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
$1,225,000
Down payment (20.0%)
$245,000
Loan amount
$980,000
Closing costs (5.0%)
$61,250
Total cash to close
$306,250
Income
Rent (comp-derived)
$5,500$66,000
Vacancy loss (8.0%)
Effective gross income
$5,060$60,720
Operating expenses
Property tax (placeholder 1.9% of price)
$1,940$23,275
Insurance (placeholder 0.8% of price)
$817$9,800
HOA dues
$1,525$18,300
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$275$3,300
Total operating expenses
$4,556$54,675
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)
$275$3,300
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
2
2
1,368
$5,500
2025-01-28
—
apartment
2
1
1,000
$2,795
2023-12-07
—
condos
2
2
1,052
$2,875
2025-07-22
—
condos
2
2
1,030
$3,000
2026-08-05
—
condos
2
1
930
$2,800
2026-08-21
—
apartment
2
1
950
$1,950
2026-08-05
—
condos
2
2
1,024
$3,650
2026-08-25
—
apartment
2
3
1,441
$4,500
2026-07-21
—
condos
2
2
1,800
$4,250
2026-08-24
—
condos
2
3
1,740
$8,500
2026-06-23
—
apartment
2
2
1,100
$3,250
2026-06-18
—
condos
2
1
1,060
$3,870
2026-08-20
—
condos
2
2
1,056
$5,500
2026-08-22
—
condos
2
2
1,463
$3,100
2026-08-14
—
condos
2
2
1,300
$3,800
2026-08-06
—
condos
2
2
1,400
$3,000
2026-04-24
—
apartment
2
2
1,250
$2,650
2026-07-21
—
apartment
2
2
1,056
$4,100
2026-07-07
—
condos
2
2
1,260
$6,500
2026-06-04
—
condos
2
3
1,599
$23,000
2026-08-28
—
condos
2
2
1,388
$4,800
2026-05-22
—
apartment
2
2
1,000
$3,250
2026-05-07
—
condos
2
2
1,111
$3,500
2026-06-10
—
condos
2
2
1,310
$3,500
2025-08-19
—
condos
2
3
1,329
$8,500
2026-08-11
—
condos
2
2
929
$2,390
2026-05-25
—
apartment
2
2
1,599
$2,499
2026-06-04
—
condos
2
3
1,560
$5,750
2026-08-18
—
condos
2
2
1,630
$6,000
2026-08-21
—
condos
2
3
1,599
$15,000
2026-06-11
—
apartment
2
2
1,475
$4,500
2026-05-14
—
apartment
2
2
1,300
$2,999
2026-07-26
—
apartment
2
1
1,000
$2,350
2026-03-20
—
condos
2
2
1,049
$2,900
2026-06-10
—
condos
2
2
1,024
$3,950
2026-08-19
—
condos
2
2
1,020
$2,850
2026-07-07
—
condos
2
2
1,299
$6,000
2026-08-24
—
condos
2
3
1,704
$17,000
2026-08-21
—
condos
2
3
1,685
$16,000
2026-02-20
—
condos
2
2
1,122
$3,600
2026-08-03
—
condos
2
2
1,285
$6,000
2026-07-07
—
apartment
2
1
1,300
$2,999
2026-07-26
—
apartment
2
2
1,100
$2,300
2026-04-28
—
condos
2
2
1,001
$3,650
2026-08-11
—
apartment
2
2
1,500
$2,600
2026-04-28
—
condos
2
2
929
$2,500
2026-02-06
—
condos
2
2
1,002
$3,500
2026-07-10
—
condos
2
2
1,190
$3,000
2026-07-14
—
apartment
2
1
1,000
$2,350
2026-04-21
—
apartment
2
2
1,434
$4,500
2025-11-17
—
condos
2
2
975
$2,700
2026-08-11
—
condos
2
2
1,688
$6,000
2026-06-25
—
condos
2
2
1,150
$4,500
2026-06-12
—
condos
2
2
1,260
$4,200
2026-07-15
—
condos
2
2
1,024
$3,500
2026-05-29
—
condos
2
3
1,740
$7,500
2026-08-12
—
condos
2
3
1,441
$3,000
2026-07-08
—
condos
2
2
1,570
$3,900
2026-05-22
—
condos
2
2
1,056
$5,500
2026-07-09
—
condos
2
2
1,002
$3,450
2026-05-12
—
condos
2
2
1,230
$4,250
2026-08-18
—
condos
2
2
1,056
$6,500
2026-05-15
—
condos
2
2
1,056
$5,500
2026-07-08
—
condos
2
2
1,379
$4,850
2026-06-11
—
condos
2
2
918
$2,750
2026-05-18
—
condos
2
2
1,040
$4,600
2026-08-01
—
condos
2
2
1,342
$3,600
2026-07-20
—
condos
2
2
1,118
$4,250
2026-08-09
—
condos
2
2
1,056
$6,300
2026-08-03
—
condos
2
2
1,485
$4,700
2024-12-30
—
condos
2
2
1,303
$5,950
2026-07-25
—
apartment
2
1
1,000
$2,350
2026-05-26
—
condos
2
3
1,248
$4,900
2026-07-24
—
apartment
2
1
1,000
$2,350
2026-03-20
—
condos
2
2
1,434
$4,700
2026-07-27
—
condos
2
2
1,100
$4,900
2026-06-02
—
condos
2
3
1,484
$4,500
2026-07-10
—
condos
2
2
