13 Anthony St · Mechanicstown, NY 10940

$165,000

2 bd · 1.0 ba · 475 sqft · SingleFamily public records · 23 Days on market

Built 1950 5,227 sqft lot $347/sqft · 12% above area Est $147k · 12% over

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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 +27.2/30.0
• DSCR +9.5/10.0
• 1% rule +7.1/10.0
• Rent growth +4.6/5.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Commuter-friendly opportunity in Middletown, NY offering strong upside for investors, contractors, and handymen seeking a true fixer-upper. This single-family home sits on a 0.09-acre lot, with an additional 0.03-acre parcel included at the rear, for a combined offering, approximate taxes reflect both lots. The home features a functional layout with living area, kitchen, bedroom space, full bath, and a separate utility/laundry area, along with driveway parking and a private yard. Property is being sold strictly as-is, cash or conventional financing only, and will not qualify for FHA or VA loan types. The home was previously deemed unfit for occupancy due to conditions caused by a squatting tenant, including excessive storage of materials throughout the interior, the property has since (very recently) been professionally cleared. After a recent re-inspection with the town, the condemned status has since been removed. The buyer will be responsible for accepting the property as-is. Seller makes no representations as to the condition or functionality of appliances, mechanicals, or utility systems. Convenient to major roadways, shopping, and local amenities. Call to schedule a private showing today!

Key facts

• Private yard
• Functional layout
• Driveway parking

Tags

• PRIVATE YARD
• DRIVEWAY PARKING
• FUNCTIONAL LAYOUT
• ADDITIONAL PARCEL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $473 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $163k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 3.1% in Mechanicstown — 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 72/100 on livability (#375 in NY) — a middle-class / working-renter tenant base. Strengths: amenities A+, housing A+, health & safety A+; Watch: cost of living C-, schools D+, crime D+.
• Middletown City School District (suburban): math 41% / reading 55% proficiency, ranked #411 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.2%/yr); 273 active listings in the ZIP; solid renter incomes; 1,746 units permitted in Orange County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $46k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $162,525 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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 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: 1.21% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.28%
• DSCR: 1.55
• GRM: 6.9

CMA / ARV

• ARV (median comp): $147,152
• List price: $165,000
• Delta: 12.13%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
99 Excelsior Ave	0.23mi	1/1.0 (-1)	450 (-5%)	12mo	$127,000	$282	66

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 7.3%
• Equity multiple: 1.30×
• Total profit: $13,925
• Equity at exit: $24,602

10-year hold

• IRR: 20.5%
• Equity multiple: 3.14×
• Total profit: $98,905
• Equity at exit: $14,266

Cash invested: $46,200 (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 10940

• Home prices YoY: -18.7%
• Rents YoY: 8.2%
• Active inventory: 273
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,994 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$169 /mo · $2,025/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $473

Break-even live

Break-even rent $1,396

Max offer price $165,000

Occupancy floor 71%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-15
   status Pending 1213-char remark

   Show marketing remark (1213 chars)

   Commuter-friendly opportunity in Middletown, NY offering strong upside for investors, contractors, and handymen seeking a true fixer-upper. This single-family home sits on a 0.09-acre lot, with an additional 0.03-acre parcel included at the rear, for a combined offering, approximate taxes reflect both lots. The home features a functional layout with living area, kitchen, bedroom space, full bath, and a separate utility/laundry area, along with driveway parking and a private yard. Property is being sold strictly as-is, cash or conventional financing only, and will not qualify for FHA or VA loan types. The home was previously deemed unfit for occupancy due to conditions caused by a squatting tenant, including excessive storage of materials throughout the interior, the property has since (very recently) been professionally cleared. After a recent re-inspection with the town, the condemned status has since been removed. The buyer will be responsible for accepting the property as-is. Seller makes no representations as to the condition or functionality of appliances, mechanicals, or utility systems. Convenient to major roadways, shopping, and local amenities. Call to schedule a private showing today!

