Eddie Irvine Acquires SFR In Miami Beach For $7.6M From Seller Neal & Becki Litman
424 West Rivo Alto Drive, Miami Beach, FL, USA
$7,600,000
$1,409/SF
Building Size
5,392 SF
Asset Type
Single Family Residence
Closing
Dec 16, 2020
AI
An SFR located at 424 Rivo Alto Drive in Miami Beach was recently sold for $7,600,000. The property spans 5,392 square feet, resulting in a price per square foot of $1,409. The sale took place on December 17, 2020, and the transaction involved the following key individuals and companies:
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,600,000
- Address: 424 Rivo Alto Drive
- Market: Miami Beach
The buyer, Eddie Irvine, acquired the property from Neal & Becki Litman. The transaction was facilitated by broker Julian Johnston from The Corcoran Group.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93