38 Saddle Ridge Rd · Bedford, NY 10576

$1,795,000

4 bd · 3.0 ba · 3,913 sqft · SingleFamily public records · 16 Days on market

Built 1969 3.00 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• 1% rule +6.1/10.0
• Schools +5.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

Key facts

• 3 acre lot
• 2 garage spots
• Pool

Property features AI

Exterior

• Parking: Attached heated garage; 2-car garage
• Security: Security gate; Security system
• Utilities: Electric service by NYSEG; Propane; Septic tank; Private trash collection
• Home design: Single family residence; Plans used as source for living area
• Construction: Stone and wood siding exterior; Partial attic; Partially finished basement
• Exterior features: In-ground private pool; Screened porch

Interior

• Kitchen: Convection oven; Cooktop; Dishwasher; Exhaust fan; Freezer; Microwave; Refrigerator; Stainless steel appliances; Wine refrigerator; Kitchen island; Eat-in and open kitchen layout; Quartz/Quartzite countertops
• Bedrooms: Bedroom on the first floor
• Bathrooms: 4 full bathrooms; Primary bathroom with soaking tub
• Heating & cooling: Oil heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bath; Built-in features; Eat-in kitchen; Entrance foyer; Formal dining room; Kitchen island; Open kitchen; Primary bathroom; Quartz/Quartzite counters; Soaking tub; Walk-in closet(s); Porch (screened)
• Laundry & utility: Washer; Dryer; Oil water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $1.79M.

Deal economics

• At list price, monthly cash flow is $3k ($41k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($20k rent vs $1.79M).
• Recommended offer: $1.77M (1.5% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 1.6% in Bedford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#718 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A-; Watch: amenities F, commute F, cost of living F.
• Bedford Central School District (rural): math 54% / reading 60% proficiency, ranked #211 of 590 in NY (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Pound Ridge Elementary School (math 52% / reading 77%, grade B, #591 of 2,108 statewide, top 31%, 238 students, 10% FRL); Fox Lane Middle School (math 42% / reading 55%, grade C-, #300 of 729 statewide, top 41%, 765 students, 38% FRL); Fox Lane High School (math 97% / reading 82%, grade A+, #265 of 1,100 statewide, top 26%, 1,241 students, 36% FRL) — zoned schools average 28% FRL vs 10% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 69 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• In year one you build about $81k of equity ($12k loan paydown + $69k appreciation (3.8% local appreciation)).
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $503k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$131k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($1.77M) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,768,075 (1.5% below list)

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.07%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.84% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.1%
• Equity multiple: 2.02×
• Total profit: $512,732
• Equity at exit: $893,148

10-year hold

• IRR: 18.0%
• Equity multiple: 3.84×
• Total profit: $1,427,715
• Equity at exit: $1,447,461

Cash invested: $502,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10576

• Home prices YoY: 1.6%
• Active inventory: 69
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $20,000 medium
• Mortgage (P&I): −$9,413
• Tax from tax record: −$2,258 /mo · $27,100/yr
• Insurance: −$748
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,200
• Net cashflow: $3,381

Break-even live

Break-even rent $15,721

Max offer price $1,795,000

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $448,750
• Closing costs: $53,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
269 Stone Hill Rd Pound Ridge, NY	5.0	5.5	4910	$20,000	$4.07	3d	1	1.39mi
269 Stone Hill Rd Pound Ridge, NY	5.0	5.5	4910	$20,000	$4.07	21d	1	1.40mi

Listing history 27 events

1. 2026-05-12
   status Pending
2. 2026-04-16
   listed $1,795,000 Active
3. 2026-04-15
   historical $1,795,000
4. 2022-11-15
   soldstatus $1,605,000
5. 2022-11-04
   soldstatus $1,605,000 Closed 1017-char remark

   Show marketing remark (1017 chars)

   Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

6. 2022-09-13
   status Pending 1017-char remark

   Show marketing remark (1017 chars)

   Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

7. 2022-09-04
   historical 1017-char remark

   Show marketing remark (1017 chars)

   Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

8. 2022-08-28
   listed $1,595,000 Active 1017-char remark

   Show marketing remark (1017 chars)

   Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

9. 2022-08-25
   historical $1,595,000 1017-char remark

   Show marketing remark (1017 chars)

