4391 Collins Ave Unit 1002
Miami Beach, FL 33140 · condos · For Sale · 100 days on market
Asking price$1,013,000
0 beds 1 baths 544 sqft
Suggested offer$326,400$686,600 above the est. market value of $326,400.
View on Realtor.com →Listed by Carlos Pena · Mak Realty Group
Typecondos
Built2008
Price / sqft$1862
Est. value (own analysis)$326,400
Rent estimate (own analysis)$2,348/mo
HOA$954/mo
1 / 10
Show every detail
Statusfor_sale
Listed date2026-05-25
Removed date—
MLSMiamiMLS #A12024911
Coordinates25.81646, -80.12195
Address4391 Collins Ave Unit 1002
CityMiami Beach
StateFL
Zip33140
Listing ID6556425666
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 | $1,013,000 |
| Down payment (20.0%) | $202,600 |
| Loan amount | $810,400 |
| Closing costs (5.0%) | $50,650 |
| Total cash to close | $253,250 |
| Income | |
| Rent (comp-derived) | $2,348$28,170 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,160$25,916 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,604$19,247 |
| Insurance (placeholder 0.8% of price) | $675$8,104 |
| HOA dues | $954$11,448 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $117$1,409 |
| Total operating expenses | $3,351$40,208 |
| 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) | $117$1,409 |
| 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 | 554 | $1,780 | 2026-07-08 | — | |
| 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 | 566 | $1,950 | 2026-07-27 | — | |
| condos | 0 | 1 | 600 | $2,100 | 2026-01-04 | — | |
| condos | 0 | 1 | 460 | $1,950 | 2026-02-12 | — | |
| condos | 0 | 1 | 465 | $2,200 | 2026-08-18 | — | |
| condos | 0 | 1 | 694 | $3,000 | 2026-07-13 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 550 | $5,000 | 2026-08-13 | — | |
| condos | 0 | 1 | 384 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 370 | $1,745 | 2026-07-22 | — | |
| condos | 0 | 1 | 550 | $2,490 | 2026-08-06 | — | |
| condos | 0 | 1 | 400 | $2,200 | 2026-08-03 | — | |
| condos | 0 | 1 | 550 | $2,590 | 2026-07-02 | — | |
| condos | 0 | 1 | 502 | $2,295 | 2026-05-28 | — | |
| condos | 0 | 1 | 600 | $5,000 | 2026-07-02 | — | |
| condos | 0 | 1 | 566 | $2,500 | 2026-08-04 | — | |
| condos | 0 | 1 | 525 | $4,500 | 2026-08-11 | — | |
| condos | 0 | 1 | 600 | $3,000 | 2025-11-25 | — | |
| condos | 0 | 1 | 600 | $2,250 | 2026-06-26 | — | |
| condos | 0 | 1 | 600 | $3,100 | 2026-05-06 | — | |
| 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 | — | |
| condos | 0 | 1 | 550 | $5,500 | 2026-08-13 | — | |
| apartment | 0 | 1 | 390 | $2,500 | 2026-07-06 | — | |
| condos | 0 | 1 | 544 | $11,000 | 2025-08-08 | — | |
| condos | 0 | 1 | 566 | $1,880 | 2026-08-28 | — | |
| condos | 0 | 1 | 600 | $2,400 | 2026-08-28 | — |
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
IRR-10.6%
Equity multiple-0.81x
Total return (10yr)-$325,053
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,043,390 | -$14,291 | -$78,194 | $801,613 | $241,777 |
| 2 | $1,074,692 | -$14,519 | -$78,457 | $792,224 | $282,468 |
| 3 | $1,106,932 | -$14,748 | -$78,722 | $782,189 | $324,744 |
| 4 | $1,140,140 | -$14,980 | -$78,991 | $771,465 | $368,676 |
| 5 | $1,174,345 | -$15,212 | -$79,261 | $760,005 | $414,340 |
| 6 | $1,209,575 | -$15,447 | -$79,535 | $747,757 | $461,818 |
| 7 | $1,245,862 | -$15,683 | -$79,810 | $734,669 | $511,193 |
| 8 | $1,283,238 | -$15,920 | -$80,089 | $720,682 | $562,556 |
| 9 | $1,321,735 | -$16,159 | -$80,369 | $705,734 | $616,001 |
| 10 | $1,361,387 | -$16,399 | -$80,652 | $689,760 | $671,627 |
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.