1840 Crompond Rd Unit 4A3 · Peekskill, NY 10566

$122,000

1 bd · 1.0 ba · 750 sqft · Condo · 106 Days on market

Built 1970 Good condition $163/sqft · 13% below area Est $140k · 13% under ↓ 6% since listing

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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 +19.8/30.0
• ARV discount +13.2/15.0
• 1% rule +10.0/10.0
• DSCR +6.3/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well maintained 1-bedroom, 1-bath residence at Stonegate Co-op, a perfect blend of comfort, space, and convenience. This inviting home features a generously sized eat-in kitchen, offering ample cabinetry and counter space, making meal preparation and casual dining effortless. The living area provides flexibility for both relaxing and entertaining. The spacious bedroom comfortably accommodates a full furniture set and offers excellent closet space. The full bathroom is well-appointed and thoughtfully designed. Additional highlights include abundant storage space, a practical layout, and a warm, welcoming atmosphere throughout. Freshly painted. New carpeting. Stonegate Co-op offers well-maintained common areas and a convenient location close to shopping, dining, and transportation. An ideal opportunity to own a comfortable and affordable home — schedule your private showing today!

Key facts

• Ample cabinetry
• Eat-in kitchen
• Convenient location

Tags

• EAT-IN KITCHEN
• AMPLE CABINETRY
• EXCELLENT CLOSET SPACE
• ABUNDANT STORAGE SPACE
• WELL-MAINTAINED COMMON AREAS
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $122k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $122k).
• Recommended offer: $111k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.2% in Peekskill — 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 79/100 on livability (#132 in NY, #2,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, crime A-; Watch: schools C-, amenities F, cost of living F.
• Peekskill City School District (suburban): math 37% / reading 36% proficiency, ranked #670 of 755 in NY (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 117 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• This rent runs 32% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $843 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($111k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,020 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.87% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.13%
• DSCR: 1.23
• GRM: 4.5

CMA / ARV

• ARV (median comp): $139,719
• List price: $122,000
• Delta: -12.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.52×
• Total profit: $-16,359
• Equity at exit: $18,191

10-year hold

• IRR: -17.8%
• Equity multiple: 0.27×
• Total profit: $-24,966
• Equity at exit: $10,548

Cash invested: $34,160 (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 10566

• Home prices YoY: -23.9%
• Rents YoY: 0.1%
• Active inventory: 117
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$640
• Tax est. 1.5%: −$152 /mo · $1,830/yr
• Insurance: −$51
• HOA est. from 1 same-building comp: −$810
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $146

Break-even live

Break-even rent $2,093

Max offer price $122,000

Occupancy floor 89%

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: $30,500
• Closing costs: $3,660
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5307 Villa At the Woods Peekskill, NY	1.0	1.0	550	$2,000	$3.64	43d	1	0.22mi
1701 Crompond Rd #4403 Peekskill, NY	2.0	2.0	1000	$2,600	$2.60	18d	1	0.30mi
119 High St Unit 3 Peekskill, NY	1.0	1.0	582	$1,975	$3.39	15d	1	0.71mi
1108 Brown St Peekskill, NY	3.0	1.0–2.0	852	$2,574	$3.02	1d	5	0.85mi
8 N James St Unit D Peekskill, NY	1.0	1.0	750	$2,250	$3.00	43d	1	0.92mi
1014 Main St Unit 1 Peekskill, NY	2.0	1.0	1000	$2,000	$2.00	43d	1	1.00mi
300 Highland Ave Unit 7 Peekskill, NY	1.0	1.0	660	$2,200	$3.33	18d	1	1.01mi
209 S Division St Unit C Peekskill, NY	2.0	1.0	720	$2,200	$3.06	20d	1	1.05mi
1009 Brown St #1 Peekskill, NY	1.0	1.0	800	$2,450	$3.06	43d	1	1.05mi
1009 Brown St #1 Peekskill, NY	1.0	1.0	800	$2,450	$3.06	7d	1	1.05mi
958 Phoenix Ave Peekskill, NY	2.0	1.0	964	$2,500	$2.59	1d	1	1.08mi
26 Forest Ave Cortlandt Manor, NY	2.0	1.0	1000	$3,099	$3.10	1d	1	1.10mi
2 Lakeview Dr Peekskill, NY	1.0–2.0	1.0–1.5	875	$2,299	$2.63	1d	3	1.36mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $122,000 Active 106 DOM
2. 2026-06-17
   days on market $122,000 Active 105 DOM
3. 2026-06-16
   days on market $122,000 Active 104 DOM
4. 2026-06-15
   days on market $122,000 Active 103 DOM
5. 2026-06-13
   days on market $122,000 Active 101 DOM
6. 2026-06-09
   days on market $122,000 Active 97 DOM
7. 2026-06-08
   days on market $122,000 Active 96 DOM
8. 2026-06-07
   days on market $122,000 Active 95 DOM
9. 2026-06-04
   days on market $122,000 Active 92 DOM
10. 2026-06-03
    days on market $122,000 Active 91 DOM
11. 2026-06-02
    days on market $122,000 Active 90 DOM
12. 2026-06-01
    days on market $122,000 Active 89 DOM
13. 2026-05-31
    days on market $122,000 Active 88 DOM
14. 2026-04-17
    price $122,000 914-char remark

