5875 Collins Ave Apt 401
Miami Beach, FL 33140 · condos · For Sale · 43 days on market
Asking price$4,770,000
2 beds 2 baths 2,168 sqft
Suggested offer$1,199,816$3,570,184 above the est. market value of $1,199,816.
View on Realtor.com →Listed by Romina Grinberg · COMPASS
Typecondos
Built2008
Price / sqft$2200
Est. value (own analysis)$1,199,816
Rent estimate (own analysis)$6,500/mo
HOANone
1 / 61
Show every detail
Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12054982
Coordinates25.84089, -80.12044
Address5875 Collins Ave Apt 401
CityMiami Beach
StateFL
Zip33140
Listing ID6550984839
Sourceus-real-estate-listings, cached 2026-08-28
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 | $4,770,000 |
| Down payment (20.0%) | $954,000 |
| Loan amount | $3,816,000 |
| Closing costs (5.0%) | $238,500 |
| Total cash to close | $1,192,500 |
| Income | |
| Rent (comp-derived) | $6,500$78,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $5,980$71,760 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $7,553$90,630 |
| Insurance (placeholder 0.8% of price) | $3,180$38,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $325$3,900 |
| Total operating expenses | $11,058$132,690 |
| 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) | $325$3,900 |
| 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 | 1,550 | $8,000 | 2026-04-29 | — | |
| condos | 2 | 2 | 1,510 | $5,000 | 2026-08-27 | — | |
| condos | 2 | 3 | 1,617 | $12,000 | 2026-08-26 | — | |
| condos | 2 | 2 | 1,550 | $7,900 | 2026-08-24 | — | |
| condos | 2 | 2 | 1,550 | $6,975 | 2026-08-19 | — | |
| condos | 2 | 2 | 1,415 | $3,800 | 2026-07-27 | — | |
| condos | 2 | 2 | 1,530 | $6,750 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,530 | $8,700 | 2026-07-01 | — | |
| condos | 2 | 3 | 1,757 | $5,500 | 2026-06-03 | — | |
| condos | 2 | 2 | 1,410 | $8,500 | 2026-08-24 | — | |
| condos | 2 | 3 | 1,880 | $3,999 | 2026-07-08 | — | |
| condos | 2 | 2 | 1,700 | $5,490 | 2026-07-10 | — | |
| apartment | 2 | 2 | 1,550 | $5,800 | 2025-12-08 | — | |
| condos | 2 | 2 | 1,550 | $7,700 | 2026-06-22 | — | |
| condos | 2 | 2 | 1,700 | $5,999 | 2026-08-20 | — | |
| condos | 2 | 3 | 1,760 | $6,500 | 2026-05-26 | — | |
| condos | 2 | 3 | 1,980 | $7,500 | 2026-08-12 | — | |
| condos | 2 | 2 | 1,660 | $6,900 | 2026-08-03 | — | |
| condos | 2 | 2 | 1,645 | $6,500 | 2026-05-19 | — | |
| condos | 2 | 2 | 1,490 | $6,000 | 2026-03-16 | — | |
| condos | 2 | 4 | 2,059 | $18,000 | 2026-05-29 | — | |
| condos | 2 | 2 | 1,700 | $5,200 | 2026-06-09 | — | |
| condos | 2 | 2 | 1,490 | $7,500 | 2026-06-02 | — | |
| condos | 2 | 2 | 1,550 | $7,200 | 2026-06-11 | — | |
