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933 Jefferson Ave
A- Composite 83.06
Why this score? — see what drove the A- 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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +4.1/5.0
  • Livability +3.8/5.0
  • Condition / age +3.8/5.0
  • Appreciation +3.5/10.0
  • Schools +2.9/10.0

$99,900

933 Jefferson Ave · Rochester, NY 14611
3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 30 Days on market
Built 1900 Good condition 3,820 sqft lot $83/sqft · 19% below area Est $124k · 19% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Great investment opportunity just steps from University of Rochester. This 3-bedroom, 1.5-bath home offers strong rental income with current rent at $1,395/month, generating an 8%+ cap rate. Property features three spacious bedrooms, a functional layout, and a full unfinished basement for storage or future potential. Major updates include newer mechanicals and a solid roof, reducing immediate capital expenditure needs. Current tenant in place through end of June, offering flexibility for investors or owner-occupants. Excellent location with consistent rental demand due to proximity to the university, hospitals, and major employers.

Key facts

  • Functional layout
  • Newer mechanicals
  • Excellent location

Tags

INVESTMENT OPPORTUNITYFUNCTIONAL LAYOUTFULL UNFINISHED BASEMENTNEWER MECHANICALSSOLID ROOFEXCELLENT LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $100k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $657 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $100k).
  • Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
  • Cap rate 14.2% vs local median 7.6% in Rochester — 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 76/100 on livability (#222 in NY, #3,482 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
  • Rochester City School District (urban): math 21% / reading 26% proficiency, ranked #589 of 590 in NY (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Joseph C Wilson Foundation Academy (math 8% / reading 17%, grade F, #2,049 of 2,108 statewide, top 98%, 404 students, 91% FRL); East Lower School (math 2% / reading 22%, grade F, #715 of 729 statewide, top 98%, 304 students, 86% FRL); Edison Career And Technology High School (math 44% / reading 50%, grade D-, #1,007 of 1,100 statewide, top 93%, 1,233 students, 91% FRL).
  • Market conditions: Rents rising fast (+6.4%/yr); 150 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 80d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,169 units permitted in Monroe County in 2024 (591 in 5+ unit buildings).
  • At $1,676/mo this rent would consume 64% of the median local household income ($31k/yr) (locally 16% 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 (-2.9%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Monroe County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
  • At projected returns (-2.9% appreciation + 6.4% rent growth), your $28k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 30 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $98,401 (1.5% below list)

Questions for the listing agent

  1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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?
  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
1.68%
Cap rate
14.19%
Cash-on-cash
28.20%
DSCR
2.25
GRM
5.0

CMA / ARV

ARV (median comp)
$123,849
List price
$99,900
Delta
-19.34%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
120 Cottage St 0.16mi 4/1.5 (+1) 1,232 (+2%) 2mo $119,990 $97 80
1074 Exchange St 0.25mi 3/1.0 1,170 (-3%) 5mo $120,000 $103 80
84 Stratford Park 0.25mi 3/1.0 1,275 (+6%) 4mo $83,000 $65 75
90 Cottage St 0.19mi 3/1.0 1,303 (+8%) 4mo $145,000 $111 74
393 Cottage St 0.19mi 2/1.0 (-1) 1,286 (+7%) 5mo $10,000 $8 71
70 Monica St 0.47mi 3/1.0 1,144 (-5%) 0mo $160,000 $140 69
99 Shelter St 0.23mi 3/1.0 1,054 (-12%) 3mo $131,000 $124 66
797 Seward St 0.27mi 3/1.5 1,336 (+11%) 4mo $170,000 $127 64
18 Melrose St 0.42mi 4/1.5 (+1) 1,286 (+7%) 5mo $180,000 $140 58
455 Frost Ave 0.54mi 3/1.5 1,352 (+12%) 4mo $77,000 $57 49
88 Monica St 0.50mi 4/1.0 (+1) 1,342 (+12%) 5mo $97,500 $73 49
682 Frost Ave 0.71mi 4/1.0 (+1) 1,334 (+11%) 4mo $150,000 $112 41

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

Projected returns pro-forma

-2.93% appreciation · 6.37% rent growth · sell at horizon

5-year hold
IRR
26.2%
Equity multiple
2.14×
Total profit
$31,848
Equity at exit
$15,201
10-year hold
IRR
35.8%
Equity multiple
4.85×
Total profit
$107,760
Equity at exit
$9,163

