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Townhouse
$550,000$369 / sqft
16525 SW 97th Ter, Miami FL 33196
Listed
3
Bedrooms
3
Bathrooms
1,490 sqft
Interior
1997
Year built
$105 / mo
HOA
Townhouse
Type
About this home
Spacious two-story corner townhome in Forest Lakes Villas offering 3 bedrooms, 2.5 baths, and 1,490 SF of well-planned living space. Bright, open interiors feature formal living and dining areas, a comfortable family room, and a convenient first-floor powder room. The ground-level primary suite offers double-door entry, a walk-in closet, and an en-suite bath with dual sinks and a tub/shower combination. Upstairs, two additional bedrooms share a full bath, creating a comfortable separation of space. Outdoors, a private enclosed patio with fruit trees provides an inviting setting for dining, relaxing, or entertaining. Additional features include tile and vinyl flooring, a one-car garage, additional parking, and a low $105 monthly HOA. Conveniently located near grocery stores, restaurants, shopping, and entertainment, this Forest Lakes residence offers generous space and the opportunity to personalize it to your style.
Features
- Walk-In Closet(s)
- Fruit Trees
- Other
- None
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
Approximate — shows the building, not the unit.
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,650–$3,300.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.