4730 Pine Tree Dr Apt 17

Miami Beach, FL 33140 · condos · For Sale · 1 days on market
Asking price$165,000
1 beds 1 baths 500 sqft
View on Realtor.com →
Cash only
Listed by Sheri Borchardt · One Sotheby's International Realty
Typecondos
Built1948
Price / sqft$330
Est. value (own analysis)$265,685
Rent estimate (own analysis)$2,500/mo
HOA$550/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-09-01
Removed date
MLSMiamiMLS #A12080684
Coordinates25.82276, -80.12637
Address4730 Pine Tree Dr Apt 17
CityMiami Beach
StateFL
Zip33140
Listing ID6370596340
Sourceus-real-estate-listings, cached 2026-09-02

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)

Purchase price$165,000
Down payment (20.0%)$33,000
Loan amount$132,000
Closing costs (5.0%)$8,250
Total cash to close$41,250
Rent (comp-derived)$2,500$30,000
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$30,000
Vacancy rate (assumption) assumption8.0%

$30,000 × 8.0% = $2,400

Effective gross income$2,300$27,600
Property tax (placeholder 1.9% of price)$261$3,135
Insurance (est. scaled by flood & wind risk)$242$2,904
HOA dues$550$6,600
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$125$1,500
Total operating expenses$1,178$14,139
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$27,600
Total operating expenses derived$14,139

$27,600 − $14,139 = $13,461

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$132,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$132,000 amortized at 6.7% over 30 years = $848/mo

CapEx reserve (5.0% of GSR)$125$1,500
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$13,461
Annual debt service derived$10,179
Annual CapEx reserve assumption$1,500
Annual PMI assumption$0

($13,461 − $10,179 − $1,500 − $0) ÷ 12 = $148

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$13,461
Purchase price data$165,000

$13,461 ÷ $165,000 = 8.2%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived$1,782
Total cash to close derived$41,250

$1,782 ÷ $41,250 = 4.3%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$13,461
Annual debt service derived$10,179

$13,461 ÷ $10,179 = 1.32

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$30,000
Purchase price data$165,000

($30,000 ÷ 12) ÷ $165,000 = 1.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$165,000
Gross scheduled rent (annual) comp$30,000

$165,000 ÷ $30,000 = 5.5

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$14,139
Effective gross income derived$27,600

$14,139 ÷ $27,600 = 51.2%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$14,139
Annual debt service derived$10,179
Annual PMI assumption$0
Gross scheduled rent (annual) comp$30,000

($14,139 + $10,179 + $0) ÷ $30,000 = 81.1%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
apartment11566$3,1022025-07-03
condos11671$1,9452026-07-22
apartment11540$2,0502026-07-17
apartment11450$1,8002026-07-15
apartment11500$2,2002026-08-22
condos11580$2,2502026-08-24
apartment11350$1,8002026-08-14
condos11470$1,6992026-08-20
condos11610$2,5002026-05-19
condos11667$2,8502026-04-21
apartment11670$2,2952026-06-25
condos11470$1,6502026-07-20
condos11603$3,2002026-08-20
condos11570$2,6002025-10-23
condos11603$2,5002026-08-07
condos11600$2,5002026-08-08
condos11550$2,6002026-05-07
condos11645$2,5002026-07-23
condos11610$2,8002022-08-04
apartment11570$3,5002026-02-20
condos11600$2,5002026-05-27
condos11500$2,4002026-06-08
condos11360$4,0002026-03-16
apartment11671$5,0252026-05-15
condos11670$3,0002026-06-17
condos11500$2,400
condos11457$2,1002026-08-30

3900 Alton Rd

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage566
Listed2025-07-03
Days on market

Asking rent: $3,102

View on Zillow →

3025 Indian Creek Dr Apt 204

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage671
Listed2026-07-22
Days on market

Asking rent: $1,945

View on Zillow →

4215 Sheridan Ave Apt 9

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage540
Listed2026-07-17
Days on market

Asking rent: $2,050

View on Zillow →

2700 Collins Ave Apt 202

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage450
Listed2026-07-15
Days on market

