Jim Houghton's Jordan Real Estate Sells Single Family Property On Nantucket For $5.1M
SOLD
$5,122,500
Massachusetts
See Similar DealsSingle Family Residence5,000 SF
Sold 12/14/2020
SOLD
Jim Houghton's Jordan Real Estate Sells Single Family Property On Nantucket For $5.1M
33 Madaket Road, Nantucket, MA, USA
See Similar DealsSingle Family Residence5,000 SF
Sold 12/14/2020
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$1,024
Total Square Footage:5,000 SF
Transaction Type:Sale
Located in Nantucket, MA, the single-family property at 33 Madaket Road recently changed hands in a closed sale transaction. The sale took place on December 14, 2020.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $5,122,500
- Square Footage: 5,000
- Price per Square Foot: $1,025
- Market: Nantucket, MA
The transaction was facilitated by Jim Houghton from Jordan Real Estate. Acting as the broker, Jim Houghton played a crucial role in the successful sale of the property at 33 Madaket Road.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$273,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,199.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,283.26
Annual Debt Service$291,399.16
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