5445 Collins Ave Apt 724
Miami Beach, FL 33140 · condos · For Sale · 98 days on market
Asking price$400,000
0 beds 1 baths 350 sqft
Suggested offer$210,000$190,000 above the est. market value of $210,000.
View on Realtor.com →Listed by Victoria Romanenko · Golden Keys Inc
Typecondos
Built1966
Price / sqft$1143
Est. value (own analysis)$210,000
Rent estimate (own analysis)$1,800/mo
HOA$873/mo
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Statusfor_sale
Listed date2026-05-27
Removed date—
MLSMiamiMLS #A12025306
Coordinates25.83409, -80.12023
Address5445 Collins Ave Apt 724
CityMiami Beach
StateFL
Zip33140
Listing ID5315644312
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33140)
Typical home value (ZHVI)$684,558
Typical rent (ZORI)$3,694/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $400,000 |
| Down payment (20.0%) | $80,000 |
| Loan amount | $320,000 |
| Closing costs (5.0%) | $20,000 |
| Total cash to close | $100,000 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $633$7,600 |
| Insurance (placeholder 0.8% of price) | $267$3,200 |
| HOA dues | $873$10,476 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $1,863$22,356 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $90$1,080 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| condos | 0 | 1 | 260 | $1,575 | 2026-05-19 | — | |
| condos | 0 | 1 | 315 | $1,450 | 2026-06-09 | — | |
| condos | 0 | 1 | 400 | $2,100 | 2026-08-20 | — | |
| apartment | 0 | 1 | 390 | $1,800 | 2026-05-29 | — | |
| condos | 0 | 1 | 396 | $1,800 | 2026-04-02 | — | |
| condos | 0 | 1 | 400 | $1,800 | 2026-03-28 | — | |
| condos | 0 | 1 | 340 | $1,700 | 2026-08-04 | — | |
| condos | 0 | 1 | 460 | $1,950 | 2026-02-12 | — | |
| condos | 0 | 1 | 465 | $2,200 | 2026-08-18 | — | |
| condos | 0 | 1 | 260 | $1,750 | 2026-07-13 | — | |
| condos | 0 | 1 | 230 | $1,700 | 2026-08-16 | — | |
| apartment | 0 | 1 | 310 | $1,800 | 2026-05-19 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 352 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 370 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 400 | $2,200 | 2026-08-03 | — | |
| apartment | 0 | 1 | 390 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 420 | $3,100 | 2025-01-30 | — | |
| condos | 0 | 1 | 400 | $3,200 | 2025-10-29 | — | |
| apartment | 0 | 1 | 390 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 315 | $1,600 | 2026-09-01 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4201 Indian Creek Dr Apt 2 | condos | 0 | 1 | 400 | $190,000 | 2026-08-07 |
| 4391 Collins Ave Unit 1814 | condos | 0 | 1 | 538 | $830,000 | 2026-08-06 |
| 5255 Collins Ave Unit CU10 | condos | 0 | — | 118 | $55,000 | 2026-07-15 |
| 5445 Collins Ave Apt 610 | condos | 0 | 1 | 400 | $215,000 | 2026-07-10 |
| 255 W 24th St Apt 233 | condos | 0 | 1 | 290 | $180,000 | 2026-06-18 |
| 255 W 24th St Apt 306 | condos | 0 | 1 | 300 | $255,000 | 2026-06-12 |
| 4141 Nautilus Dr Apt 7J | condos | 0 | — | 757 | $287,500 | 2026-06-05 |
