12 Delavan Ave · Milton, NY 12850

$74,900

1 bd · 1.0 ba · 826 sqft · SingleFamily public records · 307 Days on market

Built 1985 6,534 sqft lot $91/sqft · 7% below area Est $80k · 7% under ↓ 25% since listing

---

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
• ARV discount +10.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.2/10.0

Listing remarks MLS

Great Opportunity to own a year-round home camp in LAKE DESOLATION to make your dream home in Northern Saratoga County, Upstate NY. Cottage style home built in 1985 and offers 826 sq ft, 1 bedroom and 1 bath, electric heat, on a slab, private utilities, situated on 0.15 acres, located in Saratoga Springs CSD.

Key facts

• 6,534 sq ft lot
• 2 parking spots
• Built 1985

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $515 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 2.4% in Milton — 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 66/100 on livability (#652 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: amenities F, commute F, cost of living D-.
• Saratoga Springs City SD (suburban): math 67% / reading 72% proficiency, ranked #138 of 590 in NY (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: 21 active listings in the ZIP; 1,132 units permitted in Saratoga County in 2024 (378 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Saratoga County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 307 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 307 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.84% ✓
• Cap rate: 14.54%
• Cash-on-cash: 29.44%
• DSCR: 2.31
• GRM: 4.5

CMA / ARV

• ARV (median comp): $80,292
• List price: $74,900
• Delta: -6.72%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Kilmer Roadway	0.29mi	2/1.0 (+1)	906 (+10%)	2mo	$150,000	$166	63

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: 24.0%
• Equity multiple: 1.99×
• Total profit: $20,690
• Equity at exit: $11,168

10-year hold

• IRR: 31.8%
• Equity multiple: 3.88×
• Total profit: $60,443
• Equity at exit: $6,476

Cash invested: $20,972 (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 12850

• Home prices YoY: -2.7%
• Active inventory: 21
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,380 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$151 /mo · $1,817/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $515

Break-even live

Break-even rent $728

Max offer price $74,900

Occupancy floor 58%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $74,900 Active 307 DOM
2. 2026-06-17
   days on market $74,900 Active 306 DOM
3. 2026-06-16
   days on market $74,900 Active 305 DOM
4. 2026-06-15
   days on market $74,900 Active 304 DOM
5. 2026-06-14
   days on market $74,900 Active 302 DOM
6. 2026-06-13
   days on market $74,900 Active 301 DOM
7. 2026-06-10
   days on market $74,900 Active 299 DOM
8. 2026-06-09
   days on market $74,900 Active 298 DOM
9. 2026-06-08
   days on market $74,900 Active 297 DOM
10. 2026-06-07
    days on market $74,900 Active 296 DOM
11. 2026-06-05
    days on market $74,900 Active 293 DOM
12. 2026-06-03
    days on market $74,900 Active 292 DOM
13. 2026-06-02
    days on market $74,900 Active 291 DOM
14. 2026-06-01
    days on market $74,900 Active 290 DOM
15. 2026-05-31
    days on market $74,900 Active 289 DOM
16. 2026-05-31
    days on market $74,900 Active 288 DOM
17. 2026-01-07
    price $74,900 311-char remark

    Show marketing remark (311 chars)

    Great Opportunity to own a year-round home camp in LAKE DESOLATION to make your dream home in Northern Saratoga County, Upstate NY. Cottage style home built in 1985 and offers 826 sq ft, 1 bedroom and 1 bath, electric heat, on a slab, private utilities, situated on 0.15 acres, located in Saratoga Springs CSD.

18. 2025-10-23
    price $84,900 311-char remark

    Show marketing remark (311 chars)

    Great Opportunity to own a year-round home camp in LAKE DESOLATION to make your dream home in Northern Saratoga County, Upstate NY. Cottage style home built in 1985 and offers 826 sq ft, 1 bedroom and 1 bath, electric heat, on a slab, private utilities, situated on 0.15 acres, located in Saratoga Springs CSD.

19. 2025-08-15
    listed $99,900 Active 311-char remark

    Show marketing remark (311 chars)

    Great Opportunity to own a year-round home camp in LAKE DESOLATION to make your dream home in Northern Saratoga County, Upstate NY. Cottage style home built in 1985 and offers 826 sq ft, 1 bedroom and 1 bath, electric heat, on a slab, private utilities, situated on 0.15 acres, located in Saratoga Springs CSD.

ⓘ 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: $1,817 · $151/mo
• Projected year-2 tax: $1,817 · $151/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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 5 d/yr ≥93°F today · 12 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,556
• − Mortgage interest: −$4,196
• − Property taxes: −$1,817
• − Insurance: −$374
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − Depreciation: −$2,179
• Taxable income: $5,341
• Est. tax owed @ 24.0%: −$1,282
• After-tax cash flow: $4,892/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: Saratoga Springs City SD
• NCES district ID: 3625770
• Math proficiency: 67% ▼ -10.00%
• Reading proficiency: 72% ▲ 6.00%
• Median HH income: $69,864
• Composite: 60.83/100
• National rank: #818
• State rank: #138 of 590 in NY

Livability — Milton

• Score: 66/100
• State rank: #652
• US rank: #11825

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,537

Population outlook (Saratoga County) Hauer SSP2

• Today (2025): 238,889 people
• By 2030: 243,681 · +2.0%
• By 2040: 249,118 · +4.3%
• By 2050: 248,638 · +4.1%
• By 2075: 241,675 · +1.2%
• By 2100: 213,150 · -10.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Black 1% Hispanic / Latino 1%
• Common ancestry: Lithuanian 6% Romanian 5% Slovak 2%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% Russian/Polish/Slavic 0%

Political lean MEDSL · Saratoga

• 2024 margin: Toss-up / Even · D 50.9% · R 49.1%
• 2008→2024 swing: -1.6pp toward R · 2008: 3.4pp · 2024: 1.8pp
• All cycles: 2024: D+1.8 2020: D+5.4 2016: R+4.4 2012: D+2.1 2008: D+3.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.62%
• Current HPI: 345.3744
• 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

-25.0% since first listed

3 events — show timeline

• 2026-01-07 Price Changed $74,900 Global MLS
• 2025-10-23 Price Changed $84,900 Global MLS
• 2025-08-15 Listed $99,900 Global MLS

Property tax history

+12.1%/yr

Latest (2025): $1,817 · -4.8% YoY. Source: county tax records.