Jeri Powell And Neil Nissan Acquire Single Family Home In Miami From Patricia Cassells For $1.2M
1537 Southwest 10th Street
$1,200,000
$162/SF
Building Size
7,395 SF
Asset Type
Single Family Residence
Closing
Sep 11, 2025
AI
This asset is a single-family home located at 1537 Southwest 10th Street in the Miami market. The property consists of a 4-bedroom, 2.5-bathroom main house accompanied by a legal 1-bedroom, 1-bathroom cottage. The sale price for this property was $1,200,000, with a total square footage of 7,395, resulting in a price per square foot of $162.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,200,000
- Address: 1537 Southwest 10th Street
- Market: Miami
- Square Footage: 7,395
- Price per Square Foot: $162
- Buyer: Jeri Powell and Neil Nissan
- Seller: Patricia Cassells
- Broker Representatives: Jennifer Raanan & Benjamin Mayell - Mayell Real Estate
Jennifer Raanan and Benjamin Mayell of Mayell Real Estate represented the transaction in the sale of this property, highlighting its potential as an investment opportunity in a desirable location.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93