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Condominium
$295,500$322 / sqft
7121 Miami Lakes Dr # Q8, Miami Lakes FL 33014
Listed
2
Bedrooms
2
Bathrooms
918 sqft
Interior
1972
Year built
$561 / mo
HOA
Condominium
Type
About this home
Bright and spacious 2 Bedroom, 2 Bath Condo located on the second floor for privacy. The kitchen features beautiful dark wood cabinetry, granite countertops and stainless steel appliances. Both bathrooms have been partially renovated and include stylish white cabinets. Enjoy plantation shutters in bedrooms and zebra shades. Tile and laminate floors through out to combining comfort living. This unit includes, 1 assigned and guest parking space, Community amenities, 2 tennis court, 2 swimming pool, and clubhouse. Conveniently located close to Main Street in Miami Lakes, with shopping, dining, and entertainment and minutes from Palmetto, 826 and I75. Great for investors! Building has reserves! Tenant in place until October 2027. Don't miss out on this opportunity.
Features
- Second Floor Entry
- Other
- Open Balcony
- Tennis Court(s)
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,300–$4,801.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.