Alissa Pool Acquires SFR In Miami Beach For $5.5M With Brokers Dora Puig & Karen Reiter
SOLD
$5,500,000
Florida
See Similar DealsSingle Family Residence3,788 SF
Sold 02/12/2020
SOLD
Alissa Pool Acquires SFR In Miami Beach For $5.5M With Brokers Dora Puig & Karen Reiter
320 West Rivo Alto Drive, Miami Beach, FL, USA
See Similar DealsSingle Family Residence3,788 SF
Sold 02/12/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,452
Total Square Footage:3,788 SF
Transaction Type:Sale
A single-family residential property located at 320 West Rivo Alto Drive in Miami Beach has been sold for $5,500,000. The property spans 3,788 square feet, resulting in a price per square foot of $1,452.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,500,000
- Address: 320 West Rivo Alto Drive
- Market: Miami Beach
The buyer of the property is Alissa Pool, and the seller is Saumur LLC, represented by Robert D. Balick. The transaction was facilitated by Dora Puig of Luxe Living Realty and Karen Reiter of One Sotheby’s International Realty.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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