Deven Rojas And Sheila Michelle Rojas Acquire Condo In Miami Beach For $6.25M
SOLD
$6,250,000
Florida
See Similar DealsCondo2,292 SF
Sold 05/25/2022
SOLD
Deven Rojas And Sheila Michelle Rojas Acquire Condo In Miami Beach For $6.25M
100 South Pointe Drive, Miami Beach, Florida 33139, United States
See Similar DealsCondo2,292 SF
Sold 05/25/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,726
Total Square Footage:2,292 SF
Transaction Type:Sale
A condo located at 100 S Pointe Drive in Miami Beach, South of Fifth, has been sold for a price of $6,250,000. The property spans 2,292 square feet, resulting in a price per square foot of $2,727.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,250,000
- Square Footage: 2,292
- Price per Square Foot: $2,727
The sale of the condo was facilitated by Sheila "Michelle" Rojas and Deven Rojas, who represent Brown Harris Stevens Miami. They acted as the brokers in the transaction, ensuring a successful deal between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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