6801 Collins Ave Unit 516
Miami Beach, FL 33141 · condos · For Sale · 58 days on market
Asking price$469,000
2 beds 1 baths 772 sqft
Suggested offer$305,395$163,605 above the est. market value of $305,395.
View on Realtor.com →Listed by Irina Polouektova · Beachfront Realty Inc
Typecondos
Built2008
Price / sqft$608
Est. value (own analysis)$305,395
Rent estimate (own analysis)$2,800/mo
HOA$163/mo
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12048528
Coordinates25.85324, -80.11980
Address6801 Collins Ave Unit 516
CityMiami Beach
StateFL
Zip33141
Listing ID6548189893
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $469,000 |
| Down payment (20.0%) | $93,800 |
| Loan amount | $375,200 |
| Closing costs (5.0%) | $23,450 |
| Total cash to close | $117,250 |
| Income | |
| Rent (comp-derived) | $2,800$33,600 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,576$30,912 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $743$8,911 |
| Insurance (placeholder 0.8% of price) | $313$3,752 |
| HOA dues | $163$1,956 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,680 |
| Total operating expenses | $1,358$16,299 |
| 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) | $140$1,680 |
| 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 | 2 | 2 | 1,035 | $6,495 | 2025-12-09 | — | |
| apartment | 2 | 2 | 1,018 | $4,500 | — | — | |
| apartment | 2 | 1 | 750 | $1,900 | 2026-07-21 | — | |
| condos | 2 | 2 | 980 | $1,950 | 2026-05-08 | — | |
| condos | 2 | 2 | 1,020 | $3,100 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,030 | $2,800 | 2026-08-28 | — | |
| condos | 2 | 2 | 1,020 | $3,200 | 2026-06-10 | — | |
| condos | 2 | 2 | 740 | $2,550 | 2026-06-24 | — | |
| apartment | 2 | 1 | 899 | $1,950 | 2026-08-13 | — | |
| apartment | 2 | 1 | 900 | $2,600 | 2026-08-08 | — | |
| apartment | 2 | 1 | 869 | $2,000 | 2026-07-21 | — | |
| apartment | 2 | 2 | 920 | $3,250 | 2026-08-26 | — | |
| condos | 2 | 2 | 995 | $10,000 | 2026-08-28 | — | |
| condos | 2 | 2 | 1,020 | $2,600 | 2026-08-25 | — | |
| condos | 2 | 2 | 1,023 | $2,500 | 2026-07-13 | — | |
| condos | 2 | 3 | 1,018 | $3,700 | 2026-05-07 | — | |
| condos | 2 | 2 | 1,030 | $2,700 | 2026-06-16 | — | |
| condos | 2 | 2 | 1,030 | $3,800 | 2026-08-20 | — | |
| apartment | 2 | 1 | 900 | $2,300 | 2026-08-23 | — | |
| condos | 2 | 2 | 802 | $2,300 | 2025-11-07 | — | |
| apartment | 2 | 2 | 796 | $2,250 | 2026-08-06 | — | |
| apartment | 2 | 1 | 800 | $1,800 | 2026-08-03 | — | |
| condos | 2 | 1 | 577 | $1,975 | 2026-04-15 | — | |
| condos | 2 | 2 | 1,030 | $2,800 | 2026-06-04 | — | |
| condos | 2 | 2 | 1,030 | $2,850 | 2026-07-31 | — | |
| condos | 2 | 1 | 726 | $2,100 | 2026-08-21 | — | |
| condos | 2 | 2 | 1,020 | $2,900 | 2026-07-07 | — | |
| apartment | 2 | 2 | 900 | $2,300 | 2026-03-18 | — | |
| apartment | 2 | 2 | 920 | $3,400 | 2026-08-05 | — | |
| condos | 2 | 2 | 1,030 | $2,500 | 2026-01-16 | — | |
