Humberto Ramirez Developers Sells SFR In Eastern Shores, North Miami Beach For $5.1M
SOLD
$5,100,000
Florida
See Similar DealsSingle Family Residence5,400 SF
Sold 07/06/2020
SOLD
Humberto Ramirez Developers Sells SFR In Eastern Shores, North Miami Beach For $5.1M
16421 Northeast 30th Avenue, Eastern Shores, North Miami Beach, FL, USA
See Similar DealsSingle Family Residence5,400 SF
Sold 07/06/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$944
Total Square Footage:5,400 SF
Transaction Type:Sale
An SFR located at 16421 NE 30th Ave in Eastern Shores, North Miami Beach was recently sold for a price of $5,100,000. The property spans 5,400 square feet, resulting in a price per square foot of $944.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,100,000
- Address: 16421 NE 30th Ave
- Market: Eastern Shores, North Miami Beach
- Square Footage: 5,400
The seller of this property was Humberto Ramirez Developers. The deal was facilitated by Alexander Goldstein and Alan Eskenazi of Miles Goldstein Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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