Duek & Lara Group Acquires SFR In Key Biscayne For $4.5M
SOLD
$4,500,000
Florida
See Similar DealsSingle Family Residence4,493 SF
Sold 07/14/2021
SOLD
Duek & Lara Group Acquires SFR In Key Biscayne For $4.5M
545 Hampton Lane, Key Biscayne, Florida 33149, United States
See Similar DealsSingle Family Residence4,493 SF
Sold 07/14/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,001
Total Square Footage:4,493 SF
Transaction Type:Sale
A single-family home located at 545 Hampton Lane in Key Biscayne has recently been sold for a total price of $4,500,000. This property spans over 4,493 square feet, resulting in a price per square foot of $1,002. The transaction took place on July 14, 2021. The sale was facilitated by Andre Duek and Carolina Lara, representatives from Duek & Lara Group at ONE Sotheby's International Realty.
Summary of Transaction Details
- Property Type: Single-Family Home
- Transaction Amount: $4,500,000
- Address: 545 Hampton Lane, Key Biscayne
- Market: Key Biscayne
The transaction involved the expertise and assistance of Andre Duek and Carolina Lara, brokers from the Duek & Lara Group at ONE Sotheby's International Realty. Their extensive knowledge of the Key Biscayne market likely contributed to the successful sale of this property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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