Wanli Xiong Acquires Single Family Property In Fort Lauderdale For $14.15M
SOLD
Florida
See Similar DealsSingle Family Residence15,475 SF
Sold 08/06/2021
SOLD
Wanli Xiong Acquires Single Family Property In Fort Lauderdale For $14.15M
1235 E Lake Dr, Fort Lauderdale, FL, USA
See Similar DealsSingle Family Residence15,475 SF
Sold 08/06/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$914
Total Square Footage:15,475 SF
Transaction Type:Sale
Located at 1235 E Lake Dr in Fort Lauderdale, this single-family property recently changed hands in a closed transaction. The property spans over 15,475 square feet, with a price per square foot of $914. The sale price for the property was $14,150,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,150,000
- Address: 1235 E Lake Dr
- Market: Fort Lauderdale
Wanli Xiong acquired the property from Josh N. Bennett. The deal was handled by the respective brokers representing both parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$754,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,271.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,078.22
Annual Debt Service$804,938.63
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