62 Liftside Dr Unit 238 E Week 4 · Hunter, NY 12442

$19,000

1 bd · 1.0 ba · 947 sqft · SingleFamily · 456 Days on market

⚠ Timeshare Built 2005 Fair condition 945 sqft lot $20/sqft · 41% below area Est $32k · 40% under $482/mo HOA · 35% of rent

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.8/10.0
• Livability +3.0/5.0
• Appreciation +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

The Beautiful Kaatskill Mountain Club, offers you affordable part time deeded ownership. Great corner unit with valley view. Slopeside living with RCI vacation rental optional. En Suite Jacuzzi Tub, murphy bed in Living Room as well as a pull out couch. One bedroom sleeps 6 with owner, sleeps 4 on rental. Full kitchen with cooking utensils. Hotel style amenities. Use it and club will rent it for you when you are not using it to offset your expenses. Four season facility. Heated outdoor pool, spa, sauna, gym, meeting rooms, restaurant, bar, game room, owner's lounge, owner's locker room, Wi-Fi. Easy ski on ski off access and walk-ability to lodge and Hunter Mountain events. Hotel bar, Extra spacious corner unit with private layout and extra windows. Floor plan E, With the new Epic Ski Pass and all the ski areas it includes, what could be better. This is a fractional interest condominium, please contact listing agent for further details.

Key facts

• Full kitchen
• Spa
• Sauna

Tags

• EN SUITE JACUZZI TUB
• FULL KITCHEN
• HEATED OUTDOOR POOL
• SPA
• SAUNA
• GYM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $19k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $478 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $19k).
• Recommended offer: $17k (12.0% below list) — sets the bar for market timing.
• Cap rate 36.5% vs local median 1.7% in Hunter — 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 60/100 on livability (#971 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+; Watch: housing D+, crime F, amenities F.
• Hunter-Tannersville Central School District (rural): math 55% / reading 50% proficiency, ranked #425 of 755 in NY (top 56%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hunter Elementary School (math 37% / reading 57%, grade D-, #1,195 of 2,108 statewide, top 60%, 186 students, 45% FRL); Hunter-Tannersville Middle School High School (math 52% / reading 44%, grade D, #1,002 of 1,100 statewide, top 91%, 153 students, 48% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 123 active listings in the ZIP; 97 units permitted in Greene County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $131 of loan paydown is wiped out by about $570 of value loss. Plan a longer hold.
• Greene County population projected at -22% 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 $5k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 456 days — a 12% lower offer ($17k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.

Recommended offer $16,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 456 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Crime grade is F 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?
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: 7.27% ✓
• Cap rate: 36.48%
• Cash-on-cash: 107.82%
• DSCR: 5.80
• GRM: 1.1

CMA / ARV

• ARV (median comp): $31,930
• List price: $19,000
• Delta: -40.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
73 Liftside Dr Unit B-6	0.06mi	1/1.0	788 (-17%)	12mo	$285,000	$362	62
62 Liftside Dr Unit 213G4	0.00mi	2/2.0 (+1)	1,041 (+10%)	17mo	$23,000	$22	60
62 - 233F Liftside Dr Unit all 4	0.04mi	2/2.0 (+1)	831 (-12%)	14mo	$75,000	$90	57
62 Liftside Dr Unit 306F4	0.00mi	2/2.0 (+1)	831 (-12%)	19mo	$22,500	$27	55
34 Jovial Ct	0.86mi	2/1.0 (+1)	900 (-5%)	21mo	$399,000	$443	34
190 Hunter Dr Unit Y1	0.50mi	2/2.0 (+1)	1,126 (+19%)	17mo	$500,000	$444	28

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: —
• Equity multiple: 6.20×
• Total profit: $27,682
• Equity at exit: $2,833

10-year hold

• IRR: —
• Equity multiple: 13.14×
• Total profit: $64,594
• Equity at exit: $1,643

Cash invested: $5,320 (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 →

Active competition Active MLS

• For sale now: 5 active · 1 under contract
• Median asking: $32,000 ($30/sqft)
• Median days on market: 456 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +10.9% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 12442

• Home prices YoY: -1.1%
• Active inventory: 123
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,381 medium
• Mortgage (P&I): −$100
• Tax est. 1.5%: −$24 /mo · $285/yr
• Insurance: −$8
• HOA: −$482
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $478

Break-even live

Break-even rent $776

Max offer price $19,000

Occupancy floor 60%

Sensitivity live

Price	-10% $491	-5% $485	+0% $478	+5% $471	+10% $465
Rent	-10% $369	-5% $423	+0% $478	+5% $533	+10% $587
Rate	-1.0pp $488	-0.5pp $483	base $478	+0.5pp $473	+1.0pp $468

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: $4,750
• Closing costs: $570
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

