Michael King Acquires SFR In Park Ridge, IL From David & Carla Ferguson For $569K
SOLD
$569,000
Illinois
See Similar DealsSingle Family Residence2,728 SF
Sold 10/05/2022
SOLD
Michael King Acquires SFR In Park Ridge, IL From David & Carla Ferguson For $569K
728 South Cumberland Avenue, Park Ridge, Illinois 60068, United States
See Similar DealsSingle Family Residence2,728 SF
Sold 10/05/2022
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$208
Total Square Footage:2,728 SF
Transaction Type:Sale
The property in question is a single-family home located at 728 S Cumberland Ave in Park Ridge, IL. The transaction took place on 10/05/2022, and the property was sold for a price of $569,000. The home spans 2,728 square feet, resulting in a price per square foot of $209.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $569,000
- Buyer: Michael King
- Seller: David & Carla Ferguson
- Broker: Andy Ogorzaly - EXIT Strategy Realty
Andy Ogorzaly from EXIT Strategy Realty represented both the buyer, Michael King, and the seller, David & Carla Ferguson, in this transaction.
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Deal Type
30 years
10 years
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
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