316 Langdon Ave · Mount Vernon, NY 10553

$800,000

8 bd · 3.0 ba · 2,550 sqft · MultiFamily · 27 Days on market

Built 1928 4,792 sqft lot Est $849k · 6% 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).

• Cash flow +13.0/30.0
• ARV discount +10.1/15.0
• 1% rule +4.2/10.0
• DSCR +3.9/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Bank Foreclosure Sold 'as Is' Norepresentationsor Warranties Made Unusual Layout, 2bdrms & Full Bth On 2ndfl Used As Part Of 1st Fl Nu Kit, Nu Bths, Nu Boiler, Nu Roof Nu Gas Lines, You Do The Rest.

Key facts

• Colonial style home
• Expansive layout
• Full basement

Tags

• COLONIAL STYLE HOME
• EXPANSIVE LAYOUT
• FULL BASEMENT
• DETACHED GARAGE STRUCTURE
• MOUNT VERNON SCHOOL DISTRICT
• CLOSE TO TRANSIT

Property features AI

Exterior

• Parking: Driveway; Has garage
• Utilities: Electricity available
• Home design: Single family residence
• Construction: Built with block, brick, brownstone, stone and wood siding; Other foundation type
• Exterior features: Not waterfront; Public sewer

Interior

• Kitchen: Cooktop; Dishwasher
• Bedrooms: Includes a first-floor bedroom
• Bathrooms: 3 full bathrooms; 4 half bathrooms
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; Beamed ceilings; Natural woodwork; Original details; Full basement with storage space; Crawl attic; Total of 14 rooms; Fireplace
• Laundry & utility: Dryer

What this means for you Summary

Snapshot

• This is a 8-bed/3.0-bath multifamily listed at $800k.

Deal economics

• At list price, monthly cash flow is $-48 ($-573/yr) — negative.
• To cash-flow at today's rent, offer at most $792k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $740k (7.6% below list).
• Recommended offer: $740k (7.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#397 in NY) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A, employment B; Watch: crime D-, cost of living F.
• Mount Vernon School District (suburban): math 35% / reading 50% proficiency, ranked #485 of 590 in NY (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Mount Vernon Honor Academy (math 22% / reading 52%, grade F, #1,519 of 2,108 statewide, top 74%, 308 students, 58% FRL); Benjamin Turner Middle School (math 8% / reading 32%, grade F, #678 of 729 statewide, top 94%, 196 students, 71% FRL); Mount Vernon High School (math 54% / reading 75%, grade B-, #776 of 1,100 statewide, top 73%, 1,094 students, 76% FRL).
• Market conditions: 47 active listings in the ZIP; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($788k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 30y ago 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 $195k; list at $800k implies a 310% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $739,500 (7.6% 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 1928 — 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. Crime grade is D 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.26%
• DSCR: 0.99
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $849,150
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
304 S 1st Ave	0.29mi	9/3.0 (+1)	2,614 (+2%)	13mo	$770,000	$295	66
415 S 2nd Ave	0.35mi	7/2.0 (-1)	2,614 (+2%)	13mo	$870,000	$333	60
132 Franklin Ave	0.35mi	7/4.0 (-1)	2,500 (-2%)	15mo	$850,000	$340	59
112 N Columbus Ave	0.65mi	7/4.0 (-1)	2,500 (-2%)	3mo	$900,000	$360	55
114 Elm Ave	0.52mi	7/4.0 (-1)	2,700 (+6%)	14mo	$745,000	$276	45

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: -16.7%
• Equity multiple: 0.41×
• Total profit: $-132,340
• Equity at exit: $119,283

10-year hold

• IRR: -8.4%
• Equity multiple: 0.47×
• Total profit: $-117,798
• Equity at exit: $69,169

Cash invested: $224,000 (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 10553

• Active inventory: 47
• Price-to-rent: 18.0×

Monthly cashflow live

• Estimated rent: $7,395 high
• Mortgage (P&I): −$4,195
• Tax from tax record: −$1,361 /mo · $16,334/yr
• Insurance: −$333
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,553
• Net cashflow: $-48

Break-even live

Break-even rent $7,455

Max offer price $791,570

Occupancy floor 96%

Sensitivity live

Price	-10% $405	-5% $179	+0% $-48	+5% $-274	+10% $-501
Rent	-10% $-632	-5% $-340	+0% $-48	+5% $244	+10% $536
Rate	-1.0pp $355	-0.5pp $156	base $-48	+0.5pp $-255	+1.0pp $-466

