133 Southside Dr · Oneonta, NY 13820

$15,000

3 bd · 2.5 ba · 1,792 sqft · Other public records · 62 Days on market

Built 1880 0.61 ac lot

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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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

House is condemned, hold harmless agreement required before showing. Great opportunity for an investor or flipper in Oneonta, NY. This property is seconds from the Southside of Oneonta and just two minutes from downtown, offering a highly convenient location close to major grocery stores, restaurants, SUNY Oneonta, Hartwick College the baseball all star village, and a variety of local amenities. The address is already established, electric is available on the property, and there is a three car driveway with access from a maintained road. With strong rental demand in the area, this property is well suited for an income producing investment or the perfect spot to build a custom home. Enjoy scenic views overlooking Oneonta while being close to Main Street, parks, shopping, and year round community events.

Key facts

• Three car driveway
• Scenic views
• 0.61 acre lot

Tags

• THREE CAR DRIVEWAY
• SCENIC VIEWS

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath other listed at $15k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $15k).
• Recommended offer: $14k (6.0% below list) — sets the bar for market timing.
• Cap rate 104.1% vs local median 5.5% in Oneonta — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#253 in NY, #4,021 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living B+; Watch: amenities C-, crime F, commute F.
• Oneonta City School District (town): math 46% / reading 57% proficiency, ranked #374 of 590 in NY (top 63%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 118 active listings in the ZIP; 133 units permitted in Otsego County in 2024 (10 in 5+ unit buildings).
• This rent runs 31% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($104 loan paydown + $2k appreciation (10.0% local appreciation)).
• Otsego County population projected at -21% 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($14k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y ago; this cycle's ask has dropped $10k (40%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1880 — 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: 11.20% ✓
• Cap rate: 104.15%
• Cash-on-cash: 349.48%
• DSCR: 16.55
• GRM: 0.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 21.50×
• Total profit: $86,099
• Equity at exit: $13,513

10-year hold

• IRR: —
• Equity multiple: 46.79×
• Total profit: $192,334
• Equity at exit: $29,142

Cash invested: $4,200 (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 13820

• Home prices YoY: 22.7%
• Active inventory: 118
• Price-to-rent: 0.7×

Monthly cashflow live

• Estimated rent: $1,680 medium
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $1,223

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 22%

Sensitivity live

Price	-10% $1,234	-5% $1,228	+0% $1,223	+5% $1,218	+10% $1,213
Rent	-10% $1,090	-5% $1,157	+0% $1,223	+5% $1,290	+10% $1,356
Rate	-1.0pp $1,231	-0.5pp $1,227	base $1,223	+0.5pp $1,219	+1.0pp $1,215

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-04-22
   price $15,000 813-char remark

   Show marketing remark (813 chars)

   House is condemned, hold harmless agreement required before showing. Great opportunity for an investor or flipper in Oneonta, NY. This property is seconds from the Southside of Oneonta and just two minutes from downtown, offering a highly convenient location close to major grocery stores, restaurants, SUNY Oneonta, Hartwick College the baseball all star village, and a variety of local amenities. The address is already established, electric is available on the property, and there is a three car driveway with access from a maintained road. With strong rental demand in the area, this property is well suited for an income producing investment or the perfect spot to build a custom home. Enjoy scenic views overlooking Oneonta while being close to Main Street, parks, shopping, and year round community events.

2. 2026-04-04
   status Active 813-char remark

   Show marketing remark (813 chars)

   House is condemned, hold harmless agreement required before showing. Great opportunity for an investor or flipper in Oneonta, NY. This property is seconds from the Southside of Oneonta and just two minutes from downtown, offering a highly convenient location close to major grocery stores, restaurants, SUNY Oneonta, Hartwick College the baseball all star village, and a variety of local amenities. The address is already established, electric is available on the property, and there is a three car driveway with access from a maintained road. With strong rental demand in the area, this property is well suited for an income producing investment or the perfect spot to build a custom home. Enjoy scenic views overlooking Oneonta while being close to Main Street, parks, shopping, and year round community events.

