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Investment Pro Forma

This tool uses conservative defaults to stress-test your deal. Adjust the inputs to match your investment strategy.

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Conservative Defaults Numbers may differ from the Deal Page quick estimate
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Fully Adjustable Use the sliders to match your actual financing terms
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Multiple Scenarios Switch between Flip to Sell and Hold for Rent strategies
Deal Page Estimate
Conservative Analysis
1847 Coral Way
Miami, FL 33145 · Miami-Dade County · SFR Development
GREEN LIGHT
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Deal Architect Fine-tune your numbers
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Deal Simulator AI-powered scenarios
Select Your Scenario
Single Family
Multifamily
Vacant Lot
Tear-Down
Flip to Sell
Hold for Rent
Construction Class
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Basic Spec
Entry-Level
$175/SF
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Mid-Range
Production Builder
$237/SF
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Semi-Custom
Executive
$312/SF
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Luxury
Full Custom
$475/SF
$824K
Total Cost
$1.08M
Projected ARV
$168K
Net Profit
20.4%
ROI
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Property Details
2,200 SF · 4/3
Address 1847 Coral Way
City / State Miami, FL 33145
County Miami-Dade
Lot Size 7,500 SF
Living Area 2,200 SF
Configuration 4 Bed / 3 Bath
Zoning RS-3 (Residential)
Flood Zone Zone X (Minimal Risk)
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Development Program
$237/SF
Total Building SF 2,200
Construction Class Mid-Range
Build Cost / SF $237
Total Hard Costs $521,400
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Acquisition & Costs
$824,758
Land Purchase $150,000
Closing Costs (2%) $3,000
Hard Costs (Construction) $521,400
Soft Costs (12%) $62,568
Financing Costs $33,720
Contingency (5%) $26,070
Monthly Holding Costs (9-Month Hold)
Property Taxes $312/mo
Insurance (Builder's Risk) $425/mo
Utilities $150/mo
Lawn/Maintenance $100/mo
Total Monthly: $987/mo
9-Month Total: $8,883
Total Project Cost $824,758
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Financing Analysis
65% LTC
Key Financing Terms
LTV (Loan-to-Value): Loan ÷ Property Value
Equity: Your Cash Investment
LTC (Loan-to-Cost): Loan ÷ Total Project Cost
Interest-Only: Construction Loan Structure
Financing Scenarios Comparison
All Cash
LTC0%
Equity Needed$824,758
Loan Amount$0
Interest Cost$0
ROE20.3%
Conservative (50%)
LTC50%
Equity Needed$412,379
Loan Amount$412,379
Interest Cost$24,743
ROE34.5%
Moderate (65%) - BASE
LTC65%
Equity Needed$288,665
Loan Amount$536,093
Interest Cost$32,166
ROE46.7%
Aggressive (75%)
LTC75%
Equity Needed$206,190
Loan Amount$618,569
Interest Cost$37,114
ROE63.0%
Lender Metrics (For Hold/Refinance Scenarios)
DSCR (Debt Service Coverage)
1.42x
Min: 1.20x • ✓ PASS
Debt Yield
9.8%
Min: 8.0% • ✓ PASS
Max Perm Loan (75% LTV)
$808K
Based on $1.08M ARV
DSCR FORMULA
DSCR = NOI ÷ Annual Debt Service = $20,748 ÷ $14,580 = 1.42x
Debt Yield = NOI ÷ Loan Amount = $20,748 ÷ $212,000 = 9.8%
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Comparable Sales Analysis
$490/SF Avg
Comparable Sales Selection Criteria
Distance: 0.5 - 2 miles | Time: Sold within 12 months | Type: SFR New Construction | Quality: Similar class/condition
Valuation Methodology
Method 1: Per-SF
Find sold homes, calculate $/SF
Avg $/SF from Comps $490
× 2,200 SF $1,078,000
Method 2: Income/Cap Rate
Value = NOI ÷ Cap Rate
Projected NOI $27,540
÷ 5.5% Cap Rate $500,727
Method 3: Hybrid (Used)
Cross-check both methods
Per-SF Value $1.08M
Income Value $501K
Base ARV $1.08M
Data Sources
Primary Source (Free):
Miami-Dade Property Appraiser - Sales Search
Secondary Sources:
Redfin / Zillow - Recent Sales Data
Sold Comparables
PROPERTY LOCATION SF SALE PRICE $/SF DATE
Comp 1 1923 SW 22nd Ave 2,150 $1,032,000 $480 Oct 2025
Comp 2 2045 Coral Way 2,280 $1,140,000 $500 Sep 2025
