$2,675,000
Investment Summary
- Monthly Cash Flow
- -$13,849
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.0%
- Debt Coverage Ratio
- -0.02
- Internal Rate of Return (5 years)
- -22.0%
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
Magnificent newly built contemporary home sits on nearly an acre of perfectly manicured land, bordered by mature trees and a fully fenced property line offers the ultimate privacy. With 1,200 Sqft of living space in the pool house alone and 6,300Sqft in the main house, this home isn’t just luxurious, it’s unforgettable. Designed to impress and built to entertain, the backyard is nothing short of a private resort. With hosting and relaxing in mind, the outdoor space feels like your own private getaway. A stunning in-ground saltwater pool(20ft by 44ft) glistens under the sun, with electric pool cover, surrounded by elegant built-in fire pits, a bubbling above-ground hot tub, and a spacious patio perfect for gathering under the stars. A play & field area keeps the little ones entertained, while adults can unwind in the luxury pool house. Offering 1,200 SqFt of guest-ready living space, this showstopper includes a guest bedroom, recreation lounge with flat-screen TV, full kitchen, full bathroom with bidet, steam shower room, wet sauna and dry sauna. An additional exterior-access lavatory offers convenience for larger gatherings, making the entire backyard fully functional for multiple guests and large gatherings. Whether you're planning weekend parties or seeking a quiet morning by the water, this entire backyard is thoughtfully built around leisure and entertaining. Step inside the main home, where upscale finishes and custom design continue to shine. Enter through an oversized front door into a welcoming foyer, complete with two large coat closets and sleek tile that flows beautifully into wide light-wash hardwood floors throughout. The bright, spacious dining room is flooded with natural light from panoramic Pella windows, accented by recessed lighting for an added glow. The living room offers a tranquil setting under cathedral ceilings, centered around a modern and peaceful fireplace. In the heart of the home, the chef’s kitchen features quartz countertops, stainless steel appliances, an oversized refrigerator, center island with breakfast bar, walk-in pantry, an additional pantry, two sinks with gold fixtures, and a cozy dinette area. Sliding glass doors lead directly from the kitchen to a brand-new deck overlooking your breathtaking backyard retreat. Down the hall, you’ll find four spacious bedrooms, including the luxurious primary suite with a walk-in closet, a relaxing sitting area with an electric fireplace set against a dramatic dark wood accent wall, and direct views of the pool and patio. The spa-like ensuite bathroom features a whirlpool soaking tub and an oversized steam shower with dual shower heads. Your own personal sanctuary. An industrial sized laundry room provides maximum function with double washers and dryers, a sink, folding counters, and extensive cabinetry for storage. Descend the custom-lit staircase to the lower level, where comfort and functionality meet. A sun-filled, expansive family room greets you, with generous built-in storage and even a walk-in closet for optimal organization. Three additional bedrooms reside on this level, one of which boasts a private walk-out to the backyard. A fully equipped second kitchen with stainless-steel appliances, two microwaves, full-size refrigerator, and range provides additional convenience and flexibility. Along with 1.5 bathrooms, a second laundry room, private gym, and multiple walk-outs, including side entrance mudroom to the garage. Ideal for extended family and guests. Other highlights include an oversized two-car heated garage with automatic doors, central air conditioning (2 Zones), forced air (3 Zones), central vacuum, smart house, security system, water softener, and premium custom lighting and finishes throughout. Designed to impress both inside and out, it’s truly a rare opportunity to own this one-of-a-kind property. Come view today.
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Location
Property Details
Parking
- Description: Attached, 1 Car Attached, Driveway
- Details: Driveway, Garage, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 8
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 16
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Composition/Composite
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 39262161.12215
- Lot Size: 39204 sqft
Property Information
- Property Type: Single Family Residence
- Style: Contemporary
- Year Built: 2024
Tax Information
- Annual Tax: $37,000
Utilities
- Water & Sewer: Public
- Heating: Forced Air
- Cooling: Central Air
Location
- County: Rockland
Listing Details
Investment Summary
- Monthly Cash Flow
- -$13,849
- Cap Rate
- -0.1%
- Cash-on-Cash Return
- -27.0%
- Debt Coverage Ratio
- -0.02
- Internal Rate of Return (5 years)
- -22.0%
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:
| $2,675,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$2,140,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $535,000 |
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:
| $80,250 |
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:
| $615,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,500 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $357 |
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:
| $0.53 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $2,140,000 |
|---|---|
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:
| $13,526 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,083 |
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:
| $280 |
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:
| $16,889 |
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:
| $4,000 | $48,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$240 | -$2,880 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,760 | $45,120 |
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. | 77% | -$3,083 | -$37,000 |
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% | -$280 | -$3,360 |
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% | -$320 | -$3,840 |
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% | -$200 | -$2,400 |
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% | -$200 | -$2,400 |
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 | 102% | -$4,083 | -$49,000 |
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:
| -$323 | -$3,876 |
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. | -$13,526 | -$162,312 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $13,849 | $166,188 |