Michael And Lloyd Smith Acquire Single Family Home In Pompano Beach For $5.35M
508 SE 28th Ave, Pompano Beach, Florida, USA
$5,350,000
$838/SF
Building Size
6,380 SF
Asset Type
Single Family Residence
Closing
Dec 1, 2021
AI
The single-family property located at 508 SE 28th Ave in Pompano Beach, FL has been sold. The transaction took place on 12/02/2021, with a purchase price of $5,350,000. The property spans a total area of 6,380 square feet, resulting in a price per square foot of $839.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $5,350,000
- Address: 508 SE 28th Ave, Pompano Beach, FL
- Market: Pompano Beach, FL
The buyers, Michael L Smith and Lloyd Smith, acquired the property from sellers Danielle Katz and Gregory E Katz.
Players
Pompano Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93