Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 888 sq ft
- Flooring
- Tile
- Appliances
- None, Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Elevator
Active · Condominium
$265,000
5501 NW 7th St E207, Miami, FL 33126
- Beds
- 2
- Baths
- 2
- Living area
- 888 sq ft
- $ / sq ft
- $298/sq ft
- Year built
- 1972
- Lot size
- —
- HOA fee
- $406 Monthly
- Annual tax
- $2,159
About this property
MUST SEE! Beautiful and spacious 2-bedroom, 2-bathroom condo with stunning lake views, located on the first floor. This well-maintained unit features an open kitchen, updated bathrooms, impact windows, washer and dryer inside the unit, and a large balcony overlooking the lake. The master bedroom includes a walk-in closet. Located in a gated community with security cameras, pool, elevators, and laundry rooms on every floor. Prime location minutes from Miami International Airport, major highways, shopping, and restaurants. Excellent opportunity for investors or first-time buyers—schedule your showing today!
Property location
Get Directions5501 NW 7th St E207, Miami, FL 33126
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1972
- Stories
- 4
- Architectural style
- None, Other
- Construction
- Block
- Exterior features
- Other
- Waterfront
- Lagoon
- View
- Lagoon
Parking
- Garage spaces
- 2
- Covered spaces
- 2
- Parking features
- Assigned
HOA, Community & Financials
- Association fee
- $406 Monthly
- Fee inclusions
- Common Areas
- Amenities
- None, Elevators
- Pets allowed
- Dogs Ok, Yes
- Annual tax
- $2,159
- Subdivision
- EL LAGO CONDO
- County
- Miami-Dade
- Days on market
- 0
- MLS listing ID
- A11952591
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
$98
- Cap rate
- 6.1%
- Net yield
- 6.1%
- Cash-on-cash return
- 1.6%
- Gross yield
- 10.5%
- Mortgage payment
- $1,256/mo
- Down payment
- $66,250
- Loan amount
- $198,750
- Annual NOI
- $16,246
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.