6423 Collins Ave Apt 1702
Miami Beach, FL 33141 · condos · For Sale · 7 days on market
Asking price$725,000
1 beds 2 baths 1,412 sqft
Suggested offer$495,683$229,317 above the est. market value of $495,683.
View on Realtor.com →Listed by Brian Lea · LoKation® Real Estate
Typecondos
Built1976
Price / sqft$513
Est. value (own analysis)$495,683
Rent estimate (own analysis)$2,800/mo
HOA$1,400/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
1 / 86
Show every detail
Statusfor_sale
Listed date2026-08-27
Removed date—
MLSMiamiMLS #A12078507
Coordinates25.84676, -80.11965
Address6423 Collins Ave Apt 1702
CityMiami Beach
StateFL
Zip33141
Listing ID5415640209
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $725,000 |
| Down payment (20.0%) | $145,000 |
| Loan amount | $580,000 |
| Closing costs (5.0%) | $36,250 |
| Total cash to close | $181,250 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,148$13,775 |
| Insurance (est. scaled by flood & wind risk) | $846$10,150 |
| HOA dues | $1,400$16,800 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $3,534$42,405 |
| 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) | $140$1,680 |
| 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 |
|---|---|---|---|---|---|---|---|
| apartment | 1 | 1 | 1,000 | $2,300 | 2022-06-14 | — | |
| condos | 1 | 2 | 1,387 | $2,800 | 2026-08-26 | — | |
| condos | 1 | 1 | 922 | $2,200 | 2026-05-15 | — | |
| condos | 1 | 1 | 940 | $2,050 | 2026-07-18 | — | |
| condos | 1 | 1 | 940 | $2,100 | 2026-08-10 | — | |
| condos | 1 | 2 | 1,057 | $2,650 | 2026-08-13 | — | |
| condos | 1 | 1 | 924 | $2,700 | 2026-08-05 | — | |
| apartment | 1 | 1 | 950 | $2,150 | 2026-02-02 | — | |
| apartment | 1 | 1 | 1,235 | $2,660 | 2026-08-28 | — | |
| condos | 1 | 2 | 1,003 | $4,800 | 2026-08-23 | — | |
| condos | 1 | 2 | 920 | $5,600 | 2026-08-27 | — | |
| apartment | 1 | 1 | 1,000 | $2,100 | 2026-08-25 | — | |
| condos | 1 | 2 | 920 | $7,500 | 2026-08-28 | — | |
| condos | 1 | 1 | 1,030 | $2,600 | 2026-08-22 | — | |
| condos | 1 | 1 | 940 | $2,100 | 2026-04-14 | — | |
| condos | 1 | 2 | 1,151 | $5,500 | 2026-04-29 | — | |
| apartment | 1 | 1 | 940 | $2,400 | 2025-12-03 | — | |
| condos | 1 | 2 | 920 | $2,800 | 2026-03-18 | — | |
| apartment | 1 | 1 | 940 | $2,400 | 2026-08-01 | — | |
| condos | 1 | 2 | 939 | $2,800 | 2026-07-13 | — | |
| condos | 1 | 1 | 952 | $3,000 | 2026-05-26 | — | |
| apartment | 1 | 1 | 950 | $2,150 | 2026-06-03 | — | |
| condos | 1 | 2 | 1,109 | $3,490 | 2026-07-25 | — | |
| condos | 1 | 2 | 1,010 | $2,800 | 2026-03-27 | — | |
| condos | 1 | 1 | 952 | $4,500 | 2026-06-02 | — | |
| condos | 1 | 2 | 1,003 | $2,850 | 2026-03-20 | — | |
| condos | 1 | 2 | 1,151 | $5,500 | 2025-08-06 | — | |
| condos | 1 | 2 | 1,848 | $6,400 | 2026-08-07 | — | |
| condos | 1 | 2 | 981 | $2,700 | 2026-07-15 | — | |
| condos | 1 | 2 | 1,006 | $3,000 | 2026-07-08 | — | |
| condos | 1 | 2 | 920 | $6,300 | 2026-03-12 | — | |
