Maxwell E Realty Inc Represents Buyer In $9.1M Sale Of Miami Beach Single Family Home
SOLD
Florida
See Similar DealsSingle Family3,558 SF
Sold 08/20/2021
SOLD
Maxwell E Realty Inc Represents Buyer In $9.1M Sale Of Miami Beach Single Family Home
Miami Beach, FL, USA
See Similar DealsSingle Family3,558 SF
Sold 08/20/2021
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,557
Total Square Footage:3,558 SF
Transaction Type:Sale
A single-family property in Miami Beach has been sold for $9,100,000. The property spans 3,558 square feet, resulting in a price per square foot of $2,559. The sale was finalized on 08/20/2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,100,000
- Square Footage: 3,558
- Price per Square Foot: $2,559
- Sale Date: 08/20/2021
The sellers of the property were Michelle Simkins and Matthew Sidman of Three Bays Capital, while the buyer's representative was Ryan Mendell from Maxwell E Realty Inc. On the seller's side, Nancy Batchelor and Simone Weissman of BHHS EWM Realty served as the representatives in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$485,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,138.64
Annual Debt Service$517,663.71
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