David Kingen Purchases Single Family Residence In North Miami For $11.675M With Compass Representatives
SOLD
Florida
See Similar DealsSingle Family Residence5,671 SF
Sold 03/06/2025
SOLD
David Kingen Purchases Single Family Residence In North Miami For $11.675M With Compass Representatives
1995 Northeast 118th Road
See Similar DealsSingle Family Residence5,671 SF
Sold 03/06/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,058
Total Square Footage:5,671 SF
Transaction Type:Sale
The property involved in this transaction is a Single Family Residence located at 1995 Northeast 118th Road in North Miami. The residence spans a total of 5,671 square feet and was sold for $11,675,000.00.
Summary of transaction details:
- Property Type: Single Family Residence
- Transaction Amount: $11,675,000.00
- Address: 1995 Northeast 118th Road
- Market: North Miami
- Square Footage: 5,671.0
- Buyer: David Kingen
- Seller: David and April Reimer
- Buyer's Representative: Ali Seid (Compass)
- Seller's Representatives: Chad Carroll (Compass), Matthew Dugow (Compass)
In this transaction, the buyer, David Kingen, was represented by Ali Seid of Compass, while the sellers, David and April Reimer, were represented by Chad Carroll and Matthew Dugow, also from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$622,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,478.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,345.46
Annual Debt Service$664,145.48
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