5555 Collins Ave Unit 4S · Miami Beach, FL 33140

$315,000

1 bd · 1.0 ba · 912 sqft · Condo public records · 324 Days on market

Built 1967 $2135/mo HOA · 45% of rent

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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).

• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Appreciation +5.5/10.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0

Listing remarks

Oceanfront Gem with Spectacular Views! Discover this beautiful 1-bedroom, 1-bathroom residence at Oceanside Plaza, designed by renowned architect Morris Lapidus. The unit located on the fourth floor features an expansive wrap around terrace with breathtaking bay and downtown Miami views, impact glass windows, and 1-assigned parking space. Amenities include a heated pool with beach services, jacuzzi, two gyms, basketball and racquetball courts, a grand ballroom, billiard room, rooftop solarium, pickleball courts, and the onsite restaurant "Lola. " Valet, bicycle storage, and lobby beautification renderings will add to the luxury. Experience Miami’s oceanfront lifestyle, perfe

Key facts

• Impact glass windows
• Two gyms
• Wrap around terrace

Tags

• WRAP AROUND TERRACE
• IMPACT GLASS WINDOWS
• HEATED POOL
• JACUZZI
• TWO GYMS
• BASKETBALL COURTS

Property features AI

Finance

• Other: Association pool; Oceanfront with ocean access and views
• Financial info: Pets not allowed
• HOA & community: Quarterly association fee; Association fee covers common areas, cable TV, hot water, pest control, sewer and water; Association amenities include basketball court, bike storage, fitness center, laundry, pickleball, pool, sauna, spa/hot tub, storage, trails and elevators

Exterior

• Parking: Assigned covered parking (1 space); Valet
• Security: Secured lobby
• Utilities: Cable available
• Home design: High-rise building (17 stories); Southeast-facing; Entry on level 4; Attached property
• Construction: Block construction; Resale
• Exterior features: Balcony; Open wrap-around porch

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Bedroom on main level
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air (electric); Electric heating
• Interior features: Drapes and sliding impact-glass windows; First-floor entry; Living/dining room; Tub/shower; Walk-in closet(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $315k.

Deal economics

• At list price, monthly cash flow is $-840 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (47.1% below list).
• Meets the 1% rule at list price ($5k rent vs $315k).
• Recommended offer: $167k (47.1% below list) — sets the bar for cash-flow.
• Cap rate 4.7% vs local median 1.5% in Miami 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 80/100 on livability (#108 in FL, #1,672 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, health & safety A+; Watch: housing C-, amenities D-, cost of living F.
• Zoned schools: North Beach Elementary School (math 75% / reading 79%, grade A, #170 of 2,144 statewide, top 9%, 937 students, 24% FRL); Miami Beach Nautilus Middle School (math 46% / reading 58%, grade C+, #217 of 571 statewide, top 40%, 918 students, 44% FRL); Miami Beach Senior High School (math 21% / reading 48%, grade F, #386 of 667 statewide, top 59%, 2,175 students, 40% FRL).
• Market conditions: Rents rising (+3.5%/yr); 672 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 $4,696/mo this rent would consume 53% of the median local household income ($107k/yr) (locally 870% 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 ($2k loan paydown + $3k appreciation (1.0% 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 324 days — a 12% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $115k; list at $315k implies a 174% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 45% 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,599 (47.1% 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 324 days. Have you received any prior offers? Is the seller open to a 47% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — 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: 1.49% ✓
• Cap rate: 4.72%
• Cash-on-cash: -5.63%
• DSCR: 0.75
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.96% appreciation · 3.52% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.50×
• Total profit: $-44,154
• Equity at exit: $106,961

10-year hold

• IRR: -2.9%
• Equity multiple: 0.63×
• Total profit: $-32,399
• Equity at exit: $141,699

Cash invested: $88,200 (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 33140

• Home prices YoY: 0.3%
• Rents YoY: 3.5%
• Active inventory: 672
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $4,696 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$206 /mo · $2,467/yr
• Insurance: −$131
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$2,135
• Vacancy / Maint / Mgmt: −$986
• Net cashflow: $-840

