FOR_SALERisky Deal4 days on market

5601 Collins Ave APT 1009

5601 Collins Ave APT 1009, Miami Beach, FL 33140, Miami Beach, FL 33140
$795,000
Zestimate®:$740,300

Listing Price

Property image 1
5601 Collins Ave APT 1009, Miami Beach, FL 33140
Loc: Miami Beach, FL
Days Listed
4
Tax Assessed
$524k
Zestimate®
$740k
Market Rate
Rent Estimate
$2,978/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
1.7 mi away
5

Nautilus Middle School

6-8
1.7 mi away
5

Miami Beach Senior High School

9-12
2.7 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
3.10%
Total ROI
5.2%
Cash Flow
$-1,963/mo
DSCR
0.51
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-19Listed for sale$795,000$855
1994-06-24Sold$111,900$120

Tax History

YearProperty TaxTax Assessment
2025$8,817.12$440,634
2024$8,340.03$400,577
2023$7,949.99$364,161
2022$6,339.29$331,056
2021$5,810.97$300,960
2020$6,473.84$334,400
2019$6,104.24$315,000
2018$6,156.26$314,774
2017$6,156.26$286,159
2016$5,708.12$260,145
2015$5,345.2$236,496
2014$4,748.79$214,997
2013$4,279.07$229,944
2012$4,279.07$209,040
2011$4,326.97$200,678
2010$5,125.37$232,270
2009$4,977.14$241,950
2007$8,135.4$403,250
2006$5,405.98$0
2005$5,405.98$0
2004$5,509.38$0
2003$3,883.53$0
2002$3,377.13$0
2001$3,377.13$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
930
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: $795,000Rent Basis: Observed Comp Model ($2,978/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $398/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.21%

NOI: $17,609/yr

Cash-on-Cash Yield
-17.4%

On $182,850 invested

DSCR Ratio
0.36x

Negative debt coverage

5-Yr Leveraged ROI
+7.0%

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)-$428/mo
Homeowner / Hazard Insurance-$398/mo
Vacancy Reserve (5% of rent)-$149/mo
Repairs & Maintenance (10% of rent)-$298/mo
Property Management (8% of rent)-$238/mo
Total Pure Operating Expenses-$1,511/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,978/mo
Less: Operating Expenses-$1,511/mo
Net Operating Income (NOI)+$1,467/mo
Less: Debt Service (30yr @ 6.75%)-$4,125/mo
Net Cash Flow
$-2,658/mo
$-31,892/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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