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
$999,999
Down payment (20.0%)
$200,000
Loan amount
$799,999
Closing costs (5.0%)
$50,000
Total cash to close
$250,000
Income
Rent (comp-derived)
$5,988$71,850
Vacancy loss (8.0%)
Effective gross income
$5,509$66,102
Operating expenses
Property tax (placeholder 1.9% of price)
$1,583$19,000
Insurance (placeholder 0.8% of price)
$667$8,000
HOA dues
$2,665$31,980
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$299$3,593
Total operating expenses
$5,214$62,572
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)
$299$3,593
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
3
3
1,765
$4,200
2026-08-19
—
condos
3
3
1,533
$2,950
2026-07-23
—
condos
3
3
1,533
$3,100
2026-06-17
—
condos
3
3
1,500
$3,600
2026-05-08
—
condos
3
3
2,560
$9,000
2026-04-12
—
condos
3
3
1,600
$7,500
2024-01-24
—
condos
3
3
1,693
$4,000
2025-12-16
—
apartment
3
2
1,484
$3,226
—
—
apartment
3
2
1,580
$3,309
—
—
apartment
3
2
1,484
$3,323
—
—
apartment
3
2
1,580
$3,399
—
—
condos
3
2
1,800
$7,500
2026-08-28
—
condos
3
3
1,927
$5,300
2026-08-27
—
condos
3
2
1,815
$7,500
2026-08-27
—
condos
3
2
1,825
$7,000
2026-08-24
—
condos
3
2
1,820
$4,900
2026-08-24
—
apartment
3
3
1,694
$4,400
2026-05-07
—
condos
3
3
1,694
$4,300
2026-03-22
—
condos
3
3
1,720
$4,300
2026-03-25
—
condos
3
2
1,600
$4,500
2026-08-31
—
condos
3
3
2,228
$6,500
2026-06-22
—
condos
3
2
1,990
$5,500
2026-07-28
—
condos
3
3
2,240
$6,000
2026-05-22
—
condos
3
4
2,970
$9,000
2026-08-26
—
condos
3
3
1,688
$3,100
2026-04-08
—
condos
3
3
1,760
$5,400
2026-03-14
—
condos
3
2
1,525
$4,500
2026-05-27
—
condos
3
3
1,694
$6,900
2026-08-19
—
condos
3
3
2,800
$13,400
2026-02-04
—
condos
3
3
1,825
$7,600
2026-07-17
—
condos
3
3
1,870
$6,500
2026-02-27
—
condos
3
3
2,509
$9,000
2026-07-28
—
condos
3
3
1,580
$6,000
2026-03-06
—
condos
3
5
2,890
$14,500
2026-04-07
—
condos
3
3
2,720
$9,000
2026-06-10
—
condos
3
3
1,725
$4,850
2026-05-20
—
condos
3
3
1,833
$8,000
2026-03-31
—
condos
3
5
2,518
$13,000
2026-07-10
—
condos
3
4
2,130
$9,500
2026-06-17
—
condos
3
4
2,130
$9,500
2026-08-06
—
condos
3
2
1,667
$5,000
2026-03-12
—
condos
3
3
2,080
$7,500
2026-03-11
—
condos
3
4
2,950
$11,000
2025-05-05
—
condos
3
4
2,400
$15,000
2026-03-25
—
condos
3
2
1,696
$6,400
2025-12-09
—
condos
3
4
1,900
$6,000
2025-11-19
—
condos
3
4
2,657
$12,800
2025-09-07
—
condos
3
5
2,890
$25,000
2026-03-26
—
condos
3
3
1,866
$7,500
2026-04-29
—
condos
3
2
1,815
$7,500
—
—
apartment
3
2
1,484
$3,323
—
—
condos
3
2
1,865
$6,500
2026-07-30
—
condos
3
2
1,700
$6,000
2026-07-30
—
condos
3
3
1,600
$3,975
—
—
apartment
3
2
1,609
$6,525
—
—
apartment
3
2
1,484
$3,112
—
—
apartment
3
2
1,484
$3,184
—
—
apartment
3
2
1,484
$3,314
—
—
apartment
3
2
1,484
$3,266
—
—
apartment
3
2
1,484
$3,323
—
—
apartment
3
2
1,480
$4,075
—
—
apartment
3
2
1,480
$4,075
—
—
apartment
3
2
1,480
$4,175
—
—
apartment
3
2
1,480
$4,075
—
—
apartment
3
2
1,631
$5,850
—
—
apartment
3
2
1,609
$5,975
—
—
apartment
3
2
1,631
$6,150
—
—
apartment
3
2
1,609
$6,225
—
—
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.