7208 Fairway Dr Apt I11
Miami Lakes, FL 33014 · condos · For Sale · 85 days on market
Asking price$230,000
1 beds 1 baths 672 sqft
Suggested offer$202,998$27,002 above the est. market value of $202,998.
View on Realtor.com →Listed by Victor Cruz · Miami Home Brokers Realty
Typecondos
Built1972
Price / sqft$342
Est. value (own analysis)$202,998
Rent estimate (own analysis)$1,995/mo
HOA$429/mo
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Statusfor_sale
Listed date2026-06-10
Removed date—
MLSMiamiMLS #A12034094
Coordinates25.91143, -80.31693
Address7208 Fairway Dr Apt I11
CityMiami Lakes
StateFL
Zip33014
Listing ID6211535240
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33014)
Typical home value (ZHVI)$442,718
Typical rent (ZORI)$2,327/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $230,000 |
| Down payment (20.0%) | $46,000 |
| Loan amount | $184,000 |
| Closing costs (5.0%) | $11,500 |
| Total cash to close | $57,500 |
| Income | |
| Rent (comp-derived) | $1,995$23,940 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,835$22,025 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $364$4,370 |
| Insurance (placeholder 0.8% of price) | $153$1,840 |
| HOA dues | $429$5,148 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $100$1,197 |
| Total operating expenses | $1,046$12,555 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $100$1,197 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 666 | $2,347 | — | — | |
| apartment | 1 | 1 | 737 | $2,056 | — | — | |
| apartment | 1 | 1 | 600 | $1,937 | — | — | |
| apartment | 1 | 1 | 750 | $1,962 | — | — | |
| apartment | 1 | 1 | 737 | $2,076 | — | — | |
| apartment | 1 | 1 | 600 | $1,957 | — | — | |
| apartment | 1 | 1 | 750 | $1,972 | — | — | |
| apartment | 1 | 1 | 750 | $1,992 | — | — | |
| apartment | 1 | 1 | 750 | $1,972 | — | — | |
| apartment | 1 | 1 | 750 | $1,957 | — | — | |
| apartment | 1 | 1 | 737 | $2,081 | — | — | |
| apartment | 1 | 1 | 638 | $1,889 | 2024-04-12 | — | |
| apartment | 1 | 1 | 600 | $1,942 | 2025-01-03 | — | |
| apartment | 1 | 1 | 830 | $1,895 | 2024-11-08 | — | |
| apartment | 1 | 1 | 450 | $1,550 | 2025-09-22 | — | |
| apartment | 1 | 1 | 798 | $2,257 | 2024-04-12 | — | |
| apartment | 1 | 1 | 765 | $2,267 | 2025-01-03 | — | |
| apartment | 1 | 1 | 666 | $2,043 | 2025-01-03 | — | |
| apartment | 1 | 1 | 842 | $2,334 | 2025-01-03 | — | |
| apartment | 1 | 1 | 831 | $2,565 | 2024-04-12 | — | |
| apartment | 1 | 1 | 640 | $1,925 | 2024-11-26 | — | |
| condos | 1 | 1 | 640 | $1,800 | 2026-07-10 | — | |
| apartment | 1 | 1 | 544 | $1,850 | 2026-08-18 | — | |
| apartment | 1 | 1 | 800 | $1,700 | 2026-09-02 | — | |
| condos | 1 | 1 | 725 | $1,995 | 2026-06-30 | — | |
| condos | 1 | 1 | 617 | $1,700 | 2026-07-19 | — | |
| condos | 1 | 1 | 672 | $1,900 | 2026-05-28 | — | |
| condos | 1 | 1 | 544 | $1,850 | 2026-08-06 | — | |
| apartment | 1 | 1 | 700 | $1,850 | 2026-05-06 | — | |
| apartment | 1 | 1 | 600 | $1,600 | 2026-08-19 | — | |
| condos | 1 | 1 | 600 | $1,600 | 2026-04-29 | — | |
| condos | 1 | 1 | 750 | $1,995 | 2026-08-07 | — | |
| condos | 1 | 1 | 600 | $1,600 | 2026-07-09 | — | |
| condos | 1 | 1 | 600 | $1,750 | 2026-06-29 | — | |
| condos | 1 | 1 | 600 | $1,600 | 2026-07-08 | — | |
| condos | 1 | 1 | 835 | $1,900 | 2026-07-03 | — | |
| condos | 1 | 1 | 672 | $2,300 | 2026-08-14 | — | |
| condos | 1 | 1 | 600 | $1,650 | 2026-04-16 | — | |
| apartment | 1 | 1 | 830 | $1,735 | — | — | |
| apartment | 1 | 1 | 830 | $1,735 | — | — | |
| apartment | 1 | 1 | 700 | $1,970 | 2026-08-07 | — | |
| apartment | 1 | 1 | 830 | $1,825 | — | — | |
| apartment | 1 | 1 | 684 | $2,500 | — | — | |
| apartment | 1 | 1 | 830 | $1,735 | — | — | |
| apartment | 1 | 1 | 835 | $2,578 | — | — | |
| apartment | 1 | 1 | 835 | $2,543 | — | — | |
