Mark Mcmahon Living Trust Acquires Condo In Miami Beach For $1.05M
SOLD
$1,050,000
Florida
See Similar DealsCondo1,190 SF
Sold 04/27/2022
SOLD
Mark Mcmahon Living Trust Acquires Condo In Miami Beach For $1.05M
100 Lincoln Road
See Similar DealsCondo1,190 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$882
Total Square Footage:1,190 SF
Transaction Type:Sale
The property involved in this closed transaction is a condominium located at 100 Lincoln Rd in Miami Beach. The condo has a total area of 1,190 square feet with a price per square foot of $882. The sale took place on April 27, 2022, and the property was sold for $1,050,000. The buyer of the condo is the Mark Mcmahon Living Trust, while the seller is Joar Opheim. The seller was represented by Freddie Baigen from Luxe Properties.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,050,000
- Square Footage: 1,190
- Price Per Square Foot: $882
- Address: 100 Lincoln Rd, Miami Beach
Freddy Baigen from Luxe Properties acted as the seller's representative in this transaction, ensuring a smooth closing process for both parties involved.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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