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

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SOLD
$569,000

Illinois

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Single Family Residence2,728 SF
Sold 10/05/2022
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Property Image
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 Deals
Single Family Residence2,728 SF
Sold 10/05/2022
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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:

Andy Ogorzaly from EXIT Strategy Realty represented both the buyer, Michael King, and the seller, David & Carla Ferguson, in this transaction.

Players

Andy Ogorzaly
2 deals$1.7M volume
BROKER

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 (@ExitStrategyRealty) SALE PRICE: $569,000 SF: 2,728 ~ PPSF: $209

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Deal Type
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