305 Degrees Realty Acquires SFR On North Bay Road For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsSingle Family Residence3,679 SF
Sold
SOLD
305 Degrees Realty Acquires SFR On North Bay Road For $2.75M
5725 North Bay Road, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence3,679 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$747
Total Square Footage:3,679 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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