Eren Spring Acquires SFR On Hibiscus Island, Miami Beach For $2.375M
SOLD
$2,375,000
Florida
See Similar DealsSingle Family Residence2,517 SF
Sold 11/18/2021
SOLD
Eren Spring Acquires SFR On Hibiscus Island, Miami Beach For $2.375M
118 East 3rd Court, Miami Beach, FL, USA
See Similar DealsSingle Family Residence2,517 SF
Sold 11/18/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$943
Total Square Footage:2,517 SF
Transaction Type:Sale
A single-family residence located at 118 E 3rd Court in Hibiscus Island, Miami Beach has been sold in a recent transaction. The property spans across 2,517 square feet and was sold for a price of $2,375,000, resulting in a price per square foot of $944.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,375,000
The buyer in this transaction was Eren Spring, while the seller was Marcus Lara. The deal was facilitated by Nicholas Cato from Coldwell Banker and Omar Garban from Douglas Elliman.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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