FOR_SALEExcellent Deal1 days on market

6899 Collins Ave Unit 1602

6899 Collins Ave Unit 1602, Miami Beach, FL 33141, Miami Beach, FL 33141
$2,775,000

Listing Price

Property image 1
6899 Collins Ave Unit 1602, Miami Beach, FL 33141
Loc: Miami Beach, FL
Days Listed
1
Tax Assessed
$2193k
Type
condo

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

7

Biscayne Elementary School

PK-5
0.6 mi away
5

Nautilus Middle School

6-8
2.9 mi away
5

Miami Beach Senior High School

9-12
3.9 mi away
Haven Underwritten Market·Moderate (1.10 - 1.24x)

Miami, FL Investment Analysis (2026)

Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
7.65%
Total ROI
27.9%
Cash Flow
$3,655/mo
DSCR
1.26
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-22Listed for sale$2,775,000$1,354
2026-05-29Listing removed$2,895,000$1,412
2026-03-12Listed for sale$2,895,000$1,412
2025-07-01Listing removed$2,950,000$1,439
2025-03-30Price change$2,950,000$1,439
2025-02-01Price change$3,075,000$1,500
2025-01-23Listed for sale$3,350,000$1,634
2024-04-29Listing removed$0
2024-01-16Listed for rent$14,225$7
2021-06-01Sold$1,900,000$927
2021-04-17Pending sale$1,900,000$927
2021-04-16Listed for sale$1,900,000$927
2012-06-20Sold$1,540,000$751
2009-11-20Sold$1,195,200$583

Tax History

YearProperty TaxTax Assessment
2025$38,024.31$1,935,848
2024$35,374.62$1,759,862
2023$33,642.53$1,599,875
2022$27,327.76$1,454,432
2021$23,208.52$1,202,010
2020$22,592.67$1,167,000
2019$30,579.28$1,578,000
2018$29,673.03$1,578,000
2017$29,673.03$1,607,569
2016$31,908.53$1,461,427
2015$29,268.18$1,328,570
2014$32,315.45$1,509,739
2013$23,477.16$1,372,490
2012$23,477.2$1,082,248
2011$23,587.1$983,862
2010$19,736.7$894,420
2009$30,665.1$1,490,700
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,050
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $2,775,000Rent Basis: Modeled Estimate ($22,200/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $1,388/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.02%

NOI: $166,978/yr

Cash-on-Cash Yield
-0.9%

On $638,250 invested

DSCR Ratio
0.97x

Negative debt coverage

5-Yr Leveraged ROI
+89.6%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$1,791/mo
Homeowner / Hazard Insurance-$1,388/mo
Vacancy Reserve (5% of rent)-$1,110/mo
Repairs & Maintenance (10% of rent)-$2,220/mo
Property Management (8% of rent)-$1,776/mo
Total Pure Operating Expenses-$8,285/mo
Net Investor Cash Flow
Gross Scheduled Rent+$22,200/mo
Less: Operating Expenses-$8,285/mo
Net Operating Income (NOI)+$13,915/mo
Less: Debt Service (30yr @ 6.75%)-$14,399/mo
Net Cash Flow
$-484/mo
$-5,809/year
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6899 Collins Ave Unit 1602 | Miami Beach, FL | Haven AI Analysis | Haven by ScoutHavens