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1
Bedrooms
1
Bathrooms
672 sqft
Interior
1972
Year built
$429 / mo
HOA
Condominium
Type
About this home
Unlock a value opportunity in Miami Lakes! Unit L-12 is a second-floor corner unit at Cypress Village. Generously sized (18'x13') living area and spacious (14.3'x 12.7) bedroom . A great opportunity to update and customize to your personal style. Lowest priced condo in the heart of Miami Lakes. The unit comes with one assigned parking space (#483) plus ample guest parking in the complex. The unit can be rented in the first year of ownership with required annual lease. Enjoy resort-style amenities: 2 pools, 3 tennis courts and a clubhouse available for private gatherings. Complex has FULL RESERVES with no pending or current assessments. Cypress Village is within walking distance to Publix, multiple banks, Main Street shopping and dining, a movie theater and more. Easy access to major highways.
Features
- Second Floor Entry
- No Interior Features
- No Additional Rooms
- None
- Other View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,050–$3,800.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.