Ken Price & Scott Coff Sell Miami Beach SFR For $4.8M With Ryan Mendell And Morgan Blittner
SOLD
$4,800,000
Florida
See Similar DealsSingle Family Residence2,605 SF
Sold 01/27/2023
SOLD
Ken Price & Scott Coff Sell Miami Beach SFR For $4.8M With Ryan Mendell And Morgan Blittner
Single Family Residence2,605 SF
Sold 01/27/2023
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$1,842
Total Square Footage:2,605 SF
Transaction Type:Sale
This transaction involved a single-family residence (SFR) located in the Miami Beach market. The property was listed at an asking price of $4,995,000 and was ultimately sold for $4,800,000. It has a total square footage of 2,605, resulting in a price per square foot of $1,843.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,800,000
- Asking Price: $4,995,000
- Square Footage: 2,605
- Price per Square Foot: $1,843
- Seller: Ken Price & Scott Coff
- Buyer’s Representative: Morgan Blittner - Brown Harris Stevens
- Seller’s Representative: Ryan Mendell - Maxwelle Real Estate
Ken Price and Scott Coff were the sellers of the property, while Morgan Blittner from Brown Harris Stevens represented the buyer in the transaction. The seller was represented by Ryan Mendell from Maxwelle Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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