$4,695,000
Investment Summary
- Monthly Cash Flow
- -$25,545
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -28.4%
- Debt Coverage Ratio
- -0.04
- Internal Rate of Return (5 years)
- -23.3%
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
Embrace Scarsdale luxury living in this completely turnkey seven-bedroom, six-and-a-half-bathroom showplace featuring expansive designer interiors, exceptional outdoor space and breathtaking views of Quaker Ridge Golf Club, one of the most prestigious golf courses in the world. Built in 2015, this colonial-inspired residence offers 8,000 square feet of living space filled with 9-foot-tall ceilings, custom millwork, hardwood floors and large Pella windows. The classic center-hall layout makes a gracious first impression with a dramatic curved staircase, coat closets and a chic powder room. Relax in the large living room while French doors open to a paneled library, perfect for working from home. Plan your next dinner party in the exquisite formal dining room topped by stunning beamed ceilings. A convenient butler’s pantry leads to the stunning kitchen, where custom cabinetry boasts stone countertops, tile backsplashes, under-cabinet lighting and a fleet of upscale stainless-steel appliances. The massive center island is perfect for meal prep and casual dining under beautiful pendant lighting, while the adjacent breakfast area is wrapped in leafy golf course views. Ahead, the sprawling family room is sure to be a favorite gathering spot thanks to its bold coffered ceilings and gas fireplace. Step out to the impressive double-height cedar deck with wire railing for al fresco entertaining overlooking the golf course and professional landscaping by the renowned Rivi Oren. Below, the 18-foot by 50-foot saltwater pool boasts an electronic pool cover. The adjacent summer kitchen features a built-in grill and bar area with an outdoor TV perfect for barbecues and gameday gatherings. The home’s luxurious accommodations begin on the first floor with a convenient bedroom and full bathroom perfect for staff or guests. The adjacent mudroom ensures organized arrivals and departures with large closets and custom bench seating, drawers and cubbies. Sleep soundly in the upper-level owner’s suite, where a king-size bedroom features soaring tray ceilings, two massive walk-in closets and triple exposures framing treetop views. The exquisite spa bathroom offers a freestanding soaking tub, an oversized walk-in rain shower, separate vanities and a private water closet surrounded in rich marble. Two well-appointed secondary suites on this level include roomy closets and private baths, and two more bedrooms share a convenient Jack-and-Jill bathroom. Fun and games await on the walkout lower level, featuring a sprawling rec room and space for a home theater. A gym, a second office, and another bedroom and bathroom complete the thoughtful and incredibly flexible layout. This home’s extensive upgrades include a new furnace and hot water tank, eight-zone central heat, a whole house generator, a central vacuum, professional waterproofing and a GAF Timberline Lifetime Architectural Shingle roof. A large motor court and heated three-car garage add plenty of off-street parking, while the cedar shingle facade trimmed with shutters adds exceptional curb appeal to this move-in ready Scarsdale beauty. Situated on a peaceful loop abutting Quaker Ridge Golf Club, this special home is ideally located near Quaker Ridge Elementary and other top-rated Scarsdale schools, golf courses, houses of worship, and local shopping. Parkways and the Scarsdale, Mamaroneck and Larchmont Metro-North stations are all just minutes away.
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Location
Property Details
Parking
- Description: Attached
- Details: Attached
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 7
Bathroom Information
- # of Baths (Full): 6
- # of Baths (Partial): 1
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 55500123.01.65A
- Lot Size: 23522 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 2014
Tax Information
- Annual Tax: $79,471
Utilities
- Water & Sewer: Public
- Heating: Radiant Floor
- Cooling: Central Air
Location
- County: Westchester
Listing Details
Investment Summary
- Monthly Cash Flow
- -$25,545
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -28.4%
- Debt Coverage Ratio
- -0.04
- Internal Rate of Return (5 years)
- -23.3%
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:
| $4,695,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,756,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $939,000 |
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:
| $140,850 |
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:
| $1,079,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,947 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $591 |
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:
| $1.02 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,756,000 |
|---|---|
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:
| 6.810% |
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:
| $24,511 |
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:
| $6,623 |
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:
| $567 |
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:
| $31,701 |
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:
| $8,100 | $97,200 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$486 | -$5,832 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,614 | $91,368 |
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. | 82% | -$6,623 | -$79,471 |
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% | -$567 | -$6,804 |
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% | -$648 | -$7,776 |
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% | -$405 | -$4,860 |
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% | -$405 | -$4,860 |
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 | 107% | -$8,648 | -$103,771 |
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:
| -$1,034 | -$12,408 |
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. | -$24,511 | -$294,132 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $25,545 | $306,540 |