Subodh Gupta & Mamta Gupta Acquire SFR In Miami For $2.9M
SOLD
$2,915,000
Florida
See Similar DealsOther5,882 SF
Sold 03/16/2022
SOLD
Subodh Gupta & Mamta Gupta Acquire SFR In Miami For $2.9M
11990 Southwest 94th Avenue, Miami, Florida 33176, United States
See Similar DealsOther5,882 SF
Sold 03/16/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$495
Total Square Footage:5,882 SF
Transaction Type:Sale
A single-family home located at 11990 SW 94th Ave in Miami has been sold for $2,915,000. The property spans across 5,882 square feet and has a price per square foot of $496. The transaction took place on March 16, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,915,000
The buyer of the property is Subodh Gupta and Mamta Gupta. They were represented by Sergio Martins from Premier Luxe Group. On the other hand, Miguel Rodriguez and Christopher Nin from Lifestyle International Realty acted as the seller's representatives in the deal.
With the sale successfully closed, this transaction highlights the involvement of key individuals and companies in the real estate market in Miami.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$155,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,356.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,818.59
Annual Debt Service$165,823.05
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