550 Cardinal St
Miami Springs, FL 33166 · single_family · Pending — under contract · 229 days on market
Asking price$999,000
5 beds 2 baths 2,205 sqft
Suggested offer$970,839$28,161 above the est. market value of $970,839.
View on Realtor.com →Listed by Barbara Gelpi · London Foster Realty
Typesingle_family
Built1947
Price / sqft$453
Est. value (own analysis)$970,839
Rent estimate (own analysis)$8,000/mo
HOANone
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Statusfor_sale
Listed date2026-01-16
Removed date—
MLSMiamiMLS #A11947219
Coordinates25.82423, -80.28786
Address550 Cardinal St
CityMiami Springs
StateFL
Zip33166
Listing ID5900671461
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 | $999,000 |
| Down payment (20.0%) | $199,800 |
| Loan amount | $799,200 |
| Closing costs (5.0%) | $49,950 |
| Total cash to close | $249,750 |
| Income | |
| Rent (comp-derived) | $8,000$96,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $7,360$88,320 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,582$18,981 |
| Insurance (placeholder 0.8% of price) | $666$7,992 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $400$4,800 |
| Total operating expenses | $2,648$31,773 |
| 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) | $400$4,800 |
| 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 | 5 | 3 | 2,855 | $7,500 | 2026-08-27 | — | |
| single_family | 5 | 4 | 3,436 | $8,000 | 2026-04-17 | — | |
| single_family | 5 | 6 | 5,344 | $39,500 | 2026-08-25 | — |
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 |
|---|---|---|---|---|---|---|
| 550 Cardinal St | single_family | 5 | 2 | 2,205 | $999,000 | 2026-08-31 |
| 8096 NW 48th Ter | single_family | 5 | 4 | 3,436 | $1,700,000 | 2026-08-10 |
| 520 Morningside Dr | single_family | 5 | 4 | 3,253 | $1,500,000 | 2026-06-30 |
| 324 LA Villa Dr | single_family | 5 | 3 | 1,606 | $820,000 | 2026-05-05 |
| 8156 NW 48th Ter | single_family | 5 | 5 | 4,444 | $2,075,000 | 2026-03-13 |
| 4437 NW 80th Ct | single_family | 5 | 4 | 2,863 | $1,100,000 | 2026-02-10 |
| 6221 NW 37th Ter | single_family | 5 | 3 | 2,821 | $675,000 | 2025-12-18 |
| 810 Bluebird Ave | single_family | 5 | 3 | 3,105 | $670,000 | 2025-12-16 |
| 1237 Dove Ave | single_family | 5 | 3 | 2,304 | $985,000 | 2025-11-26 |
| 8173 NW 47th Ter | single_family | 5 | 6 | 5,504 | $2,100,000 | 2025-10-20 |
| 45 South Dr | single_family | 5 | 3 | 2,452 | $835,000 | 2025-10-02 |
| 8127 NW 48th Ter | single_family | 5 | 4 | 3,983 | $2,000,000 | 2025-09-05 |
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 |
|---|---|---|---|---|---|---|
| 580 Lee Dr | single_family | 5 | 3 | — | $1,200,000 | — |
| 588 Miller Dr | single_family | 5 | 4 | 3,051 | $2,200,000 | — |
| 69 S Royal Poinciana Blvd | single_family | 5 | 3 | 3,062 | $1,500,000 | — |
| 409 DE Leon Dr | single_family | 5 | 5 | — | $3,967,000 | — |
| 8478 NW 52nd St | condos | 5 | 4 | 2,696 | $990,000 | — |
10-year hold projection
IRR8.1%
Equity multiple2.28x
Total return (10yr)$448,988
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,028,970 | $56,547 | -$9,883 | $790,535 | $238,435 |
| 2 | $1,059,839 | $58,402 | -$8,148 | $781,275 | $278,564 |
| 3 | $1,091,634 | $60,317 | -$6,356 | $771,379 | $320,255 |
| 4 | $1,124,383 | $62,294 | -$4,506 | $760,803 | $363,580 |
| 5 | $1,158,115 | $64,333 | -$2,595 | $749,502 | $408,613 |
| 6 | $1,192,858 | $66,439 | -$622 | $737,424 | $455,435 |
| 7 | $1,228,644 | $68,612 | $1,415 | $724,516 | $504,128 |
| 8 | $1,265,503 | $70,854 | $3,518 | $710,723 | $554,781 |
| 9 | $1,303,468 | $73,169 | $5,690 | $695,982 | $607,487 |
| 10 | $1,342,572 | $75,557 | $7,932 | $680,229 | $662,344 |
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.