18001 Collins Ave Unit 2112
Sunny Isles Beach, FL 33160 · condos · For Sale · 806 days on market
Asking price$395,000
0 beds 1 baths 551 sqft
Suggested offer$210,003$184,997 above the est. market value of $210,003.
View on Realtor.com →Listed by Fernando Alpern · EXP Realty, LLC
Typecondos
Built2003
Price / sqft$717
Est. value (own analysis)$210,003
Rent estimate (own analysis)$2,141/mo
HOA$1,909/mo
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Statusfor_sale
Listed date2024-06-18
Removed date—
MLSMiamiMLS #A11608815
Coordinates25.94318, -80.12042
Address18001 Collins Ave Unit 2112
CitySunny Isles Beach
StateFL
Zip33160
Listing ID5516831152
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $395,000 |
| Down payment (20.0%) | $79,000 |
| Loan amount | $316,000 |
| Closing costs (5.0%) | $19,750 |
| Total cash to close | $98,750 |
| Income | |
| Rent (comp-derived) | $2,141$25,692 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,970$23,637 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $625$7,505 |
| Insurance (placeholder 0.8% of price) | $263$3,160 |
| HOA dues | $1,909$22,908 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $107$1,285 |
| Total operating expenses | $2,905$34,858 |
| 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) | $107$1,285 |
| 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 | 0 | 1 | 516 | $2,141 | 2024-06-14 | — | |
| apartment | 0 | 1 | 539 | $2,533 | 2025-06-03 | — | |
| apartment | 0 | 1 | 555 | $2,525 | 2026-07-10 | — | |
| condos | 0 | 1 | 595 | $1,700 | 2026-08-04 | — | |
| condos | 0 | 1 | 420 | $1,850 | 2026-05-10 | — | |
| condos | 0 | 1 | 550 | $2,500 | 2026-08-26 | — | |
| condos | 0 | 1 | 595 | $1,700 | 2026-06-25 | — | |
| condos | 0 | 1 | 360 | $1,950 | 2026-08-21 | — | |
| condos | 0 | 1 | 410 | $1,745 | 2026-01-26 | — | |
| condos | 0 | 1 | 420 | $2,100 | 2026-08-21 | — | |
| condos | 0 | 1 | 377 | $1,600 | 2026-06-01 | — | |
| condos | 0 | 1 | 448 | $1,600 | 2024-10-17 | — | |
| apartment | 0 | 1 | 360 | $2,200 | 2025-11-02 | — | |
| condos | 0 | 1 | 410 | $1,850 | 2026-06-17 | — | |
| condos | 0 | 1 | 410 | $1,850 | 2026-06-23 | — | |
| condos | 0 | 1 | 360 | $1,750 | 2026-08-04 | — | |
| condos | 0 | 1 | 360 | $2,000 | 2025-03-14 | — | |
| condos | 0 | 1 | 360 | $2,100 | 2026-06-22 | — | |
| condos | 0 | 1 | 448 | $1,750 | 2026-04-22 | — | |
| condos | 0 | 1 | 360 | $1,950 | 2026-02-26 | — | |
| condos | 0 | 1 | 410 | $1,999 | 2026-01-05 | — | |
| condos | 0 | 1 | 360 | $1,895 | 2024-06-17 | — | |
| condos | 0 | 1 | 410 | $2,200 | 2026-05-13 | — | |
| condos | 0 | 1 | 360 | $2,000 | 2026-02-19 | — | |
| condos | 0 | 1 | 420 | $2,950 | 2026-08-02 | — | |
| condos | 0 | 1 | 430 | $2,600 | 2025-08-13 | — | |
| condos | 0 | 1 | 430 | $2,700 | 2025-08-13 | — | |
| condos | 0 | 1 | 360 | $3,000 | 2023-11-06 | — | |
| condos | 0 | 1 | 430 | $2,800 | 2025-08-09 | — | |
| condos | 0 | 1 | 360 | $1,999 | 2026-07-05 | — | |
| condos | 0 | 1 | 360 | $1,800 | 2025-11-18 | — | |
| condos | 0 | 1 | 360 | $2,200 | 2026-07-18 | — | |
| condos | 0 | 1 | 410 | $2,200 | 2024-07-19 | — | |
| condos | 0 | 1 | 370 | $3,300 | 2026-07-16 | — | |
