10 Rutland Rd · Springs, NY 11937

$1,500,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily · 267 Days on market

Built 1971 0.43 ac lot $1000/sqft · 17% below area Est $1807k · 17% under $32/mo HOA

---

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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Schools +5.1/10.0
• Rent growth +5.0/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully UPDATED RANCH in the sought-after CLEARWATER BEACH community of East Hampton. Offering both a full-time residence and the ideal HAMPTONS RETREAT, this home combines MODERN UPDATES, A RESORT-LIKE BACKYARD and EXCLUSIVE BEACH ACCESS. This home is MOVE IN READY and has a SPACIOUS and SUN-FILLED layout with VAULTED CEILINGS, SKYLIGHTS, RECESSED LIGHTING, HARDWOOD FLOORS, CROWN MOLDING, and a Cozy DUAL WOOD BURING FIREPLACE shared by the Living and Dining Rooms. The NEWLY RENOVATED KITCHEN showcases QUARTZ COUNTERS, WHITE CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, PANTRY and a BREAKFAST BAR. BATHROOMS have been RENOVATED to give a spa like feel. Bedrooms are all good size with ample closets. The home also includes SMART THERMOSTATS for heating/cooling and in-ground sprinklers. Plus, the VINYL SIDING, ROOF, CENTRAL AIR, BOILER, HOT WATER HEATER are all less than 3 years old and provide efficiency and peace of mind. The Backyard is extremely inviting and is like a PRIVATE BACKYARD OASIS which includes a Brick Patio, Gazebo and 18x40 HEATED IN-GROUND POOL where the liner, filter and heater are approximately 4 years old. White PVC FENCING encloses the back yard making it very private. The secluded yard is BEAUTIFULLY LANDSCAPED and designed for entertaining or simply relaxing. In addition, you can enjoy membership to the private Clearwater Beach Association, featuring a sandy bay beach, marina with boat slips, pavilion, playground, bocce, and basketball courts - just minutes from your door. Not only is it close to the CLEARWATER BEACH, but it is close to EAST HAMPTON VILLAGE, SHOPS, RESTAURANTS, LIRR, SCHOOLS, AND PARKS, this home is a TRUE GEM that blends LIFESTYLE, LOCATION AND LUXURY.

Key facts

• Smart thermostats
• Updated ranch
• Resort like backyard

Tags

• UPDATED RANCH
• RESORT LIKE BACKYARD
• EXCLUSIVE BEACH ACCESS
• NEWLY RENOVATED KITCHEN
• SMART THERMOSTATS
• PRIVATE BACKYARD OASIS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $7k ($83k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($20k rent vs $1.50M).
• Recommended offer: $1.32M (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#809 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: housing C-, schools D-, amenities F.
• Springs Union Free School District (town): math 55% / reading 60% proficiency, ranked #239 of 590 in NY (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 9% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+12.3%/yr); 135 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
• At $20,339/mo this rent would consume 188% of the median local household income ($130k/yr) (locally 896% 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 $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $420k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 267 days — a 12% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $200k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,320,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 267 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
7. 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.
8. 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.
9. 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: 1.36% ✓
• Cap rate: 11.84%
• Cash-on-cash: 19.80%
• DSCR: 1.88
• GRM: 6.1

CMA / ARV

• ARV (median comp): $1,807,023
• List price: $1,500,000
• Delta: -16.99%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Lion Head Rock Rd	0.74mi	4/3.0 (+1)	1,600 (+7%)	10mo	$1,850,000	$1,156	37
104 Pembroke Dr	0.65mi	3/3.0	1,697 (+13%)	14mo	$1,525,000	$899	32

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 17.0%
• Equity multiple: 1.73×
• Total profit: $305,376
• Equity at exit: $223,655

10-year hold

• IRR: 28.7%
• Equity multiple: 4.15×
• Total profit: $1,321,691
• Equity at exit: $129,693

Cash invested: $420,000 (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 11937

• Rents YoY: 12.3%
• Active inventory: 135
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $20,339 medium
• Mortgage (P&I): −$7,866
• Tax from tax record: −$614 /mo · $7,372/yr
• Insurance: −$625
• HOA: −$32
• Vacancy / Maint / Mgmt: −$4,271
• Net cashflow: $6,930

