Ralph Wayer Sells Single Family Home At 85 Northeast 50th Street For $2.6M
SOLD
Florida
See Similar DealsSingle Family Residence1,110 SF
Sold 05/13/2025
SOLD
Ralph Wayer Sells Single Family Home At 85 Northeast 50th Street For $2.6M
85 Northeast 50th Street
See Similar DealsSingle Family Residence1,110 SF
Sold 05/13/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,342
Total Square Footage:1,110 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family home located at 85 Northeast 50th Street in the Miami market. The property sold for $2,600,000, encompassing a total square footage of 1,110, which equates to a price per square foot of $2,342.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,600,000
- Address: 85 Northeast 50th Street
- Market: Miami
- Square Footage: 1,110
- Price per Square Foot: $2,342
- Seller: Ralph Wayer
- Brokers: Nancy Batchelor, Carolyn Batchelor & Hayden Trotter - Compass
In this transaction, the sellers were represented by brokers Nancy Batchelor, Carolyn Batchelor, and Hayden Trotter from Compass, highlighting the involvement of multiple professionals in facilitating the sale of the property.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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