Mathew & Natalie Katz Acquire SFR For $2.7M In North Miami Beach
SOLD
$2,700,000
Florida
See Similar DealsSingle Family Residence5,719 SF
Sold 06/03/2020
SOLD
Mathew & Natalie Katz Acquire SFR For $2.7M In North Miami Beach
16400 Northeast 29th Avenue, North Miami Beach, FL 33160
See Similar DealsSingle Family Residence5,719 SF
Sold 06/03/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$472
Total Square Footage:5,719 SF
Transaction Type:Sale
A single-family residential property located at 16400 NE 29th Ave in North Miami Beach has been sold. The property features 5,719 square feet of living space and is situated in a desirable market. The sale of this property was facilitated by Daniel Alvarez from TheDanielAlvarez_re.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $2,700,000
- Asking Price: $3,100,000
- Square Footage: 5,719
- Price per Square Foot: $472
- Market: North Miami Beach
- Buyer: Mathew & Natalie Katz
- Seller: Rodolfo Gomez
Mathew & Natalie Katz were the buyers in this transaction, while Rodolfo Gomez served as the seller. Daniel Alvarez from TheDanielAlvarez_re represented the parties involved in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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