$2,250,000
Investment Summary
- Monthly Cash Flow
- -$10,839
- Cap Rate
- 0.3%
- Cash-on-Cash Return
- -25.1%
- Debt Coverage Ratio
- 0.05
- Internal Rate of Return (5 years)
- -20.2%
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 quiet country living with this beautiful mixed-use farm & investment property! This unique property has so much to offer, including FOUR rental units (3 single family homes + a 3-bedroom apartment), a scenic creek that runs along the entire edge of the property (perfect for summer swims!) , stunning woodland trails with views of the mountains and farmland, along with multiple large barns & fertile soils, ideal for farming & agriculture. ---- The 2,157 sq. ft. historic stone house, built in 1780, has 2 bedrooms, 1.5 baths, hardwood floors, a large parlor, a dining room and living room, a porch overlooking the pond & a separate large carriage house 2 storage bays, a garage space, & a second floor that can be converted into additional storage or living space. This home has been recently updated & freshly painted & has a new roof & new septic system. ---On this property you will also find a large private pond (perfect for fishing!), tons of storage areas, and a 3-bay workshop (perfect for wood-working or other hands-on projects), several large barns capable of storing farm equipment, hay, boats, animals, lumber, vehicles, etc., and wooded areas for hiking & other ideal spots for hunting or camping. ---In addition to the stone house, this property also has 3 ADDITIONAL units. It also has a well and septic already set up for a potential 5th unit near the pond, making this an incredible investment opportunity! The fields can also be leased out to farmers for additional income & tax exemptions. ---The 3 additional units include: --"The Log House" which is a 1,068 sq. ft. single-family log home built in 2005, with 2 bedrooms (plus 2 garrett rooms on second floor), 1 bathroom, a full basement and a large wrap-around porch. --"The Ranch" which is a 1,425 sq. ft. ranch-style modular home built in 2005, with 3 beds and 2 baths, a large full walk-out basement, a beautiful spacious yard with a large pond, and a storage shed. There is also a small creek that runs along the back of the home, a large wrap-around porch, and a ton of privacy! -- *This unit is located on the opposite side of the road, along with the existing well & septic for potential 5th unit - this portion of the property would be easily subdividable.* ---"The Milkhouse Apartment" is a roughly 965 sq. ft. 3 bed, 1 bath apartment located on a second floor above the milkhouse. It has a spacious living room with a sliding door to the rear deck which allows for privacy and views of the back fields & the creek, and it also has a large storage unit underneath. ---The property also has 2 chicken coops if you are looking to raise your own chickens! There are also multiple large barns capable of housing many other animals, making this an ideal place for an animal sanctuary. ---This property offers both convenience & peace and quiet. It is located on a quiet back road, but less than 10 minutes from downtown Hudson, grocery stores, schools, restaurants, clothing stores, and the train station. The large open fields offer wide views of the night sky, perfect for star-gazing! Come see it for yourself, the possibilities are endless! --(Located in the town of Greenport [no zoning]) (Associated with MLS#850930 (land))
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Location
Property Details
Parking
- Description: Off Street
- Details: Attached, Carport, Covered, Detached, Driveway
- Garage Spaces: 5
- Spaces Total: 10
Bedroom Information
- # of Bedrooms: 12
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 0
- Basement Description: Full, Unfinished, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
Land Information
- Land Use: Residential Income
- Land Use Subtype: Multi-Family Dwellings (any combination 2+)
Lot Information
- Parcel ID: 104000130.19
- Lot Size: 3006511 sqft
Property Information
- Property Type: Quadruplex
- Style: Cabin, Carriage House, Log, Other, Ranch
- Year Built: 1920
Tax Information
- Annual Tax: $17,558
Utilities
- Water & Sewer: Public, Private, Shared Well
- Heating: Baseboard, Electric, Oil
- Cooling: None
Location
- County: Columbia
Listing Details
Investment Summary
- Monthly Cash Flow
- -$10,839
- Cap Rate
- 0.3%
- Cash-on-Cash Return
- -25.1%
- Debt Coverage Ratio
- 0.05
- Internal Rate of Return (5 years)
- -20.2%
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:
| $2,250,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,800,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $450,000 |
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:
| $67,500 |
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:
| $517,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 0 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| n/a |
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:
| n/a |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,800,000 |
|---|---|
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:
| $11,377 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,463 |
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:
| $203 |
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:
| $13,043 |
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:
| $2,900 | $34,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$174 | -$2,088 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,726 | $32,712 |
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. | 50% | -$1,463 | -$17,558 |
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% | -$203 | -$2,436 |
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% | -$232 | -$2,784 |
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% | -$145 | -$1,740 |
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% | -$145 | -$1,740 |
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 | 75% | -$2,188 | -$26,258 |
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:
| $538 | $6,456 |
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. | -$11,377 | -$136,524 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $10,839 | $130,068 |