2 Francis St · Malone, NY 12953

$58,000

4 bd · 1.5 ba · 1,636 sqft · SingleFamily public records · 173 Days on market

Built 1898 6,534 sqft lot $35/sqft · 51% below area ↓ 2% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Charming Village Home with Original Character! Located in the heart of the Village of Malone, this 3-bedroom, 2-bathroom home blends historic charm with everyday functionality. Built in the late 1800s, the home still showcases much of its original woodwork and character, offering a warm and inviting atmosphere throughout. The first floor features a cozy kitchen, dining room, living room, a convenient first-floor bedroom, and a bathroom with laundry area. Upstairs, you'll find three additional bedrooms and a full bathroom, providing plenty of space for family or guests. Outside, enjoy the benefit of a 2-car detached garage and a manageable village lot with access to nearby shops, schools, and parks. With its blend of history, charm, and practicality, this well-located home is ready for your personal touch!

Key facts

• Cozy kitchen
• Access to schools
• Original woodwork

Tags

• ORIGINAL WOODWORK
• COZY KITCHEN
• DETACHED GARAGE
• MANAGEABLE VILLAGE LOT
• ACCESS TO NEARBY SHOPS
• ACCESS TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $530 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.3% vs local median 5.3% in Malone — 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 70/100 on livability (#437 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D+, crime D-.
• Malone Central School District (town): math 27% / reading 29% proficiency, ranked #581 of 590 in NY (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 113 active listings in the ZIP; 124 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($401 loan paydown + $6k appreciation (10.0% local appreciation)).
• Franklin County population projected at -14% 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 $16k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 173 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 173 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 1898 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.92% ✓
• Cap rate: 17.27%
• Cash-on-cash: 39.19%
• DSCR: 2.74
• GRM: 4.4

CMA / ARV

• ARV (median comp): $118,890
• List price: $58,000
• Delta: -51.22%
• 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
102 Webster Street St	0.15mi	3/2.0 (-1)	1,648 (+1%)	11mo	$139,050	$84	76
152 Duane St	0.31mi	3/1.0 (-1)	1,674 (+2%)	10mo	$27,000	$16	67
18 Willson St	0.27mi	4/2.0	1,428 (-13%)	6mo	$170,000	$119	59
101 Franklin St	0.39mi	5/2.0 (+1)	1,725 (+5%)	11mo	$84,500	$49	57
4 St Marks AV Ave	0.46mi	4/2.0	1,768 (+8%)	10mo	$168,000	$95	55
564 E East Main Street St	0.67mi	4/2.0	1,704 (+4%)	10mo	$135,000	$79	51
8 Spaulding Ave Ave	0.58mi	4/1.0	1,490 (-9%)	6mo	$67,000	$45	51
22 Willow St	0.65mi	3/1.0 (-1)	1,632 (-0%)	17mo	$87,000	$53	48
41 2nd Street St	0.69mi	4/3.0	1,800 (+10%)	6mo	$219,000	$122	40
37 First Street St	0.63mi	3/2.0 (-1)	1,847 (+13%)	13mo	$175,000	$95	31
40 First St	0.65mi	3/2.0 (-1)	1,870 (+14%)	9mo	$168,000	$90	31
57 West Street St	0.68mi	3/1.0 (-1)	1,400 (-14%)	16mo	$73,500	$53	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 54.5%
• Equity multiple: 5.02×
• Total profit: $65,351
• Equity at exit: $52,251

10-year hold

• IRR: 48.1%
• Equity multiple: 11.21×
• Total profit: $165,853
• Equity at exit: $112,681

Cash invested: $16,240 (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 12953

• Home prices YoY: 7.2%
• Active inventory: 113
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,111 medium
• Mortgage (P&I): −$304
• Tax from tax record: −$19 /mo · $227/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $530

Break-even live

Break-even rent $440

Max offer price $58,000

Occupancy floor 47%

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: $14,500
• Closing costs: $1,740
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-07
   statusdays on market $58,000 Pending 173 DOM
2. 2026-06-04
   days on market $58,000 Active 172 DOM
3. 2026-06-02
   days on market $58,000 Active 171 DOM
4. 2026-06-01
   days on market $58,000 Active 170 DOM
5. 2026-05-31
   days on market $58,000 Active 169 DOM
6. 2026-03-19
   status Active 819-char remark

