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
$228,000
Down payment (20.0%)
$45,600
Loan amount
$182,400
Closing costs (5.0%)
$11,400
Total cash to close
$57,000
Income
Rent (comp-derived)
$2,050$24,600
Vacancy loss (8.0%)
Effective gross income
$1,886$22,632
Operating expenses
Property tax (placeholder 1.9% of price)
$361$4,332
Insurance (placeholder 0.8% of price)
$152$1,824
HOA dues
$294$3,528
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$103$1,230
Total operating expenses
$910$10,914
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)
$103$1,230
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
condos
1
1
648
$1,950
2026-08-20
—
apartment
1
1
630
$1,800
2024-12-18
—
condos
1
1
654
$2,000
2026-08-11
—
condos
1
1
635
$1,700
2026-07-10
—
condos
1
1
665
$1,800
2026-06-26
—
condos
1
1
665
$2,150
2026-06-17
—
condos
1
1
560
$1,750
2026-06-17
—
condos
1
1
635
$1,800
2026-04-13
—
condos
1
1
635
$1,800
2026-03-11
—
condos
1
1
665
$1,950
2026-08-24
—
apartment
1
1
650
$2,375
—
—
apartment
1
1
650
$2,375
—
—
apartment
1
1
600
$2,252
—
—
apartment
1
1
684
$2,475
—
—
apartment
1
1
682
$2,621
—
—
apartment
1
1
500
$1,499
2026-06-23
—
condos
1
1
635
$1,750
2026-08-27
—
condos
1
1
510
$1,875
2026-08-26
—
condos
1
1
522
$2,000
2026-08-04
—
condos
1
1
612
$2,300
2026-07-02
—
condos
1
1
665
$2,000
2026-08-26
—
condos
1
1
451
$1,850
2026-03-05
—
condos
1
1
665
$2,200
2026-08-26
—
condos
1
1
522
$2,100
2026-07-15
—
condos
1
1
510
$2,500
2026-08-24
—
condos
1
1
510
$2,000
2026-06-11
—
apartment
1
1
451
$2,000
2026-07-15
—
condos
1
1
499
$1,960
2026-07-13
—
condos
1
1
612
$2,500
2026-06-17
—
condos
1
1
522
$2,150
2026-06-02
—
condos
1
1
652
$2,300
2026-07-08
—
condos
1
1
652
$2,400
2026-08-03
—
apartment
1
1
652
—
2024-04-12
—
apartment
1
1
626
$2,305
2025-10-14
—
apartment
1
1
646
$2,579
—
—
apartment
1
1
646
$2,649
—
—
apartment
1
1
646
$2,639
—
—
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.