219 Daisy Ln · Saranac Lake, NY 12983

$127,000

2 bd · 2.0 ba · 875 sqft · Manufactured · 54 Days on market

Built 2021 Good condition 4,000 ac lot ↓ 6% since listing

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Why this score? — see what drove the C+ 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 +25.0/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Furnished and sparkling clean, this year-round Clayton built home is conveniently located in Birch Park in Saranac Lake. Built in 2021 and rarely used, it is located just steps away from the Saranac Lake/Lake Clear airport. Offered furnished. Monthly lot rent ($365.00) includes lease for lot, water and snow removal. NO TAXES! Perfect for a first home buyer, private pilot or retired couple.

Key facts

• 4000 acre lot
• 2 parking spots
• Built 2021

Property features AI

Exterior

• Parking: 2 total parking spaces; 2 open parking spaces; Additional parking available
• Utilities: Septic tank
• Home design: Manufactured house (mobile home); Single wide; One story; New construction; Residential property in mobile home sub-type
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Built as new construction
• Exterior features: Side porch; No fencing; Lot accessible via private road (private maintained road); See remarks for additional lot features

Interior

• Kitchen: Dishwasher; Gas cooktop; Microwave; Oven; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: No central cooling
• Interior features: Dishwasher; Gas cooktop; Microwave; Oven; Refrigerator; No central cooling; No basement
• Laundry & utility: No laundry hookups listed

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $127k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $276 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $127k).
• Recommended offer: $123k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.5% in Saranac Lake — 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 (#274 in NY, #4,341 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: health & safety C-, crime D+, amenities D+.
• Saranac Lake Central School District (town): math 35% / reading 48% proficiency, ranked #497 of 590 in NY (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 77 active listings in the ZIP; 124 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $878 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Franklin County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $123,190 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is D 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?
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: 1.15% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.32%
• DSCR: 1.41
• GRM: 7.2

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: -2.2%
• Equity multiple: 0.92×
• Total profit: $-2,972
• Equity at exit: $18,936

10-year hold

• IRR: 7.5%
• Equity multiple: 1.57×
• Total profit: $20,146
• Equity at exit: $10,981

Cash invested: $35,560 (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 12983

• Home prices YoY: -12.9%
• Active inventory: 77
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,460 medium
• Mortgage (P&I): −$666
• Tax est. 1.5%: −$159 /mo · $1,905/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $276

Break-even live

Break-even rent $1,111

Max offer price $127,000

Occupancy floor 76%

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $127,000 Active 54 DOM
2. 2026-06-17
   days on market $127,000 Active 53 DOM
3. 2026-06-16
   days on market $127,000 Active 52 DOM
4. 2026-06-15
   days on market $127,000 Active 51 DOM
5. 2026-06-13
   days on market $127,000 Active 49 DOM
6. 2026-06-12
   days on market $127,000 Active 48 DOM
7. 2026-06-09
   days on market $127,000 Active 45 DOM
8. 2026-06-08
   days on market $127,000 Active 44 DOM
9. 2026-06-07
   days on market $127,000 Active 43 DOM
10. 2026-06-07
    pricedays on market $127,000 Active 42 DOM
11. 2026-06-04
    days on market $135,000 Active 39 DOM
12. 2026-06-02
    days on market $135,000 Active 38 DOM
13. 2026-06-01
    days on market $135,000 Active 37 DOM
14. 2026-05-31
    days on market $135,000 Active 36 DOM
15. 2026-04-27
    status Active 392-char remark
16. 2026-04-26
    historical 392-char remark
17. 2026-04-24
    listed $135,000 Active 392-char remark

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥89°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,526
• − Mortgage interest: −$7,114
• − Property taxes: −$1,905
• − Insurance: −$635
• − Repairs & maintenance: −$1,402
• − Management: −$1,402
• − Depreciation: −$3,695
• Taxable income: $1,373
• Est. tax owed @ 24.0%: −$330
• After-tax cash flow: $2,984/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 · 6 photos

Good 80/100 Cosmetic rehab

This well-maintained Clayton-built manufactured home is in good condition with a clean and modern kitchen and bathroom. It offers a great opportunity for a first-time buyer or investor looking for a move-in ready property.

Value-add opportunities

• Both Paint the exterior — Fresh paint can significantly improve curb appeal and resale value.
• Resale Replace the kitchen faucet — A new faucet can enhance the kitchen's aesthetic and functionality.
• Both Install new window treatments — New curtains or blinds can improve the home's curb appeal and privacy.
• Both Upgrade the flooring in the bathrooms — Modern flooring can make the bathrooms more appealing and functional.
• Both Install a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior — Fresh paint can significantly improve curb appeal and resale value. ↑
• Resale Replace the kitchen faucet — A new faucet can enhance the kitchen's aesthetic and functionality. ↑
• Both Install new window treatments — New curtains or blinds can improve the home's curb appeal and privacy. ↑
• Both Upgrade the flooring in the bathrooms — Modern flooring can make the bathrooms more appealing and functional. ↑
• Both Install a smart thermostat — A smart thermostat can improve energy efficiency and comfort, making the home more attractive to buyers and renters. ↑

ⓘ 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: Saranac Lake Central School District
• NCES district ID: 3625740
• Math proficiency: 35% ▼ -7.00%
• Reading proficiency: 48% ▲ 7.00%
• Median HH income: $50,434
• Composite: 35.73/100
• National rank: #4856
• State rank: #497 of 590 in NY

Livability — Saranac Lake

• Score: 75/100
• State rank: #274
• US rank: #4341

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,410

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 48,098 people
• By 2030: 46,790 · -2.7%
• By 2040: 44,400 · -7.7%
• By 2050: 41,256 · -14.2%
• By 2075: 32,190 · -33.1%
• By 2100: 23,407 · -51.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 7% Romanian 5% Slovak 3%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Franklin

• 2024 margin: Lean R (+9.0) · D 45.5% · R 54.5%
• 2008→2024 swing: -31.2pp toward R · 2008: 22.2pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+2.2 2016: R+7.4 2012: D+26.3 2008: D+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.20%
• Current HPI: 318.7218
• 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

-5.9% since first listed

4 events — show timeline

• 2026-06-05 Price Changed $127,000 ACVMLS
• 2026-04-27 Relisted — ACVMLS
• 2026-04-26 Delisted — ACVMLS
• 2026-04-24 Listed $135,000 ACVMLS