400 Buffalo St · Jamestown, NY 14701

$64,900

3 bd · 1.5 ba · 1,551 sqft · SingleFamily public records · 182 Days on market

Built 1918 5,090 sqft lot $42/sqft · 15% below area Est $76k · 15% 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 +30.0/30.0
• ARV discount +14.2/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom 1.5 bath home being offered at an attractive price point. Currently rented for $800 per month with long term tenant. Can be sold individually or in a package with the following. 339 Falconer, 385 Buffalo, 393 Buffalo st.

Key facts

• 5,090 sq ft lot
• Built 1918
• Listed 181 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $544 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#470 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, crime F.
• Jamestown City School District (town): math 33% / reading 42% proficiency, ranked #553 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 313 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% 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 $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Chautauqua 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 $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 26y 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 $17k; list at $65k implies a 282% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $57,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 2.04% ✓
• Cap rate: 16.35%
• Cash-on-cash: 35.92%
• DSCR: 2.60
• GRM: 4.1

CMA / ARV

• ARV (median comp): $76,295
• List price: $64,900
• Delta: -14.94%
• 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
122 Weeks St	0.20mi	3/2.0	1,556 (+0%)	2mo	$131,000	$84	86
217 Newton Ave	0.27mi	3/1.5	1,536 (-1%)	7mo	$125,000	$81	80
40 Bowen St	0.47mi	3/1.0	1,548 (-0%)	0mo	$72,500	$47	76
81 Hotchkiss St	0.38mi	3/1.0	1,451 (-6%)	5mo	$150,900	$104	65
134 Sturges St	0.42mi	4/1.5 (+1)	1,608 (+4%)	7mo	$154,000	$96	63
133 Euclid Ave	0.58mi	3/1.0	1,500 (-3%)	3mo	$48,000	$32	63
193 Bowen St	0.38mi	3/1.0	1,402 (-10%)	5mo	$61,500	$44	60
104 Falconer St	0.52mi	3/1.0	1,672 (+8%)	1mo	$35,000	$21	60
241 Clyde Ave	0.36mi	3/2.0	1,762 (+14%)	2mo	$160,000	$91	56
24 Eagle St	0.73mi	3/1.0	1,392 (-10%)	2mo	$53,000	$38	45
120 Harris Ave	0.65mi	3/2.0	1,334 (-14%)	1mo	$215,000	$161	44
5 Kinney St	0.74mi	3/1.0	1,688 (+9%)	6mo	$84,500	$50	44

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: 31.7%
• Equity multiple: 2.33×
• Total profit: $24,183
• Equity at exit: $9,677

10-year hold

• IRR: 38.8%
• Equity multiple: 4.63×
• Total profit: $65,886
• Equity at exit: $5,611

Cash invested: $18,172 (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 14701

• Home prices YoY: -18.5%
• Active inventory: 313
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,324 medium
• Mortgage (P&I): −$340
• Tax from tax record: −$135 /mo · $1,617/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $544

Break-even live

Break-even rent $636

Max offer price $64,900

Occupancy floor 54%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
148 Maple St Jamestown, NY	3.0	1.0	1424	$1,350	$0.95	44d	1	1.44mi

Listing history 31 events

1. 2026-06-18
   days on market $64,900 Active 182 DOM
2. 2026-06-17
   days on market $64,900 Active 181 DOM
3. 2026-06-16
   days on market $64,900 Active 180 DOM
4. 2026-06-15
   days on market $64,900 Active 179 DOM
5. 2026-06-14
   days on market $64,900 Active 177 DOM
6. 2026-06-12
   days on market $64,900 Active 176 DOM
7. 2026-06-09
   days on market $64,900 Active 173 DOM
8. 2026-06-08
   days on market $64,900 Active 172 DOM
9. 2026-06-07
   days on market $64,900 Active 171 DOM
10. 2026-06-05
    days on market $64,900 Active 168 DOM
11. 2026-06-02
    days on market $64,900 Active 166 DOM
12. 2026-06-01
    days on market $64,900 Active 165 DOM
13. 2026-05-31
    days on market $64,900 Active 164 DOM
14. 2026-05-30
    days on market $64,900 Active 163 DOM
15. 2025-12-18
    listed $64,900 Active 230-char remark

    Show marketing remark (230 chars)

    3 bedroom 1.5 bath home being offered at an attractive price point. Currently rented for $800 per month with long term tenant. Can be sold individually or in a package with the following. 339 Falconer, 385 Buffalo, 393 Buffalo st.

16. 2025-12-14
    historical
17. 2025-06-14
    listed $64,900 Active
18. 2024-08-20
    historical
19. 2024-03-01
    historical Active Under Contract
20. 2024-02-22
    listed $59,900 Active
21. 2014-08-11
    soldstatus $17,000
22. 2014-08-06
    soldstatus $17,000
23. 2014-03-31
    listed $19,900
24. 2012-11-01
    listed $19,999
25. 2006-02-04
    listed $26,000
26. 2004-12-15
    soldstatus $26,000
27. 2004-11-22
    soldstatus $26,000
28. 2004-03-11
    listed $28,000
29. 2003-03-15
    listed $35,900
30. 2001-02-12
    soldstatus $10,000
31. 2000-06-26
    listed $15,000

ⓘ 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: $1,617 · $135/mo
• Projected year-2 tax: $1,617 · $135/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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,891
• − Mortgage interest: −$3,635
• − Property taxes: −$1,617
• − Insurance: −$324
• − Repairs & maintenance: −$1,271
• − Management: −$1,271
• − Depreciation: −$1,888
• Taxable income: $5,883
• Est. tax owed @ 24.0%: −$1,412
• After-tax cash flow: $5,116/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: Jamestown City School District
• NCES district ID: 3615630
• Math proficiency: 33% ▼ -3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $32,240
• Composite: 30.69/100
• National rank: #6176
• State rank: #553 of 590 in NY

Livability — Jamestown

• Score: 69/100
• State rank: #470
• US rank: #8213

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, NY
• County: Chautauqua County · 38,461 people
• City population: 38,461
• Metro: Jamestown-Dunkirk-Fredonia, NY
• Population (ZIP): 38,461
• Household income: $49,685
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 1838.0

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 6% Black 3%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.93%
• Current HPI: 259.402
• Rent YoY: —
• Metro: Jamestown-Dunkirk-Fredonia, 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

+332.7% since first listed

17 events — show timeline

• 2025-12-18 Listed $64,900 UNYREIS
• 2025-12-14 Listing Removed — UNYREIS
• 2025-06-14 Listed $64,900 UNYREIS
• 2024-08-20 Listing Removed — UNYREIS
• 2024-03-01 Contingent — UNYREIS
• 2024-02-22 Listed $59,900 UNYREIS
• 2014-08-11 Sold (MLS) $17,000 UNYREIS
• 2014-08-06 Sold (Public Records) $17,000 Public Records
• 2014-03-31 Listed $19,900 UNYREIS
• 2012-11-01 Listed $19,999 UNYREIS
• 2006-02-04 Listed $26,000 UNYREIS
• 2004-12-15 Sold (MLS) $26,000 UNYREIS
• 2004-11-22 Sold (Public Records) $26,000 Public Records
• 2004-03-11 Listed $28,000 UNYREIS
• 2003-03-15 Listed $35,900 UNYREIS
• 2001-02-12 Sold (MLS) $10,000 UNYREIS
• 2000-06-26 Listed $15,000 UNYREIS

Property tax history

-4.2%/yr

Latest (2025): $1,617 · +4.8% YoY. Source: county tax records.