15499 Miami Lakeway N Unit 306-5
Miami Lakes, FL 33014 · condos · For Sale · 175 days on market
Asking price$349,990
3 beds 2 baths 1,240 sqft
Listed by Laurence Larry Linder · Larry Linder Real Estate, Inc.
Typecondos
Built1987
Price / sqft$282
Est. value (own analysis)$350,000
Rent estimate (own analysis)$3,050/mo
HOA$472/mo
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Statusfor_sale
Listed date2026-03-11
Removed date—
MLSBeachesMLS #R11081756
Coordinates25.91533, -80.30241
Address15499 Miami Lakeway N Unit 306-5
CityMiami Lakes
StateFL
Zip33014
Listing ID9209325440
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 | $349,990 |
| Down payment (20.0%) | $69,998 |
| Loan amount | $279,992 |
| Closing costs (5.0%) | $17,500 |
| Total cash to close | $87,498 |
| Income | |
| Rent (comp-derived) | $3,050$36,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,806$33,672 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $554$6,650 |
| Insurance (placeholder 0.8% of price) | $233$2,800 |
| HOA dues | $472$5,664 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $153$1,830 |
| Total operating expenses | $1,412$16,944 |
| 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) | $153$1,830 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 3 | 2 | 1,270 | $2,700 | 2026-07-06 | — | |
| condos | 3 | 2 | 1,348 | $2,980 | 2026-05-05 | — | |
| condos | 3 | 2 | 1,348 | $3,050 | 2026-06-11 | — | |
| condos | 3 | 2 | 1,316 | $2,500 | 2026-08-24 | — | |
| condos | 3 | 2 | 1,016 | $2,500 | 2026-04-28 | — | |
| condos | 3 | 2 | 1,086 | $3,200 | 2026-07-15 | — | |
| condos | 3 | 2 | 1,217 | $3,637 | 2026-08-03 | — | |
| apartment | 3 | 2 | 1,217 | $2,500 | 2026-03-31 | — | |
| apartment | 3 | 2 | 1,217 | $3,717 | — | — | |
| apartment | 3 | 2 | 1,300 | $2,649 | — | — | |
| apartment | 3 | 2 | 1,405 | $3,287 | — | — | |
| apartment | 3 | 2 | 1,405 | $3,767 | — | — | |
| condos | 3 | 2 | 1,250 | $2,814 | — | — | |
| condos | 3 | 2 | 1,250 | $2,841 | — | — | |
| apartment | 3 | 2 | 1,217 | $3,637 | — | — | |
| apartment | 3 | 2 | 1,217 | $3,937 | — | — | |
| condos | 3 | 2 | 1,086 | $3,695 | 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 |
|---|---|---|---|---|---|---|
| 8003 W 6th Ave Apt M | condos | 3 | 2 | 1,090 | $230,000 | 2026-08-19 |
| 1052 W 79th St Unit 11 | condos | 3 | 3 | 1,300 | $418,000 | 2026-08-19 |
| 1900 W 68th St Apt G103 | condos | 3 | 2 | 1,260 | $278,500 | 2026-08-10 |
| 7001 Loch Isle Dr S | condo_townhome_rowhome_coop | 3 | 2 | 1,455 | $515,000 | 2026-08-05 |
| 15485 Miami Lakeway N Unit 208-2 | condos | 3 | 2 | 1,240 | $350,000 | 2026-06-18 |
| 8001 W 6th Ave Apt M | condos | 3 | 2 | 1,090 | $225,000 | 2026-04-01 |
| 6163998510 | condo_townhome_rowhome_coop | 3 | 2 | 1,445 | $551,000 | 2025-10-24 |
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 |
|---|---|---|---|---|---|---|
| 6931 Loch Ness Dr | single_family | 3 | 2 | 2,050 | $1,100,000 | — |
| 903 W 77th St | condo_townhome_rowhome_coop | 3 | 2 | 1,103 | $450,000 | — |
| 6402 Windmill Gate Rd | townhomes | 3 | 2 | 972 | $459,000 | — |
| 14021 Cypress Ct | single_family | 3 | 3 | 2,216 | $920,000 | — |
| 15533 Miami Lakeway N Unit 101-19 | condos | 3 | 2 | 1,282 | $404,900 | — |
| 13988 Lake Lure Ct | single_family | 3 | 2 | 1,412 | $799,999 | — |
| 6901 Miami Lakeway S | single_family | 3 | 2 | 2,206 | $1,250,000 | — |
| 6364 Milk Wagon Ln | townhomes | 3 | 2 | 1,275 | $460,000 | — |
10-year hold projection
IRR5.4%
Equity multiple1.87x
Total return (10yr)$121,814
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $360,490 | $16,728 | -$6,693 | $276,956 | $83,533 |
| 2 | $371,304 | $17,315 | -$6,153 | $273,712 | $97,592 |
| 3 | $382,444 | $17,921 | -$5,593 | $270,245 | $112,198 |
| 4 | $393,917 | $18,548 | -$5,015 | $266,540 | $127,377 |
| 5 | $405,734 | $19,195 | -$4,416 | $262,581 | $143,154 |
| 6 | $417,906 | $19,865 | -$3,797 | $258,349 | $159,557 |
| 7 | $430,444 | $20,557 | -$3,157 | $253,828 | $176,616 |
| 8 | $443,357 | $21,272 | -$2,495 | $248,995 | $194,362 |
| 9 | $456,658 | $22,010 | -$1,811 | $243,831 | $212,827 |
| 10 | $470,357 | $22,774 | -$1,103 | $238,312 | $232,045 |
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.