Coldwell Banker Residential Real Estate Acquires 2 Acres Of Land In Tierra Verde For $10.45M
SOLD
$10,450,000
Florida
See Similar DealsSold 08/04/2022
SOLD
Coldwell Banker Residential Real Estate Acquires 2 Acres Of Land In Tierra Verde For $10.45M
490 Laguna Drive, Tierra Verde, Florida 33715, United States
See Similar DealsSold 08/04/2022
Summary
FLORIDA
Transaction Type:Sale
The property involved in this transaction is a land located at 490 Laguna Drive - 501 Barcelona Drive in Tierra Verde. The land spans approximately 2 acres. The transaction took place on 08/04/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $10,450,000
- Market: Tierra Verde
Fallon Arnold and Jennifer Zales, both from Coldwell Banker Residential Real Estate, acted as brokers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$557,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,126.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,538.33
Annual Debt Service$594,459.98
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