441 Collins /7/10/12a/19 Ave Unit 2/5

Miami Beach, FL 33139 · condos · For Sale · 296 days on market
Asking price$1,794,000
6 beds 6 baths 420 sqft
Suggested offer$244,184$1,549,816 above the est. market value of $244,184.
View on Realtor.com →
Listed by Arthur Porosoff · COMPASS
Typecondos
Built1965
Price / sqft$4271
Est. value (own analysis)$244,184
Rent estimate (Zillow ZIP avg)$2,928/mo
HOA$2,578/mo
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Neighborhood

Show every detail
Statusfor_sale
Listed date2025-11-10
Removed date
MLSMiamiMLS #A11911592
Coordinates25.77421, -80.13277
Address441 Collins /7/10/12a/19 Ave Unit 2/5
CityMiami Beach
StateFL
Zip33139
Listing ID6970785744
Sourceus-real-estate-listings, cached 2026-08-30

ZIP market snapshot (33139)

Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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)

Purchase price$1,794,000
Down payment (20.0%)$358,800
Loan amount$1,435,200
Closing costs (5.0%)$89,700
Total cash to close$448,500
Rent (ZIP avg, ZORI — not bedroom-specific)$2,928$35,142
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$35,142
Vacancy rate (assumption) assumption8.0%

$35,142 × 8.0% = $2,811

Effective gross income$2,694$32,330
Property tax (placeholder 1.9% of price)$2,841$34,086
Insurance (placeholder 0.8% of price)$1,196$14,352
HOA dues$2,578$30,936
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$146$1,757
Total operating expenses$6,761$81,131
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$32,330
Total operating expenses derived$81,131

$32,330 − $81,131 = -$48,801

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,435,200
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,435,200 amortized at 6.7% over 30 years = $9,223/mo

CapEx reserve (5.0% of GSR)$146$1,757
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived-$48,801
Annual debt service derived$110,676
Annual CapEx reserve assumption$1,757
Annual PMI assumption$0

(-$48,801 − $110,676 − $1,757 − $0) ÷ 12 = -$13,436

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived-$48,801
Purchase price data$1,794,000

-$48,801 ÷ $1,794,000 = -2.7%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$161,234
Total cash to close derived$448,500

-$161,234 ÷ $448,500 = -35.9%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived-$48,801
Annual debt service derived$110,676

-$48,801 ÷ $110,676 = -0.44

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$35,142
Purchase price data$1,794,000

($35,142 ÷ 12) ÷ $1,794,000 = 0.2%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$1,794,000
Gross scheduled rent (annual) comp$35,142

$1,794,000 ÷ $35,142 = 51.1

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$81,131
Effective gross income derived$32,330

$81,131 ÷ $32,330 = 250.9%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$81,131
Annual debt service derived$110,676
Annual PMI assumption$0
Gross scheduled rent (annual) comp$35,142

($81,131 + $110,676 + $0) ÷ $35,142 = 545.8%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

No active rental listings cached yet for this bedroom count.

Widened to any bedroom count in ZIP. 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.

