$12,750,000
Investment Summary
- Monthly Cash Flow
- -$59,346
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.3%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -19.4%
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
This refined modern is unparalleled. Set on 1.67 acres within the coveted Bell Estate in Amagansett and bordering over 50 acres of reserve, the setting affords exceptional privacy and a locational advantage you will love. A perfectly positioned residence just minutes to Amagansett's Main Street, the ocean, and the bay. Meticulous execution, thoughtful design, and noticeable attention to detail throughout this new construction, the results showcase natural light, embrace the surroundings, and seamlessly blur the lines between indoor/outdoor living. The minimal exterior offers clean lines and texture, beginning with its vertical grain clear cedar siding, custom-milled cedar screens and floor-to-ceiling windows and doors. A dramatic architectural overhang at the rear elevation filters the light and adds rhythm to terraces and balconies below. A stunning custom 50' gunite pool with lap lane, spa, and sun shelf anchors the backyard along with a pergola-covered lounge offering welcoming shade on a hot summer's day. Mature native landscaping enhances and surrounds the abundance of exterior living space with over 3,000 square feet of terraces including a covered outdoor kitchen and dining area, bluestone patios, Ipe balconies, and an upper sundeck. Inside, clean lines meet sumptuous and enduring materials. From the second-floor mezzanine one can fully appreciate the impressive main living area. A 20' vertical clear cedar wall defines the dining area, while a double-height window wall brings the outdoors in. A STUV wood-burning fireplace encased in statuary marble is the perfect transition from the great room to the spacious den. Features include 7" wide white oak flooring, 9' interior doors, recessed silo lighting, and a striking steel-and-oak mono-stringer staircase. The home spans approximately 10,000 square feet across three finished levels. Eight ensuite bedrooms include a first-floor primary suite, second-floor primary, and junior primary. All feature walk-in closets, floor-to-ceiling glass sliding doors, and access to private or semi-private outdoor spaces. Spa-caliber bathrooms, with full-height natural stone and marble tile, cedar accents, floating white oak vanities, brushed nickel fixtures, Robern medicine cabinets, freestanding tubs, and integrated custom mirrors with vertical lighting. Natural light continues all day in the fully finished lower level with an east and west facing sliders, plus oversized windows. Here indulge in your own private wellness suite including a mirrored fitness studio with ballet barre, cedar-walled sauna with glass panel, separate steam room, and custom stainless steel Reiki soaking tub. Additional amenities on this level include a modern wine room, wet bar, media space, and expansive recreation lounge. Back on the main level, the kitchen is a work of art and is made to entertain. The Henrybuilt kitchen offers refined aesthetics with exceptional function; an oversized fluted white oak island, statuary marble countertops and backsplash, and integrated Gaggenau appliances, including wine column, induction cooktop, wall ovens, and fridge. A discreet auxiliary kitchen offers matching finishes, Miele and Gaggenau appliances, a gas range with custom steel hood, coffee bar, and utility island. Adjacent mudroom, side entrance, and laundry room add everyday convenience. Engineered and fully equipped for longevity and efficiency, the home features a Lutron RadioRA smart system for app-controlled HVAC, lighting, AV, and pool. All bedrooms and living spaces are AV/media ready. Additional green features include spray foam insulation, whole-home water filtration, a 10kw solar array, and a HERS-rated energy performance build. Set for completion late fall 2025 within Bell Estate in Amagansett. Listing ID: 923878
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Location
Property Details
Parking
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 8
- # of Baths (Total): 9.0
Interior Features
- # of Rooms: 12
- Basement Description: Finished
- Fireplace: Yes
Exterior Features
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0300126.0001.00018.033
- Lot Size: 0 sqft
Property Information
- Property Type: Single Family Residence
- Style: Modern
- Year Built: 2025
Tax Information
- Annual Tax: $2,255
Utilities
- Water & Sewer: Private, Well
- Heating: Forced Air, Propane
- Cooling: Central Air
Location
- County: Suffolk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$59,346
- Cap Rate
- 0.5%
- Cash-on-Cash Return
- -24.3%
- Debt Coverage Ratio
- 0.08
- Internal Rate of Return (5 years)
- -19.4%
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:
| $12,750,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$10,200,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $2,550,000 |
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:
| $382,500 |
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:
| $2,932,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 10,000 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,275 |
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:
| $0.77 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $10,200,000 |
|---|---|
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:
| $64,471 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $188 |
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:
| $539 |
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:
| $65,198 |
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:
| $7,700 | $92,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$462 | -$5,544 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,238 | $86,856 |
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. | 2% | -$188 | -$2,255 |
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% | -$539 | -$6,468 |
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% | -$616 | -$7,392 |
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% | -$385 | -$4,620 |
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% | -$385 | -$4,620 |
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 | 27% | -$2,113 | -$25,355 |
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:
| $5,125 | $61,500 |
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. | -$64,471 | -$773,652 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$59,346 | -$712,152 |