Robert Burns Acquires Pinecrest SFR From Leonardo Urdaneta For $5M
5946 Southwest 108th Street, Pinecrest, Florida 33156, United States
$5,000,000
$857/SF
Building Size
5,832 SF
Asset Type
Single Family Residence
Closing
May 5, 2022
AI
Located in Pinecrest, this single-family residential property at 5946 SW 108th St recently changed hands in a closed transaction. The property features a total of 5,832 square feet and sold for a price of $5,000,000. With a price per square foot of $857, this sale showcases the desirability of the Pinecrest market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,000,000
- Address: 5946 SW 108th St
- Market: Pinecrest
The buyer, Robert Burns, acquired the property from the seller, Leonardo Urdaneta. The transaction was facilitated with the assistance of Mariana Garber from Coldwell Banker, Joseph Botbol from Premier Global Brokers, and Brandon Harnick from Bmore Group. Their expertise and negotiation skills were instrumental in closing this residential sale in Pinecrest.
Players
Pinecrest Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93