Ed Rabin Acquires Single Family Property On South County Road In Palm Beach For $5.6M
SOLD
$5,600,000
Florida
See Similar DealsSingle Family Residence3,378 SF
Sold 04/16/2021
SOLD
Ed Rabin Acquires Single Family Property On South County Road In Palm Beach For $5.6M
505 South County Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence3,378 SF
Sold 04/16/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,657
Total Square Footage:3,378 SF
Transaction Type:Sale
The single-family property located at 505 South County Road in Palm Beach has been sold for $5,600,000. The property spans 3,378 square feet, resulting in a price per square foot of $1,658. The transaction took place on April 16, 2021.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $5,600,000
- Address: 505 South County Road, Palm Beach
- Market: Palm Beach
The buyer of the property is Ed Rabin, who represents Sally Beauty Holdings. The sellers of the property are George S. Mann and Carla Harrod. Ed Rabin was represented by Christian Angle of Christian Angle Real Estate, while the sellers were represented by Dana Koch of The Corcoran Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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