$1,995,000
Investment Summary
- Monthly Cash Flow
- -$8,847
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.1%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.3%
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
Step into a timeless masterpiece - an exceptional circa-1769 estate that remains a rare jewel of Hudson Valley history. Set across 96 pristine acres and graced with approximately 800 feet of serene stream frontage along the Mombaccus Creek, this remarkable property is a poetic fusion of colonial-era charm and pastoral tranquility. Experience an immediate sense of calm as you arrive along the beautifully paved, winding driveway, where picturesque views of the home, barn, and fenced pasture draw you in and invite further exploration. From the moment one enters, the home greets with elegant authenticity. A grand staircase stands at the heart of the space, accompanied by classic woodwork, hand-crafted built-ins, and wide plank flooring that whispers stories of centuries past. Expansive windows reveal sweeping views of the Mohonk Mountain House, offering an ever-changing canvas of natural beauty from nearly every room. The interior layout reflects its 18th-century origins while seamlessly supporting contemporary living. A cozy living room warmed by a wood-burning stove invites relaxation, while a dedicated entertainment space complete with a full bar promises memorable gatherings. The country-style kitchen blends rustic charm with modern sophistication, featuring top-tier appliances including a Wolf cooktop and oven, Miele oven and Sub-Zero refrigerator ideal for crafting gourmet meals with ease. Adjacent, the formal dining room highlights custom-built-in cabinetry and offers an inviting space for elegant entertaining and intimate gatherings. Transition seamlessly into the formal sitting room, complete with a cozy office nook perfect for working from home while enjoying sweeping views of the pastoral landscape beyond. Ascending the stairs, the second floor reveals three spacious bedrooms, two full bathrooms, and a versatile room perfect for an office, studio, or guest accommodation. A charming rear staircase tucked off the kitchen provides both a nostalgic touch and functional flow. Beneath the home, a full basement delivers ample storage and utility options, and a walk-up attic invites creative expansion. Beyond the walls, the grounds bloom in harmony with the changing seasons. Flowering trees and lush greenery frame every path and pasture. Be enchanted by the old covered bridge stretching over the babbling brook that winds its way behind the homestead. The estate also features a massive three-story barn and multiple outbuildings, allowing endless possibilities for farming, livestock, artisanal workshops, or imaginative pursuits. Spend time roaming the pastures, while enjoying the sound of the Mombaccus creek and taking advantage of the swimming holes on hot summer days. The location offers unparalleled access to the Hudson Valley’s finest destinations. Golf and upscale dining await at nearby Inness, while Arrowood Farms and Westwind Orchard serve up craft spirits and fresh fare. Local favorites like Mill & Main Provisions, Flying Goose Tavern, and Rough Cut Brewery bring culinary creativity to the neighborhood. Saunderskill and Kelder’s Farms offer seasonal bounty and berry picking come autumn, while Minnewaska State Park presents miles of scenic trails for hiking and biking adventures. Situated just 90 minutes from Metro New York, this property delivers a once-in-a-lifetime opportunity to own a living piece of early American history. Embrace the chance to become the fourth steward of this generational farmstead nestled in the heart of the breathtaking Hudson Valley.
Build Your Team
Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.
Agents
Match with investor-friendly agents who can help you find, analyze, and close your next deal
Lenders
Get the best funding…find investor-friendly lenders who specialize in your deal strategy
Property Managers
Transition to passive investing. Find a trusted property management partnership that lasts.
Tax Pros & Accountants
Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more
Location
Property Details
Parking
- Description: Detached Garage
- Details: Driveway
- Garage Spaces: 0
- 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: 12
- # of Stories: 2
- Basement: Yes
- Basement Description: Full, Unfinished
Exterior Features
- Exterior Walls Materials: Rock, Stone
Land Information
- Land Use: Residential
- Land Use Subtype: Rural/Agricultural
Lot Information
- Parcel ID: 51440076.111.100
- Lot Size: 4181760 sqft
Property Information
- Property Type: Single Family Residence
- Style: Farmhouse
- Year Built: 1769
Tax Information
- Annual Tax: $23,192
Utilities
- Water & Sewer: Private, Well
- Heating: Baseboard, Oil
- Cooling: None
Location
- County: Ulster
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,847
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.1%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.3%
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:
| $1,995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,596,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $399,000 |
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:
| $59,850 |
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:
| $458,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,504 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $569 |
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:
| $1.31 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,596,000 |
|---|---|
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:
| $10,088 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,933 |
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:
| $322 |
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:
| $12,343 |
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:
| $4,600 | $55,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$276 | -$3,312 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,324 | $51,888 |
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. | 42% | -$1,933 | -$23,193 |
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% | -$322 | -$3,864 |
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% | -$368 | -$4,416 |
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% | -$230 | -$2,760 |
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% | -$230 | -$2,760 |
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 | 67% | -$3,083 | -$36,993 |
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:
| $1,241 | $14,892 |
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. | -$10,088 | -$121,056 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$8,847 | -$106,164 |