241 Hammond Dr
Miami Springs, FL 33166 · single_family · Pending — under contract · 77 days on market
Asking price$799,000
3 beds 2 baths 1,258 sqft
Suggested offer$612,165$186,835 above the est. market value of $612,165.
View on Realtor.com →Listed by Gregory Cates · Bishoff Realty, Inc.
Typesingle_family
Built1951
Price / sqft$635
Est. value (own analysis)$612,165
Rent estimate (own analysis)$3,600/mo
HOANone
1 / 51
Show every detail
Statusfor_sale
Listed date2026-06-17
Removed date—
MLSMiamiMLS #A12037923
Coordinates25.82161, -80.30127
Address241 Hammond Dr
CityMiami Springs
StateFL
Zip33166
Listing ID5848238279
Sourceus-real-estate-listings, cached 2026-09-01
ZIP market snapshot (33166)
Typical home value (ZHVI)$610,998
Typical rent (ZORI)$2,899/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $799,000 |
| Down payment (20.0%) | $159,800 |
| Loan amount | $639,200 |
| Closing costs (5.0%) | $39,950 |
| Total cash to close | $199,750 |
| Income | |
| Rent (comp-derived) | $3,600$43,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,312$39,744 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,265$15,181 |
| Insurance (placeholder 0.8% of price) | $533$6,392 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $180$2,160 |
| Total operating expenses | $1,978$23,733 |
| 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) | $180$2,160 |
| 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 | 3 | 2 | 1,462 | $3,600 | 2026-08-20 | — | |
| single_family | 3 | 2 | 1,394 | $3,900 | 2026-08-26 | — | |
| single_family | 3 | 1 | 1,611 | $2,800 | 2026-07-10 | — | |
| single_family | 3 | 2 | 980 | $3,350 | 2026-07-10 | — | |
| single_family | 3 | 2 | 1,475 | $4,797 | 2026-03-29 | — |
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 |
|---|---|---|---|---|---|---|
| 831 Wren Ave | single_family | 3 | 2 | 1,416 | $750,000 | 2026-08-21 |
| 501 Lawn Way | single_family | 3 | 2 | 1,882 | $770,000 | 2026-08-19 |
| 1161 Starling Ave | single_family | 3 | 2 | 2,005 | $890,000 | 2026-08-17 |
| 10 S Melrose Dr | single_family | 3 | 2 | 2,165 | $815,000 | 2026-08-10 |
| 3865 NW 57th Pl | single_family | 3 | 1 | 1,104 | $687,500 | 2026-08-04 |
| 8253 NW 47th Ln | single_family | 3 | 4 | 2,176 | $970,000 | 2026-08-03 |
| 240 Nahkoda Dr | single_family | 3 | 2 | 1,279 | $701,000 | 2026-07-31 |
| 260 Hibiscus Dr | single_family | 3 | 2 | 1,428 | $685,000 | 2026-07-30 |
| 1490 Ludlam Dr | single_family | 3 | 2 | 1,789 | $775,000 | 2026-07-24 |
| 550 Quail Ave | single_family | 3 | 2 | 1,578 | $805,000 | 2026-07-22 |
| 4838 NW 83rd Pkwy | single_family | 3 | 3 | 1,604 | $667,500 | 2026-07-20 |
| 8037 NW 46th Ter | single_family | 3 | 3 | 2,285 | $1,200,000 | 2026-07-17 |
| 571 Raven Ave | single_family | 3 | 2 | 1,450 | $850,000 | 2026-07-07 |
| 531 Forrest Dr | single_family | 3 | 2 | 1,084 | $630,000 | 2026-07-06 |
| 1250 Wren Ave | single_family | 3 | 2 | 990 | $630,000 | 2026-07-02 |
| 281 Pocatella St | single_family | 3 | 2 | 1,409 | $795,000 | 2026-07-01 |
| 400 Morningside Dr | single_family | 3 | 2 | 1,671 | $775,000 | 2026-06-30 |
| 4392 NW 80th Ave | single_family | 3 | 3 | 2,158 | $1,072,000 | 2026-06-26 |
| 851 Albatross St | single_family | 3 | 2 | 2,199 | $750,000 | 2026-06-17 |
| 641 Nightingale Ave | single_family | 3 | 2 | 1,382 | $1,085,000 | 2026-06-16 |
| 240 Lenape Dr | single_family | 3 | 3 | 1,939 | $989,000 | 2026-06-16 |
| 8156 NW 43rd St | single_family | 3 | 3 | 2,158 | $1,015,000 | 2026-06-12 |
