| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $475,000 |
| Down payment (20.0%) | $95,000 |
| Loan amount | $380,000 |
| Closing costs (5.0%) | $23,750 |
| Total cash to close | $118,750 |
| Income | |
| Rent (comp-derived) | $2,674$32,088 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,460$29,521 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $752$9,025 |
| Insurance (est. scaled by flood & wind risk) | $475$5,700 |
| HOA dues | $436$5,232 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $134$1,604 |
| Total operating expenses | $1,797$21,561 |
| 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) | $134$1,604 |
| 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 | 3 | 2 | 1,125 | $2,800 | 2026-08-20 | — | |
| condos | 3 | 2 | 1,064 | $2,600 | 2026-08-15 | — | |
| apartment | 3 | 2 | 1,125 | $2,400 | 2026-08-13 | — | |
| apartment | 3 | 2 | 1,450 | $3,300 | 2026-08-10 | — | |
| condos | 3 | 4 | 1,662 | $3,100 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,530 | $2,800 | 2026-08-10 | — | |
| condos | 3 | 3 | 1,320 | $2,800 | 2026-08-10 | — | |
| condos | 3 | 2 | 1,185 | $2,600 | 2026-08-08 | — | |
| condos | 3 | 2 | 1,125 | $2,400 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,125 | $2,300 | 2026-08-07 | — | |
| condos | 3 | 2 | 1,070 | $2,500 | 2026-07-16 | — | |
| condos | 3 | 2 | 1,707 | $2,400 | 2026-06-01 | — | |
| condos | 3 | 3 | 1,485 | $3,100 | 2026-08-02 | — | |
| condos | 3 | 2 | 1,266 | $2,400 | 2026-07-28 | — | |
| condos | 3 | 2 | 1,070 | $2,000 | 2026-04-16 | — | |
| condos | 3 | 2 | 1,185 | $2,600 | 2026-08-24 | — | |
| condos | 3 | 2 | 1,400 | $2,400 | 2026-03-11 | — | |
| condos | 3 | 3 | 1,160 | $2,350 | 2025-09-17 | — | |
| condos | 3 | 2 | 1,266 | $2,500 | 2026-02-02 | — | |
| condos | 3 | 2 | 1,125 | $3,000 | 2026-04-01 | — | |
| apartment | 3 | 2 | 1,125 | $2,350 | — | — | |
| apartment | 3 | 2 | 1,208 | $2,757 | — | — | |
| apartment | 3 | 2 | 1,208 | $2,919 | — | — | |
| apartment | 3 | 2 | 1,208 | $2,748 | — | — | |
| apartment | 3 | 2 | 1,208 | $2,959 | — | — | |
| apartment | 3 | 2 | 1,208 | $2,949 | — | — | |
| condos | 3 | 2 | 1,009 | $2,300 | 2026-03-07 | — | |
| apartment | 3 | 2 | 1,208 | $2,959 | — | — | |
| apartment | 3 | 2 | 1,332 | $3,200 | — | — | |
| condos | 3 | 3 | 1,407 | $3,200 | 2026-08-29 | — |
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 |
|---|---|---|---|---|---|---|
| 468 NE 206th Ln Apt 102 | condos | 3 | 2 | 1,065 | $259,900 | 2026-06-18 |
| 426 NE 210th Cir Ter Unit 101-2 | condos | 3 | 2 | 1,064 | $240,000 | 2026-06-17 |
| 549 NE 206th Ln | condos | 3 | 3 | 1,704 | $530,000 | 2026-05-28 |
| 20810 San Simeon Way Apt 109 | condos | 3 | 3 | 1,360 | $390,000 | 2026-05-22 |
| 20741 NE 4th Ct Apt 207 | condos | 3 | 2 | 1,065 | $222,000 | 2026-05-15 |
| 21089 NE 8th Ave | condos | 3 | 3 | 1,320 | $439,000 | 2026-05-11 |
| 469 NE 207th Ln Apt 207 | condos | 3 | 2 | 1,065 | $242,000 | 2026-03-23 |
| 20680 NE 4th Ct Apt 206 | condos | 3 | 2 | 1,065 | $225,000 | 2026-02-06 |
| 20145 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $257,770 | 2025-10-07 |
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 |
|---|---|---|---|---|---|---|
| 21015 NE 19th Ct | single_family | 3 | 2 | 1,631 | $1,294,000 | — |
| 243 NE 212th Ter | single_family | 3 | 3 | 1,854 | $489,500 | — |
| 1047 NE 208th St | townhomes | 3 | 3 | 1,743 | $450,000 | — |
| 20310 NE 3rd Ct Apt 2 | condos | 3 | 2 | 1,185 | $259,999 | — |
| 253 NE 211th Ter | single_family | 3 | 3 | 1,449 | $399,900 | — |
| 20800 NE 8th Ct Unit 206-17 | condos | 3 | 2 | 1,125 | $285,000 | — |
| 1133 NE 210th Ter | townhomes | 3 | 3 | 1,469 | $430,000 | — |
| 900 NE 195th St Apt 217 | condos | 3 | 2 | 1,380 | $290,000 | — |
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $489,250 | $7,960 | -$22,949 | $375,880 | $113,370 |
| 2 | $503,928 | $8,306 | -$22,642 | $371,477 | $132,450 |
| 3 | $519,045 | $8,666 | -$22,324 | $366,772 | $152,274 |
| 4 | $534,617 | $9,039 | -$21,992 | $361,743 | $172,873 |
| 5 | $550,655 | $9,426 | -$21,648 | $356,370 | $194,286 |
| 6 | $567,175 | $9,828 | -$21,291 | $350,627 | $216,548 |
| 7 | $584,190 | $10,245 | -$20,919 | $344,490 | $239,700 |
| 8 | $601,716 | $10,677 | -$20,534 | $337,931 | $263,784 |
| 9 | $619,767 | $11,126 | -$20,133 | $330,922 | $288,845 |
| 10 | $638,360 | $11,591 | -$19,717 | $323,432 | $314,928 |