10178 Collins Ave #202 · Bal Harbour, FL 33154

$359,990

1 bd · 1.0 ba · 800 sqft · Condo public records · 184 Days on market

Built 1950 $354/mo HOA · 8% of rent

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Why this score? — see what drove the B- 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).

• Cash flow +23.0/30.0
• Appreciation +8.1/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 1% rule +7.2/10.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0

Listing remarks MLS

AMAZING LOCATION !!!AND GREAT INVESTMENT !! ONE OF THE BEST AREA IN ALL MIAMI , BEAUTIFUL AND COZY BOUTIQUE BUILDING , VERY BRIGHT UNIT AND SPACIOUS , 1 BEDROOM, 1 BATH, CEDAR WALK- IN CLOSET , WOOD FLOOR , COVER PARKING SPACE AND VERY SECURE BUILDING , GREAT FOR INVESTORS , UNIT HAS A CURRENT TENANT , LEASE EXPIRES ON 2022 LOW MAINT. 1 BLOCK FROM BAL HARBOUR SHOPS, SUPERMARKETS, A + SCHOOLS , RESTAURANTS AND CAFES, 5 DIFERENT HOUSES OF WORSHIP . DIRECT ENTRANCE TROUGH OCEANIA TO THE BEACH , BRING YOUR OFFER , CASH DEAL ONLY , BEST INVESTMENT IN THE AREA - CALL LA FOR SHOWING. unit is with tenant , do not disturbed needs 24 hrs. to show .

Key facts

• Covered parking
• Beach access
• Prime location

Tags

• BEACH ACCESS
• COVERED PARKING
• PRIME LOCATION

Property features AI

Finance

• Financial info: Lease considered; Pets allowed with restrictions
• HOA & community: Monthly association fee of $354; HOA includes amenities and hot water

Exterior

• Parking: Assigned covered parking; 1 covered parking space; 1-car garage
• Home design: Attached property; 2 stories; Entry on level 2
• Construction: Block construction; Resale
• Exterior features: Balcony; Open balcony/patio

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Flooring: Hardwood; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central electric air conditioning; Electric heating
• Interior features: Unfurnished; First floor entry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $360k.

Deal economics

• At list price, monthly cash flow is $215 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $360k).
• Recommended offer: $317k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#217 in FL, #3,392 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, employment A; Watch: schools C-, amenities F, 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.
• Market conditions: Rents soft (-1.3%/yr); 522 active listings in the ZIP; solid renter incomes; 10,051 units permitted in Miami-Dade County in 2024 (7,758 in 5+ unit buildings).
• At $4,393/mo this rent would consume 59% of the median local household income ($90k/yr) (locally 774% 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 $25k of equity ($2k loan paydown + $22k appreciation (6.1% local appreciation)).
• Miami-Dade County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (6.1% appreciation + 0.0% rent growth), your $101k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 184 days — a 12% lower offer ($317k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 11y ago; this cycle's ask is 15552% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $220k; list at $360k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $316,791 (12.0% below list)

Questions for the listing agent

1. It's been on market 184 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. 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: 1.22% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.64%
• DSCR: 1.34
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.12% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 2.07×
• Total profit: $107,955
• Equity at exit: $229,133

10-year hold

• IRR: 14.8%
• Equity multiple: 3.82×
• Total profit: $284,104
• Equity at exit: $417,984

Cash invested: $100,797 (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.

Methodology + full state rankings →

ZIP-level market 33154

• Home prices YoY: 1.4%
• Rents YoY: -1.3%
• Active inventory: 522
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $4,393 medium
• Mortgage (P&I): −$1,888
• Tax from tax record: −$437 /mo · $5,242/yr
• Insurance: −$150
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$354
• Vacancy / Maint / Mgmt: −$922
• Net cashflow: $215

Break-even live

Break-even rent $4,120

Max offer price $359,990

Occupancy floor 90%

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: $89,998
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $354 · $4,248/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $359,990 Active 184 DOM
2. 2026-06-17
   days on market $359,990 Active 183 DOM
3. 2026-06-16
   days on market $359,990 Active 182 DOM
4. 2026-06-15
   days on market $359,990 Active 181 DOM
5. 2026-06-13
   days on market $359,990 Active 179 DOM
6. 2026-06-09
   days on market $359,990 Active 175 DOM
7. 2026-06-08
   days on market $359,990 Active 174 DOM
8. 2026-06-07
   days on market $359,990 Active 173 DOM
9. 2026-06-04
   days on market $359,990 Active 170 DOM
10. 2026-06-03
    days on market $359,990 Active 169 DOM
11. 2026-06-02
    days on market $359,990 Active 168 DOM
12. 2026-06-01
    days on market $359,990 Active 167 DOM
13. 2026-05-31
    days on market $359,990 Active 166 DOM
14. 2026-01-28
    price $2,100
15. 2025-12-17
    listed $2,300
16. 2025-12-16
    listed $359,990 Active
17. 2024-12-30
    historical $2,000
18. 2024-11-13
    listed $2,000
19. 2024-11-12
    historical $2,300
20. 2024-08-02
    listed $2,300
21. 2024-08-01
    historical $2,300
22. 2024-03-26
    price $2,300
23. 2024-03-05
    listed $2,500
24. 2024-03-05
    historical $2,500
25. 2023-12-25
    listed $2,800
26. 2021-03-01
    soldstatus $220,000 Closed 650-char remark

