Michael Wiesenfeld Acquires SFR In Miami Beach For $2.65M
SOLD
$2,650,000
Florida
See Similar DealsSingle Family Residence2,512 SF
Sold 03/31/2022
SOLD
Michael Wiesenfeld Acquires SFR In Miami Beach For $2.65M
685 South Shore Drive, Miami Beach, Florida 33141, United States
See Similar DealsSingle Family Residence2,512 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,054
Total Square Footage:2,512 SF
Transaction Type:Sale
A Single Family Residential property located at 685 S Shore Dr in Miami Beach has been sold. The property, with a total area of 2,512 square feet, was sold for a price of $2,650,000, resulting in a price per square foot of $1,055. The transaction took place on March 31, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,650,000
- Square Footage: 2,512
- Address: 685 S Shore Dr, Miami Beach
The seller of the property was Craig Truen. Michael Wiesenfeld represented the buyer in the transaction, while Jaime Blatt, from ONE Sotheby's International Realty, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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