112 N 10th St · Olean, NY 14760

$139,900

4 bd · 2.5 ba · 1,496 sqft · SingleFamily public records · 14 Days on market

Built 1940 5,600 sqft lot Est $150k · 6% 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).

• Cash flow +21.9/30.0
• ARV discount +10.4/15.0
• DSCR +7.0/10.0
• 1% rule +5.6/10.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price Reduced for quick sale on this well kept traditional 4 bedroom 2.5 bath home with built in features, nice sized bedrooms, great backyard. Enjoy the neighborhood from your covered front porch. Gutters new in 2012, roof 5 years old. Come see this home today. Put your offer in today.

Key facts

• Covered front porch
• Full walk-up attic
• Built-in features

Tags

• BUILT-IN FEATURES
• FULL WALK-UP ATTIC
• COVERED FRONT PORCH
• FENCED BACKYARD

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water (connected); Sewer connected; Electric with circuit breakers
• Home design: 2 stories; Existing construction
• Construction: Fiber cement siding; Asphalt roof; Stone foundation; Built (existing)
• Exterior features: Concrete driveway; Rectangular residential lot (50 x 112)

Interior

• Kitchen: Electric oven; Electric range
• Bedrooms: Total rooms: 7 (includes living spaces such as living room, entry foyer, laundry)
• Flooring: Hardwood; Laminate; Luxury vinyl; Varies
• Bathrooms: 2 full bathrooms; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Gas heating; Baseboard heating; Hot water heating
• Interior features: Separate/formal dining room; Entrance foyer; Eat-in kitchen; Separate/formal living room; Pantry; Has full basement
• Laundry & utility: Laundry in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).

Location & tenants

• Location reads 72/100 on livability (#353 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Olean City School District (town): math 40% / reading 43% proficiency, ranked #511 of 590 in NY (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 141 active listings in the ZIP; 128 units permitted in Cattaraugus County in 2024 (21 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Cattaraugus County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y 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 $49k; list at $140k implies a 186% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1940 — 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 B-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. 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?
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: 1.06% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.78%
• DSCR: 1.30
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $149,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 N 13th St	0.22mi	3/2.0 (-1)	1,496 (0%)	6mo	$149,900	$100	78
216 N 14th St	0.31mi	3/1.5 (-1)	1,516 (+1%)	3mo	$143,000	$94	72
126 N 8th St	0.13mi	3/1.5 (-1)	1,552 (+4%)	9mo	$144,000	$93	71
1117 W Sullivan St	0.23mi	3/1.5 (-1)	1,400 (-6%)	6mo	$53,500	$38	65
133 N 15th St	0.33mi	3/1.5 (-1)	1,554 (+4%)	9mo	$180,000	$116	62
2005 W State St	0.56mi	3/1.0 (-1)	1,504 (+0%)	5mo	$115,000	$76	58
1013 W Sullivan St	0.22mi	5/1.5 (+1)	1,713 (+14%)	1mo	$164,300	$96	56
115 N 17th St	0.45mi	4/2.0	1,638 (+10%)	9mo	$176,000	$107	53
130 S 6th St	0.27mi	3/2.0 (-1)	1,320 (-12%)	10mo	$150,000	$114	53
221 N 19th St	0.59mi	4/1.0	1,578 (+6%)	6mo	$182,320	$116	52
112 N 21st St	0.66mi	4/2.0	1,420 (-5%)	9mo	$120,000	$85	51
315 N 18th St	0.58mi	3/2.0 (-1)	1,577 (+5%)	7mo	$180,000	$114	51

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-8,571
• Equity at exit: $20,860

10-year hold

• IRR: 3.8%
• Equity multiple: 1.27×
• Total profit: $10,725
• Equity at exit: $12,096

Cash invested: $39,172 (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 14760

• Home prices YoY: -7.7%
• Active inventory: 141
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,482 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$158 /mo · $1,894/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $221

Break-even live

Break-even rent $1,202

Max offer price $139,900

Occupancy floor 80%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-18
   days on market $139,900 Active 14 DOM
2. 2026-06-17
   days on market $139,900 Active 13 DOM
3. 2026-06-16
   days on market $139,900 Active 12 DOM
4. 2026-06-15
   days on market $139,900 Active 11 DOM
5. 2026-06-13
   days on market $139,900 Active 9 DOM
6. 2026-06-12
   days on market $139,900 Active 8 DOM
7. 2026-06-09
   days on market $139,900 Active 5 DOM
8. 2026-06-08
   days on market $139,900 Active 4 DOM
9. 2026-06-07
   days on market $139,900 Active 3 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $139,900 Active 2 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: $1,894 · $158/mo
• Projected year-2 tax: $2,129 · $177/mo
• Expected delta: +$235/yr (+$20/mo · 12.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (shaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 9 d/yr ≥90°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,786
• − Mortgage interest: −$7,837
• − Property taxes: −$1,894
• − Insurance: −$700
• − Repairs & maintenance: −$1,423
• − Management: −$1,423
• − Depreciation: −$4,070
• Taxable income: $441
• Est. tax owed @ 24.0%: −$106
• After-tax cash flow: $2,548/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: Olean City School District
• NCES district ID: 3621720
• Math proficiency: 40% ▼ -10.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $40,365
• Composite: 34.81/100
• National rank: #5104
• State rank: #511 of 590 in NY

Livability — Olean

• Score: 72/100
• State rank: #353
• US rank: #5930

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Olean, NY
• City population: 17,272
• Population (ZIP): 17,272

Population outlook (Cattaraugus County) Hauer SSP2

• Today (2025): 71,623 people
• By 2030: 67,751 · -5.4%
• By 2040: 59,488 · -16.9%
• By 2050: 51,601 · -28.0%
• By 2075: 35,025 · -51.1%
• By 2100: 21,243 · -70.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 2% Asian 2% Hispanic / Latino 1%
• Common ancestry: Romanian 10% Iranian 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Other Indo-European 1%

Political lean MEDSL · Cattaraugus

• 2024 margin: Solid R (+32.8) · D 33.6% · R 66.4%
• 2008→2024 swing: -22.2pp toward R · 2008: -10.6pp · 2024: -32.8pp
• All cycles: 2024: R+32.8 2020: R+29.5 2016: R+34.4 2012: R+13.4 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.85%
• Current HPI: 237.327
• 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

+133.6% since first listed

4 events — show timeline

• 2026-06-04 Listed $139,900 UNYREIS
• 2014-12-09 Sold (Public Records) $49,000 Public Records
• 2014-12-09 Sold (MLS) $49,000 WNYREIS
• 2013-09-26 Listed $59,900 WNYREIS

Property tax history

-2.1%/yr

Latest (2025): $1,894 · -38.9% YoY. Source: county tax records.