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
$1,200,000
Down payment (20.0%)
$240,000
Loan amount
$960,000
Closing costs (5.0%)
$60,000
Total cash to close
$300,000
Income
Rent (comp-derived)
$7,800$93,600
Vacancy loss (8.0%)
Effective gross income
$7,176$86,112
Operating expenses
Property tax (placeholder 1.9% of price)
$1,900$22,800
Insurance (placeholder 0.8% of price)
$800$9,600
HOA dues
$13$156
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$390$4,680
Total operating expenses
$3,103$37,236
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)
$390$4,680
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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
Address
Type
Beds
Baths
Sqft
Asking rent
Listed
Days on market
single_family
3
2
1,346
$5,800
2026-04-16
—
single_family
3
3
2,125
$10,350
2026-03-18
—
single_family
3
3
1,922
$7,500
2026-06-28
—
single_family
3
2
1,385
$6,750
2026-08-24
—
single_family
3
2
1,475
$6,300
2026-07-02
—
single_family
3
2
1,398
$4,700
2026-08-11
—
single_family
3
3
1,819
$13,000
2026-07-28
—
single_family
3
2
1,594
$5,950
2026-06-23
—
single_family
3
3
2,142
$9,500
2026-05-02
—
single_family
3
2
1,700
$9,000
2026-06-04
—
single_family
3
2
1,793
$7,900
2026-07-31
—
single_family
3
2
2,095
$7,800
2026-04-10
—
single_family
3
2
1,704
$8,750
2026-07-01
—
single_family
3
2
1,485
$6,762
—
—
single_family
3
3
1,495
$11,000
2026-09-01
—
single_family
3
2
1,568
$5,750
—
—
single_family
3
2
2,194
$15,200
2026-08-03
—
single_family
3
3
1,840
$7,990
2026-08-17
—
single_family
3
3
2,202
$12,750
2026-08-25
—
single_family
3
2
1,739
$7,300
2026-07-01
—
single_family
3
2
1,447
$6,800
2026-08-27
—
single_family
3
3
2,329
$6,500
2026-06-23
—
single_family
3
2
2,019
$7,998
2026-06-26
—
single_family
3
2
1,442
$6,500
2026-08-10
—
single_family
3
3
2,545
$8,000
2026-08-10
—
single_family
3
3
2,553
$10,500
2026-05-28
—
single_family
3
2
1,708
$6,100
2026-06-17
—
single_family
3
3
1,988
$10,500
2026-07-13
—
single_family
3
2
2,058
$7,000
2026-05-16
—
single_family
3
2
1,921
$7,000
2026-06-10
—
single_family
3
2
2,127
$14,998
2026-05-11
—
single_family
3
2
1,935
$6,500
2026-07-31
—
single_family
3
4
2,254
$14,500
2026-07-21
—
single_family
3
2
1,565
$12,500
2026-08-06
—
single_family
3
2
1,718
$8,500
2026-08-19
—
single_family
3
3
2,417
$7,500
—
—
single_family
3
2
1,748
$10,000
—
—
single_family
3
2
1,900
$15,000
—
—
single_family
3
2
1,399
$7,200
—
—
single_family
3
2
1,431
$5,000
2026-08-24
—
single_family
3
2
1,725
$6,000
2026-08-31
—
single_family
3
3
2,144
$11,800
2026-09-01
—
single_family
3
2
1,641
$6,000
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.