MMC LLC Acquires SFR In South Boston For $615,000
SOLD
$615,000
Massachusetts
See Similar DealsSingle Family Residence678 SF
Sold 01/14/2022
SOLD
MMC LLC Acquires SFR In South Boston For $615,000
9 W Broadway, Boston, MA 02127
See Similar DealsSingle Family Residence678 SF
Sold 01/14/2022
Summary
MASSACHUSETTS
Asset Type:Single Family Residence
Price Per Square Foot:$907
Total Square Footage:678 SF
Transaction Type:Sale
9 West Broadway in South Boston was recently sold for a price of $615,000. This single-family home has a total of 678 square feet of living space, resulting in a price per square foot of $907. The property was sold by the seller, FSK, to the buyer, MMC LLC.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $615,000
- Address: 9 West Broadway, South Boston
- Square Footage: 678 sqft
- Price Per Square Foot: $907
- Buyer: MMC LLC
- Seller: FSK
The buyer, MMC LLC, was represented by Morgan Franklin from The Morgan Franklin Group. On the other hand, the seller was assisted by Sarah Maguire. Morgan Franklin and Sarah Maguire facilitated the successful transaction of 9 West Broadway in South Boston.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$32,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,184.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,915.41
Annual Debt Service$34,984.97
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