$19,000/Month Lease Agreement Signed For 3,699 SF SFR In Miami
1025 Belle Meade Island Dr, Miami, FL 33138, USA
Building Size
3,699 SF
Asset Type
Co-Op
Closing
Nov 15, 2022
About this deal
AI
The property involved in this lease transaction is a single-family home located at 1025 Belle Meade Island Dr in Miami. The property has a total square footage of 3,699. The lease agreement was signed for a monthly rent of $19,000.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $19,000/month
- Address: 1025 Belle Meade Island Dr
- Market: Miami
- Landlord: Leon Diamond & Kara Rosen
- Landlord's Representative: June Savage - Sotheby's International Realty
- Tenant's Representative: Gatien Salaun - Coldwell Banker Realty
June Savage from Sotheby's International Realty represented the landlord, Leon Diamond & Kara Rosen, in this lease transaction. On the other hand, Gatien Salaun from Coldwell Banker Realty represented the tenant. The lease agreement was successfully negotiated, and the monthly rent was finalized at $19,000.
On the Map
Co-Op
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Miami Co-Op Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93