989 Eastward Dr
Miami Springs, FL 33166 · single_family · For Sale · 9 days on market
Asking price$769,500
2 beds 2 baths 1,572 sqft
Listed by Richard Loveland · London Foster Realty
Typesingle_family
Built1940
Price / sqft$490
Est. value (own analysis)$1,048,540
Rent estimate (Zillow ZIP avg)$2,899/mo
HOANone
1 / 32
Show every detail
Statusfor_sale
Listed date2026-08-24
Removed date—
MLSMiamiMLS #A12074649
Coordinates25.81377, -80.27590
Address989 Eastward Dr
CityMiami Springs
StateFL
Zip33166
Listing ID9785282312
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 | $769,500 |
| Down payment (20.0%) | $153,900 |
| Loan amount | $615,600 |
| Closing costs (5.0%) | $38,475 |
| Total cash to close | $192,375 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,899$34,789 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,667$32,006 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,218$14,621 |
| Insurance (placeholder 0.8% of price) | $513$6,156 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $145$1,739 |
| Total operating expenses | $1,876$22,516 |
| 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) | $145$1,739 |
| 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 | 2 | 936 | $3,500 | 2026-03-20 | — | |
| single_family | 2 | 2 | 1,280 | $4,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 57 N Melrose Dr | single_family | 2 | 2 | 1,092 | $725,000 | 2026-09-01 |
| 640 Cardinal St | single_family | 2 | 1 | 977 | $600,000 | 2026-08-07 |
| 211 Hough Dr | single_family | 2 | 1 | 970 | $650,000 | 2026-07-13 |
| 6320 NW 41st St | single_family | 2 | 1 | 833 | $620,000 | 2026-06-25 |
| 556 LA Villa Dr | single_family | 2 | 1 | 979 | $710,000 | 2026-06-24 |
| 234 Pinecrest Dr | single_family | 2 | 1 | 1,236 | $600,000 | 2026-06-23 |
| 281 Iroquois St | single_family | 2 | 1 | 1,734 | $790,000 | 2026-05-05 |
| 52 Flagler Dr | single_family | 2 | 2 | 891 | $530,000 | 2026-04-10 |
| 830 Oriole Ave | single_family | 2 | 1 | 1,202 | $1,800,000 | 2026-03-20 |
| 389 Lafayette Dr | single_family | 2 | 1 | 1,110 | $459,900 | 2026-03-09 |
| 141 Iroquois St | single_family | 2 | 1 | 801 | $750,000 | 2025-12-30 |
| 32 Hammond Dr | single_family | 2 | 1 | 838 | $585,000 | 2025-12-15 |
| 537 Glen Way | single_family | 2 | 1 | 1,688 | $690,000 | 2025-11-21 |
| 393 Minola Dr | single_family | 2 | 1 | 850 | $645,000 | 2025-10-17 |
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 |
|---|---|---|---|---|---|---|
| 4640 NW 84th Ave Apt 16 | condos | 2 | 3 | 1,312 | $539,000 | — |
| 341 NW 67th Ave | single_family | 2 | 2 | 891 | $729,900 | — |
| 4154 NW 79th Ave Apt 2A | condos | 2 | 2 | 1,060 | $310,000 | — |
| 4544 NW 79th Ave Apt 1H | condos | 2 | 2 | 1,060 | $297,000 | — |
| 4410 NW 79th Ave Apt 1C | condos | 2 | 2 | 1,060 | $289,900 | — |
| 437 Lark Ave | single_family | 2 | 1 | 850 | $585,000 | — |
| 680 Miller Dr Unit W405 | condos | 2 | 2 | 860 | $280,000 | — |
| 57 N Melrose Dr | single_family | 2 | 2 | 1,092 | $799,000 | — |
10-year hold projection
IRR-3.9%
Equity multiple0.36x
Total return (10yr)-$23,266
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $792,585 | $9,490 | -$39,721 | $608,926 | $183,659 |
| 2 | $816,363 | $9,887 | -$39,368 | $601,793 | $214,570 |
| 3 | $840,853 | $10,299 | -$39,000 | $594,170 | $246,683 |
| 4 | $866,079 | $10,727 | -$38,619 | $586,024 | $280,055 |
| 5 | $892,061 | $11,170 | -$38,222 | $577,319 | $314,743 |
| 6 | $918,823 | $11,629 | -$37,811 | $568,015 | $350,808 |
| 7 | $946,388 | $12,105 | -$37,384 | $558,073 | $388,315 |
| 8 | $974,780 | $12,599 | -$36,941 | $547,448 | $427,331 |
| 9 | $1,004,023 | $13,111 | -$36,481 | $536,094 | $467,929 |
| 10 | $1,034,144 | $13,641 | -$36,003 | $523,960 | $510,184 |
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.