Michael Poole & Michael O'Keefe Sell Residential Land In Mantoloking For $2.4M
SOLD
$2,425,000
New Jersey
See Similar DealsSold 02/18/2022
SOLD
Michael Poole & Michael O'Keefe Sell Residential Land In Mantoloking For $2.4M
Sunset Lane, Mantoloking, New Jersey 08738, United States
See Similar DealsSold 02/18/2022
Summary
NEW JERSEY
Transaction Type:Sale
The property involved in this closed transaction is a residential land located at 0 Sunset Ln in Mantoloking. The sale took place on February 18, 2022, with a sale price of $2,425,000.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $2,425,000
- Address: 0 Sunset Ln
- Date: 02/18/2022
- Market: Mantoloking
The buyer's representative in this transaction was Michael O'Keefe from Keller Williams Realty Spring Lake. And the seller's representative was Michael Poole from C21/ Solid Gold Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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