Michael Rodriguez & Elizabeth Rodriguez Sell SFR In Miami For $5 Million With Annette Balestra As Buyer's Rep
SOLD
$5,000,000
Florida
See Similar DealsSold 07/18/2022
SOLD
Michael Rodriguez & Elizabeth Rodriguez Sell SFR In Miami For $5 Million With Annette Balestra As Buyer's Rep
9881 Sw 68th St
See Similar DealsSold 07/18/2022
Summary
FLORIDA
Transaction Type:Sale
The property asset involved in this transaction is a single-family residence (SFR) located at 9881 SW 68th St in the Miami market. The property has a total of 6,649 square feet and was sold for $5,000,000, resulting in a price per square foot of $752.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,000,000
- Address: 9881 SW 68th St
- Market: Miami
- Square Footage: 6,649
- Price Per Square Foot: $752
- Seller: Michael Rodriguez & Elizabeth Rodriguez
- Buyer's Representative: Annette Balestra - Luxe Properties
In this transaction, the deal was represented by Annette Balestra from Luxe Properties on behalf of the buyer, facilitating the sale between the sellers, Michael Rodriguez and Elizabeth Rodriguez.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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