Grace Heinecke Acquires SFR In Coconut Grove, Miami For $1.5M
SOLD
$1,495,000
Florida
See Similar DealsSingle Family Residence2,027 SF
Sold 10/17/2022
SOLD
Grace Heinecke Acquires SFR In Coconut Grove, Miami For $1.5M
3200 Morris Lane
See Similar DealsSingle Family Residence2,027 SF
Sold 10/17/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$737
Total Square Footage:2,027 SF
Transaction Type:Sale
The SFR located at 3200 Morris Ln in Coconut Grove, Miami has been sold in a recent transaction. The property, with a total of 2,027 square feet, was sold for a price of $1,495,000, resulting in a price per square foot of $738.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,495,000
- Address: 3200 Morris Ln, Coconut Grove, Miami
- Market: Coconut Grove, Miami
- Buyer: Grace Heinecke
- Seller: William Greenwald
- Brokers: Michael Segerman - Current Real Estate Advisors & Jill Penman - ONE Sotheby's International Realty
During the transaction, the buyer, Grace Heinecke, was represented by Michael Segerman from Current Real Estate Advisors, while the seller, William Greenwald, was represented by Jill Penman from ONE Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,311.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,087.06
Annual Debt Service$85,044.75
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