Jeremy Morton Acquires SFR In Miami Beach For $5.3M
SOLD
$5,300,000
Florida
See Similar DealsSingle Family Residence3,194 SF
Sold 07/15/2020
SOLD
Jeremy Morton Acquires SFR In Miami Beach For $5.3M
5661 Pine Tree Drive, Miami Beach, FL 33140
See Similar DealsSingle Family Residence3,194 SF
Sold 07/15/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,659
Total Square Footage:3,194 SF
Transaction Type:Sale
A single-family home located at 5661 Pine Tree Drive in Miami Beach has been sold in a recent transaction. The property, which was listed for sale, was purchased for a sale price of $5,300,000. The home spans a total area of 3,194 square feet, resulting in a price per square foot of $1,659. The sale took place on July 15, 2021.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,300,000
- Address: 5661 Pine Tree Drive, Miami Beach
- Market: Miami Beach
The buyer of the property is Jeremy Morton, while the seller is Lori Karen Shore Shiller. The transaction was facilitated by Selen Arditi from the Arditi Realty Group.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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