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
$429,990
Down payment (20.0%)
$85,998
Loan amount
$343,992
Closing costs (5.0%)
$21,500
Total cash to close
$107,498
Income
Rent (comp-derived)
$2,600$31,200
Vacancy loss (8.0%)
Effective gross income
$2,392$28,704
Operating expenses
Property tax (placeholder 1.9% of price)
$681$8,170
Insurance (est. scaled by flood & wind risk)
$430$5,160
HOA dues
$516$6,192
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$130$1,560
Total operating expenses
$1,757$21,082
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)
$130$1,560
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
Widened to city-wide. 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
1,109
$2,300
2026-08-21
—
condos
3
2
1,084
$2,600
2026-08-21
—
condos
3
2
993
$2,450
2026-08-21
—
condos
3
2
1,190
$2,850
2026-08-20
—
condos
3
3
1,140
$2,850
2026-08-20
—
condos
3
2
1,108
$2,600
2026-08-19
—
condos
3
2
1,276
$2,900
2026-08-19
—
condos
3
2
993
$2,650
2026-08-18
—
condos
3
2
1,120
$2,500
2026-08-18
—
condos
3
2
1,150
$2,500
2026-08-18
—
condos
3
2
1,175
$2,750
2026-08-18
—
condos
3
2
1,233
$2,750
2026-08-17
—
condos
3
2
994
$2,300
2026-08-16
—
condos
3
2
1,258
$2,450
2026-08-15
—
condos
3
2
1,290
$3,300
2026-08-14
—
condos
3
2
994
$2,300
2026-08-13
—
condos
3
3
1,220
$2,400
2026-08-13
—
condos
3
2
1,280
$3,100
2026-08-13
—
condos
3
2
1,208
$2,590
2026-08-12
—
condos
3
2
1,147
$2,500
2026-08-11
—
condos
3
2
1,260
$2,950
2026-08-11
—
condos
3
2
1,035
$3,300
2026-08-09
—
condos
3
2
1,150
$2,700
2026-08-07
—
condos
3
3
1,220
$2,550
2026-08-07
—
apartment
3
2
1,277
$2,375
2026-08-06
—
condos
3
2
1,114
$2,550
2026-08-05
—
condos
3
2
1,250
$3,500
2026-08-05
—
condos
3
2
1,385
$4,200
2026-08-04
—
condos
3
2
1,275
$2,650
2026-08-04
—
condos
3
2
1,120
$2,450
2026-07-27
—
condos
3
3
1,220
$2,600
2026-07-25
—
condos
3
2
1,262
$2,700
2026-07-24
—
condos
3
2
1,405
$3,450
2026-07-24
—
condos
3
2
1,200
$2,850
2026-07-24
—
condos
3
2
1,215
$3,000
2026-07-23
—
condos
3
2
1,040
$2,350
2026-07-23
—
condos
3
2
1,040
$2,250
2026-07-23
—
condos
3
2
1,190
$2,600
2026-07-23
—
apartment
3
2
1,270
$3,000
2026-07-22
—
condos
3
2
1,090
$2,950
2026-07-22
—
condos
3
2
1,150
$2,599
2026-07-22
—
condos
3
2
1,040
$2,300
2026-07-21
—
condos
3
2
994
$2,300
2026-07-20
—
condos
3
2
1,205
$2,600
2026-07-18
—
apartment
3
2
1,040
$2,550
2026-08-29
—
condos
3
2
1,271
$2,850
2026-07-17
—
condos
3
2
1,203
$3,200
2026-07-16
—
Widened to any bedroom count in ZIP. 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.