$599,999
Investment Summary
- Monthly Cash Flow
- -$1,349
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -11.7%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.4%
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
Discover the charm of Red Hook, New York, with this inviting ranch-style residence at 7641 N Broadway. Nestled in one of the Hudson Valley’s most desirable communities, this beautifully maintained single-family home offers 2,657 sq. ft. across two levels—featuring 1,992 sq. ft. on the main floor and a full finished basement below. Inside, you’ll find four generously sized bedrooms and two full bathrooms, plus a convenient half bath. The layout is thoughtfully designed with a spacious living room, formal dining area, well-appointed kitchen, cozy family room, and a versatile recreation room. Gleaming hardwood floors stretch throughout, with floating laminate in the primary and guest bedrooms. The primary suite includes a walk-in closet, and one bedroom is currently configured as a home office. The basement adds tremendous value with a stylish half bath, craft room, utility space, and abundant storage. Comfort is key, with central air and central heat ensuring year-round ease. Step outside to enjoy a landscaped half-acre lot, featuring lush gardens, a level front yard, and a partially fenced backyard. A screened-in porch offers a quiet place to unwind, while the primary bedroom opens into a bright three-season room with three entrances—perfect for morning coffee or evening sunsets. The driveway fits 3–4 cars, plus two additional parking spaces. From the rear windows, take in stunning mountain views. Just minutes away lies the world-famous Old Rhinebeck Aerodrome, a living museum of antique aircraft with thrilling weekend airshows and vintage biplane rides—a one-of-a-kind experience for aviation enthusiasts and families alike. Living in Red Hook means more than just owning a beautiful home—it’s joining a vibrant, close-knit community. Red Hook boasts remarkably low crime rates, significantly below the national average, providing peace of mind and a true sense of security. Public transportation is excellent, with easy access to nearby train stations, bus routes, and regional rail connections—making commuting to nearby towns or NYC both simple and convenient. Red Hook’s thriving small business scene includes acclaimed restaurants like Misto Café and Mercato, along with favorites such as The Grove, Catalina’s Deli & Market, Club Sandwich, Taste Budd’s Café, and Holy Cow Ice Cream. Unique shops, artisan markets, and local farm stands provide an authentic and personal shopping experience. Cultural offerings are plentiful, with attractions like Lyceum Cinemas, the Center for Performing Arts at Rhinebeck, and Bard College’s Richard B. Fisher Center, home to the world-renowned Bard SummerScape festival. Families enjoy the Red Hook Recreation Park, complete with playgrounds, ball fields, a skate park, and a planned new community pool. Seasonal events like Apple Blossom Day, Hardscrabble Day, and the Dutchess County Fair fill the calendar with fun. Nature lovers will find endless options at Poets’ Walk Park, Ferncliff Forest, Montgomery Place, and Tivoli Bays Wildlife Management Area—ideal for hiking, kayaking, and birdwatching. Cyclists can cruise the scenic backroads or join the annual Tour de Red Hook. Local wineries and cideries like Tousey Winery and Rose Hill Farm add to the area’s agrarian appeal, as do seasonal harvests at Greig Farm and Mead Orchards. With a proposed Red Hook Waterfront Park on the horizon, the community is only growing in value and opportunity. Don’t miss your chance to own a piece of this extraordinary Hudson Valley lifestyle.
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Location
Property Details
Parking
- Description: A 2 Car Gar
- Garage Spaces: 1
- Spaces Total: 6
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 2
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 13
- # of Stories: 1
- Basement: Yes
- Basement Description: Full, Storage Space
- Fireplace: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1348016272075829840000
- Lot Size: 23958 sqft
Property Information
- Property Type: Single Family Residence
- Style: Ranch
- Year Built: 1967
Tax Information
- Annual Tax: $9,585
Utilities
- Water & Sewer: Public
- Heating: Baseboard
- Cooling: Central Air
Location
- County: Dutchess
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,349
- Cap Rate
- 3.4%
- Cash-on-Cash Return
- -11.7%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.4%
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:
| $599,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$479,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $120,000 |
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:
| $18,000 |
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:
| $138,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,992 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $301 |
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:
| $1.81 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $479,999 |
|---|---|
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:
| $3,034 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $799 |
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:
| $252 |
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:
| $4,085 |
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:
| $3,600 | $43,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$216 | -$2,592 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,384 | $40,608 |
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. | 22% | -$799 | -$9,585 |
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% | -$252 | -$3,024 |
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% | -$288 | -$3,456 |
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% | -$180 | -$2,160 |
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% | -$180 | -$2,160 |
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 | 47% | -$1,699 | -$20,385 |
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:
| $1,685 | $20,220 |
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. | -$3,034 | -$36,408 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,349 | $16,188 |