Ini Realty Investments Acquires SFR In Atlantic Beach For $6.7M
SOLD
$6,700,000
Florida
See Similar DealsSingle Family Residence6,972 SF
Sold 07/16/2020
SOLD
Ini Realty Investments Acquires SFR In Atlantic Beach For $6.7M
465 Beach Ave, Atlantic Beach, FL 32233, USA
See Similar DealsSingle Family Residence6,972 SF
Sold 07/16/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$961
Total Square Footage:6,972 SF
Transaction Type:Sale
The property at 465 Beach Avenue in Atlantic Beach has been sold for $6,700,000. It is a single-family residence with a size of 6,972 square feet. The price per square foot is $961.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $6,700,000
- Address: 465 Beach Avenue
- Market: Atlantic Beach
Justin Lott from Ini Realty Investments, Inc. represented the buyer in this transaction. The seller was represented by John Wolfel from John Wolfel Real Estate LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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