Peter Yared's InCountry Acquires SFR In Miami Beach For $5.2M
SOLD
$5,200,000
Florida
See Similar DealsSingle Family Residence4,579 SF
Sold 02/26/2021
SOLD
Peter Yared's InCountry Acquires SFR In Miami Beach For $5.2M
3329 Flamingo Drive, Miami Beach, FL, USA
See Similar DealsSingle Family Residence4,579 SF
Sold 02/26/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,135
Total Square Footage:4,579 SF
Transaction Type:Sale
A 4,579 square-foot single-family home located at 3329 Flamingo Drive in Miami Beach has been sold for $5,200,000. The property, represented by Jill Hertzberg of Coldwell Banker on behalf of buyer Peter Yared from InCountry, was sold by seller William R. Holloway and Jean-Louis Deniot. The sale took place on February 26, 2021.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $5,200,000
- Square Footage: 4,579
- Price per Square Foot: $1,136
- Address: 3329 Flamingo Drive, Miami Beach
- Market: Miami Beach
Jill Hertzberg of Coldwell Banker represented the buyer, Peter Yared, while Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the seller, William R. Holloway and Jean-Louis Deniot, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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