Kim & Brian Rist Acquire Sanibel Single Family Property For $11.7M From Manny Fernandez
SOLD
$11,700,000
Florida
See Similar DealsSingle Family6 SF
Sold 11/30/2022
SOLD
Kim & Brian Rist Acquire Sanibel Single Family Property For $11.7M From Manny Fernandez
3845 West Gulf Drive
See Similar DealsSingle Family6 SF
Sold 11/30/2022
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,950,000
Total Square Footage:6 SF
Transaction Type:Sale
The property involved in this transaction is a Single Family home located at 3845 W Gulf Dr in Sanibel. The sale took place on November 30, 2022. The property spans a total of 6,654 square feet and was sold for a price of $11,700,000, resulting in a price per square foot of $1,758.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,700,000
- Address: 3845 W Gulf Dr, Sanibel
- Square Footage: 6,654
- Market: Sanibel
The buyers in this transaction were Kim & Brian Rist, while the seller was Manny Fernandez. The brokers involved in the deal were Mike McMurray and John Nicholson, representing Royal Shell Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$624,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,567.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,463.97
Annual Debt Service$665,567.63
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