1687 Wilsey Rd · Savannah, NY 13146

$37,400

2 bd · 1.0 ba · 672 sqft · SingleFamily · 80 Days on market

Built 1990 Good condition 2.69 ac lot ↓ 15% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.2/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

If you are looking for low maintenance, this is the place for you! This 14 x 48 home has been installed on a new foundation with new skirting, has a brand new shed, all new flooring, and a brand new bathtub. This home is ready for your final touches! This home is located in a quiet rural park in Savannah just a short 20 minute drive from Waterloo, Seneca Falls or Lyons. Lot rent is $445 and includes water and trash. Call to find out how to make this home yours!!!

Key facts

• New foundation
• Brand new shed
• New flooring

Tags

• NEW FOUNDATION
• NEW SKIRTING
• BRAND NEW SHED
• NEW FLOORING
• BRAND NEW BATHTUB

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $37k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $485 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($941 rent vs $37k).
• Recommended offer: $35k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 56/100 on livability (#1,104 in NY) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Clyde-Savannah Central School District (rural): math 18% / reading 30% proficiency, ranked #587 of 590 in NY (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 5 active listings in the ZIP; 259 units permitted in Wayne County in 2024 (90 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($259 loan paydown + $2k appreciation (6.3% local appreciation)).
• Wayne County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.3% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 5y 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.

Recommended offer $35,156 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 2.52% ✓
• Cap rate: 21.85%
• Cash-on-cash: 55.56%
• DSCR: 3.47
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.35% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.3%
• Equity multiple: 5.06×
• Total profit: $42,469
• Equity at exit: $24,336

10-year hold

• IRR: 60.9%
• Equity multiple: 10.60×
• Total profit: $100,578
• Equity at exit: $44,863

Cash invested: $10,472 (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 13146

• Home prices YoY: 2.6%
• Active inventory: 5
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $941 medium
• Mortgage (P&I): −$196
• Tax est. 1.5%: −$47 /mo · $561/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $485

Break-even live

Break-even rent $327

Max offer price $37,400

Occupancy floor 43%

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: $9,350
• Closing costs: $1,122
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-07
   statusdays on market $37,400 Pending 80 DOM
2. 2026-06-05
   days on market $37,400 Active 79 DOM
3. 2026-06-04
   days on market $37,400 Active 77 DOM
4. 2026-06-02
   days on market $37,400 Active 76 DOM
5. 2026-06-01
   days on market $37,400 Active 75 DOM
6. 2026-05-31
   days on market $37,400 Active 74 DOM
7. 2026-03-18
   listed $37,400 Active 467-char remark

   Show marketing remark (467 chars)

   If you are looking for low maintenance, this is the place for you! This 14 x 48 home has been installed on a new foundation with new skirting, has a brand new shed, all new flooring, and a brand new bathtub. This home is ready for your final touches! This home is located in a quiet rural park in Savannah just a short 20 minute drive from Waterloo, Seneca Falls or Lyons. Lot rent is $445 and includes water and trash. Call to find out how to make this home yours!!!

8. 2025-10-25
   historical
9. 2025-04-25
   listed $68,500 Active
10. 2024-04-06
    historical
11. 2023-11-30
    historical
12. 2023-10-06
    listed $42,000 Active
13. 2023-05-15
    listed $76,000 Active
14. 2022-09-30
    historical
15. 2022-06-30
    soldstatus $67,000 Closed Sale or Rented
16. 2022-06-07
    listed $69,000 Active
17. 2022-06-07
    listed $67,000 Active
18. 2021-09-02
    soldstatus $44,000 Closed Sale or Rented
19. 2021-08-21
    historical
20. 2021-05-21
    listed $44,000 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,291
• − Mortgage interest: −$2,095
• − Property taxes: −$561
• − Insurance: −$187
• − Repairs & maintenance: −$903
• − Management: −$903
• − Depreciation: −$1,088
• Taxable income: $5,553
• Est. tax owed @ 24.0%: −$1,333
• After-tax cash flow: $4,485/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.

Condition & rehab AI · 2 photos

Good 75/100 Cosmetic rehab

This single-family home is in good condition with recent renovations, including a new shed, flooring, and bathtub. It offers low maintenance and is located in a quiet rural park, making it an attractive option for both resale and rental.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and value.
• Both Landscaping improvements — Enhances curb appeal and value.
• Both Interior touch-ups — Enhances the home's appearance and value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and value. ↑
• Both Landscaping improvements — Enhances curb appeal and value. ↑
• Both Interior touch-ups — Enhances the home's appearance and value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Clyde-Savannah Central School District
• NCES district ID: 3607860
• Math proficiency: 18% ▼ -17.00%
• Reading proficiency: 30% ▼ -2.00%
• Median HH income: $46,907
• Composite: 20.89/100
• National rank: #8490
• State rank: #587 of 590 in NY

Livability — Savannah

• Score: 56/100
• State rank: #1104
• US rank: #22566

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,050

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 85,662 people
• By 2030: 81,945 · -4.3%
• By 2040: 73,735 · -13.9%
• By 2050: 65,029 · -24.1%
• By 2075: 47,451 · -44.6%
• By 2100: 31,574 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Iranian 6% Lithuanian 3% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 91% English-only · German/W. Germanic 8% Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong R (+23.1) · D 38.5% · R 61.5%
• 2008→2024 swing: -13.2pp toward R · 2008: -9.9pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.6 2016: R+26.1 2012: R+9.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.35%
• Current HPI: 246.1013
• 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

-15.0% since first listed

14 events — show timeline

• 2026-03-18 Listed $37,400 UNYREIS
• 2025-10-25 Listing Removed — UNYREIS
• 2025-04-25 Listed $68,500 UNYREIS
• 2024-04-06 Listing Removed — UNYREIS
• 2023-11-30 Listing Removed — UNYREIS
• 2023-10-06 Listed $42,000 UNYREIS
• 2023-05-15 Listed $76,000 UNYREIS
• 2022-09-30 Listing Removed — UNYREIS
• 2022-06-30 Sold (MLS) $67,000 UNYREIS
• 2022-06-07 Listed $67,000 UNYREIS
• 2022-06-07 Listed $69,000 UNYREIS
• 2021-09-02 Sold (MLS) $44,000 UNYREIS
• 2021-08-21 Listing Removed — UNYREIS
• 2021-05-21 Listed $44,000 UNYREIS