14591 Martville Rd · Hannibal, NY 13156

$159,900

3 bd · 2.0 ba · 2,408 sqft · SingleFamily public records · 4 Days on market

Built 1850 43 ac lot

---

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
• Appreciation +9.3/10.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Space, character, and opportunity come together on this unique 4-acre property offering over 2,400 square feet of living space and room to make it your own. This solid, well-insulated home features 3 bedrooms, 2 full bathrooms, and over 1,200 square feet on the main level alone. A first-floor bedroom, full bath, and laundry room provide convenient one-level living, while multiple flex spaces offer endless possibilities. The spacious country kitchen serves as the heart of the home, complete with laundry nearby and room to create the walk-in pantry you’ve always wanted. The inviting living room expands to a back den, with cozy fireplace (gas insert could be removed and be used as woodbu

Key facts

• 4 acre property
• Spiral staircase
• First floor bedroom

Tags

• 4 ACRE PROPERTY
• FIRST FLOOR BEDROOM
• SPACIOUS COUNTRY KITCHEN
• SPIRAL STAIRCASE
• ATTACHED THREE CAR GARAGE

Property features AI

Exterior

• Parking: Attached garage; Three garage spaces
• Utilities: Well water; Septic tank
• Home design: Two-story existing home; Vinyl siding; Asphalt roof; Poured and stone foundation
• Construction: Vinyl siding construction; Asphalt shingle roof; Poured and stone foundation; Built as existing structure
• Exterior features: Gravel driveway; Rectangular lot

Interior

• Kitchen: Country-style kitchen; Dishwasher; Electric cooktop; Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: One main-level bedroom; In-law suite (additional bedroom space)
• Flooring: Carpet; Laminate; Tile; Vinyl; Varies
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Oil heating; Zoned heating; Baseboard heating; Zoned cooling
• Interior features: Cathedral ceilings; Den; Separate formal living room; Home office; Country kitchen; Storage; Skylights; Walk-in pantry; In-law floorplan; Primary suite with bath; Main level primary bedroom; Convertible bedroom; See remarks
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $997 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).

Location & tenants

• Location reads 59/100 on livability (#1,033 in NY) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools C-, employment C-, crime F.
• Hannibal Central School District (rural): math 38% / reading 50% proficiency, ranked #471 of 590 in NY (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 22 active listings in the ZIP; 161 units permitted in Cayuga County in 2024 (65 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $14k appreciation (8.6% local appreciation)).
• Cayuga County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.6% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1850 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,900

Questions for the listing agent

1. Built in 1850 — 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. 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?
4. 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.
5. 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.
6. 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: 1.70% ✓
• Cap rate: 13.77%
• Cash-on-cash: 26.72%
• DSCR: 2.19
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $327,488
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1832 Onionville Rd	0.66mi	3/2.0	2,128 (-12%)	5mo	$290,000	$136	46

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

Projected returns pro-forma

8.57% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 42.2%
• Equity multiple: 4.02×
• Total profit: $135,300
• Equity at exit: $127,730

10-year hold

• IRR: 37.4%
• Equity multiple: 8.73×
• Total profit: $345,982
• Equity at exit: $259,748

Cash invested: $44,772 (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 13156

• Home prices YoY: 2.4%
• Active inventory: 22
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,721 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$248 /mo · $2,973/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$571
• Net cashflow: $997

Break-even live

Break-even rent $1,459

Max offer price $159,900

Occupancy floor 58%

Sensitivity live

Price	-10% $1,087	-5% $1,042	+0% $997	+5% $952	+10% $906
Rent	-10% $782	-5% $889	+0% $997	+5% $1,104	+10% $1,212
Rate	-1.0pp $1,077	-0.5pp $1,037	base $997	+0.5pp $955	+1.0pp $913

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-18
   days on market $159,900 Active 4 DOM
2. 2026-06-17
   days on market $159,900 Active 3 DOM
3. 2026-06-16
   days on market $159,900 Active 2 DOM
4. 2026-06-15
   remarks 693-char remark
5. 2026-06-15
   listed $159,900 Active 1 DOM

ⓘ 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: $2,973 · $248/mo
• Projected year-2 tax: $2,973 · $248/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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥95°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

Taxation est. · year 1

• Rental income: $32,654
• − Mortgage interest: −$8,957
• − Property taxes: −$2,973
• − Insurance: −$800
• − Repairs & maintenance: −$2,612
• − Management: −$2,612
• − Depreciation: −$4,652
• Taxable income: $10,048
• Est. tax owed @ 24.0%: −$2,411
• After-tax cash flow: $9,550/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: Hannibal Central School District
• NCES district ID: 3613590
• Math proficiency: 38% ▬ 0.00%
• Reading proficiency: 50% ▲ 15.00%
• Median HH income: $48,283
• Composite: 37.6/100
• National rank: #4380
• State rank: #471 of 590 in NY

Livability — Hannibal

• Score: 59/100
• State rank: #1033
• US rank: #20436

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,108

Population outlook (Cayuga County) Hauer SSP2

• Today (2025): 74,820 people
• By 2030: 72,402 · -3.2%
• By 2040: 66,917 · -10.6%
• By 2050: 61,007 · -18.5%
• By 2075: 48,047 · -35.8%
• By 2100: 34,512 · -53.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 2%
• Common ancestry: Lithuanian 7% Slovak 5% Iranian 5%
• Foreign-born: 4%
• Languages at home: 95% English-only · Other Indo-European 5%

Political lean MEDSL · Cayuga

• 2024 margin: R (+13.0) · D 43.5% · R 56.5%
• 2008→2024 swing: -21.5pp toward R · 2008: 8.5pp · 2024: -13.0pp
• All cycles: 2024: R+13.0 2020: R+9.2 2016: R+13.2 2012: D+10.8 2008: D+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.57%
• Current HPI: 372.8237
• 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

1 event — show timeline

• 2026-06-14 Listed $159,900 CNYIS

Property tax history

-7.0%/yr

Latest (2025): $2,973 · -40.7% YoY. Source: county tax records.