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Ashish Khamkar And Rashmi Nagwekar Acquire Single Family Home In Porter Ranch For $2.825M

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SOLD
$2,825,000

California

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Single Family Residence5,575 SF
Sold 09/16/2024
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Property Image
SOLD

Ashish Khamkar And Rashmi Nagwekar Acquire Single Family Home In Porter Ranch For $2.825M

20156 Galway Lane

See Similar Deals
Single Family Residence5,575 SF
Sold 09/16/2024
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$506
Total Square Footage:5,575 SF
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 20156 Galway Lane in the Porter Ranch market. It was sold for $2,825,000, offering a total of 5,575 square feet, which equates to a price per square foot of $506.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,825,000
  • Address: 20156 Galway Lane
  • Market: Porter Ranch
  • Square Footage: 5,575
  • Price Per Square Foot: $506
  • Buyer: Ashish Khamkar & Rashmi Nagwekar
  • Seller: Wei Du & Menghan Wu
  • Buyer's Representative: Robin Gaur - Forward One Real Estate
  • Seller's Representative: Meiling Wan - Signature One Realty Group Inc

The buyer's representative, Robin Gaur from Forward One Real Estate, successfully negotiated a reduction of $275,000 off the asking price, indicating a strategic advantage in the negotiation process for the buyers during this transaction.

Players

Robin Gaur
1 deal$2.8M volume(818) 836-8337
BROKER

Meiling (Mina) Wan
Signature One Realty Group
1 deal$2.8M volume(909) 300-8888
BROKER

Details

SOLD
IMAGE: Robin Gaur DATE: 09/16/2024 ADDRESS: 20156 Galway Lane MARKET: Porter Ranch ASSET TYPE: Single Family BUYER: Ashish Khamkar & Rashmi Nagwekar SELLER: Wei Du & Menghan Wu BUYER'S REP: Robin Gaur (@RobinKGaur) - Forward One Real Estate (@ForwardOneRealEstate) SELLER'S REP: Meiling Wan (@Mina_Wan) - Signature One Realty Group Inc SALE PRICE: $2,825,000 SF: 5,575 ~ PPSF: $506 NOTE FROM BROKER: Buyer’s Agent (Robin Gaur) negotiated $275,000 off asking price!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$150,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29