Thomas Mathew & Seema Thomas Acquire Single Family Home In West Palm Beach For $850K
11416 60th Street North
$850,000
$244/SF
Building Size
3,479 SF
Asset Type
Single Family
Closing
Nov 15, 2023
AI
The single-family property located at 11416 60th Street North in West Palm Beach has been sold. The property, spanning 3,479 square feet, was recently purchased by Thomas Mathew and Seema Thomas for a sale price of $850,000, which translates to a price per square foot of $244. The transaction took place on November 15, 2023.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $850,000
- Address: 11416 60th Street North, West Palm Beach
- Market: West Palm Beach
The seller of the property was 11416 60TH STREET LLC, represented by Luis Garcia, the CEO of Adonel Concrete. Ana Teresa Rodriguez, from Coldwell Banker, acted as the seller's representative in the deal.
Players
West Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93