Patti Davis Acquires Santa Monica SFR For $3.5M
SOLD
$3,500,000
California
See Similar DealsSingle Family Residence1,732 SF
Sold 02/20/2022
SOLD
Patti Davis Acquires Santa Monica SFR For $3.5M
Single Family Residence1,732 SF
Sold 02/20/2022
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$2,020
Total Square Footage:1,732 SF
Transaction Type:Sale
A single-family home located in Santa Monica was recently sold for $3,500,000. The property spans 1,732 square feet with a price per square foot of $2,020. The transaction took place on February 21, 2022.
Summary of Transaction Details:
- Property Type: SFR
- Transaction Amount: $3,500,000
Patti Davis, the daughter of Ronald and Nancy Reagan, purchased the property. Her role in the transaction was that of the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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