Felicia Zippilli Hinrichs & James F Hinrichs Acquire Other Vacant Property In Palm Beach Gardens For $6.05M
SOLD
$6,050,000
Florida
See Similar DealsOther
Sold 04/05/2022
SOLD
Felicia Zippilli Hinrichs & James F Hinrichs Acquire Other Vacant Property In Palm Beach Gardens For $6.05M
12980 Hammock Crossing, Palm Beach Gardens, Florida 33418, United States
See Similar DealsOther
Sold 04/05/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
An other vacant property located at 12980 Hammock Xing in Palm Beach Gardens, FL was recently sold on 04/05/2022. The property was sold for a price of $6,050,000.
Summary of transaction details:
- Property Type: Other Vacant
- Transaction Amount: $6,050,000
- Address: 12980 Hammock Xing, Palm Beach Gardens, FL
- Market: Palm Beach Gardens, FL
The buyers of the property were Felicia Zippilli Hinrichs & Jim Hinrichs, while the sellers were Daniel Stewart, Daryl Stewart & Blake L Stewart.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04
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