One Sotheby's International Realty Sells SFR In Lauderdale By The Sea For $3.8M
SOLD
$3,800,000
Florida
See Similar DealsSingle Family Residence5,600 SF
Sold 08/05/2020
SOLD
One Sotheby's International Realty Sells SFR In Lauderdale By The Sea For $3.8M
297 Tropic Dr, Lauderdale-By-The-Sea, FL 33308, USA
See Similar DealsSingle Family Residence5,600 SF
Sold 08/05/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$678
Total Square Footage:5,600 SF
Transaction Type:Sale
The transaction involved the sale of a single-family residence located at 297 Tropic Dr in Lauderdale By The Sea. The property was sold for a price of $3,800,000. Spanning across 5,600 square feet, the property was valued at approximately $679 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,800,000
- Address: 297 Tropic Dr, Lauderdale By The Sea
- Market: Lauderdale By The Sea
- Brokers: Nicholas Grodzicki & Presdon Luczek – One Sotheby's International Realty
- Size: 5,600 square feet
- Price per Square Foot: $679
Nicholas Grodzicki & Presdon Luczek from One Sotheby's International Realty acted as the brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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