Jonathan Rodriguez & Isabel Burgos Acquire SFR In Miami For $3.995M
SOLD
$3,995,000
Florida
See Similar DealsSingle Family Residence6,112 SF
Sold 09/26/2022
SOLD
Jonathan Rodriguez & Isabel Burgos Acquire SFR In Miami For $3.995M
10506 Southwest 89th Place, Miami, Florida 33176, United States
See Similar DealsSingle Family Residence6,112 SF
Sold 09/26/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$653
Total Square Footage:6,112 SF
Transaction Type:Sale
Located at 10506 SW 89th Place in Miami, this SFR property was recently sold in a closed transaction. The property covers an area of 6,112 square feet and was listed at a price of $3,995,000. The sale price per square foot was approximately $654, making it an attractive investment.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,995,000
- Buyer: Jonathan Rodriguez & Isabel Burgos
- Seller: Ori Darmon
- Brokers: Miguel Rodriguez & Samuel M. Hernandez - LandSafe Investment Group - Lifestyle International Realty
The buyers, Jonathan Rodriguez and Isabel Burgos, successfully purchased the property from seller Ori Darmon. The deal was facilitated by brokers Miguel Rodriguez and Samuel M. Hernandez from LandSafe Investment Group and Lifestyle International Realty. This transaction demonstrates the strong demand for properties in the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,193.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,938.34
Annual Debt Service$227,260.06
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