Asking rent: $1,800

View on Zillow →

4342 Sheridan Ave Apt 5

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage500
Listed2026-08-22
Days on market

Asking rent: $2,200

View on Zillow →

2463 Pine Tree Dr Apt 3

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage580
Listed2026-08-24
Days on market

Asking rent: $2,250

View on Zillow →

4720 Pine Tree Dr Apt 1

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage350
Listed2026-08-14
Days on market

Asking rent: $1,800

View on Zillow →

215 30th St Apt 2

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage470
Listed2026-08-20
Days on market

Asking rent: $1,699

View on Zillow →

408 W 25th St Apt 8

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage610
Listed2026-05-19
Days on market

Asking rent: $2,500

View on Zillow →

5880 Collins Ave Apt 604

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage667
Listed2026-04-21
Days on market

Asking rent: $2,850

View on Zillow →

3025 Indian Creek Dr Apt 110

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage670
Listed2026-06-25
Days on market

Asking rent: $2,295

View on Zillow →

215 30th St Apt 1

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage470
Listed2026-07-20
Days on market

Asking rent: $1,650

View on Zillow →

4812 Pine Tree Dr Apt 209

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage603
Listed2026-08-20
Days on market

Asking rent: $3,200

View on Zillow →

5401 Collins Ave Apt 729

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage570
Listed2025-10-23
Days on market

Asking rent: $2,600

View on Zillow →

4812 Pine Tree Dr Apt 206

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage603
Listed2026-08-07
Days on market

Asking rent: $2,500

View on Zillow →

3917 N Meridian Ave Apt 102

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage600
Listed2026-08-08
Days on market

Asking rent: $2,500

View on Zillow →

5401 Collins Ave Apt 932

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage550
Listed2026-05-07
Days on market

Asking rent: $2,600

View on Zillow →

3917 N Meridian Ave Apt 101

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage645
Listed2026-07-23
Days on market

Asking rent: $2,500

View on Zillow →

5161 Collins Ave Apt 309

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage610
Listed2022-08-04
Days on market

Asking rent: $2,800

View on Zillow →

3900 Alton Rd Apt 719

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage570
Listed2026-02-20
Days on market

Asking rent: $3,500

View on Zillow →

4201 Indian Creek Dr Apt 6

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage600
Listed2026-05-27
Days on market

Asking rent: $2,500

View on Zillow →

2829 Indian Creek Dr Unit 0

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage500
Listed2026-06-08
Days on market

Asking rent: $2,400

View on Zillow →

237 38th St Apt 4

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage360
Listed2026-03-16
Days on market

Asking rent: $4,000

View on Zillow →

3900 Alton Rd Apt 623

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage671
Listed2026-05-15
Days on market

Asking rent: $5,025

View on Zillow →

4925 Collins Ave Apt 2C

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage670
Listed2026-06-17
Days on market

Asking rent: $3,000

View on Zillow →

2829 Indian Creek Dr

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage500
Listed
Days on market

Asking rent: $2,400

View on Zillow →

3030 Collins Ave Apt 4B

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms1 bd / 1 ba
Square footage457
Listed2026-08-30
Days on market

