SOLDSingle Family
Kevin Love Acquires $9.5M Coconut Grove Spec Home Via Morgan Stanley Financing
$9,500,000
$1,484/SF
Building Size
6,400 SF
Asset Type
Single Family
Closing
Jan 5, 2024
AI
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $9,500,000
- Market: Coconut Grove
- Asset Type: Single Family
- Buyer: Kate Love & Kevin Love
- Seller: Carlos Fontecilla & Justin Drexler
- Brokers: Brett Eaglstein & Eli Faitelson - Compass
- Lender: Morgan Stanley
- Square Footage: 6,400
- Price per Square Foot: $1,484
Players
Market 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93