Kim Ogilvie & Brian Loebker Acquire Sarasota SFR For $6.45M
SOLD
$6,450,000
Florida
See Similar DealsSingle Family Residence8,374 SF
Sold 07/28/2020
SOLD
Kim Ogilvie & Brian Loebker Acquire Sarasota SFR For $6.45M
1221 Hillview Drive, Sarasota, FL, USA & 1221 Hillview Drive, Sarasota, FL, USA
See Similar DealsSingle Family Residence8,374 SF
Sold 07/28/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$770
Total Square Footage:8,374 SF
Transaction Type:Sale
Kim Ogilvie & Brian Loebker of Michael Saunders & Company recently closed a transaction in Sarasota. The property at 1221 Hillview Drive, a single-family residence, was sold for $6,450,000. The house spans 4,187 square feet, resulting in a price per square foot of $1,540.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $6,450,000
- Address: 1221 Hillview Drive
- Market: Sarasota
- Square Footage: 4,187
- Price per Square Foot: $1,540
Kim Ogilvie & Brian Loebker from Michael Saunders & Company served as the brokers for this transaction. They facilitated the successful sale of the property, showcasing their expertise in the Sarasota market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,915.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,576.29
Annual Debt Service$366,915.49
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