5161 Collins Ave Apt 309
Miami Beach, FL 33140 · condos · For Sale · 1503 days on market
Asking price$430,000
1 beds 1 baths 610 sqft
Suggested offer$324,136$105,864 above the est. market value of $324,136.
View on Realtor.com →Listed by Yanina Velez · Grand Realty Of America, Corp.
Typecondos
Built1966
Price / sqft$705
Est. value (own analysis)$324,136
Rent estimate (own analysis)$2,600/mo
HOA$629/mo
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Statusfor_sale
Listed date2022-07-22
Removed date—
MLSMiamiMLS #A11245418
Coordinates25.82904, -80.12101
Address5161 Collins Ave Apt 309
CityMiami Beach
StateFL
Zip33140
Listing ID5531339588
Sourceus-real-estate-listings, cached 2026-08-28
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 | $430,000 |
| Down payment (20.0%) | $86,000 |
| Loan amount | $344,000 |
| Closing costs (5.0%) | $21,500 |
| Total cash to close | $107,500 |
| Income | |
| Rent (comp-derived) | $2,600$31,200 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,392$28,704 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $681$8,170 |
| Insurance (placeholder 0.8% of price) | $287$3,440 |
| HOA dues | $629$7,548 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $130$1,560 |
| Total operating expenses | $1,727$20,718 |
| 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) | $130$1,560 |
| 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 | 566 | $3,102 | 2025-07-03 | — | |
| apartment | 1 | 2 | 700 | $2,200 | 2026-05-27 | — | |
| apartment | 1 | 1 | 681 | $1,945 | 2026-08-01 | — | |
| condos | 1 | 1 | 727 | $2,400 | 2026-06-17 | — | |
| condos | 1 | 1 | 790 | $2,650 | 2026-04-29 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-04-25 | — | |
| condos | 1 | 1 | 671 | $1,945 | 2026-07-22 | — | |
| apartment | 1 | 1 | 540 | $2,050 | 2026-07-17 | — | |
| apartment | 1 | 1 | 450 | $1,800 | 2026-07-15 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-08-27 | — | |
| apartment | 1 | 1 | 500 | $2,200 | 2026-08-22 | — | |
| condos | 1 | 2 | 810 | $2,600 | 2026-08-18 | — | |
| condos | 1 | 2 | 810 | $2,650 | 2026-03-30 | — | |
| condos | 1 | 1 | 580 | $2,250 | 2026-08-24 | — | |
| condos | 1 | 1 | 726 | $2,500 | 2026-02-16 | — | |
| condos | 1 | 2 | 730 | $2,400 | 2026-04-27 | — | |
| condos | 1 | 2 | 798 | $3,500 | 2026-08-26 | — | |
| condos | 1 | 3 | 760 | $2,600 | 2026-07-21 | — | |
| condos | 1 | 1 | 470 | $1,699 | 2026-08-20 | — | |
| condos | 1 | 2 | 810 | $2,495 | 2026-05-26 | — | |
| condos | 1 | 1 | 610 | $2,500 | 2026-05-19 | — | |
| condos | 1 | 1 | 667 | $2,850 | 2026-04-21 | — | |
| apartment | 1 | 1 | 670 | $2,295 | 2026-06-25 | — | |
| condos | 1 | 1 | 470 | $1,650 | 2026-07-20 | — | |
| condos | 1 | 1 | 603 | $3,200 | 2026-08-20 | — | |
| apartment | 1 | 1 | 739 | $2,950 | 2026-08-24 | — | |
| apartment | 1 | 1 | 700 | $2,300 | 2026-07-16 | — | |
| condos | 1 | 1 | 570 | $2,600 | 2025-10-23 | — | |
| condos | 1 | 2 | 810 | $2,450 | 2026-04-24 | — | |
| condos | 1 | 2 | 810 | $2,200 | 2026-04-27 | — | |
| condos | 1 | 1 | 603 | $2,500 | 2026-08-07 | — | |
| condos | 1 | 1 | 600 | $2,500 | 2026-08-08 | — | |
| condos | 1 | 1 | 550 | $2,600 | 2026-05-07 | — | |