AddressTypeBedsBathsLiving sqftSale priceSale date
1045 10th St Apt 204condos12890$350,0002026-09-02
500 Alton Rd Unit 501condos121,075$990,0002026-09-02
500 Alton Rd Unit 1906condos121,010$1,360,0002026-09-01
140 Jefferson Ave Apt 14005condos13960$719,0002026-08-31
1401 Bay Rd Apt 412condos22990$490,0002026-08-31
5 Island Ave Apt 12Ccondos221,305$679,0002026-08-27
101 20th St Unit 3806condos221,316$4,300,0002026-08-27
1309 Euclid Ave Apt 7condos11700$235,0002026-08-26
363 Washington Ave Apt 32condos11590$385,0002026-08-26
501 West Ave Unit 4303condos352,451$8,450,0002026-08-24
1035 West Ave Ph 6condos11576$250,0002026-08-24
1000 West Ave Apt 218condos01543$342,0002026-08-24
11 Island Ave Apt 512condos231,733$1,251,0002026-08-24
100 Jefferson Ave Apt 10004condos12960$500,0002026-08-24
100 S Pointe Dr Unit 1906/07condos544,378$18,367,5002026-08-21
300 S Pointe Dr Apt 1501condos332,340$4,200,0002026-08-21
1334 Euclid Ave Apt 7condos11645$260,0002026-08-21
1340 Lincoln Rd Apt 400condos01440$195,0002026-08-20
1605 Bay Rd Apt 503condos12700$330,0002026-08-20
50 S Pointe Dr Apt 1005condos231,698$3,800,0002026-08-19
10 Venetian Way Apt 904condos221,477$1,700,0002026-08-18
650 West Ave Apt 704condos221,078$650,0002026-08-18
1621 Bay Rd Apt 606condos22870$490,0002026-08-18
1300 Monad Ter Ph Econdos564,306$12,000,0002026-08-17
650 West Ave Apt 2109condos221,078$985,0002026-08-17
1500 Bay Rd Unit 1210Scondos01472$275,0002026-08-17
110 Washington Ave Apt 2309condos12826$600,0002026-08-17
9 Island Ave Apt 705condos221,440$1,575,0002026-08-17
815 Euclid Ave Apt 7condos11566$235,0002026-08-14
300 S Pointe Dr Apt 3402condos231,960$2,325,0002026-08-14
1401 Bay Rd Apt 409condos22990$590,0002026-08-14
760 Jefferson Ave Apt 5condos11407$200,0002026-08-14
1775 Washington Ave Apt 11Ccondos221,010$555,0002026-08-13
2100 Park Ave Apt 108condos12800$460,0002026-08-11
1500 Bay Rd Unit 1464Scondos11731$485,0002026-08-11
1621 Bay Rd Apt 1202condos321,070$575,0002026-08-07
900 Meridian Ave Apt 104condos11535$265,0002026-08-06
90 Alton Rd Apt 2912condos221,130$1,340,0002026-08-05
500 Alton Rd Unit 2904condos231,434$3,000,0002026-08-04
435 21st St Unit 307condos11596$328,0002026-08-04
1050 Pennsylvania Ave Apt 29condos01380$165,0002026-08-03
1621 Bay Rd Ph 1condos22890$725,0002026-08-03
1419 West Ave Unit 106condos11475$182,5002026-08-01
401 Ocean Dr Apt 324condos11655$380,0002026-07-31
1235 Euclid Ave Apt 16condos01430$188,0002026-07-31
1100 West Ave Ph 1601condos11700$370,0002026-07-31
900 Euclid Ave Apt 12condos01387$167,5002026-07-31
1330 Drexel Ave Apt 205condos11720$280,0002026-07-31
1200 West Ave Apt 316condos11837$365,0002026-07-31
1100 West Ave Unit 624condos11694$490,0002026-07-30

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.

AddressTypeBedsBathsSqftAsking priceDays on market
1224 S Venetian Waysingle_family68$45,000,000
1300 S Venetian Waysingle_family674,343$14,750,000
1438 Meridian Avemulti_family664,644$2,400,000
375 N Hibiscus Drsingle_family687,256$42,000,000
912 Euclid Avemulti_family642,558$2,200,000
176 S Hibiscus Drsingle_family676,211$18,499,000
327 E Rivo Alto Drsingle_family675,479$22,500,000
271 N Hibiscus Drsingle_family689,131$24,950,000

10-year hold projection

IRR-13.8%
Equity multiple-1.38x
Total return (10yr)-$834,119
YearProperty valueNOICash flowLoan balanceEquity
1$1,847,820-$48,801-$161,234$1,419,639$428,181
2$1,903,255-$49,859-$162,336$1,403,010$500,245
3$1,960,352-$50,939-$163,461$1,385,239$575,114
4$2,019,163-$52,041-$164,609$1,366,247$652,916
5$2,079,738-$53,165-$165,781$1,345,951$733,786
6$2,142,130-$54,313-$166,976$1,324,262$817,868
7$2,206,394-$55,483-$168,197$1,301,083$905,311
8$2,272,586-$56,677-$169,442$1,276,312$996,273
9$2,340,763-$57,895-$170,712$1,249,840$1,090,923
10$2,410,986-$59,138-$172,008$1,221,551$1,189,435
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.