305 Degrees Realty Acquires SFR On North Bay Road For $2.75M
5725 North Bay Road, Miami Beach, Florida 33140, United States
$2,750,000
$747/SF
Building Size
3,679 SF
Asset Type
Single Family Residence
Closing
Mar 23, 2022
AI
An SFR located at 5725 N Bay Rd in North Bay Road, Miami Beach has been sold for $2,750,000. The property spans 3,679 square feet, resulting in a price per square foot of $747. The transaction took place on March 24, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,750,000
- Address: 5725 N Bay Rd, Miami Beach
- Market: North Bay Road
The buyer's representative in this sale was Evan Weiss from 305 Degrees Realty, while the seller's representative was Luciana Barreto from Compass.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93