Edward Orlando Purchases Condo In Miami For $1.125M With Seller's Rep Carolyn Batchelor & Nancy Batchelor
SOLD
$1,125,000
Florida
See Similar DealsCondo1,137 SF
Sold 10/30/2024
SOLD
Edward Orlando Purchases Condo In Miami For $1.125M With Seller's Rep Carolyn Batchelor & Nancy Batchelor
2900 Northeast 7th Avenue
See Similar DealsCondo1,137 SF
Sold 10/30/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$989
Total Square Footage:1,137 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 2900 Northeast 7th Avenue Unit 3503 in the Miami market. The asset was sold for $1,125,000, encompassing a total square footage of 1,137 with a price per square foot of $989.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,125,000
- Address: 2900 Northeast 7th Avenue Unit 3503
- Market: Miami
- Square Footage: 1,137
- Price Per Square Foot: $989
- Buyer: Edward Orlando
- Seller's Representative: Carolyn Batchelor & Nancy Batchelor - Compass
The deal involved Edward Orlando as the buyer, with the representatives from Compass, Carolyn Batchelor and Nancy Batchelor, acting on behalf of the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89
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