Douglas Elliman Acquires SFR In Miami's Matheson Avenue For $14M
SOLD
$14,000,000
Florida
See Similar DealsSingle Family6,737 SF
Sold 08/23/2023
SOLD
Douglas Elliman Acquires SFR In Miami's Matheson Avenue For $14M
3648 Matheson Avenue
See Similar DealsSingle Family6,737 SF
Sold 08/23/2023
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,078
Total Square Footage:6,737 SF
Transaction Type:Sale
A single-family residential property located at 3648 Matheson Avenue in Miami has been sold for a price of $14,000,000. The property spans a total area of 6,737 square feet and is valued at $2,078 per square foot.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $14,000,000
- Address: 3648 Matheson Avenue
- Market: Miami
- Square Footage: 6,737
- Price per Square Foot: $2,078
The seller of the property is ECI Matheson, represented by Manuel Mato and Luis Perez. On the buyer's side, Jaclyn Bild, a representative from Douglas Elliman, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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