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Condominium
$249,000$271 / sqft
7111 Miami Lakes Dr # N1, Miami Lakes FL 33014
Listed
2
Bedrooms
2
Bathrooms
918 sqft
Interior
1972
Year built
$561 / mo
HOA
Condominium
Type
About this home
Bring your design ideas and vision to transform this prime first floor condo at 7111 Miami Lakes Drive, Apt N1! Featuring a desirable 2 bedroom, 2 bathroom layout with step-free access and a private porch, this unit offers a strong foundation and enormous potential for equity creation. Situated in the highly sought-after community of Miami Lakes, renowned for its lush tree-lined streets, tranquil canals, and vibrant charm, this property puts you just minutes from Main Street dining, local shopping, pristine parks, and major highways. Whether you are an investor looking for your next opportunity, or a homeowner ready to customize every detail to your exact taste, this home is a rare canvas waiting for its next chapter in an unbeatable location.
Features
- First Floor Entry
- None
- 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.
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–$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.