136 Etruscan Ln E · Corning, NY 14830

$150,000

2 bd · 1.5 ba · 999 sqft · SingleFamily public records · 3 Days on market

Built 1910 3,044 sqft lot

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Why this score? — see what drove the D+ 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 +16.6/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• DSCR +5.2/10.0
• Livability +4.4/5.0
• Schools +4.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tidy, clean and affordable! So much has changed since purchase! Including new siding, deck, patio, a new 1/2 bath, L:VT flooring, fencing, landscaping, driveway, upstairs ceilings raised and insulated, and so much more! The enlarged deck and new patio offer fantastic outdoor living space. A rarity on the Historic Southside Hill, a large 2-car garage is just steps from the front door, and efficient forced air heating and a newer kitchen offer comfortable living. The owner vaulted the upstairs ceilings & added a 1/2 bath for convenience. Just a quick walk from Corning's beautiful Market Street!

Key facts

• Updated electrical
• Off street parking
• Double pane windows

Tags

• DETACHED 2 CAR GARAGE
• OFF STREET PARKING
• WHOLE HOUSE SPLIT UNIT AC
• DOUBLE PANE WINDOWS
• UPDATED PLUMBING
• UPDATED ELECTRICAL

Property features AI

Exterior

• Parking: Detached garage; 2 garage spaces
• Utilities: Public water (connected); Sewer connected
• Home design: 2-story house; Existing construction
• Construction: Vinyl siding; Asphalt roof; Stone foundation
• Exterior features: Blacktop driveway; Deck; Patio; Rectangular residential lot; City street frontage

Interior

• Kitchen: Gas oven; Gas range; Dishwasher; Refrigerator
• Flooring: Carpet; Varied flooring
• Bathrooms: One full bathroom; One half bathroom; One main-level bathroom
• Heating & cooling: Gas forced-air heating
• Interior features: Thermal windows; Separate/formal dining room
• Laundry & utility: Washer and dryer; Laundry located in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 87/100 on livability (#14 in NY, #334 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: employment D.
• Corning City School District (town): math 44% / reading 53% proficiency, ranked #406 of 590 in NY (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 106 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 196 units permitted in Steuben County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Steuben County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 17y 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.
• Current owner paid $109k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1910 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 1.02% ✓
• Cap rate: 7.02%
• Cash-on-cash: 2.60%
• DSCR: 1.12
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $94,905
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
326 Woodview Ave	0.50mi	2/1.0	1,148 (+15%)	1mo	$108,500	$95	49
91 W Third St	0.48mi	3/1.0 (+1)	1,047 (+5%)	17mo	$39,900	$38	48
11 Engraved Ln	0.65mi	2/1.0	1,040 (+4%)	16mo	$48,000	$46	47
7 Wilson St	0.73mi	2/1.5	900 (-10%)	4mo	$167,500	$186	46
139 W 4th St	0.59mi	2/1.0	1,140 (+14%)	1mo	$110,000	$96	46
134 High Rd	0.32mi	3/1.0 (+1)	1,140 (+14%)	20mo	$1,300	$1	38
79 W Florentia Ln	0.59mi	2/1.0	1,087 (+9%)	22mo	$99,900	$92	37
141 Washington St	0.74mi	2/1.0	1,080 (+8%)	17mo	$54,000	$50	36
125 W Sixth St	0.61mi	3/2.0 (+1)	1,133 (+13%)	12mo	$165,340	$146	32
43 Tuxill Ave	0.74mi	2/1.0	856 (-14%)	21mo	$127,840	$149	22

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: -12.1%
• Equity multiple: 0.56×
• Total profit: $-18,444
• Equity at exit: $22,365

10-year hold

• IRR: -2.9%
• Equity multiple: 0.80×
• Total profit: $-8,309
• Equity at exit: $12,969

Cash invested: $42,000 (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 14830

• Active inventory: 106
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,531 high
• Mortgage (P&I): −$787
• Tax from tax record: −$269 /mo · $3,233/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $91

