WorkspaceDiscoverCondo · Miami Beach · Miami-Dade County
5825 Collins Ave #2E, Miami Beach
Added September 23, 2026. Listed 2 bedrooms, 2 baths, 1,323 sf; furnished. Active A12008798. Second-bedroom layout/approval should be checked.
Recorded status: Workbook research; availability not rechecked. Checked: .
Workbook research; the listing has not been rechecked. Dated listing record · recheck availability and legal unit count.
- Asking price
- $461,000
Monthly rent · Scenario: Not reported
Assumptions behind these estimates
Starting values for this brief. Change any of them in the interactive brief; your changes stay in your browser. Default values
| Input | Value | Basis |
|---|---|---|
| Total scheduled rent per month | Not set | Needs your estimate |
| Vacancy (%) | 5% | Matches planning allowance |
| Management (% of collected rent) | 8% | Matches planning allowance |
| Maintenance (% of total rent) | 5% | Matches planning allowance |
| Buyer annual tax assumption (% of price) | 1.88% | Matches planning allowance |
| Annual insurance | $1,800 | Matches planning allowance |
| Annual owner-paid utilities | $600 | Matches planning allowance |
| Monthly HOA or condo fees | $1,281 | Matches source observation |
| Other annual operating expenses | $600 | Matches planning allowance |
| Capital reserves (% of total rent) | 3% | Matches planning allowance |
| Down payment (%) | 100% | Matches planning allowance |
| Mortgage rate (%) | 7% | Matches planning allowance |
Unit mix & possession
2 bedrooms advertised; one condo unit
- Reported units
- 1
- Reported listing area
- 1,323 sq ft
- Asking / reported sq ft
- $348
- HOA / month
- $1,281
- Historical property tax / year
- $6,948
- HOA + historical tax / month
- $1,860
$1,860/month goes to reported HOA and historical tax alone. Rental income would have to cover this plus the remaining ownership costs.
HOA + historical tax only. Excludes insurance, assessments, upkeep and financing; buyer taxes can change.
Broker info & key considerations To confirm
- Seller explicitly states rentals permitted only after two years of ownership. Year 1 model uses ZERO rent; the same restriction applies in year 2. Stabilized monthly rent and cash flow apply only after the wait. No pets per listing.
- HOA $1,281/month. Listing describes pool, deck and pergola upgrades expected in 2026. No unit-specific current assessment balance, installment or payoff established. Completion targets do not establish funding adequacy.
- Workbook rent estimates are analyst assumptions and are not imported as collected rent.
Source evidence and diligence
Financial figures observed Sep 23, 2026. Reported income is not audited collections. Editable estimates, financing and saved assumptions are separate from these source facts.
Gross rental yield basis
Needs supported whole-property rent or your rent assumption and a positive asking price. Unknown rent is not zero.
Sources
- Listing page on zillow.comWorkbook observation · Sep 23, 2026
Questions to resolve
- Obtain current estoppel, budget, reserves, insurance and assessment balances.
- Confirm new-owner rental eligibility and lease limits in writing.
- Inspect the unit and building reports; price immediate work and HO-6 insurance.
Similar properties
- 50 Biscayne Blvd #2507, Miami: condo, asking $435,000
- 6039 Collins Ave #534, Miami Beach: condo, asking $430,000
- 5005 Collins Ave #424, Miami Beach: condo, asking $399,000
Florida property research
Research scope includes Miami-Dade, Broward, the Florida Keys and Flagler County. Published observations vary by market.
[1] Gross yield excludes costs and financing. Source figures are unverified; estimates use editable assumptions. Check current listing availability. County records are separate from listings. Saves stay in this browser; export a backup before clearing site data. Sources & methods