126 E Bloomfield St · Rome, NY 13440

$55,000

3 bd · 1.0 ba · 1,428 sqft · SingleFamily public records · 112 Days on market

Built 1930 3,920 sqft lot

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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
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3-bedroom, 2-bathroom home, nestled on a corner lot, offers over 1,400 sq ft of opportunity to transform into your dream space. While it’s in need of some TLC, the solid layout and character are waiting for your personal touch. The first floor features a large kitchen, an inviting living room, and a full bathroom—perfect for creating an open, modern living area. Upstairs, you'll find three generous bedrooms and another full bath. The full basement provides ample space for utilities and extra storage, while the one-car detached garage with power offers convenience and additional storage. Bring your tools and ideas—this property is ready to become your ideal home! Sold

Key facts

• Large kitchen
• Inviting living room
• Full basement

Tags

• CORNER LOT
• LARGE KITCHEN
• INVITING LIVING ROOM
• FULL BASEMENT
• ONE-CAR DETACHED GARAGE

Property features AI

Exterior

• Parking: Detached garage with electricity (1-car)
• Utilities: Electricity connected (circuit breakers); Public water connected; Sewer connected; Cable available
• Home design: Two-story house; Existing (previously built); Pitched shingle roof; Rectangular lot near public transit; City street frontage; Resale; fixer condition
• Construction: Vinyl siding; Copper plumbing; Stone foundation
• Exterior features: Blacktop driveway; Enclosed porch; Open porch; Partial fencing; Fence

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Three bedrooms on the second floor (Bedroom 1: ~13 x 11; Bedroom 2: ~13 x 7; Bedroom 3: ~13 x 7)
• Flooring: Carpet; Hardwood; Laminate; Varies
• Bathrooms: Two full bathrooms (one on the main level)
• Heating & cooling: Gas forced-air heating; Has heating
• Interior features: Eat-in kitchen; Library; Natural woodwork; Storm windows; Thermal windows
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $678 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 21.1% vs local median 5.6% in Rome — 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 64/100 on livability (#722 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Rome City School District (town): math 35% / reading 46% proficiency, ranked #516 of 590 in NY (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 278 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 204 units permitted in Oneida County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Oneida County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.59% ✓
• Cap rate: 21.08%
• Cash-on-cash: 52.81%
• DSCR: 3.35
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $154,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
117 E Embargo St	0.17mi	3/2.0	1,458 (+2%)	1mo	$70,000	$48	84
304 Mohawk St	0.50mi	3/2.5	1,402 (-2%)	5mo	$50,000	$36	64
752 N Jay St	0.74mi	3/1.0	1,408 (-1%)	1mo	$111,000	$79	62
523 William St	0.73mi	3/1.5	1,408 (-1%)	3mo	$80,000	$57	59
608 Grant Pl	0.49mi	3/1.0	1,272 (-11%)	1mo	$76,500	$60	58
906 Mckinley Ave	0.53mi	4/1.5 (+1)	1,328 (-7%)	2mo	$184,970	$139	55
715 Floyd Ave	0.38mi	3/1.5	1,623 (+14%)	5mo	$200,000	$123	53
412 Healy Ave	0.55mi	3/1.0	1,254 (-12%)	5mo	$135,000	$108	50
319 Mohawk St	0.48mi	4/2.0 (+1)	1,551 (+9%)	5mo	$159,900	$103	50
102 Parkway	0.73mi	3/1.5	1,536 (+8%)	3mo	$225,000	$146	49
1209 N James St	0.74mi	4/1.5 (+1)	1,500 (+5%)	4mo	$305,000	$203	47
1011 North Madison	0.72mi	3/1.5	1,608 (+13%)	1mo	$203,000	$126	42

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: 50.9%
• Equity multiple: 3.23×
• Total profit: $34,315
• Equity at exit: $8,201

10-year hold

• IRR: 56.3%
• Equity multiple: 6.57×
• Total profit: $85,720
• Equity at exit: $4,755

Cash invested: $15,400 (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 13440

• Home prices YoY: -8.0%
• Active inventory: 278
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,426 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$138 /mo · $1,652/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $678

Break-even live

Break-even rent $568

Max offer price $55,000

Occupancy floor 47%

Sensitivity live

Price	-10% $709	-5% $693	+0% $678	+5% $662	+10% $647
Rent	-10% $565	-5% $621	+0% $678	+5% $734	+10% $790
Rate	-1.0pp $705	-0.5pp $692	base $678	+0.5pp $663	+1.0pp $649