| apartment | 1 | 1 | 835 | $2,598 | — | — | |
| apartment | 1 | 1 | 856 | $2,720 | — | — | |
| apartment | 1 | 1 | 830 | $1,735 | — | — | |
| apartment | 1 | 1 | 798 | $2,290 | — | — | |
| condos | 1 | 1 | 750 | $1,925 | — | — | |
| apartment | 1 | 1 | 836 | $2,563 | — | — | |
| condos | 1 | 1 | 750 | $2,002 | — | — | |
| apartment | 1 | 1 | 714 | $2,055 | — | — | |
| apartment | 1 | 1 | 798 | $2,240 | — | — | |
| apartment | 1 | 1 | 765 | $2,651 | — | — | |
| apartment | 1 | 2 | 785 | $2,320 | — | — | |
| condos | 1 | 1 | 700 | $1,999 | 2026-06-04 | — | |
| apartment | 1 | 1 | 798 | $2,345 | — | — | |
| apartment | 1 | 1 | 798 | $2,696 | — | — | |
| apartment | 1 | 1 | 765 | $2,610 | — | — | |
| apartment | 1 | 1 | 835 | $2,498 | — | — | |
| apartment | 1 | 2 | 785 | $2,340 | — | — | |
| apartment | 1 | 2 | 785 | $2,360 | — | — | |
| apartment | 1 | 1 | 798 | $2,275 | — | — | |
| apartment | 1 | 1 | 798 | $2,300 | — | — | |
| apartment | 1 | 1 | 798 | $2,290 | — | — | |
| apartment | 1 | 1 | 831 | $2,711 | — | — | |
| apartment | 1 | 1 | 720 | $1,920 | 2026-06-29 | — | |
| apartment | 1 | 1 | 590 | $1,900 | 2026-08-27 | — | |
| apartment | 1 | 1 | 684 | $2,535 | — | — | |
| apartment | 1 | 1 | 684 | $2,500 | — | — | |
| condos | 1 | 1 | 600 | $1,650 | 2026-08-28 | — | |
| condos | 1 | 1 | 684 | $2,470 | 2026-09-01 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 7220 Fairway Dr Apt G3 | condos | 1 | 1 | 544 | $235,000 | 2026-08-19 |
| 7220 Fairway Dr Apt G4 | condos | 1 | 1 | 544 | $150,000 | 2026-07-24 |
| 7490 Miami Lakes Dr Apt A108 | condos | 1 | 1 | 720 | $233,500 | 2026-03-20 |
| 606 W 81st St Apt 210 | condos | 1 | 1 | 600 | $172,000 | 2026-03-19 |
| 7160 Fairway Dr Apt J18 | condos | 1 | 1 | 672 | $190,000 | 2026-03-12 |
| 1900 W 68th St Apt F302 | condos | 1 | 2 | 820 | $160,000 | 2026-02-27 |
| 15495 Miami Lakeway N Unit 101-4 | condos | 1 | 1 | 640 | $200,000 | 2026-02-17 |
| 606 W 81st St Apt 111 | condos | 1 | 1 | 600 | $165,000 | 2026-01-30 |
| 606 W 81st St Apt 125 | condos | 1 | 1 | 600 | $175,000 | 2026-01-09 |
| 15525 Miami Lakeway N Unit 106-8 | condos | 1 | 2 | 850 | $273,000 | 2025-12-19 |
| 1335 W 68th St Apt 308 | condos | 1 | 1 | 598 | $188,000 | 2025-12-01 |
| 1900 W 68th St Apt C203 | condos | 1 | 2 | 820 | $175,000 | 2025-11-04 |
| 1335 W 68th St Apt 309 | condos | 1 | 1 | 598 | $190,000 | 2025-10-27 |
| 6720 NW 166th Ter Unit 401 | condo_townhome_rowhome_coop | 1 | 1 | 700 | $239,000 | 2025-09-05 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 7155 Miami Lakes Dr Apt P4 | condos | 1 | 1 | 544 | $245,000 | — |
| 16330 Oak Walk | townhomes | 1 | 2 | 792 | $390,000 | — |
| 606 W 81st St Apt 323 | condos | 1 | 1 | 600 | $175,000 | — |
| 7200 Fairway Dr Apt H12 | condos | 1 | 1 | 672 | $219,000 | — |
| 7155 Miami Lakes Dr Apt P16 | condos | 1 | 1 | 544 | $212,500 | — |
| 606 W 81st St Apt 224 | condos | 1 | 1 | 600 | $185,000 | — |
| 8005 W Six Ave Unit B | condos | 1 | 1 | 590 | $198,900 | — |
| 1900 W 68th St Apt D207 | condos | 1 | 2 | 820 | $220,000 | — |
10-year hold projection
IRR3.6%
Equity multiple1.57x
Total return (10yr)$63,020
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $236,900 | $9,470 | -$5,916 | $182,005 | $54,895 |
| 2 | $244,007 | $9,817 | -$5,599 | $179,873 | $64,134 |
| 3 | $251,327 | $10,176 | -$5,271 | $177,595 | $73,732 |
| 4 | $258,867 | $10,547 | -$4,931 | $175,160 | $83,707 |
| 5 | $266,633 | $10,931 | -$4,580 | $172,558 | $94,075 |
| 6 | $274,632 | $11,328 | -$4,216 | $169,777 | $104,855 |
| 7 | $282,871 | $11,739 | -$3,839 | $166,806 | $116,065 |
| 8 | $291,357 | $12,164 | -$3,448 | $163,630 | $127,727 |
| 9 | $300,098 | $12,603 | -$3,044 | $160,236 | $139,861 |
| 10 | $309,101 | $13,058 | -$2,626 | $156,610 | $152,491 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.