Cash invested: $27,972 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
14 active · 44 under contract
Months of supply
3.5 mo (29%/mo absorbed)
Median asking
$107,450 ($87/sqft)
Median days on market
30 d
This list price
43% of active listings are priced below it
ARV vs active asking
+18.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 14611

Home prices YoY
-1.1%
Rents YoY
6.4%
Active inventory
150
Price-to-rent
5.0×

Monthly cashflow live

Estimated rent
$1,676 high interval (Pro) →
Mortgage (P&I)
$524
Tax from tax record
$101 /mo · $1,212/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$352
Net cashflow
$657

Break-even live

Break-even rent $844
Max offer price $99,900
Occupancy floor 56%

Sensitivity live

Price -10% $714 -5% $686 +0% $657 +5% $629 +10% $601
Rent -10% $525 -5% $591 +0% $657 +5% $724 +10% $790
Rate -1.0pp $708 -0.5pp $683 base $657 +0.5pp $631 +1.0pp $605

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
$24,975
Closing costs
$2,997
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
686 Seward St Rochester, NY 3.0 1.5 1166 $1,600 $1.37 139d 1 0.13mi
120 Cottage St Rochester, NY 3.0 1.5 1232 $1,950 $1.58 9d 1 0.15mi
106 Cottage St Rochester, NY 2.0 1.0 1036 $1,500 $1.45 9d 1 0.16mi
90 Cottage St Rochester, NY 3.0 1.0 1303 $900 $0.69 9d 1 0.18mi
15-17 Sawyer St Unit Up Rochester, NY 2.0 1.0 810 $1,295 $1.60 4d 1 0.22mi
367 Hawley St Rochester, NY 4.0 1.5 1210 $1,395 $1.15 139d 1 0.35mi
357 Columbia Ave Unit 02 DN Rochester, NY 2.0 1.0 1000 $1,200 $1.20 73d 1 0.38mi
185 Columbia Ave Rochester, NY 3.0 1.0 800 $1,500 $1.88 63d 1 0.42mi
192 Bartlett St Unit 192 Rochester, NY 3.0 1.0 1099 $1,295 $1.18 110d 1 0.49mi
353 Champlain St Rochester, NY 3.0 1.0 1112 $1,250 $1.12 80d 1 0.60mi
193 Reynolds St Rochester, NY 3.0 1.5 1342 $1,800 $1.34 117d 1 0.64mi
149 Champlain St Rochester, NY 2.0 1.0 1100 $1,450 $1.32 9d 1 0.64mi
98 Champlain St Rochester, NY 2.0 1.0 894 $1,750 $1.96 9d 1 0.69mi
127 Congress Ave Rochester, NY 3.0 1.0 1200 $1,595 $1.33 139d 1 0.75mi
168 Ellicott St Unit 168EST Rochester, NY 3.0 1.0 1100 $1,950 $1.77 6d 1 0.80mi
478 Tremont St Rochester, NY 3.0 2.0 1424 $1,500 $1.05 139d 1 0.83mi
1074 Mt Hope Ave Rochester, NY 2.0 1.5 960 $1,795 $1.87 87d 1 0.86mi
190 Warwick Ave Rochester, NY 3.0 1.5 1240 $1,400 $1.13 139d 1 0.87mi
30 Flanders St Rochester, NY 3.0 1.5 1170 $1,650 $1.41 78d 1 0.87mi
485 Sawyer St Unit 1 Rochester, NY 3.0 1.0 1400 $1,900 $1.36 78d 1 0.88mi
485 Sawyer St Rochester, NY 3.0 1.0 1400 $1,900 $1.36 84d 1 0.88mi
91 Reynolds St Unit 6 Rochester, NY 2.0 1.0 900 $1,100 $1.22 139d 1 0.89mi
2 Gold St Unit 2 Rochester, NY 2.0 1.0 750 $1,400 $1.87 98d 1 0.91mi
54 Sanford St Rochester, NY 2.0 1.0 1146 $1,750 $1.53 9d 1 0.92mi
53 Hubbell Park Unit 53 Rochester, NY 2.0 1.0 1230 $1,800 $1.46 9d 1 0.92mi
71 Sanford St Unit 1546304P Rochester, NY 2.0 1.0 839 $4,032 $4.81 110d 1 0.94mi
606 Post Ave Rochester, NY 3.0 1.5 1222 $2,095 $1.71 6d 1 0.95mi
165 Atkinson St #6 Rochester, NY 2.0 1.0 925 $1,150 $1.24 119d 1 0.98mi
444-450 Brooks Ave Unit 446 Rochester, NY 4.0 2.0 1150 $3,100 $2.70 106d 1 0.99mi
90 Scottsville Rd Unit 1 Rochester, NY 2.0 1.0 1000 $1,750 $1.75 61d 1 0.99mi
59 Gold St Rochester, NY 3.0 1.5 1264 $2,000 $1.58 139d 1 0.99mi
1331 Mt Hope Ave Rochester, NY 1.0–2.0 1.0–2.0 1129 $2,625 $2.33 0d 9 1.00mi
102 Virginia Ave Rochester, NY 4.0 1.5 1453 $2,150 $1.48 71d 1 1.00mi
76 Gold St Rochester, NY 2.0 1.0 750 $1,400 $1.87 98d 1 1.00mi
90 Manor Pkwy Rochester, NY 2.0 1.0 800 $1,385 $1.73 84d 2 1.01mi
132 Anthony St Rochester, NY 3.0 1.0 1260 $1,500 $1.19 87d 1 1.02mi
144 Flanders St Rochester, NY 2.0 1.0 900 $900 $1.00 73d 1 1.03mi
839 Elmwood Ave Rochester, NY 3.0 1.0 1500 $2,500 $1.67 87d 1 1.04mi
30 Hickory St Rochester, NY 2.0 1.0 1000 $1,350 $1.35 5d 1 1.08mi
30 Hickory St Unit 2-UP Rochester, NY 2.0 1.0 995 $1,400 $1.41 63d 1 1.08mi

