Ocean Blvd Single Family Lease In Golden Beach | Tenant Frederika 'Kiki' Rutten | $50K/Month Rent
125 Ocean Boulevard, Golden Beach, Florida 33160, United States
Building Size
5,373 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2022
AI
Located in the prestigious market of Golden Beach, this single-family home is situated at 125 Ocean Blvd. Offering a spacious living area spanning 5,373 square feet, this property is perfect for those seeking a luxurious beachfront retreat. The lease for this stunning residence was finalized on August 26, 2022, as confirmed by the transaction date.
Summary of transaction details
- Property Type: Single Family
- Address: 125 Ocean Blvd
- Market: Golden Beach
Representing the landlord in this lease transaction is Christian Rodriguez from Homeside Realty Corp. On the other side, the tenant's representation was handled by Frederika ‘Kiki’ Rutten from ONE Sotheby’s International Realty. With their expertise in the real estate market, both parties ensured a smooth negotiation process.
Asking for a monthly rent of $50,000, this single-family home offers an exceptional living experience in an exclusive location. With Frederika ‘Kiki’ Rutten serving as the tenant's representative, the deal was successfully negotiated to meet both parties' satisfaction.
Players
Golden Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93