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$699,000

For Sale - Active
119 Cedar Dr, Kerhonkson, NY 12446
3 Beds
3 Baths
2,848 Square Feet
2.63 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Aug 26, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$1,255
Cap Rate
3.9%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.1%

Property Description


2.63 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Nestled on a serene country road, this turnkey, beautifully maintained home offers exceptional comfort, privacy, diverse living spaces, and a host of modern updates – ideal for relaxed living. As you approach the circular driveway, you’re greeted by a sprawling front lawn, mature trees, and meticulously landscaped grounds that perfectly frame the property. Soak in the sights and sounds of summer from the front porch, which leads into the spacious and functional mudroom. Thoughtfully designed with built-in benches and ample storage, this entry point provides seamless access to the oversized, heated two-car garage, the main living space, and the backyard. The recently renovated kitchen shines with stainless steel appliances including a new LG refrigerator and Bosch dishwasher, stone countertops, and tiled backsplash. The centrally located dining area overlooks the inviting pool and lush grounds beyond, creating a stunning backdrop for everyday meals and special occasions with friends and loved ones. A renovated half bath is conveniently located between the mudroom and kitchen for added ease. The comfortable living room features a wood-burning fireplace as well as a pellet stove, offering dual options for supplemental warmth during colder months. Enjoy peaceful mornings bathed in sunlight as you gaze out at the picturesque cherry tree in the front yard. The main-level primary bedroom offers privacy and convenience, complete with an updated en-suite bathroom. Downstairs, two additional bedrooms share a full bath with tub and shower. A dedicated laundry room with a new washer, a spacious den with direct yard access, and an additional room – perfect for gaming, hobbies, or guests – enhance the home's flexibility. A separate utility room houses the well-maintained boiler and mechanical systems. Green thumbs will delight in the newly wrapped greenhouse and raised garden beds, while the fully fenced backyard ensures peace of mind for pet owners. In warmer months, enjoy al fresco dining under the canopy on the rear deck. Need more space? The unfinished loft above the garage presents many possibilities: a guest suite, large home office, media room, or accessory apartment. Park your RV, boat, or other recreational equipment in the covered tent adjacent to the garage. Thoughtful recent upgrades include six high-efficiency mini-splits for year-round climate control (heat+ac), a level two electric vehicle charger, whole house perimeter drainage system, a four-year young roof, and so much more. Enjoy all the area has to offer year-round, including endless hiking options at the Mohonk Preserve, local beer, cider, and dining at Arrowood Farms, Westwind orchard, Mill & Main, Wildflower, as well as luxury membership amenities found at Inness including golf, tennis, swimming, fine dining, and lodging. Not to mention all the conveniences of nearby Stone Ridge, Woodstock, Kingston, Rosendale, and New Paltz – less than a two hour drive from the George Washington Bridge.

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Location


Property Details


Parking

  • Description: Attached Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished, Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 51440068.132
  • Lot Size: 114563 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Raised Ranch
  • Year Built: 1998

Tax Information

  • Annual Tax: $9,070

Utilities

  • Water & Sewer: Private, Well
  • Heating: Baseboard, Heat Pump, Hot Water, Oil, See Remarks, Wood
  • Cooling: Ductless

Location

  • County: Ulster

Listing Details


Listed by:
Andrew Condon
Halter Associates Realty Inc
(646) 531-7725

Source:
OneKey MLS
MLS#: 865333
OneKey MLS

Investment Summary


Monthly Cash Flow
-$1,255
Cap Rate
3.9%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.1%

Purchase Details

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Purchase price:
$699,000
Amount financed:
-$559,200
Down payment:
$139,800
Closing costs:
$20,970
Rehab costs:
$0
Initial cash invested:
$160,770
Square feet:
2,848
Cost per square foot:
$245
Monthly rent per square foot:
$1.54

Financing Details

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Loan amount:
$559,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$3,535
Property tax:
$756
Insurance:
$308
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,599

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,400 $52,800
Vacancy loss: (6%)
6% -$264 -$3,168
Operating income:
$4,136 $49,632

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$756-$9,070
Insurance: (7%)
7%-$308-$3,696
Property management: (8%)
8%-$352-$4,224
Repairs & maintenance: (5%)
5%-$220-$2,640
Capital expenditures: (5%)
5%-$220-$2,640
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,856-$22,270

Cash Flow


Monthly Yearly
Net operating income:
$2,280 $27,360
Mortgage payments:
-$3,535 -$42,420
Cash flow:
$1,255 $15,060