Manny Machado Acquires SFR In Coral Gables For $7.2M
SOLD
$7,200,000
Florida
See Similar DealsSingle Family Residence74,110 SF
Sold 09/23/2020
SOLD
Manny Machado Acquires SFR In Coral Gables For $7.2M
9261 School House Rd, Coral Gables, FL 33156, USA
See Similar DealsSingle Family Residence74,110 SF
Sold 09/23/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$97
Total Square Footage:74,110 SF
Transaction Type:Sale
The property involved in the transaction is a Single Family Residential (SFR) located at 9261 School House Road in Coral Gables. The property has a total square footage of 7,411 and was sold for a price of $7,200,000, resulting in a price per square foot of $972.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,200,000
- Market: Coral Gables
- Address: 9261 School House Road
- Square Footage: 7,411
- Price per Square Foot: $972
The buyer in this transaction is Manny Machado. The seller is Mocca Construction Hammock Park LLC. The broker representing the seller is Diana Gutierrez from Mocca Realty, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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