Break-even live

Break-even rent $11,566

Max offer price $1,500,000

Occupancy floor 61%

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: $375,000
• Closing costs: $45,000
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12 Underwood Dr East Hampton, NY	3.0	2.0	1600	$30,000	$18.75	18d	1	0.25mi
85 Camberly Rd East Hampton, NY	4.0	3.5	1700	$40,000	$23.53	24d	1	0.32mi
197 Hog Creek Rd East Hampton, NY	3.0	2.0	1700	$20,000	$11.76	43d	1	0.37mi
1181 Springs Fireplace Rd East Hampton, NY	3.0	2.0	1600	$75,000	$46.88	43d	1	0.48mi
135 Pembroke Dr East Hampton, NY	4.0	2.0	2000	$30,000	$15.00	24d	1	0.81mi
19 Pond Ln East Hampton, NY	3.0	2.0	1500	$85,000	$56.67	43d	1	1.25mi
12 Maidstone Park Rd East Hampton, NY	3.0	3.5	1800	$75,000	$41.67	43d	1	1.30mi

HOA detail

• Monthly dues: $32 · $384/yr
• Likely covers: waterpool

Listing history 24 events

1. 2026-06-18
   days on market $1,500,000 Active 267 DOM
2. 2026-06-17
   days on market $1,500,000 Active 266 DOM
3. 2026-06-16
   days on market $1,500,000 Active 265 DOM
4. 2026-06-15
   days on market $1,500,000 Active 264 DOM
5. 2026-06-13
   days on market $1,500,000 Active 262 DOM
6. 2026-06-13
   days on market $1,500,000 Active 261 DOM
7. 2026-06-09
   days on market $1,500,000 Active 258 DOM
8. 2026-06-08
   days on market $1,500,000 Active 257 DOM
9. 2026-06-07
   days on market $1,500,000 Active 256 DOM
10. 2026-06-04
    days on market $1,500,000 Active 253 DOM
11. 2026-06-03
    days on market $1,500,000 Active 252 DOM
12. 2026-06-02
    days on market $1,500,000 Active 251 DOM
13. 2026-06-01
    days on market $1,500,000 Active 250 DOM
14. 2026-05-31
    days on market $1,500,000 Active 249 DOM
15. 2026-04-27
    price $1,500,000 1739-char remark

    Show marketing remark (1739 chars)

    Welcome to this beautifully UPDATED RANCH in the sought-after CLEARWATER BEACH community of East Hampton. Offering both a full-time residence and the ideal HAMPTONS RETREAT, this home combines MODERN UPDATES, A RESORT-LIKE BACKYARD and EXCLUSIVE BEACH ACCESS. This home is MOVE IN READY and has a SPACIOUS and SUN-FILLED layout with VAULTED CEILINGS, SKYLIGHTS, RECESSED LIGHTING, HARDWOOD FLOORS, CROWN MOLDING, and a Cozy DUAL WOOD BURING FIREPLACE shared by the Living and Dining Rooms. The NEWLY RENOVATED KITCHEN showcases QUARTZ COUNTERS, WHITE CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, PANTRY and a BREAKFAST BAR. BATHROOMS have been RENOVATED to give a spa like feel. Bedrooms are all good size with ample closets. The home also includes SMART THERMOSTATS for heating/cooling and in-ground sprinklers. Plus, the VINYL SIDING, ROOF, CENTRAL AIR, BOILER, HOT WATER HEATER are all less than 3 years old and provide efficiency and peace of mind. The Backyard is extremely inviting and is like a PRIVATE BACKYARD OASIS which includes a Brick Patio, Gazebo and 18x40 HEATED IN-GROUND POOL where the liner, filter and heater are approximately 4 years old. White PVC FENCING encloses the back yard making it very private. The secluded yard is BEAUTIFULLY LANDSCAPED and designed for entertaining or simply relaxing. In addition, you can enjoy membership to the private Clearwater Beach Association, featuring a sandy bay beach, marina with boat slips, pavilion, playground, bocce, and basketball courts - just minutes from your door. Not only is it close to the CLEARWATER BEACH, but it is close to EAST HAMPTON VILLAGE, SHOPS, RESTAURANTS, LIRR, SCHOOLS, AND PARKS, this home is a TRUE GEM that blends LIFESTYLE, LOCATION AND LUXURY.

