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John Binder Jr & Holly C. Rennie Acquire SFR In Avalon For $4.9M

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SOLD
$4,877,000

New Jersey

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Single Family Residence5,100 SF
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SOLD

John Binder Jr & Holly C. Rennie Acquire SFR In Avalon For $4.9M

7792 Sunset Drive, Avalon, NJ, USA

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Single Family Residence5,100 SF
Sold
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Summary

NEW JERSEY
Asset Type:Single Family Residence
Price Per Square Foot:$956
Total Square Footage:5100 SF
Transaction Type:Sale

Judging by the information provided, a single-family residence (SFR) located at 7792 Sunset Dr in Avalon has been sold. The property, with a size of approximately 5,100 square feet, was successfully transacted on 02/05/2021.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,877,000
  • Address: 7792 Sunset Dr
  • Market: Avalon

The brokers involved in this real estate deal were John Binder Jr and Holly C. Rennie, representing Ferguson-Dechert, INC. Their expertise and professional assistance played a significant role in the successful completion of the transaction.

The property was sold for a price of $4,877,000, resulting in a price per square foot of approximately $956.

Players

John Jack Binder Jr
4 deals$22.9M volume
BROKER

Holly Rennie
Ferguson Dechert Real Estate
1 deal$4.9M volume
BROKER

Details

SOLD
IMAGE: John Binder Jr & Holly C. Rennie DATE: 02/05/2021 ADDRESS: 7792 Sunset Dr MARKET: Avalon ASSET TYPE: SFR BROKERS: John Binder Jr & Holly C. Rennie, CRS,GRI,RSPS - Ferguson-Dechert, INC PRICE: $4,877,000 SF: 5,100 ~ PPSF: $956

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$260,106.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,326.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,119.47
Annual Debt Service$277,433.62