Fernando Guruceaga Purchases Single Family Home From Asher Sobie In Miami For $1.618M
SOLD
$1,618,000
Florida
See Similar DealsSingle Family Residence1,980 SF
Sold 12/13/2024
SOLD
Fernando Guruceaga Purchases Single Family Home From Asher Sobie In Miami For $1.618M
371 SW 29 Rd
See Similar DealsSingle Family Residence1,980 SF
Sold 12/13/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$817
Total Square Footage:1,980 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 371 Southwest 29th Road, Miami. The sale price for this asset was $1,618,000, with a total square footage of 1,980 and a price per square foot of $817.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,618,000
- Address: 371 Southwest 29th Road
- Market: Miami
- Square Footage: 1,980
- Price Per Square Foot: $817
- Buyer: Fernando Guruceaga
- Seller: Asher Sobie
- Seller's Representative: Ashley Alvarez & William Alvarez - The Alvarez Group - Sterling One Realty
The transaction was facilitated by Ashley Alvarez and William Alvarez, representing the seller Asher Sobie. Their involvement highlights the brokerage's role in managing the sale process effectively for the seller throughout this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,293.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,748.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,670.15
Annual Debt Service$92,041.75
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