$4,795,000
Investment Summary
- Monthly Cash Flow
- -$26,110
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -28.4%
- Debt Coverage Ratio
- -0.04
- Internal Rate of Return (5 years)
- -23.4%
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
Introducing the Spectacular Georgian Colonial Of Your Dreams! Fall in love with this beautifully renovated, all-brick colonial with a sparkling Gunite pool and spa nestled in Scarsdale's Quaker Ridge neighborhood. Perfectly located on a highly sought-after street, this exceptional and admired residence seamlessly blends classic architecture with thoughtful modern details that enhance the home's inherent character and timeless elegance. Set above street level on a beautiful 0.5 acre parcel, 51 Penn Blvd features a circular driveway surrounded by beautiful landscaping. Wide stone steps lead guests to the elegant front terrace. Inside, the grand formal entrance hall features a stunning wraparound staircase that reflects old-word grandeur. A spectacular wall of windows spanning from the first floor through the landing on the third level provides natural light and views of the picturesque backyard property. The classic center hall layout offers high ceilings throughout the main level and generously-scaled formal rooms including a beautiful formal living room with a wood-burning fireplace and multiple exposure views. The living room opens to a sun-filled music room, (currently used as the dining room), surrounded by three walls of glass with two sets of double french doors leading to the stone patio, pool, and property. Across the foyer, an oversized family room features a gas fireplace, oversized windows, and French doors to the patio and property. French doors from the family room also open to a DREAM ALL-WHITE KITCHEN detailed with white marble countertops, white cabinetry, matching paneled appliances, two sinks, and a show-stopping center island with seating and substantial storage. The large breakfast area is open to the kitchen and features a built-in desk, shelving, and storage that matches the kitchen. French doors from the eat-in kitchen open to a breathtaking glass jewel box. Surrounded by three walls of glass including glass doors to the pool and property, this stunning space, (currently a second family room), offers incredible versatility; from a bright playroom to an elegant dining space, the opportunities are infinite! The mudroom is conveniently located off the kitchen and features custom built-ins, a covered side entry, and direct access to the attached two-car garage. Two elegant powder rooms, one formal and one informal, complete the first level. The second level includes four spacious ensuite bedrooms, including the breathtaking primary bedroom suite. The luxurious primary bedroom features vaulted high ceilings, a large separate sitting room with a gas fireplace, and a spacious dressing area that opens to two oversized custom-fitted walk-in closets. The primary closet is truly a fashionista’s dream with floor-to-ceiling storage, a center island with additional storage, a built-in bench, and access to a large balcony. The dressing area also opens to a modern, spa-style primary bathroom featuring high ceilings with a large Palladian window, a freestanding soaking tub, a glass-enclosed shower, and two separate floating vanities with storage. The third level offers a large guest bedroom, a completely renovated full hallway bathroom, an expansive recreation room, and a spacious laundry room with storage. The walk-out lower level features amazing amenities including a state-of-the-art temperature-controlled wine cellar, a large gym, and a bedroom with plumbing in place for a future full bathroom that can be fully finished. (This could also be a possible changing area for the pool). The hallway near the bedroom features a door with direct access to the backyard. The lower level also features ample storage areas. With its impeccable craftsmanship, architectural beauty, and tastefully updated interiors, this breathtaking Scarsdale residence offers a rare opportunity to move right in and enjoy unparalleled luxurious living all within 35 minutes of Midtown, Manhattan.
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Location
Property Details
Parking
- Description: Attached, Garage Door Opener
- Details: Attached, Garage Door Opener
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 5
- # of Baths (Partial): 2
- # of Baths (Total): 7.0
Interior Features
- # of Rooms: 12
- # of Stories: 2
- Basement: Yes
- Basement Description: Walk-Out Access, Partially Finished
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Brick
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 55500123.01.13D
- Lot Size: 24394 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 1913
Tax Information
- Annual Tax: $94,069
Utilities
- Water & Sewer: Public
- Heating: Forced Air
- Cooling: Central Air
Location
- County: Westchester
Listing Details
Investment Summary
- Monthly Cash Flow
- -$26,110
- Cap Rate
- -0.3%
- Cash-on-Cash Return
- -28.4%
- Debt Coverage Ratio
- -0.04
- Internal Rate of Return (5 years)
- -23.4%
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:
| $4,795,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$3,836,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $959,000 |
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:
| $143,850 |
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:
| $1,102,850 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 7,662 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $626 |
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:
| $1.28 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $3,836,000 |
|---|---|
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:
| $25,033 |
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:
| $7,839 |
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:
| $686 |
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:
| $33,558 |
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:
| $9,800 | $117,600 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$588 | -$7,056 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $9,212 | $110,544 |
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. | 80% | -$7,839 | -$94,069 |
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% | -$686 | -$8,232 |
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% | -$784 | -$9,408 |
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% | -$490 | -$5,880 |
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% | -$490 | -$5,880 |
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 | 105% | -$10,289 | -$123,469 |
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:
| -$1,077 | -$12,924 |
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. | -$25,033 | -$300,396 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $26,110 | $313,320 |