Break-even live

Break-even rent $1,416

Max offer price $150,000

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
90 E Market St Unit 2 Corning, NY	2.0	1.0	1044	$2,200	$2.11	44d	1	0.25mi
265 Denison Pkwy E Corning, NY	1.0–2.0	1.0	910	$1,495	$1.64	44d	1	0.39mi
327 Diatreta Ln #101 Corning, NY	1.0	1.0	600	$895	$1.49	44d	1	0.43mi
311 Denison Pkwy E Unit 201 Corning, NY	1.0	1.0	920	$1,350	$1.47	44d	1	0.43mi
125 W Market St Corning, NY	1.0	1.0	1026	$1,600	$1.56	44d	1	0.62mi
137 Field St Corning, NY	2.0–3.0	1.0	1125	$1,295	$1.15	44d	3	1.23mi

Listing history 4 events

1. 2026-06-19
   days on market $150,000 Active 3 DOM
2. 2026-06-18
   days on market $150,000 Active 2 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   listed $150,000 Active 1 DOM

ⓘ 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: $3,233 · $269/mo
• Projected year-2 tax: $3,233 · $269/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,370
• − Mortgage interest: −$8,402
• − Property taxes: −$3,233
• − Insurance: −$750
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$4,364
• Taxable loss: −$1,317
• Est. tax savings @ 24.0%: +$316
• After-tax cash flow: $1,407/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: Corning City School District
• NCES district ID: 3608400
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 53% ▲ 4.00%
• Median HH income: $53,042
• Composite: 41.8/100
• National rank: #3392
• State rank: #406 of 590 in NY

Livability — Corning

• Score: 87/100
• State rank: #14
• US rank: #334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corning, NY
• County: Steuben County · 41,193 people
• City population: 19,015
• Metro: Corning, NY
• Population (ZIP): 19,015
• Household income: $73,263
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 565.0

Population outlook (Steuben County) Hauer SSP2

• Today (2025): 93,062 people
• By 2030: 89,793 · -3.5%
• By 2040: 82,353 · -11.5%
• By 2050: 74,286 · -20.2%
• By 2075: 55,589 · -40.3%
• By 2100: 37,587 · -59.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 95% English-only · Russian/Polish/Slavic 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Steuben

• 2024 margin: Solid R (+31.8) · D 34.1% · R 65.9%
• 2008→2024 swing: -15.0pp toward R · 2008: -16.8pp · 2024: -31.8pp
• All cycles: 2024: R+31.8 2020: R+29.6 2016: R+36.2 2012: R+16.4 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.59%
• Current HPI: 173.9857
• Rent YoY: —
• Metro: Corning, NY
• 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

+114.6% since first listed

16 events — show timeline

• 2026-06-16 Listed $150,000 UNYREIS
• 2021-03-16 Sold (Public Records) $109,000 Public Records
• 2021-03-11 Sold (MLS) $109,000 IBRMLS
• 2021-03-11 Sold (MLS) $109,000 IBRMLS
• 2021-03-11 Sold (MLS) $109,000 UNYREIS
• 2020-12-16 Listed $112,000 IBRMLS
• 2020-12-16 Listed $112,000 IBRMLS
• 2020-12-16 Listed $112,000 UNYREIS
• 2013-06-19 Sold (Public Records) $80,500 Public Records
• 2013-06-14 Sold (MLS) $80,500 UNYREIS
• 2013-03-27 Listed $79,900 UNYREIS
• 2012-10-01 Listing Removed — UNYREIS
• 2012-07-26 Listed $84,900 UNYREIS
• 2010-02-01 Sold (Public Records) $70,000 Public Records
• 2010-01-29 Sold (MLS) $70,000 UNYREIS
• 2009-10-26 Listed $69,900 UNYREIS

Property tax history

+4.0%/yr

Latest (2025): $3,233 · -1.9% YoY. Source: county tax records.