9111 Collins Ave Unit N712
Surfside, FL 33154 · condos · For Sale · 115 days on market
Asking price$5,700,000
1 beds 2 baths 1,411 sqft
Suggested offer$697,349$5,002,651 above the est. market value of $697,349.
View on Realtor.com →Listed by Ximena Penuela · Fort Realty, Llc
Typecondos
Built2017
Price / sqft$4040
Est. value (own analysis)$697,349
Rent estimate (own analysis)$3,698/mo
HOA$5,104/mo
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Statusfor_sale
Listed date2026-05-11
Removed date—
MLSMiamiMLS #A12014556
Coordinates25.87647, -80.12112
Address9111 Collins Ave Unit N712
CitySurfside
StateFL
Zip33154
Listing ID5668155761
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33154)
Typical home value (ZHVI)$1,230,561
Typical rent (ZORI)$4,738/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 | $5,700,000 |
| Down payment (20.0%) | $1,140,000 |
| Loan amount | $4,560,000 |
| Closing costs (5.0%) | $285,000 |
| Total cash to close | $1,425,000 |
| Income | |
| Rent (comp-derived) | $3,698$44,370 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,402$40,820 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $9,025$108,300 |
| Insurance (placeholder 0.8% of price) | $3,800$45,600 |
| HOA dues | $5,104$61,248 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $185$2,219 |
| Total operating expenses | $18,114$217,367 |
| 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) | $185$2,219 |
| 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 | 1 | 1 | 978 | $2,500 | 2025-12-31 | — | |
| condos | 1 | 2 | 1,275 | $2,000 | 2026-06-17 | — | |
| condos | 1 | 2 | 962 | $3,000 | 2026-08-05 | — | |
| condos | 1 | 2 | 1,221 | $12,000 | 2026-08-27 | — | |
| condos | 1 | 2 | 1,031 | $5,700 | 2026-03-10 | — | |
| condos | 1 | 2 | 929 | $3,450 | 2026-05-19 | — | |
| condos | 1 | 2 | 975 | $3,400 | 2026-06-17 | — | |
| condos | 1 | 2 | 962 | $2,750 | 2026-08-06 | — | |
| condos | 1 | 1 | 1,015 | $3,000 | 2026-06-25 | — | |
| condos | 1 | 2 | 964 | $4,350 | 2026-08-13 | — | |
| condos | 1 | 1 | 950 | $2,650 | 2026-05-12 | — | |
| condos | 1 | 1 | 1,019 | $3,300 | 2026-07-15 | — | |
| condos | 1 | 1 | 1,015 | $3,500 | 2026-07-16 | — | |
| condos | 1 | 2 | 928 | $2,100 | 2026-05-31 | — | |
| condos | 1 | 2 | 962 | $2,900 | 2026-06-05 | — | |
| condos | 1 | 2 | 1,164 | $4,700 | 2026-08-03 | — | |
| condos | 1 | 2 | 918 | $2,850 | 2026-06-08 | — | |
| condos | 1 | 2 | 1,267 | $13,950 | 2026-01-07 | — | |
| condos | 1 | 2 | 1,164 | $4,750 | 2026-07-21 | — | |
| condos | 1 | 1 | 1,019 | $3,500 | 2026-06-23 | — | |
| condos | 1 | 2 | 962 | $3,350 | 2026-08-17 | — | |
| condos | 1 | 1 | 950 | $3,000 | 2026-07-01 | — | |
| condos | 1 | 2 | 1,150 | $3,700 | 2026-03-11 | — | |
