2474 State Route 26 · Endwell, NY 13760

$99,000

3 bd · 1.0 ba · 1,069 sqft · SingleFamily public records · 94 Days on market

Built 1930 0.35 ac lot $93/sqft · 52% below area

---

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
• ARV discount +7.5/15.0
• Schools +4.9/10.0
• Rent growth +4.3/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare opportunity to own a waterfront property with incredible potential! This partially finished home sits in a peaceful setting right along the water, offering beautiful water views and endless possibilities for the right buyer. The structure is already in place and ready for someone to complete the finishing touches. Whether you're looking to create your dream residence or an investment property, this home offers a strong foundation and a unique location that’s hard to find. This property has low taxes and is located in Maine Endwell school district. The roofs had new shingles installed 1.5-2 years ago. and all new windows throughout the house. A brand new jacuzzi tub in 2nd floor bathroom along with a double sink bowl vanity. The kitchen has partially finished quartz counter tops and all new cabinets. Also, the living room has a new electric fireplace.

Key facts

• Water views
• Low taxes
• New shingles

Tags

• WATERFRONT PROPERTY
• WATER VIEWS
• UNIQUE LOCATION
• LOW TAXES
• NEW SHINGLES
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $10 ($123/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 4.0% in Endwell — 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 73/100 on livability (#303 in NY, #4,992 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, schools A; Watch: crime D-, amenities F, commute F.
• Maine-Endwell Central School District (suburban): math 54% / reading 60% proficiency, ranked #278 of 590 in NY (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+7.1%/yr); 213 active listings in the ZIP; 340 units permitted in Broome County in 2024 (269 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.1% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $31k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 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 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D 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?
8. 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.
9. 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.
10. 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: 1.56% ✓
• Cap rate: 12.00%
• Cash-on-cash: 20.37%
• DSCR: 1.91
• GRM: 5.3

CMA / ARV

• ARV (median comp): $208,222
• List price: $99,000
• Delta: -52.45%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 7.09% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.70×
• Total profit: $-8,414
• Equity at exit: $14,761

10-year hold

• IRR: 8.9%
• Equity multiple: 1.88×
• Total profit: $24,523
• Equity at exit: $8,560

Cash invested: $27,720 (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 13760

• Home prices YoY: -32.7%
• Rents YoY: 7.1%
• Active inventory: 213
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,547 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$191 /mo · $2,295/yr
• Insurance: −$41
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $10

Break-even live

Break-even rent $1,534

Max offer price $99,000

Occupancy floor 94%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $99,000 Active 94 DOM
2. 2026-06-18
   days on market $99,000 Active 93 DOM
3. 2026-06-17
   days on market $99,000 Active 92 DOM
4. 2026-06-16
   days on market $99,000 Active 91 DOM
5. 2026-06-15
   days on market $99,000 Active 90 DOM
6. 2026-06-14
   days on market $99,000 Active 88 DOM
7. 2026-06-13
   days on market $99,000 Active 87 DOM
8. 2026-06-10
   days on market $99,000 Active 85 DOM
9. 2026-06-09
   days on market $99,000 Active 84 DOM
10. 2026-06-08
    days on market $99,000 Active 83 DOM
11. 2026-06-07
    days on market $99,000 Active 82 DOM
12. 2026-06-02
    days on market $99,000 Active 77 DOM
13. 2026-06-01
    days on market $99,000 Active 76 DOM
14. 2026-05-31
    days on market $99,000 Active 75 DOM
15. 2026-05-30
    days on market $99,000 Active 74 DOM
16. 2026-04-28
    price $99,000 873-char remark

    Show marketing remark (873 chars)

    Rare opportunity to own a waterfront property with incredible potential! This partially finished home sits in a peaceful setting right along the water, offering beautiful water views and endless possibilities for the right buyer. The structure is already in place and ready for someone to complete the finishing touches. Whether you're looking to create your dream residence or an investment property, this home offers a strong foundation and a unique location that’s hard to find. This property has low taxes and is located in Maine Endwell school district. The roofs had new shingles installed 1.5-2 years ago. and all new windows throughout the house. A brand new jacuzzi tub in 2nd floor bathroom along with a double sink bowl vanity. The kitchen has partially finished quartz counter tops and all new cabinets. Also, the living room has a new electric fireplace.

