37 Brookside Estates Dr · Frewsburg, NY 14701

$38,000

3 bd · 2.0 ba · 954 sqft · Manufactured · 66 Days on market

Built 2022 Good condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready and well maintained, this newer Champion manufactured home is located in desirable Brookside Estates. This single-wide offers a bright, open floor plan designed for comfortable everyday living, featuring an inviting eat-in kitchen with rich cherry cabinetry, sleek black appliances, and a functional layout that flows seamlessly into the main living space. The home includes laminate wood flooring in the kitchen and both full bathrooms, with cozy wall-to-wall carpeting in the bedrooms. The spacious primary suite features its own private bathroom and a generous closet, creating a comfortable retreat at the end of the day. A convenient laundry room is also included, complete with a newer washer and dryer. Outside, enjoy your own private paved two-car parking area along with outdoor space ideal for landscaping, gardening, or simply relaxing. With just a bit of personal touch, this home offers excellent potential to truly make it your own. Buyer must complete an application and receive park approval prior to closing. Affordable, easy living in a great community—don’t miss this opportunity!

Key facts

• Black appliances
• Open floor plan
• Laminate wood floors

Tags

• OPEN FLOOR PLAN
• EAT-IN KITCHEN
• CHERRY CABINETS
• BLACK APPLIANCES
• LAMINATE WOOD FLOORS
• LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $38k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $698 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $38k).
• Recommended offer: $36k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#553 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A-, housing B; Watch: schools C-, employment D, amenities F.
• Falconer Central School District (town): math 43% / reading 54% proficiency, ranked #423 of 590 in NY (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 313 active listings in the ZIP; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $263 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($36k) is reasonable based on typical stale-listing flexibility.

Recommended offer $35,720 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 3.20% ✓
• Cap rate: 28.32%
• Cash-on-cash: 78.67%
• DSCR: 4.50
• GRM: 2.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 78.8%
• Equity multiple: 4.60×
• Total profit: $38,285
• Equity at exit: $5,666

10-year hold

• IRR: 82.3%
• Equity multiple: 9.52×
• Total profit: $90,617
• Equity at exit: $3,286

Cash invested: $10,640 (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: 2.6×

Monthly cashflow live

• Estimated rent: $1,215 medium
• Mortgage (P&I): −$199
• Tax est. 1.5%: −$48 /mo · $570/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $698

Break-even live

Break-even rent $332

Max offer price $38,000

Occupancy floor 38%

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: $9,500
• Closing costs: $1,140
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $38,000 Active 66 DOM
2. 2026-06-18
   days on market $38,000 Active 65 DOM
3. 2026-06-17
   days on market $38,000 Active 64 DOM
4. 2026-06-17
   price $38,000 Active 63 DOM
5. 2026-06-16
   days on market $49,500 Active 63 DOM
6. 2026-06-15
   days on market $49,500 Active 62 DOM
7. 2026-06-14
   days on market $49,500 Active 60 DOM
8. 2026-06-12
   days on market $49,500 Active 59 DOM
9. 2026-06-09
   days on market $49,500 Active 56 DOM
10. 2026-06-08
    days on market $49,500 Active 55 DOM
11. 2026-06-07
    days on market $49,500 Active 54 DOM
12. 2026-06-02
    days on market $49,500 Active 49 DOM
13. 2026-06-01
    days on market $49,500 Active 48 DOM
14. 2026-05-31
    days on market $49,500 Active 47 DOM
15. 2026-05-30
    days on market $49,500 Active 46 DOM
16. 2026-04-14
    listed $58,000 Active 1125-char remark

    Show marketing remark (1125 chars)

    Move-in ready and well maintained, this newer Champion manufactured home is located in desirable Brookside Estates. This single-wide offers a bright, open floor plan designed for comfortable everyday living, featuring an inviting eat-in kitchen with rich cherry cabinetry, sleek black appliances, and a functional layout that flows seamlessly into the main living space. The home includes laminate wood flooring in the kitchen and both full bathrooms, with cozy wall-to-wall carpeting in the bedrooms. The spacious primary suite features its own private bathroom and a generous closet, creating a comfortable retreat at the end of the day. A convenient laundry room is also included, complete with a newer washer and dryer. Outside, enjoy your own private paved two-car parking area along with outdoor space ideal for landscaping, gardening, or simply relaxing. With just a bit of personal touch, this home offers excellent potential to truly make it your own. Buyer must complete an application and receive park approval prior to closing. Affordable, easy living in a great community—don’t miss this opportunity!

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 16 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: $14,584
• − Mortgage interest: −$2,129
• − Property taxes: −$570
• − Insurance: −$190
• − Repairs & maintenance: −$1,167
• − Management: −$1,167
• − Depreciation: −$1,105
• Taxable income: $8,257
• Est. tax owed @ 24.0%: −$1,982
• After-tax cash flow: $6,389/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This move-in ready manufactured home in Brookside Estates is in good condition with minimal maintenance required. A fresh coat of paint and cleaning of gutters can significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Fresh paint can enhance the curb appeal and value of the home.
• Both Replace or clean gutters — Clean gutters improve the home's appearance and prevent water damage to the siding and foundation.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Fresh paint can enhance the curb appeal and value of the home. ↑
• Both Replace or clean gutters — Clean gutters improve the home's appearance and prevent water damage to the siding and foundation. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Falconer Central School District
• NCES district ID: 3610920
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 54% ▲ 11.00%
• Median HH income: $44,363
• Composite: 40.96/100
• National rank: #3600
• State rank: #423 of 590 in NY

Livability — Frewsburg

• Score: 68/100
• State rank: #553
• US rank: #9948

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Chautauqua County · 38,461 people
• 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

1 event — show timeline

• 2026-04-14 Listed $58,000 UNYREIS