Ray Newton III Acquires Single Family Home In Atherton For $22.5M
SOLD
$22,500,000
California
See Similar DealsSingle Family Residence
Sold 08/16/2022
SOLD
Ray Newton III Acquires Single Family Home In Atherton For $22.5M
54 Reservoir Road, Atherton, California 94027, United States
See Similar DealsSingle Family Residence
Sold 08/16/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 54 Reservoir Road in Atherton. The property sits on approximately 1 acre of land. The sale took place on August 16, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $22,500,000
- Date: 08/16/2022
- Address: 54 Reservoir Road
- Market: Atherton
- Asset Type: Single Family
- Acres: 1
The buyer in this transaction is Ray Newton III. The seller is Benchmark Builders.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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