5445 Collins 1232 1424 928 724 12 Ave Unit 1730
Miami Beach, FL 33140 · condos · For Sale · 92 days on market
Asking price$2,400,000
6 beds 6 baths — sqft
Suggested offer$697,500$1,702,500 above the est. market value of $697,500.
View on Realtor.com →Listed by Victoria Romanenko · Golden Keys Inc
Typecondos
Built1966
Price / sqft—
Est. value (own analysis)$697,500
Rent estimate (Zillow ZIP avg)$3,694/mo
HOA$5,235/mo
1 / 8
Show every detail
Statusfor_sale
Listed date2026-06-02
Removed date—
MLSMiamiMLS #A12025435
Coordinates25.83409, -80.12023
Address5445 Collins 1232 1424 928 724 12 Ave Unit 1730
CityMiami Beach
StateFL
Zip33140
Listing ID6292545591
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 | $2,400,000 |
| Down payment (20.0%) | $480,000 |
| Loan amount | $1,920,000 |
| Closing costs (5.0%) | $120,000 |
| Total cash to close | $600,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $3,694$44,324 |
| Vacancy loss (8.0%) | |
| Effective gross income | $3,398$40,778 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $3,800$45,600 |
| Insurance (placeholder 0.8% of price) | $1,600$19,200 |
| HOA dues | $5,235$62,820 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $185$2,216 |
| Total operating expenses | $10,820$129,836 |
| 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$2,216 |
| 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.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. 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 |
|---|---|---|---|---|---|---|
| 5775 Collins Ave Apt 506 | condos | 2 | 3 | 1,363 | $3,800,000 | 2026-09-02 |
| 4775 Collins Ave Apt 1504 | condos | 2 | 2 | 1,490 | $1,350,000 | 2026-09-01 |
| 5445 Collins Ave Apt BAY14 | condos | 1 | 1 | 950 | $520,000 | 2026-09-01 |
| 4747 Collins Ave Apt 1109 | condos | 2 | 2 | 1,134 | $650,000 | 2026-09-01 |
| 5555 Collins Ave Apt 3N | condos | 2 | 2 | 1,301 | $675,000 | 2026-08-31 |
| 5775 Collins Ave Apt 1501 | condos | 4 | 6 | 3,443 | $13,600,000 | 2026-08-31 |
| 2463 Pine Tree Dr Unit Ph | condos | 2 | 2 | 1,320 | $675,000 | 2026-08-28 |
| 2642 Collins Ave Apt 303 | condos | 2 | 2 | 1,020 | $405,000 | 2026-08-28 |
| 2555 Collins Ave Apt 1002 | condos | 2 | 2 | 1,005 | $650,000 | 2026-08-26 |
| 5255 Collins Ave Apt 9F | condos | 1 | 2 | 1,475 | $845,000 | 2026-08-26 |
| 2455 Flamingo Dr Apt 201 | condos | 2 | 2 | 1,300 | $530,000 | 2026-08-25 |
| 5660 Collins Ave Apt 14C | condos | 2 | 3 | 2,210 | $1,090,000 | 2026-08-24 |
| 5600 Collins Ave Apt 15B | condos | 2 | 2 | 1,190 | $529,000 | 2026-08-21 |
| 2625 Collins Ave Apt 1601 | condos | 1 | 2 | 1,075 | $575,000 | 2026-08-20 |
| 5401 Collins Ave Apt 1135 | condos | 2 | 2 | 1,340 | $835,000 | 2026-08-19 |
| 5970 Indian Creek Dr Unit 207 | condos | 2 | 2 | 1,331 | $785,000 | 2026-08-17 |
| 3737 Collins Ave Unit S803 | condos | 2 | 3 | 1,621 | $2,100,000 | 2026-08-14 |
| 5555 Collins Ave Apt 4B | condos | 2 | 2 | 1,047 | $395,000 | 2026-08-14 |
| 5401 Collins Ave Apt 819 | condos | 4 | 3 | — | $800,000 | 2026-08-14 |
| 4775 Collins Ave Apt 2806 | condos | 1 | 2 | 1,100 | $1,030,000 | 2026-08-14 |
| 5555 Collins Ave Apt 12N | condos | 2 | 2 | 1,301 | $720,000 | 2026-08-12 |
| 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 |
| 5601 Collins Ave Apt 511 | condos | 1 | 2 | 930 | $550,000 | 2026-08-03 |
