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Stephanie Smith & Robert Kinlin Close $3.2M Land Sale In Cotuit, MA
SOLD
$3,200,000
Massachusetts
See Similar DealsLand
Sold 04/22/2024
SOLD
Stephanie Smith & Robert Kinlin Close $3.2M Land Sale In Cotuit, MA
172 Vineyard Road
See Similar DealsLand
Sold 04/22/2024
Summary
MASSACHUSETTS
Asset Type:Land
Transaction Type:Sale
A waterfront estate building parcel spanning 5.1 acres in Cotuit, MA, sold for $3.2 million, offering over 200 feet of water frontage along the pristine shoreline of Popponesset Bay.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,200,000
- Address: 172 Vineyard Rd
- Market: Cotuit, MA
- Asset Type: Land
- Acres: 5.1
- Buyer's Rep: Stephanie Smith - Kinlin Grover Compass
- Seller's Rep: Robert Kinlin - Berkshire Hathaway HomeServices
Stephanie Smith from Kinlin Grover Compass represented the buyer, while Robert Kinlin from Berkshire Hathaway HomeServices represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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