| apartment | 2 | 2 | 1,700 | $4,798 | 2026-07-03 | — | |
| condos | 2 | 2 | 1,490 | $7,500 | 2026-08-18 | — | |
| condos | 2 | 2 | 1,550 | $6,800 | 2026-06-02 | — | |
| condos | 2 | 3 | 2,425 | $5,000 | 2026-07-23 | — | |
| condos | 2 | 2 | 1,550 | $6,500 | 2026-04-03 | — | |
| condos | 2 | 3 | 1,621 | $11,500 | 2026-03-24 | — | |
| condos | 2 | 3 | 1,430 | $7,976 | 2026-05-20 | — | |
| condos | 2 | 2 | 1,664 | $5,250 | 2026-06-11 | — | |
| condos | 2 | 2 | 1,410 | $5,000 | 2026-06-10 | — | |
| condos | 2 | 3 | 2,240 | $26,500 | 2026-07-08 | — | |
| condos | 2 | 2 | 1,410 | $10,000 | 2026-07-06 | — | |
| condos | 2 | 2 | 1,415 | $3,800 | — | — | |
| condos | 2 | 2 | 1,550 | $5,800 | — | — | |
| condos | 2 | 2 | 1,660 | $4,150 | — | — | |
| condos | 2 | 2 | 1,700 | $6,000 | — | — | |
| condos | 2 | 2 | 1,700 | $5,500 | — | — | |
| condos | 2 | 2 | 1,700 | $5,500 | — | — | |
| apartment | 2 | 2 | 1,700 | $4,798 | 2026-08-13 | — | |
| condos | 2 | 2 | 2,168 | $27,000 | 2026-08-28 | — | |
| apartment | 2 | 2 | 1,700 | $5,490 | 2026-08-30 | — | |
| condos | 2 | 2 | 1,700 | $5,900 | 2026-08-31 | — | |
| condos | 2 | 3 | 1,725 | $24,000 | 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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 5555 Collins Ave Apt 12N | condos | 2 | 2 | 1,301 | $720,000 | 2026-08-12 |
| 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 |
| 2401 Collins Ave Apt 602 | condos | 2 | 2 | 1,266 | $1,080,000 | 2026-07-24 |
| 5161 Collins Ave Apt 1003 | condos | 2 | 2 | 1,030 | $650,000 | 2026-07-01 |
| 6039 Collins Ave Apt 1607 | condos | 2 | 2 | 1,271 | $430,000 | 2026-06-25 |
| 4747 Collins Ave Apt 510 | condos | 2 | 2 | 1,134 | $825,000 | 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 |
| 3200 Collins Ave Unit 11-3 | condos | 2 | 2 | 1,085 | $550,000 | 2026-06-16 |
| 5757 Collins Ave Apt 1902 | condos | 2 | 2 | 1,310 | $530,000 | 2026-06-15 |
| 5825 Collins Ave Apt 10H | condos | 2 | 2 | 1,622 | $710,000 | 2026-06-15 |
| 4301 Collins Ave Apt 803 | condos | 2 | 2 | 874 | $620,000 | 2026-06-12 |
| 6487707331 | condos | 2 | 2 | 1,122 | $630,000 | 2026-06-09 |
| 6039 Collins Ave Apt 1223 | condos | 2 | 2 | 1,206 | $600,000 | 2026-06-05 |
| 3411 Indian Creek Dr Apt 402 | condos | 2 | 2 | 1,020 | $655,000 | 2026-05-29 |
| 3739 Collins Ave Unit N605 | condos | 2 | 3 | 1,589 | $1,776,000 | 2026-05-28 |
| 5001 Collins Ave Apt 5K | condos | 2 | 2 | 1,660 | $1,000,000 | 2026-05-28 |
| 5161 Collins Ave Apt 701 | condos | 2 | 2 | 1,040 | $550,000 | 2026-05-27 |
| 6000 Collins Ave Apt 330 | condos | 2 | 2 | 1,700 | $665,000 | 2026-05-22 |
| 6039 Collins Ave Apt 311 | condos | 2 | 2 | 1,290 | $403,000 | 2026-05-19 |
