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
$165,000
Down payment (20.0%)
$33,000
Loan amount
$132,000
Closing costs (5.0%)
$8,250
Total cash to close
$41,250
Income
Rent (comp-derived)
$2,500$30,000
Vacancy loss (8.0%)
Effective gross income
$2,300$27,600
Operating expenses
Property tax (placeholder 1.9% of price)
$261$3,135
Insurance (est. scaled by flood & wind risk)
$242$2,904
HOA dues
$550$6,600
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$125$1,500
Total operating expenses
$1,178$14,139
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)
$125$1,500
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
1
1
566
$3,102
2025-07-03
—
condos
1
1
671
$1,945
2026-07-22
—
apartment
1
1
540
$2,050
2026-07-17
—
apartment
1
1
450
$1,800
2026-07-15
—
apartment
1
1
500
$2,200
2026-08-22
—
condos
1
1
580
$2,250
2026-08-24
—
apartment
1
1
350
$1,800
2026-08-14
—
condos
1
1
470
$1,699
2026-08-20
—
condos
1
1
610
$2,500
2026-05-19
—
condos
1
1
667
$2,850
2026-04-21
—
apartment
1
1
670
$2,295
2026-06-25
—
condos
1
1
470
$1,650
2026-07-20
—
condos
1
1
603
$3,200
2026-08-20
—
condos
1
1
570
$2,600
2025-10-23
—
condos
1
1
603
$2,500
2026-08-07
—
condos
1
1
600
$2,500
2026-08-08
—
condos
1
1
550
$2,600
2026-05-07
—
condos
1
1
645
$2,500
2026-07-23
—
condos
1
1
610
$2,800
2022-08-04
—
apartment
1
1
570
$3,500
2026-02-20
—
condos
1
1
600
$2,500
2026-05-27
—
condos
1
1
500
$2,400
2026-06-08
—
condos
1
1
360
$4,000
2026-03-16
—
apartment
1
1
671
$5,025
2026-05-15
—
condos
1
1
670
$3,000
2026-06-17
—
condos
1
1
500
$2,400
—
—
condos
1
1
457
$2,100
2026-08-30
—
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.