Break-even live

Break-even rent $5,760

Max offer price $166,599

Occupancy floor —

Sensitivity live

Price	-10% $-662	-5% $-751	+0% $-840	+5% $-929	+10% $-1,018
Rent	-10% $-1,211	-5% $-1,026	+0% $-840	+5% $-655	+10% $-469
Rate	-1.0pp $-681	-0.5pp $-760	base $-840	+0.5pp $-922	+1.0pp $-1,005

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $2,135 · $25,620/yr
• Likely covers: poolgymparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-22
   days on market $315,000 Active 324 DOM
2. 2026-06-18
   days on market $315,000 Active 321 DOM
3. 2026-06-17
   days on market $315,000 Active 320 DOM
4. 2026-06-16
   days on market $315,000 Active 319 DOM
5. 2026-06-15
   days on market $315,000 Active 318 DOM
6. 2026-06-13
   days on market $315,000 Active 316 DOM
7. 2026-06-09
   days on market $315,000 Active 312 DOM
8. 2026-06-08
   days on market $315,000 Active 311 DOM
9. 2026-06-08
   days on market $315,000 Active 310 DOM
10. 2026-06-04
    days on market $315,000 Active 307 DOM
11. 2026-06-03
    days on market $315,000 Active 306 DOM
12. 2026-06-02
    days on market $315,000 Active 305 DOM
13. 2026-06-01
    days on market $315,000 Active 304 DOM
14. 2026-05-31
    days on market $315,000 Active 303 DOM
15. 2025-10-28
    price $315,000
16. 2025-08-01
    listed $325,000 Active
17. 2025-07-31
    historical
18. 2025-01-30
    price $325,000
19. 2024-12-20
    price $329,000
20. 2024-11-11
    price $345,000
21. 2024-09-03
    listed $359,000 Active
22. 1997-02-05
    soldstatus $115,000
23. 1980-10-01
    soldstatus $112,000

ⓘ 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: $2,467 · $206/mo
• Projected year-2 tax: $2,614 · $218/mo
• Expected delta: +$147/yr (+$12/mo · 6.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 98% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥101°F today · 27 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $56,358
• − Mortgage interest: −$17,645
• − Property taxes: −$2,467
• − Insurance: −$6,694
• − Repairs & maintenance: −$4,509
• − Management: −$4,509
• − HOA: −$25,620
• − Depreciation: −$9,164
• Taxable loss: −$14,249
• Est. tax savings @ 24.0%: +$3,420
• After-tax cash flow: $-6,661/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)

No district data.

Livability — Miami Beach

• Score: 80/100
• State rank: #108
• US rank: #1672

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Miami Beach, FL
• County: Miami-Dade County · 2,697,751 people
• City population: 90,533
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 20,342
• Household income: $107,063
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 870.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 46% Hispanic / Latino 44% Two or more races 23% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 19% Salvadoran 6%
• Common ancestry: Scotch-Irish 5% Romanian 3% Italian 3%
• Foreign-born: 44% · Canada, Dominican Republic, Jamaica
• Languages at home: 43% English-only · Spanish 45% Other Indo-European 6% French/Haitian/Cajun 2%

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: ▲ 0.96%
• Current HPI: 302.8514
• Rent YoY: ▲ 3.52%
• 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

+181.2% since first listed

9 events — show timeline

• 2025-10-28 Price Changed $315,000 MARMLS
• 2025-08-01 Listed $325,000 MARMLS
• 2025-07-31 Listing Removed — MARMLS
• 2025-01-30 Price Changed $325,000 MARMLS
• 2024-12-20 Price Changed $329,000 MARMLS
• 2024-11-11 Price Changed $345,000 MARMLS
• 2024-09-03 Listed $359,000 MARMLS
• 1997-02-05 Sold (Public Records) $115,000 Public Records
• 1980-10-01 Sold (Public Records) $112,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,467 · +3.3% YoY. Source: county tax records.