Lazaro Rolando Martinez & Marialina Martinez Acquire SFR In Islamorada For $2.35M
400 Palm Drive, Islamorada, Florida 33036, United States
$2,350,000
$899/SF
Building Size
2,613 SF
Asset Type
Single Family Residence
Closing
Jun 16, 2022
AI
A single-family home located at 400 Palm Dr in Islamorada was recently sold for $2,350,000. The property spans 2,613 square feet, resulting in a price per square foot of $899. The transaction took place on June 17, 2022.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,350,000
- Address: 400 Palm Dr, Islamorada
- Market: Islamorada
The buyers of the property are Lazaro Rolando Martinez and Marialina Martinez. They were represented by Alexander Pinero from Pine River Realty. The seller of the property is Steven Haase. Alexander Pinero facilitated the deal as the buyer's representative in collaboration with Pine River Realty.
Players
Islamorada Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93