Ashish Khamkar And Rashmi Nagwekar Acquire Single Family Home In Porter Ranch For $2.825M
SOLD
California
See Similar DealsSingle Family Residence5,575 SF
Sold 09/16/2024
SOLD
Ashish Khamkar And Rashmi Nagwekar Acquire Single Family Home In Porter Ranch For $2.825M
20156 Galway Lane
See Similar DealsSingle Family Residence5,575 SF
Sold 09/16/2024
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.
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Deal Type
30 years
10 years
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
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