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Levi Meyer Acquires Pinecrest SFR For $3.6M With Seller's Rep Matias Derito

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SOLD
$3,600,000

Florida

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Single Family Residence5,639 SF
Sold 05/13/2021
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Property Image
SOLD

Levi Meyer Acquires Pinecrest SFR For $3.6M With Seller's Rep Matias Derito

10845 Southwest 62nd Avenue, Pinecrest, FL 33156

See Similar Deals
Single Family Residence5,639 SF
Sold 05/13/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$638
Total Square Footage:5,639 SF
Transaction Type:Sale

A single-family home located at 10845 SW 62nd Ave in Pinecrest has been sold for $3,600,000. The property spans 5,639 square feet, resulting in a price per square foot of $638. The sale occurred on May 13, 2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $3,600,000
  • Address: 10845 SW 62nd Ave, Pinecrest
  • Market: Pinecrest
  • Asset Type: SFR

Levi Meyer from Compass FL represented the buyer in this transaction, while Matias Derito Conway, from The Meyer Groupre at HQ International Realty Group LLC, represented the seller.

Players

10 deals$48.7M volume
BROKER

Details

SOLD
IMAGE: Levi Meyer & Matias Derito Conway DATE: 05/13/2021 ADDRESS: 10845 SW 62nd Ave MARKET: Pinecrest ASSET TYPE: SFR BUYER'S REP: Levi Meyer - Compass FL SELLER'S REP: Matias Derito Conway @TheMeyerGroupre - HQ International Realty Group LLC ASKING PRICE: $3,800,000 SALE PRICE: $3,600,000 SF: 5,639 ~ PPSF: $638

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04