Updated Nov 4, 2023
Christine Baumgartner Leases $40,000/month SFR In Montecito
$40,000
$40,000/SF
Building Size
3,500 SF
Asset Type
Single Family Residence
Closing
Sep 5, 2023
About this deal
AI
Christine Baumgartner, the estranged wife of Kevin Costner, has recently moved into a luxurious rental property located in Montecito, California. This stunning single-family residence (SFR) is situated in a desirable market known for its exclusivity and high-end properties.
Summary of transation details
- Property Type: Single-Family Residence (SFR)
- Asking Rent: $40,000/month
- Square Footage: 3,500
- Market: Montecito
Featuring a spacious layout of 3,500 square feet, this rental property offers ample living space for Christine Baumgartner. The property boasts a prime location in Montecito, further enhancing its appeal. Its market value aligns with the exclusivity and prestige associated with the Montecito real estate market.
As Christine Baumgartner settles into her new residence, this high-profile move highlights the luxurious lifestyle and sought-after properties available in Montecito. The property becomes an epitome of elegance and sophistication, encapsulating the charm of the Montecito market.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396.57%
Cash-on-Cash
-113.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93