| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $365,000 |
| Down payment (20.0%) | $73,000 |
| Loan amount | $292,000 |
| Closing costs (5.0%) | $18,250 |
| Total cash to close | $91,250 |
| Income | |
| Rent (comp-derived) | $2,500$30,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,300$27,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $578$6,935 |
| Insurance (est. scaled by flood & wind risk) | $365$4,380 |
| HOA dues | $310$3,720 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,500 |
| Total operating expenses | $1,378$16,535 |
| 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) | $125$1,500 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 3 | 2 | 1,700 | $2,850 | 2026-08-18 | — | |
| condos | 3 | 2 | 1,258 | $2,450 | 2026-08-15 | — | |
| apartment | 3 | 2 | 1,277 | $2,375 | 2026-08-06 | — | |
| condos | 3 | 2 | 1,346 | $2,450 | 2026-07-08 | — | |
| condos | 3 | 3 | 1,260 | $2,800 | 2026-07-07 | — | |
| condos | 3 | 3 | 1,630 | $2,450 | 2026-07-02 | — | |
| condos | 3 | 2 | 1,260 | $2,500 | 2026-06-21 | — | |
| condos | 3 | 2 | 1,240 | $2,500 | 2026-05-20 | — | |
| condos | 3 | 3 | 1,325 | $2,500 | 2026-08-04 | — | |
| apartment | 3 | 2 | 1,660 | $2,900 | 2026-08-03 | — | |
| condos | 3 | 2 | 1,277 | $2,500 | 2026-04-08 | — | |
| apartment | 3 | 2 | 1,277 | $2,500 | 2026-03-10 | — | |
| apartment | 3 | 2 | 1,260 | $2,500 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,352 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,372 | — | — | |
| apartment | 3 | 2 | 1,436 | $3,262 | — | — |
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 |
|---|---|---|---|---|---|---|
| 15620 SW 80th St Unit H101 | condos | 3 | 2 | 1,165 | $270,000 | 2026-07-13 |
| 14815 SW 81st St Unit B | condos | 3 | 2 | 1,075 | $500,000 | 2026-07-09 |
| 14903 SW 80th St Apt 201 | condos | 3 | 2 | 1,220 | $345,000 | 2026-07-02 |
| 15441 SW 81 Circle Ln Unit 41 | condos | 3 | 2 | — | $257,500 | 2026-06-05 |
| 14971 SW 82nd Ln Unit 20-508 | condos | 3 | 2 | 1,260 | $290,000 | 2026-06-02 |
| 7611 SW 153rd Ct Apt 105 | condos | 3 | 2 | 1,120 | $360,000 | 2026-05-13 |
| 14911 SW 80th St Apt 221 | condos | 3 | 2 | 1,220 | $340,000 | 2026-03-24 |
| 14903 SW 80th St Apt 101 | condos | 3 | 2 | 1,220 | $345,000 | 2026-02-27 |
| 6841 SW 147th Ave Apt 3H | condos | 3 | 2 | 1,700 | $350,000 | 2025-12-17 |
| 8255 SW 152nd Ave Unit E412 | condos | 3 | 2 | 1,293 | $260,000 | 2025-12-16 |
| 8595 SW 152nd Ave Apt 251 | condos | 3 | 3 | 1,320 | $430,000 | 2025-10-31 |
| 15660 SW 82nd Cir Ln Unit 6-6 | condos | 3 | 3 | 1,964 | $300,000 | 2025-10-06 |
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 |
|---|---|---|---|---|---|---|
| 6651 SW 148th Ct | single_family | 3 | 2 | 1,892 | $855,000 | — |
| 7054 SW 152nd Ct | townhomes | 3 | 2 | 1,116 | $490,000 | — |
| 15840 SW 85th St | single_family | 3 | 2 | 1,631 | $650,000 | — |
| 14755 SW 74th Ln | townhomes | 3 | 3 | 2,187 | $533,000 | — |
| 14963 SW 74th Ter | single_family | 3 | 2 | 1,322 | $529,000 | — |
| 16628 SW 79th Ter | townhomes | 3 | 3 | 1,776 | $525,000 | — |
| 15171 SW 70th St | single_family | 3 | 2 | 2,074 | $850,000 | — |
| 16232 SW 57th Ln | condos | 3 | 3 | 2,027 | $564,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $375,950 | $11,065 | -$12,953 | $288,834 | $87,116 |
| 2 | $387,229 | $11,480 | -$12,576 | $285,451 | $101,778 |
| 3 | $398,845 | $11,909 | -$12,185 | $281,835 | $117,010 |
| 4 | $410,811 | $12,353 | -$11,780 | $277,971 | $132,840 |
| 5 | $423,135 | $12,812 | -$11,361 | $273,842 | $149,293 |
| 6 | $435,829 | $13,288 | -$10,927 | $269,429 | $166,400 |
| 7 | $448,904 | $13,780 | -$10,477 | $264,713 | $184,191 |
| 8 | $462,371 | $14,290 | -$10,011 | $259,673 | $202,698 |
| 9 | $476,242 | $14,817 | -$9,529 | $254,288 | $221,955 |
| 10 | $490,529 | $15,362 | -$9,029 | $248,532 | $241,998 |