4015 Indian Creek Dr Apt 106
Miami Beach, FL 33140 · condos · For Sale · 121 days on market
Asking price$229,000
0 beds 1 baths 401 sqft
Listed by Maria Sindia Borras · Related Realty, LLC.
Typecondos
Built1960
Price / sqft$571
Est. value (own analysis)$240,600
Rent estimate (own analysis)$1,800/mo
HOA$215/mo
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Statusfor_sale
Listed date2026-05-04
Removed date—
MLSMiamiMLS #A12012373
Coordinates25.81279, -80.12378
Address4015 Indian Creek Dr Apt 106
CityMiami Beach
StateFL
Zip33140
Listing ID6532948185
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 | $229,000 |
| Down payment (20.0%) | $45,800 |
| Loan amount | $183,200 |
| Closing costs (5.0%) | $11,450 |
| Total cash to close | $57,250 |
| Income | |
| Rent (comp-derived) | $1,800$21,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $1,656$19,872 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $363$4,351 |
| Insurance (placeholder 0.8% of price) | $153$1,832 |
| HOA dues | $215$2,580 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $90$1,080 |
| Total operating expenses | $820$9,843 |
| 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) | $90$1,080 |
| 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 | 315 | $1,450 | 2026-06-09 | — | |
| condos | 0 | 1 | 400 | $2,100 | 2026-08-20 | — | |
| apartment | 0 | 1 | 390 | $1,800 | 2026-05-29 | — | |
| condos | 0 | 1 | 396 | $1,800 | 2026-04-02 | — | |
| condos | 0 | 1 | 400 | $1,800 | 2026-03-28 | — | |
| condos | 0 | 1 | 340 | $1,700 | 2026-08-04 | — | |
| condos | 0 | 1 | 460 | $1,950 | 2026-02-12 | — | |
| condos | 0 | 1 | 465 | $2,200 | 2026-08-18 | — | |
| apartment | 0 | 1 | 310 | $1,800 | 2026-05-19 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 352 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 370 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 400 | $2,200 | 2026-08-03 | — | |
| condos | 0 | 1 | 502 | $2,295 | 2026-05-28 | — | |
| condos | 0 | 1 | 525 | $4,500 | 2026-08-11 | — | |
| apartment | 0 | 1 | 390 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 420 | $3,100 | 2025-01-30 | — | |
| condos | 0 | 1 | 400 | $3,200 | 2025-10-29 | — | |
| apartment | 0 | 1 | 390 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 315 | $1,600 | 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 |
|---|---|---|---|---|---|---|
| 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 |
| 5255 Collins Ave Unit CU10 | condos | 0 | — | 118 | $55,000 | 2026-07-15 |
| 5445 Collins Ave Apt 610 | condos | 0 | 1 | 400 | $215,000 | 2026-07-10 |
| 255 W 24th St Apt 233 | condos | 0 | 1 | 290 | $180,000 | 2026-06-18 |
| 255 W 24th St Apt 306 | condos | 0 | 1 | 300 | $255,000 | 2026-06-12 |
| 4141 Nautilus Dr Apt 7J | condos | 0 | — | 757 | $287,500 | 2026-06-05 |
| 4130 Collins Ave Unit 703 | condos | 0 | 1 | 300 | $260,000 | 2026-05-21 |
| 2899 Collins Ave Apt 810 | condos | 0 | 1 | 566 | $272,500 | 2026-05-19 |
| 4401 Collins Ave Unit 2701 | condos | 0 | 1 | 516 | $936,000 | 2026-05-12 |
| 255 W 24th St Apt 501 | condos | 0 | 1 | 290 | $190,000 | 2026-05-07 |
| 4391 Collins Ave Unit 1914 | condos | 0 | 1 | 538 | $885,000 | 2026-04-30 |
| 2899 Collins Ave Apt 1234 | condos | 0 | 1 | 566 | $245,000 | 2026-04-10 |
| 2421 Lake Pancoast Dr Apt 2C | condos | 0 | 1 | 545 | $305,000 | 2026-04-10 |
| 4401 Collins Ave Unit 2108 | condos | 0 | 1 | 526 | $830,000 | 2026-03-24 |
| 4775 Collins Ave Unit CA-A14 | condos | 0 | 1 | 190 | $281,500 | 2026-03-12 |
| 4201 Indian Creek Dr Apt 8 | condos | 0 | 1 | 400 | $200,000 | 2026-03-12 |
| 2899 Collins Ave Apt 931 | condos | 0 | 1 | 518 | $280,000 | 2026-03-04 |
| 4015 Indian Creek Dr Apt 102 | condos | 0 | 1 | 396 | $180,000 | 2026-02-06 |
| 2899 Collins Ave Apt 1233 | condos | 0 | 1 | 566 | $302,500 | 2026-01-09 |
| 2899 Collins Ave Apt 833 | condos | 0 | 1 | 566 | $306,000 | 2026-01-07 |
| 4391 Collins Ave Unit 1717 | condos | 0 | 1 | 538 | $826,000 | 2025-12-22 |
| 4401 Collins Ave Unit 1408 | condos | 0 | 1 | 526 | $810,000 | 2025-12-18 |
| 2899 Collins Ave Apt 1715 | condos | 0 | 1 | 600 | $360,000 | 2025-12-12 |
| 4391 Collins Ave Unit 719 | condos | 0 | 1 | 824 | $940,500 | 2025-12-11 |
| 2899 Collins Ave Apt 1516 | condos | 0 | 1 | 600 | $322,500 | 2025-12-11 |
| 5445 Collins Ave Apt 1607 | condos | 0 | 1 | 390 | $240,000 | 2025-12-02 |
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 |
|---|---|---|---|---|---|---|
| 4391 Collins Ave Unit 1403 | condos | 0 | 1 | 544 | $1,079,000 | — |
| 5445 Collins Ave Ste CU26 | condos | 0 | — | 260 | $125,000 | — |
| 2899 Collins Ave Unit 6 | condos | 0 | 1 | 112 | $111,000 | — |
| 5445 Collins Ave Apt 729 | condos | 0 | 1 | 400 | $429,000 | — |
| 5055 Collins Ave Unit CAB14 | condos | 0 | — | 152 | $95,000 | — |
| 4391 Collins Ave Unit 803 | condos | 0 | 1 | 544 | $825,000 | — |
| 255 W 24th St Apt 208 | condos | 0 | 1 | 270 | $164,000 | — |
| 2899 Collins Ave Apt 1734 | condos | 0 | 1 | 566 | $294,400 | — |
10-year hold projection
IRR4.4%
Equity multiple1.70x
Total return (10yr)$70,189
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $235,870 | $10,029 | -$5,178 | $181,214 | $54,656 |
| 2 | $242,946 | $10,379 | -$4,855 | $179,091 | $63,855 |
| 3 | $250,234 | $10,741 | -$4,521 | $176,823 | $73,412 |
| 4 | $257,742 | $11,115 | -$4,176 | $174,398 | $83,343 |
| 5 | $265,474 | $11,501 | -$3,818 | $171,808 | $93,666 |
| 6 | $273,438 | $11,901 | -$3,449 | $169,039 | $104,399 |
| 7 | $281,641 | $12,313 | -$3,067 | $166,080 | $115,561 |
| 8 | $290,090 | $12,740 | -$2,671 | $162,919 | $127,172 |
| 9 | $298,793 | $13,181 | -$2,263 | $159,540 | $139,253 |
| 10 | $307,757 | $13,636 | -$1,840 | $155,929 | $151,828 |
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.