Kevin Sanz Purchases Coral Gables Single Family Home From Ricardo Romano For $5.8 Million
SOLD
$5,800,000
Florida
See Similar DealsSingle Family Residence4,271 SF
Sold 01/10/2025
SOLD
Kevin Sanz Purchases Coral Gables Single Family Home From Ricardo Romano For $5.8 Million
7185 East Lago Drive
See Similar DealsSingle Family Residence4,271 SF
Sold 01/10/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,358
Total Square Footage:4,271 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 7185 East Lago Drive in Coral Gables. The sale price for the property was $5,800,000. The size of the home is 4,271 square feet, resulting in a price per square foot of $1,357.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,800,000
- Address: 7185 East Lago Drive
- Market: Coral Gables
- Square Footage: 4,271
- Price per Square Foot: $1,357
- Buyer: Kevin Sanz
- Seller: Ricardo Romano
- Buyer's Representative: Brandon Brugal - BZG International
- Seller's Representative: Lissette Garcia - One Sotheby's International Realty
Brandon Brugal represented the buyer, Kevin Sanz, in this transaction, while Lissette Garcia represented the seller, Ricardo Romano. Both representatives are affiliated with recognized agencies in the real estate market, facilitating the deal between the involved parties.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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