| condos | 2 | 2 | 1,031 | $2,600 | 2026-08-06 | — | |
| condos | 2 | 2 | 1,035 | $6,500 | 2026-08-23 | — | |
| condos | 2 | 1 | 751 | $2,150 | 2026-05-22 | — | |
| condos | 2 | 2 | 1,030 | $2,790 | 2026-06-04 | — | |
| condos | 2 | 2 | 1,030 | $2,700 | 2026-04-16 | — | |
| condos | 2 | 2 | 1,030 | $2,750 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,005 | $3,100 | 2026-08-09 | — | |
| condos | 2 | 2 | 1,030 | $2,800 | 2026-07-30 | — | |
| condos | 2 | 2 | 1,022 | $3,400 | 2026-08-04 | — | |
| condos | 2 | 2 | 910 | $2,500 | 2026-05-29 | — | |
| condos | 2 | 2 | 943 | $5,000 | 2022-07-20 | — | |
| condos | 2 | 2 | 997 | $2,700 | 2026-08-05 | — | |
| apartment | 2 | 2 | 921 | $2,400 | 2025-10-03 | — | |
| condos | 2 | 2 | 748 | $2,400 | 2026-08-16 | — | |
| condos | 2 | 2 | 1,000 | $2,700 | 2026-05-11 | — | |
| apartment | 2 | 2 | 1,003 | $3,500 | 2026-05-31 | — | |
| apartment | 2 | 2 | 1,038 | $2,650 | 2026-03-23 | — | |
| condos | 2 | 2 | 1,030 | $2,900 | 2026-08-12 | — | |
| apartment | 2 | 1 | 950 | $2,450 | 2026-08-13 | — | |
| condos | 2 | 2 | 1,030 | $2,900 | 2026-08-13 | — | |
| condos | 2 | 2 | 952 | $4,800 | 2026-04-11 | — | |
| apartment | 2 | 2 | 1,018 | $3,138 | 2026-08-14 | — | |
| condos | 2 | 2 | 1,000 | $3,000 | 2026-06-06 | — | |
| condos | 2 | 2 | 1,030 | $3,000 | 2026-07-01 | — | |
| apartment | 2 | 1 | 913 | $2,350 | 2026-04-29 | — | |
| condos | 2 | 1 | 1,000 | $2,600 | 2026-06-30 | — | |
| condos | 2 | 2 | 1,000 | $2,850 | 2026-05-04 | — | |
| condos | 2 | 2 | 1,005 | $3,250 | 2026-08-08 | — | |
| condos | 2 | 1 | 580 | $2,345 | 2026-06-23 | — | |
| condos | 2 | 2 | 1,030 | $3,500 | 2026-06-11 | — | |
| apartment | 2 | 1 | 700 | $2,050 | 2026-07-21 | — | |
| condos | 2 | 2 | 798 | $2,500 | 2026-03-27 | — | |
| condos | 2 | 2 | 887 | $6,000 | 2025-12-12 | — | |
| condos | 2 | 2 | 809 | $8,000 | 2026-08-11 | — | |
| apartment | 2 | 2 | 1,030 | $3,200 | 2026-07-10 | — | |
| condos | 2 | 2 | 952 | $5,000 | 2026-06-07 | — | |
| condos | 2 | 2 | 952 | $4,500 | 2026-04-22 | — | |
| condos | 2 | 2 | 698 | $6,500 | 2026-06-19 | — | |
| condos | 2 | 2 | 884 | $10,500 | 2026-07-08 | — | |
| condos | 2 | 2 | 809 | $9,900 | 2025-07-07 | — | |
| condos | 2 | 2 | 887 | $5,920 | 2025-08-27 | — | |
| condos | 2 | 2 | 1,035 | $6,500 | 2026-04-07 | — | |
| condos | 2 | 2 | 942 | $5,950 | 2025-03-06 | — | |
| condos | 2 | 2 | 1,035 | $7,500 | 2026-03-18 | — | |
| apartment | 2 | 1 | 882 | $2,105 | 2026-08-27 | — | |
| condos | 2 | 2 | 1,000 | $2,500 | — | — | |
| condos | 2 | 2 | 1,000 | $4,200 | — | — | |
| condos | 2 | 2 | 1,042 | $2,400 | — | — | |
| apartment | 2 | 1 | 850 | $2,150 | 2026-08-24 | — | |
| apartment | 2 | 2 | 1,032 | $3,074 | — | — | |
| condos | 2 | 2 | 920 | $3,400 | — | — | |
| condos | 2 | 2 | 887 | $5,920 | — | — | |
| apartment | 2 | 2 | 1,018 | $3,100 | — | — | |