16. 2025-11-20
    price $1,549,000 1739-char remark

    Show marketing remark (1739 chars)

    Welcome to this beautifully UPDATED RANCH in the sought-after CLEARWATER BEACH community of East Hampton. Offering both a full-time residence and the ideal HAMPTONS RETREAT, this home combines MODERN UPDATES, A RESORT-LIKE BACKYARD and EXCLUSIVE BEACH ACCESS. This home is MOVE IN READY and has a SPACIOUS and SUN-FILLED layout with VAULTED CEILINGS, SKYLIGHTS, RECESSED LIGHTING, HARDWOOD FLOORS, CROWN MOLDING, and a Cozy DUAL WOOD BURING FIREPLACE shared by the Living and Dining Rooms. The NEWLY RENOVATED KITCHEN showcases QUARTZ COUNTERS, WHITE CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, PANTRY and a BREAKFAST BAR. BATHROOMS have been RENOVATED to give a spa like feel. Bedrooms are all good size with ample closets. The home also includes SMART THERMOSTATS for heating/cooling and in-ground sprinklers. Plus, the VINYL SIDING, ROOF, CENTRAL AIR, BOILER, HOT WATER HEATER are all less than 3 years old and provide efficiency and peace of mind. The Backyard is extremely inviting and is like a PRIVATE BACKYARD OASIS which includes a Brick Patio, Gazebo and 18x40 HEATED IN-GROUND POOL where the liner, filter and heater are approximately 4 years old. White PVC FENCING encloses the back yard making it very private. The secluded yard is BEAUTIFULLY LANDSCAPED and designed for entertaining or simply relaxing. In addition, you can enjoy membership to the private Clearwater Beach Association, featuring a sandy bay beach, marina with boat slips, pavilion, playground, bocce, and basketball courts - just minutes from your door. Not only is it close to the CLEARWATER BEACH, but it is close to EAST HAMPTON VILLAGE, SHOPS, RESTAURANTS, LIRR, SCHOOLS, AND PARKS, this home is a TRUE GEM that blends LIFESTYLE, LOCATION AND LUXURY.

17. 2025-10-06
    price $1,610,000 1739-char remark

    Show marketing remark (1739 chars)

    Welcome to this beautifully UPDATED RANCH in the sought-after CLEARWATER BEACH community of East Hampton. Offering both a full-time residence and the ideal HAMPTONS RETREAT, this home combines MODERN UPDATES, A RESORT-LIKE BACKYARD and EXCLUSIVE BEACH ACCESS. This home is MOVE IN READY and has a SPACIOUS and SUN-FILLED layout with VAULTED CEILINGS, SKYLIGHTS, RECESSED LIGHTING, HARDWOOD FLOORS, CROWN MOLDING, and a Cozy DUAL WOOD BURING FIREPLACE shared by the Living and Dining Rooms. The NEWLY RENOVATED KITCHEN showcases QUARTZ COUNTERS, WHITE CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, PANTRY and a BREAKFAST BAR. BATHROOMS have been RENOVATED to give a spa like feel. Bedrooms are all good size with ample closets. The home also includes SMART THERMOSTATS for heating/cooling and in-ground sprinklers. Plus, the VINYL SIDING, ROOF, CENTRAL AIR, BOILER, HOT WATER HEATER are all less than 3 years old and provide efficiency and peace of mind. The Backyard is extremely inviting and is like a PRIVATE BACKYARD OASIS which includes a Brick Patio, Gazebo and 18x40 HEATED IN-GROUND POOL where the liner, filter and heater are approximately 4 years old. White PVC FENCING encloses the back yard making it very private. The secluded yard is BEAUTIFULLY LANDSCAPED and designed for entertaining or simply relaxing. In addition, you can enjoy membership to the private Clearwater Beach Association, featuring a sandy bay beach, marina with boat slips, pavilion, playground, bocce, and basketball courts - just minutes from your door. Not only is it close to the CLEARWATER BEACH, but it is close to EAST HAMPTON VILLAGE, SHOPS, RESTAURANTS, LIRR, SCHOOLS, AND PARKS, this home is a TRUE GEM that blends LIFESTYLE, LOCATION AND LUXURY.