Asking rent: $2,100

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
5445 Collins Ave Apt BAY14condos11950$520,0002026-09-01
5255 Collins Ave Apt 9Fcondos121,475$845,0002026-08-26
2625 Collins Ave Apt 1601condos121,075$575,0002026-08-20
4775 Collins Ave Apt 2806condos121,100$1,030,0002026-08-14
5601 Collins Ave Apt 511condos12930$550,0002026-08-03
5601 Collins Ave Apt 711condos12930$595,0002026-07-27
5445 Collins Ave Apt L3condos12430$275,0002026-07-24
2457 Collins Ave Apt 1703condos121,389$1,150,0002026-07-21
2899 Collins Ave Apt 736condos11726$306,0002026-07-16
2899 Collins Ave Apt 548condos11726$335,0002026-07-16
4401 Collins Ave Unit 1015condos121,066$1,237,5002026-07-15
5838 Collins Ave Apt 2Hcondos12815$280,0002026-07-10
2655 Collins Ave Apt 1907condos121,122$467,5002026-06-24
6039 Collins Ave Apt 412condos121,063$325,0002026-06-06
4401 Collins Ave Unit 3003condos12980$1,500,0002026-06-05
5005 Collins Ave Apt 523condos11938$289,0002026-06-05
2555 Collins Ave Apt 2104condos12848$520,3752026-05-28
4730 Pine Tree Dr Apt 11condos11500$125,0002026-05-27
5005 Collins Ave Apt 425condos11964$269,0002026-05-26
2899 Collins Ave Apt 1717condos12797$495,0002026-05-20
2615 Collins Ave Apt 21condos11490$310,0002026-05-15
5005 Collins Ave Apt 212condos12988$350,0002026-05-14
2401 Collins Ave Apt 1712condos121,030$570,0002026-05-01
3030 Collins Ave Apt 3Econdos11428$307,0002026-05-01
3030 Collins Ave Apt 4Fcondos11461$282,0002026-04-29
5601 Collins Ave Ph 5condos12930$765,0002026-04-28
2401 Collins Ave Apt 705condos121,121$560,0002026-04-28
2829 Indian Creek Dr Apt 1001condos12850$450,0002026-04-24
5255 Collins Ave Apt 10Acondos121,560$400,0002026-04-15
5700 Collins Ave Apt 12Kcondos12900$480,0002026-04-14
2457 Collins Ave Apt 503condos12907$689,0002026-04-10
4747 Collins Ave Apt 305condos11790$300,0002026-04-09
4401 Collins Ave Unit 3209condos11526$970,0002026-04-01
5838 Collins Ave Apt 6Hcondos12815$270,0002026-03-31
5600 Collins Ave Apt 5Lcondos11930$455,0002026-03-25
5225 Collins Ave Apt 1403condos12790$460,0002026-03-24
5701 Collins Ave Apt 1105condos12824$385,0002026-03-20
2858 Pine Tree Dr Apt 4condos11683$312,0002026-03-09
2401 Collins Ave Apt 507condos121,121$465,0002026-03-06
5875 Collins Ave Apt 1006condos12833$825,0002026-02-19
2555 Collins Ave Apt 607condos12861$670,0002026-02-11
5005 Collins Ave Apt 202condos121,046$240,0002026-02-06
4710 Pine Tree Dr Apt 26condos11750$230,0002026-02-04
5005 Collins Ave Apt 402condos121,046$354,0002026-02-03
4779 Collins Ave Apt 2106condos121,100$1,020,0002026-01-30
5255 Collins Ave Apt 1Acondos121,250$185,0002026-01-28
4101 Pine Tree Dr Apt 709condos12835$400,0002025-12-31
5005 Collins Ave Apt 1105condos12982$365,0002025-12-15
5401 Collins Ave Apt 1220condos121,050$600,0002025-12-12
2829 Indian Creek Dr Apt 605condos11490$245,0002025-12-09

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.

AddressTypeBedsBathsSqftAsking priceDays on market
5005 Collins Ave Apt 518condos11938$335,000
5161 Collins Ave Apt 309condos11610$430,000
5005 Collins Ave Apt 304condos11942$330,000
5601 Collins Ave Unit 412Acondos12910$540,000
4747 Collins Ave Apt 708condos11790$365,000
5005 Collins Ave Apt 222condos111,026$300,000
condos121,560$530,000
4101 Pine Tree Dr Apt 1105condos12835$599,000

10-year hold projection

IRR14.8%
Equity multiple3.28x
Total return (10yr)$115,798
YearProperty valueNOICash flowLoan balanceEquity
1$169,950$13,461$1,782$130,569$39,381
2$175,049$13,936$2,219$129,039$46,009
3$180,300$14,426$2,671$127,405$52,895
4$185,709$14,933$3,139$125,658$60,051
5$191,280$15,457$3,622$123,791$67,489
6$197,019$15,999$4,123$121,796$75,222
7$202,929$16,559$4,640$119,665$83,265
8$209,017$17,138$5,175$117,386$91,631
9$215,288$17,736$5,729$114,951$100,336
10$221,746$18,354$6,302$112,350$109,397
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.