2. 2026-05-08
   status Active 1213-char remark

   Show marketing remark (1213 chars)

   Commuter-friendly opportunity in Middletown, NY offering strong upside for investors, contractors, and handymen seeking a true fixer-upper. This single-family home sits on a 0.09-acre lot, with an additional 0.03-acre parcel included at the rear, for a combined offering, approximate taxes reflect both lots. The home features a functional layout with living area, kitchen, bedroom space, full bath, and a separate utility/laundry area, along with driveway parking and a private yard. Property is being sold strictly as-is, cash or conventional financing only, and will not qualify for FHA or VA loan types. The home was previously deemed unfit for occupancy due to conditions caused by a squatting tenant, including excessive storage of materials throughout the interior, the property has since (very recently) been professionally cleared. After a recent re-inspection with the town, the condemned status has since been removed. The buyer will be responsible for accepting the property as-is. Seller makes no representations as to the condition or functionality of appliances, mechanicals, or utility systems. Convenient to major roadways, shopping, and local amenities. Call to schedule a private showing today!

3. 2026-04-22
   listed $165,000 Active 1213-char remark

   Show marketing remark (1213 chars)

   Commuter-friendly opportunity in Middletown, NY offering strong upside for investors, contractors, and handymen seeking a true fixer-upper. This single-family home sits on a 0.09-acre lot, with an additional 0.03-acre parcel included at the rear, for a combined offering, approximate taxes reflect both lots. The home features a functional layout with living area, kitchen, bedroom space, full bath, and a separate utility/laundry area, along with driveway parking and a private yard. Property is being sold strictly as-is, cash or conventional financing only, and will not qualify for FHA or VA loan types. The home was previously deemed unfit for occupancy due to conditions caused by a squatting tenant, including excessive storage of materials throughout the interior, the property has since (very recently) been professionally cleared. After a recent re-inspection with the town, the condemned status has since been removed. The buyer will be responsible for accepting the property as-is. Seller makes no representations as to the condition or functionality of appliances, mechanicals, or utility systems. Convenient to major roadways, shopping, and local amenities. Call to schedule a private showing today!

ⓘ 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: $2,025 · $169/mo
• Projected year-2 tax: $2,407 · $201/mo
• Expected delta: +$382/yr (+$32/mo · 18.9%)

ⓘ 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 4/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $23,933
• − Mortgage interest: −$9,243
• − Property taxes: −$2,025
• − Insurance: −$825
• − Repairs & maintenance: −$1,915
• − Management: −$1,915
• − Depreciation: −$4,800
• Taxable income: $3,212
• Est. tax owed @ 24.0%: −$771
• After-tax cash flow: $4,903/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: Middletown City School District
• NCES district ID: 3619320
• Math proficiency: 41% ▼ -2.00%
• Reading proficiency: 55% ▲ 19.00%
• Median HH income: $54,612
• Composite: 41.52/100
• National rank: #3453
• State rank: #411 of 590 in NY

Livability — Mechanicstown

• Score: 72/100
• State rank: #375
• US rank: #6457

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mechanicstown, NY
• County: Orange County · 267,004 people
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• Population (ZIP): 53,611
• Household income: $87,080
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1846.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 379,830 people
• By 2030: 378,955 · -0.2%
• By 2040: 375,444 · -1.2%
• By 2050: 369,311 · -2.8%
• By 2075: 354,233 · -6.7%
• By 2100: 318,150 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 39% Hispanic / Latino 32% Black 20% Two or more races 13% Asian 4% Native American 3%
• Hispanic origin (detail): Mexican 9% Puerto Rican 13% Dominican 3%
• Common ancestry: Romanian 3% Italian 1% Iranian 1%
• Foreign-born: 18% · Canada, China, Jamaica
• Languages at home: 72% English-only · Spanish 21% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Orange

• 2024 margin: Lean R (+8.4) · D 45.8% · R 54.2%
• 2008→2024 swing: -12.5pp toward R · 2008: 4.1pp · 2024: -8.4pp
• All cycles: 2024: R+8.4 2020: R+0.2 2016: R+6.5 2012: D+5.2 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.68%
• Current HPI: 311.5969
• Rent YoY: ▲ 8.23%
• Metro: Poughkeepsie-Newburgh-Middletown, 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

3 events — show timeline

• 2026-05-15 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-05-08 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listed $165,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

-0.5%/yr

Latest (2025): $2,025 · +1.6% YoY. Source: county tax records.