$1,249,000
Investment Summary
- Monthly Cash Flow
- -$4,006
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -16.7%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.2%
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
Welcome to Your Private Mountaintop Oasis... (*offering an additional home to be sold together with this one for a package deal..call for details on this offering and make this your own private mountain! As you turn onto the long, private driveway, each bend builds anticipation—what awaits at the top is nothing short of spectacular. This is a builder’s own home, crafted with care and attention to detail. Prepare to elevate your expectations! Spanning over 4,000+ sq ft, this cedar-sided Colonial offers 5 bedrooms (potential for 7) and 3.5 bathrooms with hardwood flooring through out is ideal for multi-generational living or anyone seeking space and versatility! Work and play right here at home! Inviting oversized front porch sets the tone for warmth and comfort as you step into the grand foyer that flows effortlessly into the heart of the home. A spacious home office with French doors and a large closet (could be a 6th bedroom!). Formal living room with crown molding, custom built-ins, and French doors that lead to the elegant formal dining room.The chef’s kitchen features custom cherry cabinetry, expansive granite countertops, stainless steel appliances, breakfast bar seating for four, everyday dining space with views of the serene backyard! The family room is a showstopper with coffered ceilings, masonry fireplace with direct access to an oversized deck! Down the hall you will find a walk-in pantry, another large closet with custom shelving, and a fully outfitted laundry room—plus a full bathroom conveniently located next to the attached 2-car garage. All 5 bedrooms are upstairs offering the primary suite that features a fireplace, walk-in closet + additional storage! The spa-like ensuite bath with large tub, stall shower w/ bench, and double vanity! The additional bedrooms each offer charm -one with a window seat, and another with private access to the shared main bath featuring a double vanity, stall shower, and linen closet.**Bonus: A staircase leads to a huge unfinished attic—ready to be your future 7th bedroom, playroom, home gym, or private studio. This home features a full, partially finished walk-out basement, including a spacious, finished playroom. There's also abundant storage space that can be easily transformed into additional living areas—offering the potential for an entirely new level of living space! A secluded outdoor paradise that offers a fully fenced in backyard with mature plantings, custom built rock walls, lush lawn, and an expansive sprinkler system for the lawn and garden beds! Brick and paver patios perfect for entertaining and a sweet little fish pond tucked into the landscape! This rare find is surrounded by over 600 acres of protected land (Camp Bullowa & Suez Water Company)This home offers unparalleled privacy & defines bucolic beauty! No expense was spared! Upgrades such as Pella architectural windows; Solid wood interior doors; Custom trim and crown molding throughout; Low voltage landscape lighting and so much more! This home truly offers a thoughtful floor plan designed for both everyday living and grand entertaining! This is a rare opportunity to own a truly private, custom-built home on a secluded mountaintop—come see what "home" is supposed to feel like. Taxes confirmed June 2025 $19,475 with out exemption (Town and County $5,345.16 School $13053,31 (2024 STAR $1,200.79 not included) North Rockland Schools are Stony Point Elementary; James A Farley upper elementary; Fieldstone and North Rockland High School; Close to the Marina district, Hudson Waterfront, Golf Courses, major shopping, dining and entertainment! Bonus for the nature lover, this home is located at the foothills of Bear Mountain’s full trail system including the Appalachian Trail System and steps to other beautiful hiking trails right outside your door! One hour to NYC and close to NJ CT and PA Borders! By appointment only. Please do not go direct. Price is for this home only, for the package deal, call for details!
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Location
Property Details
Parking
- Description: Attached, 2 Car Attached, Driveway, Garage
- Details: Driveway, Garage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 14
- # of Stories: 2
- Basement: Yes
- Basement Description: Full, Partially Finished, Storage Space, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 39280010.03111
- Lot Size: 68825 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 2000
Tax Information
- Annual Tax: $19,475
Utilities
- Water & Sewer: Public, Private, Well
- Heating: Baseboard, Oil
- Cooling: Central Air
Location
- County: Rockland
Listing Details
Investment Summary
- Monthly Cash Flow
- -$4,006
- Cap Rate
- 2.2%
- Cash-on-Cash Return
- -16.7%
- Debt Coverage Ratio
- 0.37
- Internal Rate of Return (5 years)
- -12.2%
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:
| $1,249,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$999,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $249,800 |
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:
| $37,470 |
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:
| $287,270 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,000 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $250 |
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:
| $1.14 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $999,200 |
|---|---|
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:
| $6,316 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,623 |
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:
| $399 |
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:
| $8,338 |
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:
| $5,700 | $68,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$342 | -$4,104 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $5,358 | $64,296 |
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. | 28% | -$1,623 | -$19,475 |
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% | -$399 | -$4,788 |
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% | -$456 | -$5,472 |
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% | -$285 | -$3,420 |
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% | -$285 | -$3,420 |
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 | 53% | -$3,048 | -$36,575 |
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:
| $2,310 | $27,720 |
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. | -$6,316 | -$75,792 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $4,006 | $48,072 |