Andres M. Solis Purchases Condo From Kendrick Osborn With Seller's Rep Tomi Rose For $555,000
350 South Miami Avenue
$555,000
$529/SF
Building Size
1,048 SF
Asset Type
Condo
Closing
Oct 21, 2024
About this deal
AI
The asset involved in this transaction is a condo located at 350 South Miami Avenue Unit in Miami. The sale price of the property was $555,000, with a total of 317 units. The square footage of the condo is 1,048, resulting in a price per square foot of $529. The price per unit is $1,750.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $555,000
- Units: 317
- Square Footage: 1,048
- Price per Square Foot: $529
- Price per Unit: $1,750
- Buyer: Andres M. Solis
- Seller: Kendrick Osborn
- Seller's Representative: Tomi Rose - Aston Rose
The individuals involved in the transaction include the buyer, Andres M. Solis, and the seller, Kendrick Osborn, who was represented by Tomi Rose from Aston Rose during the sale. The transaction was recorded on 10/21/2024.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $529 per square foot on a published $555K for 1,048 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
28.58%
Cash-on-Cash
-8.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93