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Condominium
$269,900$386 / sqft
6880 NW 166th Ter # 1001, Miami Lakes FL 33014
Listed
1
Bedrooms
1
Bathrooms
700 sqft
Interior
1992
Year built
$447 / mo
HOA
Condominium
Type
About this home
This is an amazing first-floor unit at Fountain Park Village Homes, it is in an exclusive small community area. It's a definite most in-demand first floor corner position, great for rental purposes. The unit has been remodeled only needing a touch up in the bathroom..... BRAND NEW Water Heater AND BRAND NEW Air Conditioning Unit......The HOA is $447.00 monthly. The community has been fully updated and the outstanding special assessment shall be paid in full by the seller at closing. The association maintains healthy reserves......Turnkey Investment Opportunity: This property features a strong Cap Rate based on current stable tenancy... Perfect for a 1031 exchange or passive investor looking for immediate cash flow...... The current tenant has been a long term tenant and is excellent, their lease expires July 31st......... Financing is limited to cash or conventional. The unit comes with one assigned parking space , right in front of the unit and there is a guest parking available right in front of the unit also. The community amenities includes a gated pool. The location is amazing with your own small patio at the rear and the pool located right behind yet with shrubs for privacy. The property is well managed, helping ensure owners avoid unexpected additional costs. NOTE: Tenant occupied and must have 24 hour notice for showing with appointment. AS IS Condition.
Features
- First Floor Entry
- Pool Area 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.
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 $1,950–$3,495.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.