313 Fayette St · Palmyra, NY 14522

$99,900

3 bd · 1.0 ba · 1,362 sqft · SingleFamily public records · 8 Days on market

Built 1926 9,583 sqft lot Est $189k · 47% under

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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 +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 313 Fayette Street in Palmyra! This charming 2-3-bedroom, 1-bath home is full of character and timeless appeal. Step inside to find beautiful hardwood floors, stunning natural woodwork, and warm, inviting living spaces throughout. Enjoy your morning coffee or unwind in the evening on the spacious front porch, perfect for relaxing and taking in the neighborhood. Conveniently located in the heart of Palmyra, you’ll appreciate easy access to local shops, restaurants, parks, schools, and community events. With its classic charm, desirable location, and plenty of potential to make it your own, this home is a wonderful opportunity for first-time buyers, downsizers, or anyone look

Key facts

• Natural woodwork
• Front porch
• Desirable location

Tags

• HARDWOOD FLOORS
• NATURAL WOODWORK
• FRONT PORCH
• DESIRABLE LOCATION

Property features AI

Exterior

• Parking: Detached 1-car garage; Shared driveway
• Utilities: Public water connected; Sewer connected; Circuit breaker electric
• Home design: 2 stories; Existing (previously built) property
• Construction: Aluminum and vinyl siding; Asphalt roof; Block foundation; PEX plumbing
• Exterior features: Enclosed porch; Open porch; Blacktop driveway; Rectangular residential lot; City street frontage; Lot dimensions approximately 57 x 175

Interior

• Kitchen: Gas oven; Gas range; Refrigerator
• Bedrooms: Convertible bedroom (counts as a bedroom)
• Flooring: Hardwood; Vinyl; Varies
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas forced-air heating
• Interior features: Ceiling fan(s); Separate/formal dining room; Separate/formal living room; Country kitchen; Natural woodwork; Convertible bedroom; Full basement
• Laundry & utility: Laundry in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $371 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

Location & tenants

• Location reads 71/100 on livability (#381 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, health & safety D-.
• Palmyra-Macedon Central School District (town): math 41% / reading 51% proficiency, ranked #443 of 590 in NY (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 37 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 259 units permitted in Wayne County in 2024 (90 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Wayne County population projected at -24% 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $68k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1926 — 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. 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.
4. 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.
5. 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: 1.34% ✓
• Cap rate: 10.75%
• Cash-on-cash: 15.92%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $189,318
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1272 Canandaigua Rd	0.26mi	3/1.0	1,352 (-1%)	3mo	$215,000	$159	84
320 Prospect Dr	0.19mi	3/1.0	1,356 (-0%)	13mo	$180,000	$133	80
314 Canandaigua St	0.17mi	3/1.5	1,436 (+5%)	6mo	$230,000	$160	76
219 E Jackson St	0.21mi	2/1.0 (-1)	1,422 (+4%)	3mo	$208,000	$146	76
415 E Main St	0.40mi	3/1.5	1,320 (-3%)	6mo	$74,000	$56	70
316 Vienna St	0.47mi	3/1.0	1,296 (-5%)	3mo	$180,000	$139	67
260 Birdsall Pkwy	0.32mi	2/1.5 (-1)	1,370 (+1%)	13mo	$230,000	$168	66
388 Prospect Dr	0.33mi	3/2.0	1,480 (+9%)	9mo	$205,000	$139	58
154 Hyde Pkwy	0.72mi	2/1.5 (-1)	1,344 (-1%)	6mo	$165,000	$123	52
135 William St	0.47mi	3/1.0	1,174 (-14%)	7mo	$50,000	$43	49
124 Stafford St	0.67mi	3/2.0	1,306 (-4%)	18mo	$175,000	$134	43
342 W Main St	0.63mi	3/1.0	1,528 (+12%)	14mo	$220,000	$144	39

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: 6.8%
• Equity multiple: 1.27×
• Total profit: $7,468
• Equity at exit: $14,895

10-year hold

• IRR: 16.2%
• Equity multiple: 2.32×
• Total profit: $37,019
• Equity at exit: $8,638

Cash invested: $27,972 (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 14522

• Home prices YoY: -26.9%
• Active inventory: 37
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,344 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $371

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 67%

Sensitivity live

Price	-10% $440	-5% $406	+0% $371	+5% $337	+10% $302
Rent	-10% $265	-5% $318	+0% $371	+5% $424	+10% $477
Rate	-1.0pp $421	-0.5pp $397	base $371	+0.5pp $345	+1.0pp $319

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
222 Fayette St Palmyra, NY	2.0	1.0	1000	$1,325	$1.32	3d	1	0.17mi
3527 Vienna St Unit 6 Palmyra, NY	2.0	1.0	1031	$1,450	$1.41	11d	1	0.97mi

Listing history 7 events

1. 2026-06-17
   statusdays on market $99,900 Pending 8 DOM
2. 2026-06-16
   days on market $99,900 Active 7 DOM
3. 2026-06-15
   days on market $99,900 Active 6 DOM
4. 2026-06-13
   days on market $99,900 Active 4 DOM
5. 2026-06-13
   days on market $99,900 Active 3 DOM
6. 2026-06-10
   remarks 693-char remark
7. 2026-06-10
   listed $99,900 Active 1 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 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,124
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,290
• − Management: −$1,290
• − Depreciation: −$2,906
• Taxable income: $3,044
• Est. tax owed @ 24.0%: −$731
• After-tax cash flow: $3,723/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: Palmyra-Macedon Central School District
• NCES district ID: 3622380
• Math proficiency: 41% ▼ -5.00%
• Reading proficiency: 51% ▲ 10.00%
• Median HH income: $52,190
• Composite: 39.65/100
• National rank: #3915
• State rank: #443 of 590 in NY

Livability — Palmyra

• Score: 71/100
• State rank: #381
• US rank: #6555

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palmyra, NY
• City population: 9,230
• Population (ZIP): 9,230

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 85,662 people
• By 2030: 81,945 · -4.3%
• By 2040: 73,735 · -13.9%
• By 2050: 65,029 · -24.1%
• By 2075: 47,451 · -44.6%
• By 2100: 31,574 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Asian 1% Hispanic / Latino 1%
• Common ancestry: Iranian 8% Romanian 3% Slovak 2%
• Foreign-born: 1% · China
• Languages at home: 98% English-only · Chinese 1% Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong R (+23.1) · D 38.5% · R 61.5%
• 2008→2024 swing: -13.2pp toward R · 2008: -9.9pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.6 2016: R+26.1 2012: R+9.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.23%
• Current HPI: 217.7254
• 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

+46.9% since first listed

2 events — show timeline

• 2026-06-09 Listed $99,900 UNYREIS
• 1998-04-02 Sold (Public Records) $68,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $5,601 · +2.3% YoY. Source: county tax records.