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$674,500

Sale Pending
38 S View Ct, Poughkeepsie, NY 12603
4 Beds
3 Baths
2,124 Square Feet
1.39 Acres Lot
Built in 2009
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 09, 2025 at 03:08AM

Investment Summary


Monthly Cash Flow
-$2,008
Cap Rate
2.5%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.0%

Property Description


1.39 Acres Lot
Built in 2009
Sale Pending
Units n/a

This impeccably maintained Colonial is set on a majestic homesite on a quiet cul-de-sac in the desirable Southview Farms community in the Town of LaGrange. Enjoy peaceful sunsets from the rocking-chair front porch of this picture-perfect home set on over an acre of beautifully landscaped property. Inside, you're welcomed by a dramatic two-story entry foyer, flanked by a formal living room and dining room with custom moldings and stylish finishes. Newly stained hardwood flooring runs throughout the first level, leading to an open-concept chef's kitchen appointed with custom Kemper cabinetry, a huge walk-in pantry, and stainless steel appliances which include a new GE stove and refrigerator. This kitchen opens to a spacious family room and a breakfast area with sliding glass door leading to a stamped concrete patio offering privacy and the perfect spot for entertaining and relaxation. The second level offers four large bedrooms, all with custom closet systems, including a primary bedroom suite with a private bathroom, and a large walk-in closet. There is also a spacious hall bathroom with a double vanity. The lower level features a huge laundry room, recreation room, workshop, storage room with custom shelving, and an egress window, making it suitable for legal finishing. There is additional storage space above the 2 car garage. More quality features in this home include: Silver Line by Andersen energy efficient double hung windows, 2-zone HVAC system, updated doors and hardware throughout, hot water heater (2023), washer and dryer (2021), water softener (2021). This home is in a prime location within the Arlington School District, and is just 6.5 miles from the Metro-North Poughkeepsie Train Station and only 4 miles from the Taconic State Parkway, making it an excellent choice for NYC commuters. Don't miss this exceptional move-in ready home!

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Location


Property Details


Parking

  • Description: 2 Cars, Attached, Garage
  • Details: Attached, Driveway, Garage, Garage Door Opener, Storage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1334006360033903870000
  • Lot Size: 60548 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 2009

Tax Information

  • Annual Tax: $15,461

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air, Propane
  • Cooling: Central Air

Location

  • County: Dutchess

Listing Details


Listed by:
Tina Townsend
BHHS Hudson Valley Properties
(914) 456-4097

Source:
OneKey MLS
MLS#: 878394
OneKey MLS

Investment Summary


Monthly Cash Flow
-$2,008
Cap Rate
2.5%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$674,500
Amount financed:
-$539,600
Down payment:
$134,900
Closing costs:
$20,235
Rehab costs:
$0
Initial cash invested:
$155,135
Square feet:
2,124
Cost per square foot:
$318
Monthly rent per square foot:
$1.84

Financing Details

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Loan amount:
$539,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$3,411
Property tax:
$1,288
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,972

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (33%)
33%-$1,288-$15,461
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (58%)
58%-$2,263-$27,161

Cash Flow


Monthly Yearly
Net operating income:
$1,403 $16,836
Mortgage payments:
-$3,411 -$40,932
Cash flow:
$2,008 $24,096