   Show marketing remark (819 chars)

   Charming Village Home with Original Character! Located in the heart of the Village of Malone, this 3-bedroom, 2-bathroom home blends historic charm with everyday functionality. Built in the late 1800s, the home still showcases much of its original woodwork and character, offering a warm and inviting atmosphere throughout. The first floor features a cozy kitchen, dining room, living room, a convenient first-floor bedroom, and a bathroom with laundry area. Upstairs, you'll find three additional bedrooms and a full bathroom, providing plenty of space for family or guests. Outside, enjoy the benefit of a 2-car detached garage and a manageable village lot with access to nearby shops, schools, and parks. With its blend of history, charm, and practicality, this well-located home is ready for your personal touch!

7. 2026-01-21
   status Pending 819-char remark

   Show marketing remark (819 chars)

   Charming Village Home with Original Character! Located in the heart of the Village of Malone, this 3-bedroom, 2-bathroom home blends historic charm with everyday functionality. Built in the late 1800s, the home still showcases much of its original woodwork and character, offering a warm and inviting atmosphere throughout. The first floor features a cozy kitchen, dining room, living room, a convenient first-floor bedroom, and a bathroom with laundry area. Upstairs, you'll find three additional bedrooms and a full bathroom, providing plenty of space for family or guests. Outside, enjoy the benefit of a 2-car detached garage and a manageable village lot with access to nearby shops, schools, and parks. With its blend of history, charm, and practicality, this well-located home is ready for your personal touch!

8. 2025-10-17
   listed $58,000 Active 819-char remark

   Show marketing remark (819 chars)

   Charming Village Home with Original Character! Located in the heart of the Village of Malone, this 3-bedroom, 2-bathroom home blends historic charm with everyday functionality. Built in the late 1800s, the home still showcases much of its original woodwork and character, offering a warm and inviting atmosphere throughout. The first floor features a cozy kitchen, dining room, living room, a convenient first-floor bedroom, and a bathroom with laundry area. Upstairs, you'll find three additional bedrooms and a full bathroom, providing plenty of space for family or guests. Outside, enjoy the benefit of a 2-car detached garage and a manageable village lot with access to nearby shops, schools, and parks. With its blend of history, charm, and practicality, this well-located home is ready for your personal touch!

9. 2023-06-09
   price $59,000

ⓘ 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: $227 · $19/mo
• Projected year-2 tax: $604 · $50/mo
• Expected delta: +$377/yr (+$31/mo · 166.1%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,330
• − Mortgage interest: −$3,249
• − Property taxes: −$227
• − Insurance: −$290
• − Repairs & maintenance: −$1,066
• − Management: −$1,066
• − Depreciation: −$1,687
• Taxable income: $5,745
• Est. tax owed @ 24.0%: −$1,379
• After-tax cash flow: $4,986/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: Malone Central School District
• NCES district ID: 3618180
• Math proficiency: 27% ▼ -16.00%
• Reading proficiency: 29% ▼ -11.00%
• Median HH income: $46,681
• Composite: 24.23/100
• National rank: #7725
• State rank: #581 of 590 in NY

Livability — Malone

• Score: 70/100
• State rank: #437
• US rank: #7656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malone, NY
• Population (ZIP): 12,842

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 48,098 people
• By 2030: 46,790 · -2.7%
• By 2040: 44,400 · -7.7%
• By 2050: 41,256 · -14.2%
• By 2075: 32,190 · -33.1%
• By 2100: 23,407 · -51.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 9% Hispanic / Latino 6%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 16% Slovak 5% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Franklin

• 2024 margin: Lean R (+9.0) · D 45.5% · R 54.5%
• 2008→2024 swing: -31.2pp toward R · 2008: 22.2pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+2.2 2016: R+7.4 2012: D+26.3 2008: D+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 17.73%
• Current HPI: 263.2406
• 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

-1.7% since first listed

4 events — show timeline

• 2026-03-19 Relisted — ACVMLS
• 2026-01-21 Pending — ACVMLS
• 2025-10-17 Listed $58,000 ACVMLS
• 2023-06-09 Price Changed $59,000 ACVMLS

Property tax history

-25.9%/yr

Latest (2019): $227 · +129.1% YoY. Source: county tax records.