247 Windsor Pkwy · Hempstead, NY 11550

$549,000

4 bd · 2.0 ba · 1,350 sqft · SingleFamily public records · 37 Days on market

Built 1952 5,340 sqft lot $407/sqft · 25% below area Est $732k · 25% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• Schools +5.8/10.0
• DSCR +4.4/10.0
• Livability +4.0/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming Cape Cod single-family home in Hempstead featuring 4 bedrooms and 2 full bathrooms. Clean interior, private garage, and great location near shopping and transportation. Please verify additional Village taxes.

Key facts

• Private garage
• Great location
• 5,340 sq ft lot

Tags

• PRIVATE GARAGE
• GREAT LOCATION

Property features AI

Finance

• Other: Tax year 2024 (tax amount reported separately)

Exterior

• Parking: Garage (1 space); No carport
• Utilities: Public sewer; No additional utilities listed
• Home design: Single family residence; Living area reported from public records
• Construction: Aluminum siding construction
• Exterior features: Aluminum siding; Not waterfront

Interior

• Kitchen: Dishwasher; Oven; Refrigerator
• Bedrooms: 5 total rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating; Central air conditioning
• Interior features: Formal dining room; High ceilings; Open kitchen; Pantry; Partially finished basement
• Laundry & utility: Washer; Dryer; Additional utility features not specified

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $549k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $457k (16.8% below list).
• Recommended offer: $457k (16.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.1% in Hempstead — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#123 in NY, #2,002 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime C-, schools D, cost of living F.
• Uniondale Union Free School District (suburban): math 59% / reading 70% proficiency, ranked #164 of 590 in NY (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 167 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).
• At $4,566/mo this rent would consume 59% of the median local household income ($93k/yr) (locally 2535% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($533k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $549k implies a 1364% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $456,570 (16.8% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.83% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.94%
• DSCR: 1.04
• GRM: 10.0

CMA / ARV

• ARV (median comp): $732,037
• List price: $549,000
• Delta: -25.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34 Heath Pl	0.15mi	4/2.0	1,294 (-4%)	2mo	$640,000	$495	84
48 Cliff Ave	0.25mi	4/1.0	1,289 (-4%)	2mo	$454,000	$352	75
248 Kennedy Ave	0.09mi	3/2.0 (-1)	1,474 (+9%)	3mo	$740,000	$502	73
138 Windsor Pkwy	0.24mi	3/3.0 (-1)	1,242 (-8%)	1mo	$735,000	$592	66
34 Frazier St	0.24mi	3/1.5 (-1)	1,472 (+9%)	1mo	$480,000	$326	66
141 Brown Ave	0.10mi	4/3.0	1,541 (+14%)	4mo	$744,600	$483	65
45 Alabama Ave	0.74mi	4/2.0	1,344 (-0%)	0mo	$485,000	$361	64
2 Fordham Pl	0.58mi	3/1.0 (-1)	1,300 (-4%)	1mo	$450,226	$346	57
12 Taylor Pl	0.50mi	3/1.5 (-1)	1,174 (-13%)	1mo	$610,000	$520	47
54 W Marshall St	0.71mi	3/1.5 (-1)	1,472 (+9%)	2mo	$475,000	$323	43
172 Argyle Ave	0.68mi	3/2.0 (-1)	1,152 (-15%)	0mo	$590,000	$512	38
831 Dean Dr	0.71mi	3/2.0 (-1)	1,147 (-15%)	1mo	$690,000	$602	36

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: -14.8%
• Equity multiple: 0.47×
• Total profit: $-81,375
• Equity at exit: $81,858

10-year hold

• IRR: -6.2%
• Equity multiple: 0.60×
• Total profit: $-61,425
• Equity at exit: $47,467

Cash invested: $153,720 (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 11550

• Active inventory: 167
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $4,566 high
• Mortgage (P&I): −$2,879
• Tax from tax record: −$378 /mo · $4,538/yr
• Insurance: −$229
• HOA: −$0
• Vacancy / Maint / Mgmt: −$959
• Net cashflow: $121

