Hogan Associates Represents Buyer In $4.75M Sale Of Newport SFR
SOLD
$4,750,000
Rhode Island
See Similar DealsSingle Family Residence
Sold 01/26/2022
SOLD
Hogan Associates Represents Buyer In $4.75M Sale Of Newport SFR
104 Old Beach Road, Newport, Rhode Island 02840, United States
See Similar DealsSingle Family Residence
Sold 01/26/2022
Summary
RHODE ISLAND
Asset Type:Single Family Residence
Transaction Type:Sale
A single-family residence located at 104 Old Beach Rd in Newport, RI has been recently sold for a price of $4,750,000. The transaction took place on January 14, 2022. The property was represented by Kylie McCollough from Mott & Chace Sotheby’s International Realty, while the buyer's agent was Hogan Associates.
Summary of transaction details
- Property Type: Single-family residence
- Transaction Amount: $4,750,000
- Date: January 14, 2022
- Address: 104 Old Beach Rd, Newport, RI
- Market: Newport, RI
The sale of this property showcases the successful collaboration between Kylie McCollough from Mott & Chace Sotheby’s International Realty and the buyer's agent, Hogan Associates. The completion of this transaction highlights their expertise in the Newport, RI real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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