Bernard J. & Pamela L. Fischer Acquire SFR On Marco Island For $12.1M
SOLD
Florida
See Similar DealsSingle Family Residence6,563 SF
Sold 06/27/2023
SOLD
Bernard J. & Pamela L. Fischer Acquire SFR On Marco Island For $12.1M
1589 S Barfield Ct Marco Island, FL 34145, USA
See Similar DealsSingle Family Residence6,563 SF
Sold 06/27/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,843
Total Square Footage:6,563 SF
Transaction Type:Sale
A single-family residential (SFR) property located at 1589 South Barfield Court in Marco Island has been sold for $12,100,000. The property spans 6,563 square feet, resulting in a price per square foot of $1,844. The transaction took place on June 27, 2023.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $12,100,000
- Address: 1589 South Barfield Court
- Market: Marco Island
The buyer of the property is Bernard J. & Pamela L. Fischer, while the sellers are Richard & Teresa Harris. Chris Sullivan from Remax acted as the representative for the sellers in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$645,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,988.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,360.17
Annual Debt Service$688,322.08
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