Wendy Sanchez Acquires SFR In Shorecrest, Miami For $6.2M
994 Northeast 78th Street, Miami, Florida 33138, United States
$6,200,000
$1,904/SF
Building Size
3,255 SF
Asset Type
Single Family Residence
Closing
May 30, 2022
AI
The closed property transaction in Shorecrest, Miami involved the sale of a single-family residence located at 994 NE 78th St. The property spans 3,255 square feet and was sold for a price of $6,200,000, resulting in a cost per square foot of $1,905.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $6,200,000
- Market: Shorecrest, Miami
- Buyer's Representative: Wendy Sanchez - Charles Rutenberg
- Seller's Representative: Larry Shinbaum - Luxuri International Real Estate
Wendy Sanchez from Charles Rutenberg represented the buyer in the transaction, while Larry Shinbaum from Luxuri International Real Estate represented the seller. These individuals played a crucial role in facilitating the deal and ensuring a successful transaction for both parties.
Players
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93