Fenton & Lang Brokers Sell Hobe Sound SFR For $9.8M On South Beach
SOLD
New York
See Similar DealsSingle Family Residence9,449 SF
Sold 07/31/2020
SOLD
Fenton & Lang Brokers Sell Hobe Sound SFR For $9.8M On South Beach
494 S Beach Rd, Hobe Sound, Fl 33455, Usa
See Similar DealsSingle Family Residence9,449 SF
Sold 07/31/2020
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,037
Total Square Footage:9,449 SF
Transaction Type:Sale
The SFR located at 494 South Beach in Hobe Sound has been sold for $9,800,000. The property spans 9,449 square feet, resulting in a price per square foot of $1,037.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,800,000
- Square Footage: 9,449
- Price per Square Foot: $1,037
- Market: Hobe Sound
The sale of this SFR property at 494 South Beach was facilitated by Joanne Wagner & Adrian Reed of Fenton & Lang.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
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