Andrew Reid Acquires Brentwood SFR For $6.9M From Seller Devin Clark - HF Estates Brokers
SOLD
$6,875,000
California
See Similar DealsSingle Family Residence6,500 SF
Sold 06/03/2022
SOLD
Andrew Reid Acquires Brentwood SFR For $6.9M From Seller Devin Clark - HF Estates Brokers
304 South Gretna Green Way
See Similar DealsSingle Family Residence6,500 SF
Sold 06/03/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,057
Total Square Footage:6,500 SF
Transaction Type:Sale
The recently closed property transaction in Brentwood involved a 6,500 square foot single-family residence located at 304 S. Gretna Green Way. The property was sold for a total of $6,875,000, resulting in a price per square foot of $1,057. The transaction took place on 06/03/2022.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $6,875,000
- Market: Brentwood
- Address: 304 S. Gretna Green Way
The buyer of the property was Andrew Reid, while the seller was Devin Clark. Representing the buyer and seller in this transaction were Jack Harris and Michael Fahimian from HF Estates.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$366,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,425.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,591.01
Annual Debt Service$391,092.09
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