1330 7th Ave · Schenectady, NY 12303

$60,000

3 bd · 1.0 ba · 800 sqft · SingleFamily public records · 34 Days on market

Built 1900 5,662 sqft lot $75/sqft · 62% below area

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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
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

House is for contractor who will sell to owner occupied buyer or for 203K owner occupied buyer. Brick structure. Boarded up. No plumbing or electric. Most walls intact.

Key facts

• Off-street parking
• Generous backyard
• 5,662 sq ft lot

Tags

• GENEROUS BACKYARD
• OFF-STREET PARKING

Property features AI

Exterior

• Parking: Driveway with space for 6 vehicles
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Facing direction not specified; Entry level not specified; One or more stories (bedrooms on second level)
• Construction: Brick construction; Slate roof; Built year not specified; Foundation details not specified
• Exterior features: Fenced yard; Level, cleared lot

Interior

• Kitchen: Kitchen on the first level
• Bedrooms: Three bedrooms on the second level
• Bathrooms: One full bathroom on the first level; One half bathroom on the first level
• Heating & cooling: Baseboard heating
• Interior features: Unfinished basement; Six total rooms
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.5% vs local median 6.3% in Schenectady — 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 78/100 on livability (#167 in NY, #2,597 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, cost of living A; Watch: employment D+, crime F.
• Schenectady City School District (urban): math 38% / reading 34% proficiency, ranked #556 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Schenectady High School (math 75% / reading 90%, grade A, #446 of 1,100 statewide, top 41%, 2,743 students, 71% FRL).
• Zoned-school proficiency averages 82% at this address vs 36% district-wide (+46 pts) — the actual schools serving this property are materially stronger than the Schenectady City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 161 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Schenectady County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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.
• Current owner paid $10k; list at $60k implies a 500% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.61% ✓
• Cap rate: 19.52%
• Cash-on-cash: 47.24%
• DSCR: 3.10
• GRM: 3.2

CMA / ARV

• ARV (median comp): $157,914
• List price: $60,000
• Delta: -62.00%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1864 Ferndale Ave	0.47mi	3/1.0	864 (+8%)	0mo	$170,000	$197	65
1924 Woodlawn St	0.58mi	2/1.0 (-1)	860 (+8%)	2mo	$118,000	$137	54
1930 Carlton St	0.68mi	2/1.0 (-1)	832 (+4%)	11mo	$220,000	$264	47
538 Schenectady St	0.70mi	2/1.5 (-1)	768 (-4%)	11mo	$5,000	$7	44
517 Pennsylvania Ave	0.70mi	2/1.0 (-1)	848 (+6%)	24mo	$167,000	$197	32

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

Projected returns pro-forma

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

5-year hold

• IRR: 44.7%
• Equity multiple: 2.94×
• Total profit: $32,519
• Equity at exit: $8,946

10-year hold

• IRR: 50.7%
• Equity multiple: 5.94×
• Total profit: $83,048
• Equity at exit: $5,188

Cash invested: $16,800 (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 12303

• Active inventory: 161
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,565 high
• Mortgage (P&I): −$315
• Tax from tax record: −$236 /mo · $2,826/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $661

Break-even live

Break-even rent $728

Max offer price $60,000

Occupancy floor 53%

Sensitivity live

Price	-10% $863	-5% $678	+0% $661	+5% $644	+10% $627
Rent	-10% $538	-5% $599	+0% $661	+5% $723	+10% $785
Rate	-1.0pp $692	-0.5pp $677	base $661	+0.5pp $646	+1.0pp $630

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1130 Pleasant St Schenectady, NY	2.0	1.0	1069	$1,300	$1.22	44d	1	0.16mi
1120 Pleasant St Schenectady, NY	3.0	1.0	1000	$1,500	$1.50	15d	1	0.16mi
1121 10th Ave Schenectady, NY	2.0	1.0	800	$1,250	$1.56	24d	1	0.36mi
418 Third St Schenectady, NY	3.0	1.0	1000	$2,200	$2.20	14d	1	0.70mi
1826 Campbell Ave Schenectady, NY	3.0	1.0	1000	$1,600	$1.60	14d	1	0.73mi
1729 Ferguson St Schenectady, NY	2.0	1.0	850	$1,730	$2.04	15d	1	0.98mi
922 State St Schenectady, NY	1.0–2.0	1.0	855	$1,390	$1.63	15d	6	1.18mi
611 Cramer Ave Schenectady, NY	3.0	1.0	1100	$2,295	$2.09	14d	1	1.19mi
117 Washington Ave Schenectady, NY	2.0–4.0	1.0–2.0	1033	$1,515	$1.47	14d	9	1.31mi
23 Hawk St Schenectady, NY	2.0	1.0	920	$1,500	$1.63	19d	1	1.32mi
409 State St Schenectady, NY	2.0	1.0	1000	$1,200	$1.20	19d	1	1.36mi
13 State St Schenectady, NY	1.0–2.0	1.0	923	$1,768	$1.92	14d	1	1.43mi