18. 2025-09-24
    listed $1,700,000 Active 1739-char remark

    Show marketing remark (1739 chars)

    Welcome to this beautifully UPDATED RANCH in the sought-after CLEARWATER BEACH community of East Hampton. Offering both a full-time residence and the ideal HAMPTONS RETREAT, this home combines MODERN UPDATES, A RESORT-LIKE BACKYARD and EXCLUSIVE BEACH ACCESS. This home is MOVE IN READY and has a SPACIOUS and SUN-FILLED layout with VAULTED CEILINGS, SKYLIGHTS, RECESSED LIGHTING, HARDWOOD FLOORS, CROWN MOLDING, and a Cozy DUAL WOOD BURING FIREPLACE shared by the Living and Dining Rooms. The NEWLY RENOVATED KITCHEN showcases QUARTZ COUNTERS, WHITE CUSTOM CABINETRY, STAINLESS STEEL APPLIANCES, PANTRY and a BREAKFAST BAR. BATHROOMS have been RENOVATED to give a spa like feel. Bedrooms are all good size with ample closets. The home also includes SMART THERMOSTATS for heating/cooling and in-ground sprinklers. Plus, the VINYL SIDING, ROOF, CENTRAL AIR, BOILER, HOT WATER HEATER are all less than 3 years old and provide efficiency and peace of mind. The Backyard is extremely inviting and is like a PRIVATE BACKYARD OASIS which includes a Brick Patio, Gazebo and 18x40 HEATED IN-GROUND POOL where the liner, filter and heater are approximately 4 years old. White PVC FENCING encloses the back yard making it very private. The secluded yard is BEAUTIFULLY LANDSCAPED and designed for entertaining or simply relaxing. In addition, you can enjoy membership to the private Clearwater Beach Association, featuring a sandy bay beach, marina with boat slips, pavilion, playground, bocce, and basketball courts - just minutes from your door. Not only is it close to the CLEARWATER BEACH, but it is close to EAST HAMPTON VILLAGE, SHOPS, RESTAURANTS, LIRR, SCHOOLS, AND PARKS, this home is a TRUE GEM that blends LIFESTYLE, LOCATION AND LUXURY.

19. 2023-04-19
    soldstatus $1,350,000
20. 2023-01-18
    soldstatus $1,350,000 Closed 1115-char remark

    Show marketing remark (1115 chars)

    Welcome home! Beautiful 3BR/2BA Ranch in COVETED CLEARWATER BEACH PRIVATE COMMUNITY! Fresh Paint Oct'21/O'sized LR:HW Flr/slider to yard/dual-sided brick wood burning FP to DR w HW Flr/vaulted clg/fan/ slider to side patio. Sunlit Den/vaulted clg/2 skylights/fan/LED hi-hats/LVT Flr. Updated EIK/"NEW" Stainless Steel Appliances/Gas cooking/Granite countertop area for stools/Wood Cabinets/Pantry. Updated main bath/Dbl vanity/porcelain tile/tub/shower/linen shelves. All 3 BRs w HW FLRs & ceiling fans.Drop-stair attic. Beautiful full-fin bsmt w Updated Full Bath/OSE/Egress Window/LED Hi-hats/LVT Flr/Humidex/Laundry/Utility/2 Flex Rms/Oil Burner (2022)/6 yrs 275 Gal Oil Tank/HWH/CAC/Andersen Windows//200 AMP. Flat .43 acre parklike fenced yard/Brick patio/shed/18'x40' IGP propane heat/solar cover. New Looploc cover-liner-steps-filter Oct '21. Close to village/shops/parks/schools/LIRR. Gated Marina/Lifeguarded Beach/Playground/Pavillion/Bocce/Annual BBQ/GORGEOUS SUNSETS over Gardiner's Bay!, Additional information: Appearance:MINT+++,Green Features:Insulated Doors,Separate Hotwater Heater:Y

21. 2022-10-25
    status Pending 1115-char remark

    Show marketing remark (1115 chars)

    Welcome home! Beautiful 3BR/2BA Ranch in COVETED CLEARWATER BEACH PRIVATE COMMUNITY! Fresh Paint Oct'21/O'sized LR:HW Flr/slider to yard/dual-sided brick wood burning FP to DR w HW Flr/vaulted clg/fan/ slider to side patio. Sunlit Den/vaulted clg/2 skylights/fan/LED hi-hats/LVT Flr. Updated EIK/"NEW" Stainless Steel Appliances/Gas cooking/Granite countertop area for stools/Wood Cabinets/Pantry. Updated main bath/Dbl vanity/porcelain tile/tub/shower/linen shelves. All 3 BRs w HW FLRs & ceiling fans.Drop-stair attic. Beautiful full-fin bsmt w Updated Full Bath/OSE/Egress Window/LED Hi-hats/LVT Flr/Humidex/Laundry/Utility/2 Flex Rms/Oil Burner (2022)/6 yrs 275 Gal Oil Tank/HWH/CAC/Andersen Windows//200 AMP. Flat .43 acre parklike fenced yard/Brick patio/shed/18'x40' IGP propane heat/solar cover. New Looploc cover-liner-steps-filter Oct '21. Close to village/shops/parks/schools/LIRR. Gated Marina/Lifeguarded Beach/Playground/Pavillion/Bocce/Annual BBQ/GORGEOUS SUNSETS over Gardiner's Bay!, Additional information: Appearance:MINT+++,Green Features:Insulated Doors,Separate Hotwater Heater:Y

