15689 SW 106th Ln APT 702, Miami, FL, 33196 | $686/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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15689 SW 106th Ln APT 702, Miami, FL, 33196 | $686/mo Cash Flow | Ziffy

For Sale

Currently Rented

Motivated Seller

Rental Income

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 at 15689 SW 106th Ln APT 702, Miami, FL, 33196 offers a 11.19% rental yield on a $254,900 purchase with $2,378/mo rent. Total monthly income registers $2,378/mo, and a $1,248/mo payment leaves $686/mo available for distribution. Annual cash flow reaches $8,233/yr on $84,499 to close, and return on cash invested stands at 29.65% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 155.73% and total cumulative return in cash at $131,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,378/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious 1-bedroom, 1-bathroom condo at Vista Lago in The Hammocks! This open-concept unit on the second floor of a two-story building features a balcony, high ceilings in the living room, wood cabinets, granite countertops, and stainless steel kitchen appliances. Enjoy a full-size washer and dryer inside, one parking space right outside, and abundant natural light throughout. The gated community offers a pool, grills, full gym, billiards room, outdoor lounge areas, lakes, sand volleyball, and jogging/biking trails. Conveniently located near Publix, CVS, restaurants, library, and more. Ideal for living or investing, currently rented until September 2026, making it a prime opportunity for investors seeking immediate passive income or for primary buyers who can collect rent while awaiting lease expiration. Seller motivated!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33196, Miami, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,647 (100%)
Owner Occupied HU	11,084 (62.8%)
Renter Occupied HU	5,630 (31.9%)
Vacant Housing Units	933 ( 5.3%)
Median Home Value	$488,028
Average Home Value	$533,929