Brent Harris Sells Palm Springs SFR For $13.06M Through Gerard Bisignano - Vista Sotheby’s International Realty
SOLD
$715,000
California
See Similar DealsSingle Family Residence
Sold 01/14/2022
SOLD
Brent Harris Sells Palm Springs SFR For $13.06M Through Gerard Bisignano - Vista Sotheby’s International Realty
Palm Springs, California, United States
See Similar DealsSingle Family Residence
Sold 01/14/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Transaction Type:Sale
The recently closed property transaction in Palm Springs involved the sale of a single-family residence (SFR) for a price of $13,060,000. The seller, Brent Harris, worked with broker Gerard Bisignano from Vista Sotheby’s International Realty.
Summary of transaction details
- Property Type: Single-family residence (SFR)
- Transaction Amount: $13,060,000
- Market: Palm Springs
In this deal, Brent Harris successfully sold his SFR in Palm Springs for $13,060,000. The transaction was facilitated by Gerard Bisignano, a representative from Vista Sotheby’s International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$38,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,540.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,389.46
Annual Debt Service$40,673.58
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