SOLDLand
Sergio Concepcion Purchases Land From Spencer Evans In Miami For $365,000
903 Sw 13th Ct
$365,000
Lot Size
7,800 SF
Asset Type
Land
Closing
Sep 8, 2018
About this deal
AI
The property involved in this transaction is a land asset, located at 903 Sw 13th Ct, Miami. The sale was completed for a total amount of $365,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $365,000.00
- Buyer: Sergio Concepcion
- Seller: Spencer Evans
- Brokers: Arthur Porosoff, Javier Ubeda, David Cohen (Horvath & Tremblay)
- Sale Date: 09/08/2018
Arthur Porosoff, Javier Ubeda, and David Cohen represented the transaction through their affiliation with Horvath & Tremblay, facilitating the deal between the buyer and the seller.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
43.46%
Cash-on-Cash
-12.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93