Oguz Otay Acquires Single Family Home On Alton Road In Miami For $2.1M
SOLD
$2,100,000
Florida
See Similar DealsSingle Family2,115 SF
Sold 06/07/2024
SOLD
Oguz Otay Acquires Single Family Home On Alton Road In Miami For $2.1M
5301 Alton Road
See Similar DealsSingle Family2,115 SF
Sold 06/07/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$992
Total Square Footage:2,115 SF
Transaction Type:Sale
The single-family property located at 5301 Alton Road in Miami has been sold for $2,100,000. Spanning 2,115 square feet, the property was acquired by Oguz Otay from sellers Stalin Bharti & Hannele K. Bharti. The transaction was facilitated by Erman Adanir from Disruptive Real Estate.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,100,000
- SF: 2,115
- Price per SF: $993
- Address: 5301 Alton Road
- Market: Miami
Oguz Otay acted as the buyer in this deal, while Erman Adanir from Disruptive Real Estate served as the buyer's representative. The sellers were Stalin Bharti & Hannele K. Bharti, making this a significant transaction in the Miami real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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