$657,000
Investment Summary
- Monthly Cash Flow
- -$1,067
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -8.5%
- Debt Coverage Ratio
- 0.68
- Internal Rate of Return (5 years)
- -4.2%
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
Lovely South-Side spacious home sited on a beautifully landscaped 2.5-acre parklike property. The Oaks homestead is a captivating blend of nature and gracious living. This custom-built brick home, set back from the road, offers a serene retreat with lush specimen trees and rolling lawns that create a picturesque backdrop for your new lifestyle. The property features an expansive patio, inviting porch, and an elegant pergola, perfect for outdoor gatherings and peaceful relaxation. As you approach the home, you'll be greeted by a lovely foyer that exudes warmth and sophistication. The mid-century modern staircase, adorned with a walnut balustrade, leads to the second level, while herringbone parquet wood flooring adds a touch of timeless elegance. Spanning an impressive 3,800 square feet just on the main floor, with an additional 1,384 square feet on the second level, this home is designed for both comfort, style and flexible living. The main floor boasts a spacious primary suite complete with a dressing room and a newly updated luxurious full bathroom, ensuring a private sanctuary for relaxation. Additionally, the second main floor bedroom features its own full bathroom with a walk-in shower, providing convenience for family or guests. The living room is a true centerpiece, enhanced by a beautiful fireplace with a marble hearth, recessed lighting, and crown moldings. Oversized windows flood the space with natural light, while a graceful bow window offers a stunning view of the surrounding landscape. For those who cherish the written word, the walnut library is a dream come true, featuring built-in bookcases and a wet bar. French doors lead to a private, sweeping blue stone patio that is partially covered, creating an ideal setting for entertaining or enjoying quiet evenings under the stars. The updated kitchen is a chef's delight, showcasing hand-hewn beams, new stainless-steel appliances, new black quartz and marble counter tops, recessed lighting, and open shelving. A butler's pantry provides additional storage, while a large seating area with an adobe fireplace invites family and friends to gather. Completing the main floor is a spacious office with a half bath and its own private entrance, perfect for those who work from home. The large main floor laundry room/mudroom leads to a heated three-car garage, offering both functionality and convenience. On the second floor, you will find two generously sized bedrooms, a walk-in cedar closet, full bath, and a versatile bonus room that can be tailored to your needs. The walk-in attic provides ample storage space, ensuring that everything has its place. The walkout lower-level features, a vintage Dutch door, workshop and a half bath, adding even more functionality to this expansive home. With modern upgrades including a newer high-efficiency heating system and central air, comfort is guaranteed throughout the year. Freshly painted main level. The Oaks is more than just a home; it’s a lifestyle enriched by nature, comfort, and elegance. Whether you are entertaining guests or enjoying a quiet evening at home, this property offers the perfect balance of luxury and tranquility. Don't miss the opportunity to make this stunning homestead your own! SQFT shown is for finished areas only. APX 800 sqft of unfinished space in lowest level. The enchanting Hudson Valley offers vineyards, parks, walking trails/Rail Trail, antique shops, cozy cafes and an abundance of culinary-grade and farm-to-table restaurants.
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Location
Property Details
Parking
- Description: Attached, Heated Garage, Garage Door Opener
- Details: Attached, Garage Door Opener, Heated Garage
- Garage Spaces: 3
- Spaces Total: 3
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Partial): 3
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 14
- # of Stories: 3
- Basement: Yes
- Basement Description: Partial, Unfinished, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 1313006160266509620000
- Lot Size: 106722 sqft
Property Information
- Property Type: Single Family Residence
- Style: Mid-Century Modern, Ranch
- Year Built: 1958
Tax Information
- Annual Tax: $14,342
Utilities
- Water & Sewer: Public
- Heating: Baseboard, Oil, Radiant
- Cooling: Attic Fan, Central Air
Location
- County: Dutchess
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,067
- Cap Rate
- 4.1%
- Cash-on-Cash Return
- -8.5%
- Debt Coverage Ratio
- 0.68
- Internal Rate of Return (5 years)
- -4.2%
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:
| $657,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$525,600 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $131,400 |
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:
| $19,710 |
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:
| $151,110 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,656 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $116 |
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:
| $0.88 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $525,600 |
|---|---|
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:
| $3,322 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,195 |
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:
| $350 |
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:
| $4,867 |
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:
| $5,000 | $60,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$300 | -$3,600 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $4,700 | $56,400 |
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. | 24% | -$1,195 | -$14,342 |
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% | -$350 | -$4,200 |
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% | -$400 | -$4,800 |
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% | -$250 | -$3,000 |
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% | -$250 | -$3,000 |
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 | 49% | -$2,445 | -$29,342 |
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:
| $2,255 | $27,060 |
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. | -$3,322 | -$39,864 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,067 | $12,804 |