James Zhuo Purchases Miami Single Family Home For $1.9M With Compass Brokers
SOLD
$1,900,000
Florida
See Similar DealsSingle Family Residence2,226 SF
Sold 07/05/2024
SOLD
James Zhuo Purchases Miami Single Family Home For $1.9M With Compass Brokers
655 Northeast 50th Terrace
See Similar DealsSingle Family Residence2,226 SF
Sold 07/05/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$853
Total Square Footage:2,226 SF
Transaction Type:Sale
The single-family property located at 655 Northeast 50th Terrace in Miami was sold for $1,900,000. Spanning 2,226 square feet, the property was acquired at a price per square foot of $854.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,900,000
- Buyer: James Zhuo
- Brokers: Nancy Batchelor, James Conley, & Ali Seid - Compass
Representing the buyer in this transaction was James Zhuo. Facilitating the deal were Nancy Batchelor, James Conley, and Ali Seid from Compass, the brokerage firm that played a pivotal role in the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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