$1,495,000
Investment Summary
- Monthly Cash Flow
- -$3,898
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.2%
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
Multiple offers with backups. Seller will still continue to show. Step into a world of refined living at this unforgettable estate, tucked within Somers’ prestigious Cale Farms neighborhood. More than just a home, this is a destination—your private sanctuary and a luxurious lifestyle upgrade just in time for the summer heatwave. When temperatures soar, retreat to your personal backyard oasis: a heated, resort-style free-form pool with a cascading waterfall, a heated spa, a fully equipped outdoor cabana with kitchen, an outdoor shower, and a separate exterior bathroom for seamless poolside comfort. This outdoor escape perfectly blends elegance, function, and resort-caliber amenities, all set in complete privacy. As the sun begins to set, the newly installed natural stone reflects the golden hour glow across the pool and waterfall, creating a tranquil, almost cinematic atmosphere. Mornings begin with coffee in the sunroom, afternoons float by in the water, and evenings wind down beneath a blanket of stars beside the spa. Every moment feels like a retreat. Spanning over 5,100 square feet, the home lives like a five-bedroom and is thoughtfully designed for both everyday living and elegant entertaining. Formal living and dining rooms transition smoothly into a dramatic two-story family room with a fireplace, creating a natural gathering space with soaring ceilings. The recently updated eat-in kitchen features a refined new backsplash and upscale finishes and opens into a sun-drenched breakfast nook and panoramic sunroom with peaceful views of the backyard retreat. There are two dedicated home offices that elevate the home’s flexibility and functionality. On the main level, a richly appointed office with French doors and Ralph Lauren-inspired wallpaper delivers traditional character and a quiet place to focus. Upstairs, a second home office offers a more tranquil atmosphere with its own private rooftop deck overlooking the pool. Whether used for work, reflection, or wellness, this space feels like the ultimate spa-inspired de-stresser—a peaceful retreat tucked just above it all. The finished walkout lower level enhances the home’s versatility even further, offering a large play area, home gym, wet bar with two wine coolers, a full bathroom, and brand-new wood-look tile flooring. Whether hosting guests, relaxing with family, or creating a recreation zone, this level is a functional and beautifully finished extension of the main home. Comfort and convenience are built into every detail. The home features new central air conditioning on the second floor, two new hot water heaters serving the main house and cabana, and a reverse osmosis water softener system by Westfair. Additional infrastructure upgrades include updated underground drainage, the fully permitted removal of the above-ground oil tank, and epoxy-coated garage flooring for durability, cleanliness, and a polished, finished look. Everyday ease is enhanced by modern amenities such as surround sound throughout the home, central vacuum, Ring camera systems inside and out, washer and dryer hookups on every level, and a new FIOS high-speed internet system. Even a chandelier lift system has been installed, allowing for effortless maintenance of the dramatic lighting in the main foyer. Storage is abundant, with a full attic, a spacious basement, and multiple walk-in closets throughout. The upstairs primary suite serves as a private sanctuary, complete with a luxurious spa-style bathroom that includes a top-of-the-line Toto toilet valued at over $5,000. Whether you're searching for a full-time residence or a weekend escape, this estate offers a rare combination of space, serenity, and resort-style living in one of Westchester County’s most desirable communities. From peaceful mornings in the sunroom to vibrant evenings by the pool, this home delivers a seamless connection to natural beauty, comfort, and elevated living—all with the turn of a key.
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Location
Property Details
Parking
- Description: Attached, 2 Car Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 14
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Pool: Yes
HOA
- Has HOA: Yes
- HOA Fee: $225/quarterly
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 55520027.13145
- Lot Size: 55321 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 1997
Tax Information
- Annual Tax: $28,020
Utilities
- Water & Sewer: Other
- Cooling: Central Air
Location
- County: Westchester
Listing Details
Investment Summary
- Monthly Cash Flow
- -$3,898
- Cap Rate
- 2.9%
- Cash-on-Cash Return
- -13.6%
- Debt Coverage Ratio
- 0.48
- Internal Rate of Return (5 years)
- -9.2%
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:
| $1,495,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,196,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $299,000 |
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:
| $44,850 |
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:
| $343,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,122 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $292 |
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:
| $1.72 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,196,000 |
|---|---|
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:
| $7,560 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $2,335 |
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:
| $616 |
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:
| $10,511 |
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:
| $8,800 | $105,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$528 | -$6,336 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,272 | $99,264 |
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. | 27% | -$2,335 | -$28,020 |
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% | -$616 | -$7,392 |
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% | -$704 | -$8,448 |
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% | -$440 | -$5,280 |
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% | -$440 | -$5,280 |
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. | 1% | -$75 | -$900 |
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 | 52% | -$4,610 | -$55,320 |
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:
| $3,662 | $43,944 |
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. | -$7,560 | -$90,720 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$3,898 | -$46,776 |