Michael Saunders & Company Sells Single Family Home In Sarasota For $7.5M
SOLD
$7,475,000
Florida
See Similar DealsSingle Family5,039 SF
Sold 03/03/2023
SOLD
Michael Saunders & Company Sells Single Family Home In Sarasota For $7.5M
1247 Westway Drive
See Similar DealsSingle Family5,039 SF
Sold 03/03/2023
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,483
Total Square Footage:5,039 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 1247 Westway Drive in Sarasota. The property spans 5,039 square feet and has a sale price of $7,475,000, resulting in a price per square foot of $1,483. The transaction took place on 03/03/2023.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,475,000
- Address: 1247 Westway Drive
- Market: Sarasota
The brokers involved in this deal are Klaus Lang, Georgina Clamage, and Mary Pat Radford from Michael Saunders & Company. They represent the buyer, seller, landlord, or tenant in this transaction.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$398,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,557.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,435.31
Annual Debt Service$425,223.76
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