Kiet Law Acquires SFR In Miami Beach For $4.2M
1040 South Shore Drive, Miami Beach, Florida 33141, United States
$4,200,000
$743/SF
Building Size
5,647 SF
Asset Type
Single Family Residence
Closing
May 30, 2022
AI
The recently closed property transaction in Miami Beach involved a single-family residence located at 1040 S Shore Dr. The property spans across 5,647 square feet and was sold for a sale price of $4,200,000, resulting in a price per square foot of $744. The transaction took place on May 31, 2022.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $4,200,000
- Market: Miami Beach
The buyer in this transaction was Kiet Law, while Donald Barron acted as the seller. The deal was facilitated by a team of brokers including Felise Eber, Jill Eber, Mariana Garber, and Fabio Lopes from Jills Zeder Group - Coldwell Banker Realty.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93