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$349,999

For Sale - Active
73 Meriline Ave, New Windsor, NY 12553
3 Beds
1 Bath
1,764 Square Feet
0.21 Acres Lot
Built in 1960
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 04, 2025 at 03:18AM

Investment Summary


Monthly Cash Flow
-$451
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Property Description


0.21 Acres Lot
Built in 1960
For Sale - Active
Units n/a

Opportunity knocks! This 3-bedroom, 1-bath home has solid bones and tons of potential for the right buyer. The finished lower level adds valuable bonus space—ideal for a home office, playroom, or guest suite. You'll also find a 1-car attached garage, off-street parking, and a generous yard ready for your personal touch. Just minutes from shopping, dining, and major commuter routes, this property is a smart choice for first-time buyers, investors, or handy homeowners looking to build equity. Whether you're ready to renovate or just want a home you can make your own, this one’s worth a look.

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Location


Property Details


Parking

  • Description: Underground/Basement
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 6
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Wood

Land Information

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

Lot Information

  • Parcel ID: 33480015614
  • Lot Size: 9000 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Split Level
  • Year Built: 1960

Tax Information

  • Annual Tax: $7,433

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard, Oil
  • Cooling: None

Location

  • County: Orange

Listing Details


Listed by:
Robert J. Brestovansky
eXp Realty
(888) 276-0630

Source:
OneKey MLS
MLS#: 858388
OneKey MLS

Investment Summary


Monthly Cash Flow
-$451
Cap Rate
4.7%
Cash-on-Cash Return
-6.7%
Debt Coverage Ratio
0.75
Internal Rate of Return (5 years)
-2.5%

Purchase Details

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Purchase price:
$349,999
Amount financed:
-$279,999
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
1,764
Cost per square foot:
$198
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$279,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,833
Property tax:
$619
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,655

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$619-$7,433
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (46%)
46%-$1,344-$16,133

Cash Flow


Monthly Yearly
Net operating income:
$1,382 $16,584
Mortgage payments:
-$1,833 -$21,996
Cash flow:
$451 $5,412