18975 Collins Ave Unit 400
Sunny Isles Beach, FL 33160 · condos · For Sale · 218 days on market
Asking price$5,900,000
4 beds 6 baths 3,014 sqft
Suggested offer$4,250,597$1,649,403 above the est. market value of $4,250,597.
View on Realtor.com →Listed by Daniel Tzinker · The Agency Florida LLC
Typecondos
Built2019
Price / sqft$1958
Est. value (own analysis)$4,250,597
Rent estimate (own analysis)$26,500/mo
HOA$6,350/mo
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Statusfor_sale
Listed date2026-01-28
Removed date—
MLSMiamiMLS #A11953164
Coordinates25.95174, -80.11976
Address18975 Collins Ave Unit 400
CitySunny Isles Beach
StateFL
Zip33160
Listing ID9865971522
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/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 | $5,900,000 |
| Down payment (20.0%) | $1,180,000 |
| Loan amount | $4,720,000 |
| Closing costs (5.0%) | $295,000 |
| Total cash to close | $1,475,000 |
| Income | |
| Rent (comp-derived) | $26,500$318,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $24,380$292,560 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $9,342$112,100 |
| Insurance (placeholder 0.8% of price) | $3,933$47,200 |
| HOA dues | $6,350$76,200 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,325$15,900 |
| Total operating expenses | $20,950$251,400 |
| 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) | $1,325$15,900 |
| 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 | 4 | 6 | 3,252 | $45,000 | 2026-08-27 | — | |
| condos | 4 | 6 | 2,871 | $22,500 | 2026-08-21 | — | |
| condos | 4 | 4 | 2,870 | $12,000 | 2026-07-10 | — | |
| condos | 4 | 5 | 2,914 | $9,100 | 2026-08-12 | — | |
| condos | 4 | 5 | 2,485 | $19,000 | 2026-08-24 | — | |
| condos | 4 | 6 | 3,945 | $16,900 | 2026-07-09 | — | |
| condos | 4 | 6 | 3,171 | $27,100 | 2026-05-11 | — | |
| condos | 4 | 5 | 3,287 | $41,000 | 2026-06-25 | — | |
| condos | 4 | 5 | 2,914 | $12,000 | 2026-08-24 | — | |
| condos | 4 | 5 | 2,394 | $15,000 | 2026-08-24 | — | |
| condos | 4 | 6 | 3,204 | $34,000 | 2026-04-20 | — | |
| condos | 4 | 5 | 3,945 | $17,900 | 2026-05-19 | — | |
| condos | 4 | 6 | 3,500 | $29,500 | 2026-04-27 | — | |
| condos | 4 | 6 | 2,682 | $30,000 | 2026-05-24 | — | |
| condos | 4 | 5 | 3,171 | $28,500 | 2026-08-25 | — | |
| condos | 4 | 5 | 2,980 | $36,500 | 2026-08-11 | — | |
| condos | 4 | 5 | 2,394 | $18,500 | 2025-11-28 | — | |
| condos | 4 | 5 | 4,046 | $11,995 | 2026-04-09 | — | |
| condos | 4 | 6 | 3,625 | $38,500 | 2026-09-02 | — | |
| condos | 4 | 5 | 2,987 | $45,000 | 2026-08-01 | — | |
| condos | 4 | 6 | 3,613 | $22,000 | 2026-05-08 | — | |
| condos | 4 | 5 | 3,073 | $11,500 | 2026-08-21 | — | |
| condos | 4 | 6 | 3,252 | $39,000 | 2026-08-07 | — | |
| condos | 4 | 5 | 3,750 | $26,000 | 2026-07-28 | — | |
| condos | 4 | 5 | 3,555 | $29,000 | 2026-06-01 | — | |
| condos | 4 | 4 | 2,736 | $27,000 | 2026-08-12 | — | |
| condos | 4 | 6 | 3,625 | $39,000 | 2026-05-22 | — | |
| apartment | 4 | 3 | 2,991 | $26,000 | 2025-03-07 | — | |
| condos | 4 | 5 | 2,394 | $23,500 | 2025-01-13 | — | |
