Matthew Teuteberg Acquires SFR In Islamorada From Ron Glazer
SOLD
$2,650,000
Florida
See Similar DealsSingle Family Residence2,760 SF
Sold 05/30/2023
SOLD
Matthew Teuteberg Acquires SFR In Islamorada From Ron Glazer
120 Venetian Dr, Islamorada, FL 33036
See Similar DealsSingle Family Residence2,760 SF
Sold 05/30/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$960
Total Square Footage:2,760 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 120 Venetian Drive in Islamorada. It was sold for a price of $2,650,000. The home has a total area of 2,760 square feet, resulting in a price per square foot of $960.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $2,650,000
- Address: 120 Venetian Drive
- Market: Islamorada
The buyer in this transaction was Matthew Teuteberg, while the seller was Ron Glazer. The brokers involved in the deal were Alexander Pinero and Dominic Rivera from Pine River Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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