224 Onondaga St · Corning, NY 14830

$185,000

4 bd · 2.5 ba · 1,594 sqft · SingleFamily public records · 21 Days on market

Built 1937 7,500 sqft lot $116/sqft · 17% below area Est $223k · 17% 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).

• Cash flow +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +5.0/10.0
• Livability +4.4/5.0
• Schools +4.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you'll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It's a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

Key facts

• Flexible space
• Spacious kitchen
• Easy access to shops

Tags

• SPACIOUS KITCHEN
• DEDICATED LIVING AREA
• FLEXIBLE SPACE
• FENCED-IN YARD
• DEFINED OUTDOOR SPACE
• EASY ACCESS TO SHOPS

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $182k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 87/100 on livability (#14 in NY, #334 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, housing A+, health & safety A+; Watch: employment D.
• Corning City School District (town): math 44% / reading 53% proficiency, ranked #406 of 590 in NY (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 106 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 196 units permitted in Steuben County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($73k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Steuben County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $129k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,225 (1.5% below list)

Questions for the listing agent

1. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.00% ✓
• Cap rate: 7.08%
• Cash-on-cash: 2.81%
• DSCR: 1.12
• GRM: 8.3

CMA / ARV

• ARV (median comp): $223,196
• List price: $185,000
• Delta: -17.11%
• 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
117 Reynolds Ave	0.12mi	3/1.5 (-1)	1,619 (+2%)	0mo	$225,000	$139	82
148 W Pulteney St	0.29mi	4/2.0	1,585 (-1%)	5mo	$60,000	$38	79
174 Fuller Ave	0.11mi	3/1.0 (-1)	1,568 (-2%)	7mo	$180,000	$115	75
156 Princeton Ave	0.27mi	3/1.5 (-1)	1,660 (+4%)	0mo	$235,000	$142	72
307 Princeton Avenue Ext	0.44mi	3/1.0 (-1)	1,644 (+3%)	2mo	$193,500	$118	61
172 Reynolds Ave	0.09mi	3/1.5 (-1)	1,378 (-14%)	6mo	$215,000	$156	60
258 Sly Ave	0.48mi	3/2.0 (-1)	1,507 (-6%)	5mo	$90,000	$60	57
19 W Hazel St	0.48mi	3/2.0 (-1)	1,722 (+8%)	1mo	$180,000	$105	56
184 Sly Ave	0.45mi	3/2.0 (-1)	1,740 (+9%)	3mo	$40,000	$23	55
229 Cutler Ave	0.25mi	3/1.5 (-1)	1,822 (+14%)	5mo	$179,000	$98	51
257 Bridge St	0.54mi	3/1.5 (-1)	1,456 (-9%)	6mo	$72,750	$50	46
385 Sunset Dr	0.62mi	3/1.0 (-1)	1,474 (-8%)	7mo	$170,000	$115	42

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: -11.8%
• Equity multiple: 0.57×
• Total profit: $-22,195
• Equity at exit: $27,584

10-year hold

• IRR: -2.6%
• Equity multiple: 0.82×
• Total profit: $-9,113
• Equity at exit: $15,995

Cash invested: $51,800 (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 14830

• Active inventory: 106
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,856 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$298 /mo · $3,576/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $121

Break-even live

Break-even rent $1,703

Max offer price $185,000

Occupancy floor 88%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Oneida Pl Corning, NY	3.0	1.5	1200	$2,000	$1.67	43d	1	0.06mi
247 Princeton Ave Corning, NY	3.0	1.0	1504	$1,500	$1.00	43d	1	0.30mi
137 Field St Corning, NY	2.0–3.0	1.0	1125	$1,345	$1.20	43d	3	0.67mi
459 Brainard Pl Painted Post, NY	3.0	1.0	1090	$1,500	$1.38	43d	1	1.45mi

Listing history 8 events

1. 2026-05-08
   historical Active Under Contract 824-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

2. 2026-05-08
   status Pending 836-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

3. 2026-05-06
   price $185,000 824-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

4. 2026-05-06
   price $185,000 836-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

5. 2026-04-17
   listed $195,000 Active 824-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

6. 2026-04-17
   listed $195,000 Active 836-char remark

   Show marketing remark (836 chars)

   This 4 bedroom, 2 bath home is well-located and offers a practical layout and comfortable living spaces. The main level features a spacious kitchen, dedicated living area, and flexible space that can be used for dining or a home office. Upstairs you’ll find 4 bedrooms and a full bath, with natural light throughout the home. The partially finished basement can extend your living space or can be utilized for storage. The property includes a fenced-in yard, providing a defined outdoor space for pets, play, or privacy. It’s a manageable outdoor space with plenty of room for enjoyment. Conveniently situated near downtown Corning, with easy access to shops, restaurants, and daily amenities. Seller is requiring potential buyers to provide proof of funds or pre-approvals to the listing agent prior to scheduling showings.

7. 2019-04-15
   soldstatus $129,000
8. 2019-02-12
   listed $129,000

ⓘ 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: $3,576 · $298/mo
• Projected year-2 tax: $3,576 · $298/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 2/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% 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: $22,273
• − Mortgage interest: −$10,363
• − Property taxes: −$3,576
• − Insurance: −$925
• − Repairs & maintenance: −$1,782
• − Management: −$1,782
• − Depreciation: −$5,382
• Taxable loss: −$1,536
• Est. tax savings @ 24.0%: +$369
• After-tax cash flow: $1,822/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: Corning City School District
• NCES district ID: 3608400
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 53% ▲ 4.00%
• Median HH income: $53,042
• Composite: 41.8/100
• National rank: #3392
• State rank: #406 of 590 in NY

Livability — Corning

• Score: 87/100
• State rank: #14
• US rank: #334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Corning, NY
• County: Steuben County · 41,193 people
• City population: 19,015
• Metro: Corning, NY
• Population (ZIP): 19,015
• Household income: $73,263
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 565.0

Population outlook (Steuben County) Hauer SSP2

• Today (2025): 93,062 people
• By 2030: 89,793 · -3.5%
• By 2040: 82,353 · -11.5%
• By 2050: 74,286 · -20.2%
• By 2075: 55,589 · -40.3%
• By 2100: 37,587 · -59.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 95% English-only · Russian/Polish/Slavic 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Steuben

• 2024 margin: Solid R (+31.8) · D 34.1% · R 65.9%
• 2008→2024 swing: -15.0pp toward R · 2008: -16.8pp · 2024: -31.8pp
• All cycles: 2024: R+31.8 2020: R+29.6 2016: R+36.2 2012: R+16.4 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.59%
• Current HPI: 173.9857
• Rent YoY: —
• Metro: Corning, NY
• 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

+43.4% since first listed

8 events — show timeline

• 2026-05-08 Contingent — NMPA
• 2026-05-08 Pending — UNYREIS
• 2026-05-06 Price Changed $185,000 NMPA
• 2026-05-06 Price Changed $185,000 UNYREIS
• 2026-04-17 Listed $195,000 UNYREIS
• 2026-04-17 Listed $195,000 NMPA
• 2019-04-15 Sold (MLS) $129,000 UNYREIS
• 2019-02-12 Listed $129,000 UNYREIS

Property tax history

+6.1%/yr

Latest (2025): $3,576 · -5.9% YoY. Source: county tax records.