Updated Dec 21, 2023
Michael Allenberg Acquires SFR In Miami For $1.125M With Uri Redler - The Real Estate Lab Inc
3043 Hibiscus Street, Miami, Florida 33133, United States
$1,125,000
$500/SF
Building Size
2,250 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2022
About this deal
AI
A single-family residential (SFR) property located at 3043 Hibiscus St in Miami has been sold for $1,125,000. The property spans over 2,250 square feet, resulting in a price per square foot of $500. The sale took place on March 1, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,125,000
- Market: Miami
- Address: 3043 Hibiscus St
The buyer of this property is Michael Allenberg, while Eric Brown acted as the seller. Uri Redler from The Real Estate Lab Inc represented both parties as the broker in this transaction.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $500 per square foot on a published $1.1M for 2,250 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93