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
$1,399,000
Down payment (20.0%)
$279,800
Loan amount
$1,119,200
Closing costs (5.0%)
$69,950
Total cash to close
$349,750
Income
Rent (comp-derived)
$2,850$34,200
Vacancy loss (8.0%)
Effective gross income
$2,622$31,464
Operating expenses
Property tax (placeholder 1.9% of price)
$2,215$26,581
Insurance (placeholder 0.8% of price)
$933$11,192
HOA dues
$1,663$19,956
Management (0.0% of EGI)
$0$0
Maintenance (5.0% of GSR)
$143$1,710
Total operating expenses
$4,953$59,439
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)
$143$1,710
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
2
2
1,035
$6,495
2025-12-09
—
apartment
2
2
1,018
$4,500
—
—
apartment
2
2
1,061
$3,800
2026-08-17
—
condos
2
2
1,048
$2,700
2026-07-03
—
apartment
2
1
750
$1,900
2026-07-21
—
condos
2
2
980
$1,950
2026-05-08
—
condos
2
2
1,020
$3,100
2026-08-27
—
condos
2
2
1,030
$2,800
2026-08-28
—
condos
2
2
1,020
$3,200
2026-06-10
—
condos
2
2
740
$2,550
2026-06-24
—
apartment
2
1
899
$1,950
2026-08-13
—
condos
2
2
1,080
$2,800
2026-07-17
—
apartment
2
1
900
$2,600
2026-08-08
—
apartment
2
1
869
$2,000
2026-07-21
—
apartment
2
1
1,075
$2,850
2026-08-27
—
apartment
2
2
920
$3,250
2026-08-26
—
condos
2
2
995
$10,000
2026-08-28
—
condos
2
2
1,020
$2,600
2026-08-25
—
condos
2
2
1,023
$2,500
2026-07-13
—
condos
2
3
1,018
$3,700
2026-05-07
—
condos
2
2
1,030
$2,700
2026-06-16
—
condos
2
2
1,092
$2,600
2026-08-20
—
condos
2
2
1,030
$3,800
2026-08-20
—
apartment
2
1
900
$2,300
2026-08-23
—
condos
2
2
802
$2,300
2025-11-07
—
apartment
2
2
796
$2,250
2026-08-06
—
apartment
2
1
800
$1,800
2026-08-03
—
condos
2
1
577
$1,975
2026-04-15
—
condos
2
2
1,030
$2,800
2026-06-04
—
condos
2
2
1,030
$2,850
2026-07-31
—
condos
2
1
726
$2,100
2026-08-21
—
condos
2
2
1,020
$2,900
2026-07-07
—
apartment
2
2
900
$2,300
2026-03-18
—
apartment
2
2
920
$3,400
2026-08-05
—
condos
2
2
1,030
$2,500
2026-01-16
—
condos
2
2
1,031
$2,600
2026-08-06
—
condos
2
2
1,035
$6,500
2026-08-23
—
condos
2
2
1,068
$2,700
2026-03-11
—
condos
2
1
751
$2,150
2026-05-22
—
condos
2
2
1,030
$2,790
2026-06-04
—
condos
2
2
1,030
$2,700
2026-04-16
—
condos
2
2
1,030
$2,750
2026-08-03
—
condos
2
2
1,005
$3,100
2026-08-09
—
condos
2
2
1,030
$2,800
2026-07-30
—
condos
2
2
1,022
$3,400
2026-08-04
—
condos
2
2
910
$2,500
2026-05-29
—
condos
2
2
943
$5,000
2022-07-20
—
condos
2
2
997
$2,700
2026-08-05
—
apartment
2
2
921
$2,400
2025-10-03
—
condos
2
2
748
$2,400
2026-08-16
—
condos
2
2
1,080
$5,900
2026-08-14
—
condos
2
2
1,074
$2,700
2026-07-02
—
condos
2
2
1,000
$2,700
2026-05-11
—
apartment
2
2
1,003
$3,500
2026-05-31
—
condos
2
2
1,086
$2,600
2026-08-19
—
apartment
2
2
1,038
$2,650
2026-03-23
—
condos
2
2
1,030
$2,900
2026-08-12
—
apartment
2
1
950
$2,450
2026-08-13
—
condos
2
2
1,072
$3,200
2026-05-11
—
condos
2
2
1,030
$2,900
2026-08-13
—
condos
2
2
1,061
$2,900
2026-07-06
—
condos
2
2
1,080
$2,790
2026-07-24
—
condos
2
2
952
$4,800
2026-04-11
—
apartment
2
2
1,018
$3,138
2026-08-14
—
condos
2
2
1,000
$3,000
2026-06-06
—
condos
2
2
1,030
$3,000
2026-07-01
—
apartment
2
1
913
$2,350
2026-04-29
—
condos
2
2
1,061
$3,000
2026-07-28
—
condos
2
1
1,000
$2,600
2026-06-30
—
condos
2
2
1,061
$2,800
2026-08-06
—
condos
2
2
1,000
$2,850
2026-05-04
—
condos
2
2
1,005
$3,250
2026-08-08
—
condos
2
1
580
$2,345
2026-06-23
—
condos
2
2
1,061
$3,125
2026-08-07
—
condos
2
2
1,030
$3,500
2026-06-11
—
apartment
2
1
700
$2,050
2026-07-21
—
condos
2
2
798
$2,500
2026-03-27
—
condos
2
2
1,061
$3,100
2026-03-05
—
apartment
2
2
1,050
$2,650
2026-06-27
—
condos
2
2
887
$6,000
2025-12-12
—
condos
2
2
809
$8,000
2026-08-11
—
apartment
2
2
1,030
$3,200
2026-07-10
—
condos
2
2
952
$5,000
2026-06-07
—
condos
2
2
952
$4,500
2026-04-22
—
condos
2
2
698
$6,500
2026-06-19
—
condos
2
2
884
$10,500
2026-07-08
—
condos
2
2
1,048
$8,000
2026-04-16
—
condos
2
2
809
$9,900
2025-07-07
—
condos
2
2
887
$5,920
2025-08-27
—
condos
2
2
1,035
$6,500
2026-04-07
—
condos
2
2
942
$5,950
2025-03-06
—
condos
2
2
1,035
$7,500
2026-03-18
—
condos
2
2
1,084
$13,950
2026-08-11
—
apartment
2
1
882
$2,105
2026-08-27
—
condos
2
2
1,000
$2,500
—
—
condos
2
2
1,000
$4,200
—
—
condos
2
2
1,042
$2,400
—
—
apartment
2
2
1,089
$3,133
—
—
apartment
2
1
850
$2,150
2026-08-24
—
apartment
2
2
1,060
$2,950
—
—
apartment
2
2
1,032
$3,074
—
—
condos
2
2
920
$3,400
—
—
apartment
2
2
1,089
$3,174
—
—
condos
2
2
887
$5,920
—
—
apartment
2
2
1,018
$3,100
—
—
apartment
2
2
1,018
$3,144
—
—
apartment
2
2
839
$2,600
—
—
apartment
2
2
1,036
$3,309
—
—
condos
2
2
1,030
$4,000
2026-08-14
—
condos
2
2
1,086
$3,500
2026-07-20
—
condos
2
1
740
$2,300
2026-08-31
—
apartment
2
1
577
$1,550
2026-08-31
—
condos
2
2
1,064
$3,000
2026-08-31
—
apartment
2
1
809
$2,750
2026-09-01
—
condos
2
2
1,030
$2,800
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.