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
$3,499,000
Down payment (20.0%)
$699,800
Loan amount
$2,799,200
Closing costs (5.0%)
$174,950
Total cash to close
$874,750
Income
Rent (comp-derived)
$3,775$45,300
Vacancy loss (8.0%)
Effective gross income
$3,473$41,676
Operating expenses
Property tax (placeholder 1.9% of price)
$5,540$66,481
Insurance (est. scaled by flood & wind risk)
$4,082$48,986
HOA dues
$0$0
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$189$2,265
Total operating expenses
$9,811$117,732
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)
$189$2,265
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
single_family
4
3
2,040
$3,400
2026-08-27
—
single_family
4
3
2,925
$3,500
2026-07-31
—
single_family
4
3
2,450
$3,000
2026-04-29
—
single_family
4
3
2,211
$3,100
2025-12-18
—
single_family
4
4
2,552
$3,500
2026-04-23
—
single_family
4
3
2,205
$4,325
2026-06-29
—
single_family
4
3
2,327
$3,900
2026-06-12
—
single_family
4
4
2,204
$3,850
2026-08-24
—
single_family
4
3
2,579
$4,000
2026-07-22
—
single_family
4
3
2,556
$3,699
2026-02-03
—
single_family
4
3
2,573
$4,500
2026-06-17
—
single_family
4
3
2,418
$4,200
2026-08-24
—
single_family
4
3
2,437
$3,500
2025-08-03
—
single_family
4
3
2,205
$4,200
2026-05-15
—
single_family
4
2
2,176
$3,800
2026-08-14
—
single_family
4
3
2,980
$3,750
—
—
single_family
4
3
2,245
$2,800
—
—
single_family
4
3
2,579
$3,800
—
—
single_family
4
3
2,944
$3,700
—
—
single_family
4
3
2,110
$4,100
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.