Updated Dec 20, 2023
Nellie Ruth Kay And Ravi Kumar Moparty Acquire Single Family Property In Delray Beach, FL For $8.7M
1003 Rhodes Villa Ave, Delray Beach, Florida, USA
$8,700,000
$989/SF
Building Size
8,796 SF
Asset Type
Single Family Residence
Closing
Oct 28, 2021
About this deal
AI
The single-family property located at 1003 Rhodes Villa Ave in Delray Beach, FL has been sold. The transaction took place on October 29, 2021. The property spans a total of 8,796 square feet and was sold for a price of $8,700,000, resulting in a price per square foot of $989.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,700,000
- Address: 1003 Rhodes Villa Ave, Delray Beach, FL
- Market: Delray Beach, FL
- Buyer: Nellie Ruth Kay; Ravi Kumar Moparty
- Seller: Margaret Lumia
- Property Size: 8,796 square feet
- Price per Square Foot: $989
The buyers in this transaction are Nellie Ruth Kay and Ravi Kumar Moparty. They worked with Margaret Lumia as their representative in the sale of the property.
Players
Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $989 per square foot on a published $8.7M for 8,796 square feet (2021).
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93