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
$480,000
Down payment (20.0%)
$96,000
Loan amount
$384,000
Closing costs (5.0%)
$24,000
Total cash to close
$120,000
Income
Rent (comp-derived)
$3,175$38,100
Vacancy loss (8.0%)
Effective gross income
$2,921$35,052
Operating expenses
Property tax (real MLS tax bill, from Realtor Search)
$610$7,319
Insurance (placeholder 0.8% of price)
$320$3,840
HOA dues
$150$1,800
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$159$1,905
Total operating expenses
$1,239$14,864
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)
$159$1,905
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
3
3
1,580
$3,300
2026-08-11
—
townhomes
3
3
1,174
$2,800
2026-07-07
—
townhomes
3
3
1,550
$3,100
2026-06-11
—
townhomes
3
3
1,600
$3,000
2026-05-12
—
townhomes
3
3
1,600
$3,250
2026-07-29
—
townhomes
3
3
1,560
$3,300
2026-09-01
—
Widened to any bedroom count in ZIP. 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.