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19390 Collins Ave Unit 302A
D Composite 44.93
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +9.3/15.0
  • Cash flow +7.2/30.0
  • 1% rule +5.8/10.0
  • Appreciation +5.3/10.0
  • Schools +5.1/10.0
  • Livability +4.3/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.7/5.0
  • DSCR +1.3/10.0

$399,000

19390 Collins Ave Unit 302A · Sunny Isles Beach, FL 33160
2 bd · 2.0 ba · 1,537 sqft · Condo · 230 Days on market
Built 1971 Good condition Garage $260/sqft · at area comps Est $416k · at est. $1195/mo HOA · 28% of rent ↓ 11% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

* * * GREAT OPPORTUNITY * * * 2-bedroom, 2-bath unfurnished residence in Ocean View Building A, a waterfront community ideally located in the heart of Sunny Isles, just one block from the beach. This well-designed unit offers generously sized bedrooms, two tastefully updated bathrooms, expansive closet space, and a modernized kitchen featuring solid wood countertops. Tile flooring runs throughout, and a large private balcony provides an excellent space to relax and enjoy the surroundings. Smart home upgrades include a smart entry door lock. One assigned garage parking space is included. HOA covers water, WiFi, TV, and 70% of the electricity used for A/C, delivering outstanding value.

Key facts

  • Modernized kitchen
  • Smart home upgrades
  • $1,195 HOA

Tags

MODERNIZED KITCHENLARGE PRIVATE BALCONYSMART HOME UPGRADESHEATED WATERFRONT POOLFULLY EQUIPPED FITNESS CENTERWALKING DISTANCE TO PUBLIX

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $399k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-984 ($-12k/yr) — negative.
  • To cash-flow at today's rent, offer at most $257k (35.7% below list).
  • Meets the 1% rule at list price ($4k rent vs $399k).
  • Recommended offer: $257k (35.7% below list) — sets the bar for cash-flow.
  • Cap rate 4.6% vs local median 0.2% in Sunny Isles Beach — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 86/100 on livability (#20 in FL, #434 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, crime A; Watch: housing C-, cost of living F.
  • Miami-Dade (suburban): math 45% / reading 54% proficiency, ranked #40 of 73 in FL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Norman S. Edelcup/Sunny Isles Beach K-8 (math 68% / reading 69%, grade B+, #409 of 2,144 statewide, top 20%, 2,231 students, 30% FRL); Highland Oaks Middle School (math 28% / reading 51%, grade F, #373 of 571 statewide, top 66%, 774 students, 50% FRL); Alonzo & Tracy Mourning Senior High School (math 38% / reading 50%, grade F, #244 of 667 statewide, top 37%, 1,597 students, 48% FRL) — zoned schools average 43% FRL vs 64% district-wide (21 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents flat; 2335 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
  • At $4,298/mo this rent would consume 77% of the median local household income ($67k/yr) (locally 17% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $5k of equity ($3k loan paydown + $2k appreciation (0.5% local appreciation)).
  • Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • By year 7, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 230 days — a 12% lower offer ($351k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo; HOA is 28% of rent.
  • Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $256,651 (35.7% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 230 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
  3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  9. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  11. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  12. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.08%
Cap rate
4.62%
Cash-on-cash
-5.98%
DSCR
0.73
GRM
7.7

CMA / ARV

ARV (median comp)
$415,566
List price
$399,000
Delta
-3.99%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
19111 Collins Ave #102 0.30mi 2/2.0 1,800 (+17%) 0mo $1,390,000 $772 61
18201 Collins Ave #3707 0.76mi 2/2.0 1,577 (+3%) 0mo $1,205,000 $764 60
301 174 St #702 1.29mi 2/2.0 1,488 (-3%) 0mo $580,000 $390 60
17475 Collins Ave #703 1.21mi 2/2.0 1,599 (+4%) 0mo $1,800,000 $1,126 58
17555 Collins Ave #806 1.12mi 2/2.5 1,590 (+3%) 0mo $1,300 $1 57
3530 Mystic Pointe Dr #2907 0.42mi 2/2.0 1,181 (-23%) 0mo $385,000 $326 55
2960 NE 207th St #10 1.35mi 2/2.5 1,368 (-11%) 0mo $975,000 $713 44
18181 NE 31st Ct Ph 10 1.18mi 2/2.0 1,339 (-13%) 0mo $315,000 $235 43
17801 N Bay Rd #210 0.92mi 2/2.0 1,330 (-14%) 0mo $400,000 $301 42
210 174th St #1110 1.26mi 2/2.0 1,840 (+20%) 0mo $420,000 $228 40
18101 Collins Ave #1906 0.82mi 1/1.5 (-1) 1,168 (-24%) 0mo $950,000 $813 33
18101 Collins #4106 0.82mi 3/3.5 (+1) 1,873 (+22%) 0mo $2,162,500 $1,155 29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.53% appreciation · 0.94% rent growth · sell at horizon

