Jarett Ditch Acquires SFR In Miami For $1.625M From Seller Rep Bianca Guevara & Wesley Ullloa - Luxe Properties
6961 Southwest 62nd Street, Miami, FL, USA
$1,625,000
$565/SF
Building Size
2,875 SF
Asset Type
Single Family Residence
Closing
Oct 18, 2020
AI
A single-family residential property located at 6961 Southwest 62nd Street in Miami was recently sold. The transaction took place on October 19, 2020. The property has a living area of 2,875 square feet and sits on a lot measuring 26,920 square feet. The sale price was $1,625,000, resulting in a price per square foot of $565 for the living area and $60 for the lot.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $1,625,000
- Asking Price: $1,675,000
- Square Feet (Living Area): 2,875
- Price per Square Foot (Living Area): $565
- Lot Square Feet: 26,920
- Price per Square Foot (Lot): $60
The buyer of the property is Jarett Ditch. The seller is Lizette Vlae. Representing the seller in this transaction were Bianca Guevara and Wesley Ullloa from Luxe Properties. The buyer was represented by Andrea Viana from Compass.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93