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
$5,000,000
Down payment (20.0%)
$1,000,000
Loan amount
$4,000,000
Closing costs (5.0%)
$250,000
Total cash to close
$1,250,000
Income
Rent (comp-derived)
$10,800$129,600
Vacancy loss (8.0%)
Effective gross income
$9,936$119,232
Operating expenses
Property tax (placeholder 1.9% of price)
$7,917$95,000
Insurance (est. scaled by flood & wind risk)
$7,333$88,000
HOA dues
$5,203$62,436
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$540$6,480
Total operating expenses
$20,993$251,916
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)
$540$6,480
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
1,687
$3,350
2026-04-24
—
condos
3
3
2,262
$4,500
2026-08-18
—
condos
3
3
1,610
$3,400
2026-04-30
—
condos
3
3
2,340
$6,900
2026-05-07
—
condos
3
4
2,158
$6,800
2026-04-19
—
condos
3
4
1,927
$12,000
2026-08-21
—
condos
3
3
1,840
$6,500
2026-08-28
—
condos
3
2
2,012
$3,400
2026-07-06
—
condos
3
3
1,762
$18,900
2026-08-21
—
condos
3
3
1,775
$4,500
2026-08-08
—
condos
3
3
2,120
$7,900
2026-07-09
—
condos
3
5
2,440
$10,500
2026-08-26
—
condos
3
4
2,100
$9,500
2026-08-14
—
condos
3
5
2,616
$39,000
2026-07-06
—
condos
3
3
2,084
$8,200
2026-08-20
—
condos
3
3
1,962
$7,800
2026-08-25
—
condos
3
2
1,665
$4,000
2026-07-06
—
condos
3
3
2,265
$7,000
2026-08-10
—
condos
3
4
2,770
$11,000
2026-08-06
—
condos
3
3
2,136
$8,900
2026-03-13
—
condos
3
2
1,760
$6,388
2026-05-25
—
condos
3
3
3,264
$10,500
2026-07-23
—
condos
3
3
2,214
$18,000
2026-04-21
—
condos
3
3
1,705
$5,900
2026-06-01
—
condos
3
3
2,154
$8,500
2026-04-27
—
condos
3
3
1,905
$3,950
2026-06-07
—
condos
3
4
1,974
$8,500
2026-08-15
—
condos
3
4
1,927
$11,000
2026-06-20
—
condos
3
3
2,144
$6,400
2026-04-20
—
condos
3
3
1,705
$6,100
2026-03-17
—
condos
3
3
1,840
$7,000
2026-08-10
—
condos
3
3
2,090
$9,000
2026-05-06
—
condos
3
4
2,558
$14,000
2026-08-07
—
condos
3
3
2,387
$5,800
2026-08-10
—
condos
3
5
2,665
$15,000
2026-05-11
—
condos
3
4
2,271
$22,500
2026-08-22
—
condos
3
3
2,106
$8,600
2025-10-20
—
condos
3
3
1,705
$5,850
2026-04-06
—
condos
3
4
3,063
$14,921
2026-08-08
—
condos
3
4
1,927
$12,000
2025-10-08
—
condos
3
4
2,143
$8,900
2026-04-23
—
condos
3
4
1,956
$14,000
2026-07-27
—
condos
3
3
2,430
$12,500
2026-08-24
—
condos
3
4
1,933
$13,500
2026-02-24
—
condos
3
4
2,327
$12,500
2026-08-25
—
condos
3
4
3,264
$10,500
2026-03-05
—
condos
3
4
3,130
$29,900
2025-06-02
—
condos
3
5
2,501
$25,000
2026-04-10
—
apartment
3
4
1,892
$10,000
2026-08-24
—
condos
3
5
2,670
$19,900
2026-04-28
—
condos
3
3
1,705
$6,500
2026-05-08
—
condos
3
4
