John Rost's Fiesta Auto Insurance Acquires Single-Family Home In West Palm Beach For $10.2M
SOLD
Florida
See Similar DealsSingle Family Residence20,414 SF
Sold 07/08/2020
SOLD
John Rost's Fiesta Auto Insurance Acquires Single-Family Home In West Palm Beach For $10.2M
West Palm Beach, FL, USA
See Similar DealsSingle Family Residence20,414 SF
Sold 07/08/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$499
Total Square Footage:20,414 SF
Transaction Type:Sale
A single-family property located in West Palm Beach was recently sold for $10,200,000. The property spans approximately 9,582 square feet, resulting in a price per square foot of $1,064. The transaction took place on 07/08/2021.
Summary of transaction details:
- Property Type: Single-Family
- Transaction Amount: $10,200,000
- Market: West Palm Beach
- Buyer: John Rost - Fiesta Auto Insurance
- Seller: Freda L. Sanderson
- Buyer's Representative: Scott Diamond
- Seller's Representative: Ashley McIntosh - Douglas Elliman
- Square Footage: 9,582
- Price Per Square Foot: $1,064
John Rost, from Fiesta Auto Insurance, purchased the property from the seller, Freda L. Sanderson. The buyer was represented by Scott Diamond, while Ashley McIntosh from Douglas Elliman served as the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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