17. 2026-03-17
    listed $129,900 Active 873-char remark

    Show marketing remark (873 chars)

    Rare opportunity to own a waterfront property with incredible potential! This partially finished home sits in a peaceful setting right along the water, offering beautiful water views and endless possibilities for the right buyer. The structure is already in place and ready for someone to complete the finishing touches. Whether you're looking to create your dream residence or an investment property, this home offers a strong foundation and a unique location that’s hard to find. This property has low taxes and is located in Maine Endwell school district. The roofs had new shingles installed 1.5-2 years ago. and all new windows throughout the house. A brand new jacuzzi tub in 2nd floor bathroom along with a double sink bowl vanity. The kitchen has partially finished quartz counter tops and all new cabinets. Also, the living room has a new electric fireplace.

18. 2023-04-24
    price $50,000
19. 2023-03-28
    price $52,500
20. 2023-03-21
    price $53,000
21. 2023-02-27
    price $54,000
22. 2023-01-25
    price $55,000
23. 2023-01-12
    listed $59,000 Active

ⓘ 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: $2,295 · $191/mo
• Projected year-2 tax: $2,295 · $191/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,566
• − Mortgage interest: −$5,546
• − Property taxes: −$2,295
• − Insurance: −$6,020
• − Repairs & maintenance: −$1,485
• − Management: −$1,485
• − Depreciation: −$2,880
• Taxable loss: −$1,144
• Est. tax savings @ 24.0%: +$275
• After-tax cash flow: $397/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: Maine-Endwell Central School District
• NCES district ID: 3618150
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 60% ▲ 6.00%
• Median HH income: $55,531
• Composite: 49.1/100
• National rank: #2052
• State rank: #278 of 590 in NY

Livability — Endwell

• Score: 73/100
• State rank: #303
• US rank: #4992

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Broome County · 126,805 people
• Metro: Binghamton, NY
• Population (ZIP): 42,896
• Household income: $66,095
• Rent vs Own: 35.0% rent · 65.0% own
• Severe rent burden: 1480.0

Population outlook (Broome County) Hauer SSP2

• Today (2025): 187,989 people
• By 2030: 183,066 · -2.6%
• By 2040: 172,228 · -8.4%
• By 2050: 163,161 · -13.2%
• By 2075: 153,641 · -18.3%
• By 2100: 140,851 · -25.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Hispanic / Latino 6% Black 4% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Broome

• 2024 margin: Toss-up / Even · D 50.2% · R 49.8%
• 2008→2024 swing: -7.6pp toward R · 2008: 8.0pp · 2024: 0.4pp
• All cycles: 2024: D+0.4 2020: D+3.5 2016: R+3.7 2012: D+4.6 2008: D+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.29%
• Current HPI: 270.2661
• Rent YoY: ▲ 7.09%
• Metro: Binghamton, 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

+67.8% since first listed

8 events — show timeline

• 2026-04-28 Price Changed $99,000 GBAOR
• 2026-03-17 Listed $129,900 GBAOR
• 2023-04-24 Price Changed $50,000 GBAOR
• 2023-03-28 Price Changed $52,500 GBAOR
• 2023-03-21 Price Changed $53,000 GBAOR
• 2023-02-27 Price Changed $54,000 GBAOR
• 2023-01-25 Price Changed $55,000 GBAOR
• 2023-01-12 Listed $59,000 GBAOR

Property tax history

+14.5%/yr

Latest (2025): $2,295 · +3.5% YoY. Source: county tax records.