1,863
$11,900
2026-08-04
—
condos
3
3
2,210
$9,500
2026-05-16
—
condos
3
3
2,106
$10,800
2026-08-12
—
condos
3
4
2,440
$12,000
2026-05-14
—
condos
3
4
2,210
$8,900
2026-08-07
—
condos
3
5
3,130
$26,000
2026-06-08
—
condos
3
3
2,150
$9,750
2026-02-03
—
condos
3
3
2,560
$12,000
2026-05-08
—
condos
3
3
2,090
$12,750
2026-05-04
—
condos
3
5
3,171
$25,000
2025-10-29
—
condos
3
3
1,686
$6,600
2026-08-24
—
condos
3
3
1,686
$7,500
2026-07-20
—
condos
3
3
2,490
$17,000
2026-07-16
—
condos
3
4
2,174
$35,000
2026-06-18
—
condos
3
4
1,974
$9,000
2026-05-01
—
condos
3
4
2,440
$10,700
2025-08-30
—
apartment
3
3
1,962
$8,590
2026-02-17
—
condos
3
4
2,100
$11,500
2025-01-20
—
condos
3
2
1,760
$7,000
2026-08-17
—
condos
3
3
1,840
$8,250
2026-08-05
—
condos
3
4
1,974
$11,998
2026-08-18
—
condos
3
5
3,018
$17,900
2018-02-02
—
condos
3
6
2,468
$21,000
2026-07-29
—
condos
3
3
2,214
$25,700
2020-03-12
—
condos
3
3
2,106
$8,250
2026-03-11
—
condos
3
4
2,210
$11,000
2026-05-05
—
condos
3
4
2,137
$33,000
2026-04-09
—
condos
3
4
1,909
$7,900
2026-05-01
—
condos
3
3
2,143
$8,985
2024-08-25
—
condos
3
4
1,921
$15,000
2026-07-14
—
condos
3
4
2,327
$13,000
2025-09-27
—
condos
3
3
1,705
$6,800
2026-05-27
—
condos
3
3
1,705
$6,500
2026-05-26
—
condos
3
4
1,979
$8,500
2026-03-23
—
condos
3
4
1,927
$12,500
2026-08-13
—
condos
3
5
3,171
$27,700
2024-09-21
—
condos
3
5
2,688
$33,000
2026-04-03
—
condos
3
5
2,688
$40,000
2026-03-11
—
condos
3
4
2,605
$10,000
2026-07-08
—
condos
3
4
2,100
$9,500
2026-04-27
—
condos
3
4
2,327
$15,000
2026-04-07
—
condos
3
4
2,390
$10,000
2026-07-23
—
condos
3
4
3,195
$25,000
2025-07-11
—
condos
3
3
1,962
$11,000
2026-05-03
—
condos
3
3
2,084
$12,500
2026-05-06
—
condos
3
4
2,327
$16,800
2026-07-31
—
condos
3
4
2,219
$9,000
2026-07-16
—
condos
3
4
2,271
$25,000
2026-08-06
—
condos
3
4
1,974
$13,500
2026-05-08
—
condos
3
4
2,726
$15,000
2026-06-11
—
condos
3
4
1,892
$9,000
2026-08-07
—
condos
3
4
1,974
$8,500
2026-04-22
—
condos
3
5
2,626
$21,000
2026-06-17
—
condos
3
5
3,080
$32,000
2026-07-07
—
condos
3
4
2,440
$10,250
2026-07-15
—
condos
3
3
2,590
$10,300
2026-05-28
—
condos
3
3
2,736
$25,000
2026-07-28
—
condos
3
4
1,892
$8,250
2026-07-23
—
condos
3
3
1,840
$8,500
2026-03-12
—
condos
3
4
3,016
$12,500
2026-06-19
—
condos
3
6
2,468
$25,000
2026-07-22
—
condos
3
3
2,090
$10,500
2026-05-01
—
condos
3
3
2,106
$9,900
2026-06-10
—
condos
3
3
2,031
$20,000
2026-03-20
—
condos
3
6
2,468
$24,500
2026-01-27
—
condos
3
3
2,560
$10,900
2026-04-03
—
condos
3
4
1,979
$9,500
2025-08-15
—
condos
3
4
2,271
$23,900
2026-08-14
—
condos
3
4
1,909
$8,950
