Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
Acquisition (one-time, not monthly/yearly)
Purchase price
$195,000
Down payment (20.0%)
$39,000
Loan amount
$156,000
Closing costs (5.0%)
$9,750
Total cash to close
$48,750
Income
Rent (comp-derived)
$1,850$22,200
Vacancy loss (8.0%)
Effective gross income
$1,702$20,424
Operating expenses
Property tax (placeholder 1.9% of price)
$309$3,705
Insurance (placeholder 0.8% of price)
$130$1,560
HOA dues
$294$3,528
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$93$1,110
Total operating expenses
$825$9,903
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)
$93$1,110
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)
$0$0
Cash flow
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
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
1
1
504
$1,650
2025-07-28
—
apartment
1
1.5
750
$1,750
2025-08-05
—
apartment
1
1
504
$1,800
2025-08-22
—
apartment
1
1
656
$1,966
2025-03-08
—
apartment
1
1
700
$1,900
2026-08-19
—
condos
1
1
729
$1,700
2026-06-24
—
condos
1
1
591
$1,730
2026-08-24
—
condos
1
1
625
$1,750
2026-07-09
—
condos
1
1
660
$1,750
2026-07-21
—
condos
1
1
583
$1,750
2026-08-12
—
condos
1
2
770
$1,780
2026-08-24
—
condos
1
1
583
$1,686
2026-08-19
—
apartment
1
1
602
$1,750
2026-02-08
—
condos
1
1
591
$1,700
2026-07-29
—
apartment
1
1
712
$1,850
2026-08-18
—
condos
1
2
810
$1,800
2026-08-10
—
apartment
1
1
516
$1,800
2026-06-27
—
condos
1
1
597
$1,675
2026-08-17
—
apartment
1
1
615
$2,100
2025-09-29
—
apartment
1
1
700
$1,950
2026-04-29
—
condos
1
1
790
$1,785
2026-07-22
—
condos
1
1
597
$1,650
2026-06-08
—
apartment
1
1
712
$1,750
2025-11-21
—
apartment
1
1
660
$1,950
2026-07-27
—
apartment
1
1
600
$1,600
2026-05-22
—
apartment
1
1
680
$1,650
2026-08-20
—
apartment
1
1
800
$2,171
—
—
apartment
1
1
800
$2,193
—
—
apartment
1
1
800
$2,164
—
—
apartment
1
2
810
$2,197
—
—
apartment
1
1
800
$2,171
—
—
apartment
1
2
810
$2,219
—
—
apartment
1
2
810
$2,219
—
—
apartment
1
1
840
$2,328
—
—
apartment
1
1
484
$1,550
2026-08-17
—
apartment
1
1
505
$2,095
—
—
apartment
1
1
660
$2,340
—
—
apartment
1
1
660
$2,340
—
—
apartment
1
1
660
$2,340
—
—
apartment
1
1
690
$1,999
2026-08-07
—
apartment
1
1
825
$1,850
—
—
apartment
1
1
825
$1,850
—
—
apartment
1
1
825
$1,950
—
—
apartment
1
2
810
$2,197
—
—
apartment
1
1
840
$2,350
—
—
apartment
1
2
810
$2,219
—
—
apartment
1
1
670
$2,099
2026-06-29
—
apartment
1
1
670
$1,990
2025-06-23
—
apartment
1
1
720
$2,180
2025-08-06
—
apartment
1
1
625
$1,775
2026-08-15
—
apartment
1
1
625
$1,750
2026-08-27
—
condos
1
1
745
$1,730
2026-08-30
—
apartment
1
1
731
$1,900
2026-08-31
—
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.
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.
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.