    Show marketing remark (650 chars)

    AMAZING LOCATION !!!AND GREAT INVESTMENT !! ONE OF THE BEST AREA IN ALL MIAMI , BEAUTIFUL AND COZY BOUTIQUE BUILDING , VERY BRIGHT UNIT AND SPACIOUS , 1 BEDROOM, 1 BATH, CEDAR WALK- IN CLOSET , WOOD FLOOR , COVER PARKING SPACE AND VERY SECURE BUILDING , GREAT FOR INVESTORS , UNIT HAS A CURRENT TENANT , LEASE EXPIRES ON 2022 LOW MAINT. 1 BLOCK FROM BAL HARBOUR SHOPS, SUPERMARKETS, A + SCHOOLS , RESTAURANTS AND CAFES, 5 DIFERENT HOUSES OF WORSHIP . DIRECT ENTRANCE TROUGH OCEANIA TO THE BEACH , BRING YOUR OFFER , CASH DEAL ONLY , BEST INVESTMENT IN THE AREA - CALL LA FOR SHOWING. unit is with tenant , do not disturbed needs 24 hrs. to show .

27. 2021-01-07
    price $228,000 650-char remark

    Show marketing remark (650 chars)

    AMAZING LOCATION !!!AND GREAT INVESTMENT !! ONE OF THE BEST AREA IN ALL MIAMI , BEAUTIFUL AND COZY BOUTIQUE BUILDING , VERY BRIGHT UNIT AND SPACIOUS , 1 BEDROOM, 1 BATH, CEDAR WALK- IN CLOSET , WOOD FLOOR , COVER PARKING SPACE AND VERY SECURE BUILDING , GREAT FOR INVESTORS , UNIT HAS A CURRENT TENANT , LEASE EXPIRES ON 2022 LOW MAINT. 1 BLOCK FROM BAL HARBOUR SHOPS, SUPERMARKETS, A + SCHOOLS , RESTAURANTS AND CAFES, 5 DIFERENT HOUSES OF WORSHIP . DIRECT ENTRANCE TROUGH OCEANIA TO THE BEACH , BRING YOUR OFFER , CASH DEAL ONLY , BEST INVESTMENT IN THE AREA - CALL LA FOR SHOWING. unit is with tenant , do not disturbed needs 24 hrs. to show .

28. 2020-12-07
    price $225,000 650-char remark

    Show marketing remark (650 chars)

    AMAZING LOCATION !!!AND GREAT INVESTMENT !! ONE OF THE BEST AREA IN ALL MIAMI , BEAUTIFUL AND COZY BOUTIQUE BUILDING , VERY BRIGHT UNIT AND SPACIOUS , 1 BEDROOM, 1 BATH, CEDAR WALK- IN CLOSET , WOOD FLOOR , COVER PARKING SPACE AND VERY SECURE BUILDING , GREAT FOR INVESTORS , UNIT HAS A CURRENT TENANT , LEASE EXPIRES ON 2022 LOW MAINT. 1 BLOCK FROM BAL HARBOUR SHOPS, SUPERMARKETS, A + SCHOOLS , RESTAURANTS AND CAFES, 5 DIFERENT HOUSES OF WORSHIP . DIRECT ENTRANCE TROUGH OCEANIA TO THE BEACH , BRING YOUR OFFER , CASH DEAL ONLY , BEST INVESTMENT IN THE AREA - CALL LA FOR SHOWING. unit is with tenant , do not disturbed needs 24 hrs. to show .

29. 2020-11-10
    historical
30. 2020-11-08
    listed $225,555 Active 650-char remark

    Show marketing remark (650 chars)

    AMAZING LOCATION !!!AND GREAT INVESTMENT !! ONE OF THE BEST AREA IN ALL MIAMI , BEAUTIFUL AND COZY BOUTIQUE BUILDING , VERY BRIGHT UNIT AND SPACIOUS , 1 BEDROOM, 1 BATH, CEDAR WALK- IN CLOSET , WOOD FLOOR , COVER PARKING SPACE AND VERY SECURE BUILDING , GREAT FOR INVESTORS , UNIT HAS A CURRENT TENANT , LEASE EXPIRES ON 2022 LOW MAINT. 1 BLOCK FROM BAL HARBOUR SHOPS, SUPERMARKETS, A + SCHOOLS , RESTAURANTS AND CAFES, 5 DIFERENT HOUSES OF WORSHIP . DIRECT ENTRANCE TROUGH OCEANIA TO THE BEACH , BRING YOUR OFFER , CASH DEAL ONLY , BEST INVESTMENT IN THE AREA - CALL LA FOR SHOWING. unit is with tenant , do not disturbed needs 24 hrs. to show .

