$1,525,000
Investment Summary
- Monthly Cash Flow
- -$5,379
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.4%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -13.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
One of Bronx’s best neighborhoods is the highly sought-after Country Club area, known for its safety and suburban atmosphere. With an impressive almost 10,000 square feet lot and a spacious home, 1119 Stadium Avenue is the American dream. 1119 Stadium is a fully-detached two-family brick home with a detached 2-car garage. The home has multiple ground floor entrances on the north, east, and south. Stepping in from the main entrance on the east, you’re greeted by the gorgeous entrance hall, warmly lit up through bay windows on either side. Just further in is a spacious, open living room featuring a beautiful vented fireplace adding to the cozy ambience. Off the living room is the dining room and modern kitchen with stainless steel appliances complemented by elegant stone counters. The washer and dryer have a designated area by the backdoor next to the kitchen, maximizing the space’s practicality. Just next to this is a full bathroom, complete with marbled tiles and exquisite porcelain amenities. On the eastern side of the house is one of the two bedrooms of this unit, with its own closet and ample space for storage without feeling cramped. The large master bedroom is equipped with its own generously-sized bathroom and large sliding closets on either side of the room. The finished basement can be entered through the first-floor unit, with access to the natural gas meter and boiler room, as well as an additional washer-dryer area. Further in is an extra living space, with a kitchen, half-bathroom, and large bedroom, as well as clerestory windows on every side. The basement has another room for recreational activities such as ping-pong or pool, with enough space for a sitting area. Just off this room is the basement’s full bathroom, making for a sizeable basement unit. The second-family unit is located above the first and can be accessed via stairs through the northern entrance. This level features 2 bedrooms, one full bathroom. The full bathroom has a rustic design with earthy tones, making it inviting and easy to decorate. Each bedroom is comfortably-sized and has access to natural lighting and large closets perfect for storage. Down the hallway is a large retro-style kitchen with lots of storage space perfect for lovers of organization. Across from the kitchen sits the living room, welcoming and atmospheric with natural lighting and a large open space perfect for recreation. A balcony can be accessed from the living room, overlooking the entire property and letting you enjoy the space without being far from home. The highlight of this home is the sheer size of the lot, with a sprawling lawn and private garage that can fit up to two cars inside. The lawn is well-maintained, and a sight to behold in spring and summer months with green hedges and flora offset by warm tiled paths. A gorgeous pergola sits over an outdoor barbecue and dining area, ideal for family gatherings or parties. Start your next chapter at 1119 Stadium Avenue! Contact an agent today for your private showing. Schedule an appointment today and find your new dream home!
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Location
Property Details
Parking
- Garage Spaces: 2
- Spaces Total: 4
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Stories: 2
- Basement Description: Finished, Walk-Out Access
Land Information
- Land Use: Residential Income
- Land Use Subtype: Triplex
Lot Information
- Parcel ID: 053280017
- Lot Size: 9197 sqft
Property Information
- Property Type: Triplex
- Year Built: 1940
Tax Information
- Annual Tax: $9,279
Utilities
- Water & Sewer: Public
- Heating: Natural Gas, Radiant
- Cooling: Central Air
Location
- County: Bronx
Listing Details
Investment Summary
- Monthly Cash Flow
- -$5,379
- Cap Rate
- 1.8%
- Cash-on-Cash Return
- -18.4%
- Debt Coverage Ratio
- 0.30
- Internal Rate of Return (5 years)
- -13.8%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $1,525,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,220,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $305,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $45,750 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $350,750 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,220,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.500% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $7,711 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $773 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $315 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $8,799 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $4,500 | $54,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$270 | -$3,240 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,230 | $50,760 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 17% | -$773 | -$9,279 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$315 | -$3,780 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$360 | -$4,320 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$225 | -$2,700 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$225 | -$2,700 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 42% | -$1,898 | -$22,779 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $2,332 | $27,984 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$7,711 | -$92,532 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $5,379 | $64,548 |