Updated Dec 4, 2024
Edison Pulaha Facilitates 8.5-Month Lease For SFR On East Star Island Drive In Miami Beach
34 East Star Island Drive
$150,000
$150,000/SF
Building Size
9,945 SF
Asset Type
Single Family
Closing
Aug 15, 2023
About this deal
AI
A single-family home located at 34 East Star Island Drive in Miami Beach has recently been leased. This property, with a size of approximately 9,945 square feet, is being leased for a monthly rent of $150,000. The lease term for this property is set at 8.5 months.
Summary of transaction details
- Property Type: Single Family Residential (SFR)
- Asking Rent: $150,000/Month
- Square Footage: 9,945
- Lease Term: 8.5 months
- Address: 34 East Star Island Drive, Miami Beach
- Broker: Edison Pulaha - Interealty Exchange
Edison Pulaha from Interealty Exchange represented the parties involved in the lease transaction. With his expertise, he facilitated the successful leasing of this property, ensuring both parties reached a satisfactory agreement.
Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105.75%
Cash-on-Cash
-30.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93