Andrew Dumke – CloudBreak Capital Acquires SFR In Fort Lauderdale For $7.3M
SOLD
California
See Similar DealsSingle Family Residence81,200 SF
Sold 10/19/2020
SOLD
Andrew Dumke – CloudBreak Capital Acquires SFR In Fort Lauderdale For $7.3M
2501 Delmar Pl, Fort Lauderdale, Fl 33301, Usa
See Similar DealsSingle Family Residence81,200 SF
Sold 10/19/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$89
Total Square Footage:81,200 SF
Transaction Type:Sale
A single-family residential property located at 2501 Delmar Place in Fort Lauderdale has recently sold for $7,300,000. The property spans across 8,120 square feet, resulting in a price per square foot of $899.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,300,000
- Address: 2501 Delmar Place
- Market: Fort Lauderdale
The buyer of the property is Andrew Dumke, representing CloudBreak Capital. The seller of the property is Mike Napoli. Jonathan Postma, from Coldwell Banker, acted as the buyer's representative, while Kim Hackett, from Compass, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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