Joanne L Reilly & Michelle Schneider Sell SFR In Spring Lake, NJ For $4.45M
SOLD
$4,450,000
New Jersey
See Similar DealsSingle Family Residence3,937 SF
Sold 05/24/2020
SOLD
Joanne L Reilly & Michelle Schneider Sell SFR In Spring Lake, NJ For $4.45M
10 Salem Avenue, Spring Lake, NJ 07762
See Similar DealsSingle Family Residence3,937 SF
Sold 05/24/2020
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$1,130
Total Square Footage:3,937 SF
Transaction Type:Sale
A single-family residential property located at 10 Salem Avenue in Spring Lake, NJ, was recently sold. The property was listed by Joanne L Reilly and Michelle Schneider from an undisclosed agency. The asking price for the property was $4,299,000, and it was eventually sold for $4,450,000. The property spans across 3,937 square feet and has a price per square foot of $1,130.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $4,450,000
- Date: 05/24/2021
- Market: Spring Lake, NJ
- Brokers: Joanne L Reilly & Michelle Schneider
The deal was successfully facilitated by Joanne L Reilly and Michelle Schneider, who represented the buyer and seller in this transaction. The specific agency that they work for remains undisclosed. Overall, this transaction highlights the successful sale of a single-family residential property in Spring Lake, NJ.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$237,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,809.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,095.27
Annual Debt Service$253,143.24
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