4013 Twelve Corners Rd · Moravia, NY 13118

$274,900

3 bd · 2.0 ba · 1,870 sqft · SingleFamily public records · 15 Days on market

Built 1941 0.66 ac lot $147/sqft · 21% below area Est $350k · 21% 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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• Appreciation +10.0/10.0
• DSCR +4.4/10.0
• Schools +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Expansive four bedroom Cape situated on 2/3 of an acre with views of Skaneateles Lake and surrounding hills, in the Moravia school district. This well cared for home blends a traditional Cape Cod floor plan with recent updates to include an open Great room, kitchen and dining combination with large breakfast bar, newer high end vinyl flooring; living room with lake view; and two oversized first floor bedrooms with renovated hall bath. The second floor hosts two additional bedrooms, a full bath, and multiple hall closets provide wonderful extra storage. An extended attached two car garage with workshop space, shed, and full basement with oil and wood combo furnace complete the utility and st

Key facts

• 0.66 acre lot
• 2 garage spots
• Built 1941

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: High-speed internet available; Well and spring water sources; Septic tank
• Home design: Single-story home; Resale property
• Construction: Frame construction with vinyl siding; Asphalt shingle roof; Block and stone foundation; Built as an existing structure
• Exterior features: Blacktop driveway; Rectangular lot (approx. 170 x 168); Main thoroughfare frontage

Interior

• Kitchen: Built-in range; Built-in oven; Electric cooktop; Microwave; Dishwasher; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet; Laminate; Luxury vinyl (varies)
• Bathrooms: 2 full bathrooms (1 on the main level)
• Heating & cooling: Forced air heating; Oil and wood fuel sources
• Interior features: Eat-in kitchen; Separate/formal living room; Kitchen/family room combo; Bedroom on main level; Full, walk-up basement with exterior entry
• Laundry & utility: Washer and dryer located in the basement; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $60 ($719/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (11.6% below list).
• Recommended offer: $243k (11.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#357 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, amenities F, commute F.
• Moravia Central School District (rural): math 42% / reading 56% proficiency, ranked #391 of 590 in NY (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 30 active listings in the ZIP; 161 units permitted in Cayuga County in 2024 (65 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $27k appreciation (10.0% local appreciation)).
• Cayuga County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $77k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $242,896 (11.6% below list)

Questions for the listing agent

1. Built in 1941 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.88% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.93%
• DSCR: 1.04
• GRM: 9.4

CMA / ARV

• ARV (median comp): $349,958
• List price: $274,900
• Delta: -21.45%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 2.99×
• Total profit: $153,548
• Equity at exit: $247,652

10-year hold

• IRR: 22.0%
• Equity multiple: 6.84×
• Total profit: $449,194
• Equity at exit: $534,070

Cash invested: $76,972 (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 13118

• Home prices YoY: 29.3%
• Active inventory: 30
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,429 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$303 /mo · $3,633/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $60

Break-even live

Break-even rent $2,353

Max offer price $274,900

Occupancy floor 93%

Sensitivity live

Price	-10% $216	-5% $138	+0% $60	+5% $-18	+10% $-96
Rent	-10% $-132	-5% $-36	+0% $60	+5% $156	+10% $252
Rate	-1.0pp $198	-0.5pp $130	base $60	+0.5pp $-11	+1.0pp $-84

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-18
   historical Active Under Contract 1067-char remark
2. 2026-05-11
   listed $274,900 Active 1067-char remark

ⓘ 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: $3,633 · $303/mo
• Projected year-2 tax: $4,140 · $345/mo
• Expected delta: +$506/yr (+$42/mo · 13.9%)

ⓘ 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 1/10 Low 7 d/yr ≥91°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,148
• − Mortgage interest: −$15,399
• − Property taxes: −$3,633
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,332
• − Management: −$2,332
• − Depreciation: −$7,997
• Taxable loss: −$3,920
• Est. tax savings @ 24.0%: +$941
• After-tax cash flow: $1,660/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: Moravia Central School District
• NCES district ID: 3619800
• Math proficiency: 42% ▼ -2.00%
• Reading proficiency: 56% ▲ 9.00%
• Median HH income: $55,991
• Composite: 42.47/100
• National rank: #3215
• State rank: #391 of 590 in NY

Livability — Moravia

• Score: 72/100
• State rank: #357
• US rank: #6025

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,514

Population outlook (Cayuga County) Hauer SSP2

• Today (2025): 74,820 people
• By 2030: 72,402 · -3.2%
• By 2040: 66,917 · -10.6%
• By 2050: 61,007 · -18.5%
• By 2075: 48,047 · -35.8%
• By 2100: 34,512 · -53.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 6% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 3% Iranian 3% Lithuanian 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Cayuga

• 2024 margin: R (+13.0) · D 43.5% · R 56.5%
• 2008→2024 swing: -21.5pp toward R · 2008: 8.5pp · 2024: -13.0pp
• All cycles: 2024: R+13.0 2020: R+9.2 2016: R+13.2 2012: D+10.8 2008: D+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 82.97%
• Current HPI: 366.5746
• 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

3 events — show timeline

• 2026-05-26 Pending — CNYIS
• 2026-05-18 Contingent — CNYIS
• 2026-05-11 Listed $274,900 CNYIS

Property tax history

+2.6%/yr

Latest (2025): $3,633 · +8.6% YoY. Source: county tax records.