| apartment | 2 | 2 | 1,018 | $3,144 | — | — | |
| apartment | 2 | 2 | 839 | $2,600 | — | — | |
| apartment | 2 | 2 | 1,036 | $3,309 | — | — | |
| condos | 2 | 2 | 1,030 | $4,000 | 2026-08-14 | — | |
| condos | 2 | 1 | 740 | $2,300 | 2026-08-31 | — | |
| apartment | 2 | 1 | 577 | $1,550 | 2026-08-31 | — | |
| apartment | 2 | 1 | 809 | $2,750 | 2026-09-01 | — | |
| condos | 2 | 2 | 1,030 | $2,800 | 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 |
|---|---|---|---|---|---|---|
| 7930 East Dr Unit 1806 | condos | 2 | 3 | 1,575 | $1,020,000 | 2026-08-26 |
| 900 Bay Dr Apt 527 | condos | 2 | 2 | 1,540 | $590,000 | 2026-08-18 |
| 6700 Indian Creek Dr Apt 604 | condos | 2 | 2 | 952 | $810,000 | 2026-08-18 |
| 7900 Harbor Island Dr Apt 817 | condos | 2 | 2 | 1,251 | $512,000 | 2026-08-11 |
| 7832 Collins Ave Apt 403 | condos | 2 | 2 | 1,000 | $370,000 | 2026-08-07 |
| 6580 Indian Creek Dr Apt 207 | condos | 2 | 2 | 1,126 | $700,000 | 2026-08-04 |
| 7712 Byron Ave Apt 4 | condos | 2 | 1 | 1,021 | $232,000 | 2026-07-31 |
| 6301 Collins Ave Apt 1402 | condos | 2 | 2 | 1,400 | $1,385,000 | 2026-07-31 |
| 7601 E Treasure Dr Apt 1216 | condos | 2 | 2 | 1,030 | $510,000 | 2026-07-31 |
| 6799 Collins Ave Apt 203 | condos | 2 | 2 | 1,288 | $1,050,000 | 2026-07-31 |
| 6770 Indian Creek Dr Apt 6D | condos | 2 | 2 | 1,326 | $279,000 | 2026-07-28 |
| 1289 Marseille Dr Unit 50 | condos | 2 | 2 | 990 | $200,000 | 2026-07-24 |
| 7901 Hispanola Ave Apt 902 | condos | 2 | 3 | 1,753 | $760,000 | 2026-07-17 |
| 900 Bay Dr Apt 526 | condos | 2 | 2 | 1,540 | $710,000 | 2026-07-15 |
| 7300 Wayne Ave Apt 405 | condos | 2 | 2 | 1,073 | $345,000 | 2026-07-02 |
| 6301 Collins Ave Apt 2008 | condos | 2 | 2 | 1,250 | $820,000 | 2026-07-02 |
| 200 S Shore Dr Apt 12 | condos | 2 | 2 | 1,563 | $355,000 | 2026-07-01 |
| 7800 Collins Ave Apt 101 | condos | 2 | 2 | 950 | $650,000 | 2026-06-25 |
| 6855 Abbott Ave Apt 801 | condos | 2 | 2 | 1,175 | $300,000 | 2026-06-23 |
| 7929 West Dr Apt 702 | condos | 2 | 2 | 1,334 | $540,000 | 2026-06-23 |
| 1881 79th St Cswy Apt 1705 | condos | 2 | 2 | 1,171 | $478,500 | 2026-06-17 |
| 6423 Collins Ave Apt 310 | condos | 2 | 2 | 1,955 | $525,000 | 2026-06-15 |
| 6965 Harding Ave Apt 404 | condos | 2 | 2 | 895 | $352,500 | 2026-06-11 |
| 900 Bay Dr Apt 125 | condos | 2 | 2 | 1,520 | $450,000 | 2026-06-11 |
| 1258 Marseille Dr Apt 4 | condos | 2 | 1 | 899 | $219,000 | 2026-06-09 |
| 8420 Byron Ave Apt 4 | condos | 2 | 2 | 952 | $265,000 | 2026-06-05 |
| 6423 Collins Ave Apt 409 | condos | 2 | 2 | 1,805 | $530,000 | 2026-06-05 |
| 7601 E Treasure Dr Apt 2109 | condos | 2 | 2 | 1,030 | $400,000 | 2026-06-05 |
| 900 Bay Dr Apt 321 | condos | 2 | 2 | 920 | $220,000 | 2026-06-02 |
| 7801 Abbott Ave Apt 508 | condos | 2 | 2 | 1,175 | $370,000 | 2026-05-29 |
| 7601 E Treasure Dr Apt 910 | condos | 2 | 2 | 1,030 | $365,000 | 2026-05-28 |