| condos | 1 | 2 | 1,151 | $5,500 | 2025-11-30 | — | |
| condos | 1 | 2 | 1,052 | $4,500 | 2026-06-22 | — | |
| condos | 1 | 1 | 952 | $3,500 | 2026-07-22 | — | |
| condos | 1 | 2 | 943 | $4,500 | 2026-05-01 | — | |
| apartment | 1 | 1 | 940 | $2,175 | — | — | |
| apartment | 1 | 1 | 925 | $2,810 | — | — | |
| apartment | 1 | 1 | 925 | $2,800 | — | — | |
| apartment | 1 | 1 | 925 | $2,270 | — | — | |
| apartment | 1 | 1 | 925 | $2,270 | 2025-06-06 | — | |
| apartment | 1 | 1 | 925 | $2,740 | — | — | |
| condos | 1 | 1 | 940 | $2,550 | 2026-08-31 | — | |
| condos | 1 | 2 | 1,136 | $3,300 | 2026-08-31 | — | |
| condos | 1 | 1 | 932 | $3,500 | 2026-08-31 | — | |
| condos | 1 | 2 | 1,136 | $2,850 | 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 |
|---|---|---|---|---|---|---|
| 6770 Indian Creek Dr Apt 15L | condos | 1 | 2 | 910 | $422,500 | 2026-08-27 |
| 6770 Indian Creek Dr Apt 6R | condos | 1 | 2 | 910 | $215,000 | 2026-08-21 |
| 6770 Indian Creek Dr Ph R | condos | 1 | 2 | 910 | $300,000 | 2026-08-19 |
| 7910 Harbor Island Dr Apt 504 | condos | 1 | 2 | 900 | $320,000 | 2026-08-14 |
| 7910 Harbor Island Dr Apt 704 | condos | 1 | 2 | 900 | $340,000 | 2026-08-11 |
| 7800 Collins Ave Apt 302 | condos | 1 | 1 | 720 | $330,000 | 2026-08-07 |
| 630 85th St Apt 102 | condos | 1 | 1 | 492 | $270,000 | 2026-08-05 |
| 6830 Indian Creek Dr Unit 5B | condos | 1 | 2 | 820 | $240,000 | 2026-08-03 |
| 7135 Collins Ave Apt 602 | condos | 1 | 2 | 1,010 | $350,000 | 2026-08-01 |
| 7800 Carlyle Ave Apt 6C | condos | 1 | 2 | 643 | $215,000 | 2026-07-31 |
| 7118 Bonita Dr Apt 704 | condos | 1 | 2 | 865 | $215,000 | 2026-07-31 |
| 6941 Bay Dr Apt B3 | condos | 1 | 1 | 700 | $210,000 | 2026-07-31 |
| 7207 Bay Dr Unit 21 | condos | 1 | 1 | 752 | $270,000 | 2026-07-28 |
| 6801 Indian Creek Dr Apt 602 | condos | 1 | 2 | 905 | $245,000 | 2026-07-27 |
| 7545 E Treasure Dr Apt 9K | condos | 1 | 1 | 741 | $205,000 | 2026-07-21 |
| 7135 Collins Ave Apt 834 | condos | 1 | 2 | 912 | $480,000 | 2026-07-17 |
| 6830 Indian Creek Dr Unit 7B | condos | 1 | 2 | 843 | $276,000 | 2026-07-16 |
| 7135 Collins Ave Apt 912 | condos | 1 | 2 | 1,010 | $375,000 | 2026-07-15 |
| 7135 Collins Ave Apt 712 | condos | 1 | 2 | 1,010 | $460,000 | 2026-07-13 |
| 7925 Carlyle Ave Apt 202 | condos | 1 | 2 | 609 | $175,000 | 2026-07-13 |
| 6515 Collins Ave Apt 905 | condos | 1 | 2 | 819 | $740,000 | 2026-07-10 |
| 1865 79th St Cswy Apt 14D | condos | 1 | 1 | 940 | $190,000 | 2026-07-08 |
| 6365 Collins Ave Apt 904 | condos | 1 | 2 | 808 | $710,000 | 2026-07-07 |
| 7135 Collins Ave Apt 733 | condos | 1 | 2 | 912 | $350,000 | 2026-06-29 |
| 910 Bay Dr Apt 29 | condos | 1 | 1 | 890 | $300,000 | 2026-06-23 |
| 900 Bay Dr Apt 513 | condos | 1 | 1 | 678 | $215,000 | 2026-06-22 |
| 7135 Collins Ave Apt 1131 | condos | 1 | 2 | 1,010 | $275,000 | 2026-06-18 |
| 630 85th St Apt 104 | condos | 1 | 1 | 590 | $273,500 | 2026-06-15 |
| 8201 Byron Ave Apt 405 | condos | 1 | 2 | 854 | $205,000 | 2026-06-12 |
