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$499,900

Sale Pending
15 Park Ave, Greenwood Lake, NY 10925
4 Beds
2 Baths
2,650 Square Feet
0.00 Acres Lot
Built in 1985
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 30, 2025 at 04:28AM

Investment Summary


Monthly Cash Flow
-$1,193
Cap Rate
3.2%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Property Description


0.00 Acres Lot
Built in 1985
Sale Pending
Units n/a

Welcome to this contemporary home nestled in the serene and sought-after Forest Park section of Greenwood Lake, NY. Offering 4 spacious bedrooms and 2 full bathrooms, this residence boasts 2,650 square feet of living space, perfectly situated on a generous 0.71-acre lot. Forest Park offers a private beach a short walk away from the home. Close to shops, restaurants & hiking trails! Some exterior photo’s have been virtual staged to show spring and summer.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood

HOA

  • Has HOA: Yes
  • HOA Fee: $157/monthly

Land Information

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

Lot Information

  • Parcel ID: 33548977912
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1985

Tax Information

  • Annual Tax: $11,081

Utilities

  • Water & Sewer: Private, Well
  • Heating: Baseboard, Heat Pump, Propane
  • Cooling: Ductless

Location

  • County: Orange

Listing Details


Listed by:
Stephen Ramundo
Keller Williams Valley Realty
(845) 596-2173

Source:
OneKey MLS
MLS#: 879348
OneKey MLS

Investment Summary


Monthly Cash Flow
-$1,193
Cap Rate
3.2%
Cash-on-Cash Return
-12.5%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.1%

Purchase Details

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Purchase price:
$499,900
Amount financed:
-$399,920
Down payment:
$99,980
Closing costs:
$14,997
Rehab costs:
$0
Initial cash invested:
$114,977
Square feet:
2,650
Cost per square foot:
$189
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$399,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$2,528
Property tax:
$923
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,696

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (26%)
26%-$923-$11,081
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (4%)
4%-$157-$1,884
Total operating expenses: (56%)
56%-$1,955-$23,465

Cash Flow


Monthly Yearly
Net operating income:
$1,335 $16,020
Mortgage payments:
-$2,528 -$30,336
Cash flow:
$1,193 $14,316