Remax Acquires Marco Island Condo For $3.725M
SOLD
$3,725,000
Florida
See Similar DealsCondo3,268 SF
Sold 08/25/2023
SOLD
Remax Acquires Marco Island Condo For $3.725M
940 Cape Marco Drive
See Similar DealsCondo3,268 SF
Sold 08/25/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,139
Total Square Footage:3,268 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$198,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,234.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,658.40
Annual Debt Service$211,900.80
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