Eric Kastner Leases SFR To University Of Miami Students In Olympia Heights For $8,500/Month
8220 Southwest 48th Street
$8,500
$8,500/SF
Building Size
5,000 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2026
AI
The asset involved in the transaction is a single-family residence located at 8220 Southwest 48th Street in Olympia Heights. The property features a lease asking rent of $8,500 per month and offers a spacious area of 5,000 square feet. The lease type is Full Service Gross, with a term of one year.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,500/Month
- Lease Term: 1 Year
- Landlord: Eric Kastner
- Tenant: University of Miami Students
- Landlord's Representative: Yaakov Egre & Mendel Kletsman - Chabad Organization
- Tenant's Representative: Jared Deutsch & David Smith - Deutsch Estates; David Smith
Yaakov Egre and Mendel Kletsman represent the landlord, while Jared Deutsch and David Smith represent the tenant in the transaction. The Deutsch Estates team successfully closed the lease, catering specifically to University of Miami Students, enhancing their college experience just outside Coral Gables.
Players
Miami 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
1866.24%
Cash-on-Cash
-533.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93