| condos | 4 | 6 | 4,050 | $39,500 | 2025-08-27 | — | |
| condos | 4 | 5 | 3,555 | $28,500 | 2026-06-12 | — | |
| condos | 4 | 4 | 2,390 | $10,000 | 2026-01-23 | — | |
| condos | 4 | 6 | 3,854 | $50,000 | 2025-11-13 | — | |
| condos | 4 | 5 | 3,084 | $20,000 | 2026-01-24 | — | |
| condos | 4 | 6 | 2,682 | $28,000 | 2026-02-19 | — | |
| condos | 4 | 7 | 3,735 | $24,000 | 2026-05-01 | — | |
| condos | 4 | 5 | 2,682 | $33,000 | 2024-05-08 | — | |
| condos | 4 | 5 | 2,394 | $16,500 | 2026-01-23 | — | |
| apartment | 4 | 5 | 3,150 | $26,000 | — | — | |
| condos | 4 | 6 | 2,682 | $30,000 | 2026-09-01 | — | |
| condos | 4 | 6 | 2,871 | $22,500 | — | — | |
| condos | 4 | 5 | 2,987 | $42,000 | 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 |
|---|---|---|---|---|---|---|
| 17749 Collins Ave Apt 3501 | condos | 4 | 7 | 4,609 | $6,500,000 | 2026-08-31 |
| 17901 Collins Ave Unit 3003 | condos | 4 | 5 | 2,987 | $6,700,000 | 2026-08-25 |
| 400 Sunny Isles Blvd Apt 2019 | condos | 4 | 5 | 3,088 | $1,865,000 | 2026-07-21 |
| 18555 Collins Ave Apt 3005 | condos | 4 | 5 | 3,415 | $3,797,359 | 2026-06-26 |
| 17975 Collins Ave Unit N2401 | condos | 4 | 6 | 4,780 | $10,250,000 | 2026-06-25 |
| 17875 Collins Ave Unit 1201 | condos | 4 | 4 | 2,736 | $3,900,000 | 2026-06-17 |
| 16047 Collins Ave Apt 404 | condos | 4 | 7 | 3,735 | $3,940,000 | 2026-06-03 |
| 17001 Collins Ave Apt 4608 | condos | 4 | 6 | 2,871 | $3,965,000 | 2026-06-01 |
| 18501 Collins Ave Apt 1001 | condos | 4 | 6 | 3,625 | $6,535,000 | 2026-05-29 |
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 |
|---|---|---|---|---|---|---|
| 333 Atlantic Ave | single_family | 4 | 4 | 2,426 | $11,999,000 | — |
| 3949 194th Ln | single_family | 4 | 4 | 2,353 | $2,259,000 | — |
| 3341 NE 170th St | single_family | 4 | 3 | 3,556 | $3,500,000 | — |
| 18555 Collins Ave Apt 3301 | condos | 4 | 5 | 4,154 | $6,500,000 | — |
| 329 Poinciana Dr Unit 909 | condos | 4 | 3 | 2,425 | $1,190,000 | — |
| 17475 Collins Ave Ph 3201 | condos | 4 | 8 | 9,051 | $23,990,000 | — |
| 17875 Collins Ave Ph 4506 | condos | 4 | 7 | 6,419 | $13,495,000 | — |
| 2349 NE 173rd St | single_family | 4 | 3 | 1,432 | $839,000 | — |
10-year hold projection
IRR-5.3%
Equity multiple0.11x
Total return (10yr)-$548,886
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,077,000 | $41,160 | -$338,724 | $4,668,825 | $1,408,175 |
| 2 | $6,259,310 | $43,652 | -$336,630 | $4,614,135 | $1,645,175 |
| 3 | $6,447,089 | $46,250 | -$334,439 | $4,555,690 | $1,891,399 |
| 4 | $6,640,502 | $48,958 | -$332,149 | $4,493,231 | $2,147,271 |
| 5 | $6,839,717 | $51,780 | -$329,754 | $4,426,484 | $2,413,233 |
| 6 | $7,044,909 | $54,721 | -$327,252 | $4,355,152 | $2,689,756 |
| 7 | $7,256,256 | $57,785 | -$324,638 | $4,278,923 | $2,977,333 |
| 8 | $7,473,943 | $60,976 | -$321,908 | $4,197,458 | $3,276,485 |
| 9 | $7,698,162 | $64,300 | -$319,057 | $4,110,399 | $3,587,762 |
| 10 | $7,929,107 | $67,760 | -$316,081 | $4,017,362 | $3,911,744 |
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.