2026-04-30
—
apartment
3
5
2,616
$38,500
2026-08-04
—
condos
3
5
3,049
$24,000
2026-04-13
—
condos
3
4
2,271
$28,000
2026-04-27
—
condos
3
4
2,354
$8,900
2026-04-20
—
condos
3
3
1,927
$10,500
2026-03-11
—
condos
3
3
2,090
$9,900
2026-03-31
—
condos
3
3
2,214
$17,500
2026-04-01
—
condos
3
4
2,736
$25,000
2026-05-01
—
condos
3
4
1,892
$8,500
2026-04-27
—
condos
3
4
2,928
$16,500
2026-01-15
—
condos
3
4
2,327
$11,000
2026-07-09
—
condos
3
4
2,327
$10,000
2026-08-06
—
condos
3
4
1,979
$10,000
2026-05-26
—
condos
3
4
1,892
$8,500
2025-12-29
—
condos
3
4
1,863
$11,700
2026-06-16
—
condos
3
3
2,106
$11,500
2025-10-13
—
condos
3
4
2,768
$13,100
2026-02-19
—
condos
3
5
2,775
$24,500
2026-01-09
—
condos
3
4
2,000
$10,000
2023-04-07
—
condos
3
4
1,892
$9,500
2025-11-28
—
condos
3
3
2,031
$21,000
2025-06-11
—
condos
3
4
2,150
$12,000
2026-05-11
—
condos
3
3
2,031
$17,500
2025-12-09
—
condos
3
3
2,214
$20,000
2026-04-23
—
condos
3
3
2,214
$22,500
2026-05-15
—
condos
3
4
2,736
$25,000
2026-04-23
—
condos
3
4
1,979
$11,000
2026-06-17
—
condos
3
3
2,106
$12,000
2025-08-13
—
condos
3
4
1,974
$10,000
2026-03-17
—
condos
3
4
2,327
$12,000
2026-01-26
—
condos
3
3
1,962
$12,000
2026-02-09
—
condos
3
4
2,327
$12,500
2026-01-13
—
condos
3
4
2,768
$24,000
2023-02-06
—
condos
3
4
2,327
$12,500
2026-04-17
—
condos
3
4
2,563
$12,500
2026-04-22
—
condos
3
3
1,935
$11,000
2026-04-14
—
condos
3
4
1,979
$9,700
2026-04-30
—
condos
3
4
1,892
$8,800
2026-08-11
—
condos
3
4
2,100
$10,500
2025-09-10
—
condos
3
4
1,892
$10,500
2026-06-11
—
condos
3
4
1,892
$8,800
2026-06-04
—
condos
3
2
1,665
$4,000
—
—
condos
3
4
2,768
$13,100
—
—
condos
3
4
2,563
$12,000
—
—
condos
3
4
2,327
$12,000
—
—
condos
3
6
2,468
$22,900
2026-07-12
—
condos
3
4
2,390
$9,500
2026-03-27
—
condos
3
4
2,390
$10,000
—
—
condos
3
4
1,979
$8,500
—
—
condos
3
3
2,590
$10,500
—
—
condos
3
3
2,042
$19,000
—
—
condos
3
4
2,271
$22,500
—
—
condos
3
4
1,927
$12,000
—
—
condos
3
3
1,705
$6,800
—
—
condos
3
3
2,084
$8,200
—
—
condos
3
4
1,974
$8,500
—
—
condos
3
3
1,686
$7,000
—
—
condos
3
3
2,225
$10,000
—
—
condos
3
6
2,468
$24,500
—
—
condos
3
4
3,195
$25,000
—
—
condos
3
4
2,271
$28,000
—
—
condos
3
3
1,705
$6,800
—
—
condos
3
4
2,563
$12,500
—
—
condos
3
3
2,106
$10,800
—
—
condos
3
3
1,892
$8,000
—
—
condos
3
3
2,340
$9,990
2026-08-22
—
condos
3
3
2,340
$13,700
2026-08-29
—
condos
3
4
3,130
$29,900
2026-09-01
—
apartment
3
3
2,240
$10,000
2026-08-31
—
condos
3
3
1,610
$3,600
2026-09-01
—
condos
3
3
1,860
$6,500
2026-09-01
—
condos
3
3
1,860
$9,000
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.
