Karim Georges Acquires Palmetto Bay SFR For $1.2M With Lifestyle International Realty's Reps
SOLD
$1,200,000
Florida
See Similar DealsSingle Family Residence2,270 SF
Sold 06/14/2022
SOLD
Karim Georges Acquires Palmetto Bay SFR For $1.2M With Lifestyle International Realty's Reps
8300 Southwest 150th Drive, Palmetto Bay, Florida 33158, United States
See Similar DealsSingle Family Residence2,270 SF
Sold 06/14/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$528
Total Square Footage:2,270 SF
Transaction Type:Sale
The property involved in this closed transaction is a single-family residential (SFR) located at 8300 SW 150th Dr in Palmetto Bay. The sale took place on June 14, 2022.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $1,200,000
- Address: 8300 SW 150th Dr
- Market: Palmetto Bay
The buyer of the property was Karim Georges, while Juan C Abelairas and Tamara Abelairas served as the sellers. The brokers involved in the deal were George Canciobello, Richard Mendez, and Bernardo Davila from Lifestyle International Realty.
The property spans across 2,270 square feet, resulting in a price per square foot (PPSF) of $529.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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