3500 NW 208th St
Miami Gardens, FL 33056 · single_family · For Sale · 191 days on market
Asking price$425,000
2 beds 1 baths 754 sqft
Suggested offer$341,223$83,777 above the est. market value of $341,223.
View on Realtor.com →Listed by David Stocker Jr. · Vanguard Group Realty Llc
Typesingle_family
Built1959
Price / sqft$564
Est. value (own analysis)$341,223
Rent estimate (own analysis)$2,400/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood3/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-23
Removed date—
MLSMiamiMLS #A11970468
Coordinates25.96461, -80.26040
Address3500 NW 208th St
CityMiami Gardens
StateFL
Zip33056
Listing ID5222557626
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33056)
Median sale price$550,000
Median days on market (sale)37
Active sale listings131
Median rent$2,700/mo
Median days on market (rent)49
Active rental listings90
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33056 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $425,000 |
| Down payment (20.0%) | $85,000 |
| Loan amount | $340,000 |
| Closing costs (5.0%) | $21,250 |
| Total cash to close | $106,250 |
| Income | |
| Rent (comp-derived) | $2,400$28,800 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,208$26,496 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $673$8,075 |
| Insurance (est. scaled by flood & wind risk) | $453$5,440 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $120$1,440 |
| Total operating expenses | $1,246$14,955 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $120$1,440 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 2 | 1 | 837 | $2,600 | 2026-05-28 | — | |
| single_family | 2 | 1 | — | $2,400 | 2026-08-19 | — | |
| single_family | 2 | 1 | 859 | $2,200 | 2026-08-06 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 3260 NW 209th Ter | single_family | 2 | 1 | 780 | $390,000 | 2026-07-31 |
| 2530 NW 204th St | single_family | 2 | 1 | 1,260 | $635,000 | 2026-06-18 |
| 20520 NW 21st Ave | single_family | 2 | 1 | 1,269 | $319,200 | 2026-06-16 |
| 3168 NW 214th St | single_family | 2 | 1 | 1,188 | $300,000 | 2026-06-09 |
| 18143 NW 20th Ave | single_family | 2 | 1 | 1,303 | $680,000 | 2026-05-14 |
| 20615 NW 28th Ave | single_family | 2 | 1 | 885 | $395,000 | 2026-05-13 |
| 3341 NW 209th Ter | single_family | 2 | 1 | 780 | $350,000 | 2026-04-27 |
| 20314 NW 36th Ct | single_family | 2 | 2 | 1,050 | $375,000 | 2026-04-01 |
| 2301 NW 182nd Ter | single_family | 2 | 1 | 986 | $450,000 | 2026-03-06 |
| 18250 NW 23rd Ave | single_family | 2 | 1 | 952 | $550,000 | 2026-03-06 |
| 20404 NW 22nd Pl | single_family | 2 | 1 | 1,057 | $265,000 | 2026-02-13 |
| 3361 NW 210th Ter | single_family | 2 | 1 | 750 | $475,000 | 2025-12-17 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 19900 NW 37th Ave Lot D122 | mobile | 2 | 1 | — | $67,000 | — |
| 19374 NW 30th Ct | townhomes | 2 | 1 | 873 | $324,999 | — |
| 17622 NW 25th Ave Apt 101 | condos | 2 | 2 | 892 | $210,000 | — |
| 2820 NW 180th St | townhomes | 2 | 3 | 1,228 | $381,000 | — |
10-year hold projection
IRR-0.0%
Equity multiple0.99x
Total return (10yr)$54,654
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $437,750 | $11,541 | -$16,118 | $336,314 | $101,436 |
| 2 | $450,883 | $11,962 | -$15,733 | $332,374 | $118,508 |
| 3 | $464,409 | $12,398 | -$15,335 | $328,164 | $136,245 |
| 4 | $478,341 | $12,848 | -$14,922 | $323,665 | $154,676 |
| 5 | $492,691 | $13,314 | -$14,495 | $318,857 | $173,835 |
| 6 | $507,472 | $13,796 | -$14,052 | $313,719 | $193,754 |
| 7 | $522,696 | $14,294 | -$13,595 | $308,228 | $214,469 |
| 8 | $538,377 | $14,810 | -$13,121 | $302,359 | $236,018 |
| 9 | $554,529 | $15,343 | -$12,631 | $296,088 | $258,440 |
| 10 | $571,164 | $15,895 | -$12,123 | $289,386 | $281,778 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.