5-year hold
IRR
-13.5%
Equity multiple
0.36×
Total profit
$-72,009
Equity at exit
$126,480
10-year hold
IRR
-9.0%
Equity multiple
0.02×
Total profit
$-109,552
Equity at exit
$160,795

Cash invested: $111,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Active competition Active MLS

For sale now
18 active · 26 under contract
Median asking
$655,000 ($438/sqft)
Median days on market
114 d
This list price
6% of active listings are priced below it
ARV vs active asking
-38.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33160

Home prices YoY
0.2%
Rents YoY
0.9%
Active inventory
2335
Price-to-rent
7.7×

Monthly cashflow live

Estimated rent
$4,298 medium interval (Pro) →
Mortgage (P&I)
$2,092
Tax est. 1.5%
$499 /mo · $5,985/yr
Insurance
$166
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$1,195
Vacancy / Maint / Mgmt
$903
Net cashflow
$-984

Break-even live

Break-even rent $5,543
Max offer price $256,651
Occupancy floor

Sensitivity live

Price -10% $-708 -5% $-846 +0% $-984 +5% $-1,122 +10% $-1,259
Rent -10% $-1,323 -5% $-1,154 +0% $-984 +5% $-814 +10% $-644
Rate -1.0pp $-783 -0.5pp $-882 base $-984 +0.5pp $-1,087 +1.0pp $-1,192

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$99,750
Closing costs
$11,970
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
18975 Collins Ave Sunny Isles Beach, FL 3.0–5.0 2.5–5.5 2906 $18,900 $6.50 31d 13 0.34mi
18975 Collins Ave Sunny Isles Beach, FL 2.0–5.0 2.5–5.5 2787 $18,000 $6.46 0d 13 0.34mi
17875 Collins Ave Sunny Isles Beach, FL 3.0–4.0 3.0–4.0 2383 $20,000 $8.39 0d 4 1.00mi
17875 Collins Ave Sunny Isles Beach, FL 3.0 3.0–4.0 2383 $22,500 $9.44 94d 4 1.00mi
17875 Collins Ave Sunny Isles Beach, FL 3.0 3.0 2122 $22,000 $10.37 72d 3 1.00mi
17875 Collins Ave Sunny Isles Beach, FL 3.0–4.0 3.0–4.0 2383 $17,500 $7.34 44d 6 1.00mi
17875 Collins Ave Sunny Isles Beach, FL 3.0–4.0 3.0–4.0 2383 $17,500 $7.34 2d 5 1.00mi
17141 Collins Ave #4602 Sunny Isles Beach, FL 2.0 2.5 2042 $25,000 $12.24 103d 1 1.39mi
17141 Collins Ave Unit CU-4602 Sunny Isles Beach, FL 2.0 2.5 2042 $20,000 $9.79 70d 1 1.39mi
17141 Collins Ave Sunny Isles Beach, FL 3.0 2.5 2042 $19,000 $9.30 120d 1 1.39mi
17141 Collins Ave Sunny Isles Beach, FL 2.0–3.0 2.5–3.5 2618 $20,000 $7.64 71d 2 1.40mi
17141 Collins Ave Sunny Isles Beach, FL 2.0–3.0 2.5–3.5 2618 $19,000 $7.26 71d 3 1.40mi
3180 S Ocean Dr Hallandale Beach, FL 2.0–3.0 2.0 1263 $3,950 $3.13 4d 2 1.46mi
3180 S Ocean Dr Hallandale Beach, FL 2.0–3.0 2.0 1285 $3,650 $2.84 120d 3 1.46mi
3180 S Ocean Dr Hallandale Beach, FL 2.0–3.0 2.0 1263 $3,750 $2.97 116d 2 1.46mi
3180 S Ocean Dr #401 Hallandale Beach, FL 3.0 2.0 1422 $4,200 $2.95 58d 1 1.46mi
3180 S Ocean Dr #1709 Hallandale Beach, FL 2.0 2.0 1105 $4,000 $3.62 103d 1 1.46mi
3161 S Ocean Dr #1210 Hallandale Beach, FL 2.0 2.0 1150 $3,650 $3.17 56d 1 1.48mi

