5225 Collins Ave Apt 1221
Miami Beach, FL 33140 · condos · For Sale · 243 days on market
Asking price$1,349,000
4 beds 3 baths 1,800 sqft
Listed by Enzo Rosani · Barnes International Realty Llc
Typecondos
Built1962
Price / sqft$749
Est. value (own analysis)$6,455,898
Rent estimate (own analysis)$35,000/mo
HOA$3,145/mo
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⚠ Cap rate of 21.6% is above the 20% sanity ceiling — verify the underlying price, rent, and expense data before trusting this. Cash-on-cash return of 55.5% is above the 50% sanity ceiling for a standard buy-and-hold — verify inputs before trusting this.
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Statusfor_sale
Listed date2026-01-02
Removed date—
MLSMiamiMLS #A11937465
Coordinates25.82986, -80.12102
Address5225 Collins Ave Apt 1221
CityMiami Beach
StateFL
Zip33140
Listing ID6624659181
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 | $1,349,000 |
| Down payment (20.0%) | $269,800 |
| Loan amount | $1,079,200 |
| Closing costs (5.0%) | $67,450 |
| Total cash to close | $337,250 |
| Income | |
| Rent (comp-derived) | $35,000$420,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $32,200$386,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $2,136$25,631 |
| Insurance (placeholder 0.8% of price) | $899$10,792 |
| HOA dues | $3,145$37,740 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,750$21,000 |
| Total operating expenses | $7,930$95,163 |
| 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) | $1,750$21,000 |
| 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 | 4 | 2 | 1,644 | $3,950 | 2026-07-21 | — | |
| condos | 4 | 6 | 5,011 | $150,000 | 2026-03-05 | — | |
| condos | 4 | 5 | 5,517 | $35,000 | 2026-06-30 | — | |
| condos | 4 | 5 | 4,599 | $32,000 | 2026-03-05 | — | |
| condos | 4 | 5 | 5,517 | $35,000 | 2026-08-10 | — | |
| condos | 4 | 5 | 4,257 | $60,000 | 2026-08-31 | — |
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 1501 | condos | 4 | 6 | 3,443 | $13,600,000 | 2026-08-31 |
| 5401 Collins Ave Apt 819 | condos | 4 | 3 | — | $800,000 | 2026-08-14 |
| 2901 Collins Ave Unit 1501 | condos | 4 | 5 | 3,764 | $13,500,000 | 2026-07-27 |
| 1011 W 48th St Unit 8 | condo_townhome_rowhome_coop | 4 | 5 | 5,154 | $8,609,000 | 2026-06-08 |
| 3315 Collins Ave Apt 10A | condos | 4 | 7 | 4,730 | $20,000,000 | 2026-06-04 |
| 3315 Collins Ave Apt 10B | condos | 4 | 5 | 4,165 | $16,000,000 | 2026-05-15 |
| 5959 Collins Ave Apt 705 | condos | 4 | 5 | 3,807 | $4,400,000 | 2026-04-15 |
| 5959 Collins Ave Apt 1404 | condos | 4 | 4 | 3,982 | $5,350,000 | 2025-12-04 |
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 |
|---|---|---|---|---|---|---|
| 2901 Collins Ave Unit 1602 | condos | 4 | 6 | 5,011 | $80,000,000 | — |
| 524 W 47th St | single_family | 4 | 3 | 2,071 | $1,995,000 | — |
| 2532 NW Lake Ave | single_family | 4 | 5 | 3,468 | $9,990,000 | — |
| 4531 Sheridan Ave | single_family | 4 | 2 | 1,855 | $2,095,000 | — |
| 6020 Alton Rd | single_family | 4 | 5 | 3,850 | $4,975,000 | — |
| 5025 Collins-1105 Ave Unit 1103-1104 | condos | 4 | 5 | 5,517 | $5,495,000 | — |
| 3755 Royal Palm Ave | single_family | 4 | 3 | 2,096 | $2,850,000 | — |
| 5842 Alton Rd | single_family | 4 | 4 | 2,858 | $2,350,000 | — |
10-year hold projection
IRR60.4%
Equity multiple9.14x
Total return (10yr)$2,920,594
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,389,470 | $291,237 | $187,014 | $1,067,499 | $321,971 |
| 2 | $1,431,154 | $300,450 | $195,702 | $1,054,995 | $376,159 |
| 3 | $1,474,089 | $309,951 | $204,665 | $1,041,632 | $432,457 |
| 4 | $1,518,311 | $319,750 | $213,912 | $1,027,351 | $490,961 |
| 5 | $1,563,861 | $329,854 | $223,452 | $1,012,089 | $551,771 |
| 6 | $1,610,777 | $340,275 | $233,293 | $995,780 | $614,997 |
| 7 | $1,659,100 | $351,022 | $243,446 | $978,350 | $680,750 |
| 8 | $1,708,873 | $362,104 | $253,919 | $959,724 | $749,149 |
| 9 | $1,760,139 | $373,533 | $264,724 | $939,818 | $820,321 |
| 10 | $1,812,943 | $385,319 | $275,870 | $918,546 | $894,397 |
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.