| 1161 Nightingale Ave | single_family | 3 | 2 | 1,233 | $730,000 | 2026-06-09 |
| 461 Plover Ave | single_family | 3 | 2 | 942 | $670,000 | 2026-06-09 |
| 550 Forrest Dr | single_family | 3 | 2 | 1,233 | $600,000 | 2026-06-05 |
| 851 Bluebird Ave | single_family | 3 | 2 | — | $920,000 | 2026-05-29 |
| 1620 Lenape Dr | single_family | 3 | 2 | 1,869 | $1,100,000 | 2026-05-28 |
| 6200 NW 39th Ter | single_family | 3 | 1 | 962 | $529,000 | 2026-05-26 |
| 8304 NW 49th St | single_family | 3 | 5 | 2,366 | $860,000 | 2026-05-18 |
| 30 Bentley Dr | single_family | 3 | 2 | 1,710 | $899,000 | 2026-05-12 |
| 801 Oriole Ave | single_family | 3 | 2 | 1,755 | $800,000 | 2026-05-08 |
| 429 Deer Run | single_family | 3 | 3 | 2,875 | $1,260,000 | 2026-05-05 |
| 564 DE Leon Dr | single_family | 3 | 3 | 1,873 | $875,000 | 2026-05-04 |
| 1125 Dove Ave | single_family | 3 | 2 | 1,808 | $606,000 | 2026-05-04 |
| 5870 NW 38th St | single_family | 3 | 2 | 1,288 | $683,000 | 2026-04-28 |
| 625 Miller Dr | single_family | 3 | 2 | 1,100 | $810,000 | 2026-04-17 |
| 296 Navajo St | single_family | 3 | 3 | 1,663 | $785,000 | 2026-04-16 |
| 5804115403 | single_family | 3 | 2 | 1,816 | $700,000 | 2026-04-10 |
| 510 Lee Dr | single_family | 3 | 2 | 1,179 | $550,000 | 2026-04-06 |
| 358 Pine Ct | single_family | 3 | 1 | 918 | $635,000 | 2026-04-01 |
| 8279 NW 43rd St | single_family | 3 | 4 | 2,182 | $1,127,000 | 2026-03-30 |
| 339 Falcon Ave | single_family | 3 | 2 | 1,624 | $755,000 | 2026-03-27 |
| 4757 NW 85th Ave | single_family | 3 | 4 | 2,257 | $1,125,000 | 2026-03-23 |
| 17 N Melrose Dr | single_family | 3 | 2 | 1,547 | $599,000 | 2026-03-19 |
| 4761 NW 85th Ave | single_family | 3 | 4 | 2,257 | $1,125,000 | 2026-03-09 |
| 631 Curtiss Pkwy | single_family | 3 | 2 | 1,498 | $777,000 | 2026-03-03 |
| 1030 Falcon Ave | single_family | 3 | 2 | 1,892 | $790,000 | 2026-02-26 |
| 8272 Central Park Blvd | single_family | 3 | 4 | 2,257 | $1,066,900 | 2026-02-18 |
| 700 Rio Vista Dr | single_family | 3 | 2 | 1,752 | $738,000 | 2026-02-13 |
| 17 Whitethorn Dr | single_family | 3 | 2 | 1,394 | $660,000 | 2026-02-06 |
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 |
|---|---|---|---|---|---|---|
| 8201 NW 41st St Unit D203 | condos | 3 | 2 | 1,124 | $450,000 | — |
| 1101 Starling Ave | single_family | 3 | 2 | 1,942 | $899,000 | — |
| 157 Lenape Dr | single_family | 3 | 1 | 1,058 | $665,000 | — |
| 701 Westward Dr | single_family | 3 | 3 | 2,200 | $899,999 | — |
| 240 Carlisle Dr | single_family | 3 | 1 | 1,417 | $749,900 | — |
| 430 Forrest Dr | single_family | 3 | 2 | 1,103 | $930,000 | — |
| 8166 NW 42nd St | townhomes | 3 | 4 | 1,866 | $840,000 | — |
| 801 Albatross St | single_family | 3 | 2 | 1,320 | $850,000 | — |
10-year hold projection
IRR-1.9%
Equity multiple0.69x
Total return (10yr)$42,554
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $822,970 | $16,011 | -$35,441 | $632,270 | $190,700 |
| 2 | $847,659 | $16,610 | -$34,896 | $624,863 | $222,796 |
| 3 | $873,089 | $17,230 | -$34,331 | $616,949 | $256,140 |
| 4 | $899,282 | $17,871 | -$33,747 | $608,490 | $290,791 |
| 5 | $926,260 | $18,535 | -$33,141 | $599,451 | $326,809 |
| 6 | $954,048 | $19,222 | -$32,513 | $589,791 | $364,257 |
| 7 | $982,669 | $19,933 | -$31,864 | $579,468 | $403,201 |
| 8 | $1,012,149 | $20,669 | -$31,191 | $568,436 | $443,714 |
| 9 | $1,042,514 | $21,430 | -$30,494 | $556,646 | $485,868 |
| 10 | $1,073,789 | $22,218 | -$29,772 | $544,046 | $529,743 |
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.