Lorenz Boulos Acquires SFR In Baypoint, Miami For $5.8M
627 Sabal Palm Road, Miami, FL, USA
$5,825,000
$863/SF
Building Size
6,750 SF
Asset Type
Single Family Residence
Closing
Oct 22, 2021
AI
A single-family residence located at 627 Sabal Palm Rd in the Baypoint neighborhood of Miami has been sold in a recent off-market deal. The property features 7 bedrooms, 2 half baths, and spans a total of 6,750 square feet. The sale price for this transaction was $5,825,000, which is $1.5 million below its market value.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,825,000
- Address: 627 Sabal Palm Rd, Baypoint, Miami
- Market: Baypoint, Miami
- Broker: Lorenz Boulos - Colfax Realty
- Lender: United Lending - Victor Boulos
- Asking Price: $6,250,000
- Size: 6,750 square feet
- Price per Square Foot: $863
Lorenz Boulos of Colfax Realty represented the seller in this transaction. The financing for the purchase was provided by United Lending, with Victor Boulos serving as the lender. It is worth noting that this deal was completed below the property's market value, showcasing a favorable outcome for the buyer in a competitive market.
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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93