ZIP CODE 33032 // MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL // DATA AS OF 2026-09-30
Homestead, FL (33032) Rental Property Cap Rate & Cash Flow Report
Located in Miami-Dade County (Homestead, FL), Zip Code 33032 ranks #85 of 500 within this selected sample (83th percentile) with a Zillow ZHVI typical home-value index of $455,555 (-3.3% YoY) and a ZORI observed market rent of $2,580/mo (+3.7% YoY). Requires at least 39.1% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$549/mo
Annual: -$6,584/yr
Modeled Cap Rate
4.62%
NOI: $21,058/yr
Cash-on-Cash Return
-6.28%
Cash Needed: $104,778
1% Rule Ratio
0.57%
Gross Yield: 6.80%
Break-Even Rent
$3,211/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33032 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,304/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$825/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33032)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $354,073 | $1,841/mo | 6.24% |
| 2022 | $432,748 | $2,373/mo | 6.58% |
| 2023 | $455,033 | $2,381/mo | 6.28% |
| 2024 | $486,400 | $2,597/mo | 6.41% |
| 2025 | $470,898 | $2,487/mo | 6.34% |
| 2026 | $455,555 | $2,580/mo | 6.80% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 33012 Hialeah, FL | $385,957 | $2,212/mo | 4.69% | -$442/mo |
| 32246 Jacksonville, FL | $313,935 | $1,750/mo | 4.53% | -$402/mo |
| 33015 Hialeah, FL | $398,161 | $2,291/mo | 4.72% | -$448/mo |
| 33578 Riverview, FL | $334,713 | $1,937/mo | 4.75% | -$367/mo |
| 33023 Miramar, FL | $457,583 | $2,513/mo | 4.44% | -$619/mo |
| 32218 Jacksonville, FL | $298,652 | $1,628/mo | 4.40% | -$415/mo |