Oren Alexander & Tal Alexander's Team Acquires Single Family Home On Hibiscus Ln In Miami For $4.5M
597 Hibiscus Lane, Miami, FL 33137
$4,500,000
$1,182/SF
Building Size
3,805 SF
Asset Type
Single Family Residence
Closing
Dec 22, 2021
AI
Located in Miami at 597 Hibiscus Ln, this single-family property was recently sold in a closed transaction. The sale took place on December 22, 2021. With a total area of 3,805 square feet, the property offers ample space for its future owners. The sale price for this property was set at $4,500,000, resulting in a price per square foot of $1,182.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,500,000
- Market: Miami
Liora Rahimi, Oren Alexander, and Tal Alexander of Douglas Elliman acted as the buyer's representatives in this transaction, providing guidance and expertise to ensure a successful deal. On the other side, Julianna Castro represented the seller as a representative of Compass. These professionals played a vital role in facilitating the transaction and ensuring the satisfaction of both parties involved.
Players
Miami 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93