| 4130 Collins Ave Unit 703 | condos | 0 | 1 | 300 | $260,000 | 2026-05-21 |
| 2899 Collins Ave Apt 810 | condos | 0 | 1 | 566 | $272,500 | 2026-05-19 |
| 4401 Collins Ave Unit 2701 | condos | 0 | 1 | 516 | $936,000 | 2026-05-12 |
| 255 W 24th St Apt 501 | condos | 0 | 1 | 290 | $190,000 | 2026-05-07 |
| 4391 Collins Ave Unit 1914 | condos | 0 | 1 | 538 | $885,000 | 2026-04-30 |
| 2899 Collins Ave Apt 1234 | condos | 0 | 1 | 566 | $245,000 | 2026-04-10 |
| 2421 Lake Pancoast Dr Apt 2C | condos | 0 | 1 | 545 | $305,000 | 2026-04-10 |
| 4401 Collins Ave Unit 2108 | condos | 0 | 1 | 526 | $830,000 | 2026-03-24 |
| 4775 Collins Ave Unit CA-A14 | condos | 0 | 1 | 190 | $281,500 | 2026-03-12 |
| 4201 Indian Creek Dr Apt 8 | condos | 0 | 1 | 400 | $200,000 | 2026-03-12 |
| 2899 Collins Ave Apt 931 | condos | 0 | 1 | 518 | $280,000 | 2026-03-04 |
| 4015 Indian Creek Dr Apt 102 | condos | 0 | 1 | 396 | $180,000 | 2026-02-06 |
| 2899 Collins Ave Apt 1233 | condos | 0 | 1 | 566 | $302,500 | 2026-01-09 |
| 2899 Collins Ave Apt 833 | condos | 0 | 1 | 566 | $306,000 | 2026-01-07 |
| 4391 Collins Ave Unit 1717 | condos | 0 | 1 | 538 | $826,000 | 2025-12-22 |
| 4401 Collins Ave Unit 1408 | condos | 0 | 1 | 526 | $810,000 | 2025-12-18 |
| 2899 Collins Ave Apt 1715 | condos | 0 | 1 | 600 | $360,000 | 2025-12-12 |
| 4391 Collins Ave Unit 719 | condos | 0 | 1 | 824 | $940,500 | 2025-12-11 |
| 2899 Collins Ave Apt 1516 | condos | 0 | 1 | 600 | $322,500 | 2025-12-11 |
| 5445 Collins Ave Apt 1607 | condos | 0 | 1 | 390 | $240,000 | 2025-12-02 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 4391 Collins Ave Unit 1403 | condos | 0 | 1 | 544 | $1,079,000 | — |
| 5445 Collins Ave Ste CU26 | condos | 0 | — | 260 | $125,000 | — |
| 2899 Collins Ave Unit 6 | condos | 0 | 1 | 112 | $111,000 | — |
| 5445 Collins Ave Apt 729 | condos | 0 | 1 | 400 | $429,000 | — |
| 5055 Collins Ave Unit CAB14 | condos | 0 | — | 152 | $95,000 | — |
| 4391 Collins Ave Unit 803 | condos | 0 | 1 | 544 | $825,000 | — |
| 255 W 24th St Apt 208 | condos | 0 | 1 | 270 | $164,000 | — |
| 2899 Collins Ave Apt 1734 | condos | 0 | 1 | 566 | $294,400 | — |
10-year hold projection
IRR-8.7%
Equity multiple-0.49x
Total return (10yr)-$96,318
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $412,000 | -$2,484 | -$28,241 | $316,530 | $95,470 |
| 2 | $424,360 | -$2,447 | -$28,231 | $312,823 | $111,537 |
| 3 | $437,091 | -$2,406 | -$28,217 | $308,860 | $128,231 |
| 4 | $450,204 | -$2,360 | -$28,200 | $304,626 | $145,578 |
| 5 | $463,710 | -$2,311 | -$28,180 | $300,100 | $163,609 |
| 6 | $477,621 | -$2,257 | -$28,156 | $295,264 | $182,357 |
| 7 | $491,950 | -$2,198 | -$28,127 | $290,096 | $201,854 |
| 8 | $506,708 | -$2,134 | -$28,095 | $284,573 | $222,135 |
| 9 | $521,909 | -$2,065 | -$28,058 | $278,671 | $243,239 |
| 10 | $537,567 | -$1,991 | -$28,017 | $272,363 | $265,204 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.