Glenn C Rice & Cynthia Anne Hoy Acquire Single Family Property On San Marco Dr, Fort Lauderdale For $15.7M
SOLD
$15,741,000
Florida
See Similar DealsSingle Family Residence7,992 SF
Sold 04/02/2021
SOLD
Glenn C Rice & Cynthia Anne Hoy Acquire Single Family Property On San Marco Dr, Fort Lauderdale For $15.7M
650 San Marco Dr, Fort Lauderdale, FL, USA
See Similar DealsSingle Family Residence7,992 SF
Sold 04/02/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,969
Total Square Footage:7,992 SF
Transaction Type:Sale
The property at 650 San Marco Dr in Fort Lauderdale was recently sold in a single family transaction. The property spans across 7,992 square feet and was sold for a price of $15,741,000, resulting in a price per square foot of $1,970. The transaction took place on 04/02/2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,741,000
- Address: 650 San Marco Dr, Fort Lauderdale
- Market: Fort Lauderdale
The buyers of the property were Glenn C Rice & Cynthia Anne Hoy, while the sellers were Latika & Rajiv Jain.
Note: No additional information is available regarding this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$839,520.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,924.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,620.37
Annual Debt Service$895,444.45
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