Simon Fadel Sells Miami SFR For $6.9M With Liz Hogan - Compass
SOLD
Florida
See Similar DealsSingle Family Residence8,856 SF
Sold 03/15/2023
SOLD
Simon Fadel Sells Miami SFR For $6.9M With Liz Hogan - Compass
8505 Sw 53 Ave
See Similar DealsSingle Family Residence8,856 SF
Sold 03/15/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$779
Total Square Footage:8,856 SF
Transaction Type:Sale
Located at 8505 SW 53rd Ave in Miami, this single-family home (SFR) was recently sold for $6,900,000. With a size of 8,856 square feet, the property boasts a price per square foot (PPSF) of $779.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $6,900,000
- Square Footage: 8,856
- Price per Square Foot: $779
- Seller: Simon Fadel
- Broker: Liz Hogan - Compass
Liz Hogan from Compass represented Simon Fadel in this sale transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24
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