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Waterfront · Condominium
$499,000$550 / sqft
5880 Collins Ave # 403, Miami Beach FL 33140
Listed
2
Bedrooms
2
Bathrooms
908 sqft
Interior
1989
Year built
$1,689 / mo
HOA
Condominium
Type
About this home
Fully renovated 2-bed, 2-bath condo in the heart of Miami Beach’s Millionaire’s Row—just 3 minutes from the beach. This bright unit features stainless steel appliances, new impact windows, in-unit washer/dryer, covered parking and tranquil canal views. The building has completed its 40-year recertification with major upgrades including new roof, elevators, balconies, impact windows and fresh exterior paint. HOA includes water and trash. A+ rated school district. Move-in ready and ideal for beachside living or investment.
Features
- First Floor Entry
- Closet Cabinetry
- Split Bedroom
- East Of Us1
- Barbeque
- Canal
- Intracoastal View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
- Okay To Lease 1st Year
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.