332 Jamaica Blvd · Carle Place, NY 11514

$649,000

4 bd · 2.0 ba · 1,687 sqft · SingleFamily public records · 23 Days on market

Built 1947 6,060 sqft lot $385/sqft · 38% below area Est $1039k · 38% under

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Why this score? — see what drove the D 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 +15.0/15.0
• Cash flow +7.9/30.0
• Schools +6.4/10.0
• Livability +4.2/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks! This spacious 4-bedroom, 3-bathroom home is located in a desirable neighborhood, surrounded by parks, schools, and local amenities. While the property will require a full gut renovation, it offers incredible potential for the right buyer to create their dream home or a profitable investment. Whether you're an experienced renovator or looking for a project, this home is ready for transformation. Being sold as-is, but we’re happy to provide trusted handyman recommendations to help you get started. Don’t miss your chance to invest in a prime location with great upside!

Key facts

• Surrounded by parks
• Full gut renovation
• Prime location

Tags

• DESIRABLE NEIGHBORHOOD
• SURROUNDED BY PARKS
• SURROUNDED BY SCHOOLS
• SURROUNDED BY LOCAL AMENITIES
• FULL GUT RENOVATION
• PRIME LOCATION

Property features AI

Exterior

• Parking: Driveway; 1-car garage
• Utilities: Public sewer; Sewer connected
• Home design: Single-family residence
• Construction: Shingle siding construction
• Exterior features: Shingle siding; Not waterfront

Interior

• Kitchen: No appliances included
• Bedrooms: Bedroom on the first floor
• Bathrooms: Three full bathrooms
• Heating & cooling: Baseboard heating; No central cooling
• Interior features: First-floor bedroom; First-floor full bathroom; 12 total rooms
• Laundry & utility: No basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $649k.

Deal economics

• At list price, monthly cash flow is $-702 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $525k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $489k (24.7% below list).
• Recommended offer: $489k (24.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 84/100 on livability (#52 in NY, #801 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: cost of living F.
• Carle Place Union Free School District (suburban): math 74% / reading 68% proficiency, ranked #99 of 590 in NY (top 17%) — strong family-tenant draw, lease renewals of 3-5y typical; only 12% free/reduced lunch — higher-income household profile.
• Zoned schools: Rushmore Avenue School (math 78% / reading 68%, grade A, #374 of 2,108 statewide, top 18%, 401 students, 18% FRL); Carle Place Middle Senior High School (math 68% / reading 67%, grade B, #745 of 1,100 statewide, top 68%, 598 students, 20% FRL).
• Market conditions: 15 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($639k) is reasonable based on typical stale-listing flexibility.
• 6 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.
• Current owner paid $550k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 41% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $488,806 (24.7% 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. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.75% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.64%
• DSCR: 0.79
• GRM: 11.1

CMA / ARV

• ARV (median comp): $1,039,070
• List price: $649,000
• Delta: -37.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
296 Jerome Ave	0.29mi	4/1.5	1,716 (+2%)	6mo	$800,000	$466	76
253 Raff Ave	0.35mi	4/2.0	1,806 (+7%)	1mo	$888,000	$492	71
16 Eighth St	0.17mi	4/2.5	1,912 (+13%)	2mo	$1,150,000	$601	66
230 Mineola Ave	0.50mi	3/2.0 (-1)	1,640 (-3%)	8mo	$870,000	$530	60
201 Jamaica Blvd	0.41mi	4/1.5	1,500 (-11%)	3mo	$750,000	$500	58
177 Sheridan Blvd	0.66mi	5/3.0 (+1)	1,724 (+2%)	2mo	$940,000	$545	54
323 Barwick Blvd	0.64mi	3/2.5 (-1)	1,604 (-5%)	3mo	$960,000	$599	52
222 Clemens Rd	0.60mi	4/3.0	1,800 (+7%)	6mo	$850,000	$472	52
227 Brown St	0.65mi	4/2.0	1,895 (+12%)	3mo	$950,000	$501	46
250 Mallard Rd	0.62mi	3/3.0 (-1)	1,577 (-6%)	7mo	$915,000	$580	45
85 Aspinwall St	0.74mi	4/2.5	1,844 (+9%)	8mo	$800,000	$434	41
43 Pembrook Dr	0.53mi	3/2.5 (-1)	1,906 (+13%)	8mo	$1,570,000	$824	40

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: -24.1%
• Equity multiple: 0.18×
• Total profit: $-149,785
• Equity at exit: $96,768

10-year hold

• IRR: -19.3%
• Equity multiple: -0.03×
• Total profit: $-187,545
• Equity at exit: $56,114

Cash invested: $181,720 (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 11514

• Home prices YoY: -19.7%
• Active inventory: 15
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $4,888 high
• Mortgage (P&I): −$3,403
• Tax from tax record: −$890 /mo · $10,682/yr
• Insurance: −$270
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,026
• Net cashflow: $-702

Break-even live

Break-even rent $5,777

Max offer price $524,904

Occupancy floor —

Sensitivity live

Price	-10% $-335	-5% $-519	+0% $-702	+5% $-886	+10% $-1,070
Rent	-10% $-1,089	-5% $-896	+0% $-702	+5% $-509	+10% $-316
Rate	-1.0pp $-376	-0.5pp $-537	base $-702	+0.5pp $-871	+1.0pp $-1,042

