Minh Pham Acquires Condo On Ocean Drive, Miami Beach For $1.1M
SOLD
$1,105,000
Florida
See Similar DealsCondo1,622 SF
Sold 11/16/2023
SOLD
Minh Pham Acquires Condo On Ocean Drive, Miami Beach For $1.1M
1330 Ocean Drive
See Similar DealsCondo1,622 SF
Sold 11/16/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$681
Total Square Footage:1,622 SF
Transaction Type:Sale
A 1,622 square foot condo located at 1330 Ocean Drive in Miami Beach has been sold for $1,105,000. The property was purchased by Minh Pham.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,105,000
- Address: 1330 Ocean Drive, Miami Beach
- Square Footage: 1,622
Maggi Realty Group represented the buyer, Minh Pham, in the transaction. The seller, Scarlet Fire, was represented by Maria Corina Sosa from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,925.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,238.26
Annual Debt Service$62,859.16
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