1,277
$4,500
2026-01-06
—
apartment
2
1
1,000
$2,350
2026-04-20
—
apartment
2
1
1,000
$2,350
2026-04-21
—
condos
2
2
1,010
$3,975
2026-06-02
—
condos
2
3
1,685
$19,000
2026-08-12
—
condos
2
2
1,400
$7,650
2026-03-02
—
condos
2
2
1,412
$4,500
2025-09-17
—
condos
2
3
1,861
$10,500
2026-03-20
—
condos
2
2
1,356
$4,300
2025-09-02
—
apartment
2
3
1,599
$18,500
2026-05-11
—
condos
2
2
1,110
$3,100
2026-05-05
—
condos
2
2
1,040
$3,675
2026-07-04
—
condos
2
3
1,202
$8,000
2026-07-13
—
condos
2
2
1,388
$7,500
2026-08-20
—
condos
2
2
1,153
$5,500
2026-07-01
—
apartment
2
1
1,000
$2,350
2026-03-20
—
apartment
2
1
1,000
$2,350
2026-04-20
—
condos
2
2
1,450
$6,700
2026-08-07
—
condos
2
3
1,685
$24,000
2026-07-16
—
condos
2
3
1,657
$34,000
2023-12-14
—
condos
2
3
1,327
$10,000
2026-02-27
—
condos
2
3
1,704
$19,000
2026-08-04
—
condos
2
2
1,150
$4,850
2026-06-25
—
condos
2
1
930
$4,200
2026-07-13
—
condos
2
2
1,541
$20,000
2026-02-12
—
condos
2
3
1,420
$9,900
2026-07-17
—
condos
2
2
1,002
$3,600
2025-09-08
—
condos
2
2
1,056
$7,000
2026-07-06
—
condos
2
3
1,685
$35,000
2026-08-17
—
condos
2
2
1,002
$3,850
2025-03-19
—
condos
2
2
1,434
$4,200
2026-08-07
—
condos
2
3
1,430
$6,500
2026-07-07
—
condos
2
2
1,170
$7,500
2026-06-02
—
condos
2
3
1,704
$19,000
2026-06-11
—
condos
2
2
1,206
$6,500
2026-02-20
—
condos
2
2
1,150
$6,500
2026-02-18
—
condos
2
2
1,150
$6,500
2026-06-29
—
condos
2
2
1,056
$5,600
2026-07-07
—
condos
2
3
1,685
$23,000
2026-07-06
—
condos
2
3
1,861
$11,000
2026-03-18
—
condos
2
2
1,056
$6,000
2026-06-08
—
condos
2
2
993
$5,000
2026-07-17
—
condos
2
3
1,777
$25,000
2026-04-22
—
condos
2
2
1,224
$4,500
2026-06-03
—
condos
2
2
1,056
$6,500
2026-05-20
—
condos
2
3
1,599
$19,500
2025-07-08
—
condos
2
3
1,685
$24,000
2026-08-17
—
condos
2
3
1,685
$23,000
2025-09-15
—
condos
2
3
1,457
$23,000
2026-05-11
—
condos
2
2
1,056
$6,500
2026-07-28
—
condos
2
3
1,777
$25,000
2026-05-19
—
apartment
2
2
1,161
$30,310
2026-07-03
—
condos
2
2
1,261
$26,000
2026-03-23
—
condos
2
2
1,388
$7,500
2026-08-11
—
condos
2
3
1,701
$13,900
2026-07-11
—
condos
2
3
1,388
$10,000
2026-03-18
—
condos
2
3
1,560
$10,000
2026-04-10
—
condos
2
3
1,391
$8,200
2026-05-27
—
condos
2
2
1,229
$8,500
2025-11-04
—
condos
2
2
1,514
$10,000
2026-04-05
—
condos
2
2
1,056
$7,000
2026-04-23
—
condos
2
3
1,849
$15,000
2026-07-21
—
condos
2
3
1,704
$21,000
2026-03-03
—
condos
2
3
1,600
$9,000
2026-07-14
—
condos
2
2
1,056
$6,900
2026-06-04
—
condos
2
2
1,056
$7,100
2026-08-08
—
condos
2
3
1,704
$22,000
2026-03-31
—
condos
2
2
1,056
$5,700
2026-05-07
—
condos
2
3
1,849
$14,000
2026-07-16
—
condos
2
3
1,756
$16,990
2026-06-18
—
condos
2
3
1,657
$34,000
2025-01-23
—
condos
2
2
1,236
$9,800
2026-07-08
—
condos
2
3
1,211
$8,000
2026-05-05
—
condos
2
2
1,350
$3,550
—
—
condos
2
2
1,024
$3,650
—
—
apartment
2
1.5
1,077
$2,675
2024-06-01
—
condos
2
3
1,600
$4,500
—
—
condos
2
3
1,704
$15,500
—
—
condos
2
2
1,142
$5,500
—
—
condos
2
1
1,060
$3,870
—
—
condos
2
2
1,463
$3,100
—
—
apartment
2
2
1,325
$8,300
—
—
condos
2
3
1,407
$8,000
2026-07-09
—
condos
2
2
930
$3,825
—
—
apartment
2
1
930
$2,800
—
—
condos
2
2
1,192
$3,300
—
—
condos
2
2
1,342
$3,600
—
—
condos
2
3
1,599
$15,000
—
—
condos
2
2
1,280
$5,600
—
—
apartment
2
2
947
$5,000
—
—
condos
2
2
1,303
$5,950
—
—
apartment
2
2
1,790
$9,650
—
—
apartment
2
2
1,400
$8,200
—
—
condos
2
2
1,056
$6,000
—
—
condos
2
2
927
$4,000
2026-08-28
—
condos
2
2
1,261
$23,000
2026-08-31
—
condos
2
3
1,614
$7,000
2026-09-01
—
condos
2
2
1,728
$7,500
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.
