19201 Collins Ave Unit 242
Sunny Isles Beach, FL 33160 · condos · For Sale · 218 days on market
Asking price$69,000
0 beds 1 baths 360 sqft
Listed by Jonathan Carcasses · Carden Realty & Investment Inc
Typecondos
Built1966
Price / sqft$192
Est. value (own analysis)$137,207
Rent estimate (own analysis)$2,050/mo
HOA$1,273/mo
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Statusfor_sale
Listed date2026-01-27
Removed date—
MLSMiamiMLS #A11953129
Coordinates25.95445, -80.11962
Address19201 Collins Ave Unit 242
CitySunny Isles Beach
StateFL
Zip33160
Listing ID6408627076
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 | $69,000 |
| Down payment (20.0%) | $13,800 |
| Loan amount | $55,200 |
| Closing costs (5.0%) | $3,450 |
| Total cash to close | $17,250 |
| Income | |
| Rent (comp-derived) | $2,050$24,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,886$22,632 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $109$1,311 |
| Insurance (placeholder 0.8% of price) | $46$552 |
| HOA dues | $1,273$15,276 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $103$1,230 |
| Total operating expenses | $1,531$18,369 |
| 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) | $103$1,230 |
| 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 | 0 | 1 | 420 | $1,850 | 2026-05-10 | — | |
| 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 | — | |
| 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
IRR7.2%
Equity multiple2.17x
Total return (10yr)$29,255
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $71,070 | $4,263 | -$1,224 | $54,602 | $16,468 |
| 2 | $73,202 | $4,483 | -$1,035 | $53,962 | $19,240 |
| 3 | $75,398 | $4,711 | -$838 | $53,278 | $22,120 |
| 4 | $77,660 | $4,949 | -$632 | $52,548 | $25,112 |
| 5 | $79,990 | $5,197 | -$418 | $51,767 | $28,223 |
| 6 | $82,390 | $5,454 | -$195 | $50,933 | $31,456 |
| 7 | $84,861 | $5,721 | $38 | $50,042 | $34,820 |
| 8 | $87,407 | $6,000 | $281 | $49,089 | $38,318 |
| 9 | $90,029 | $6,289 | $533 | $48,071 | $41,959 |
| 10 | $92,730 | $6,589 | $796 | $46,983 | $45,747 |
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.