| 5025 Collins Ave Apt 1908 | condos | 2 | 3 | 1,870 | $1,800,000 | 2026-05-19 |
| 5601 Collins Ave Apt 720 | condos | 2 | 2 | 1,290 | $505,000 | 2026-05-15 |
| 2655 Collins Ave Apt 1911 | condos | 2 | 2 | 1,645 | $1,510,000 | 2026-05-14 |
| 5601 Collins Ave Apt M5 | condos | 2 | 3 | 1,335 | $690,000 | 2026-05-12 |
| 5161 Collins Ave Apt 511 | condos | 2 | 2 | 1,030 | $500,000 | 2026-05-08 |
| 5161 Collins Ave Apt 208 | condos | 2 | 2 | 1,040 | $465,000 | 2026-05-06 |
| 5959 Collins Ave Apt 1001 | condos | 2 | 4 | 2,059 | $2,100,000 | 2026-05-01 |
| 5055 Collins Ave Apt 7N | condos | 2 | 2 | 1,260 | $500,000 | 2026-04-29 |
| 5959 Collins Ave Apt 701 | condos | 2 | 4 | 2,059 | $1,800,000 | 2026-04-29 |
| 5900 Collins Ave Apt 2105 | condos | 2 | 2 | 1,020 | $620,000 | 2026-04-29 |
| 2600 Collins Ave Apt 508 | condos | 2 | 2 | — | $359,000 | 2026-04-24 |
| 5750 Collins Ave Apt 11D | condos | 2 | 2 | 1,442 | $515,000 | 2026-04-23 |
| 2555 Collins Ave Apt 1901 | condos | 2 | 2 | 1,005 | $1,200,000 | 2026-04-21 |
| 2655 Collins Ave Apt 2211 | condos | 2 | 2 | 1,645 | $1,200,000 | 2026-04-20 |
| 5225 Collins Ave Apt 1411 | condos | 2 | 2 | 960 | $622,500 | 2026-04-15 |
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 |
|---|---|---|---|---|---|---|
| 5401 Collins Ave Apt 107 | condos | 2 | 2 | 1,120 | $570,000 | — |
| 5825 Collins Ave Apt 2E | condos | 2 | 2 | 1,323 | $461,000 | — |
| 5555 Collins Ave Apt 7T | condos | 2 | 2 | 1,064 | $380,000 | — |
| 5225 Collins Ave Apt 1214 | condos | 2 | 2 | 960 | $500,000 | — |
| 5225 Collins Ave Apt 510 | condos | 2 | 2 | 960 | $479,000 | — |
| 6061 Collins Ave Apt 5F | condos | 2 | 2 | 1,524 | $1,000,000 | — |
| 2924 Collins Ave Apt 501 | condos | 2 | 2 | 982 | $409,000 | — |
| 6039 Collins Ave Apt 728 | condos | 2 | 2 | 1,280 | $434,000 | — |
10-year hold projection
IRR-10.2%
Equity multiple-0.73x
Total return (10yr)-$1,441,793
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,913,100 | -$60,930 | -$359,102 | $3,774,626 | $1,138,474 |
| 2 | $5,060,493 | -$62,094 | -$360,364 | $3,730,411 | $1,330,082 |
| 3 | $5,212,308 | -$63,277 | -$361,646 | $3,683,160 | $1,529,148 |
| 4 | $5,368,677 | -$64,479 | -$362,950 | $3,632,664 | $1,736,013 |
| 5 | $5,529,737 | -$65,698 | -$364,275 | $3,578,700 | $1,951,038 |
| 6 | $5,695,629 | -$66,937 | -$365,621 | $3,521,030 | $2,174,599 |
| 7 | $5,866,498 | -$68,195 | -$366,989 | $3,459,401 | $2,407,098 |
| 8 | $6,042,493 | -$69,471 | -$368,379 | $3,393,539 | $2,648,955 |
| 9 | $6,223,768 | -$70,766 | -$369,790 | $3,323,154 | $2,900,614 |
| 10 | $6,410,481 | -$72,081 | -$371,223 | $3,247,936 | $3,162,545 |
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.