ZIP CODE 32828 // ORLANDO-KISSIMMEE-SANFORD, FL // DATA AS OF 2026-09-30
Orlando, FL (32828) Rental Property Cap Rate & Cash Flow Report
Located in Orange County (Orlando, FL), Zip Code 32828 ranks #159 of 500 within this selected sample (68th percentile) with a Zillow ZHVI typical home-value index of $466,963 (-0.9% YoY) and a ZORI observed market rent of $2,296/mo (+1.1% YoY). Requires at least 49.3% 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
-$866/mo
Annual: -$10,388/yr
Modeled Cap Rate
3.84%
NOI: $17,946/yr
Cash-on-Cash Return
-9.67%
Cash Needed: $107,401
1% Rule Ratio
0.49%
Gross Yield: 5.90%
Break-Even Rent
$3,291/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 32828 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,361/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$800/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (32828)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $378,827 | $1,906/mo | 6.04% |
| 2022 | $474,031 | $2,188/mo | 5.54% |
| 2023 | $480,170 | $2,185/mo | 5.46% |
| 2024 | $492,323 | $2,232/mo | 5.44% |
| 2025 | $471,189 | $2,271/mo | 5.78% |
| 2026 | $466,963 | $2,296/mo | 5.90% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 33411 West Palm Beach, FL | $466,847 | $2,283/mo | 3.82% | -$876/mo |
| 32256 Jacksonville, FL | $308,568 | $1,560/mo | 3.99% | -$535/mo |
| 33024 Pembroke Pines, FL | $470,890 | $2,386/mo | 4.00% | -$811/mo |
| 32771 Sanford, FL | $359,228 | $1,821/mo | 4.00% | -$618/mo |
| 33511 Brandon, FL | $360,338 | $1,704/mo | 3.65% | -$727/mo |
| 33186 The Crossings, FL | $523,743 | $2,475/mo | 3.64% | -$1,058/mo |