Rolando Delgado Acquires Modular/Mobile Homes In Homestead,FL From Sergio Pino For $6.5M
SOLD
Florida
See Similar DealsOther638,172 SF
Sold 02/08/2022
SOLD
Rolando Delgado Acquires Modular/Mobile Homes In Homestead,FL From Sergio Pino For $6.5M
601 Northeast 3rd Avenue, Homestead, Florida 33030, United States
See Similar DealsOther638,172 SF
Sold 02/08/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$10
Total Square Footage:638,172 SF
Transaction Type:Sale
Rolando Delgado has purchased the modular/mobile homes located at 601 NW 3rd Ave in Homestead, FL from Sergio Pino. The transaction took place on February 8, 2022, with a sale price of $6,500,000.
Summary of transaction details
- Property Type: Modular/Mobile Homes
- Transaction Amount: $6,500,000
- Address: 601 NW 3rd Ave, Homestead, FL
- Market: Homestead, FL
Rolando Delgado acted as the buyer in this transaction, while Sergio Pino was the seller. Both parties successfully closed the deal, securing the purchase of the modular/mobile homes in Homestead, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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