2 Mansfield Dr · Plattsburgh, NY 12901

$44,900

2 bd · 1.0 ba · 924 sqft · Manufactured · 100 Days on market

Built 1985 Fair condition ↓ 18% 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
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immerse yourself in cozy comfort in this beautiful two-bedroom mobile home located in an intimate trailer park. This home has an open floor plan, offering an effortless flow throughout the home and maximizing use of space - making it the perfect venue for easy living or entertaining guests. Please note that the purchase is for the trailer home only. However, enjoying this dwelling ensues a yearly lease for the lot with a current rent of $379 per month, including services such as water, sewer and trash collection. This is a fantastic opportunity to have your own home without the pressure of land ownership, giving you both flexibility and affordability. Nestled in an incredible location, this home offers close proximity to Plattsburgh, placing a host of conveniences within easy reach. You'll be minutes away from shopping, dining, recreation, and more, yet far enough to enjoy the peace and serenity of your surroundings. This is more than just a place - it's a way of living. Enjoy the balance of affordable comfort and the liberty of leasing the land in this fantastic mobile home setting. Don't miss your chance to make this your new home!

Key facts

• Built 1985
• Listed 100 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $45k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $826 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $41k (9.0% below list) — sets the bar for market timing.
• Cap rate 28.4% vs local median 2.8% in Plattsburgh — 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 75/100 on livability (#262 in NY, #4,134 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, cost of living A, housing A; Watch: schools C-, employment D+, crime F.
• Beekmantown Central School District (rural): math 45% / reading 57% proficiency, ranked #360 of 590 in NY (top 61%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 176 active listings in the ZIP; 192 units permitted in Clinton County in 2024 (64 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $310 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Clinton County population projected at -16% 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($41k) is reasonable based on typical stale-listing flexibility.

Recommended offer $40,859 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
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: 3.20% ✓
• Cap rate: 28.36%
• Cash-on-cash: 78.81%
• DSCR: 4.51
• GRM: 2.6

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: 78.9%
• Equity multiple: 4.61×
• Total profit: $45,331
• Equity at exit: $6,695

10-year hold

• IRR: 82.4%
• Equity multiple: 9.53×
• Total profit: $107,273
• Equity at exit: $3,882

Cash invested: $12,572 (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 12901

• Home prices YoY: -22.5%
• Active inventory: 176
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,438 medium
• Mortgage (P&I): −$235
• Tax est. 1.5%: −$56 /mo · $674/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $826

Break-even live

Break-even rent $393

Max offer price $44,900

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $44,900 Active 100 DOM
2. 2026-06-17
   days on market $44,900 Active 99 DOM
3. 2026-06-16
   days on market $44,900 Active 98 DOM
4. 2026-06-15
   days on market $44,900 Active 97 DOM
5. 2026-06-13
   days on market $44,900 Active 95 DOM
6. 2026-06-12
   days on market $44,900 Active 94 DOM
7. 2026-06-09
   days on market $44,900 Active 91 DOM
8. 2026-06-08
   days on market $44,900 Active 90 DOM
9. 2026-06-07
   days on market $44,900 Active 89 DOM
10. 2026-06-07
    days on market $44,900 Active 88 DOM
11. 2026-06-04
    days on market $44,900 Active 85 DOM
12. 2026-06-02
    days on market $44,900 Active 84 DOM
13. 2026-06-01
    days on market $44,900 Active 83 DOM
14. 2026-05-31
    days on market $44,900 Active 82 DOM
15. 2026-05-18
    price $44,900 1151-char remark

    Show marketing remark (1151 chars)

    Immerse yourself in cozy comfort in this beautiful two-bedroom mobile home located in an intimate trailer park. This home has an open floor plan, offering an effortless flow throughout the home and maximizing use of space - making it the perfect venue for easy living or entertaining guests. Please note that the purchase is for the trailer home only. However, enjoying this dwelling ensues a yearly lease for the lot with a current rent of $379 per month, including services such as water, sewer and trash collection. This is a fantastic opportunity to have your own home without the pressure of land ownership, giving you both flexibility and affordability. Nestled in an incredible location, this home offers close proximity to Plattsburgh, placing a host of conveniences within easy reach. You'll be minutes away from shopping, dining, recreation, and more, yet far enough to enjoy the peace and serenity of your surroundings. This is more than just a place - it's a way of living. Enjoy the balance of affordable comfort and the liberty of leasing the land in this fantastic mobile home setting. Don't miss your chance to make this your new home!

