Steve & Elizabeth Rosenberg Acquire $3.25M Marco Island Condo From Melvin Douglas & Laurie R Willerding, Represented By Chris Sullivan - Re/Max
SOLD
$3,250,000
Florida
See Similar DealsCondo4,694 SF
Sold 01/09/2024
SOLD
Steve & Elizabeth Rosenberg Acquire $3.25M Marco Island Condo From Melvin Douglas & Laurie R Willerding, Represented By Chris Sullivan - Re/Max
970 Cape Marco Drive
See Similar DealsCondo4,694 SF
Sold 01/09/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$692
Total Square Footage:4,694 SF
Transaction Type:Sale
Located in Marco Island, this condo at 970 Cape Marco Drive recently changed hands in a closed transaction. The property spans 3,110 square feet, offering a spacious living area for its new owners. The sale price for this condo was $3,250,000, resulting in a price per square foot of $1,045.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,250,000
- Address: 970 Cape Marco Drive
- Market: Marco Island
Steve and Elizabeth Rosenberg purchased the condo from Melvin Douglas and Laurie R Willerding. Representing the sellers in this transaction was Chris Sullivan from Re/Max.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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