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
149 River St Unit 2 Rome, NY	3.0	1.0	1160	$1,500	$1.29	45d	1	0.30mi
183 W Dominick St Rome, NY	1.0–2.0	1.0	845	$904	$1.07	45d	1	0.53mi
1611 Craig St Rome, NY	3.0	1.0	1250	$2,000	$1.60	45d	1	1.31mi

Listing history 26 events

1. 2026-06-21
   days on market $55,000 Active 112 DOM
2. 2026-06-21
   days on market $55,000 Active 111 DOM
3. 2026-06-18
   days on market $55,000 Active 109 DOM
4. 2026-06-17
   days on market $55,000 Active 108 DOM
5. 2026-06-16
   days on market $55,000 Active 107 DOM
6. 2026-06-15
   days on market $55,000 Active 106 DOM
7. 2026-06-13
   days on market $55,000 Active 104 DOM
8. 2026-06-12
   days on market $55,000 Active 103 DOM
9. 2026-06-09
   days on market $55,000 Active 100 DOM
10. 2026-06-08
    days on market $55,000 Active 99 DOM
11. 2026-06-07
    days on market $55,000 Active 98 DOM
12. 2026-06-07
    days on market $55,000 Active 97 DOM
13. 2026-06-04
    days on market $55,000 Active 94 DOM
14. 2026-06-02
    days on market $55,000 Active 93 DOM
15. 2026-06-01
    days on market $55,000 Active 92 DOM
16. 2026-05-31
    days on market $55,000 Active 91 DOM
17. 2026-05-18
    price $55,000
18. 2026-05-18
    status Active
19. 2026-05-05
    historical
20. 2026-04-01
    price $63,000
21. 2026-02-16
    listed $70,000 Active
22. 2026-02-03
    historical
23. 2025-12-04
    price $74,500
24. 2025-10-28
    listed $83,200 Active
25. 1998-03-03
    soldstatus $37,000
26. 1998-01-15
    soldstatus $10,000

ⓘ 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: $1,652 · $138/mo
• Projected year-2 tax: $1,652 · $138/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,115
• − Mortgage interest: −$3,081
• − Property taxes: −$1,652
• − Insurance: −$275
• − Repairs & maintenance: −$1,369
• − Management: −$1,369
• − Depreciation: −$1,600
• Taxable income: $7,768
• Est. tax owed @ 24.0%: −$1,864
• After-tax cash flow: $6,268/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: Rome City School District
• NCES district ID: 3624900
• Math proficiency: 35% ▼ -4.00%
• Reading proficiency: 46% ▲ 10.00%
• Median HH income: $46,406
• Composite: 34.52/100
• National rank: #5178
• State rank: #516 of 590 in NY

Livability — Rome

• Score: 64/100
• State rank: #722
• US rank: #13676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rome, NY
• City population: 41,418
• Population (ZIP): 41,273

Population outlook (Oneida County) Hauer SSP2

• Today (2025): 225,223 people
• By 2030: 220,384 · -2.1%
• By 2040: 209,071 · -7.2%
• By 2050: 197,920 · -12.1%
• By 2075: 175,541 · -22.1%
• By 2100: 148,491 · -34.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Oneida

• 2024 margin: Strong R (+21.3) · D 39.4% · R 60.6%
• 2008→2024 swing: -15.2pp toward R · 2008: -6.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+15.5 2016: R+21.1 2012: R+5.3 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.58%
• Current HPI: 339.3589
• 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

+450.0% since first listed

10 events — show timeline

• 2026-05-18 Price Changed $55,000 CNYIS
• 2026-05-18 Relisted — CNYIS
• 2026-05-05 Listing Removed — CNYIS
• 2026-04-01 Price Changed $63,000 CNYIS
• 2026-02-16 Listed $70,000 CNYIS
• 2026-02-03 Listing Removed — CNYIS
• 2025-12-04 Price Changed $74,500 CNYIS
• 2025-10-28 Listed $83,200 CNYIS
• 1998-03-03 Sold (Public Records) $37,000 Public Records
• 1998-01-15 Sold (Public Records) $10,000 Public Records

Property tax history

-0.8%/yr

Latest (2025): $1,652 · +116.3% YoY. Source: county tax records.