| 6039 Collins Ave Apt 924 | condos | 2 | 2 | 1,206 | $515,000 | 2026-07-31 |
| 5401 Collins Ave Apt 208 | condos | 2 | 3 | 1,430 | $835,000 | 2026-07-31 |
| 5640 Collins Ave Apt 6D | condos | 3 | 2 | 2,010 | $1,060,000 | 2026-07-30 |
| 2901 Collins Ave Unit 1501 | condos | 4 | 5 | 3,764 | $13,500,000 | 2026-07-27 |
| 5601 Collins Ave Apt 711 | condos | 1 | 2 | 930 | $595,000 | 2026-07-27 |
| 2401 Collins Ave Apt 602 | condos | 2 | 2 | 1,266 | $1,080,000 | 2026-07-24 |
| 5445 Collins Ave Apt L3 | condos | 1 | 2 | 430 | $275,000 | 2026-07-24 |
| 6039 Collins Ave Apt 1126 | condos | 3 | 2 | 1,605 | $1,000,000 | 2026-07-23 |
| 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 |
| 5255 Collins Ave Unit CU10 | condos | 0 | — | 118 | $55,000 | 2026-07-15 |
| 4401 Collins Ave Unit 1015 | condos | 1 | 2 | 1,066 | $1,237,500 | 2026-07-15 |
| 5970 Indian Creek Dr Unit 502 | condos | 3 | 3 | 1,420 | $740,000 | 2026-07-13 |
| 5445 Collins Ave Apt 610 | condos | 0 | 1 | 400 | $215,000 | 2026-07-10 |
| 3801 Collins Ave Unit 1105 | condos | 3 | 3 | 1,525 | $2,200,000 | 2026-07-10 |
| 5838 Collins Ave Apt 2H | condos | 1 | 2 | 815 | $280,000 | 2026-07-10 |
| 5161 Collins Ave Apt 1003 | condos | 2 | 2 | 1,030 | $650,000 | 2026-07-01 |
| 3737 Collins Ave Unit S801 | condos | 3 | 3 | 1,837 | $3,650,000 | 2026-06-30 |
| 5025 Collins Ave Apt 2409 | condos | 3 | 3 | 2,505 | $3,300,000 | 2026-06-30 |
| 6039 Collins Ave Apt 1607 | condos | 2 | 2 | 1,271 | $430,000 | 2026-06-25 |
| 2655 Collins Ave Apt 1907 | condos | 1 | 2 | 1,122 | $467,500 | 2026-06-24 |
| 4747 Collins Ave Apt 510 | condos | 2 | 2 | 1,134 | $825,000 | 2026-06-18 |
| 255 W 24th St Apt 233 | condos | 0 | 1 | 290 | $180,000 | 2026-06-18 |
| 5600 Collins Ave Apt 5C | condos | 2 | 2 | 1,190 | $400,000 | 2026-06-17 |
| 5660 Collins Ave Apt 20B | condos | 2 | 3 | 2,210 | $952,500 | 2026-06-17 |
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 |
|---|---|---|---|---|---|---|
| 2520 Shelter Ave | single_family | 6 | 7 | 5,768 | $19,750,000 | — |
| 528 Lakeview Ct | single_family | 6 | 7 | 5,406 | $14,800,000 | — |
| 4442 Prairie Ave | single_family | 6 | 7 | 5,000 | $11,995,000 | — |
| 6015 N Bay Rd | single_family | 6 | 8 | 4,590 | $9,700,000 | — |
| 3310 Garden Ave | single_family | 6 | 7 | 5,168 | $6,300,000 | — |
| 2887 Pine Tree Dr | single_family | 6 | 7 | 5,181 | $6,799,000 | — |
| 2499 N Meridian Ave | single_family | 6 | 7 | 5,151 | $12,450,000 | — |
| 5005 Lakeview Dr | single_family | 6 | 5 | 5,775 | $28,800,000 | — |
10-year hold projection
IRR-16.1%
Equity multiple-1.82x
Total return (10yr)-$1,381,352
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,472,000 | -$89,058 | -$239,336 | $1,899,183 | $572,817 |
| 2 | $2,546,160 | -$91,081 | -$241,414 | $1,876,936 | $669,224 |
| 3 | $2,622,545 | -$93,148 | -$243,537 | $1,853,162 | $769,383 |
| 4 | $2,701,221 | -$95,260 | -$245,708 | $1,827,755 | $873,466 |
| 5 | $2,782,258 | -$97,419 | -$247,926 | $1,800,603 | $981,654 |
| 6 | $2,865,726 | -$99,625 | -$250,193 | $1,771,587 | $1,094,138 |
| 7 | $2,951,697 | -$101,879 | -$252,510 | $1,740,578 | $1,211,119 |
| 8 | $3,040,248 | -$104,183 | -$254,878 | $1,707,440 | $1,332,808 |
| 9 | $3,131,456 | -$106,536 | -$257,298 | $1,672,026 | $1,459,429 |
| 10 | $3,225,399 | -$108,941 | -$259,770 | $1,634,181 | $1,591,219 |
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.