5813 Route 44/55 · Kerhonkson, NY 12446

$359,000

3 bd · 1.5 ba · 1,225 sqft · SingleFamily public records · 353 Days on market

Built 1930 0.54 ac lot $293/sqft · 11% below area Est $411k · 13% under

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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).

• ARV discount +13.2/15.0
• Cash flow +11.1/30.0
• Appreciation +10.0/10.0
• Schools +4.0/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

Key facts

• Fenced yard
• Updated kitchen
• 0.54 acre lot

Tags

• UPDATED KITCHEN
• NEWLY RENOVATED KITCHEN
• POOL FOR HOT SUMMER DAYS
• PATIO FOR OUTDOOR DINING
• NEARLY 2 ACRE PROPERTY
• FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $359k.

Deal economics

• At list price, monthly cash flow is $-144 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $334k (7.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $297k (17.3% below list).
• Recommended offer: $297k (17.3% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 2.4% in Kerhonkson — 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 68/100 on livability (#552 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-; Watch: schools D, amenities F, health & safety D-.
• Rondout Valley Central School District (rural): math 39% / reading 51% proficiency, ranked #447 of 590 in NY (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 67 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 464 units permitted in Ulster County in 2024 (170 in 5+ unit buildings).

Forward outlook

• In year one you build about $38k of equity ($2k loan paydown + $36k appreciation (10.0% local appreciation)).
• Ulster County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 353 days — a 12% lower offer ($316k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $70k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $185k; list at $359k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $296,846 (17.3% 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 353 days. Have you received any prior offers? Is the seller open to a 17% 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. 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?
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: 0.83% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.72%
• DSCR: 0.92
• GRM: 10.1

CMA / ARV

• ARV (median comp): $411,371
• List price: $359,000
• Delta: -12.73%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 Grande Ter	0.09mi	3/1.0	1,300 (+6%)	24mo	$205,000	$158	64

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.1%
• Equity multiple: 2.85×
• Total profit: $186,387
• Equity at exit: $323,416

10-year hold

• IRR: 20.6%
• Equity multiple: 6.53×
• Total profit: $556,200
• Equity at exit: $697,458

Cash invested: $100,520 (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 12446

• Home prices YoY: 8.7%
• Active inventory: 67
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,968 medium
• Mortgage (P&I): −$1,883
• Tax from tax record: −$457 /mo · $5,485/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$623
• Net cashflow: $-144

Break-even live

Break-even rent $3,151

Max offer price $333,527

Occupancy floor 100%

Sensitivity live

Price	-10% $59	-5% $-43	+0% $-144	+5% $-246	+10% $-347
Rent	-10% $-379	-5% $-261	+0% $-144	+5% $-27	+10% $90
Rate	-1.0pp $37	-0.5pp $-53	base $-144	+0.5pp $-237	+1.0pp $-332

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: $89,750
• Closing costs: $10,770
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
45 Laurel Hollow Est Kerhonkson, NY	4.0	2.0	1285	$3,200	$2.49	14d	1	0.56mi
651 Granite Rd Unit 1 Kerhonkson, NY	2.0	2.5	1000	$2,600	$2.60	14d	1	0.77mi

Listing history 28 events

1. 2026-06-19
   days on market $359,000 Active 353 DOM
2. 2026-06-18
   days on market $359,000 Active 352 DOM
3. 2026-06-17
   days on market $359,000 Active 351 DOM
4. 2026-06-16
   days on market $359,000 Active 350 DOM
5. 2026-06-15
   days on market $359,000 Active 349 DOM
6. 2026-06-14
   days on market $359,000 Active 347 DOM
7. 2026-06-12
   days on market $359,000 Active 346 DOM
8. 2026-06-09
   days on market $359,000 Active 343 DOM
9. 2026-06-08
   days on market $359,000 Active 342 DOM
10. 2026-06-07
    days on market $359,000 Active 341 DOM
11. 2026-06-03
    days on market $359,000 Active 337 DOM
12. 2026-06-02
    days on market $359,000 Active 336 DOM
13. 2026-06-01
    days on market $359,000 Active 335 DOM
14. 2026-05-31
    days on market $359,000 Active 334 DOM
15. 2026-05-30
    days on market $359,000 Active 333 DOM
16. 2026-05-20
    price $359,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

17. 2026-05-04
    price $369,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

18. 2026-03-07
    price $389,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

19. 2026-01-26
    price $399,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

20. 2025-12-04
    price $409,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

21. 2025-09-09
    price $419,000 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

22. 2025-07-01
    listed $429,000 Active 2142-char remark

    Show marketing remark (2142 chars)

