Douglas Elliman Sells SFR In Miami For $10M With Seller's Rep Sylvia Chamorro
SOLD
Florida
See Similar DealsSingle Family Residence1 SF
Sold 03/30/2023
SOLD
Douglas Elliman Sells SFR In Miami For $10M With Seller's Rep Sylvia Chamorro
4425 Island Road
See Similar DealsSingle Family Residence1 SF
Sold 03/30/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$10,000,000
Total Square Footage:1 SF
Transaction Type:Sale
The single-family residence located at 4425 Island Road in Miami has been sold. The transaction took place on March 30, 2023, with a sale price of $10,000,000. The property, situated in the Miami market, was sold by Lang Baugarten and Bob Wetenhall.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,000,000
- Address: 4425 Island Road
- Market: Miami
The sale of this prestigious property was facilitated by brokers David Pulley and Seán Murray from Douglas Elliman. Representing the sellers from Douglas Elliman was Sylvia Chamorro.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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