Updated Dec 4, 2024
Alejandra K. Ordaz-Zeron And Diana G. Mora-Velaquez Purchase Miami Beach Single Family Home For $2.6M
5978 Alton Road
$2,600,000
$766/SF
Building Size
3,392 SF
Asset Type
Single Family
Closing
Aug 2, 2024
About this deal
AI
The property asset involved in this transaction is a single-family home located at 5978 Alton Road in the Miami Beach market. The sale price for the property was $2,600,000, and it encompasses a total square footage of 3,392, resulting in a price per square foot of $766.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,600,000
- Address: 5978 Alton Road
- Market: Miami Beach
- Square Footage: 3,392
- Price per Square Foot: $766
- Buyer's Representative: Luis Gerardo Vazquez
- Seller's Representatives: Alyssa Morgan & Jasmin Brackett - The Inside Network
The deal featured the expertise of Luis Gerardo Vazquez representing the buyer, while the sellers were represented by Alyssa Morgan and Jasmin Brackett from The Inside Network. This collaboration facilitated the seamless execution of the transaction on August 2, 2024.
On the Map
$2,600,000
$766/SF
Single Family
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Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $766 per square foot on a published $2.6M for 3,392 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93