Brad Jungles Sells Ocean City SFR For $1.95M With Burton Wilkins & Goldcoast Sotheby's Intl Realty
SOLD
$1,950,000
+ 1
New Jersey
See Similar DealsSingle Family Residence1,903 SF
Sold 08/31/2022
SOLD
Brad Jungles Sells Ocean City SFR For $1.95M With Burton Wilkins & Goldcoast Sotheby's Intl Realty
255 Northpoint Road, Ocean City, New Jersey 08226, United States
See Similar DealsSingle Family Residence1,903 SF
Sold 08/31/2022
+ 1
Summary
NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$1,024
Total Square Footage:1,903 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 255 Northpoint Rd in Ocean City. The property has a total of 1,903 square feet and was sold for a price of $1,950,000, resulting in a price per square foot of $1,025.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,950,000
- Address: 255 Northpoint Rd
- Market: Ocean City
The seller of the property is Brad Jungles. The transaction was facilitated by Burton Wilkins, Burton Wilkins III, and Emily Wilkins, who represented both the buyer and the seller. Goldcoast Sotheby's International Realty served as the brokerage for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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