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
$1,150,000
Down payment (20.0%)
$230,000
Loan amount
$920,000
Closing costs (5.0%)
$57,500
Total cash to close
$287,500
Income
Rent (comp-derived)
$3,177$38,118
Vacancy loss (8.0%)
Effective gross income
$2,922$35,069
Operating expenses
Property tax (placeholder 1.9% of price)
$1,821$21,850
Insurance (placeholder 0.8% of price)
$767$9,200
HOA dues
$0$0
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$159$1,906
Total operating expenses
$2,746$32,956
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)
$159$1,906
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
738
$3,493
2026-06-24
—
condos
1
2
1,092
$4,500
2026-08-20
—
apartment
1
1
1,218
$1,700
2026-08-19
—
condos
1
1
629
$2,350
2026-08-19
—
condos
1
1
670
$3,200
2026-08-17
—
apartment
1
1
638
$1,850
2026-08-12
—
condos
1
2
700
$2,695
2026-08-11
—
apartment
1
1.5
800
$2,250
2026-03-06
—
condos
1
1
705
$2,600
2026-08-07
—
condos
1
1
680
$4,500
2026-08-06
—
apartment
1
1.5
1,010
$5,209
2026-03-12
—
condos
1
1
689
$2,300
2026-07-20
—
condos
1
1
691
$2,200
2026-07-17
—
condos
1
2
896
$7,000
2026-07-09
—
condos
1
2
790
$3,899
2026-07-07
—
condos
1
1
655
$2,350
2026-07-06
—
condos
1
1
692
$2,600
2026-07-06
—
condos
1
1
681
$7,500
2026-07-06
—
apartment
1
1
652
$3,153
2026-07-05
—
condos
1
1
896
$1,250
2026-07-04
—
condos
1
1
610
$2,690
2026-06-30
—
condos
1
2
943
$3,995
2026-06-25
—
condos
1
1
689
$2,354
2026-06-17
—
condos
1
1
790
$3,400
2026-06-17
—
condos
1
1
664
$2,300
2026-06-11
—
apartment
1
1.5
769
$2,050
2026-04-01
—
condos
1
1
680
$4,000
2026-06-10
—
apartment
1
1
700
$2,550
2026-08-02
—
condos
1
1
750
$2,100
2026-07-31
—
condos
1
2
875
$3,000
2026-07-28
—
apartment
1
1
650
$4,500
2024-03-06
—
apartment
1
2
800
$2,100
2026-04-17
—
condos
1
2
875
$3,700
2026-03-12
—
condos
1
2
983
$5,300
2026-02-19
—
condos
1
2
907
$4,500
2026-03-09
—
condos
1
2
938
$7,950
2026-02-11
—
condos
1
2
790
$4,200
2026-04-06
—
condos
1
1
650
$3,450
2026-03-25
—
condos
1
2
852
$7,200
2026-04-01
—
condos
1
2
1,092
$4,500
—
—
apartment
1
1
652
$2,400
—
—
apartment
1
1
880
$3,900
—
—
apartment
1
1
780
$2,955
—
—
apartment
1
1
722
$3,123
—
—
apartment
1
1.5
654
$2,600
2025-01-03
—
apartment
1
1
759
$2,678
—
—
apartment
1
1
676
$2,974
—
—
condos
1
2
875
$4,450
2026-08-27
—
condos
1
2
808
$2,225
2026-08-03
—
condos
1
1
704
$2,150
2026-08-27
—
condos
1
2
808
$2,200
2026-05-01
—
condos
1
2
808
$2,400
2026-04-16
—
condos
1
2
1,117
$5,200
2026-08-20
—
condos
1
2
808
$2,750
2026-05-07
—
condos
1
1
910
$3,350
2026-08-05
—
condos
1
2
910
$3,000
2026-05-07
—
condos
1
1
616
$2,550
2026-07-16
—
condos
1
1
680
$3,600
2026-03-10
—
condos
1
1
650
$4,000
2026-01-06
—
condos
1
1
778
$2,550
2026-08-11
—
apartment
1
1
1,040
$4,432
—
—
apartment
1
2
990
$5,947
—
—
apartment
1
1
758
$2,644
—
—
apartment
1
1
754
$2,744
—
—
apartment
1
1
754
$2,725
—
—
apartment
1
1
754
$2,832
—
—
apartment
1
1
761
$2,852
—
—
apartment
1
1
652
$4,364
—
—
apartment
1
1
770
$4,550
—
—
apartment
1
1
821
$3,693
—
—
apartment
1
1
658
$3,119
—
—
apartment
1
1
658
$3,114
—
—
apartment
1
1
821
$3,975
—
—
apartment
1
1
718
$3,903
—
—
apartment
1
1
718
$3,903
—
—
apartment
1
1
722
$4,228
—
—
apartment
1
1
720
$4,303
—
—
apartment
1
1
858
$4,163
—
—
apartment
1
1
652
$4,260
—
—
apartment
1
1
652
$3,069
2026-09-02
—
apartment
1
1
779
$4,415
—
—
apartment
1
1
652
$4,396
—
—
apartment
1
2
990
$5,322
—
—
apartment
1
2
990
$5,322
—
—
apartment
1
1
652
$4,647
—
—
apartment
1
1
770
$4,640
—
—
apartment
1
1
690
$2,300
2026-08-31
—
condos
1
1
750
$2,350
2026-09-01
—
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.