    Set in the foothills of the Shawangunk Mountains, The Villa at Happy Minnewaska is a charming and well-appointed Cape offering more room to stretch out, with 3 bedrooms, an updated kitchen, and just the right mix of warmth, space, and style for your upstate retreat. Whether you're looking to host friends and family, rent as a getaway, or settle in full time, this turnkey home is ready for its next chapter. It has also been a successful short-term rental, with the potential to significantly offset carrying expenses should you choose to continue that use. Inside, the main level features a sun-filled living area, a full bedroom and bath, and a newly renovated kitchen that's the heart of the home. Outfitted with deep navy cabinetry, modern brass accents, solid-surface counters, and updated appliances, it's both beautiful and functional; equally suited to slow mornings or festive gatherings. Upstairs, you'll find two additional bedrooms with soft natural light and extra space to work, play, or sleep in. Outside, the backyard is a ready-made escape: a pool for hot summer days, a hot tub tucked under a covered gazebo, a patio for outdoor dining, and a firepit for long evenings under the stars. The nearly 2-acre property is shared with a neighboring home, but each has its own fenced yard, driveway, and full sense of privacy and a thoughtful setup that feels peaceful but not isolated. Located just minutes from Minnewaska State Park and Mohonk Preserve, and close to Arrowood Brewery, Inness, Westwind Orchard, Kelder's Farm, and a growing collection of restaurants and markets in Kerhonkson and nearby towns like Accord, Stone Ridge, and New Paltz. You'll find hiking trails, waterfalls, local farms, and hidden swimming holes all within easy reach. Homes this size, in this condition, and in this location are getting harder to find. .. especially with move-in-ready interiors, stylish updates, and outdoor amenities already in place. Whether for a weekend retreat or full-time living, The Villa offers space, comfort, and a sense of place that's hard to replicate. Don't wait; opportunities like this don't come around often.

23. 2022-03-23
    soldstatus $185,000
24. 2021-11-30
    historical
25. 2021-09-08
    price $199,000
26. 2021-08-14
    price $229,000
27. 2021-05-26
    listed $199,000 Active
28. 2021-05-26
    listed $239,000 Active

ⓘ 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: $5,485 · $457/mo
• Projected year-2 tax: $5,776 · $481/mo
• Expected delta: +$291/yr (+$24/mo · 5.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,622
• − Mortgage interest: −$20,110
• − Property taxes: −$5,485
• − Insurance: −$1,795
• − Repairs & maintenance: −$2,850
• − Management: −$2,850
• − Depreciation: −$10,444
• Taxable loss: −$7,911
• Est. tax savings @ 24.0%: +$1,899
• After-tax cash flow: $168/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: Rondout Valley Central School District
• NCES district ID: 3624960
• Math proficiency: 39% ▼ -9.00%
• Reading proficiency: 51% ▲ 5.00%
• Median HH income: $59,408
• Composite: 39.5/100
• National rank: #3949
• State rank: #447 of 590 in NY

Livability — Kerhonkson

• Score: 68/100
• State rank: #552
• US rank: #9921

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,232
• Population (ZIP): 5,232

Population outlook (Ulster County) Hauer SSP2

• Today (2025): 175,887 people
• By 2030: 171,876 · -2.3%
• By 2040: 161,771 · -8.0%
• By 2050: 151,470 · -13.9%
• By 2075: 133,023 · -24.4%
• By 2100: 113,504 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 13% Two or more races 11% Black 2% Asian 1%
• Hispanic origin (detail): Puerto Rican 4% Cuban 3%
• Common ancestry: Iranian 8% Romanian 6% Italian 3%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 4% Russian/Polish/Slavic 2%

Political lean MEDSL · Ulster

• 2024 margin: D (+18.7) · D 59.3% · R 40.7%
• 2008→2024 swing: -4.9pp toward R · 2008: 23.6pp · 2024: 18.7pp
• All cycles: 2024: D+18.7 2020: D+20.9 2016: D+9.1 2012: D+21.9 2008: D+23.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.32%
• Current HPI: 380.6732
• 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

+80.4% since first listed

13 events — show timeline

• 2026-05-20 Price Changed $359,000 HVCRMLS
• 2026-05-04 Price Changed $369,000 HVCRMLS
• 2026-03-07 Price Changed $389,000 HVCRMLS
• 2026-01-26 Price Changed $399,000 HVCRMLS
• 2025-12-04 Price Changed $409,000 HVCRMLS
• 2025-09-09 Price Changed $419,000 HVCRMLS
• 2025-07-01 Listed $429,000 HVCRMLS
• 2022-03-23 Sold (Public Records) $185,000 Public Records
• 2021-11-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-09-08 Price Changed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2021-08-14 Price Changed $229,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-26 Listed $239,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-26 Listed $199,000 HVCRMLS

Property tax history

+12.0%/yr

Latest (2025): $5,485 · +6.3% YoY. Source: county tax records.