407 Swartekill Rd · Rifton, NY 12528

$135,000

2 bd · 1.0 ba · 552 sqft · Manufactured public records · 183 Days on market

Built 1970 1.29 ac lot

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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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +6.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

Key facts

• 1.29 acre lot
• Built 1970
• Listed 183 days

Property features AI

Exterior

• Parking: Driveway parking; Off-street parking
• Utilities: Electricity connected; Central Hudson electric service; Septic sewer
• Home design: Mobile home with land
• Construction: Aluminum siding
• Exterior features: Wooded lot

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Includes a first-floor bedroom
• Flooring: Wood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Heat pump heating; Ductless cooling
• Interior features: First-floor bedroom; First-floor full bathroom; Eat-in kitchen
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $460 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#1,170 in NY) — a working-class tenant base; expect higher turnover. Strengths: crime A; Watch: amenities F, commute F, employment F.
• New Paltz Central School District (suburban): math 67% / reading 88% proficiency, ranked #70 of 590 in NY (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Duzine School (317 students, 27% FRL); New Paltz Middle School (math 24% / reading 74%, grade C, #280 of 729 statewide, top 40%, 421 students, 28% FRL); New Paltz Senior High School (math 97% / reading 100%, grade A+, #10 of 1,100 statewide, top 1%, 668 students, 27% FRL).
• Market conditions: 107 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 464 units permitted in Ulster County in 2024 (170 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Ulster County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 183 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $135k implies a 200% gain — meaningful room to come down on a strong offer.

Recommended offer $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 183 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.30% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.59%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $7,424
• Equity at exit: $20,129

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $44,248
• Equity at exit: $11,672

Cash invested: $37,800 (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 12528

• Home prices YoY: -20.5%
• Active inventory: 107
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$159 /mo · $1,903/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $460

Break-even live

Break-even rent $1,168

Max offer price $135,000

Occupancy floor 69%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30 Black Creek Rd Unit BC-E01 Esopus, NY	1.0	1.0	635	$1,750	$2.76	23d	1	1.50mi

Listing history 14 events

1. 2026-04-23
   status Pending

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

2. 2026-04-23
   status Pending 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

3. 2026-03-22
   historical Active Under Contract 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

4. 2026-03-16
   status Active 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

5. 2026-03-13
   historical Active Under Contract 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

6. 2025-11-25
   price $135,000

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

7. 2025-11-25
   price $135,000 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

8. 2025-10-22
   listed $150,000 Active 1194-char remark

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

9. 2025-10-22
   listed $150,000 Active

   Show marketing remark (1194 chars)

   Charming 2-Bedroom Mobile Home on 1.29 Acres in Swartekill Neighborhood Discover the potential of this cozy 2-bedroom, 1-bathroom mobile home nestled on a spacious 1.29-acre lot in the desirable Swartekill neighborhood, located in the Town of Esopus and within the sought-after New Paltz School District. This property offers a unique opportunity for those looking to invest, renovate, or create their home in a serene setting. While the home is in need of some updates, its layout offers functionality and potential, making it a perfect project for the right buyer. Being offered as-is. The expansive lot provides plenty of space for outdoor living, gardening, or even future expansion with proper permitting and approvals. Surrounded by the natural beauty of the area, you'll enjoy a quiet retreat while still being conveniently located near local amenities, the vibrant village of New Paltz, and major commuting routes. Whether you're a first-time buyer, an investor, or someone with a vision for turning potential into reality, this property is ready for your personal touch. Bring your creativity and make this property your own! Contact us today for more details or to schedule a showing.

10. 2025-10-16
    historical $150,000
11. 2017-05-11
    soldstatus $45,000
12. 2017-05-10
    soldstatus $45,000 175-char remark

    Show marketing remark (175 chars)

    HUGE PRICE REDUCTION- 1970 MOBILE HOME IN FAIR CONDITION ON OVER 1.29 ACRES OF LAND- GREAT OPPORTUNITY TO LIVE IN THE MOBILE HOME WHILE BUILDING YOUR DREAM HOME. SOLD AS IS

13. 2016-06-04
    listed $49,999 175-char remark

    Show marketing remark (175 chars)

    HUGE PRICE REDUCTION- 1970 MOBILE HOME IN FAIR CONDITION ON OVER 1.29 ACRES OF LAND- GREAT OPPORTUNITY TO LIVE IN THE MOBILE HOME WHILE BUILDING YOUR DREAM HOME. SOLD AS IS

14. 1983-04-06
    soldstatus $16,000

ⓘ 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: $1,903 · $159/mo
• Projected year-2 tax: $2,092 · $174/mo
• Expected delta: +$189/yr (+$16/mo · 9.9%)

ⓘ 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 (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,000
• − Mortgage interest: −$7,562
• − Property taxes: −$1,903
• − Insurance: −$675
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$3,927
• Taxable income: $3,573
• Est. tax owed @ 24.0%: −$857
• After-tax cash flow: $4,659/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: New Paltz Central School District
• NCES district ID: 3620460
• Math proficiency: 67% ▲ 5.00%
• Reading proficiency: 88% ▲ 28.00%
• Median HH income: $68,223
• Composite: 67.25/100
• National rank: #386
• State rank: #70 of 590 in NY

Livability — Rifton

• Score: 50/100
• State rank: #1170
• US rank: #25535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 274
• Population (ZIP): 13,818

Population outlook (Ulster County) Hauer SSP2

• Today (2025): 175,887 people
• By 2030: 171,876 · -2.3%
• By 2040: 161,771 · -8.0%
• By 2050: 151,470 · -13.9%
• By 2075: 133,023 · -24.4%
• By 2100: 113,504 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 10% Two or more races 9% Asian 7% Black 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 1% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 2% Slovak 2%
• Foreign-born: 11% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 9% Vietnamese 6% Other Indo-European 2%

Political lean MEDSL · Ulster

• 2024 margin: D (+18.7) · D 59.3% · R 40.7%
• 2008→2024 swing: -4.9pp toward R · 2008: 23.6pp · 2024: 18.7pp
• All cycles: 2024: D+18.7 2020: D+20.9 2016: D+9.1 2012: D+21.9 2008: D+23.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.26%
• Current HPI: 327.3196
• 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

+743.8% since first listed

14 events — show timeline

• 2026-04-23 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-23 Pending — HVCRMLS
• 2026-03-22 Contingent — HVCRMLS
• 2026-03-16 Relisted — HVCRMLS
• 2026-03-13 Contingent — HVCRMLS
• 2025-11-25 Price Changed $135,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-25 Price Changed $135,000 HVCRMLS
• 2025-10-22 Listed $150,000 HVCRMLS
• 2025-10-22 Listed $150,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-16 Coming Soon $150,000 OneKey® MLS as Distributed by MLS Grid
• 2017-05-11 Sold (Public Records) $45,000 Public Records
• 2017-05-10 Sold (MLS) $45,000 HVCRMLS
• 2016-06-04 Listed $49,999 HVCRMLS
• 1983-04-06 Sold (Public Records) $16,000 Public Records

Property tax history

+75.0%/yr

Latest (2017): $1,903 · -42.6% YoY. Source: county tax records.