Nerlens Noel Acquires SFR In Spring Garden, Miami For $804.5K
NW 7th St, Spring Garden, Miami, FL, USA
$804,500
$308/SF
Building Size
2,608 SF
Asset Type
Single Family Residence
Closing
Nov 2, 2021
AI
The property involved in this closed transaction is a single-family home located at 823 NW 7th St Rd in the Spring Garden neighborhood of Miami. The property spans 2,608 square feet and was sold for a price of $804,500, resulting in a price per square foot of $308. The sale took place on November 2, 2021. The transaction involved the buyer, Nerlens Noel, and the sellers, David Lacey and Andrew Halloran.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $804,500
- Date: 11/02/2021
- Address: 823 NW 7th St Rd
- Market: Spring Garden, Miami
Representing the buyer, Nerlens Noel, was Neal Klotsman from Douglas Elliman. On the seller's side, Jackson Keddell from The Miami Experts acted as the representative. It is worth noting that this sale was an investment property.
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
19.72%
Cash-on-Cash
-5.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93