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	4	1.5	$7,396
Total (2 units)			$7,395

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: $200,000
• Closing costs: $24,000
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $800,000 Active 27 DOM
2. 2026-06-18
   days on market $800,000 Active 24 DOM
3. 2026-06-17
   days on market $800,000 Active 23 DOM
4. 2026-06-16
   days on market $800,000 Active 22 DOM
5. 2026-06-15
   days on market $800,000 Active 21 DOM
6. 2026-06-13
   days on market $800,000 Active 19 DOM
7. 2026-06-09
   days on market $800,000 Active 15 DOM
8. 2026-06-08
   days on market $800,000 Active 14 DOM
9. 2026-06-07
   days on market $800,000 Active 13 DOM
10. 2026-06-04
    days on market $800,000 Active 10 DOM
11. 2026-06-03
    days on market $800,000 Active 9 DOM
12. 2026-06-02
    days on market $800,000 Active 8 DOM
13. 2026-06-01
    days on market $800,000 Active 7 DOM
14. 2026-05-31
    days on market $800,000 Active 6 DOM
15. 2026-05-21
    listed $800,000 Active
16. 1997-09-12
    soldstatus $195,000
17. 1997-08-16
    soldstatus $195,000 204-char remark

    Show marketing remark (204 chars)

    Bank Foreclosure Sold 'as Is' Norepresentationsor Warranties Made Unusual Layout, 2bdrms & Full Bth On 2ndfl Used As Part Of 1st Fl Nu Kit, Nu Bths, Nu Boiler, Nu Roof Nu Gas Lines, You Do The Rest.

18. 1997-08-16
    price $199,900 204-char remark

    Show marketing remark (204 chars)

    Bank Foreclosure Sold 'as Is' Norepresentationsor Warranties Made Unusual Layout, 2bdrms & Full Bth On 2ndfl Used As Part Of 1st Fl Nu Kit, Nu Bths, Nu Boiler, Nu Roof Nu Gas Lines, You Do The Rest.

19. 1996-12-30
    listed $195,000 204-char remark

    Show marketing remark (204 chars)

    Bank Foreclosure Sold 'as Is' Norepresentationsor Warranties Made Unusual Layout, 2bdrms & Full Bth On 2ndfl Used As Part Of 1st Fl Nu Kit, Nu Bths, Nu Boiler, Nu Roof Nu Gas Lines, You Do The Rest.

20. 1994-10-03
    soldstatus $100,500

ⓘ 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: $16,334 · $1,361/mo
• Projected year-2 tax: $16,334 · $1,361/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $88,740
• − Mortgage interest: −$44,812
• − Property taxes: −$16,334
• − Insurance: −$4,000
• − Repairs & maintenance: −$7,099
• − Management: −$7,099
• − Depreciation: −$23,273
• Taxable loss: −$13,877
• Est. tax savings @ 24.0%: +$3,331
• After-tax cash flow: $2,758/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: Mount Vernon School District
• NCES district ID: 3620100
• Math proficiency: 35% ▼ -3.00%
• Reading proficiency: 50% ▲ 6.00%
• Median HH income: $50,890
• Composite: 36.59/100
• National rank: #4631
• State rank: #485 of 590 in NY

Livability — Mount Vernon

• Score: 71/100
• State rank: #397
• US rank: #6876

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, NY
• City population: 61,313
• Population (ZIP): 10,815

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (67%)
• Race & ethnicity: Black 67% Hispanic / Latino 15% White 12% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 6% Dominican 3%
• Common ancestry: Russian 7% Lithuanian 1% Romanian 1%
• Foreign-born: 35% · Canada, Jamaica, Mexico
• Languages at home: 76% English-only · Spanish 11% Other Indo-European 6% German/W. Germanic 1%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.74%
• Current HPI: 206.233
• 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

+696.0% since first listed

6 events — show timeline

• 2026-05-21 Listed $800,000 OneKey® MLS as Distributed by MLS Grid
• 1997-09-12 Sold (Public Records) $195,000 Public Records
• 1997-08-16 Price Changed $199,900 HGMLS
• 1997-08-16 Sold (MLS) $195,000 HGMLS
• 1996-12-30 Listed $195,000 HGMLS
• 1994-10-03 Sold (Public Records) $100,500 Public Records

Property tax history

+2.2%/yr

Latest (2025): $16,334 · +2.1% YoY. Source: county tax records.