Investco Finance LLC Acquires SFR In Bay Point, Miami For $6.6M
SOLD
$6,625,000
Florida
See Similar DealsSingle Family Residence1,187 SF
Sold 07/01/2020
SOLD
Investco Finance LLC Acquires SFR In Bay Point, Miami For $6.6M
4241 Palm Lane, Miami, FL, USA
See Similar DealsSingle Family Residence1,187 SF
Sold 07/01/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,581
Total Square Footage:1,187 SF
Transaction Type:Sale
A single-family residential (SFR) property located at 4241 Palm Ln in Bay Point, Miami has been sold. The property, with a total area of 1,187 square feet, was sold for a total sale price of $6,625,000, resulting in a price per square foot of $5,581. The transaction took place on July 1, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,625,000
- Property Address: 4241 Palm Ln, Bay Point, Miami
- Market: Bay Point, Miami
The buyer of the property is Investco Finance LLC, while the seller is Seth Gissen. Ana Teresa Rodriguez represented the buyer, Investco Finance LLC, and Stuart Drossner acted as the seller's representative in the deal.
It is important to note that the asking price for the property was $6,850,000, indicating that the sale price of $6,625,000 was slightly below the original asking price.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Single-Family Rental Investment Trends ReportQ3 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$353,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,537.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,405.88
Annual Debt Service$376,870.56
Is there something missing? Send suggestions