HOA detail $482/mo · $5,784/yr

• Likely covers: internetpoolgym

Listing history 50 events

1. 2026-08-08
   days on market $19,000 Active 456 DOM
2. 2026-08-07
   days on market $19,000 Active 455 DOM
3. 2026-08-06
   days on market $19,000 Active 454 DOM
4. 2026-08-05
   days on market $19,000 Active 453 DOM
5. 2026-08-04
   days on market $19,000 Active 452 DOM
6. 2026-08-03
   days on market $19,000 Active 451 DOM
7. 2026-07-31
   days on market $19,000 Active 448 DOM
8. 2026-07-29
   days on market $19,000 Active 446 DOM
9. 2026-07-27
   days on market $19,000 Active 444 DOM
10. 2026-07-25
    days on market $19,000 Active 442 DOM
11. 2026-07-23
    days on market $19,000 Active 440 DOM
12. 2026-07-22
    days on market $19,000 Active 439 DOM
13. 2026-07-21
    days on market $19,000 Active 438 DOM
14. 2026-07-18
    days on market $19,000 Active 435 DOM
15. 2026-07-16
    days on market $19,000 Active 433 DOM
16. 2026-07-16
    pricedays on market $19,000 Active 432 DOM
17. 2026-07-14
    days on market $22,000 Active 431 DOM
18. 2026-07-13
    days on market $22,000 Active 430 DOM
19. 2026-07-12
    days on market $22,000 Active 429 DOM
20. 2026-07-11
    days on market $22,000 Active 428 DOM
21. 2026-07-10
    days on market $22,000 Active 427 DOM
22. 2026-07-09
    days on market $22,000 Active 426 DOM
23. 2026-07-08
    days on market $22,000 Active 425 DOM
24. 2026-07-07
    days on market $22,000 Active 424 DOM
25. 2026-07-06
    days on market $22,000 Active 423 DOM
26. 2026-07-05
    days on market $22,000 Active 422 DOM
27. 2026-07-04
    days on market $22,000 Active 421 DOM
28. 2026-07-03
    days on market $22,000 Active 420 DOM
29. 2026-07-02
    days on market $22,000 Active 419 DOM
30. 2026-07-01
    days on market $22,000 Active 418 DOM
31. 2026-06-30
    days on market $22,000 Active 417 DOM
32. 2026-06-29
    days on market $22,000 Active 416 DOM
33. 2026-06-28
    days on market $22,000 Active 415 DOM
34. 2026-06-28
    days on market $22,000 Active 414 DOM
35. 2026-06-27
    days on market $22,000 Active 413 DOM
36. 2026-06-26
    days on market $22,000 Active 412 DOM
37. 2026-06-22
    days on market $22,000 Active 409 DOM
38. 2026-06-21
    days on market $22,000 Active 408 DOM
39. 2026-06-19
    days on market $22,000 Active 406 DOM
40. 2026-06-18
    days on market $22,000 Active 405 DOM
41. 2026-06-17
    days on market $22,000 Active 404 DOM
42. 2026-06-16
    days on market $22,000 Active 403 DOM
43. 2026-06-15
    days on market $22,000 Active 402 DOM
44. 2026-06-14
    days on market $22,000 Active 400 DOM
45. 2026-06-12
    days on market $22,000 Active 399 DOM
46. 2026-06-09
    days on market $22,000 Active 396 DOM
47. 2026-06-08
    days on market $22,000 Active 395 DOM
48. 2026-06-07
    days on market $22,000 Active 394 DOM
49. 2026-06-05
    days on market $22,000 Active 391 DOM
50. 2026-06-03
    days on market $22,000 Active 390 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 9 d/yr ≥87°F today · 21 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $16,577
• − Mortgage interest: −$1,064
• − Property taxes: −$285
• − Insurance: −$95
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − HOA: −$5,784
• − Depreciation: −$553
• Taxable income: $6,143
• Est. tax owed @ 24.0%: −$1,474
• After-tax cash flow: $4,262/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.

Condition & rehab AI · 12 photos

Fair 45/100 Cosmetic rehab Est. rehab $4,735–$14,205 screening

This property is in fair condition with cosmetic repairs needed. It offers a great location with a pool and amenities, but could benefit from updates to increase its value.

Repairs flagged

• Minor Living room furniture — Furniture appears slightly worn.
• Minor Bedroom furniture — Furniture appears slightly worn.
• Minor Kitchen appliances — Appliances appear slightly worn.
• Minor Bathroom fixtures — Fixtures appear slightly worn.

Value-add opportunities

• Both Painting interior walls — Fresh paint can make the space feel new and improve curb appeal. ↑
• Both Updating kitchen appliances — Modern appliances can increase both resale and rental value. ↑
• Both Upgrading bathroom fixtures — Modern fixtures can increase both resale and rental value. ↑
• Both Landscaping improvements — Landscaping can improve curb appeal and increase both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 48/100

Zoned Schools

Elementary Hunter Elementary School D- NY #1,195/2,108 Nat'l #14,504/41,679 High Hunter-Tannersville Middle School High School D NY #1,002/1,100 Nat'l #6,198/17,239

Schools (NCES district)

• District: Hunter-Tannersville Central School District
• NCES district ID: 3615060
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $43,719
• Composite: 46.19/100
• National rank: #5442
• State rank: #425 of 755 in NY

C Composite livability gradescore 60/100

Livability — Hunter

• Score: 60/100
• State rank: #971
• US rank: #18992

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hunter, NY
• County: Greene · 44,963 people
• Population (ZIP): 425
• Household income: $50,500
• Rent vs Own: 29.6% rent · 70.4% own

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Population outlook (Greene County) Hauer SSP2

• Today (2025): 44,963 people
• By 2030: 43,126 · -4.1%
• By 2040: 38,756 · -13.8%
• By 2050: 34,913 · -22.4%
• By 2075: 28,156 · -37.4%
• By 2100: 22,296 · -50.4%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 8% Two or more races 2% Pacific Islander 1%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 15% Scotch-Irish 8% Subsaharan African 4%
• Foreign-born: 7% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% German/W. Germanic 2%

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Political lean MEDSL · Greene

• 2024 margin: R (+17.0) · D 41.5% · R 58.5%
• 2008→2024 swing: -7.1pp toward R · 2008: -9.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+15.6 2016: R+27.4 2012: R+11.1 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -4.82%
• Current HPI: 454.3942
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

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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

1 event — show timeline

• 2025-02-06 Listed $22,000 HVCRMLS