Melissa Breda & Julian Johnston Sell Miami Beach SFR For $3.16M
SOLD
$3,160,000
Florida
See Similar DealsSingle Family Residence2,827 SF
Sold 01/25/2022
SOLD
Melissa Breda & Julian Johnston Sell Miami Beach SFR For $3.16M
2211 North Bay Road, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence2,827 SF
Sold 01/25/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,117
Total Square Footage:2,827 SF
Transaction Type:Sale
Located in Miami Beach, this single-family home at 2211 N Bay Rd has recently been sold. The transaction was facilitated by Melissa Breda from ONE Sotheby's International Realty and Julian Johnston from The Corcoran Group.
Summary of transaction details
- Property Type: SFR (Single-Family Residence)
- Transaction Amount: $3,160,000
- Square Footage: 2,827
- Price per Square Foot: $1,118
- Market: Miami Beach
This sale marks the highest price per square foot achieved in comparable sales in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,226.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,980.01
Annual Debt Service$179,760.15
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