31. 2020-09-09
    price $224,999
32. 2020-08-27
    price $225,000
33. 2020-08-25
    price $228,500
34. 2020-07-31
    price $230,000
35. 2020-04-02
    price $235,000
36. 2020-03-31
    price $245,000
37. 2020-03-31
    price $235,000
38. 2018-04-27
    price $245,000
39. 2018-03-11
    price $245,888
40. 2018-01-23
    price $244,888
41. 2017-12-17
    price $245,000
42. 2017-11-10
    price $245,770
43. 2017-07-13
    price $248,770
44. 2017-06-02
    status Active
45. 2017-05-30
    historical
46. 2017-04-19
    status Active
47. 2017-04-09
    historical
48. 2016-12-21
    status Active
49. 2016-12-11
    historical
50. 2016-11-20
    price $248,000

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $5,242 · $437/mo
• Projected year-2 tax: $5,242 · $437/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥103°F today · 28 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

Taxation est. · year 1

• Rental income: $52,711
• − Mortgage interest: −$20,165
• − Property taxes: −$5,242
• − Insurance: −$6,918
• − Repairs & maintenance: −$4,217
• − Management: −$4,217
• − HOA: −$4,248
• − Depreciation: −$10,472
• Taxable loss: −$2,768
• Est. tax savings @ 24.0%: +$664
• After-tax cash flow: $3,244/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.

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

Livability — Bal Harbour

• Score: 76/100
• State rank: #217
• US rank: #3392

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bal Harbour, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 14,572
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 14,572
• Household income: $89,563
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 774.0

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: Majority White (53%)
• Race & ethnicity: White 53% Hispanic / Latino 41% Two or more races 25% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Cuban 12% Salvadoran 2%
• Common ancestry: Scotch-Irish 7% Romanian 5% Lithuanian 4%
• Foreign-born: 46% · Canada, Jamaica, Dominican Republic
• Languages at home: 36% English-only · Spanish 41% French/Haitian/Cajun 7% 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: —

Market trends

• HPI YoY: ▲ 6.12%
• Current HPI: 454.1747
• Rent YoY: ▼ -1.30%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-98.0% since first listed

45 events — show timeline

• 2026-01-28 Price Changed $2,100 MARMLS
• 2025-12-17 Listed for Rent $2,300 MARMLS
• 2025-12-16 Listed $359,990 MARMLS
• 2024-12-30 Rental Removed $2,000 MARMLS
• 2024-11-13 Listed for Rent $2,000 MARMLS
• 2024-11-12 Rental Removed $2,300 MARMLS
• 2024-08-02 Listed for Rent $2,300 MARMLS
• 2024-08-01 Rental Removed $2,300 MARMLS
• 2024-03-26 Price Changed $2,300 MARMLS
• 2024-03-05 Listed for Rent $2,500 MARMLS
• 2024-03-05 Rental Removed $2,500 MARMLS
• 2023-12-25 Listed for Rent $2,800 MARMLS
• 2021-03-01 Sold (MLS) $220,000 MARMLS
• 2021-01-07 Price Changed $228,000 MARMLS
• 2020-12-07 Price Changed $225,000 MARMLS
• 2020-11-10 Listing Removed — MARMLS
• 2020-11-08 Listed $225,555 MARMLS
• 2020-09-09 Price Changed $224,999 MARMLS
• 2020-08-27 Price Changed $225,000 MARMLS
• 2020-08-25 Price Changed $228,500 MARMLS
• 2020-07-31 Price Changed $230,000 MARMLS
• 2020-04-02 Price Changed $235,000 MARMLS
• 2020-03-31 Price Changed $245,000 MARMLS
• 2020-03-31 Price Changed $235,000 MARMLS
• 2018-04-27 Price Changed $245,000 MARMLS
• 2018-03-11 Price Changed $245,888 MARMLS
• 2018-01-23 Price Changed $244,888 MARMLS
• 2017-12-17 Price Changed $245,000 MARMLS
• 2017-11-10 Price Changed $245,770 MARMLS
• 2017-07-13 Price Changed $248,770 MARMLS
• 2017-06-02 Relisted — MARMLS
• 2017-05-30 Listing Removed — MARMLS
• 2017-04-19 Relisted — MARMLS
• 2017-04-09 Listing Removed — MARMLS
• 2016-12-21 Relisted — MARMLS
• 2016-12-11 Listing Removed — MARMLS
• 2016-11-20 Price Changed $248,000 MARMLS
• 2016-10-13 Relisted — MARMLS
• 2016-09-19 Listing Removed — MARMLS
• 2016-09-07 Listed $250,000 MARMLS
• 2016-02-03 Sold (MLS) $215,000 MARMLS
• 2016-01-20 Pending — MARMLS
• 2015-12-22 Listed $215,000 MARMLS
• 2012-04-21 Sold (MLS) $92,000 MARMLS
• 2012-03-30 Sold (Public Records) $105,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $5,242 · +40.4% YoY. Source: county tax records.