| condos | 1 | 1 | 645 | $2,500 | 2026-07-23 | — | |
| condos | 1 | 1 | 610 | $2,800 | 2022-08-04 | — | |
| condos | 1 | 2 | 797 | $2,900 | 2026-07-16 | — | |
| apartment | 1 | 1 | 570 | $3,500 | 2026-02-20 | — | |
| condos | 1 | 2 | 775 | $2,800 | 2026-07-21 | — | |
| condos | 1 | 1 | 600 | $2,500 | 2026-05-27 | — | |
| condos | 1 | 1 | 500 | $2,400 | 2026-06-08 | — | |
| condos | 1 | 2 | 797 | $3,300 | 2026-07-08 | — | |
| apartment | 1 | 2 | 815 | $3,000 | 2026-06-25 | — | |
| condos | 1 | 2 | 746 | $2,950 | 2026-06-17 | — | |
| condos | 1 | 2 | 798 | $3,999 | 2026-07-06 | — | |
| condos | 1 | 2 | 798 | $4,500 | 2026-07-31 | — | |
| condos | 1 | 2 | 798 | $6,600 | 2025-09-13 | — | |
| apartment | 1 | 2 | 800 | $6,300 | 2026-02-20 | — | |
| apartment | 1 | 1 | 671 | $5,025 | 2026-05-15 | — | |
| condos | 1 | 1 | 670 | $3,000 | 2026-06-17 | — | |
| condos | 1 | 1 | 500 | $2,400 | — | — | |
| condos | 1 | 2 | 800 | $3,300 | — | — | |
| condos | 1 | 1 | 457 | $2,100 | 2026-08-30 | — | |
| condos | 1 | 1 | 726 | $2,950 | 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 |
|---|---|---|---|---|---|---|
| 5445 Collins Ave Apt BAY14 | condos | 1 | 1 | 950 | $520,000 | 2026-09-01 |
| 5255 Collins Ave Apt 9F | condos | 1 | 2 | 1,475 | $845,000 | 2026-08-26 |
| 2625 Collins Ave Apt 1601 | condos | 1 | 2 | 1,075 | $575,000 | 2026-08-20 |
| 4775 Collins Ave Apt 2806 | condos | 1 | 2 | 1,100 | $1,030,000 | 2026-08-14 |
| 5601 Collins Ave Apt 511 | condos | 1 | 2 | 930 | $550,000 | 2026-08-03 |
| 5601 Collins Ave Apt 711 | condos | 1 | 2 | 930 | $595,000 | 2026-07-27 |
| 5445 Collins Ave Apt L3 | condos | 1 | 2 | 430 | $275,000 | 2026-07-24 |
| 2457 Collins Ave Apt 1703 | condos | 1 | 2 | 1,389 | $1,150,000 | 2026-07-21 |
| 2899 Collins Ave Apt 736 | condos | 1 | 1 | 726 | $306,000 | 2026-07-16 |
| 2899 Collins Ave Apt 548 | condos | 1 | 1 | 726 | $335,000 | 2026-07-16 |
| 4401 Collins Ave Unit 1015 | condos | 1 | 2 | 1,066 | $1,237,500 | 2026-07-15 |
| 5838 Collins Ave Apt 2H | condos | 1 | 2 | 815 | $280,000 | 2026-07-10 |
| 2655 Collins Ave Apt 1907 | condos | 1 | 2 | 1,122 | $467,500 | 2026-06-24 |
| 6039 Collins Ave Apt 412 | condos | 1 | 2 | 1,063 | $325,000 | 2026-06-06 |
| 4401 Collins Ave Unit 3003 | condos | 1 | 2 | 980 | $1,500,000 | 2026-06-05 |
| 5005 Collins Ave Apt 523 | condos | 1 | 1 | 938 | $289,000 | 2026-06-05 |
| 2555 Collins Ave Apt 2104 | condos | 1 | 2 | 848 | $520,375 | 2026-05-28 |
| 4730 Pine Tree Dr Apt 11 | condos | 1 | 1 | 500 | $125,000 | 2026-05-27 |
| 5005 Collins Ave Apt 425 | condos | 1 | 1 | 964 | $269,000 | 2026-05-26 |
| 2899 Collins Ave Apt 1717 | condos | 1 | 2 | 797 | $495,000 | 2026-05-20 |
| 2615 Collins Ave Apt 21 | condos | 1 | 1 | 490 | $310,000 | 2026-05-15 |
| 5005 Collins Ave Apt 212 | condos | 1 | 2 | 988 | $350,000 | 2026-05-14 |
| 2401 Collins Ave Apt 1712 | condos | 1 | 2 | 1,030 | $570,000 | 2026-05-01 |
| 3030 Collins Ave Apt 3E | condos | 1 | 1 | 428 | $307,000 | 2026-05-01 |
| 3030 Collins Ave Apt 4F | condos | 1 | 1 | 461 | $282,000 | 2026-04-29 |
| 5601 Collins Ave Ph 5 | condos | 1 | 2 | 930 | $765,000 | 2026-04-28 |
| 2401 Collins Ave Apt 705 | condos | 1 | 2 | 1,121 | $560,000 | 2026-04-28 |
