Updated Dec 21, 2023
Michael King Acquires SFR In Park Ridge, IL From David & Carla Ferguson For $569K
728 South Cumberland Avenue, Park Ridge, Illinois 60068, United States
$569,000
$208/SF
Building Size
2,728 SF
Asset Type
Single Family Residence
Closing
Oct 4, 2022
About this deal
AI
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.
Players
Park Ridge Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $208 per square foot on a published $569K for 2,728 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
27.88%
Cash-on-Cash
-7.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93