Listing history 22 events

1. 2026-06-18
   days on market $60,000 Active 34 DOM
2. 2026-06-17
   days on market $60,000 Active 33 DOM
3. 2026-06-16
   days on market $60,000 Active 32 DOM
4. 2026-06-15
   days on market $60,000 Active 31 DOM
5. 2026-06-14
   days on market $60,000 Active 29 DOM
6. 2026-06-13
   days on market $60,000 Active 28 DOM
7. 2026-06-10
   days on market $60,000 Active 26 DOM
8. 2026-06-09
   days on market $60,000 Active 25 DOM
9. 2026-06-08
   days on market $60,000 Active 24 DOM
10. 2026-06-07
    days on market $60,000 Active 23 DOM
11. 2026-06-03
    days on market $60,000 Active 19 DOM
12. 2026-06-02
    days on market $60,000 Active 18 DOM
13. 2026-06-01
    days on market $60,000 Active 17 DOM
14. 2026-05-31
    days on market $60,000 Active 16 DOM
15. 2026-05-31
    days on market $60,000 Active 15 DOM
16. 2026-05-15
    listed $60,000 Active 501-char remark
17. 2013-11-08
    soldstatus $10,000 171-char remark

    Show marketing remark (171 chars)

    House is for contractor who will sell to owner occupied buyer or for 203K owner occupied buyer. Brick structure. Boarded up. No plumbing or electric. Most walls intact.

18. 2013-09-15
    historical 171-char remark

    Show marketing remark (171 chars)

    House is for contractor who will sell to owner occupied buyer or for 203K owner occupied buyer. Brick structure. Boarded up. No plumbing or electric. Most walls intact.

19. 2013-05-28
    listed $11,000 171-char remark

    Show marketing remark (171 chars)

    House is for contractor who will sell to owner occupied buyer or for 203K owner occupied buyer. Brick structure. Boarded up. No plumbing or electric. Most walls intact.

20. 2009-09-12
    historical
21. 2008-07-04
    listed $20,000
22. 2007-04-12
    soldstatus $20,000

ⓘ 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: $2,826 · $236/mo
• Projected year-2 tax: $2,826 · $236/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,782
• − Mortgage interest: −$3,361
• − Property taxes: −$2,826
• − Insurance: −$300
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$1,745
• Taxable income: $7,544
• Est. tax owed @ 24.0%: −$1,811
• After-tax cash flow: $6,125/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: Schenectady City School District
• NCES district ID: 3626010
• Math proficiency: 38% ▲ 12.00%
• Reading proficiency: 34% ▲ 2.00%
• Median HH income: $39,453
• Composite: 30.2/100
• National rank: #6309
• State rank: #556 of 590 in NY

Livability — Schenectady

• Score: 78/100
• State rank: #167
• US rank: #2597

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schenectady, NY
• County: Schenectady County · 141,369 people
• City population: 141,369
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 29,360
• Household income: $84,375
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 1318.0

Population outlook (Schenectady County) Hauer SSP2

• Today (2025): 155,046 people
• By 2030: 154,322 · -0.5%
• By 2040: 151,796 · -2.1%
• By 2050: 148,621 · -4.1%
• By 2075: 141,229 · -8.9%
• By 2100: 126,014 · -18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Two or more races 11% Black 10% Hispanic / Latino 9% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5%
• Common ancestry: Romanian 6% Lithuanian 3% Iranian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 90% English-only · Spanish 6% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Schenectady

• 2024 margin: D (+10.8) · D 55.4% · R 44.6%
• 2008→2024 swing: -1.8pp toward R · 2008: 12.7pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+15.7 2016: D+5.8 2012: D+15.4 2008: D+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.01%
• Current HPI: 280.3886
• Rent YoY: —
• Metro: Albany-Schenectady-Troy, NY
• 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

+200.0% since first listed

7 events — show timeline

• 2026-05-15 Listed $60,000 Global MLS
• 2013-11-08 Sold (MLS) $10,000 Global MLS
• 2013-09-15 Listing Removed — Global MLS
• 2013-05-28 Listed $11,000 Global MLS
• 2009-09-12 Listing Removed — Global MLS
• 2008-07-04 Listed $20,000 Global MLS
• 2007-04-12 Sold (Public Records) $20,000 Public Records

Property tax history

-0.7%/yr

Latest (2025): $2,826 · +3.5% YoY. Source: county tax records.