FOR_SALEGood Deal12 days on market

1255 Collins Ave APT 705

1255 Collins Ave APT 705, Miami Beach, FL 33139, Miami Beach, FL 33139
$299,999

Listing Price

Property image 1
1255 Collins Ave APT 705, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
12
Tax Assessed
$269k
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.

5

Fienberg/Fisher K-8 Center

PK-8
0.2 mi away
5

Miami Beach Senior High School

9-12
1.1 mi away
5

Nautilus Middle School

6-8
2.2 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
7.16%
Total ROI
25.5%
Cash Flow
$274/mo
DSCR
1.18
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-11Listed for sale$299,999$485
2019-09-30Sold$235,000$380
2019-08-20Pending sale$269,900$436
2019-06-18Price change$269,900$436
2019-01-17Price change$279,000$451
2018-11-30Price change$285,000$460
2018-06-25Listed for sale$299,000$483
2006-10-17Sold$255,500$413
2005-09-14Sold$204,600$331

Tax History

YearProperty TaxTax Assessment
2025$4,851.36$252,890
2024$4,578.52$229,900
2023$4,051.23$209,000
2022$3,569.97$190,000
2021$3,957.36$201,630
2020$3,548.64$183,300
2019$3,790.22$172,554
2018$3,429.47$156,868
2017$3,168.65$142,608
2016$2,912.71$129,644
2015$2,177.62$117,859
2014$2,177.62$107,145
2013$2,177.62$97,405
2012$2,177.62$106,380
2011$2,038.87$98,500
2010$3,104.96$140,710
2009$3,618.23$175,890
2007$4,301.22$213,200
2006$1,546.45$0
2005$1,546.45$0
2004$1,512.11$0
2003$1,491.95$0
2002$1,885.78$0
2001$1,885.78$0
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
1
Baths
1
Sq Ft
619
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: $299,999Rent Basis: Modeled Estimate ($2,400/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.91%

NOI: $17,739/yr

Cash-on-Cash Yield
-1.4%

On $69,000 invested

DSCR Ratio
0.95x

Negative debt coverage

5-Yr Leveraged ROI
+87.4%

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)-$220/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$120/mo
Repairs & Maintenance (10% of rent)-$240/mo
Property Management (8% of rent)-$192/mo
Total Pure Operating Expenses-$922/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,400/mo
Less: Operating Expenses-$922/mo
Net Operating Income (NOI)+$1,478/mo
Less: Debt Service (30yr @ 6.75%)-$1,557/mo
Net Cash Flow
$-78/mo
$-940/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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