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$875,000

For Sale - Active
15924 SW 136th Way, Miami, FL 33196
4 Beds
3 Baths
2,597 Square Feet
0.12 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 2 hours ago
Updated: Aug 26, 2025 at 10:13AM

Investment Summary


Monthly Cash Flow
-$1,389
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.0%

Property Description


0.12 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Welcome to Serenity! Stunning 4BED plus extra room 2-story residence features a 2-car garage, soaring 20-foot ceilings, porcelain flooring, and designer finishes. The kitchen boasts walnut cabinetry, quartz countertops, built-in appliances, and a wine cooler. Upstairs, the primary suite impresses with coffered ceilings and a spa-like bathroom featuring floating quartz vanities. Enjoy effortless indoor-outdoor living with a cabana-style bath and your own private pool retreat. Entertain with ease at the fully equipped outdoor kitchen and BBQ beneath a stylish pergola. Modern convenience is built in, with smart home technology, while the tranquil community offers walking trails, a meditation garden, lush landscaping, and a children’s playground. A Beautiful Miami Home. Make it Rein.

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Location


Property Details


Parking

  • Details: Attached Carport, Attached, Driveway, Garage, Garage Door Opener
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Rigid Frame Bar Joist
  • Roof Material: Barrel, Other
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $90/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 3059200110180
  • Lot Size: 5281 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Detached, TwoStory
  • Year Built: 2016

Tax Information

  • Annual Tax: $13,966

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Miami Dade

Listing Details


Listed by:
Kathrin Rein
Keller Williams Miami Beach
(305) 735-6939

Source:
MIAMI REALTORS MLS
MLS#: A11811971
MIAMI REALTORS MLS

Investment Summary


Monthly Cash Flow
-$1,389
Cap Rate
4.2%
Cash-on-Cash Return
-8.3%
Debt Coverage Ratio
0.69
Internal Rate of Return (5 years)
-4.0%

Purchase Details

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Purchase price:
$875,000
Amount financed:
-$700,000
Down payment:
$175,000
Closing costs:
$26,250
Rehab costs:
$0
Initial cash invested:
$201,250
Square feet:
2,597
Cost per square foot:
$337
Monthly rent per square foot:
$2.43

Financing Details

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Loan amount:
$700,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,482
Property tax:
$1,164
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,087

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$1,164-$13,966
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (1%)
1%-$90-$1,080
Total operating expenses: (45%)
45%-$2,829-$33,946

Cash Flow


Monthly Yearly
Net operating income:
$3,093 $37,116
Mortgage payments:
-$4,482 -$53,784
Cash flow:
$1,389 $16,668