Remax Acquires Marco Island Condo For $3.725M
940 Cape Marco Drive
$3,725,000
$1,139/SF
Building Size
3,268 SF
Asset Type
Condo
Closing
Aug 25, 2023
About this deal
AI
A spacious condo located at 940 Cape Marco Drive in Marco Island has been recently sold. The property is a condo with a total square footage of 3,268. The sale price for this condo was $3,725,000, resulting in a price per square foot of $1,140.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,725,000
- Square Footage: 3,268
- Address: 940 Cape Marco Drive, Marco Island
The seller of this condo was Terina J. Chase. The sale was facilitated by Chris Sullivan, a representative from Remax. Chris Sullivan acted as the seller's representative in this deal.
On the Map
$3,725,000
$1,139/SF
Condo
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Market Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93