Julio Mitrani Sells Single Family Home In Miami Beach For $2.2M
SOLD
$2,200,000
Florida
See Similar DealsSingle Family2,687 SF
Sold 03/05/2024
SOLD
Julio Mitrani Sells Single Family Home In Miami Beach For $2.2M
1610 Cleveland Road
See Similar DealsSingle Family2,687 SF
Sold 03/05/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$818
Total Square Footage:2,687 SF
Transaction Type:Sale
The single-family property located at 1610 Cleveland Road in Miami Beach was sold by Julio Mitrani. The transaction was facilitated by broker Yohan Chemla from LIV Group Real Estate, with a sale price of $2,200,000. The property spans 2,687 square feet, resulting in a price per square foot of $819.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,200,000
- Address: 1610 Cleveland Road
- Market: Miami Beach
Yohan Chemla served as the broker representing Julio Mitrani in this property sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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