Mathieu Rochette & David Sherman Acquire SFR In Miami Beach For $6.7M
248 W Rivo Alto Dr, Miami Beach, FL 33139, USA
$6,700,000
$1,637/SF
Building Size
4,092 SF
Asset Type
Single Family Residence
Closing
Aug 20, 2020
AI
The property involved in this transaction is a single-family residence located at 248 W Rivo Alto Dr in Miami Beach. The property has a total area of 4,092 square feet. The sale of this property was completed on 08/21/2020 with a selling price of $6,700,000. The price per square foot for this transaction was $1,637.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,700,000
The brokers involved in this deal were Mathieu Rochette and David Sherman from Compass Florida, LLC.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93