Michael & Elizabeth Brown Acquire SFR In Coral Gables For $7M
SOLD
$7,000,000
Florida
See Similar DealsSingle Family Residence5,910 SF
Sold 06/10/2022
SOLD
Michael & Elizabeth Brown Acquire SFR In Coral Gables For $7M
711 University Drive, Coral Gables, Florida 33134, United States
See Similar DealsSingle Family Residence5,910 SF
Sold 06/10/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,184
Total Square Footage:5,910 SF
Transaction Type:Sale
Located in Coral Gables, this single-family residence is situated at 711 University Dr. Spanning over 5,910 square feet, the property features a spacious layout. The transaction took place on 06/10/2022, with a sale price of $7,000,000, resulting in a price per square foot of $1,184.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,000,000
- Market: Coral Gables
- Address: 711 University Dr
- Square Footage: 5,910
The buyer of this property is Michael and Elizabeth Brown. Represented by Jill Penman from One Sotheby's International Realty, they secured a lucrative deal. On the other side, Jennifer Goldstein from Douglas Elliman represented the seller during the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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