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
$451,960
Down payment (20.0%)
$90,392
Loan amount
$361,568
Closing costs (5.0%)
$22,598
Total cash to close
$112,990
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)
$716$8,587
Insurance (est. scaled by flood & wind risk)
$482$5,785
HOA dues
$19$228
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$125$1,500
Total operating expenses
$1,342$16,100
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
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
townhomes
2
1
1,775
$2,400
2026-07-24
—
townhomes
2
3
1,122
$2,200
2026-05-27
—
townhomes
2
2
1,000
$2,490
2026-05-26
—
townhomes
2
2
1,032
$2,600
2026-08-03
—
townhomes
2
3
1,150
$2,800
2026-08-26
—
townhomes
2
2
1,150
$2,400
2026-08-11
—
townhomes
2
3
1,150
$2,400
2026-08-11
—
townhomes
2
3
1,241
$2,650
2026-08-25
—
townhomes
2
2
1,020
$2,500
2026-08-11
—
townhomes
2
2
1,665
$3,500
2026-07-13
—
townhomes
2
2
991
$2,850
2026-08-05
—
townhomes
2
3
1,350
$2,400
2026-01-26
—
townhomes
2
3
1,350
$2,500
2025-10-13
—
townhomes
2
2
1,090
$2,300
2026-07-02
—
townhomes
2
2
980
$2,400
2026-07-17
—
townhomes
2
3
1,441
$2,975
2026-08-26
—
townhomes
2
2
970
$2,250
2026-07-06
—
townhomes
2
3
1,316
$2,850
2026-08-27
—
townhomes
2
3
1,361
$2,850
2026-07-27
—
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.