1661 Old Country Rd #62 · Calverton, NY 11901

$409,900

3 bd · 2.0 ba · 1,680 sqft · Manufactured · 70 Days on market

Built 2005 4,675 sqft lot $244/sqft · 42% above area Est $290k · 42% over $800/mo HOA · 9% of rent

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Why this score? — see what drove the C+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Glenwood Village a 55+ Manufactured Home Community Offering a 49 Year Lease starting at $800 per month. This absolutely stunning, turn-key, 3 bedroom, 2 bath home is awaiting its new owner. The interior of the home has been completely renovated and offers spacious options for modern living. All new Bosch Mini-splits with Heat & Air in 2025 - Full Warranty, Buyer assumes Installment Contract or purchase outright. New Hot Water Heater, New Roof & Gutter Guards in 2023, Walk-In Closets, Crown Molding, Electric Fireplace, Blinds, Quartz Countertops All New Appliances, New Washer & Dryer. Fully Renovated Baths with Quartz Countertops. Deck with Awnings, Shed, Fully Landscaped with Privacy, Gazabo & Sprinkler System - Truly a Gem!

Key facts

• 4,675 sq ft lot
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $410k.

Deal economics

• At list price, monthly cash flow is $4k ($45k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $410k).
• Recommended offer: $385k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.3% vs local median 7.2% in Calverton — 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 58/100 on livability (#1,053 in NY) — a working-class tenant base; expect higher turnover. Watch: crime C-, schools D, employment D.
• Riverhead Central School District (suburban): math 34% / reading 48% proficiency, ranked #489 of 590 in NY (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 188 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $115k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($385k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y ago; this cycle's ask has dropped $40k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $250k; list at $410k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $385,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 2.20% ✓
• Cap rate: 17.33%
• Cash-on-cash: 39.40%
• DSCR: 2.75
• GRM: 3.8

CMA / ARV

• ARV (median comp): $289,630
• List price: $409,900
• Delta: 41.53%
• Verdict: OVERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1661 Old Country Rd #586	0.33mi	3/2.0	1,680 (0%)	9mo	$489,000	$291	78
1661 Old Country Rd #360	0.00mi	2/2.0 (-1)	1,776 (+6%)	10mo	$210,000	$118	77
1661 Old Country Rd #540	0.29mi	2/2.0 (-1)	1,700 (+1%)	8mo	$415,000	$244	73
1661-454 Old Country Rd #454	0.29mi	2/2.0 (-1)	1,680 (0%)	11mo	$220,000	$131	72
1661 Old Country Rd #543	0.29mi	2/2.0 (-1)	1,632 (-3%)	5mo	$385,000	$236	72
1661 Old Country Rd #500	0.52mi	2/2.0 (-1)	1,568 (-7%)	8mo	$320,000	$204	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 35.7%
• Equity multiple: 2.52×
• Total profit: $174,042
• Equity at exit: $61,117

10-year hold

• IRR: 42.5%
• Equity multiple: 5.03×
• Total profit: $462,432
• Equity at exit: $35,441

Cash invested: $114,772 (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 11901

• Home prices YoY: -29.5%
• Active inventory: 188
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $9,000 medium
• Mortgage (P&I): −$2,150
• Tax from tax record: −$221 /mo · $2,654/yr
• Insurance: −$171
• HOA: −$800
• Vacancy / Maint / Mgmt: −$1,890
• Net cashflow: $3,768

Break-even live

Break-even rent $4,230

Max offer price $409,900

Occupancy floor 53%

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: $102,475
• Closing costs: $12,297
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Kroemer Ave Riverhead, NY	4.0	2.0	2000	$9,000	$4.50	1d	1	0.84mi

HOA detail

• Monthly dues: $800 · $9,600/yr
• Likely covers: waterelectric

Listing history 30 events

1. 2026-06-18
   days on market $409,900 Active 70 DOM
2. 2026-06-17
   days on market $409,900 Active 69 DOM
3. 2026-06-16
   days on market $409,900 Active 68 DOM
4. 2026-06-15
   days on market $409,900 Active 67 DOM
5. 2026-06-13
   days on market $409,900 Active 65 DOM
6. 2026-06-09
   days on market $409,900 Active 61 DOM
7. 2026-06-08
   days on market $409,900 Active 60 DOM
8. 2026-06-07
   pricedays on market $409,900 Active 59 DOM
9. 2026-06-04
   days on market $399,900 Active 56 DOM
10. 2026-06-03
    days on market $399,900 Active 55 DOM
11. 2026-06-02
    days on market $399,900 Active 54 DOM
12. 2026-06-01
    days on market $399,900 Active 53 DOM
13. 2026-05-31
    days on market $399,900 Active 52 DOM
14. 2026-04-20
    price $425,000 769-char remark

    Show marketing remark (769 chars)

    Welcome to Glenwood Village a 55+ Manufactured Home Community Offering a 49 Year Lease starting at $800 per month. This absolutely stunning, turn-key, 3 bedroom, 2 bath home is awaiting its new owner. The interior of the home has been completely renovated and offers spacious options for modern living. All new Bosch Mini-splits with Heat & Air in 2025 - Full Warranty, Buyer assumes Installment Contract or purchase outright. New Hot Water Heater, New Roof & Gutter Guards in 2023, Walk-In Closets, Crown Molding, Electric Fireplace, Blinds, Quartz Countertops All New Appliances, New Washer & Dryer. Fully Renovated Baths with Quartz Countertops. Deck with Awnings, Shed, Fully Landscaped with Privacy, Gazabo & Sprinkler System - Truly a Gem!