| condos | 0 | 1 | 360 | $2,300 | 2024-06-14 | — | |
| condos | 0 | 1 | 410 | $2,300 | 2024-06-13 | — | |
| condos | 0 | 1 | 360 | $2,400 | 2026-03-03 | — | |
| condos | 0 | 1 | 360 | $1,950 | 2026-08-17 | — | |
| apartment | 0 | 1 | 586 | $2,241 | — | — | |
| apartment | 0 | 1 | 516 | $2,266 | — | — | |
| apartment | 0 | 1 | 567 | $2,361 | — | — | |
| apartment | 0 | 1 | 675 | — | 2025-01-03 | — | |
| condos | 0 | 1 | 410 | $2,400 | 2026-08-29 | — | |
| condos | 0 | 1 | 360 | $10,392 | 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 |
|---|---|---|---|---|---|---|
| 6750864223 | condos | 0 | 1 | 664 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1010 | condos | 0 | 1 | 551 | $220,000 | 2026-08-28 |
| 18001 Collins Ave Unit 1403 | condos | 0 | 1 | 551 | $220,000 | 2026-08-28 |
| 250 174th St Apt 1510 | condos | 0 | 1 | 595 | $170,000 | 2026-08-25 |
| 18001 Collins Ave Unit 2204 | condos | 0 | 1 | 457 | $200,000 | 2026-08-21 |
| 18001 Collins Ave Unit 2102 | condos | 0 | 1 | 664 | $205,000 | 2026-08-21 |
| 19201 Collins Ave Unit 1130 | condos | 0 | 1 | 410 | $107,500 | 2026-08-03 |
| 18001 Collins Ave Unit 2118 | condos | 0 | 1 | 551 | $215,000 | 2026-07-31 |
| 19201 Collins Ave Unit 114 | condos | 0 | 1 | 360 | $141,500 | 2026-07-27 |
| 18001 Collins Ave Unit 1710 | condos | 0 | 1 | 551 | $205,000 | 2026-07-13 |
| 18001 Collins Ave Unit 2910 | condos | 0 | 1 | 551 | $200,000 | 2026-06-12 |
| 19201 Collins Ave Unit 924 | condos | 0 | 1 | 360 | $149,500 | 2026-06-11 |
| 19201 Collins Ave Unit 630 | condos | 0 | 1 | — | $53,500 | 2026-06-11 |
| 18001 Collins Ave Unit 1411 | condos | 0 | 1 | 664 | $290,000 | 2026-06-08 |
| 19201 Collins Ave Unit 1133 | condos | 0 | 1 | 360 | $90,000 | 2026-06-05 |
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 |
|---|---|---|---|---|---|---|
| 19201 Collins Ave Unit 726 | condos | 0 | 1 | 370 | $89,000 | — |
| 251 174th St Apt 2310 | condos | 0 | 1 | 595 | $150,000 | — |
| 19201 Collins Ave Unit 243 | condos | 0 | 1 | 360 | $69,000 | — |
| 19201 Collins Ave Unit 1144 | condos | 0 | 1 | 360 | $95,000 | — |
| 19201 Collins Ave Unit 527 | condos | 0 | 1 | 360 | $82,500 | — |
| 19201 Collins Ave Unit 1103 | condos | 0 | 1 | 420 | $99,900 | — |
| 19201 Collins Ave Unit 231 | condos | 0 | 1 | 360 | $100,000 | — |
| 18001 Collins Ave Unit 917 | condos | 0 | 1 | 664 | $257,000 | — |
10-year hold projection
IRR-14.3%
Equity multiple-1.49x
Total return (10yr)-$194,743
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $406,850 | -$11,221 | -$36,874 | $312,574 | $94,276 |
| 2 | $419,056 | -$11,383 | -$37,068 | $308,912 | $110,143 |
| 3 | $431,627 | -$11,546 | -$37,264 | $305,000 | $126,628 |
| 4 | $444,576 | -$11,709 | -$37,461 | $300,818 | $143,758 |
| 5 | $457,913 | -$11,873 | -$37,659 | $296,349 | $161,564 |
| 6 | $471,651 | -$12,037 | -$37,859 | $291,574 | $180,077 |
| 7 | $485,800 | -$12,201 | -$38,059 | $286,470 | $199,330 |
| 8 | $500,374 | -$12,365 | -$38,260 | $281,016 | $219,358 |
| 9 | $515,385 | -$12,528 | -$38,462 | $275,188 | $240,198 |
| 10 | $530,847 | -$12,692 | -$38,665 | $268,959 | $261,888 |
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.