Debra & John Sherman Acquire Single Family Home In Pompano Beach For $9.7M
SOLD
$9,700,000
Florida
See Similar DealsSingle Family Residence6,084 SF
Sold 04/12/2021
SOLD
Debra & John Sherman Acquire Single Family Home In Pompano Beach For $9.7M
2004 Bay Dr, Pompano Beach, FL, USA
See Similar DealsSingle Family Residence6,084 SF
Sold 04/12/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,594
Total Square Footage:6,084 SF
Transaction Type:Sale
A single-family property located at 2004 Bay Dr in Pompano Beach was recently sold for a price of $9,700,000. The property has a total area of 6,084 square feet, resulting in a price per square foot of $1,594.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,700,000
- Address: 2004 Bay Dr
- Market: Pompano Beach
The buyers of the property were Debra & John Sherman, while the sellers were Angelo Degaspris.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
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