ONE Sotheby's International Realty Acquires SFR In Miami For $11.3M
SOLD
$11,300,000
Florida
See Similar DealsSingle Family Residence7,169 SF
Sold 11/25/2020
SOLD
ONE Sotheby's International Realty Acquires SFR In Miami For $11.3M
4731 Lake Road, Miami, FL, USA
See Similar DealsSingle Family Residence7,169 SF
Sold 11/25/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,576
Total Square Footage:7,169 SF
Transaction Type:Sale
The property in question is a Single Family Residential (SFR) located at 4731 Lake Road in Miami. This property was sold on November 25, 2020, with a sale price of $11,300,000. The total square footage of the property is 7,169, resulting in a price per square foot of $1,576.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,300,000
- Address: 4731 Lake Road
- Market: Miami
Jorge Martinez, representing ONE Sotheby's International Realty, acted as the buyer's representative in this transaction. The seller's representatives were Betsy Magde and Marissa Kartheiser from Compass Florida, LLC.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$602,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18
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