Reid Murphy Acquires Single-Family Property In Nokomis For $10.5M
SOLD
$10,500,000
Florida
See Similar DealsSingle Family Residence
Sold
SOLD
Reid Murphy Acquires Single-Family Property In Nokomis For $10.5M
Nokomis, Florida, United States
See Similar DealsSingle Family Residence
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale
A single-family property in Nokomis has recently been sold for $10,500,000. The sale took place on April 21, 2022. The property, showcased in an image by Reid Murphy & Courtney Green on Instagram, attracted attention in the market.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $10,500,000
The buyer in this transaction was represented by Reid Murphy from Developers Realty Inc, while the seller was represented by Courtney Green from Premier Sotheby's International Realty. Their expertise in the real estate industry played a crucial role in facilitating the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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