Yair Gomes And Yajaira Halabi Purchase Single Family Home On Bay Point Road For $4.8M
SOLD
$4,800,000
Florida
See Similar DealsSingle Family Residence5,230 SF
Sold 11/15/2024
SOLD
Yair Gomes And Yajaira Halabi Purchase Single Family Home On Bay Point Road For $4.8M
4700 Bay Point Road
See Similar DealsSingle Family Residence5,230 SF
Sold 11/15/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$917
Total Square Footage:5,230 SF
Transaction Type:Sale
The property involved in this transaction is a Single Family home located at 4700 Bay Point Road in Miami. The sale price of the property was $4,800,000, with a total square footage of 5,230. The price per square foot amounts to $917.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $4,800,000
- Address: 4700 Bay Point Road
- Market: Miami
- Square Footage: 5,230
- Price per Square Foot: $917
- Buyer: Yair Gomes & Yajaira Halabi
- Seller: Douglas and Leda Jones
- Seller's Representative: Jonathan Garcia - ONE Sotheby's International Realty
The deal was marked by a record sale, noted as the highest price for a renovated home on Bay Point Road, suggesting a significant milestone in the local real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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