8667 Fay St · Brocton, NY 14769

$144,900

3 bd · 1.0 ba · 1,650 sqft · SingleFamily public records · 189 Days on market

Built 1928 9,360 sqft lot $88/sqft · 7% below area Est $155k · 7% under ↓ 15% since listing

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Why this score? — see what drove the D 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 +10.5/15.0
• Cash flow +9.5/30.0
• Appreciation +7.6/10.0
• 1% rule +3.3/10.0
• Livability +3.2/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

Key facts

• Quiet corner lot
• Quick access to i-90
• Attic-style room

Tags

• QUIET CORNER LOT
• FIRST-FLOOR LAUNDRY
• ATTIC-STYLE ROOM
• SIDEWALKS THE ENTIRE WAY
• QUICK ACCESS TO ROUTE 86
• QUICK ACCESS TO I-90

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-100 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $127k (12.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $120k (17.1% below list).
• Recommended offer: $120k (17.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#805 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment F.
• Brocton Central School District (rural): math 24% / reading 30% proficiency, ranked #584 of 590 in NY (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Brocton Elementary School (math 27% / reading 42%, grade F, #1,577 of 2,108 statewide, top 77%, 217 students, 71% FRL); Brocton Middle High School (math 22% / reading 17%, grade F, #1,098 of 1,100 statewide, top 100%, 277 students, 67% FRL) — zoned schools average 69% FRL vs 48% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 8 active listings in the ZIP; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (5.1% local appreciation)).
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $120,160 (17.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 189 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 F-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.83% ✗
• Cap rate: 5.47%
• Cash-on-cash: -2.94%
• DSCR: 0.87
• GRM: 10.0

CMA / ARV

• ARV (median comp): $155,312
• List price: $144,900
• Delta: -6.70%
• Verdict: FAIR
• Comps: 9 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8689 1st. St	0.08mi	3/2.0	1,540 (-7%)	3mo	$29,900	$19	79
6363 3rd St	0.13mi	4/1.0 (+1)	1,520 (-8%)	7mo	$165,000	$109	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.12% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.69×
• Total profit: $28,106
• Equity at exit: $83,178

10-year hold

• IRR: 12.0%
• Equity multiple: 3.22×
• Total profit: $90,103
• Equity at exit: $144,443

Cash invested: $40,572 (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 14769

• Home prices YoY: 1.9%
• Active inventory: 8
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,202 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$229 /mo · $2,743/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $-100

Break-even live

Break-even rent $1,328

Max offer price $127,316

Occupancy floor —

Sensitivity live

Price	-10% $-18	-5% $-59	+0% $-100	+5% $-141	+10% $-182
Rent	-10% $-194	-5% $-147	+0% $-100	+5% $-52	+10% $-5
Rate	-1.0pp $-27	-0.5pp $-63	base $-100	+0.5pp $-137	+1.0pp $-175

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-15
   status Pending 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

2. 2026-05-01
   status Active 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

3. 2026-03-02
   status Pending 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

4. 2026-01-28
   price $144,900 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

5. 2025-10-10
   price $149,900 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

6. 2025-09-08
   listed $169,900 Active 1561-char remark

   Show marketing remark (1561 chars)

   Welcome to this charming 2-story, 3-bedroom, 1-bath home perfectly situated on a quiet corner lot. This home is ideal for both comfort and easy travel, with updates that provide peace of mind, including a furnace (2 years), roof (7 years), many windows (2 years), added insulation (2 years), and a new roof and door on the garage. Inside, you’ll find a warm old-country kitchen, a sun-filled enclosed front porch, and thoughtful details like built-in drawers in the dining room. The first-floor laundry is conveniently located on the back enclosed porch. Upstairs, the spacious primary bedroom features an additional attic-style room, offering flexible possibilities—whether as a walk-in closet, nursery, or potential second bathroom. The location is a true highlight. The property is within 1 mile of the local Brocton School District, with sidewalks the entire way, making it safe and convenient for walking. The municipality provides excellent services, including sidewalk plowing in the winter. For commuting and day trips, the home is close to Erie, PA, with quick access to Route 86 and I-90. Outdoor recreation is nearby with Lake Erie State Park just 3 miles away and Barcelona Harbor only 10 miles from the property. Outside, enjoy well-maintained landscaping, a level yard, and the charm of a quiet corner lot. Utility costs are budget-friendly, averaging electric $55/month, gas $61/month, and water $35/month. With low taxes and a blend of updates, character, and practicality, this home is ready for its next owner to make it their own!

ⓘ 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: $2,743 · $229/mo
• Projected year-2 tax: $2,743 · $229/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 X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,419
• − Mortgage interest: −$8,117
• − Property taxes: −$2,743
• − Insurance: −$724
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − Depreciation: −$4,215
• Taxable loss: −$3,687
• Est. tax savings @ 24.0%: +$885
• After-tax cash flow: $-310/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: Brocton Central School District
• NCES district ID: 3605610
• Math proficiency: 24% ▼ -11.00%
• Reading proficiency: 30% ▬ 0.00%
• Median HH income: $39,147
• Composite: 22.66/100
• National rank: #8051
• State rank: #584 of 590 in NY

Livability — Brocton

• Score: 63/100
• State rank: #805
• US rank: #15577

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,343
• Population (ZIP): 849

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 21%
• Hispanic origin (detail): Puerto Rican 20%
• Common ancestry: Romanian 8% Iranian 4% Italian 2%
• Languages at home: 97% English-only · Other Indo-European 2% Spanish 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.12%
• Current HPI: 280.2984
• 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

-14.7% since first listed

6 events — show timeline

• 2026-05-15 Pending — UNYREIS
• 2026-05-01 Relisted — UNYREIS
• 2026-03-02 Pending — UNYREIS
• 2026-01-28 Price Changed $144,900 UNYREIS
• 2025-10-10 Price Changed $149,900 UNYREIS
• 2025-09-08 Listed $169,900 UNYREIS

Property tax history

-2.2%/yr

Latest (2025): $2,743 · +3.7% YoY. Source: county tax records.