7155 Miami Lakes Dr Apt P16
Miami Lakes, FL 33014 · condos · For Sale · 118 days on market
Asking price$212,500
1 beds 1 baths 544 sqft
Suggested offer$164,332$48,168 above the est. market value of $164,332.
View on Realtor.com →Listed by Barbara Yanes · Floridian First Realty
Typecondos
Built1972
Price / sqft$391
Est. value (own analysis)$164,332
Rent estimate (own analysis)$1,910/mo
HOA$386/mo
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Statusfor_sale
Listed date2026-05-07
Removed date—
MLSMiamiMLS #A12014843
Coordinates25.91143, -80.31693
Address7155 Miami Lakes Dr Apt P16
CityMiami Lakes
StateFL
Zip33014
Listing ID6222766902
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 | $212,500 |
| Down payment (20.0%) | $42,500 |
| Loan amount | $170,000 |
| Closing costs (5.0%) | $10,625 |
| Total cash to close | $53,125 |
| Income | |
| Rent (comp-derived) | $1,910$22,920 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,757$21,086 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $336$4,038 |
| Insurance (placeholder 0.8% of price) | $142$1,700 |
| HOA dues | $386$4,632 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $96$1,146 |
| Total operating expenses | $960$11,516 |
| 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) | $96$1,146 |
| 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 | 600 | $1,937 | — | — | |
| apartment | 1 | 1 | 600 | $1,957 | — | — | |
| apartment | 1 | 1 | 638 | $1,889 | 2024-04-12 | — | |
| apartment | 1 | 1 | 600 | $1,942 | 2025-01-03 | — | |
| apartment | 1 | 1 | 450 | $1,550 | 2025-09-22 | — | |
| apartment | 1 | 1 | 666 | $2,043 | 2025-01-03 | — | |
| 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 | — | |
| 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 | 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 | 672 | $2,300 | 2026-08-14 | — | |
| condos | 1 | 1 | 600 | $1,650 | 2026-04-16 | — | |
| apartment | 1 | 1 | 700 | $1,970 | 2026-08-07 | — | |
| apartment | 1 | 1 | 684 | $2,500 | — | — | |
| apartment | 1 | 1 | 714 | $2,055 | — | — | |
| condos | 1 | 1 | 700 | $1,999 | 2026-06-04 | — | |
| 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 | — |
| 7208 Fairway Dr Apt I11 | condos | 1 | 1 | 672 | $230,000 | — |
| 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
IRR4.6%
Equity multiple1.74x
Total return (10yr)$67,174
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $218,875 | $9,571 | -$4,685 | $168,157 | $50,718 |
| 2 | $225,441 | $9,916 | -$4,369 | $166,187 | $59,254 |
| 3 | $232,204 | $10,272 | -$4,042 | $164,082 | $68,123 |
| 4 | $239,171 | $10,641 | -$3,703 | $161,832 | $77,338 |
| 5 | $246,346 | $11,022 | -$3,353 | $159,428 | $86,918 |
| 6 | $253,736 | $11,416 | -$2,990 | $156,859 | $96,877 |
| 7 | $261,348 | $11,824 | -$2,615 | $154,113 | $107,235 |
| 8 | $269,189 | $12,245 | -$2,227 | $151,179 | $118,010 |
| 9 | $277,264 | $12,681 | -$1,825 | $148,043 | $129,221 |
| 10 | $285,582 | $13,132 | -$1,409 | $144,692 | $140,890 |
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.