Compass Florida Acquires Miami Beach SFR On Rivo Alto Dr For $6.7M
SOLD
$6,700,000
Florida
See Similar DealsSingle Family Residence40,920 SF
Sold 08/21/2020
SOLD
Compass Florida Acquires Miami Beach SFR On Rivo Alto Dr For $6.7M
248 W Rivo Alto Dr
See Similar DealsSingle Family Residence40,920 SF
Sold 08/21/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$163
Total Square Footage:40,920 SF
Transaction Type:Sale
The property at 248 W Rivo Alto Dr in Miami Beach has been sold for $6,700,000. It is a single-family residence with a total area of 4,092 square feet. The price per square foot for this transaction was $1,637.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,700,000
- Address: 248 W Rivo Alto Dr
- Market: Miami Beach
- Size: 4,092 SF
- Price per Square Foot: $1,637
- Brokers: Mathieu Rochette & David Sherman – Compass Florida, LLC
The sale of the property was facilitated by Mathieu Rochette and David Sherman, who represented the parties involved in the deal on behalf of Compass Florida, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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