$1,899,000
Investment Summary
- Monthly Cash Flow
- -$7,618
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -20.9%
- Debt Coverage Ratio
- 0.21
- Internal Rate of Return (5 years)
- -16.2%
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
Experience The Pinnacle Of Modern Luxury And Sophisticated Design In This Meticulously Crafted Contemporary 5 Bedroom 3.5 Bathroom Home, Nestled In One Of Long Island’s Most Sought-After Neighborhoods, Muttontown Knolls. Set Within The Award-Winning Syosset School District, This Exceptional Residence Offers Unparalleled Comfort, Refined Craftsmanship, And Cutting-Edge Amenities—Perfectly Blending Elegance With Functionality. Step Through The Custom Wrought Iron Double Doors Into A Sun-Drenched Foyer With Soaring Vaulted Ceilings And A Seamless Flow Of Natural Light Pouring In From Multiple Skylights. Rich Cherry Hardwood Flooring Graces The Entire First Level, Complemented By Custom Finishes Throughout. The Heart Of The Home Is The Chef’s Dream Kitchen, Designed To Impress The Most Discerning Culinary Enthusiast. Featuring State-Of-The-Art Sub-Zero Refrigeration, Wolf Double Ovens, Thermador Induction Cooktop, A Sleek Sharp Microwave Drawer, Stainless Steel Vented Hood, And Custom Dutch Made Maple Cabinetry, A Large Walk-In Pantry And Adjacent Wet Bar With GE Monogram Wine Storage Provide Seamless Entertaining Capabilities, An Expansive Formal Dining Room With Vaulted Ceilings And Grand Front-Facing Windows Is Ideal For Hosting Intimate Dinners Or Grand Gatherings. Nearby, The Ultra-Bright Formal Living Room And Oversized Family Room Boast A Wall Of Windows, Recessed Lighting, And Custom Split-System Supplemental HVAC—Offering Both Cozy Ambiance And Year-Round Comfort. A Rare First-Floor En Suite Bedroom Offers Privacy And Convenience, Complete With An Updated Full Bath Ideal For Guests Or Multi-Generational Living. Additional Main Level Features Include A Dedicated Laundry Room With LG Front-Load Washer And Dryer, Dual Storage Closets, And A Sleek First-Floor Powder Room. The Second Level Offers A Peaceful Sanctuary With An Expansive Primary Suite Featuring Vaulted Ceilings, Recessed Lighting, Wall Of Windows, And Newly Refinished Oak Hardwood Flooring. A Custom-Designed Dressing Area Leads To An Opulent Marble-Clad Primary Bath, Showcasing An Oversized Vanity, Jetted Soaking Tub, Large Walk-In Shower With Updated Body Sprays, Handheld, And High-End Fixtures. The Suite Is Further Elevated By A Custom Walk-In Closet And HVAC Split System For Supplemental Climate Control. Three Additional Generously Sized Bedrooms Offer Deep And Double-Door Closets, Hardwood Flooring Under Plush Carpet, And Access To A Newly Renovated Main Bathroom With Quartz, Porcelain, And Marble Accents. The Fully Finished Lower Level Boasts Porcelain Marble-Style Tile Floors And Multiple Flexible-Use Spaces—Ideal For A Home Theater, Gym, Office, Or Entertainment Lounge. This Smart And Efficient Home Features A Seven Zone Irrigation System, System 2000 Oil Boiler, 80-Gallon Indirect Hot Water Tank, Dual Central Air HVAC Systems, Central Vacuum, And Is Fully Wired For A Custom Surveillance And Alarm System. A Two-Car Garage Includes Additional Refrigerator And Freezer, Tesla Electric Vehicle Charger, 200-Amp Electric Service, And Three Tesla Powerwalls, All Powered By Extensive Solar Panels Providing Optimal Energy Efficiency And Peace Of Mind. Set On 1/2 Acre Of Plush Mature Plantings, Enjoy An Expansive Deck, Paver Patio, Newly Fenced Yard, And Plenty Of Room For Pool Or Your Custom Luxury Outdoor Space. Modern Sophistication, Unmatched Craftsmanship, And Exceptional Amenities In One Of Long Island’s Most Elite Communities. Welcome Home.
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Location
Property Details
Parking
- Description: Mixed
- Details: Driveway, Garage, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 8
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: Finished, Full, Storage Space
Exterior Features
- Exterior Walls Materials: Wood
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1500A002247
- Lot Size: 21750 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary, Modern
- Year Built: 1985
Tax Information
- Annual Tax: $33,328
Utilities
- Water & Sewer: Public
- Heating: Baseboard, Hot Water, Oil
- Cooling: Central Air
Location
- County: Nassau
Listing Details
Investment Summary
- Monthly Cash Flow
- -$7,618
- Cap Rate
- 1.3%
- Cash-on-Cash Return
- -20.9%
- Debt Coverage Ratio
- 0.21
- Internal Rate of Return (5 years)
- -16.2%
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:
| $1,899,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,519,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $379,800 |
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:
| $56,970 |
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:
| $436,770 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,776 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $503 |
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:
| $1.83 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,519,200 |
|---|---|
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:
| $9,602 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,777 |
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:
| $483 |
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:
| $12,862 |
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:
| $6,900 | $82,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$414 | -$4,968 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $6,486 | $77,832 |
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. | 40% | -$2,777 | -$33,328 |
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% | -$483 | -$5,796 |
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% | -$552 | -$6,624 |
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% | -$345 | -$4,140 |
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% | -$345 | -$4,140 |
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 | 65% | -$4,502 | -$54,028 |
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:
| $1,984 | $23,808 |
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. | -$9,602 | -$115,224 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $7,618 | $91,416 |