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Mott & Chace Sotheby's Facilitates $3M Sale Of Single Family Property In Westerly, RI
SOLD
$3,000,000
Rhode Island
See Similar DealsSingle Family
Sold 11/10/2023
SOLD
Mott & Chace Sotheby's Facilitates $3M Sale Of Single Family Property In Westerly, RI
443 Atlantic Avenue
See Similar DealsSingle Family
Sold 11/10/2023
Summary
RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale
Mott & Chace Sotheby’s International Realty facilitated the sale of 443 Atlantic Ave. in the Misquamicut neighborhood for $3 million. The property is a single-family home located at 443 Atlantic Avenue in Westerly, RI.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,000,000
- Address: 443 Atlantic Avenue
- Market: Westerly, RI
- Brokers: Geb Masterson, Michael Himmel & Raymond Mott - Sotheby's International Realty
Geb Masterson and Raymond Mott represented the sellers, while Michael Himmel represented the buyers, all from the same firm.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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