Juliana Castro Of Compass Florida LLC Facilitates $4.75M Sale In Bay Point Estates
SOLD
$4,750,000
Florida
See Similar DealsSingle Family Residence4,256 SF
Sold 06/17/2022
SOLD
Juliana Castro Of Compass Florida LLC Facilitates $4.75M Sale In Bay Point Estates
641 Sabal Palm Road, Miami, Florida 33137, United States
See Similar DealsSingle Family Residence4,256 SF
Sold 06/17/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,116
Total Square Footage:4,256 SF
Transaction Type:Sale
A gorgeous single-family home located at 641 Sabal Palm Rd in Bay Point Estates, Miami, was recently sold. The property, spanning 4,256 square feet, was sold by Thomas Morgan with the assistance of Julianna Castro from Compass Florida LLC. The sale price was $4,750,000, below the initial asking price of $5,300,000, at a price per square foot of $1,116.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,750,000
- Address: 641 Sabal Palm Rd
- Market: Bay Point Estates, Miami
Julianna Castro from Compass Florida LLC represented both the buyer and seller in this real estate transaction, showcasing her expertise and effectiveness in facilitating successful deals within the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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