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Roy W. Cummings, Jr & Kimberly S. Cummings Purchase Single Family Home On Marco Island For $3.8M

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SOLD
$3,800,000

Florida

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Single Family3,288 SF
Sold 03/04/2024
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Property Image
SOLD

Roy W. Cummings, Jr & Kimberly S. Cummings Purchase Single Family Home On Marco Island For $3.8M

1373 North Collier Boulevard

See Similar Deals
Single Family3,288 SF
Sold 03/04/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,155
Total Square Footage:3,288 SF
Transaction Type:Sale

The single-family property located at 1373 North Collier Boulevard in Marco Island was sold for $3,800,000. Spanning 3,288 square feet, the property was transacted at a price per square foot of $1,156. The transaction took place between buyers Roy W. Cummings, Jr & Kimberly S. Cummings, and sellers Terry L. Monday & Lucinda B. Monday. The deal was facilitated by Chris Sullivan from RE/MAX.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,800,000
  • Buyer: Roy W. Cummings, Jr & Kimberly S. Cummings
  • Seller: Terry L. Monday & Lucinda B. Monday
  • Broker: Chris Sullivan - RE/MAX
  • Address: 1373 North Collier Boulevard
  • Market: Marco Island
  • Square Footage: 3,288
  • Price Per Square Foot: $1,156

Chris Sullivan from RE/MAX played a pivotal role as the broker in the transaction, representing the parties involved. The buyers, Roy W. Cummings, Jr & Kimberly S. Cummings, sought to secure the property from sellers Terry L. Monday & Lucinda B. Monday. This successful deal highlights the collaborative effort of these individuals in the real estate transaction.

Players

Chris Sullivan
10 deals$55.1M volume(239) 404-5548
BROKER

Details

SOLD
IMAGE: Chris Sullivan DATE: 03/04/2024 ADDRESS: 1373 North Collier Boulevard MARKET: Marco Island ASSET TYPE: Single Family BUYER: Roy W. Cummings, Jr & Kimberly S. Cummings SELLER: Terry L. Monday & Lucinda B. Monday BROKERS: Chris Sullivan (@ChrisLuxBroker) - RE/MAX (@Remax) SALE PRICE: $3,800,000 SF: 3,288 ~ PPSF: $1,156

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26