Ben Moss Acquires SFR In Miami Beach For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsSingle Family Residence3,500 SF
Sold 05/26/2020
SOLD
Ben Moss Acquires SFR In Miami Beach For $2.75M
1210 Lenox Avenue, Miami Beach, FL, USA
See Similar DealsSingle Family Residence3,500 SF
Sold 05/26/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$785
Total Square Footage:3,500 SF
Transaction Type:Sale
Located at 1210 Lenox Avenue in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property features a total area of 3,500 square feet and sits on a 7,500 square foot lot. The sale took place on 05/26/2021, with an asking price of $3,000,000. Ultimately, the property was sold for $2,750,000, resulting in a price per square foot of $786.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,750,000
- Market: Miami Beach
In this transaction, Ben Moss represented the buyer, while Pietro Belmonte and Annie de la Rosa served as the seller's representatives. The deal was successfully closed under their guidance and expertise.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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