   Sophisticated four-bedroom Country Colonial completely renovated, including a CONTROL4home automation system. 100% LED. Sun-filled rooms with hardwood floors, French doors and detailed moldings. Center Entrance Hall. Beautifully-scaled Living Room with Fireplace. Formal Dining Room. Spacious Family Room. Chef’s Kitchen featuring high end appliances with Breakfast Area. First Floor Guest Suite with full bath. Opulent Master Suite with huge closets and Carrera Marble Bath. Two additional Bedrooms. Hall Bathroom. Gated drive with automated FAAC system integrated to home automation. Whole House Kohler Generator. Complete privacy in a wonderful PR neighborhood. Sparkling new heated pool off screen porch and terrace. Professionally landscaped property with an auto. sprinkler system controlled with Rachio Timer. This home is meticulously maintained and offers every amenity. Additional Information: Amenities:Guest Quarters,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,

10. 2021-03-31
    historical
11. 2021-03-23
    historical
12. 2020-02-06
    historical
13. 2019-10-08
    historical
14. 2019-10-08
    listed $1,295,000 Active
15. 2019-08-12
    listed $1,350,000 Active
16. 2014-04-07
    price $489,000
17. 2014-03-15
    price $520,000
18. 2013-11-18
    soldstatus $520,000
19. 2013-11-05
    soldstatus $520,000 Sold
20. 2013-11-05
    soldstatus $520,000
21. 2013-11-04
    historical
22. 2013-10-22
    historical Pending
23. 2013-09-18
    price $489,000
24. 2013-02-27
    price $599,000
25. 2012-10-22
    price $650,000
26. 2012-10-04
    listed $739,000 Active
27. 2012-10-03
    listed $489,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $27,100 · $2,258/mo
• Projected year-2 tax: $28,718 · $2,393/mo
• Expected delta: +$1,618/yr (+$135/mo · 6.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $240,000
• − Mortgage interest: −$100,548
• − Property taxes: −$27,100
• − Insurance: −$8,975
• − Repairs & maintenance: −$19,200
• − Management: −$19,200
• − Depreciation: −$52,218
• Taxable income: $12,759
• Est. tax owed @ 24.0%: −$3,062
• After-tax cash flow: $37,505/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bedford Central School District
• NCES district ID: 3619950
• Math proficiency: 54% ▼ -9.00%
• Reading proficiency: 60% ▬ 0.00%
• Median HH income: $98,055
• Composite: 53.17/100
• National rank: #1508
• State rank: #211 of 590 in NY

Livability — Bedford

• Score: 64/100
• State rank: #718
• US rank: #13625

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A- Health & safety F User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 6,246
• Population (ZIP): 4,904

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 1%
• Common ancestry: Romanian 6% Scotch-Irish 4% Italian 3%
• Foreign-born: 10% · Canada, China, Jamaica
• Languages at home: 88% English-only · Other Indo-European 5% Spanish 3% French/Haitian/Cajun 2%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.84%
• Current HPI: 239.5803
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+267.1% since first listed

27 events — show timeline

• 2026-05-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-16 Listed $1,795,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-15 Coming Soon $1,795,000 OneKey® MLS as Distributed by MLS Grid
• 2022-11-15 Sold (Public Records) $1,605,000 Public Records
• 2022-11-04 Sold (MLS) $1,605,000 OneKey® MLS as Distributed by MLS Grid
• 2022-09-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-09-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-08-28 Listed $1,595,000 OneKey® MLS as Distributed by MLS Grid
• 2022-08-25 Coming Soon $1,595,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-03-23 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2020-02-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2019-10-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2019-10-08 Listed $1,295,000 OneKey® MLS as Distributed by MLS Grid
• 2019-08-12 Listed $1,350,000 OneKey® MLS as Distributed by MLS Grid
• 2014-04-07 Price Changed $489,000 HGMLS
• 2014-03-15 Price Changed $520,000 HGMLS
• 2013-11-18 Sold (Public Records) $520,000 Public Records
• 2013-11-05 Sold (MLS) $520,000 OneKey® MLS as Distributed by MLS Grid
• 2013-11-05 Sold (MLS) $520,000 HGMLS
• 2013-11-04 Delisted — HGMLS
• 2013-10-22 Contingent — HGMLS
• 2013-09-18 Price Changed $489,000 HGMLS
• 2013-02-27 Price Changed $599,000 HGMLS
• 2012-10-22 Price Changed $650,000 HGMLS
• 2012-10-04 Listed $739,000 HGMLS
• 2012-10-03 Listed $489,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+6.1%/yr

Latest (2025): $27,100 · +7.8% YoY. Source: county tax records.