Joe Gerber's Gerber Group Acquires SFR In Glencoe For $2.125M
SOLD
$2,125,000
Illinois
See Similar DealsSingle Family Residence7,537 SF
Sold 06/01/2022
SOLD
Joe Gerber's Gerber Group Acquires SFR In Glencoe For $2.125M
993 Elm Ridge Drive, Glencoe, Illinois 60022, United States
See Similar DealsSingle Family Residence7,537 SF
Sold 06/01/2022
Summary
ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$281
Total Square Footage:7,537 SF
Transaction Type:Sale
A single-family home located at 993 Elm Ridge Dr in Glencoe was recently sold. The property, listed by Joe Gerber from Gerber Group at Engel & Völkers Chicago North Shore, boasts a total of 7,537 square feet. The sale price for this stunning home was $2,125,000, resulting in a price per square foot of $282.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $2,125,000
- Address: 993 Elm Ridge Dr
- Market: Glencoe
Joe Gerber from Gerber Group at Engel & Völkers Chicago North Shore facilitated the sale of this beautiful single-family home in Glencoe.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,549.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,073.58
Annual Debt Service$120,883.01
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