$700,000
Investment Summary
- Monthly Cash Flow
- -$1,700
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.7%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.3%
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 forever home: a property that has it all! This beautiful well-maintained residence has modern updates, and wonderful features that make it the house you'll want to call home. Step into the foyer, where you're immediately greeted by a majestic living room. With its soaring 18-foot ceiling, oversized windows, skylights, and elegant stone fireplace, this space is bathed in natural light and perfect for both relaxing and entertaining. The first floor offers convenience and comfort with 3 generously-sized bedrooms, including primary bedroom with walk-in closet connecting to beautifully updated full bath. Another bedroom off of living room boasts its own ensuite bath. Upstairs, you'll find private guest suite with skylights and large balcony overlooking the backyard. Separately, you'll find additional bedroom, currently used as an office, with charming Juliette balcony and new cold-climate heat pump mini-split. The finished basement/game room is the perfect spot for relaxation or entertaining. Don't miss the tasteful tiling at the base of the living room and kitchen doors. Enjoy the benefits of a new high-efficiency propane combi-boiler with on-demand hot water and 4 heating zones, geothermal central air, and powerful 22kW standby generator to ensure peace of mind during a power outage. Plus the attached 2-car garage has new plywood paneling for ample shelving and storage. Additional updates include a beautifully modernized kitchen with quartz countertops, WiFi Connect CAFE double oven and LG ThinQ refrigerator, and laundry room with Electrolux washer and dryer, as well as a new water filtration system, new outdoor stone patio, and newly paved driveway. This property is as practical as it is beautiful, with a 400-gallon retention water tank to prolong the life of the well pump. The cistern system for collecting rainwater is perfect for watering plants, while the propane gas line for the grill ensures you'll never run out mid-BBQ. The outdoor space is a true oasis, with a wonderful yard that's partially fenced - perfect for 4-legged friends, fire pit for cozy evenings, treehouse, shed, raised garden beds and even a greenhouse! Conveniently located near Ulster Performing Arts Center, Wiltwyck Golf Club, shopping, restaurants, uptown Kingston, Woodstock and the Ashokan Reservoir. Under 45 minutes from skiing at Hunter Mountain and Belleayre. Easy access to NYS Thruway. 2 hours from NYC. This home is more than just a house. It's a lifestyle! Don't miss your chance to own this wonderful property. Schedule your showing today and prepare to fall in love! ---- ADDITIONAL INFO: Because it doesn't get cold enough in basement (below approx 62 degrees), heat in basement is not connected. Basement baseboard and thermostat could be easily connected in the future. House also has geothermal heating system, but currently geothermal is just used for AC. Backup geothermal heating system (electric heat strip). House has 2 hot water heaters (combi-boiler and electric water heater). Electric water heater is currently turned off, because other water heater is being used. Hidden storage on wall of finished basement. 4 new windows in primary bedroom, kitchen, blue bedroom, and living room. Exterior electrical service near side driveway is currently used for mini-split, but could be used to park an RV or camper. --- GO TO FINALOFFER TO SIGN UP FOR REAL-TIME UPDATES ON THIS PROPERTY, SO YOU DON'T MISS OUT! --- According to 2022 appraisal, house has 4 bedrooms plus a walk up attic, and is 2996 sq ft. According to recent Matterport: 1st fl = 2,337 sq ft; 2nd fl = 561 sq ft; basement = 904 sq ft ; garage = 444 sq ft.
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Location
Property Details
Parking
- Description: Attached, 2 Car Attached, Driveway
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Basement: Yes
- Basement Description: Finished, Partial, Partially Finished, Storage Space
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 51540048.13332
- Lot Size: 25998 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1961
Tax Information
- Annual Tax: $10,215
Utilities
- Water & Sewer: Private, Well
- Heating: Baseboard, Geothermal, Heat Pump, Propane
- Cooling: Central Air, Geothermal
Location
- County: Ulster
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,700
- Cap Rate
- 3.2%
- Cash-on-Cash Return
- -12.7%
- Debt Coverage Ratio
- 0.52
- Internal Rate of Return (5 years)
- -8.3%
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:
| $700,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$560,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $140,000 |
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:
| $21,000 |
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:
| $161,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,600 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $269 |
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:
| $1.50 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $560,000 |
|---|---|
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:
| $3,540 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $851 |
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:
| $273 |
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:
| $4,664 |
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:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
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. | 22% | -$851 | -$10,215 |
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% | -$273 | -$3,276 |
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% | -$312 | -$3,744 |
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% | -$195 | -$2,340 |
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% | -$195 | -$2,340 |
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 | 47% | -$1,826 | -$21,915 |
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:
| $1,840 | $22,080 |
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. | -$3,540 | -$42,480 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,700 | $20,400 |