | $110,268 | -$146,232 | $2,717,044 | $2,371,572 |
| 10 | $5,241,274 | $114,546 | -$142,352 | $2,655,544 | $2,585,730 |