16. 2026-04-10
    price $49,900 1151-char remark

    Show marketing remark (1151 chars)

    Immerse yourself in cozy comfort in this beautiful two-bedroom mobile home located in an intimate trailer park. This home has an open floor plan, offering an effortless flow throughout the home and maximizing use of space - making it the perfect venue for easy living or entertaining guests. Please note that the purchase is for the trailer home only. However, enjoying this dwelling ensues a yearly lease for the lot with a current rent of $379 per month, including services such as water, sewer and trash collection. This is a fantastic opportunity to have your own home without the pressure of land ownership, giving you both flexibility and affordability. Nestled in an incredible location, this home offers close proximity to Plattsburgh, placing a host of conveniences within easy reach. You'll be minutes away from shopping, dining, recreation, and more, yet far enough to enjoy the peace and serenity of your surroundings. This is more than just a place - it's a way of living. Enjoy the balance of affordable comfort and the liberty of leasing the land in this fantastic mobile home setting. Don't miss your chance to make this your new home!

17. 2026-03-10
    listed $55,000 Active 1151-char remark

    Show marketing remark (1151 chars)

    Immerse yourself in cozy comfort in this beautiful two-bedroom mobile home located in an intimate trailer park. This home has an open floor plan, offering an effortless flow throughout the home and maximizing use of space - making it the perfect venue for easy living or entertaining guests. Please note that the purchase is for the trailer home only. However, enjoying this dwelling ensues a yearly lease for the lot with a current rent of $379 per month, including services such as water, sewer and trash collection. This is a fantastic opportunity to have your own home without the pressure of land ownership, giving you both flexibility and affordability. Nestled in an incredible location, this home offers close proximity to Plattsburgh, placing a host of conveniences within easy reach. You'll be minutes away from shopping, dining, recreation, and more, yet far enough to enjoy the peace and serenity of your surroundings. This is more than just a place - it's a way of living. Enjoy the balance of affordable comfort and the liberty of leasing the land in this fantastic mobile home setting. Don't miss your chance to make this your new home!

ⓘ 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 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,255
• − Mortgage interest: −$2,515
• − Property taxes: −$674
• − Insurance: −$224
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$1,306
• Taxable income: $9,775
• Est. tax owed @ 24.0%: −$2,346
• After-tax cash flow: $7,562/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 · 7 photos

Fair 45/100 Moderate rehab

This mobile home requires moderate renovations to improve its appearance and functionality, with a focus on updating the kitchen and bathroom. The home is located in a trailer park and has a yearly lease for the lot.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — slight wear
• Minor interior walls — dated wallpaper

Value-add opportunities

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both update kitchen cabinets — new cabinets improve functionality and aesthetics
• Both update bathroom fixtures — new fixtures improve functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · slight wear	Minor	$500–3,000
interior walls · dated wallpaper	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both update kitchen cabinets — new cabinets improve functionality and aesthetics ↑
• Both update bathroom fixtures — new fixtures improve functionality and aesthetics ↑

ⓘ 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: Beekmantown Central School District
• NCES district ID: 3604290
• Math proficiency: 45% ▲ 2.00%
• Reading proficiency: 57% ▲ 18.00%
• Median HH income: $53,577
• Composite: 43.91/100
• National rank: #2914
• State rank: #360 of 590 in NY

Livability — Plattsburgh

• Score: 75/100
• State rank: #262
• US rank: #4134

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 32,012

Population outlook (Clinton County) Hauer SSP2

• Today (2025): 78,791 people
• By 2030: 76,848 · -2.5%
• By 2040: 71,579 · -9.2%
• By 2050: 66,471 · -15.6%
• By 2075: 57,361 · -27.2%
• By 2100: 47,232 · -40.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 5% Hispanic / Latino 4% Black 3% Asian 3%
• Common ancestry: Lithuanian 15% Romanian 3% Slovak 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 2% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Clinton

• 2024 margin: Toss-up / Even · D 48.9% · R 51.1%
• 2008→2024 swing: -25.1pp toward R · 2008: 22.9pp · 2024: -2.2pp
• All cycles: 2024: R+2.2 2020: D+5.2 2016: D+0.9 2012: D+25.6 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.55%
• Current HPI: 252.8692
• 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

-18.4% since first listed

3 events — show timeline

• 2026-05-18 Price Changed $44,900 ACVMLS
• 2026-04-10 Price Changed $49,900 ACVMLS
• 2026-03-10 Listed $55,000 ACVMLS