Wiz Khalifa Acquires Encino SFR For $3.4M
SOLD
$3,400,000
California
See Similar DealsSingle Family Residence5,832 SF
Sold 01/25/2019
SOLD
Wiz Khalifa Acquires Encino SFR For $3.4M
Single Family Residence5,832 SF
Sold 01/25/2019
Summary
Asset Type:Single Family Residence
Price Per Square Foot:$583
Total Square Footage:5,832 SF
Transaction Type:Sale
Wiz Khalifa has recently purchased a single-family residence (SFR) located in Encino. The property, which features a total of 5,832 square feet, was sold on 01/25/2019 for a price of $3,400,000. This amounts to a price per square foot (PPSF) of $582.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,400,000
- Square Footage: 5,832
- Price per Square Foot: $582
- Market: Encino
- Buyer: @WizKhalifa
The purchase of this property by Wiz Khalifa showcases his investment in the Encino real estate market. The deal was brokered by Wiz Khalifa's representative from an undisclosed agency.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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