7 Radcliff Dr · New City, NY 10956

$450,000

3 bd · 1.5 ba · 1,470 sqft · SingleFamily public records · 15 Days on market

Built 1955 0.51 ac lot $306/sqft · 40% below area Est $744k · 40% 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).

• ARV discount +15.0/15.0
• Cash flow +7.5/30.0
• Schools +6.9/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This property is in a very sought after location in the heart of New City. This 3 bedroom, 1 1/2 bath home is located minutes from shopping, dining, parks, and major roadways, this home combines suburban tranquility with everyday accessibility. NO ONE IS ALLOWED ENTRANCE INSIDE THE HOME. FALLEN GUTTERS, BRICKS ETC THROUGHOUT. HOLD HARMLESS FORM MUST BE SIGNED BEFORE APPOINTMENT IS APPROVED.

Key facts

• 0.51 acre lot
• 2 garage spots
• Built 1955

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public sewer; Electric service by Orange & Rockland; Other utilities — see remarks
• Home design: Single family residence
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Kitchen: Gas oven; Refrigerator
• Bedrooms: Bedroom on the first floor
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: First-floor bedroom; First-floor full bathroom; One-level layout; Full basement
• Laundry & utility: Basement utilities (full basement available)

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $450k.

Deal economics

• At list price, monthly cash flow is $-609 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $342k (23.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $401k (10.8% below list).
• Recommended offer: $342k (23.9% below list) — sets the bar for cash-flow.
• Cap rate 4.8% vs local median 2.8% in New City — 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 80/100 on livability (#111 in NY, #1,835 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities F, cost of living F.
• Clarkstown Central School District (suburban): math 72% / reading 75% proficiency, ranked #66 of 590 in NY (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Zoned schools: Little Tor Elementary School (math 62% / reading 77%, grade A-, #447 of 2,108 statewide, top 24%, 287 students, 11% FRL); Felix Festa Achievement Middle School (math 57% / reading 77%, grade A-, #101 of 729 statewide, top 15%, 640 students, 19% FRL); Clarkstown North Senior High School (math 97% / reading 87%, grade A+, #171 of 1,100 statewide, top 18%, 1,234 students, 21% FRL).
• Market conditions: 185 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 429 units permitted in Rockland County in 2024 (231 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Rockland County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($443k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; flood insurance adds $56/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $342,466 (23.9% 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 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.27%
• DSCR: 0.77
• GRM: 9.3

CMA / ARV

• ARV (median comp): $744,272
• List price: $450,000
• Delta: -39.54%
• 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
31 Sharon Dr	0.44mi	3/2.0	1,400 (-5%)	0mo	$690,000	$493	70
39 Woodbine Rd	0.51mi	3/1.5	1,452 (-1%)	9mo	$775,000	$534	67
35 Old Hempstead Rd	0.30mi	3/2.0	1,452 (-1%)	23mo	$576,000	$397	63
40 James St	0.24mi	4/2.0 (+1)	1,620 (+10%)	9mo	$663,000	$409	57
18 Homestead Ln	0.70mi	4/2.0 (+1)	1,512 (+3%)	1mo	$660,000	$437	55
67 Schriever Ln	0.58mi	3/2.0	1,554 (+6%)	10mo	$715,000	$460	53
23 Crestwood Dr	0.61mi	3/1.0	1,408 (-4%)	13mo	$600,000	$426	52
7 Henry St	0.23mi	3/3.0	1,268 (-14%)	12mo	$697,500	$550	51
52 Eberling Dr	0.30mi	3/2.5	1,628 (+11%)	21mo	$665,000	$408	46
68 Eberling Dr	0.35mi	3/2.5	1,628 (+11%)	22mo	$705,000	$433	43
37 Havermill Rd	0.43mi	4/2.0 (+1)	1,685 (+15%)	11mo	$610,000	$362	40
7 Homestead Ln	0.67mi	4/2.0 (+1)	1,296 (-12%)	12mo	$621,500	$480	32

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: -26.1%
• Equity multiple: 0.12×
• Total profit: $-111,218
• Equity at exit: $67,096

10-year hold

• IRR: -22.5%
• Equity multiple: -0.15×
• Total profit: $-144,853
• Equity at exit: $38,908

Cash invested: $126,000 (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 10956

• Active inventory: 185
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $4,013 medium
• Mortgage (P&I): −$2,360
• Tax from tax record: −$1,176 /mo · $14,111/yr
• Insurance: −$188
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$843
• Net cashflow: $-609

Break-even live

Break-even rent $4,783

Max offer price $342,466

Occupancy floor —

Sensitivity live

Price	-10% $-354	-5% $-481	+0% $-609	+5% $-736	+10% $-863
Rent	-10% $-926	-5% $-767	+0% $-609	+5% $-450	+10% $-292
Rate	-1.0pp $-382	-0.5pp $-494	base $-609	+0.5pp $-725	+1.0pp $-844

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: $112,500
• Closing costs: $13,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
98 S Main St Unit 98 New City, NY	2.0	1.0	900	$3,000	$3.33	45d	1	0.47mi
16 Elmwood Dr New City, NY	3.0	2.0	1250	$4,925	$3.94	0d	1	0.58mi

Listing history 2 events

1. 2026-05-18
   status Pending 395-char remark
2. 2026-05-03
   listed $450,000 Active 395-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: $14,111 · $1,176/mo
• Projected year-2 tax: $14,111 · $1,176/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,153
• − Mortgage interest: −$25,207
• − Property taxes: −$14,111
• − Insurance: −$2,916
• − Repairs & maintenance: −$3,852
• − Management: −$3,852
• − Depreciation: −$13,091
• Taxable loss: −$14,877
• Est. tax savings @ 24.0%: +$3,570
• After-tax cash flow: $-3,734/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: Clarkstown Central School District
• NCES district ID: 3620340
• Math proficiency: 72% ▼ -1.00%
• Reading proficiency: 75% ▲ 6.00%
• Median HH income: $115,765
• Composite: 68.55/100
• National rank: #342
• State rank: #66 of 590 in NY

Livability — New City

• Score: 80/100
• State rank: #111
• US rank: #1835

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New City, NY
• City population: 31,420
• Population (ZIP): 31,420

Population outlook (Rockland County) Hauer SSP2

• Today (2025): 339,642 people
• By 2030: 345,987 · +1.9%
• By 2040: 357,178 · +5.2%
• By 2050: 362,456 · +6.7%
• By 2075: 367,281 · +8.1%
• By 2100: 328,211 · -3.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Hispanic / Latino 19% Asian 13% Two or more races 10% Black 6%
• Hispanic origin (detail): Puerto Rican 7% Dominican 5%
• Common ancestry: Romanian 4% Scotch-Irish 4% Italian 1%
• Foreign-born: 23% · Canada, China, South Korea
• Languages at home: 68% English-only · Spanish 13% Other Indo-European 5% Other Asian/Pacific 4%

Political lean MEDSL · Rockland

• 2024 margin: R (+11.8) · D 44.1% · R 55.9%
• 2008→2024 swing: -17.7pp toward R · 2008: 5.9pp · 2024: -11.8pp
• All cycles: 2024: R+11.8 2020: D+1.7 2016: D+5.1 2012: D+6.6 2008: D+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -530.90%
• Current HPI: 261.6277
• 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

2 events — show timeline

• 2026-05-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-05-03 Listed $450,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+1.9%/yr

Latest (2025): $14,111 · +3.0% YoY. Source: county tax records.