| 7830 Dickens Ave Apt 202 | condos | 2 | 2 | 1,040 | $295,000 | 2026-05-26 |
| 401 69th St Apt 613 | condos | 2 | 2 | 1,287 | $438,000 | 2026-05-22 |
| 6301 Collins Ave Apt 1007 | condos | 2 | 2 | 1,340 | $900,000 | 2026-05-22 |
| 6365 Collins Ave Apt 1008 | condos | 2 | 2 | 1,322 | $1,300,000 | 2026-05-20 |
| 6801 Collins Ave Unit 1104 | condos | 2 | 2 | 1,103 | $1,075,000 | 2026-05-15 |
| 6880 Abbott Ave Apt 212 | condos | 2 | 2 | 1,067 | $299,000 | 2026-05-13 |
| 7832 Collins Ave Apt 207 | condos | 2 | 2 | 920 | $370,000 | 2026-05-13 |
| 6899 Collins Ave Unit 1801 | condos | 2 | 3 | 1,565 | $2,150,000 | 2026-05-07 |
| 7300 Wayne Ave Apt 211 | condos | 2 | 2 | 1,083 | $260,000 | 2026-05-04 |
| 7330 Ocean Ter Unit LPH-C | condos | 2 | 2 | 1,410 | $1,125,000 | 2026-05-04 |
| 6801 Collins Door 1412 L Ave Unit 1402 | condos | 2 | 2 | 1,330 | $1,149,000 | 2026-05-04 |
| 7441 Wayne Ave Apt 9C | condos | 2 | 2 | 1,181 | $340,000 | 2026-04-30 |
| 7901 Hispanola Ave Apt 2003 | condos | 2 | 2 | 1,458 | $575,000 | 2026-04-28 |
| 8530 Byron Ave Apt 505 | condos | 2 | 2 | 1,318 | $523,000 | 2026-04-27 |
| 7921 Byron Ave Apt 407 | condos | 2 | 2 | 1,102 | $279,000 | 2026-04-22 |
| 6770 Indian Creek Dr Apt 6O | condos | 2 | 2 | 1,326 | $539,000 | 2026-04-15 |
| 6301 Collins Ave Apt 2705 | condos | 2 | 2 | 1,440 | $1,200,000 | 2026-04-15 |
| 6450 Collins Ave Apt 901 | condos | 2 | 2 | 1,262 | $630,000 | 2026-04-10 |
| 6767 Collins Ave Apt 1409 | condos | 2 | 2 | 1,180 | $940,000 | 2026-04-10 |
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 |
|---|---|---|---|---|---|---|
| 6620 Indian Creek Dr Apt 114 | condos | 2 | 2 | 958 | $730,000 | — |
| 1865 79th St Cswy Apt 8K | condos | 2 | 2 | 1,509 | $335,500 | — |
| 7901 Hispanola Ave Apt 1810 | condos | 2 | 2 | — | $700,000 | — |
| 6799 Collins Ave Apt 312 | condos | 2 | 2 | 1,035 | $749,000 | — |
| 7940 West Dr Unit 2104 | condos | 2 | 3 | 2,038 | $4,187,500 | — |
| 6620 Indian Creek Dr Apt 315 | condos | 2 | 2 | 1,135 | $740,000 | — |
| 7800 Collins Ave Apt 203 | condos | 2 | 2 | 930 | $540,000 | — |
| 6620 Indian Creek Dr Apt 607 | condos | 2 | 2 | 1,094 | $650,000 | — |
10-year hold projection
IRR1.0%
Equity multiple1.17x
Total return (10yr)$80,760
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $483,070 | $14,613 | -$16,001 | $371,132 | $111,938 |
| 2 | $497,562 | $15,133 | -$15,523 | $366,785 | $130,778 |
| 3 | $512,489 | $15,670 | -$15,028 | $362,139 | $150,350 |
| 4 | $527,864 | $16,226 | -$14,517 | $357,174 | $170,690 |
| 5 | $543,700 | $16,801 | -$13,987 | $351,868 | $191,832 |
| 6 | $560,011 | $17,395 | -$13,440 | $346,197 | $213,813 |
| 7 | $576,811 | $18,009 | -$12,873 | $340,138 | $236,673 |
| 8 | $594,115 | $18,643 | -$12,287 | $333,662 | $260,453 |
| 9 | $611,939 | $19,300 | -$11,681 | $326,741 | $285,197 |
| 10 | $630,297 | $19,978 | -$11,054 | $319,346 | $310,951 |
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.