Dream Finders Homes Acquires 115.5 Acres Of Land In Apopka For $10.3M
SOLD
$10,300,000
Florida
See Similar DealsSold 09/12/2022
SOLD
Dream Finders Homes Acquires 115.5 Acres Of Land In Apopka For $10.3M
4338 Ondich Road, Apopka, Florida 32712, United States
See Similar DealsSold 09/12/2022
Summary
FLORIDA
Transaction Type:Sale
The property involved in this transaction is a land located at 4338 Ondich Rd in Apopka. It spans across 115.5 acres. The sale of this land took place on 09/12/2022.
Summary of transaction details:
- Property Type: Land
- Sale Price: $10,300,000
- Address: 4338 Ondich Rd, Apopka
- Market: Apopka
- Acres: 115.5
The buyer in this transaction is DFC Kelly Park LLC, represented by Steven Thorp from Dream Finders Homes. The seller, on the other hand, is GAlvin Land Services LLC & Kelly Park Land Investments LLC, with Mike Galvin as their representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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