10 Apple Ln · Clintondale, NY 12561

$130,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured · 85 Days on market

Built 1989 Fair condition $97/sqft · at area comps Est $132k · at est. $725/mo HOA · 28% of rent ↓ 13% 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 +27.7/30.0
• 1% rule +10.0/10.0
• DSCR +9.7/10.0
• ARV discount +8.1/15.0
• Schools +6.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright & Beautiful 3-Bedroom Home in Desirable Aloha Acres 55+ Community!!! Move right into this 3-bedroom, 2-bath home located in the highly sought-after Aloha Acres community. Offering over 1,300 sf of comfortable living space, this home combines functionality, thoughtful layout, and low-maintenance living. The open-concept floor plan features high ceilings and abundant natural light, creating a bright and welcoming atmosphere. The primary suite offers a generous closet and private en-suite full bath, complemented by two additional bedrooms and a second full bathroom, ideal for guests or flexible living space. Additional highlights include a dedicated laundry area with washer/dryer hookups, along with a storage shed for added convenience. Conveniently located near shopping, dining, and major commuter routes including I-84, I-87, and Route 17. Approximately 60 miles from NYC with access to Metro-North, NJ Transit, and bus lines. Enjoy everything the Hudson Valley has to offer, including local orchards, wineries, farmers markets, parks, lakes, and hiking trails. A must-see—schedule your showing today!

Key facts

• Built 1989
• Listed 84 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 2.9% in Clintondale — 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 64/100 on livability (#732 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment B+, housing B; Watch: schools D, cost of living D, amenities F.
• New Paltz Central School District (suburban): math 67% / reading 88% proficiency, ranked #70 of 590 in NY (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: 92 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 464 units permitted in Ulster County in 2024 (170 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Ulster County population projected at -14% 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 $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.

Recommended offer $122,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.96% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.89%
• DSCR: 1.57
• GRM: 4.2

CMA / ARV

• ARV (median comp): $131,878
• List price: $130,000
• Delta: -1.42%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1 Orchid	0.31mi	3/2.0	1,152 (-14%)	6mo	$120,000	$104	57

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $4,328
• Equity at exit: $19,383

10-year hold

• IRR: 12.9%
• Equity multiple: 2.04×
• Total profit: $37,810
• Equity at exit: $11,240

Cash invested: $36,400 (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 12561

• Active inventory: 92
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $2,550 medium
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$725
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $391

Break-even live

Break-even rent $2,055

Max offer price $130,000

Occupancy floor 80%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
376 New York 32 New Paltz, NY	2.0	1.5	1232	$2,600	$2.11	43d	1	1.32mi
376 New York 32 Unit 1 New Paltz, NY	2.0	1.5	1232	$2,500	$2.03	13d	1	1.32mi

HOA detail

• Monthly dues: $725 · $8,700/yr

Listing history 19 events

1. 2026-06-18
   days on market $130,000 Active 85 DOM
2. 2026-06-17
   days on market $130,000 Active 84 DOM
3. 2026-06-16
   days on market $130,000 Active 83 DOM
4. 2026-06-15
   days on market $130,000 Active 82 DOM
5. 2026-06-13
   days on market $130,000 Active 80 DOM
6. 2026-06-12
   days on market $130,000 Active 79 DOM
7. 2026-06-09
   days on market $130,000 Active 76 DOM
8. 2026-06-08
   days on market $130,000 Active 75 DOM
9. 2026-06-07
   days on market $130,000 Active 74 DOM
10. 2026-06-04
    days on market $130,000 Active 70 DOM
11. 2026-06-02
    days on market $130,000 Active 69 DOM
12. 2026-06-01
    days on market $130,000 Active 68 DOM
13. 2026-05-31
    days on market $130,000 Active 67 DOM
14. 2026-05-17
    price $130,000 1128-char remark

    Show marketing remark (1128 chars)

    Bright & Beautiful 3-Bedroom Home in Desirable Aloha Acres 55+ Community!!! Move right into this 3-bedroom, 2-bath home located in the highly sought-after Aloha Acres community. Offering over 1,300 sf of comfortable living space, this home combines functionality, thoughtful layout, and low-maintenance living. The open-concept floor plan features high ceilings and abundant natural light, creating a bright and welcoming atmosphere. The primary suite offers a generous closet and private en-suite full bath, complemented by two additional bedrooms and a second full bathroom, ideal for guests or flexible living space. Additional highlights include a dedicated laundry area with washer/dryer hookups, along with a storage shed for added convenience. Conveniently located near shopping, dining, and major commuter routes including I-84, I-87, and Route 17. Approximately 60 miles from NYC with access to Metro-North, NJ Transit, and bus lines. Enjoy everything the Hudson Valley has to offer, including local orchards, wineries, farmers markets, parks, lakes, and hiking trails. A must-see—schedule your showing today!

