7208 Fairway Dr APT I6, Miami Lakes, FL, 33014 | $975/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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7208 Fairway Dr APT I6, Miami Lakes, FL, 33014 | $975/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Miami Lakes at 7208 Fairway Dr APT I6, Miami Lakes, FL, 33014 offers a 11.89% rental yield on a $298,000 purchase with $2,953/mo rent. Total monthly income registers $2,953/mo, and a $1,459/mo payment leaves $975/mo available for distribution. Annual cash flow reaches $11,700/yr on $98,787 to close, and return on cash invested stands at 31.75% in year one. Equity gained on principal adds $1,923/yr while 5% annual appreciation supports $82,332 over five years. Portfolio math shows five-year ROI at 166.92% and total cumulative return in cash at $164,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,953/mo property income against a $1,459/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Your Miami Lakes lifestyle awaits! In the sought-after Miami Lakes school district, this move-in ready 2/1 in Cypress Village is steps from Main Streets dining, boutiques, gyms, and theater. Be the first to enjoy a brand-new open kitchen with sleek white cabinets, stone-style counters, pop-up tower outlets, and new appliances. The updated bath features marble-look finishes, a dual-mirror vanity, and modern fixtures. Conveniently the first unit at the top of the stairs near mailboxes, with a balcony view toward the community laundry for added ease. Extras: Zebra shades on balcony doors, motion-sensor balcony lights, 2021 A/C, 2022 tankless water heater, and roaming security. Amenities: pool, tennis courts, and a rentable clubhouse for gatherings. Eligible for 3% down payment financing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33014, Hialeah, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,454 (100%)
Owner Occupied HU	6,918 (42.0%)
Renter Occupied HU	8,748 (53.2%)
Vacant Housing Units	788 ( 4.8%)
Median Home Value	$513,421
Average Home Value	$573,531