22. 2022-08-24
    listed $1,450,000 Active 1115-char remark

    Show marketing remark (1115 chars)

    Welcome home! Beautiful 3BR/2BA Ranch in COVETED CLEARWATER BEACH PRIVATE COMMUNITY! Fresh Paint Oct'21/O'sized LR:HW Flr/slider to yard/dual-sided brick wood burning FP to DR w HW Flr/vaulted clg/fan/ slider to side patio. Sunlit Den/vaulted clg/2 skylights/fan/LED hi-hats/LVT Flr. Updated EIK/"NEW" Stainless Steel Appliances/Gas cooking/Granite countertop area for stools/Wood Cabinets/Pantry. Updated main bath/Dbl vanity/porcelain tile/tub/shower/linen shelves. All 3 BRs w HW FLRs & ceiling fans.Drop-stair attic. Beautiful full-fin bsmt w Updated Full Bath/OSE/Egress Window/LED Hi-hats/LVT Flr/Humidex/Laundry/Utility/2 Flex Rms/Oil Burner (2022)/6 yrs 275 Gal Oil Tank/HWH/CAC/Andersen Windows//200 AMP. Flat .43 acre parklike fenced yard/Brick patio/shed/18'x40' IGP propane heat/solar cover. New Looploc cover-liner-steps-filter Oct '21. Close to village/shops/parks/schools/LIRR. Gated Marina/Lifeguarded Beach/Playground/Pavillion/Bocce/Annual BBQ/GORGEOUS SUNSETS over Gardiner's Bay!, Additional information: Appearance:MINT+++,Green Features:Insulated Doors,Separate Hotwater Heater:Y

23. 2011-04-14
    soldstatus $510,000
24. 1996-11-18
    soldstatus $190,000

ⓘ 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: $7,372 · $614/mo
• Projected year-2 tax: $16,361 · $1,363/mo
• Expected delta: +$8,989/yr (+$749/mo · 121.9%)

ⓘ 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 4/10 Moderate 7 d/yr ≥90°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $244,070
• − Mortgage interest: −$84,023
• − Property taxes: −$7,372
• − Insurance: −$7,500
• − Repairs & maintenance: −$19,526
• − Management: −$19,526
• − HOA: −$384
• − Depreciation: −$43,636
• Taxable income: $62,103
• Est. tax owed @ 24.0%: −$14,905
• After-tax cash flow: $68,260/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: Springs Union Free School District
• NCES district ID: 3627900
• Math proficiency: 55% ▲ 6.00%
• Reading proficiency: 60% ▲ 10.00%
• Median HH income: $75,413
• Composite: 51.42/100
• National rank: #1728
• State rank: #239 of 590 in NY

Livability — Springs

• Score: 63/100
• State rank: #809
• US rank: #15666

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springs, NY
• County: Suffolk County · 679,920 people
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 21,882
• Household income: $129,883
• Rent vs Own: 23.1% rent · 76.9% own
• Severe rent burden: 896.0

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 32% Two or more races 23% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Romanian 5% Scotch-Irish 4% Italian 2%
• Foreign-born: 25% · Canada, Guatemala, Jamaica
• Languages at home: 68% English-only · Spanish 28% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -285.21%
• Current HPI: 444.1499
• Rent YoY: ▲ 12.28%
• 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

+689.5% since first listed

10 events — show timeline

• 2026-04-27 Price Changed $1,500,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-20 Price Changed $1,549,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-06 Price Changed $1,610,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-24 Listed $1,700,000 OneKey® MLS as Distributed by MLS Grid
• 2023-04-19 Sold (Public Records) $1,350,000 Public Records
• 2023-01-18 Sold (MLS) $1,350,000 OneKey® MLS as Distributed by MLS Grid
• 2022-10-25 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-08-24 Listed $1,450,000 OneKey® MLS as Distributed by MLS Grid
• 2011-04-14 Sold (Public Records) $510,000 Public Records
• 1996-11-18 Sold (Public Records) $190,000 Public Records

Property tax history

+0.2%/yr

Latest (2025): $7,372 · +0.0% YoY. Source: county tax records.