Marc Elk Acquires SFR In Miami From Brian Brun For $2.3M
SOLD
$2,300,000
Florida
See Similar DealsSingle Family Residence3,105 SF
Sold 03/01/2023
SOLD
Marc Elk Acquires SFR In Miami From Brian Brun For $2.3M
444 Northeast 50th Terrace
See Similar DealsSingle Family Residence3,105 SF
Sold 03/01/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$740
Total Square Footage:3,105 SF
Transaction Type:Sale
A single-family home located at 444 Northeast 50th Terrace in Miami has been sold in a recent transaction. The property offers a total square footage of 3,105 and was listed for $2,500,000.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,300,000
- Address: 444 Northeast 50th Terrace, Miami
- Market: Miami
The buyer, Marc Elk, acquired the property from the seller, Brian Brun. The transaction was facilitated by Liora Rahimi and Oren Alexander from OFFICIAL, who represented both parties in the deal.
The sale price for the property was $2,300,000, and the price per square foot (PPSF) amounted to $741.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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