Thomas Alfinito Acquires SFR In Ocean City From Brad Jungles For $1.95M
SOLD
$1,950,000
England
See Similar DealsSold 08/31/2022
SOLD
Thomas Alfinito Acquires SFR In Ocean City From Brad Jungles For $1.95M
255 North St
See Similar DealsSold 08/31/2022
Summary
Transaction Type:Sale
A single-family residence located at 255 North St in Ocean City has been sold in a recent transaction. The property was purchased by Thomas Alfinito from Brad Jungles for a sale price of $1,950,000. The house spans a total of 1,903 square feet, resulting in a price per square foot of $1,025.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $1,950,000
- Address: 255 North St, Ocean City
- Market: Ocean City
- Buyer: Thomas Alfinito
- Seller: Brad Jungles
The transaction was facilitated by the brokers representing both the buyer and the seller. Burton Wilkins, Burton Wilkins III, and Emily Wilkins of Goldcoast Sotheby's International Realty worked on behalf of both parties to ensure a smooth and successful deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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