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
$200,000
Down payment (20.0%)
$40,000
Loan amount
$160,000
Closing costs (5.0%)
$10,000
Total cash to close
$50,000
Income
Rent (comp-derived)
$2,000$24,000
Vacancy loss (8.0%)
Effective gross income
$1,840$22,080
Operating expenses
Property tax (placeholder 1.9% of price)
$317$3,800
Insurance (est. scaled by flood & wind risk)
$293$3,520
HOA dues
$328$3,936
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$100$1,200
Total operating expenses
$1,038$12,456
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)
$100$1,200
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
3
2
1,302
$2,400
2026-04-26
—
condos
3
3
1,423
$1,914
2026-03-30
—
condos
3
2
1,099
$1,800
2026-09-02
—
condos
3
3
1,509
$1,800
2026-04-13
—
apartment
3
2
1,099
$1,850
2026-05-22
—
condos
3
2
1,076
$1,775
2026-07-23
—
condos
3
2
1,060
$1,850
2026-07-02
—
condos
3
3
1,302
$2,000
2026-03-21
—
condos
3
3
1,452
$2,200
2026-08-10
—
condos
3
2
1,182
$1,790
2026-06-11
—
condos
3
2
1,024
$1,850
2026-06-23
—
apartment
3
2
1,166
$2,000
2025-02-02
—
condos
3
3
1,423
$2,000
2026-05-30
—
condos
3
2
1,076
$1,900
2026-08-11
—
condos
3
2
1,024
$2,000
2026-05-03
—
condos
3
2
1,099
$2,100
2026-08-20
—
condos
3
2
1,182
$1,900
2026-08-14
—
condos
3
2
1,099
$2,300
2026-06-23
—
condos
3
2
1,182
$1,950
2026-07-17
—
apartment
3
2
1,182
$1,800
2026-06-26
—
condos
3
2
1,076
$1,900
2026-06-02
—
condos
3
3
1,545
$2,380
2026-05-15
—
condos
3
2
1,060
$1,900
2026-07-15
—
condos
3
2
1,076
$1,900
2026-06-18
—
condos
3
2
1,182
$1,900
2026-07-10
—
condos
3
2
1,099
$2,175
2026-08-14
—
condos
3
2
1,182
$2,000
2026-04-14
—
condos
3
2
1,166
$2,000
2026-08-07
—
condos
3
2
1,024
$2,000
2026-08-10
—
condos
3
2
1,060
$1,900
2026-06-29
—
condos
3
2
1,166
$2,050
2026-07-13
—
condos
3
2
1,060
$2,000
2026-07-10
—
condos
3
2
1,182
$2,000
2026-06-27
—
condos
3
2
1,076
$2,000
2026-04-24
—
condos
3
2
1,182
$2,300
2026-08-05
—
condos
3
2
1,166
$2,000
2026-08-03
—
condos
3
2
1,220
$2,200
2026-03-12
—
condos
3
2
1,166
$2,300
2026-08-04
—
condos
3
2
1,166
$2,200
2026-06-08
—
condos
3
2
1,076
$2,600
2026-06-24
—
condos
3
2
1,125
$2,400
2026-05-20
—
apartment
3
3
1,387
$2,394
—
—
apartment
3
3
1,387
$2,394
—
—
apartment
3
3
1,501
$2,444
—
—
apartment
3
3
1,501
$2,498
—
—
apartment
3
3
1,501
$2,498
—
—
apartment
3
3
1,501
$2,461
—
—
apartment
3
3
1,387
$2,394
—
—
apartment
3
3
1,501
$2,444
—
—
apartment
3
3
1,387
$2,343
—
—
apartment
3
3
1,387
$2,394
—
—
condos
3
3
1,328
$2,500
2026-03-16
—
condos
3
2
1,076
$2,000
2026-08-31
—
condos
3
2
1,099
$2,100
2026-08-31
—
condos
3
2
1,099
$2,200
2026-08-31
—
condos
3
3
1,423
$2,000
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.