Updated Sep 5, 2024
Hector Raine Acquires Miami Beach SFR From Leigh Esposito & David Coelho For $3.2M
2020 Alton Road, Miami Beach, FL 33140, USA
$3,200,000
$1,120/SF
Building Size
2,857 SF
Asset Type
Single Family Residence
Closing
Jul 30, 2020
About this deal
AI
The property involved in this transaction is a single-family home located at 2020 Alton Rd in Miami Beach. The property has a total square footage of 2,857 and sits on a lot size of 6,500 square feet. The transaction took place on July 30, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,200,000
- Market: Miami Beach
- Asking Price: $3,300,000
- Price per Square Foot: $1,120
The buyer in this transaction is Hector Raine, while the sellers are Leigh Esposito and David Coelho. The buyer was represented by Kim Rodstein, and the seller was represented by Neal Chinai.
On the Map
$3,200,000
$1,120/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $3.2M for 2,857 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93