ZIP CODE 33033 // MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL // DATA AS OF 2026-09-30
Homestead, FL (33033) Rental Property Cap Rate & Cash Flow Report
Located in Miami-Dade County (Homestead, FL), Zip Code 33033 ranks #58 of 500 within this selected sample (89th percentile) with a Zillow ZHVI typical home-value index of $435,038 (-2.8% YoY) and a ZORI observed market rent of $2,595/mo (+2.0% YoY). Requires at least 34.9% 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
-$410/mo
Annual: -$4,918/yr
Modeled Cap Rate
4.94%
NOI: $21,480/yr
Cash-on-Cash Return
-4.91%
Cash Needed: $100,059
1% Rule Ratio
0.60%
Gross Yield: 7.16%
Break-Even Rent
$3,066/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33033 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,200/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$805/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33033)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $324,861 | $1,909/mo | 7.05% |
| 2022 | $406,085 | $2,485/mo | 7.34% |
| 2023 | $432,357 | $2,532/mo | 7.03% |
| 2024 | $464,324 | $2,584/mo | 6.68% |
| 2025 | $447,594 | $2,545/mo | 6.82% |
| 2026 | $435,038 | $2,595/mo | 7.16% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 33064 Deerfield Beach, FL | $361,279 | $2,156/mo | 4.94% | -$339/mo |
| 33027 Miramar, FL | $470,967 | $2,777/mo | 4.87% | -$472/mo |
| 33578 Riverview, FL | $334,713 | $1,937/mo | 4.75% | -$367/mo |
| 33015 Hialeah, FL | $398,161 | $2,291/mo | 4.72% | -$448/mo |
| 33012 Hialeah, FL | $385,957 | $2,212/mo | 4.69% | -$442/mo |
| 32210 Jacksonville, FL | $220,477 | $1,375/mo | 5.22% | -$156/mo |