Property features AI

Finance

Financial info
Leases consideredPets allowed with restrictions
HOA & community
Monthly association feeAssociation fee includes cable TV, internet, grounds maintenance, structure maintenance, pool(s), sewer, trash and waterCommunity amenities: business center, clubhouse, elevators, fitness center, laundry

Exterior

Parking
1 covered garage spaceGuest parkingValet
Security
Secured lobby
Home design
Condominium in a 16-story buildingEntry on level 3Property attached
Construction
Block constructionResale property
Exterior features
Balcony (open)Intracoastal access waterfront

Interior

Kitchen
DishwasherElectric rangeMicrowaveRefrigerator
Flooring
Tile
Bathrooms
2 full bathrooms
Heating & cooling
Central air conditioning
Interior features
Living/dining roomUnfurnished
Laundry & utility
Common area laundry

HOA detail $1,195/mo · $14,340/yr condo

Likely covers
waterelectricinternet
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-22
    days on market $399,000 Active 230 DOM
  2. 2026-09-20
    days on market $399,000 Active 228 DOM
  3. 2026-09-18
    days on market $399,000 Active 226 DOM
  4. 2026-09-17
    days on market $399,000 Active 225 DOM
  5. 2026-09-16
    days on market $399,000 Active 224 DOM
  6. 2026-09-15
    days on market $399,000 Active 223 DOM
  7. 2026-09-13
    days on market $399,000 Active 221 DOM
  8. 2026-09-12
    days on market $399,000 Active 220 DOM
  9. 2026-09-11
    days on market $399,000 Active 219 DOM
  10. 2026-09-05
    days on market $399,000 Active 213 DOM
  11. 2026-09-04
    days on market $399,000 Active 212 DOM
  12. 2026-08-31
    days on market $399,000 Active 208 DOM
  13. 2026-08-29
    days on market $399,000 Active 206 DOM
  14. 2026-08-28
    days on market $399,000 Active 205 DOM
  15. 2026-08-27
    days on market $399,000 Active 204 DOM
  16. 2026-08-26
    days on market $399,000 Active 203 DOM
  17. 2026-08-25
    days on market $399,000 Active 202 DOM
  18. 2026-08-23
    days on market $399,000 Active 200 DOM
  19. 2026-08-21
    days on market $399,000 Active 198 DOM
  20. 2026-08-20
    days on market $399,000 Active 197 DOM
  21. 2026-08-19
    days on market $399,000 Active 196 DOM
  22. 2026-08-16
    days on market $399,000 Active 193 DOM
  23. 2026-08-14
    days on market $399,000 Active 191 DOM
  24. 2026-08-13
    days on market $399,000 Active 190 DOM
  25. 2026-08-12
    days on market $399,000 Active 189 DOM
  26. 2026-08-11
    days on market $399,000 Active 188 DOM
  27. 2026-08-10
    days on market $399,000 Active 187 DOM
  28. 2026-08-09
    days on market $399,000 Active 186 DOM
  29. 2026-08-08
    days on market $399,000 Active 185 DOM
  30. 2026-08-06
    days on market $399,000 Active 183 DOM
  31. 2026-08-05
    days on market $399,000 Active 182 DOM
  32. 2026-08-04
    days on market $399,000 Active 181 DOM
  33. 2026-08-03
    days on market $399,000 Active 180 DOM
  34. 2026-07-31
    days on market $399,000 Active 177 DOM
  35. 2026-07-24
    days on market $399,000 Active 170 DOM
  36. 2026-07-23
    days on market $399,000 Active 169 DOM
  37. 2026-07-22
    days on market $399,000 Active 168 DOM
  38. 2026-07-21
    days on market $399,000 Active 167 DOM
  39. 2026-07-20
    days on market $399,000 Active 166 DOM
  40. 2026-07-18
    days on market $399,000 Active 164 DOM
  41. 2026-07-16
    days on market $399,000 Active 162 DOM
  42. 2026-07-15
    days on market $399,000 Active 161 DOM
  43. 2026-07-13
    days on market $399,000 Active 159 DOM
  44. 2026-07-13
    days on market $399,000 Active 158 DOM
  45. 2026-07-11
    days on market $399,000 Active 157 DOM
  46. 2026-07-10
    days on market $399,000 Active 156 DOM
  47. 2026-07-09
    days on market $399,000 Active 155 DOM
  48. 2026-07-07
    days on market $399,000 Active 153 DOM
  49. 2026-07-06
    days on market $399,000 Active 152 DOM
  50. 2026-07-06
    days on market $399,000 Active 151 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 24 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$51,573
− Mortgage interest
−$22,350
− Property taxes
−$5,985
− Insurance
−$7,114
− Repairs & maintenance
−$4,126
− Management
−$4,126
− HOA
−$14,340
− Depreciation
−$11,607
Taxable loss
−$18,075
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$4,338
After-tax cash flow
$-7,467/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $7,685–$23,055 screening

