Cody Ko & Kelsey Kreppel Acquire Malibu SFR For $3.7M
SOLD
California
See Similar DealsSingle Family Residence1,411 SF
Sold 01/06/2022
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$2,622
Total Square Footage:1,411 SF
Transaction Type:Sale
Cody Ko and Kelsey Kreppel have purchased a single-family residential property in Malibu. The property was sold for $3,700,000 and spans 1,411 square feet. With a price per square foot of $2,622, this transaction highlights the value and desirability of the Malibu market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,700,000
- Market: Malibu
Kathy Ellis from Coldwell Banker and Rick Tyberg from Douglas Elliman represented the buyers, Cody Ko and Kelsey Kreppel, in this transaction. Their expertise and guidance ensured a successful deal for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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