Michael Lipman Sells Single Family Home At 2141 Secoffee Street Miami For $1.75M
SOLD
$1,750,000
Florida
See Similar DealsSingle Family Residence2,388 SF
Sold 09/06/2024
SOLD
Michael Lipman Sells Single Family Home At 2141 Secoffee Street Miami For $1.75M
2141 Secoffee Street
See Similar DealsSingle Family Residence2,388 SF
Sold 09/06/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$732
Total Square Footage:2,388 SF
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 2141 Secoffee Street in the Miami market. The sale price for the property was $1,750,000, and it encompasses an area of 2,388 square feet, resulting in a price per square foot of $732.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,750,000
- Address: 2141 Secoffee Street
- Market: Miami
- Square Footage: 2,388
- Price Per Square Foot: $732
- Seller: Michael Lipman
- Broker: Tomi Rose - Aston Rose Sports + Entertainment
The deal features Michael Lipman as the seller, represented by broker Tomi Rose from Aston Rose Sports + Entertainment, facilitating the transaction in the Miami real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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