$3,995,000
Investment Summary
- Monthly Cash Flow
- -$18,747
- Cap Rate
- 0.4%
- Cash-on-Cash Return
- -24.5%
- Debt Coverage Ratio
- 0.07
- Internal Rate of Return (5 years)
- -19.6%
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
Moon River is an extraordinary Hudson Riverfront home in the iconic Snedens Landing neighborhood of Palisades, NY - star of the Lower Hudson Valley (search WSJ, NYT, Forbes) and only 25 minutes from NYC. It's snuggled on the Hudson shoreline below and inspired by the cliffs of Palisades that surround it, providing this early 20th century home an extraordinary line of sight/view of the Lower Hudson Valley & river for miles. The property is 1.4 acres and situated in a wooded environment. Moon River is approximately 4,300sf, with 5 bedrooms and 5 full and 2 half baths, including 2 primary bedroom suites, each with a fireplace. Additional architectural features include very old wide board wood panels used in the ceiling and walls of the great room, along with massive/antique ceiling beams too. Two of the four fireplaces offer very deep/big fireboxes, ideal for building big fires. The home's stairwell features thick, solid cedar stair treads, carved from trees that grew in the area, and old-style balustrades at the top landing, possibly from an old monastery in Europe. There is also an oversized 2 car garage with lots of storage, an inground, heated pool with a gazebo and a small colonnade, overlooking the Hudson River. Moon River is an architectural home that feels more like a villa than a house, because of the privacy it offers and it's perfectly situated in the landscape, overlooking the water. It was built by legendary artist/resident, Mary Lawrence Tonetti, and designed by renowned architect, Eric Gugler, commissioned in America and Europe, and commissioned by FDR to redesign the oval office in the 1930s. At this same time Gugler designed Moon River he worked in the White House. He was friendly with architects McKim, Meade and White, in their day. Charles McKim was a friend & frequent visitor to Snedens, where Eric Gugler also had a home. When M.M.W. shut its doors on Fifth Ave in NYC, Gugler salvaged the original staircase from their office and used it in another property in Snedens Landing. The property is located in a historic district that dates back before the Revolutionary War to the late 1600s and adjoins about 3,000 acres of state parkland. Tallman State Park is on the north end, Lamont Observatory, part of Columbia University, which adjoins Palisades Interstate Park property, on the south end and the Hudson River is to the east. There is no through traffic in the community because there is only one road in and out in this neighborhood of about 100 homes. This is the magic of living in Snedens Landing. There is next to no car traffic, which makes it the perfect place to walk for miles. Moon River offers a luxury waterfront lifestyle, rich with provenance and is situated in a park like setting. It was built for the Lowndes family. "Moon River" signifies the first night there's a full moon on the Hudson, after the forsythia bloom in early spring, where according to legend, the shad fish run plentiful in the Hudson, and fisherman would set their nets, supported by long poles, in the river to catch them. This tradition was practiced at this property for many years. Snedens Landing is a 5-minute drive, or 35-minute walk thru Tallman Park, to the historic Hudson Riverfront village of Piermont, which offers many excellent restaurants, shops marinas and more. It also has a tennis association open to residents only for a nominal fee. Find your "one of one". Discover Moon River!
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Location
Property Details
Parking
- Description: Garage, Garage Door Opener, Oversized, Storage
- Details: Garage, Garage Door Opener, Oversized, Storage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 9
- # of Stories: 2
- Basement Description: Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Concrete
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 39248978.19123
- Lot Size: 60984 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial, Estate, Other
- Year Built: 1930
Tax Information
- Annual Tax: $56,246
Utilities
- Water & Sewer: Public
- Heating: Wood Stove, Baseboard
- Cooling: Central Air, Ductless
Location
- County: Rockland
Listing Details
Investment Summary
- Monthly Cash Flow
- -$18,747
- Cap Rate
- 0.4%
- Cash-on-Cash Return
- -24.5%
- Debt Coverage Ratio
- 0.07
- Internal Rate of Return (5 years)
- -19.6%
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:
| $3,995,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,196,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $799,000 |
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:
| $119,850 |
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:
| $918,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 4,252 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $940 |
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:
| $2.09 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,196,000 |
|---|---|
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:
| $20,201 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $4,687 |
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:
| $623 |
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:
| $25,511 |
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:
| $8,900 | $106,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$534 | -$6,408 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $8,366 | $100,392 |
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. | 53% | -$4,687 | -$56,247 |
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% | -$623 | -$7,476 |
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% | -$712 | -$8,544 |
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% | -$445 | -$5,340 |
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% | -$445 | -$5,340 |
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 | 78% | -$6,912 | -$82,947 |
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:
| $1,454 | $17,448 |
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. | -$20,201 | -$242,412 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $18,747 | $224,964 |