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: $162,250
• Closing costs: $19,470
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
33 Cherry Ln Carle Place, NY	4.0	2.0	1224	$4,800	$3.92	0d	1	0.74mi
191 Raff Ave Mineola, NY	3.0	2.0	1500	$4,500	$3.00	0d	1	0.76mi
220 Pershing Pkwy Mineola, NY	4.0	2.0	1550	$4,750	$3.06	0d	1	0.84mi
367 Columbus Pkwy Mineola, NY	3.0	3.0	1611	$5,350	$3.32	45d	1	0.97mi
131 Roslyn Rd Unit 1st Floor Mineola, NY	3.0	2.0	2200	$4,100	$1.86	0d	1	1.24mi
50 Albertson Pl Mineola, NY	3.0	2.0	1525	$4,750	$3.11	0d	1	1.26mi
186 Wilson Ave Westbury, NY	4.0	1.5	2000	$4,950	$2.48	0d	1	1.27mi
80 Old Country Rd Mineola, NY	3.0	2.0	1400	$3,200	$2.29	26d	1	1.28mi
74 Mulberry Ave Garden City, NY	4.0	2.5	2102	$7,500	$3.57	12d	1	1.36mi
405 I U Willets Rd Roslyn Heights, NY	3.0	2.0	1691	$5,000	$2.96	18d	1	1.45mi
159 Harrison Ave Unit C Mineola, NY	3.0	2.0	1820	$5,300	$2.91	4d	1	1.47mi

Listing history 26 events

1. 2026-06-04
   days on market $649,000 Active 23 DOM
2. 2026-06-03
   days on market $649,000 Active 22 DOM
3. 2026-06-02
   days on market $649,000 Active 21 DOM
4. 2026-06-01
   days on market $649,000 Active 20 DOM
5. 2026-05-31
   days on market $649,000 Active 19 DOM
6. 2026-05-18
   price $649,000 604-char remark
7. 2026-05-08
   historical
8. 2026-05-07
   listed $679,000 Active
9. 2026-05-01
   listed $699,000 Active 604-char remark
10. 2026-04-28
    historical
11. 2026-04-28
    listed $779,000
12. 2026-04-08
    status Pending
13. 2026-04-07
    historical
14. 2026-03-21
    price $679,000
15. 2026-02-06
    status Active
16. 2026-01-29
    status Pending
17. 2026-01-02
    status Active
18. 2026-01-02
    price $699,000
19. 2025-10-04
    status Pending
20. 2025-09-08
    price $679,000
21. 2025-08-10
    price $699,000
22. 2025-08-04
    price $724,000
23. 2025-07-27
    listed $749,000 Active
24. 2025-07-24
    soldstatus $550,000
25. 1990-02-08
    soldstatus $165,000
26. 1975-05-01
    soldstatus $37,500

ⓘ 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: $10,682 · $890/mo
• Projected year-2 tax: $10,825 · $902/mo
• Expected delta: +$143/yr (+$12/mo · 1.3%)

ⓘ 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 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 41% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,657
• − Mortgage interest: −$36,354
• − Property taxes: −$10,682
• − Insurance: −$3,245
• − Repairs & maintenance: −$4,693
• − Management: −$4,693
• − Depreciation: −$18,880
• Taxable loss: −$19,890
• Est. tax savings @ 24.0%: +$4,774
• After-tax cash flow: $-3,656/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: Carle Place Union Free School District
• NCES district ID: 3606540
• Math proficiency: 74% ▼ -2.00%
• Reading proficiency: 68% ▼ -2.00%
• Median HH income: $93,519
• Composite: 64.39/100
• National rank: #546
• State rank: #99 of 590 in NY

Livability — Carle Place

• Score: 84/100
• State rank: #52
• US rank: #801

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carle Place, NY
• City population: 4,421
• Population (ZIP): 4,421

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Asian 13% Hispanic / Latino 12% Two or more races 6% Black 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 2% Russian 2% Slovak 1%
• Foreign-born: 24% · Canada, Jamaica, South Korea
• Languages at home: 60% English-only · Other Indo-European 14% Spanish 14% Russian/Polish/Slavic 4%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.88%
• Current HPI: 321.7934
• 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

+1630.7% since first listed

21 events — show timeline

• 2026-05-18 Price Changed $649,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-05-07 Listed $679,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-01 Listed $699,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-28 Listed $779,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-28 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-04-08 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-07 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-03-21 Price Changed $679,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-06 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-01-29 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-02 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-01-02 Price Changed $699,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-04 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-09-08 Price Changed $679,000 OneKey® MLS as Distributed by MLS Grid
• 2025-08-10 Price Changed $699,000 OneKey® MLS as Distributed by MLS Grid
• 2025-08-04 Price Changed $724,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-27 Listed $749,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-24 Sold (Public Records) $550,000 Public Records
• 1990-02-08 Sold (Public Records) $165,000 Public Records
• 1975-05-01 Sold (Public Records) $37,500 Public Records

Property tax history

+2.9%/yr

Latest (2024): $10,682 · +8.0% YoY. Source: county tax records.