$8,295,000
Investment Summary
- Monthly Cash Flow
- -$36,873
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.2%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.4%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Property Description
16 Amy’s Lane is a completely reimagined shingle-style beach retreat, perfectly situated in the heart of East Hampton Village. Set on a lush 1.1-acre parcel South of Montauk Highway, this 3,200-square-foot designer showcase home has been meticulously renovated throughout. With its timeless cedar shake exterior, brand-new cedar shingle roof, and elegant updates throughout, this 4 bed, 5.5 bath single-story residence blends modern luxury with classic Hamptons charm. Designed to enhance both everyday living and entertaining, the home offers an additional 3,200 square feet of basement space, complete with a cedar closet and 1,200 square feet of finished area, for endless possibilities. Step through the welcoming entryway and into a sunlit sanctuary of refined living. Vaulted ceilings with exposed wood beams crown the expansive living room, which opens to the main back patio, offering sweeping views of the 20x40 heated gunite pool. The family room leads to an additional patio, creating multiple spaces for relaxing or entertaining outdoors. The custom-designed kitchen is a chef's dream, featuring Sub-Zero refrigeration, a Wolf range, and a Cove dishwasher, all seamlessly integrated into bespoke cabinetry and floating shelves. The adjacent butler’s pantry, complete with a second dishwasher, sink, ample storage, ensures effortless hosting. A newly added skylight bathes the space in natural light, perfectly complementing the Serena & Lily lighting accents and hand-finished hardwood floors, all of which come together to create an atmosphere of relaxed sophistication. The thoughtfully redesigned layout includes four bright, spacious bedrooms, each with its own ensuite bath. The two primary suites serve as private havens, with custom built-ins for storage and media, as well as spa-like baths featuring designer fixtures and finishes. Additional bedrooms, including one with charming built-in bunk beds, are equally inviting and versatile. A first-floor laundry room, newly added for convenience, further enhances the practicality of this home. Every bath has been fully renovated, showcasing timeless elegance and functionality. Beyond the interiors, the outdoor spaces are equally captivating. A brand-new mahogany deck overlooks the 20x40 heated gunite pool, surrounded by lush new landscaping and plantings along the property lines and deer fencing. The two-car garage is equipped with a new EV charger, while the home’s cutting-edge upgrades include a Generac generator, a buried 1,000-gallon propane tank, and a two-zone HVAC system. A convenient dog wash station on the deck and a secondary laundry in the basement add practical touches. Living at 16 Amy’s Lane offers an unparalleled East Hampton lifestyle. With its vibrant town center lined with designer boutiques and world-class dining, you’ll find yourself steps from the energy and charm that attract celebrities, artists, and weekenders alike. The iconic East Hampton beaches, Main Beach, Egypt Beach, and Georgica Beach, promise endless seaside relaxation, while the prestigious Maidstone Club, a private country club, provides an exclusive retreat just moments away. Convenient access to the LIRR, Hampton Jitney, and Hampton Luxury Liner ensures seamless travel. For those seeking a turnkey experience, the stylish furnishings can be included in the sale, allowing you to immediately begin enjoying this exceptional home and lifestyle.
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Location
Property Details
Parking
- Description: Garage
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 1
- # of Baths (Total): 6.0
Interior Features
- # of Rooms: 9
- Basement: Yes
- Basement Description: Partially Finished
- Fireplace: Yes
Exterior Features
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 0301004.0009.00002.005
- Lot Size: 47916 sqft
Property Information
- Property Type: Single Family Residence
- Style: Traditional
- Year Built: 1988
Tax Information
- Annual Tax: $29,401
Utilities
- Water & Sewer: Public
- Heating: Oil
- Cooling: Central Air
Location
- County: Suffolk
Listing Details
Investment Summary
- Monthly Cash Flow
- -$36,873
- Cap Rate
- 0.7%
- Cash-on-Cash Return
- -23.2%
- Debt Coverage Ratio
- 0.12
- Internal Rate of Return (5 years)
- -18.4%
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 divided by initial cash invested.
Calculation:
Annual Cash Flow / 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.
Calculation:
(Future Value / Present Value) ** (1 / Years) - 1
Purchase Details
|
The price paid for the property. Purchase price:
| $8,295,000 |
|---|---|
|
The amount of the purchase financed through a loan. Amount financed:
| -$6,636,000 |
Down paymentThe initial payment made towards the purchase. Calculation:Purchase price - Amount financed Down payment:
| $1,659,000 |
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:
| $248,850 |
|
Costs incurred to repair or improve the property. Rehab costs:
| $0 |
Initial cash investedTotal initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $1,907,850 |
|
The total square footage (SQFT) of the property. Square feet:
| 3,288 |
|
Cost per square foot of the property. Calculation:Purchase price / Square feet Cost per square foot:
| $2,523 |
|
Monthly rent divided by square footage. Calculation:Monthly rent / Square feet Monthly rent per square foot:
| $3.32 |
Financing Details
Loan amountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $6,636,000 |
|---|---|
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% |
Principle & Interest (PI)The principle is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money.
Principle & interest:
| $41,944 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. Calculation:Assumes 12% of gross rental income, unless public tax records are available.
Property tax:
| $2,450 |
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:
| $763 |
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 |
|
The 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:
| $45,157 |
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:
| $10,900 | $130,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$654 | -$7,848 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $10,246 | $122,952 |
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. Calculation:Assumes 12% of gross rental income, unless public tax records are available. | 22% | -$2,450 | -$29,402 |
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% | -$763 | -$9,156 |
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% | -$872 | -$10,464 |
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% | -$545 | -$6,540 |
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% | -$545 | -$6,540 |
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. Calculation:Assumes 0% gross rental income, unless specified.. | 0% | $0 | $0 |
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% | -$5,175 | -$62,102 |
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:
| $5,071 | $60,852 |
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. | -$41,944 | -$503,328 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $36,873 | $442,476 |