| 7326 Collins Ave Apt 105 | condos | 1 | 1 | 443 | $290,000 | 2026-06-10 |
| 7326 Collins Ave Apt 201 | condos | 1 | 1 | 452 | $299,000 | 2026-05-29 |
| 2000 Biarritz Dr Apt 201 | condos | 1 | 1 | 721 | $200,000 | 2026-05-29 |
| 630 85th St Apt 101 | condos | 1 | 1 | 470 | $260,000 | 2026-05-29 |
| 6515 Collins Ave Apt 1507 | condos | 1 | 2 | 818 | $755,000 | 2026-05-19 |
| 6801 Indian Creek Dr Apt 804 | condos | 1 | 2 | 980 | $275,000 | 2026-05-18 |
| 6895 Byron Ave Apt 207 | condos | 1 | 1 | 679 | $205,000 | 2026-05-14 |
| 6930 Byron Ave Apt 107 | condos | 1 | 1 | 432 | $200,000 | 2026-05-14 |
| 6899 Collins Ave Unit 2109 | condos | 1 | 1 | 820 | $635,000 | 2026-05-12 |
| 6900 Bay Dr Apt 10K | condos | 1 | 2 | 970 | $210,000 | 2026-05-07 |
| 6801 Collins Ave Unit 417 | condos | 1 | 1 | 800 | $775,000 | 2026-05-05 |
| 7133 Bay Dr Apt 601 | condos | 1 | 1 | 900 | $244,000 | 2026-05-01 |
| 1455 N Treasure Dr Ph G | condos | 1 | 1 | 827 | $250,000 | 2026-04-29 |
| 7904 West Dr Apt 508 | condos | 1 | 1 | 656 | $220,000 | 2026-04-28 |
| 6937 Bay Dr Apt 210 | condos | 1 | 2 | 686 | $210,000 | 2026-04-28 |
| 6365 Collins Ave Apt 2406 | condos | 1 | 2 | 808 | $805,000 | 2026-04-27 |
| 2160 Baydr Unit 2-11 | condos | 1 | 1 | 550 | $222,000 | 2026-04-21 |
| 6515 Collins Ave Apt 1007 | condos | 1 | 2 | 818 | $775,000 | 2026-04-10 |
| 7904 West Dr Apt 903 | condos | 1 | 1 | 436 | $194,000 | 2026-04-03 |
| 6917 Collins Ave Apt 820 | condos | 1 | 2 | 812 | $445,000 | 2026-04-02 |
| 8024 Tatum Waterway Dr Apt 5D | condos | 1 | 2 | 785 | $250,000 | 2026-03-30 |
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 |
|---|---|---|---|---|---|---|
| 580 72nd St Ph 6 | condos | 1 | 1 | 657 | $1,210,000 | — |
| 580 72nd St Ph 4 | condos | 1 | 2 | 639 | $1,200,000 | — |
| 600 71st St Unit 6 | condos | 1 | 1 | 759 | $710,000 | — |
| 600 71st St | apartment | 1 | 1 | 558 | $972,000 | — |
| 1801 S Treasure Dr Apt 302 | condos | 1 | 1 | — | $179,500 | — |
| 6900 Bay Dr Apt 3H | condos | 1 | 2 | 780 | $199,900 | — |
| 8001 Byron Ave Apt 3C | condos | 1 | 1 | 767 | $200,000 | — |
| 2250 Bay Dr Apt 7 | condos | 1 | 1 | 750 | $230,000 | — |
10-year hold projection
IRR-11.1%
Equity multiple-0.91x
Total return (10yr)-$251,117
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $746,750 | -$11,493 | -$57,900 | $573,711 | $173,039 |
| 2 | $769,153 | -$11,626 | -$58,075 | $566,991 | $202,161 |
| 3 | $792,227 | -$11,757 | -$58,249 | $559,809 | $232,418 |
| 4 | $815,994 | -$11,887 | -$58,423 | $552,134 | $263,860 |
| 5 | $840,474 | -$12,015 | -$58,597 | $543,932 | $296,542 |
| 6 | $865,688 | -$12,142 | -$58,770 | $535,167 | $330,521 |
| 7 | $891,659 | -$12,266 | -$58,941 | $525,799 | $365,859 |
| 8 | $918,408 | -$12,388 | -$59,112 | $515,789 | $402,619 |
| 9 | $945,961 | -$12,508 | -$59,282 | $505,091 | $440,870 |
| 10 | $974,339 | -$12,625 | -$59,450 | $493,658 | $480,681 |
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.