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
$580,000
Down payment (20.0%)
$116,000
Loan amount
$464,000
Closing costs (5.0%)
$29,000
Total cash to close
$145,000
Income
Rent (comp-derived)
$3,400$40,800
Vacancy loss (8.0%)
Effective gross income
$3,128$37,536
Operating expenses
Property tax (placeholder 1.9% of price)
$918$11,020
Insurance (placeholder 0.8% of price)
$387$4,640
HOA dues
$294$3,528
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$170$2,040
Total operating expenses
$1,769$21,228
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)
$170$2,040
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
townhomes
4
4
—
$3,500
2026-08-05
—
townhomes
4
3
1,658
$3,400
2026-08-01
—
townhomes
4
3
1,590
$3,200
2026-06-25
—
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.