3. 2026-02-05
   status Pending 813-char remark

   Show marketing remark (813 chars)

   House is condemned, hold harmless agreement required before showing. Great opportunity for an investor or flipper in Oneonta, NY. This property is seconds from the Southside of Oneonta and just two minutes from downtown, offering a highly convenient location close to major grocery stores, restaurants, SUNY Oneonta, Hartwick College the baseball all star village, and a variety of local amenities. The address is already established, electric is available on the property, and there is a three car driveway with access from a maintained road. With strong rental demand in the area, this property is well suited for an income producing investment or the perfect spot to build a custom home. Enjoy scenic views overlooking Oneonta while being close to Main Street, parks, shopping, and year round community events.

4. 2026-01-28
   listed $25,000 Active 813-char remark

   Show marketing remark (813 chars)

   House is condemned, hold harmless agreement required before showing. Great opportunity for an investor or flipper in Oneonta, NY. This property is seconds from the Southside of Oneonta and just two minutes from downtown, offering a highly convenient location close to major grocery stores, restaurants, SUNY Oneonta, Hartwick College the baseball all star village, and a variety of local amenities. The address is already established, electric is available on the property, and there is a three car driveway with access from a maintained road. With strong rental demand in the area, this property is well suited for an income producing investment or the perfect spot to build a custom home. Enjoy scenic views overlooking Oneonta while being close to Main Street, parks, shopping, and year round community events.

5. 2020-02-04
   listed $39,900
6. 2018-06-08
   listed $99,000
7. 2018-05-23
   historical
8. 2018-05-03
   listed $49,000
9. 2018-04-25
   soldstatus $18,000
10. 2017-11-17
    listed $29,900
11. 2002-02-20
    soldstatus $65,000

ⓘ 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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 8 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 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: $20,154
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,612
• − Management: −$1,612
• − Depreciation: −$436
• Taxable income: $15,353
• Est. tax owed @ 24.0%: −$3,685
• After-tax cash flow: $10,993/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: Oneonta City School District
• NCES district ID: 3621780
• Math proficiency: 46% ▼ -2.00%
• Reading proficiency: 57% ▲ 14.00%
• Median HH income: $41,631
• Composite: 43.19/100
• National rank: #3066
• State rank: #374 of 590 in NY

Livability — Oneonta

• Score: 75/100
• State rank: #253
• US rank: #4021

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Otsego County · 23,056 people
• City population: 23,056
• Metro: Oneonta, NY
• Population (ZIP): 23,056
• Household income: $65,953
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 662.0

Population outlook (Otsego County) Hauer SSP2

• Today (2025): 57,987 people
• By 2030: 55,403 · -4.5%
• By 2040: 50,336 · -13.2%
• By 2050: 45,715 · -21.2%
• By 2075: 38,769 · -33.1%
• By 2100: 33,468 · -42.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 6% Black 5% Two or more races 5% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Otsego

• 2024 margin: Lean R (+7.9) · D 46.1% · R 53.9%
• 2008→2024 swing: -13.8pp toward R · 2008: 5.9pp · 2024: -7.9pp
• All cycles: 2024: R+7.9 2020: R+5.0 2016: R+13.0 2012: D+2.0 2008: D+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 67.86%
• Current HPI: 366.3391
• Rent YoY: —
• Metro: Oneonta, 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

-76.9% since first listed

11 events — show timeline

• 2026-04-22 Price Changed $15,000 UNYREIS
• 2026-04-04 Relisted — UNYREIS
• 2026-02-05 Pending — UNYREIS
• 2026-01-28 Listed $25,000 UNYREIS
• 2020-02-04 Listed $39,900 UNYREIS
• 2018-06-08 Listed $99,000 UNYREIS
• 2018-05-23 Listing Removed — UNYREIS
• 2018-05-03 Listed $49,000 UNYREIS
• 2018-04-25 Sold (MLS) $18,000 UNYREIS
• 2017-11-17 Listed $29,900 UNYREIS
• 2002-02-20 Sold (Public Records) $65,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,849 · +0.3% YoY. Source: county tax records.