Comp 3 1756 SW 24th St 2,100 $1,008,000 $480 Nov 2025
Comp 4 1890 SW 21st Ter 2,350 $1,175,000 $500 Aug 2025
AVERAGE $490 -
MEDIAN $490 -
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Exit Strategy - Resale Analysis
20.4% ROI
METRIC LOW BASE HIGH
Assumed $/SF $440 $490 $540
Gross Sale Price (ARV) $968,000 $1,078,000 $1,188,000
Broker Commission (4%) ($38,720) ($43,120) ($47,520)
Closing & Transfer (1.5%) ($14,520) ($16,170) ($17,820)
Total Selling Costs (5.5%) ($53,240) ($59,290) ($65,340)
Net Sale Proceeds $914,760 $1,018,710 $1,122,660
Total Project Cost ($824,758) ($824,758) ($824,758)
Net Profit $90,002 $193,952 $297,902
LOW ROI
10.9%
BASE ROI
23.5%
HIGH ROI
36.1%
Net Profit Formula
Net Profit = Sale Price × (1 - Selling Cost %) - Total Project Cost
Base Case: $1,078,000 × (1 - 0.055) - $824,758
= $1,018,710 - $824,758
= $193,952 Net Profit
ROI and Annualized ROI
ROI = Net Profit ÷ Total Project Cost × 100
= $193,952 ÷ $824,758 × 100 = 23.5%
Annualized ROI (Simple) = ROI ÷ Years
= 23.5% ÷ 0.75 years = 31.3% per year
Target: 20%+ Annualized - ACHIEVED
Equity Multiple
1.24x
Development Spread
23.5%
Break-Even Price
$872K
IRR (Internal Rate of Return)
38.2%
9-month project • Target: 25%+
70% RULE CHECK (Flipper's Quick Test)
ARV × 70% - Repairs = Max Purchase
$1,078,000 × 70% - $521,400 = $233,200
Actual Purchase: $153,000 ✓ UNDER MAX
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Exit Strategy - Hold & Rental Analysis
5.5% Cap Rate
NOI Pro Forma - Annual Operating Statement
LINE ITEM CALCULATION ANNUAL AMOUNT
Gross Potential Rent (GPR) $2,700/mo × 12 $32,400
Other Income Pet rent, parking $1,200
Gross Potential Income (GPI) $33,600
Less: Vacancy & Credit Loss (5%) $33,600 × 5% ($1,680)
Effective Gross Income (EGI) $31,920
Operating Expenses
CATEGORY % OF EGI ANNUAL AMOUNT
Property Taxes 12% ($3,830)
Insurance 5% ($1,596)
Property Management 8% ($2,554)
Repairs & Maintenance 5% ($1,596)
Landscaping 2% ($638)
Replacement Reserves 3% ($958)
Total Operating Expenses 35% ($11,172)
Net Operating Income (NOI)
$20,748
Cap Rate (NOI ÷ Cost)
2.52%
Cash-on-Cash Return
2.52%
Additional Hold Metrics
GRM (Gross Rent Multiplier)
25.4x
$824,758 ÷ $32,400/yr
Break-Even Occupancy
33.3%
$11,172 OpEx ÷ $33,600 GPI
METRIC DEFINITIONS
GRM: Price ÷ Gross Annual Rent
Lower = Better value (Miami avg: 15-20x)
Break-Even: Min occupancy to cover OpEx
33.3% cushion before losing money
⚠️ HOLD STRATEGY ANALYSIS
With a 2.52% cap rate on cost, the Resale Exit (23.5% ROI) significantly outperforms the Hold strategy for this project. Consider holding only if: expecting significant rent growth, seeking long-term cash flow, or 1031 exchange constraints.
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Stress Test
3 Scenarios
Base Case ROI 20.4%
ARV drops 5% 14.8%
ARV drops 10% 9.2%
Costs rise 10% 11.3%
Break-even Sale Price $896,476
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Timeline
9 Months
Due Diligence 30 days
Permitting 60-90 days
Construction 5-6 months
Sale / Lease-up 30-60 days
Total Timeline 8-10 months
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Risk Assessment
Low-Medium
Market Risk Low
Construction Risk Medium
Financing Risk Low
Permit Risk Low
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Investment Thesis
Summary

This ground-up development opportunity presents a compelling risk-adjusted return profile. The property's location in an established Miami neighborhood with strong comparable sales supports the projected ARV. Construction costs are in line with current market rates for the selected build quality. The 20%+ ROI provides adequate margin for contingencies while delivering attractive investor returns.

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Disclosure
Legal

This pro forma is for informational purposes only and does not constitute financial, legal, or investment advice. All projections are estimates based on current market conditions and assumptions that may not materialize. Actual results may vary significantly. Consult with qualified professionals before making any investment decisions.