Douglas Elliman Represents $10.5M Sale Of West Palm Beach SFR
SOLD
Florida
See Similar DealsSingle Family Residence9,100 SF
Sold 08/19/2020
SOLD
Douglas Elliman Represents $10.5M Sale Of West Palm Beach SFR
3180 Washington Rd, West Palm Beach, FL, USA
See Similar DealsSingle Family Residence9,100 SF
Sold 08/19/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,153
Total Square Footage:9,100 SF
Transaction Type:Sale
A luxury single-family residence located at 3180 Washington Rd in West Palm Beach has been sold for a transaction price of $10,500,000. The property spans 9,100 square feet and had a price per square foot of $1,154.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $10,500,000
- Address: 3180 Washington Rd, West Palm Beach
- Market: West Palm Beach
The buyer in this transaction was represented by Adam McPherson from Douglas Elliman. The seller, on the other hand, was represented by Ashley McIntosh and Chris Leavitt, also from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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