ZIP CODE 33157 // MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL // DATA AS OF 2026-09-30
Village of Palmetto Bay, FL (33157) Rental Property Cap Rate & Cash Flow Report
Located in Miami-Dade County (Village of Palmetto Bay, FL), Zip Code 33157 ranks #288 of 500 within this selected sample (43th percentile) with a Zillow ZHVI typical home-value index of $627,146 (+1.2% YoY) and a ZORI observed market rent of $2,515/mo (+0.1% YoY). Requires at least 61.8% 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
-$1,657/mo
Annual: -$19,888/yr
Modeled Cap Rate
2.90%
NOI: $18,167/yr
Cash-on-Cash Return
-13.79%
Cash Needed: $144,244
1% Rule Ratio
0.40%
Gross Yield: 4.81%
Break-Even Rent
$4,420/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33157 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$3,171/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,001/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33157)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $441,144 | $1,972/mo | 5.36% |
| 2022 | $535,358 | $2,376/mo | 5.33% |
| 2023 | $575,952 | $2,460/mo | 5.13% |
| 2024 | $631,985 | $2,516/mo | 4.78% |
| 2025 | $619,957 | $2,513/mo | 4.86% |
| 2026 | $627,146 | $2,515/mo | 4.81% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 34787 Winter Garden, FL | $573,339 | $2,249/mo | 2.81% | -$1,559/mo |
| 33647 Tampa, FL | $466,612 | $1,805/mo | 2.75% | -$1,291/mo |
| 32259 Saint Johns, FL | $546,728 | $2,001/mo | 2.53% | -$1,611/mo |
| 32765 Oviedo, FL | $486,743 | $2,135/mo | 3.29% | -$1,127/mo |
| 34711 Clermont, FL | $426,376 | $1,984/mo | 3.57% | -$888/mo |
| 33186 The Crossings, FL | $523,743 | $2,475/mo | 3.64% | -$1,058/mo |