13 Rippleway Dr #197 · Blasdell, NY 14075

$49,900

2 bd · 2.0 ba · 924 sqft · Manufactured · 65 Days on market

Built 1985 Good condition $54/sqft · 22% above area Est $41k · 22% over ↓ 15% since listing

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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
• Schools +4.7/10.0
• Rent growth +3.8/5.0
• Condition / age +3.8/5.0
• Livability +3.3/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to easy living in Eaglecrest Mobile Home Park! This well-maintained 2-bedroom, 2 full bathroom home offers comfort, functionality, and great value. Step inside to find a bright and inviting layout featuring first-floor laundry and a spacious mudroom—perfect for keeping things organized year-round. The retro kitchen has plenty of cabinetry and adds character to the home. The 2.5-car garage, plus a lean-to adds plenty of room for parking, storage, or hobbies. Enjoy peace of mind with a roof replaced in 2016, and relax outdoors on the covered front porch, ideal for morning coffee or unwinding at the end of the day. Included in sale: washer, dryer, and dishwasher (refrigerators & stove not included) Lot rent is $971, application is required for Mobile Home Park

Key facts

• Covered front porch
• Spacious mudroom
• Retro kitchen

Tags

• FIRST-FLOOR LAUNDRY
• SPACIOUS MUDROOM
• RETRO KITCHEN
• COVERED FRONT PORCH
• ROOF REPLACED

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $884 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 27.6% vs local median 4.5% in Blasdell — 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 66/100 on livability (#643 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, schools D-, amenities F.
• Frontier Central School District (suburban): math 54% / reading 55% proficiency, ranked #301 of 590 in NY (top 51%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+5.2%/yr); 262 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,244 units permitted in Erie County in 2024 (563 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Recommended offer $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 3.12% ✓
• Cap rate: 27.55%
• Cash-on-cash: 75.93%
• DSCR: 4.38
• GRM: 2.7

CMA / ARV

• ARV (median comp): $40,867
• List price: $49,900
• Delta: 22.10%
• Verdict: OVERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
32 Brookridge Dr	0.08mi	2/1.0	924 (0%)	2mo	$37,250	$40	91
41 S Roxbury Dr	0.24mi	3/2.0 (+1)	924 (0%)	3mo	$40,000	$43	81
50 S Roxbury Dr	0.20mi	3/2.0 (+1)	924 (0%)	6mo	$84,900	$92	81
69 S Eaglecrest Dr	0.16mi	2/2.0	994 (+8%)	3mo	$52,500	$53	78
52 Waterview Pkwy	0.33mi	3/2.0 (+1)	924 (0%)	3mo	$65,000	$70	77
87 Waterview Pkwy	0.27mi	2/1.5	924 (0%)	11mo	$46,000	$50	76
2 Vibernum Dr	0.33mi	2/1.0	924 (0%)	10mo	$26,000	$28	72
8 N Eaglecrest Dr	0.30mi	2/1.0	924 (0%)	13mo	$31,000	$34	71
32 Waterview Pkwy	0.36mi	2/1.0	936 (+1%)	8mo	$25,000	$27	71
37 Waterview Pkwy	0.37mi	2/1.0	924 (0%)	11mo	$56,000	$61	70
17 Rippleway Dr	0.02mi	3/1.0 (+1)	1,036 (+12%)	1mo	$28,000	$27	69
10 Vibernum Dr	0.32mi	3/1.0 (+1)	924 (0%)	10mo	$23,500	$25	68

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 · 5.21% rent growth · sell at horizon

5-year hold

• IRR: 78.4%
• Equity multiple: 4.71×
• Total profit: $51,776
• Equity at exit: $7,440

10-year hold

• IRR: 82.5%
• Equity multiple: 10.51×
• Total profit: $132,859
• Equity at exit: $4,314

Cash invested: $13,972 (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 14075

• Rents YoY: 5.2%
• Active inventory: 262
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,556 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $748/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $884

Break-even live

Break-even rent $437

Max offer price $49,900

Occupancy floor 38%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4819 Southwestern Blvd Hamburg, NY	2.0	2.0	1170	$2,055	$1.76	1d	1	0.87mi
3580 Sowles Rd Hamburg, NY	2.0	1.0	850	$1,450	$1.71	1d	1	0.95mi
4600 Southwestern Blvd Hamburg, NY	1.0–2.0	1.0	725	$1,750	$2.41	1d	13	0.98mi
4591 Southwestern Blvd Hamburg, NY	1.0–2.0	1.0	737	$1,415	$1.92	1d	12	1.12mi