| condos | 1 | 2 | 929 | $3,695 | 2025-11-05 | — | |
| condos | 1 | 2 | 929 | $3,600 | 2026-05-14 | — | |
| condos | 1 | 2 | 1,040 | $3,200 | 2026-05-12 | — | |
| condos | 1 | 2 | 1,150 | $8,200 | 2026-06-04 | — | |
| apartment | 1 | 2 | 993 | $4,000 | 2026-06-30 | — | |
| condos | 1 | 2 | 927 | $5,500 | 2026-07-16 | — | |
| condos | 1 | 2 | 1,150 | $3,000 | 2025-04-17 | — | |
| condos | 1 | 2 | 1,147 | $27,500 | 2025-01-23 | — | |
| condos | 1 | 2 | 1,513 | $26,000 | 2026-06-02 | — | |
| condos | 1 | 2 | 1,150 | $5,000 | 2026-07-20 | — | |
| condos | 1 | 2 | 964 | $7,900 | 2026-07-21 | — | |
| condos | 1 | 2 | 994 | $5,000 | 2026-05-11 | — | |
| condos | 1 | 2 | 1,195 | $4,000 | 2026-07-15 | — | |
| condos | 1 | 2 | 1,150 | $10,000 | 2026-06-01 | — | |
| condos | 1 | 2 | 1,147 | $27,500 | 2023-12-14 | — | |
| condos | 1 | 2 | 1,221 | $12,000 | — | — | |
| apartment | 1 | 2 | 993 | $4,200 | 2026-07-14 | — | |
| condos | 1 | 2 | 1,164 | $4,700 | — | — | |
| condos | 1 | 2 | 1,164 | $4,700 | — | — | |
| condos | 1 | 2 | 962 | $3,000 | — | — | |
| condos | 1 | 2 | 962 | $3,350 | — | — | |
| condos | 1 | 1 | 1,015 | $3,500 | — | — | |
| condos | 1 | 1 | 1,019 | $3,300 | — | — | |
| condos | 1 | 2 | 980 | $5,750 | — | — | |
| condos | 1 | 3 | 980 | $5,750 | — | — | |
| condos | 1 | 2 | 964 | $7,900 | — | — | |
| condos | 1 | 2 | 918 | $2,500 | 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 |
|---|---|---|---|---|---|---|
| 9800 W Bay Harbor Dr Apt 602 | condos | 1 | 2 | 895 | $540,000 | 2026-08-27 |
| 1070 98th St Apt 14 | condos | 1 | 1 | 530 | $215,000 | 2026-08-25 |
| 10350 W Bay Harbor Dr Apt 4T | condos | 1 | 1 | 950 | $400,000 | 2026-08-24 |
| 10275 Collins Ave Apt 915 | condos | 1 | 2 | 896 | $800,000 | 2026-08-20 |
| 9700 E Bay Harbor Dr Apt 406 | condos | 1 | 2 | 919 | $255,000 | 2026-08-05 |
| 9500 W Bay Harbor Dr Apt 6B | condos | 1 | 2 | 975 | $495,000 | 2026-07-17 |
| 9225 Collins Ave Apt 1409 | condos | 1 | 2 | 918 | $400,000 | 2026-07-10 |
| 10275 Collins Ave Apt 724 | condos | 1 | 2 | 896 | $718,000 | 2026-06-25 |
| 10275 Collins Ave Apt 429 | condos | 1 | 2 | 896 | $610,000 | 2026-06-23 |
| 10275 Collins Ave Apt 529 | condos | 1 | 2 | 896 | $592,500 | 2026-06-22 |
| 10350 W Bay Harbor Dr Apt 10K | condos | 1 | 1 | 950 | $295,000 | 2026-06-17 |
| 9700 E Bay Harbor Dr Apt 505 | condos | 1 | 2 | 919 | $242,500 | 2026-06-01 |
| 1177 Kane Concourse Unit 702 | condos | 1 | 2 | 1,150 | $1,662,500 | 2026-05-18 |
| 1177 Kane Concourse Unit 802 | condos | 1 | 2 | 1,150 | $1,835,000 | 2026-05-18 |
| 8888 Collins Ave Apt 318 | condos | 1 | 2 | 810 | $375,000 | 2026-05-15 |
| 9140 Collins Ave Apt C | condos | 1 | 1 | 560 | $240,000 | 2026-04-29 |
