Vera & Eugene Loftin Acquire Fort Lauderdale Condo On N. Ocean Blvd. For $1.85M
SOLD
$1,849,000
Florida
See Similar Deals2,623 SF
Sold 03/25/2022
SOLD
Vera & Eugene Loftin Acquire Fort Lauderdale Condo On N. Ocean Blvd. For $1.85M
2110 North Ocean Boulevard, Fort Lauderdale, Florida 33305, United States
See Similar Deals2,623 SF
Sold 03/25/2022
Summary
FLORIDA
Price Per Square Foot:$704
Total Square Footage:2,623 SF
Transaction Type:Sale
2110 N. Ocean Blvd. in Fort Lauderdale was recently sold for $1,849,000. This property is a condo with a size of 2,623 square feet. The sale price per square foot was $705. The transaction took place on March 25, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,849,000
- Address: 2110 N. Ocean Blvd., Fort Lauderdale
- Square Footage: 2,623
The buyer of this condo was Vera & Eugene Loftin. They were represented by Vickie Arcuri from Coldwell Banker. The seller, Donna & John D'Eri, had their property listed by Andrea Patnik from Better Homes and Gardens RE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,613.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,569.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,765.20
Annual Debt Service$105,182.44
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