15. 2026-03-26
    listed $139,999 Active 1128-char remark

    Show marketing remark (1128 chars)

    Bright & Beautiful 3-Bedroom Home in Desirable Aloha Acres 55+ Community!!! Move right into this 3-bedroom, 2-bath home located in the highly sought-after Aloha Acres community. Offering over 1,300 sf of comfortable living space, this home combines functionality, thoughtful layout, and low-maintenance living. The open-concept floor plan features high ceilings and abundant natural light, creating a bright and welcoming atmosphere. The primary suite offers a generous closet and private en-suite full bath, complemented by two additional bedrooms and a second full bathroom, ideal for guests or flexible living space. Additional highlights include a dedicated laundry area with washer/dryer hookups, along with a storage shed for added convenience. Conveniently located near shopping, dining, and major commuter routes including I-84, I-87, and Route 17. Approximately 60 miles from NYC with access to Metro-North, NJ Transit, and bus lines. Enjoy everything the Hudson Valley has to offer, including local orchards, wineries, farmers markets, parks, lakes, and hiking trails. A must-see—schedule your showing today!

16. 2026-03-19
    historical $139,999 1128-char remark

    Show marketing remark (1128 chars)

    Bright & Beautiful 3-Bedroom Home in Desirable Aloha Acres 55+ Community!!! Move right into this 3-bedroom, 2-bath home located in the highly sought-after Aloha Acres community. Offering over 1,300 sf of comfortable living space, this home combines functionality, thoughtful layout, and low-maintenance living. The open-concept floor plan features high ceilings and abundant natural light, creating a bright and welcoming atmosphere. The primary suite offers a generous closet and private en-suite full bath, complemented by two additional bedrooms and a second full bathroom, ideal for guests or flexible living space. Additional highlights include a dedicated laundry area with washer/dryer hookups, along with a storage shed for added convenience. Conveniently located near shopping, dining, and major commuter routes including I-84, I-87, and Route 17. Approximately 60 miles from NYC with access to Metro-North, NJ Transit, and bus lines. Enjoy everything the Hudson Valley has to offer, including local orchards, wineries, farmers markets, parks, lakes, and hiking trails. A must-see—schedule your showing today!

17. 2026-03-06
    price $130,000
18. 2025-11-01
    price $148,500
19. 2025-09-05
    listed $150,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $30,600
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$2,448
• − Management: −$2,448
• − HOA: −$8,700
• − Depreciation: −$3,782
• Taxable income: $3,340
• Est. tax owed @ 24.0%: −$802
• After-tax cash flow: $3,892/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 · 13 photos

Fair 45/100 Moderate rehab

This home requires moderate repairs and maintenance, with average condition across most systems. Upgrades to exterior paint and kitchen cabinets would significantly enhance its resale value.

Repairs flagged

• Minor wooden deck — slight wear
• Minor wooden siding — slight wear

Value-add opportunities

• Resale paint exterior — enhances curb appeal
• Rental replace carpet in bedrooms — improves comfort and cleanliness
• Resale update kitchen cabinets — modernizes space
• Resale install new windows — increases natural light and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
wooden deck · slight wear	Minor	$500–3,000
wooden siding · slight wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale paint exterior — enhances curb appeal ↑
• Rental replace carpet in bedrooms — improves comfort and cleanliness ↑
• Resale update kitchen cabinets — modernizes space ↑
• Resale install new windows — increases natural light and energy efficiency ↑

ⓘ 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: New Paltz Central School District
• NCES district ID: 3620460
• Math proficiency: 67% ▲ 5.00%
• Reading proficiency: 88% ▲ 28.00%
• Median HH income: $68,223
• Composite: 67.25/100
• National rank: #386
• State rank: #70 of 590 in NY

Livability — Clintondale

• Score: 64/100
• State rank: #732
• US rank: #13975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 18,531

Population outlook (Ulster County) Hauer SSP2

• Today (2025): 175,887 people
• By 2030: 171,876 · -2.3%
• By 2040: 161,771 · -8.0%
• By 2050: 151,470 · -13.9%
• By 2075: 133,023 · -24.4%
• By 2100: 113,504 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 11% Two or more races 9% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Dominican 1%
• Common ancestry: Romanian 3% Slovak 3% Scotch-Irish 3%
• Foreign-born: 9% · Canada, China
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Ulster

• 2024 margin: D (+18.7) · D 59.3% · R 40.7%
• 2008→2024 swing: -4.9pp toward R · 2008: 23.6pp · 2024: 18.7pp
• All cycles: 2024: D+18.7 2020: D+20.9 2016: D+9.1 2012: D+21.9 2008: D+23.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.50%
• Current HPI: 331.5122
• 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

-13.3% since first listed

6 events — show timeline

• 2026-05-17 Price Changed $130,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-26 Listed $139,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-19 Coming Soon $139,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-06 Price Changed $130,000 HVCRMLS
• 2025-11-01 Price Changed $148,500 HVCRMLS
• 2025-09-05 Listed $150,000 HVCRMLS