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9881 Southwest 68th Street,...

Adolfo Navas Acquires Miami SFR From Michael Rodriguez & Elizabeth Rodriguez For $5M
SOLDSingle Family Residence

Adolfo Navas Acquires Miami SFR From Michael Rodriguez & Elizabeth Rodriguez For $5M

9881 Southwest 68th Street, Miami, Florida 33173, United States

$5,000,000

$752/SF

Building Size

6,649 SF

Asset Type

Single Family Residence

Closing

Jul 17, 2022

AI

Annette Balestra, a real estate professional from Luxe Properties, represented Adolfo Navas in the purchase of a single-family home located at 9881 SW 68th St in Miami. The property, with a total area of 6,649 square feet, was sold by Michael and Elizabeth Rodriguez. The transaction took place on July 18, 2022, for a sale price of $5,000,000, resulting in a price per square foot of $752.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $5,000,000
  • Address: 9881 SW 68th St, Miami
  • Market: Miami
  • Asset Type: Single-Family Home

This transaction was facilitated by Annette Balestra from Luxe Properties, who represented Adolfo Navas in the purchase. She played a pivotal role in ensuring a successful deal between the parties involved.

Players

Annette Balestra

Luxe Properties

Broker

$6.3M

vol

2 deals

Broker

Adolfo Navas

Buyer

$11.8M

vol

3 deals

Buyer

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93