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Oren Alexander & Tal Alexander's Team Acquires Single Family Home On Hibiscus Ln In Miami For $4.5M

Property Image
SOLD
$4,500,000
Tal Alexander
Oren Alexander
+ 1

Florida

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Single Family Residence3,805 SF
Sold 12/22/2021
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Property Image
SOLD

Oren Alexander & Tal Alexander's Team Acquires Single Family Home On Hibiscus Ln In Miami For $4.5M

597 Hibiscus Lane, Miami, FL 33137

See Similar Deals
Single Family Residence3,805 SF
Sold 12/22/2021
Tal Alexander
Oren Alexander
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,182
Total Square Footage:3,805 SF
Transaction Type:Sale

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

Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER

Tal Alexander
Official
83 deals$1.8B volume(212) 951-0071
BROKER

Julianna Castro
Compass
15 deals$96.1M volume(305) 978-0977
BROKER

Liora Rahimi
Douglas Elliman
3 deals$18.6M volume
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Julianna Castro, Oren Alexander, Tal Alexander & Liora Rahimi DATE: 12/22/2021 ADDRESS: 597 Hibiscus Ln MARKET: Miami ASSET TYPE: Single Family BUYER'S REP: Liora Rahimi, Oren Alexander & Tal Alexander - Douglas Elliman SELLER'S REP: Julianna Castro - Compass SALE PRICE: $4,500,000 SF: 3,805 ~ PPSF: $1,182

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55