Updated Dec 21, 2023
Albert Cantu Acquires Houston Single-Family Property On Versailles Lakes Lane For $2.85M
11603 Versailles Lakes Lane, Houston, TX, USA
$2,850,000
$294/SF
Building Size
9,695 SF
Asset Type
Single Family Residence
Closing
Oct 5, 2020
About this deal
AI
The single-family property located at 11603 Versailles Lakes Lane in Houston has been sold. The transaction took place on October 6, 2020, with the deal being facilitated by broker Albert Cantu from Nan & Company Properties. The property was listed for $2,850,000 and features a spacious living area measuring 9,695 square feet. The price per square foot for this property is $294.
Summary of transation details
- Property Type: Single-Family
- Transaction Amount: $2,850,000
- Address: 11603 Versailles Lakes Lane
- Market: Houston
- Broker: Albert Cantu - Nan & Company Properties
This transaction showcases the expertise of Albert Cantu from Nan & Company Properties in successfully closing the deal for this single-family property in Houston.
Players
Houston Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $294 per square foot on a published $2.9M for 9,695 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93