Updated Sep 5, 2024
Jay Wolter Acquires Miami SFR For $1.9M With Buyer's Rep Jordan Karp & Seller's Rep Pablo Falcon
8605 Sw 56 St
$1,900,000
$539/SF
Building Size
3,525 SF
Asset Type
Single Family Residence
Closing
Mar 24, 2023
About this deal
AI
The property involved in this transaction is a single-family home located at 8605 SW 56th St in Miami. The property spans over an area of 3,525 square feet. The sale price for this property was $1,900,000, resulting in a price per square foot of $539.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,900,000
- Square Footage: 3,525
- Address: 8605 SW 56th St, Miami
- Market: Miami
The buyer in this transaction is Jay Wolter, while the seller is Julia Estela Marina. Jordan Karp, representing Jordan Karp LLC, served as the buyer's representative, and Pablo Falcon, representing Pioneer Invts Enterprises Inc, was the seller's representative.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $539 per square foot on a published $1.9M for 3,525 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93