$575,000
Investment Summary
- Monthly Cash Flow
- -$1,640
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -14.9%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.4%
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
Beautiful house, quiet setting, level park-like property with fully fenced back yard! In 2002, a huge 2nd floor addition and a full renovation of the main floor created an amazing home! The homeowners are INCLUDING 279 Johnson Rd, an adjoining lot with 2 Garages, 40x28 w/heat & 1/2 bath. 2nd garage is 24x24 - More info further down... Total acreage of lots is 1.13 acres. Let's go back to the house! You will love the wonderful open Kitchen, which was fully re-done in 2018. Pretty white cabinets, gas range, hardwood floor, stainless appliances, travertine marble backsplash. At the end of the kitchen is a very large dining area with extra-wide patio doors to the deck and level back yard. In the kitchen are french pocket doors to a sun-filled Dining Rm or Den with hardwood. Very spacious Living Rm has a hardwood floor and large bay window, which overlooks the gardens and soothing fountain. Another important feature is the Main Floor Bedroom and Full Bath. Beautiful staircase leads to the large Primary Bedroom with Full Bath - this Cool, L-shaped Bedroom is full of natural light! Down the hall is another large bedroom (used as a quilting studio) with cathedral ceiling, stunning arched window, and access to the full bath. The partially finished Walk-Out lower level has a family rm/bedroom with a door to a patio and yard, a Full Bathroom, cute little playroom & great snack station! Also in the lower level are large storage rooms, utility rooms, closets. LED lighting throughout the home. **IMPROVEMENTS: 2025 submersible well pump & pressure tank. 200-Amp electric service. Water softener 8 years old. Oil hot- water heater 6 years old. **GARAGES: the larger of the two is 40x28! It's heated & extremely well insulated. 3 openers, 5 garage doors and an entry door. High ceiling, 200-Amp electric service, half bath, attic fan, oil heat furnace 2015. *The 2nd garage is 24 X 24, with a ceiling high enough to accommodate a lift. It has roughed-in plumbing, 100 Amp service, 50 Amp outlet, and outdoor 30 Amp RV hook up. BOTH Garages have a garage door directly opposite one another, so a vehicle can drive from one garage into the other. **LAND: 283 Johnson is .65 ac and 279 Johnson is .48 ac. **School and Town Taxes for each property are combined. For Train Commuters, Metro-North Train Station (Harlem Line) in Pawling is about 10 minutes away. While you're there, you'll find quaint shops, great eateries, banks, medical offices, etc. Johnson Rd has brand new blacktop! This is a nice area in a peaceful country setting. Enjoy Boyce Park, Stone Church. Appalachian Trail, more. **Both properties border 100+ acres of USA and NYS Land!**
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Location
Property Details
Parking
- Details: Detached, Driveway, Garage, Garage Door Opener, Heated Garage
- Garage Spaces: 5
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 3
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 8
- # of Stories: 1
- Basement: Yes
- Basement Description: Partially Finished, Storage Space, Walk-Out Access
Exterior Features
- Exterior Walls Materials: Siding (Alum/Vinyl)
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1326007159002313480000
- Lot Size: 28314 sqft
Property Information
- Property Type: Single Family Residence
- Style: Cape Cod, Contemporary
- Year Built: 1962
Tax Information
- Annual Tax: $8,795
Utilities
- Water & Sewer: Public, Private, Well
- Heating: Oil
- Cooling: Wall/Window Unit(s)
Location
- County: Dutchess
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,640
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -14.9%
- Debt Coverage Ratio
- 0.44
- Internal Rate of Return (5 years)
- -10.4%
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:
| $575,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$460,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $115,000 |
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:
| $17,250 |
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:
| $132,250 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,058 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $279 |
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:
| $1.41 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $460,000 |
|---|---|
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:
| $2,908 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $733 |
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:
| $3,844 |
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. | 25% | -$733 | -$8,795 |
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 | 50% | -$1,458 | -$17,495 |
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:
| $1,268 | $15,216 |
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. | -$2,908 | -$34,896 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,640 | $19,680 |