5900 Collins Ave 506, Miami Beach, FL 33140 — MLS photo

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5900 Collins Ave 506, Miami Beach, FL 33140

Active · Condominium

$495,000

5900 Collins Ave 506, Miami Beach, FL 33140

Beds
2
Baths
2
Living area
970 sq ft
$ / sq ft
$510/sq ft
Year built
1998
Lot size
—
HOA fee
$1,556
Annual tax
—

About this property

Step into this inviting 2 bed, 2 bath home on Collins Avenue, where bright living spaces open to a private balcony overlooking the energy of Miami Beach. The layout offers an easy flow between living, dining, and kitchen areas, creating a comfortable place to unwind. The building features 24/7 security, valet, a pool deck, gym, sauna, Jacuzzi, social room, Luxury building with newly renovated common areas, 24-hr security, bike & kayak storage, marina (unit does not include a slip). All just steps from top dining, shopping, and the beach.

Property location

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5900 Collins Ave 506, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
970 sq ft

Exterior & Structure

Property type
Condominium
Year built
1998

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,556
County
Miami-Dade
MLS listing ID
A11915815
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,179

Cap rate
0.4%
Net yield
0.4%
Cash-on-cash return
-18.9%
Gross yield
7.5%
Mortgage payment
$2,347/mo
Down payment
$123,750
Loan amount
$371,250
Annual NOI
$2,014

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.