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
$645,000
Down payment (20.0%)
$129,000
Loan amount
$516,000
Closing costs (5.0%)
$32,250
Total cash to close
$161,250
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)
$1,021$12,255
Insurance (placeholder 0.8% of price)
$430$5,160
HOA dues
$1,100$13,200
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$130$1,560
Total operating expenses
$2,681$32,175
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
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
1,100
$2,400
2026-06-15
—
condos
3
2
1,032
$2,900
2026-08-20
—
condos
3
2
1,094
$2,500
2026-07-13
—
condos
3
2
1,100
$2,500
2026-06-01
—
condos
3
2
1,160
$2,500
2026-08-27
—
condos
3
2
1,100
$2,500
2026-08-20
—
condos
3
2
992
$2,400
2026-08-08
—
apartment
3
2
992
$2,600
2026-08-19
—
condos
3
2
—
$2,500
2026-08-21
—
condos
3
2
1,115
$3,300
2026-07-24
—
condos
3
2
992
$2,600
2026-07-27
—
condos
3
2
1,186
$2,600
2026-07-24
—
apartment
3
2
992
$2,200
2026-04-20
—
condos
3
2
1,142
$2,500
2026-07-25
—
condos
3
2
1,345
$3,150
2026-07-02
—
condos
3
2
992
$2,350
2026-06-29
—
condos
3
2
1,093
$3,000
2026-08-06
—
condos
3
2
992
$2,500
2026-07-13
—
condos
3
2
1,020
$2,800
2026-06-04
—
condos
3
2
1,315
$2,600
2026-08-03
—
condos
3
2
1,255
$2,700
2026-07-18
—
condos
3
2
1,100
$2,800
2026-08-16
—
condos
3
2
1,255
$2,650
2026-06-12
—
apartment
3
1
1,500
$2,900
2026-07-03
—
condos
3
2
1,186
$2,450
2026-08-14
—
apartment
3
2
3,466
$3,750
2026-07-29
—
condos
3
3
1,510
$3,200
2026-08-06
—
apartment
3
1
1,094
$3,100
2026-07-14
—
condos
3
2
1,093
$3,000
2026-07-28
—
apartment
3
2
—
$2,700
—
—
condos
3
2
1,100
$2,500
2024-07-02
—
condos
3
2
1,194
$2,500
—
—
condos
3
2
1,030
$2,950
—
—
apartment
3
2
—
$2,550
—
—
apartment
3
2
1,080
$2,780
—
—
apartment
3
2
1,220
$2,750
—
—
apartment
3
2
1,638
$3,276
—
—
apartment
3
2
1,638
$3,276
—
—
condos
3
2
1,094
$2,500
2026-08-28
—
condos
3
2
1,315
$2,600
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.