| 10185 Collins Ave Apt 410 | condos | 1 | 1 | 1,019 | $270,000 | 2026-04-23 |
| 10185 Collins Ave Apt 1002 | condos | 1 | 1 | 1,019 | $405,000 | 2026-04-07 |
| 9195 Collins Ave Ph 14 | condos | 1 | 1 | 860 | $520,000 | 2026-04-01 |
| 9511 Collins Ave Apt 806 | condos | 1 | 2 | 929 | $560,000 | 2026-03-24 |
| 9102 W Bay Harbor Dr Unit 6B | condos | 1 | 2 | 1,150 | $470,000 | 2026-03-06 |
| 20 Park Dr Apt 7 | condos | 1 | 1 | 779 | $360,000 | 2026-02-27 |
| 9511 Collins Ave Apt 606 | condos | 1 | 2 | 929 | $480,000 | 2026-02-13 |
| 10203 Collins Ave Unit 903 | condos | 1 | 2 | 1,632 | $3,700,000 | 2026-02-10 |
| 9500 W Bay Harbor Dr Apt 6F | condos | 1 | 2 | 975 | $270,000 | 2026-02-09 |
| 10275 Collins Ave Apt 929 | condos | 1 | 2 | 896 | $680,000 | 2026-02-09 |
| 9381 E Bay Harbor Dr Apt 501S | condos | 1 | 2 | 1,040 | $350,000 | 2026-01-31 |
| 10295 Collins Ave Unit 312 | condos | 1 | 1 | 510 | $630,000 | 2026-01-21 |
| 20 Park Dr Apt 2 | condos | 1 | 1 | 779 | $385,000 | 2026-01-15 |
| 9195 Collins Ave Apt 404 | condos | 1 | 1 | 905 | $475,000 | 2025-12-12 |
| 10178 Collins Ave Apt 102 | condos | 1 | 1 | 800 | $303,500 | 2025-12-12 |
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 |
|---|---|---|---|---|---|---|
| 9195 Collins Ave Apt 1109 | condos | 1 | 1 | 905 | $999,000 | — |
| 10185 Collins Ave Apt 1223 | condos | 1 | 2 | 993 | $850,000 | — |
| 10001 W Bay Harbor Dr Apt 202 | condos | 1 | 1 | 846 | $276,000 | — |
| 10275 Collins Ave Apt 527 | condos | 1 | 2 | 896 | $649,000 | — |
| 10210 Collins Ave Apt 303 | condos | 1 | 2 | 986 | $450,000 | — |
| 8888 Collins Ave Apt 206 | condos | 1 | 1 | 750 | $369,000 | — |
| 9225 Collins Ave Apt 610 | condos | 1 | 2 | 918 | $428,000 | — |
| 10350 W Bay Harbor Dr Apt 5E | condos | 1 | 1 | 950 | $349,000 | — |
10-year hold projection
IRR-14.6%
Equity multiple-1.54x
Total return (10yr)-$2,869,446
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $5,871,000 | -$176,546 | -$530,410 | $4,510,559 | $1,360,441 |
| 2 | $6,047,130 | -$180,756 | -$534,675 | $4,457,724 | $1,589,406 |
| 3 | $6,228,544 | -$185,064 | -$539,041 | $4,401,260 | $1,827,284 |
| 4 | $6,415,400 | -$189,474 | -$543,509 | $4,340,918 | $2,074,482 |
| 5 | $6,607,862 | -$193,988 | -$548,083 | $4,276,433 | $2,331,429 |
| 6 | $6,806,098 | -$198,608 | -$552,764 | $4,207,520 | $2,598,578 |
| 7 | $7,010,281 | -$203,337 | -$557,555 | $4,133,874 | $2,876,407 |
| 8 | $7,220,589 | -$208,177 | -$562,459 | $4,055,171 | $3,165,419 |
| 9 | $7,437,207 | -$213,130 | -$567,478 | $3,971,063 | $3,466,144 |
| 10 | $7,660,323 | -$218,200 | -$572,616 | $3,881,180 | $3,779,144 |
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.