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Mott & Chace Sotheby's International Realty And BHHS New England Properties Facilitate $3.6M Sale
SOLD
$3,600,000
Rhode Island
See Similar DealsSingle Family2,547 SF
Sold 04/12/2024
SOLD
Mott & Chace Sotheby's International Realty And BHHS New England Properties Facilitate $3.6M Sale
8 Green Hill Ocean Drive
See Similar DealsSingle Family2,547 SF
Sold 04/12/2024
Summary
RHODE ISLAND
Asset Type:Single Family
Price Per Square Foot:$1,413
Total Square Footage:2,547 SF
Transaction Type:Sale
The property at 8 Green Hill Ocean Drive in South Kingstown, RI, was recently sold for $3,600,000. This single-family home spans 2,547 square feet, resulting in a price per square foot of $1,413.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,600,000
- Address: 8 Green Hill Ocean Drive
- Market: South Kingstown, RI
- Buyer's Representative: Regina Livingston - Berkshire Hathaway HomeServices
- Seller's Representative: Michael Himmel - Sotheby's International Realty
The sale at Green Hill Ocean Dr., Green Hill was facilitated by Mott & Chace Sotheby’s International Realty and BHHS New England Properties, showcasing the collaboration of prominent real estate brokerages in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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