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Michael King Acquires Park Ridge, IL SFR From David & Carla Ferguson For $569K

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SOLD
$569,000

Illinois

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Co-Op2,728 SF
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SOLD

Michael King Acquires Park Ridge, IL SFR From David & Carla Ferguson For $569K

728 S Cumberland Ave, Park Ridge, IL 60068, USA

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Co-Op2,728 SF
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Summary

ILLINOIS
Asset Type:Co-Op
Price Per Square Foot:$208
Total Square Footage:2,728 SF
Transaction Type:Sale

The single-family home located at 728 S Cumberland Ave in Park Ridge, IL has been sold. The property, spanning 2,728 square feet, was purchased by Michael King from sellers David and Carla Ferguson. The transaction was facilitated by broker Andy Ogorzaly from EXIT Strategy Realty. The sale price was $569,000, resulting in a price per square foot of $209.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $569,000
  • Address: 728 S Cumberland Ave, Park Ridge, IL
  • Market: Park Ridge, IL
  • Buyer: Michael King
  • Seller: David & Carla Ferguson
  • Broker: Andy Ogorzaly - EXIT Strategy Realty
  • Square Footage: 2,728
  • Price per Square Foot: $209

Andy Ogorzaly, representing EXIT Strategy Realty, played a pivotal role in the successful completion of the deal. The sellers, David and Carla Ferguson, entrusted their property to Andy, who effectively navigated the negotiation process and ensured a smooth transaction for both parties involved.

Players

2 deals$1.1M volume
SELLER

Details

SOLD
IMAGE: Andy Ogorzaly DATE: 10/05/2022 ADDRESS: 728 S Cumberland Ave MARKET: Park Ridge, IL ASSET TYPE: SFR BUYER: Michael King SELLER: David & Carla Ferguson BROKER: Andy Ogorzaly (@Andyohomesales) - EXIT Strategy Realty SALE PRICE: $569,000 SF: 2,728 ~ PPSF: $209

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

$30,346.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,021.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,697.35
Annual Debt Service$32,368.20