9395 Lakeshore View Rd · Bridgeport, NY 13037

$250,000

3 bd · 2.0 ba · 820 sqft · SingleFamily · 276 Days on market

Built 1930 0.43 ac lot

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Why this score? — see what drove the D 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 +12.6/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

Key facts

• Gas fireplace
• 475' trex deck
• Central-air

Tags

• ONEIDA LAKE WATERFRONT
• VAULTED-CEILING GREAT ROOM
• 475' TREX DECK
• GAS FIREPLACE
• CENTRAL-AIR
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-32 ($-380/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (1.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (14.1% below list).
• Recommended offer: $215k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 2.3% in Bridgeport — 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 66/100 on livability (#655 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, amenities F, commute F.
• Chittenango Central School District (rural): math 61% / reading 64% proficiency, ranked #192 of 590 in NY (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 73 active listings in the ZIP; 137 units permitted in Madison County in 2024 (46 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Madison County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 276 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $545k (69%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $214,691 (14.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 276 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.86% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.54%
• DSCR: 0.98
• GRM: 9.7

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: -17.2%
• Equity multiple: 0.39×
• Total profit: $-42,493
• Equity at exit: $37,276

10-year hold

• IRR: -9.1%
• Equity multiple: 0.44×
• Total profit: $-39,465
• Equity at exit: $21,615

Cash invested: $70,000 (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 13037

• Home prices YoY: -17.1%
• Active inventory: 73
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,147 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $-32

Break-even live

Break-even rent $2,187

Max offer price $245,422

Occupancy floor 96%

Sensitivity live

Price	-10% $141	-5% $55	+0% $-32	+5% $-118	+10% $-204
Rent	-10% $-201	-5% $-116	+0% $-32	+5% $53	+10% $138
Rate	-1.0pp $94	-0.5pp $32	base $-32	+0.5pp $-96	+1.0pp $-162

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-03-29
   status Pending 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

2. 2026-01-11
   status Active 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

3. 2025-12-30
   status Pending 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

4. 2025-10-31
   price $250,000 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

5. 2025-07-01
   price $849,000 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

6. 2025-06-13
   listed $795,000 Active 1537-char remark

   Show marketing remark (1537 chars)

   Seller now willing to sell as camp; but would really like to see a new, custom home built there as suggested in last 6 images. More photos to come of camp itself. Your opportunity to be the 1st built home in Damon Point Development. Martin Custom homes, in conjunction with KK-J Architecture, PLLC and the seller are offering this proposed 1605 sq. ft. 3 bedroom, 2 full bath ranch on a 50' x 200' lot with 57' of prime Oneida Lake waterfront. Enjoy the view from your vaulted-ceiling great room looking past your 475' Trex deck to your future dock. There is a gas fireplace in your great room for those chilly Upstate nights and central-air connected to your 96% efficient gas-fired furnace to be comfortable year round. Your kitchen shows both a breakfast bar and a separate eating area where you can enjoy the water view. Plenty of cabinets and a separate pantry let you stock up for family and friend gatherings. The primary bedroom features an en-suite full bath and is located adjacent to the great room, while the other 2 bedrooms are more secluded from the greatroom so as not to disturb children's sleep. Martin Custom Homes knowledge and experience has included adequate allowances for you to pick the colors and designs of most of the interior items that make a custom home your own. They will also work with buyers if they have a different idea of what they want to build on this prime site and have built in an allowance for site work. Please see the proposed floor plan and spec sheets with allowances in the photo section.

7. 2025-05-17
   historical
8. 2024-05-17
   listed $795,000 Active

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% 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: $25,763
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,061
• − Management: −$2,061
• − Depreciation: −$7,273
• Taxable loss: −$4,636
• Est. tax savings @ 24.0%: +$1,113
• After-tax cash flow: $733/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: Chittenango Central School District
• NCES district ID: 3607470
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 64% ▲ 9.00%
• Median HH income: $62,521
• Composite: 54.34/100
• National rank: #1365
• State rank: #192 of 590 in NY

Livability — Bridgeport

• Score: 66/100
• State rank: #655
• US rank: #12191

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 3,611
• Population (ZIP): 9,519

Population outlook (Madison County) Hauer SSP2

• Today (2025): 69,528 people
• By 2030: 66,599 · -4.2%
• By 2040: 59,814 · -14.0%
• By 2050: 52,842 · -24.0%
• By 2075: 39,167 · -43.7%
• By 2100: 28,442 · -59.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Romanian 9% Iranian 3% Lithuanian 3%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Madison

• 2024 margin: R (+13.1) · D 43.5% · R 56.5%
• 2008→2024 swing: -13.9pp toward R · 2008: 0.9pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+10.6 2016: R+15.9 2012: D+0.3 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.53%
• Current HPI: 272.9953
• 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

-68.6% since first listed

8 events — show timeline

• 2026-03-29 Pending — CNYIS
• 2026-01-11 Relisted — CNYIS
• 2025-12-30 Pending — CNYIS
• 2025-10-31 Price Changed $250,000 CNYIS
• 2025-07-01 Price Changed $849,000 CNYIS
• 2025-06-13 Listed $795,000 CNYIS
• 2025-05-17 Listing Removed — UNYREIS
• 2024-05-17 Listed $795,000 UNYREIS