Break-even live

Break-even rent $4,413

Max offer price $549,000

Occupancy floor 92%

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: $137,250
• Closing costs: $16,470
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
54 Kane Ave Hempstead, NY	5.0	2.0	1750	$4,800	$2.74	43d	1	0.16mi
533 Greenwich St Unit 1D Hempstead, NY	3.0	2.0	1103	$4,000	$3.63	43d	1	0.33mi
366 Greenwich St Hempstead, NY	3.0	1.5	1504	$4,000	$2.66	1d	1	0.38mi
12 Elm Ave Unit 1 Hempstead, NY	3.0	1.0	970	$3,500	$3.61	19d	1	0.73mi
523 Hawthorne Ave Uniondale, NY	3.0	1.0	1328	$3,300	$2.48	24d	1	0.93mi
529 Maple Ave Unit Second Floor Uniondale, NY	3.0	2.0	1240	$3,750	$3.02	24d	1	1.12mi
20 Ingraham Ln Hempstead, NY	3.0	1.0	950	$3,150	$3.32	43d	1	1.15mi

Listing history 16 events

1. 2026-06-18
   days on market $549,000 Active 37 DOM
2. 2026-06-17
   days on market $549,000 Active 36 DOM
3. 2026-06-16
   days on market $549,000 Active 35 DOM
4. 2026-06-15
   days on market $549,000 Active 34 DOM
5. 2026-06-13
   days on market $549,000 Active 32 DOM
6. 2026-06-13
   days on market $549,000 Active 31 DOM
7. 2026-06-09
   days on market $549,000 Active 28 DOM
8. 2026-06-08
   days on market $549,000 Active 27 DOM
9. 2026-06-07
   days on market $549,000 Active 26 DOM
10. 2026-06-04
    days on market $549,000 Active 23 DOM
11. 2026-06-03
    days on market $549,000 Active 22 DOM
12. 2026-06-02
    days on market $549,000 Active 21 DOM
13. 2026-06-01
    days on market $549,000 Active 20 DOM
14. 2026-05-31
    days on market $549,000 Active 19 DOM
15. 2026-04-22
    listed $549,000 Active 217-char remark
16. 1978-04-01
    soldstatus $37,500

ⓘ 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: $4,538 · $378/mo
• Projected year-2 tax: $6,908 · $576/mo
• Expected delta: +$2,370/yr (+$198/mo · 52.2%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 53% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,788
• − Mortgage interest: −$30,753
• − Property taxes: −$4,538
• − Insurance: −$2,745
• − Repairs & maintenance: −$4,383
• − Management: −$4,383
• − Depreciation: −$15,971
• Taxable loss: −$7,984
• Est. tax savings @ 24.0%: +$1,916
• After-tax cash flow: $3,368/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: Uniondale Union Free School District
• NCES district ID: 3629280
• Math proficiency: 59% ▲ 8.00%
• Reading proficiency: 70% ▲ 17.00%
• Median HH income: $78,596
• Composite: 57.5/100
• National rank: #1071
• State rank: #164 of 590 in NY

Livability — Hempstead

• Score: 79/100
• State rank: #123
• US rank: #2002

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hempstead, NY
• County: Nassau County · 653,051 people
• City population: 60,960
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 60,960
• Household income: $92,677
• Rent vs Own: 50.3% rent · 49.7% own
• Severe rent burden: 2535.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 44% Black 43% Two or more races 14% White 7% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 4%
• Common ancestry: Hispanic 4%
• Foreign-born: 37% · Canada, Jamaica
• Languages at home: 53% English-only · Spanish 40% French/Haitian/Cajun 4% Other Indo-European 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -297.72%
• Current HPI: 339.055
• Rent YoY: —
• 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

+1364.0% since first listed

2 events — show timeline

• 2026-04-22 Listed $549,000 OneKey® MLS as Distributed by MLS Grid
• 1978-04-01 Sold (Public Records) $37,500 Public Records

Property tax history

+1.0%/yr

Latest (2024): $4,538 · +7.7% YoY. Source: county tax records.