4391 Collins Ave Unit 1619
Miami Beach, FL 33140 · condos · For Sale · 320 days on market
Asking price$1,183,000
0 beds 1 baths 802 sqft
Suggested offer$481,200$701,800 above the est. market value of $481,200.
View on Realtor.com →Listed by Amelia Todd · Mak Realty Group
Typecondos
Built2008
Price / sqft$1475
Est. value (own analysis)$481,200
Rent estimate (own analysis)$2,795/mo
HOA$1,319/mo
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Statusfor_sale
Listed date2025-10-18
Removed date—
MLSMiamiMLS #A11897892
Coordinates25.81646, -80.12195
Address4391 Collins Ave Unit 1619
CityMiami Beach
StateFL
Zip33140
Listing ID6565555822
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 | $1,183,000 |
| Down payment (20.0%) | $236,600 |
| Loan amount | $946,400 |
| Closing costs (5.0%) | $59,150 |
| Total cash to close | $295,750 |
| Income | |
| Rent (comp-derived) | $2,795$33,540 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,571$30,857 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,873$22,477 |
| Insurance (placeholder 0.8% of price) | $789$9,464 |
| HOA dues | $1,319$15,828 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $140$1,677 |
| Total operating expenses | $4,121$49,446 |
| 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$1,677 |
| 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 | 566 | $1,950 | 2026-07-27 | — | |
| condos | 0 | 1 | 600 | $2,100 | 2026-01-04 | — | |
| condos | 0 | 1 | 694 | $3,000 | 2026-07-13 | — | |
| condos | 0 | 1 | 550 | $5,000 | 2026-08-13 | — | |
| condos | 0 | 1 | 550 | $2,490 | 2026-08-06 | — | |
| condos | 0 | 1 | 550 | $2,590 | 2026-07-02 | — | |
| 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 | — | |
| condos | 0 | 1 | 550 | $5,500 | 2026-08-13 | — | |
| condos | 0 | 1 | 770 | $3,150 | 2026-03-19 | — | |
| 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-11.0%
Equity multiple-0.88x
Total return (10yr)-$401,093
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,218,490 | -$18,589 | -$93,248 | $936,139 | $282,351 |
| 2 | $1,255,045 | -$18,900 | -$93,600 | $925,173 | $329,871 |
| 3 | $1,292,696 | -$19,213 | -$93,957 | $913,455 | $379,242 |
| 4 | $1,331,477 | -$19,530 | -$94,318 | $900,931 | $430,546 |
| 5 | $1,371,421 | -$19,850 | -$94,682 | $887,548 | $483,874 |
| 6 | $1,412,564 | -$20,172 | -$95,051 | $873,245 | $539,319 |
| 7 | $1,454,941 | -$20,498 | -$95,424 | $857,960 | $596,980 |
| 8 | $1,498,589 | -$20,826 | -$95,801 | $841,626 | $656,963 |
| 9 | $1,543,547 | -$21,157 | -$96,182 | $824,170 | $719,377 |
| 10 | $1,589,853 | -$21,490 | -$96,566 | $805,515 | $784,338 |
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.