Listing history 16 events

1. 2026-06-18
   days on market $49,900 Active 65 DOM
2. 2026-06-17
   days on market $49,900 Active 64 DOM
3. 2026-06-16
   days on market $49,900 Active 63 DOM
4. 2026-06-15
   days on market $49,900 Active 62 DOM
5. 2026-06-13
   days on market $49,900 Active 60 DOM
6. 2026-06-10
   days on market $49,900 Active 57 DOM
7. 2026-06-09
   days on market $49,900 Active 56 DOM
8. 2026-06-08
   days on market $49,900 Active 55 DOM
9. 2026-06-07
   days on market $49,900 Active 54 DOM
10. 2026-06-05
    days on market $49,900 Active 51 DOM
11. 2026-06-03
    days on market $49,900 Active 50 DOM
12. 2026-06-02
    days on market $49,900 Active 49 DOM
13. 2026-06-01
    days on market $49,900 Active 48 DOM
14. 2026-05-31
    days on market $49,900 Active 47 DOM
15. 2026-05-05
    price $49,900 788-char remark

    Show marketing remark (788 chars)

    Welcome to easy living in Eaglecrest Mobile Home Park! This well-maintained 2-bedroom, 2 full bathroom home offers comfort, functionality, and great value. Step inside to find a bright and inviting layout featuring first-floor laundry and a spacious mudroom—perfect for keeping things organized year-round. The retro kitchen has plenty of cabinetry and adds character to the home. The 2.5-car garage, plus a lean-to adds plenty of room for parking, storage, or hobbies. Enjoy peace of mind with a roof replaced in 2016, and relax outdoors on the covered front porch, ideal for morning coffee or unwinding at the end of the day. Included in sale: washer, dryer, and dishwasher (refrigerators & stove not included) Lot rent is $971, application is required for Mobile Home Park

16. 2026-04-14
    listed $59,000 Active 788-char remark

    Show marketing remark (788 chars)

    Welcome to easy living in Eaglecrest Mobile Home Park! This well-maintained 2-bedroom, 2 full bathroom home offers comfort, functionality, and great value. Step inside to find a bright and inviting layout featuring first-floor laundry and a spacious mudroom—perfect for keeping things organized year-round. The retro kitchen has plenty of cabinetry and adds character to the home. The 2.5-car garage, plus a lean-to adds plenty of room for parking, storage, or hobbies. Enjoy peace of mind with a roof replaced in 2016, and relax outdoors on the covered front porch, ideal for morning coffee or unwinding at the end of the day. Included in sale: washer, dryer, and dishwasher (refrigerators & stove not included) Lot rent is $971, application is required for Mobile Home Park

ⓘ 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 2/10 Low 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,666
• − Mortgage interest: −$2,795
• − Property taxes: −$748
• − Insurance: −$250
• − Repairs & maintenance: −$1,493
• − Management: −$1,493
• − Depreciation: −$1,452
• Taxable income: $10,435
• Est. tax owed @ 24.0%: −$2,504
• After-tax cash flow: $8,104/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 · 1 photo

Good 75/100 Cosmetic rehab

This well-maintained mobile home in Eaglecrest Mobile Home Park offers a good condition with minor repairs needed. Upgrades to the exterior and interior can significantly enhance its value.

Repairs flagged

• Minor Kitchen cabinets — Visible wear
• Minor Flooring — Some wear

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace carpet — Improves comfort and value
• Both Update kitchen cabinets — Modernizes and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Visible wear	Minor	$500–3,000
Flooring · Some wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace carpet — Improves comfort and value ↑
• Both Update kitchen cabinets — Modernizes 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: Frontier Central School District
• NCES district ID: 3611670
• Math proficiency: 54% ▼ -16.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $58,807
• Composite: 47.36/100
• National rank: #2291
• State rank: #301 of 590 in NY

Livability — Blasdell

• Score: 66/100
• State rank: #643
• US rank: #12059

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Erie County · 714,559 people
• Metro: Buffalo-Cheektowaga, NY
• Population (ZIP): 44,520
• Household income: $83,383
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 824.0

Population outlook (Erie County) Hauer SSP2

• Today (2025): 933,037 people
• By 2030: 935,181 · +0.2%
• By 2040: 928,531 · -0.5%
• By 2050: 905,725 · -2.9%
• By 2075: 834,037 · -10.6%
• By 2100: 708,033 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 20% Lithuanian 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Erie

• 2024 margin: Lean D (+9.7) · D 54.8% · R 45.2%
• 2008→2024 swing: -7.9pp toward R · 2008: 17.5pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+14.7 2016: D+4.8 2012: D+15.6 2008: D+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -261.10%
• Current HPI: 300.2852
• Rent YoY: ▲ 5.21%
• Metro: Buffalo-Cheektowaga, 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

-15.4% since first listed

2 events — show timeline

• 2026-05-05 Price Changed $49,900 WNYREIS
• 2026-04-14 Listed $59,000 WNYREIS