Interior
- Bedrooms
- 1
- Bathrooms
- 1
- Living area
- 662 sq ft
- Flooring
- Ceramic Tile, Tile
- Appliances
- Electric Range, Microwave, Refrigerator
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bedroom On Main Level, Bathtub, Walk In Closets
Active · Condominium
$199,000
5501 NW 7th St E412, Miami, FL 33126
- Beds
- 1
- Baths
- 1
- Living area
- 662 sq ft
- $ / sq ft
- $301/sq ft
- Year built
- 1972
- Lot size
- —
- HOA fee
- $318 Monthly
- Annual tax
- $3,158
About this property
Excellent investment opportunity in the heart of Miami! Beautiful 4th-floor condo located in the desirable El Lago Condominium community. This unit offers a convenient layout with plenty of natural light and a prime location just minutes from Miami International Airport, major highways, shopping centers, restaurants, and entertainment. Enjoy peaceful lake views and easy access to everything Miami has to offer. Ideal for homeowners or investors. Great central location with strong rental potential. Don’t miss this opportunity!
Property location
Get Directions5501 NW 7th St E412, Miami, FL 33126
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1972
- Stories
- 4
- Architectural style
- Garden Apartment
- Construction
- Block
- Exterior features
- Courtyard, Fence
- Pool
- Association
- Waterfront
- Lake Front
- View
- Lake
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- Detached, Garage, Guest, One Space
HOA, Community & Financials
- Association fee
- $318 Monthly
- Fee inclusions
- Amenities, Common Areas, Insurance, Maintenance Structure, Pools, Roof, Trash
- Amenities
- Pool, Elevators
- Security
- Closed Circuit Cameras, Complex Fenced, Elevator Secured, Fire Alarm, Key Card Entry, Lobby Secured
- Pets allowed
- Size Limit, Yes
- Annual tax
- $3,158
- Subdivision
- EL LAGO CONDO
- County
- Miami-Dade
- Days on market
- 7
- MLS listing ID
- A12017589
- 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
-$76
- Cap rate
- 5.2%
- Net yield
- 5.2%
- Cash-on-cash return
- -1.6%
- Gross yield
- 10.5%
- Mortgage payment
- $943/mo
- Down payment
- $49,750
- Loan amount
- $149,250
- Annual NOI
- $10,414
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.