Property features AI

Exterior

Parking
No garage
Utilities
Public water (connected)Sewer connected
Home design
Two-story homeResale propertyAsphalt architectural shingle roofVinyl siding
Construction
Block foundationVinyl siding constructionBuilt previously (existing)
Exterior features
Blacktop drivewayRectangular lot (40 x 95)Main thoroughfare frontage

Interior

Kitchen
Electric cooktopRefrigerator
Bedrooms
Total of 9 rooms including a family room
Flooring
HardwoodVaried flooring types
Bathrooms
1 full bathroom1 half bathroom1 main-level bathroom
Heating & cooling
Gas heatingForced air heating
Interior features
Separate/formal dining roomPantryFull basement
Laundry & utility
Gas water heater

Listing history 39 events

  1. 2026-09-23
    days on market $99,900 Active 30 DOM
  2. 2026-09-22
    days on market $99,900 Active 29 DOM
  3. 2026-09-21
    days on market $99,900 Active 28 DOM
  4. 2026-09-20
    days on market $99,900 Active 27 DOM
  5. 2026-09-19
    days on market $99,900 Active 26 DOM
  6. 2026-09-18
    days on market $99,900 Active 25 DOM
  7. 2026-09-17
    days on market $99,900 Active 24 DOM
  8. 2026-09-16
    days on market $99,900 Active 23 DOM
  9. 2026-09-15
    days on market $99,900 Active 22 DOM
  10. 2026-09-14
    days on market $99,900 Active 21 DOM
  11. 2026-09-13
    days on market $99,900 Active 20 DOM
  12. 2026-09-12
    days on market $99,900 Active 19 DOM
  13. 2026-09-11
    days on market $99,900 Active 18 DOM
  14. 2026-09-05
    days on market $99,900 Active 12 DOM
  15. 2026-09-04
    days on market $99,900 Active 11 DOM
  16. 2026-09-03
    days on market $99,900 Active 10 DOM
  17. 2026-08-31
    days on market $99,900 Active 7 DOM
  18. 2026-08-30
    days on market $99,900 Active 6 DOM
  19. 2026-08-29
    days on market $99,900 Active 5 DOM
  20. 2026-08-28
    days on market $99,900 Active 4 DOM
  21. 2026-08-27
    days on market $99,900 Active 3 DOM
  22. 2026-08-26
    days on market $99,900 Active 2 DOM
  23. 2026-08-25
    statusdays on marketlisting id $99,900 Active 1 DOM
  24. 2026-04-09
    status Pending
  25. 2026-04-05
    historical Active Under Contract
  26. 2026-03-24
    listed $99,900 Active
  27. 2026-03-06
    historical
  28. 2026-01-14
    listed $114,900 Active
  29. 2026-01-04
    historical
  30. 2025-11-06
    listed $114,900 Active
  31. 2025-10-29
    historical
  32. 2025-10-13
    price $99,900
  33. 2025-09-03
    price $119,900
  34. 2025-07-29
    listed $134,900 Active
  35. 2024-09-27
    soldstatus $180,000
  36. 2017-06-02
    soldstatus $48,000
  37. 2017-06-01
    soldstatus $50,000 Closed Sale or Rented
  38. 2017-04-30
    status Pending Sale
  39. 2017-03-11
    listed $56,900 Active