| 2829 Indian Creek Dr Apt 1001 | condos | 1 | 2 | 850 | $450,000 | 2026-04-24 |
| 5255 Collins Ave Apt 10A | condos | 1 | 2 | 1,560 | $400,000 | 2026-04-15 |
| 5700 Collins Ave Apt 12K | condos | 1 | 2 | 900 | $480,000 | 2026-04-14 |
| 2457 Collins Ave Apt 503 | condos | 1 | 2 | 907 | $689,000 | 2026-04-10 |
| 4747 Collins Ave Apt 305 | condos | 1 | 1 | 790 | $300,000 | 2026-04-09 |
| 4401 Collins Ave Unit 3209 | condos | 1 | 1 | 526 | $970,000 | 2026-04-01 |
| 5838 Collins Ave Apt 6H | condos | 1 | 2 | 815 | $270,000 | 2026-03-31 |
| 5600 Collins Ave Apt 5L | condos | 1 | 1 | 930 | $455,000 | 2026-03-25 |
| 5225 Collins Ave Apt 1403 | condos | 1 | 2 | 790 | $460,000 | 2026-03-24 |
| 5701 Collins Ave Apt 1105 | condos | 1 | 2 | 824 | $385,000 | 2026-03-20 |
| 2858 Pine Tree Dr Apt 4 | condos | 1 | 1 | 683 | $312,000 | 2026-03-09 |
| 2401 Collins Ave Apt 507 | condos | 1 | 2 | 1,121 | $465,000 | 2026-03-06 |
| 5875 Collins Ave Apt 1006 | condos | 1 | 2 | 833 | $825,000 | 2026-02-19 |
| 2555 Collins Ave Apt 607 | condos | 1 | 2 | 861 | $670,000 | 2026-02-11 |
| 5005 Collins Ave Apt 202 | condos | 1 | 2 | 1,046 | $240,000 | 2026-02-06 |
| 4710 Pine Tree Dr Apt 26 | condos | 1 | 1 | 750 | $230,000 | 2026-02-04 |
| 5005 Collins Ave Apt 402 | condos | 1 | 2 | 1,046 | $354,000 | 2026-02-03 |
| 4779 Collins Ave Apt 2106 | condos | 1 | 2 | 1,100 | $1,020,000 | 2026-01-30 |
| 5255 Collins Ave Apt 1A | condos | 1 | 2 | 1,250 | $185,000 | 2026-01-28 |
| 4101 Pine Tree Dr Apt 709 | condos | 1 | 2 | 835 | $400,000 | 2025-12-31 |
| 5005 Collins Ave Apt 1105 | condos | 1 | 2 | 982 | $365,000 | 2025-12-15 |
| 5401 Collins Ave Apt 1220 | condos | 1 | 2 | 1,050 | $600,000 | 2025-12-12 |
| 2829 Indian Creek Dr Apt 605 | condos | 1 | 1 | 490 | $245,000 | 2025-12-09 |
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 |
|---|---|---|---|---|---|---|
| 5005 Collins Ave Apt 518 | condos | 1 | 1 | 938 | $335,000 | — |
| 5005 Collins Ave Apt 304 | condos | 1 | 1 | 942 | $330,000 | — |
| 5601 Collins Ave Unit 412A | condos | 1 | 2 | 910 | $540,000 | — |
| 4747 Collins Ave Apt 708 | condos | 1 | 1 | 790 | $365,000 | — |
| 5005 Collins Ave Apt 222 | condos | 1 | 1 | 1,026 | $300,000 | — |
| condos | 1 | 2 | 1,560 | $530,000 | — | |
| 4101 Pine Tree Dr Apt 1105 | condos | 1 | 2 | 835 | $599,000 | — |
| 5601 Collins Ave Apt 1723 | condos | 1 | 2 | 930 | $450,000 | — |
10-year hold projection
IRR-2.4%
Equity multiple0.60x
Total return (10yr)$13,287
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $442,900 | $7,986 | -$20,102 | $340,270 | $102,630 |
| 2 | $456,187 | $8,329 | -$19,798 | $336,284 | $119,903 |
| 3 | $469,873 | $8,685 | -$19,481 | $332,025 | $137,848 |
| 4 | $483,969 | $9,055 | -$19,153 | $327,473 | $156,496 |
| 5 | $498,488 | $9,438 | -$18,812 | $322,608 | $175,880 |
| 6 | $513,442 | $9,835 | -$18,457 | $317,409 | $196,033 |
| 7 | $528,846 | $10,248 | -$18,089 | $311,853 | $216,992 |
| 8 | $544,711 | $10,675 | -$17,707 | $305,916 | $238,795 |
| 9 | $561,052 | $11,119 | -$17,310 | $299,571 | $261,482 |
| 10 | $577,884 | $11,578 | -$16,898 | $292,790 | $285,094 |
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.