This waterfront condo is in excellent condition with modern updates and a great location. It's move-in ready and offers a high ROI for both resale and rental.

Value-add opportunities

  • Both Smart home upgrades — Enhances convenience and energy efficiency
  • Both Landscaping and curb appeal — Improves aesthetic appeal and property value
  • Both Kitchen and bathroom updates — Modernizes the living space and adds value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 51/100

Zoned Schools

Elementary Norman S. Edelcup/sunny Isles Beach K-8 B+ FL #409/2,144 Nat'l #4,125/41,679 Middle Highland Oaks Middle School F FL #373/571 Nat'l #6,151/14,009 High Alonzo & Tracy Mourning Senior High School F FL #244/667 Nat'l #7,320/17,239

Schools (NCES district)

District
Miami-Dade
NCES district ID
1200390
Math proficiency
45% ▼ -16.00%
Reading proficiency
54% ▼ -5.00%
Median HH income
$43,928
Composite
41.76/100
National rank
#3397
State rank
#40 of 73 in FL
A Composite livability gradescore 86/100

Livability — Sunny Isles Beach

Score
86/100
State rank
#20
US rank
#434

Category grades

Amenities A+ Commute A- Cost of living F Crime A Employment C Housing C- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sunny Isles Beach, FL
County
Miami-Dade County · 3,126,439 people
Metro
Miami-Fort Lauderdale-Pompano Beach, FL
Population (ZIP)
43,718
Household income
$67,040
Rent vs Own
41.0% rent · 59.0% own
Severe rent burden
17% of renters

Population outlook (Miami-Dade County) Hauer SSP2

Today (2025)
3,126,439 people
By 2030
3,325,765 · +6.4%
By 2040
3,697,561 · +18.3%
By 2050
4,012,134 · +28.3%
By 2075
4,605,612 · +47.3%
By 2100
4,866,598 · +55.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.59)
Race & ethnicity
Hispanic / Latino 46% White 44% Two or more races 27% Black 4% Asian 2%
Hispanic origin (detail)
Mexican 1% Puerto Rican 3% Cuban 8% Dominican 1% Salvadoran 4%
Common ancestry
Scotch-Irish 8% Hispanic 3% Subsaharan African 3%
Foreign-born
61% · Canada, Jamaica, Dominican Republic
Languages at home
29% English-only · Spanish 45% Russian/Polish/Slavic 12% Other Indo-European 5%

Political lean MEDSL · Miami-Dade

2024 margin
R (+11.4) · D 43.9% · R 55.4%
2008→2024 swing
-27.6pp toward R · 2008: 16.1pp · 2024: -11.4pp
All cycles
2024: R+11.4 2020: D+7.3 2016: D+29.6 2012: D+23.7 2008: D+16.1

Not yet ingested

Civics

Price history

-11.1% since first listed
2 events — show timeline
  • 2026-02-27 Price Changed $399,000 MARMLS
  • 2026-02-04 Listed $449,000 MARMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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