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Condo · Miami Beach · Miami-Dade County

7135 Collins Ave #435, Miami Beach

Added September 23, 2026. Listed 2 bedrooms, 2 baths, 1,455 sf. Active A12053741. Seller explicitly says ORIGINAL CONDITION and COMPLETE RENOVATION REQUIRED; not rent-ready.

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
$581,000

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

InputValueBasis
Total scheduled rent per monthNot setNeeds 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$1,800Matches planning allowance
Annual owner-paid utilities$600Matches planning allowance
Monthly HOA or condo fees$960Matches source observation
Other annual operating expenses$600Matches 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
1,455 sq ft
Asking / reported sq ft
$399
HOA / month
$960
Historical property tax / year
$2,093
HOA + historical tax / month
$1,134
CALCULATED FROM REPORTED FIGURES

$1,134/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
  • Subject MLS says No Daily Rentals. Same-building #525 says no lease in first year owned; verify whether #435 is subject to same rule. Year 1 uses zero rent conservatively pending renovation and rental clearance; monthly figures assume renovated, rentable condition.
  • Subject publishes $960/month, while same-size #525 reports $1,900 including an assessment installment with seller payoff. The difference is NOT proven to equal #435's assessment. Obtain itemized HOA, assessment balance and estoppel. Renovation budget is excluded from returns.
  • 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

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.
How siEarn separates facts, estimates and unknowns

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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