ⓘ 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
$1,212 · $101/mo
Projected year-2 tax
$1,450 · $121/mo
Expected delta
+$238/yr (+$20/mo · 19.7%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$20,108
− Mortgage interest
−$5,596
− Property taxes
−$1,212
− Insurance
−$500
− Repairs & maintenance
−$1,609
− Management
−$1,609
− Depreciation
−$2,906
Taxable income
$6,678
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,603
After-tax cash flow
$6,285/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 · 2 photos

Good 75/100 Cosmetic rehab Est. rehab $6,020–$18,060 screening

This single-family home in a prime location near the University of Rochester is in good condition with minimal repairs needed. It offers a strong rental income potential and is an excellent investment opportunity.

Components & finishes AI

Roof asphalt shingle · good

Value-add opportunities

  • Both Paint exterior siding — Enhances curb appeal and property value
  • Both Landscaping improvements — Enhances curb appeal and property value
  • Both Interior updates — Enhances interior aesthetics and property value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 29/100

Zoned Schools

Elementary School 19-Dr Charles T Lunsford F NY #2,075/2,108 Nat'l #39,071/41,679 Middle Northwest College Preparatory High School F NY #725/729 Nat'l #13,663/14,009 High Rochester Early College International High School B NY #715/1,100 Nat'l #2,167/17,239

Schools (NCES district)

District
Rochester City School District
NCES district ID
3624750
Math proficiency
21% ▬ 0.00%
Reading proficiency
26% ▲ 4.00%
Median HH income
$30,923
Composite
18.98/100
National rank
#8850
State rank
#589 of 590 in NY
B Composite livability gradescore 76/100

Livability — Rochester

Score
76/100
State rank
#222
US rank
#3482

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Rochester, NY
County
Monroe County · 759,460 people
City population
432,803
Metro
Rochester, NY
Population (ZIP)
17,145
Household income
$31,376
Rent vs Own
64.5% rent · 35.5% own
Severe rent burden
16% of renters

Population outlook (Monroe County) Hauer SSP2

Today (2025)
759,460 people
By 2030
757,154 · -0.3%
By 2040
740,644 · -2.5%
By 2050
714,443 · -5.9%
By 2075
645,883 · -15.0%
By 2100
547,084 · -28.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.61)
Race & ethnicity
Black 55% White 22% Hispanic / Latino 18% Two or more races 13% Asian 1%
Hispanic origin (detail)
Puerto Rican 14% Dominican 2%
Common ancestry
Romanian 1% Lithuanian 1% Slovak 1%
Foreign-born
3% · Canada
Languages at home
85% English-only · Spanish 12% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Monroe

2024 margin
D (+19.1) · D 59.5% · R 40.5%
2008→2024 swing
+1.4pp toward D · 2008: 17.7pp · 2024: 19.1pp
All cycles
2024: D+19.1 2020: D+21.0 2016: D+14.1 2012: D+17.4 2008: D+17.7

Not yet ingested

Civics

Price history

+75.6% since first listed
18 events — show timeline
  • 2026-08-24 Listed $99,900 UNYREIS
  • 2026-04-09 Pending UNYREIS
  • 2026-04-05 Contingent UNYREIS
  • 2026-04-03 Listing Removed UNYREIS
  • 2026-03-24 Listed $99,900 UNYREIS
  • 2026-03-06 Listing Removed UNYREIS
  • 2026-01-14 Listed $114,900 UNYREIS
  • 2026-01-04 Listing Removed UNYREIS
  • 2025-11-06 Listed $114,900 UNYREIS
  • 2025-10-29 Listing Removed UNYREIS
  • 2025-10-13 Price Changed $99,900 UNYREIS
  • 2025-09-03 Price Changed $119,900 UNYREIS
  • 2025-07-29 Listed $134,900 UNYREIS
  • 2024-09-27 Sold (Public Records) $180,000 Public Records
  • 2017-06-02 Sold (Public Records) $48,000 Public Records
  • 2017-06-01 Sold (MLS) $50,000 UNYREIS
  • 2017-04-30 Pending UNYREIS
  • 2017-03-11 Listed $56,900 UNYREIS

Property tax history

+7.5%/yr

Latest (2026): $1,212 · +0.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…