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Condominium
$360,000$225 / sqft
15051 Royal Oaks Ln # 402, North Miami FL 33181
Listed
2
Bedrooms
3
Bathrooms
1,603 sqft
Interior
2007
Year built
$1,365 / mo
HOA
Condominium
Type
About this home
Spacious 2-bedroom, 2-bathroom residence featuring beautiful garden views! A welcoming entry foyer leads to a bright and spacious living and dining area. The kitchen offers Italian-style cabinetry, granite countertops, and stainless-steel appliances. Desirable split-bedroom floor plan with ensuite bathrooms, separate laundry room, and private balcony overlooking the lush gardens. Enjoy resort-style amenities including assigned covered parking, heated pool, fitness center, community room, tennis and pickleball courts, and 24/7 gated security. Ideally located near Costco, UM Health, Publix, Target, Mater Academy, Reserve Padel, Pura Vida, and just minutes from the beaches. Excellent investment opportunity! Currently tenant-occupied at $3,100/month, with lease in place through September 2027. Special assessment of $356.85/month through August 2035.
Features
- First Floor Entry
- East Of Us1
- Open Balcony
- Garden View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- Okay To Lease 1st Year
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.
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–$5,569.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.