Sam Schwartz & Susan Schwartz Acquire Vacant Residential Property In Fort Lauderdale For $3.1M
SOLD
$3,148,000
Florida
See Similar Deals3,540 SF
Sold 11/18/2021
SOLD
Sam Schwartz & Susan Schwartz Acquire Vacant Residential Property In Fort Lauderdale For $3.1M
10622 SW 53rd St, Fort Lauderdale, Florida, USA
See Similar Deals3,540 SF
Sold 11/18/2021
Summary
FLORIDA
Price Per Square Foot:$889
Total Square Footage:3,540 SF
Transaction Type:Sale
The vacant residential property located at 10622 SW 53rd St in Fort Lauderdale, FL was sold on November 18, 2021. The property has a total square footage of 3,540, resulting in a price per square foot of $889. The transaction took place between the buyers, Sam Schwartz and Susan Schwartz, and the seller, Royal Estates Of Cooper City LLC. The sale price for the property was $3,148,000.
Summary of transaction details:
- Property Type: Vacant Residential
- Transaction Amount: $3,148,000
- Square Footage: 3,540
- Price Per Square Foot: $889
- Buyer: Sam Schwartz; Susan Schwartz
- Seller: Royal Estates Of Cooper City LLC
- Market: Fort Lauderdale, FL
This transaction involved Sam Schwartz and Susan Schwartz as the buyers and Royal Estates Of Cooper City LLC as the seller. The property is located in Fort Lauderdale, FL. This successful sale reflects the ongoing activity and demand in the real estate market in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$167,893.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,184.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,923.13
Annual Debt Service$179,077.51
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