| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,950,000 |
| Down payment (20.0%) | $590,000 |
| Loan amount | $2,360,000 |
| Closing costs (5.0%) | $147,500 |
| Total cash to close | $737,500 |
| Income | |
| Rent (comp-derived) | $15,000$180,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $13,800$165,600 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,671$56,050 |
| Insurance (placeholder 0.8% of price) | $1,967$23,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $750$9,000 |
| Total operating expenses | $7,388$88,650 |
| 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) | $750$9,000 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 3 | 3,002 | $12,000 | 2026-08-19 | — | |
| single_family | 5 | 3 | 3,780 | $15,000 | 2024-10-29 | — | |
| single_family | 5 | 4 | 4,084 | $17,000 | 2025-11-14 | — |
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 |
|---|---|---|---|---|---|---|
| 7840 SW 18th Ter | single_family | 5 | 4 | 2,586 | $1,120,000 | 2026-08-07 |
| 2725 SW 82nd Ave | single_family | 5 | 4 | 2,251 | $810,000 | 2026-07-23 |
| 5785 SW 46th Ter | single_family | 5 | 4 | 2,053 | $1,670,000 | 2026-07-10 |
| 6810 SW 51st St | single_family | 5 | 3 | 1,889 | $1,100,000 | 2026-06-18 |
| 1715 SW 84th Ave | single_family | 5 | 3 | 2,289 | $745,000 | 2026-06-16 |
| 7731 SW 18th Ter | single_family | 5 | 4 | 2,184 | $917,000 | 2026-06-11 |
| 6521 SW 31st St | single_family | 5 | 3 | 1,840 | $1,020,000 | 2026-06-08 |
| 5815 SW 27th St | single_family | 5 | 4 | 3,790 | $2,050,000 | 2026-04-01 |
| 8370 SW 46th St | single_family | 5 | 3 | 1,955 | $935,000 | 2026-03-31 |
| 2930 SW 79th Ct | single_family | 5 | 5 | 2,863 | $1,275,000 | 2026-03-23 |
| 6480 SW 37th St | single_family | 5 | 4 | 1,844 | $348,000 | 2026-03-16 |
| 6301 Coral Lake Dr | single_family | 5 | 3 | 2,980 | $1,735,000 | 2026-02-24 |
| 7815 SW 21st Ter | single_family | 5 | 3 | 2,456 | $795,000 | 2026-02-24 |
| 7410 SW 39th St | single_family | 5 | 3 | 1,607 | $720,000 | 2026-02-23 |
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 |
|---|---|---|---|---|---|---|
| 2000 SW 84th Ave | single_family | 5 | 3 | 1,845 | $885,000 | — |
| 2920 SW 69th Ave | single_family | 5 | 5 | 2,457 | $825,000 | — |
| 2231 SW 57th Ct | single_family | 5 | 3 | 2,692 | $650,000 | — |
| 2216 SW 62nd Ave | single_family | 5 | 3 | 2,442 | $910,000 | — |
| 6560 SW 34th St | single_family | 5 | 4 | 1,949 | $825,000 | — |
| 5766 SW 41st St | single_family | 5 | 5 | 3,500 | $1,250,000 | — |
| 6359 SW 34th St | single_family | 5 | 6 | 4,902 | $3,249,000 | — |
| 7390 SW 30th Ter | single_family | 5 | 3 | 2,030 | $1,190,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,038,500 | $76,950 | -$114,042 | $2,334,412 | $704,088 |
| 2 | $3,129,655 | $79,702 | -$111,515 | $2,307,068 | $822,588 |
| 3 | $3,223,545 | $82,547 | -$108,900 | $2,277,845 | $945,700 |
| 4 | $3,320,251 | $85,489 | -$106,195 | $2,246,616 | $1,073,635 |
| 5 | $3,419,859 | $88,531 | -$103,395 | $2,213,242 | $1,206,617 |
| 6 | $3,522,454 | $91,676 | -$100,498 | $2,177,576 | $1,344,878 |
| 7 | $3,628,128 | $94,928 | -$97,501 | $2,139,461 | $1,488,667 |
| 8 | $3,736,972 | $98,290 | -$94,400 | $2,098,729 | $1,638,243 |
| 9 | $3,849,081 | $101,766 | -$91,192 | $2,055,199 | $1,793,882 |
| 10 | $3,964,553 | $105,359 | -$87,873 | $2,008,680 | $1,955,873 |