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34 East Star Island Drive

Edison Pulaha Facilitates 8.5-Month Lease For SFR On East Star Island Drive In Miami Beach
LEASEDSingle Family

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

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

Edison Pulaha

Broker

3 deals

Broker

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