    Show marketing remark (914 chars)

    Welcome to this well maintained 1-bedroom, 1-bath residence at Stonegate Co-op, a perfect blend of comfort, space, and convenience. This inviting home features a generously sized eat-in kitchen, offering ample cabinetry and counter space, making meal preparation and casual dining effortless. The living area provides flexibility for both relaxing and entertaining. The spacious bedroom comfortably accommodates a full furniture set and offers excellent closet space. The full bathroom is well-appointed and thoughtfully designed. Additional highlights include abundant storage space, a practical layout, and a warm, welcoming atmosphere throughout. Freshly painted. New carpeting. Stonegate Co-op offers well-maintained common areas and a convenient location close to shopping, dining, and transportation. An ideal opportunity to own a comfortable and affordable home — schedule your private showing today!

15. 2026-03-02
    listed $130,000 Active 914-char remark

    Show marketing remark (914 chars)

    Welcome to this well maintained 1-bedroom, 1-bath residence at Stonegate Co-op, a perfect blend of comfort, space, and convenience. This inviting home features a generously sized eat-in kitchen, offering ample cabinetry and counter space, making meal preparation and casual dining effortless. The living area provides flexibility for both relaxing and entertaining. The spacious bedroom comfortably accommodates a full furniture set and offers excellent closet space. The full bathroom is well-appointed and thoughtfully designed. Additional highlights include abundant storage space, a practical layout, and a warm, welcoming atmosphere throughout. Freshly painted. New carpeting. Stonegate Co-op offers well-maintained common areas and a convenient location close to shopping, dining, and transportation. An ideal opportunity to own a comfortable and affordable home — schedule your private showing today!

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,327
• − Mortgage interest: −$6,834
• − Property taxes: −$1,830
• − Insurance: −$610
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − HOA: −$9,720
• − Depreciation: −$3,549
• Taxable income: $411
• Est. tax owed @ 24.0%: −$99
• After-tax cash flow: $1,652/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 · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained 1-bedroom condo at Stonegate Co-op offers a good balance of comfort and space. Minor repairs and updates to the exterior and interior would significantly enhance its value and appeal.

Repairs flagged

• Minor kitchen cabinets — Standard cabinetry with no visible damage.
• Minor bathroom fixtures — Standard fixtures with no visible damage.
• Minor exterior siding — Shingled siding with some wear.
• Unknown HVAC unit — Not visible in the photos.
• Minor landscaping — Some flowers need trimming and shrubs need shaping.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value.
• Both Updating bathroom fixtures — Modernizes the space and adds value.
• Both Upgrading HVAC unit — Improves comfort and energy efficiency.
• Both Landscaping improvements — Enhances curb appeal and adds value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Standard cabinetry with no visible damage.	Minor	$500–3,000
bathroom fixtures · Standard fixtures with no visible damage.	Minor	$500–3,000
exterior siding · Shingled siding with some wear.	Minor	$500–3,000
HVAC unit · Not visible in the photos.	Unknown	$500–3,000
landscaping · Some flowers need trimming and shrubs need shaping.	Minor	$500–3,000
Total estimated repair cost · 5 items		$2,500–15,000

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value. ↑
• Both Updating bathroom fixtures — Modernizes the space and adds value. ↑
• Both Upgrading HVAC unit — Improves comfort and energy efficiency. ↑
• Both Landscaping improvements — Enhances curb appeal and adds 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: Peekskill City School District
• NCES district ID: 3622650
• Math proficiency: 37% ▲ 4.00%
• Reading proficiency: 36% ▲ 4.00%
• Median HH income: $54,563
• Composite: 34.6/100
• National rank: #10089
• State rank: #670 of 755 in NY

Livability — Peekskill

• Score: 79/100
• State rank: #132
• US rank: #2121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peekskill, NY
• County: Westchester County · 709,332 people
• City population: 25,625
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,625
• Household income: $85,954
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1507.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 46% White 32% Black 17% Two or more races 14% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 3% Dominican 4%
• Common ancestry: Romanian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 27% · Canada
• Languages at home: 57% English-only · Spanish 37% Other Indo-European 2% French/Haitian/Cajun 1%

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: ▼ -96.67%
• Current HPI: 307.944
• Rent YoY: ▲ 0.12%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

-6.2% since first listed

2 events — show timeline

• 2026-04-17 Price Changed $122,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-02 Listed $130,000 OneKey® MLS as Distributed by MLS Grid