ZIP CODE 33023 // MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL // DATA AS OF 2026-09-30
Miramar, FL (33023) Rental Property Cap Rate & Cash Flow Report
Located in Broward County (Miramar, FL), Zip Code 33023 ranks #97 of 500 within this selected sample (81th percentile) with a Zillow ZHVI typical home-value index of $457,583 (-0.7% YoY) and a ZORI observed market rent of $2,513/mo (+2.1% YoY). Requires at least 41.4% 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
-$619/mo
Annual: -$7,433/yr
Modeled Cap Rate
4.44%
NOI: $20,333/yr
Cash-on-Cash Return
-7.06%
Cash Needed: $105,244
1% Rule Ratio
0.55%
Gross Yield: 6.59%
Break-Even Rent
$3,225/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33023 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,314/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$819/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33023)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $341,445 | $1,864/mo | 6.55% |
| 2022 | $412,032 | $2,253/mo | 6.56% |
| 2023 | $442,327 | $2,386/mo | 6.47% |
| 2024 | $472,161 | $2,465/mo | 6.26% |
| 2025 | $460,621 | $2,460/mo | 6.41% |
| 2026 | $457,583 | $2,513/mo | 6.59% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 32218 Jacksonville, FL | $298,652 | $1,628/mo | 4.40% | -$415/mo |
| 32246 Jacksonville, FL | $313,935 | $1,750/mo | 4.53% | -$402/mo |
| 34744 Kissimmee, FL | $380,234 | $2,056/mo | 4.36% | -$543/mo |
| 32703 Apopka, FL | $356,449 | $1,897/mo | 4.27% | -$535/mo |
| 33032 Homestead, FL | $455,555 | $2,580/mo | 4.62% | -$549/mo |
| 33178 Doral, FL | $558,135 | $2,946/mo | 4.22% | -$859/mo |