Anil Desai Acquires Single Family Property In Fort Lauderdale For $3.95M
SOLD
$3,950,000
Florida
See Similar DealsSingle Family Residence2,326 SF
Sold 09/17/2021
SOLD
Anil Desai Acquires Single Family Property In Fort Lauderdale For $3.95M
1663 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, FL, USA
See Similar DealsSingle Family Residence2,326 SF
Sold 09/17/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,698
Total Square Footage:2,326 SF
Transaction Type:Sale
The single-family property located at 1663 N Ft Lauderdale Beach Blvd in Fort Lauderdale, FL was recently sold in a transaction. The property spans 2,326 square feet and was sold for a price of $3,950,000, resulting in a price per square foot of $1,698.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,950,000
Anil Desai was the buyer in this transaction, while Michael L. Sanfelippo was the seller.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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