15. 2026-04-10
    listed $449,999 Active 769-char remark

    Show marketing remark (769 chars)

    Welcome to Glenwood Village a 55+ Manufactured Home Community Offering a 49 Year Lease starting at $800 per month. This absolutely stunning, turn-key, 3 bedroom, 2 bath home is awaiting its new owner. The interior of the home has been completely renovated and offers spacious options for modern living. All new Bosch Mini-splits with Heat & Air in 2025 - Full Warranty, Buyer assumes Installment Contract or purchase outright. New Hot Water Heater, New Roof & Gutter Guards in 2023, Walk-In Closets, Crown Molding, Electric Fireplace, Blinds, Quartz Countertops All New Appliances, New Washer & Dryer. Fully Renovated Baths with Quartz Countertops. Deck with Awnings, Shed, Fully Landscaped with Privacy, Gazabo & Sprinkler System - Truly a Gem!

16. 2026-04-03
    historical $449,999 769-char remark

    Show marketing remark (769 chars)

    Welcome to Glenwood Village a 55+ Manufactured Home Community Offering a 49 Year Lease starting at $800 per month. This absolutely stunning, turn-key, 3 bedroom, 2 bath home is awaiting its new owner. The interior of the home has been completely renovated and offers spacious options for modern living. All new Bosch Mini-splits with Heat & Air in 2025 - Full Warranty, Buyer assumes Installment Contract or purchase outright. New Hot Water Heater, New Roof & Gutter Guards in 2023, Walk-In Closets, Crown Molding, Electric Fireplace, Blinds, Quartz Countertops All New Appliances, New Washer & Dryer. Fully Renovated Baths with Quartz Countertops. Deck with Awnings, Shed, Fully Landscaped with Privacy, Gazabo & Sprinkler System - Truly a Gem!

17. 2022-01-21
    soldstatus $250,000 Closed 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

18. 2021-12-11
    status Pending 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

19. 2021-11-16
    price $259,999 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

20. 2021-10-07
    price $249,999 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

21. 2021-08-17
    price $264,000 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

22. 2021-06-29
    listed $284,000 Active 596-char remark

    Show marketing remark (596 chars)

    Beautiful Manufactured Home nestled within a quiet 55+ community. Wonderful open floor plan is perfect for entertaining. It boasts 3 bedrooms, 2 full baths, a beautiful hearth Kitchen with large center island & dual sinks, Formal Dining Room, Laundry/Mud room, Central Air, Double Driveway, Composite Stairs & Decking with Vinyl Railings, Landscaped for Privacy, Sprinkler system and Storage Shed. Access to Clubhouse with State of the art Gym, Outdoor Park & Swimming Pool! Minutes to Shopping, Wineries, Golf & Restaurants! A must see!, Additional information: Appearance:Great

23. 2013-08-29
    soldstatus $147,000
24. 2013-08-29
    soldstatus $147,000 Closed
25. 2013-08-08
    status Under Contract
26. 2013-07-04
    price $149,900 Price Change
27. 2013-05-29
    listed $159,900 New
28. 2013-05-29
    listed $149,900
29. 2013-05-14
    historical
30. 2012-05-14
    listed $159,900

ⓘ 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: $2,654 · $221/mo
• Projected year-2 tax: $4,791 · $399/mo
• Expected delta: +$2,136/yr (+$178/mo · 80.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $108,000
• − Mortgage interest: −$22,961
• − Property taxes: −$2,654
• − Insurance: −$2,050
• − Repairs & maintenance: −$8,640
• − Management: −$8,640
• − HOA: −$9,600
• − Depreciation: −$11,924
• Taxable income: $41,531
• Est. tax owed @ 24.0%: −$9,967
• After-tax cash flow: $35,254/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: Riverhead Central School District
• NCES district ID: 3624690
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 48% ▲ 13.00%
• Median HH income: $61,607
• Composite: 36.38/100
• National rank: #4683
• State rank: #489 of 590 in NY

Livability — Calverton

• Score: 58/100
• State rank: #1053
• US rank: #20908

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calverton, NY
• City population: 6,784
• Population (ZIP): 32,921

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Hispanic / Latino 29% Two or more races 14% Black 11% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Iranian 1% Portuguese 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 26% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -182.60%
• Current HPI: 436.7781
• 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

+165.8% since first listed

17 events — show timeline

• 2026-04-20 Price Changed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-10 Listed $449,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-03 Coming Soon $449,999 OneKey® MLS as Distributed by MLS Grid
• 2022-01-21 Sold (MLS) $250,000 OneKey® MLS as Distributed by MLS Grid
• 2021-12-11 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-11-16 Price Changed $259,999 OneKey® MLS as Distributed by MLS Grid
• 2021-10-07 Price Changed $249,999 OneKey® MLS as Distributed by MLS Grid
• 2021-08-17 Price Changed $264,000 OneKey® MLS as Distributed by MLS Grid
• 2021-06-29 Listed $284,000 OneKey® MLS as Distributed by MLS Grid
• 2013-08-29 Sold (MLS) $147,000 MLSLI
• 2013-08-29 Sold (MLS) $147,000 OneKey® MLS as Distributed by MLS Grid
• 2013-08-08 Pending — MLSLI
• 2013-07-04 Price Changed $149,900 MLSLI
• 2013-05-29 Listed $159,900 MLSLI
• 2013-05-29 Listed $149,900 OneKey® MLS as Distributed by MLS Grid
• 2013-05-14 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-05-14 Listed $159,900 OneKey® MLS as Distributed by MLS Grid