FOR_SALEExcellent Deal16 days on market

5005 Collins Ave APT 424

5005 Collins Ave APT 424, Miami Beach, FL 33140, Miami Beach, FL 33140
$399,000
Zestimate®:$379,000

Listing Price

Property image 1
5005 Collins Ave APT 424, Miami Beach, FL 33140
Loc: Miami Beach, FL
Days Listed
16
Tax Assessed
$443k
Zestimate®
$379k
Market Rate
Rent Estimate
$4,138/mo
Est. Cash Flow base
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.

10

North Beach Elementary School

PK-5
1 mi away
5

Nautilus Middle School

6-8
1.1 mi away
5

Miami Beach Senior High School

9-12
2 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
9.57%
Total ROI
37.5%
Cash Flow
$1,164/mo
DSCR
1.58
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-07Listed for sale$399,000$296
2026-07-03Listing removed$3,500$3
2026-05-21Price change$3,500$3
2026-05-12Listed for rent$3,950$3
2026-01-01Listing removed$425,000$315
2025-11-03Price change$425,000$315
2025-08-27Price change$525,000$389
2025-06-11Listed for sale$575,000$426
2025-05-28Listing removed$3,600$3
2025-05-12Listed for rent$3,600$3
2025-02-21Price change$635,000$470
2025-02-06Price change$650,000$481
2025-01-09Price change$699,000$518
2024-11-07Listed for sale$799,000$592
2001-02-08Sold$130,000$96

Tax History

YearProperty TaxTax Assessment
2025$8,082.98$424,274
2024$7,625.48$385,704
2023$7,102.72$350,640
2022$6,535.95$318,764
2021$5,891.1$289,786
2020$5,588.9$263,442
2019$5,010.98$239,493
2018$4,649.8$217,721
2017$4,649.8$197,929
2016$4,484.86$179,936
2015$4,281.29$163,579
2014$3,668.14$148,709
2013$2,767.37$135,190
2012$2,767.37$135,190
2011$3,497.97$168,990
2010$4,661.33$211,240
2009$3,957.64$192,390
2007$5,513.52$273,290
2006$4,134.39$0
2005$4,134.39$0
2004$3,663.87$0
2003$3,093.69$0
2002$3,166.43$0
2001$3,166.43$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,350
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: $399,000Rent Basis: Observed Comp Model ($4,138/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $200/mo
Haven ScoreExcellent
8/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
7.89%

NOI: $31,495/yr

Cash-on-Cash Yield
7.2%

On $91,770 invested

DSCR Ratio
1.27x

Prime loan qualification

5-Yr Leveraged ROI
+130.4%

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)-$362/mo
Homeowner / Hazard Insurance-$200/mo
Vacancy Reserve (5% of rent)-$207/mo
Repairs & Maintenance (10% of rent)-$414/mo
Property Management (8% of rent)-$331/mo
Total Pure Operating Expenses-$1,513/mo
Net Investor Cash Flow
Gross Scheduled Rent+$4,138/mo
Less: Operating Expenses-$1,513/mo
Net Operating Income (NOI)+$2,625/mo
Less: Debt Service (30yr @ 6.75%)-$2,070/mo
Net Cash Flow
$554/mo
$6,651/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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