Updated Dec 19, 2023
API Investments Acquires 6,091 SF Southlake Single Family Home For $1.95M
601 Cascade Springs Dr, Southlake, TX 76092, USA
$1,950,000
$32/SF
Building Size
60,910 SF
Asset Type
Single Family Residence
Closing
Oct 1, 2020
About this deal
AI
A single-family property located at 601 Cascade Springs Drive in Southlake has been sold for $1,950,000. The property offers a total area of 6,091 square feet.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,950,000
- Address: 601 Cascade Springs Drive
- Market: Southlake
- Seller's Representative: Terri Schrobilgen - eXp Realty LLC
- Buyer's Representative: Yingying Liu - API Investments
Terri Schrobilgen from eXp Realty LLC represented the seller in this transaction, while Yingying Liu from API Investments acted as the buyer's representative.
Players
Southlake Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $32 per square foot on a published $2M for 60,910 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93