Joseph White Acquires Single Family Home In Miami For $5.3M
1734 South Bayshore Lane
Building Size
2,831 SF
Asset Type
Single Family
Closing
May 15, 2024
AI
Located at 1734 South Bayshore Lane in Miami, the single-family property was recently sold. The sale price was $5,300,000, which was slightly below the asking price of $5,900,000. Spanning 2,831 square feet, the property was sold at a price per square foot of $1,872.13.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,300,000
- Buyer: Joseph White - Becker Boards
- Buyer's Rep: Casey Hoffman - Fairlead Realty
- Seller's Rep: Felise Eber & Jill Eber - Coldwell Banker
Casey Hoffman from Fairlead Realty represented the buyer, Joseph White, in this transaction. On the other side, the seller's representatives were Felise Eber and Jill Eber from Coldwell Banker. The deal involved multiple parties working together to ensure a successful property transfer in the Miami market.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93