Insignia International Properties Represents Buyer In $1.14M Sale Of Miami Beach Condo
SOLD
$1,140,000
Florida
See Similar Deals2,600 SF
Sold 03/05/2021
SOLD
Insignia International Properties Represents Buyer In $1.14M Sale Of Miami Beach Condo
6000 Indian Creek Drive, Miami Beach, FL 33140, USA
See Similar Deals2,600 SF
Sold 03/05/2021
Summary
FLORIDA
Price Per Square Foot:$438
Total Square Footage:2,600 SF
Transaction Type:Sale
A condo located at 6000 Indian Creek Drive in Miami Beach has been sold in a recent transaction. The property spans approximately 2,600 square feet and was sold for a sale price of $1,140,000. The asking price for the condo was $1,295,000, resulting in a price per square foot of $438.
Summary of transaction details:
- Property Type: Condo
- Sale Price: $1,140,000
- Asking Price: $1,295,000
- Square Footage: 2,600
- Price per Square Foot: $438
Darin Feldman from Insignia International Properties represented the buyer in the transaction, while Allen Davoudpour from Compass represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,050.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,404.18
Annual Debt Service$64,850.18
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