86 Cr 35 · Hannawa Falls, NY 13617

$55,000

2 bd · 1.0 ba · 550 sqft · Manufactured public records · 272 Days on market

Built 1967 0.35 ac lot ↓ 27% since listing

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Why this score? — see what drove the A- 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 +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

Key facts

• Ample closet spaces
• Gas stove
• Refrigerator

Tags

• ENCLOSED PORCH AREA
• UPDATED FLOORING
• GAS STOVE
• REFRIGERATOR
• AMPLE CLOSET SPACES
• SPACIOUS ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $55k.

Deal economics

• At list price, monthly cash flow is $520 ($6k/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: $48k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#537 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: health & safety C-, amenities F, commute F.
• Canton Central School District (rural): math 49% / reading 59% proficiency, ranked #321 of 590 in NY (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: F S Banford Elementary School (math 42% / reading 67%, grade C, #908 of 2,108 statewide, top 46%, 434 students, 43% FRL); J M Mckenney Middle School (math 35% / reading 55%, grade D, #342 of 729 statewide, top 48%, 337 students, 49% FRL); H C Williams Senior High School (math 98% / reading 90%, grade A+, #124 of 1,100 statewide, top 12%, 346 students, 46% FRL).
• Market conditions: 64 active listings in the ZIP; 215 units permitted in St. Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($380 loan paydown + $6k appreciation (10.0% local appreciation)).
• St. Lawrence County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 272 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.

Recommended offer $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 2.01% ✓
• Cap rate: 17.65%
• Cash-on-cash: 40.55%
• DSCR: 2.80
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 55.7%
• Equity multiple: 5.10×
• Total profit: $63,100
• Equity at exit: $49,548

10-year hold

• IRR: 49.2%
• Equity multiple: 11.37×
• Total profit: $159,751
• Equity at exit: $106,853

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 13617

• Home prices YoY: 22.5%
• Active inventory: 64
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,105 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $520

Break-even live

Break-even rent $446

Max offer price $55,000

Occupancy floor 48%

Sensitivity live

Price	-10% $552	-5% $536	+0% $520	+5% $505	+10% $489
Rent	-10% $433	-5% $477	+0% $520	+5% $564	+10% $608
Rate	-1.0pp $548	-0.5pp $534	base $520	+0.5pp $506	+1.0pp $492

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: —

Listing history 5 events

1. 2026-05-20
   status Pending 811-char remark

   Show marketing remark (811 chars)

   Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

2. 2026-05-11
   price $55,000 811-char remark

   Show marketing remark (811 chars)

   Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

3. 2025-10-20
   price $65,000 811-char remark

   Show marketing remark (811 chars)

   Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

4. 2025-09-25
   price $69,000 811-char remark

   Show marketing remark (811 chars)

   Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

5. 2025-08-20
   listed $75,000 Active 811-char remark

   Show marketing remark (811 chars)

   Cozy 2-bedroom, 1-bathroom single-wide home with two spacious additions and a detached one-car garage located within the Canton Central School District, and boasts an open-concept living and dining area for entertaining. Step inside this well-cared-for home and you'll find an enclosed porch area, updated flooring throughout and a cozy kitchen with a gas stove and refrigerator, and ample closet spaces in both bedrooms. The back addition offers a spacious room with options for an office space or a large mudroom/laundry room. Bonuses: A gravel driveway, a firepit and a custom-made wooden swing offer an outside area for evening conversations, a partially fenced-in yard, and a metal roof. Don't miss out on this fantastic opportunity at an affordable price! Contact your REALTOR today to schedule a viewing.

ⓘ 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: $491 · $41/mo
• Projected year-2 tax: $710 · $59/mo
• Expected delta: +$219/yr (+$18/mo · 44.6%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,256
• − Mortgage interest: −$3,081
• − Property taxes: −$491
• − Insurance: −$275
• − Repairs & maintenance: −$1,060
• − Management: −$1,060
• − Depreciation: −$1,600
• Taxable income: $5,688
• Est. tax owed @ 24.0%: −$1,365
• After-tax cash flow: $4,880/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: Canton Central School District
• NCES district ID: 3606470
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 59% ▲ 10.00%
• Median HH income: $52,157
• Composite: 46.27/100
• National rank: #2481
• State rank: #321 of 590 in NY

Livability — Hannawa Falls

• Score: 68/100
• State rank: #537
• US rank: #9683

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 159
• Population (ZIP): 12,294

Population outlook (St. Lawrence County) Hauer SSP2

• Today (2025): 110,027 people
• By 2030: 107,455 · -2.3%
• By 2040: 100,492 · -8.7%
• By 2050: 94,254 · -14.3%
• By 2075: 80,175 · -27.1%
• By 2100: 63,140 · -42.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 4% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Lithuanian 5% Romanian 3% Slovak 3%
• Foreign-born: 5% · Canada, China, Guatemala
• Languages at home: 93% English-only · Spanish 2% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · St. Lawrence

• 2024 margin: R (+18.0) · D 41.0% · R 59.0%
• 2008→2024 swing: -34.3pp toward R · 2008: 16.3pp · 2024: -18.0pp
• All cycles: 2024: R+18.0 2020: R+11.7 2016: R+10.8 2012: D+16.6 2008: D+16.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 56.56%
• Current HPI: 308.0415
• 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

-26.7% since first listed

5 events — show timeline

• 2026-05-20 Pending — SLCMLS
• 2026-05-11 Price Changed $55,000 SLCMLS
• 2025-10-20 Price Changed $65,000 SLCMLS
• 2025-09-25 Price Changed $69,000 SLCMLS
• 2025-08-20 Listed $75,000 SLCMLS

Property tax history

+22.4%/yr

Latest (2025): $491 · +0.6% YoY. Source: county tax records.