320 Town House Rd · Port Henry, NY 05491

$169,000

3 bd · 1.0 ba · 891 sqft · Manufactured public records · 9 Days on market

Built 1997 10 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 +21.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.3/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Manufactured home situated on 10 private acres with scenic mountain views and Vermont character. It offers 3 bedrooms, a full bathroom, and an open kitchen and dining area designed for functionality and comfort. A mini-split system enhances energy efficiency by reducing heating costs and providing cooling during summer. Outside, a detached carport with an attached shed offers covered parking and additional storage. The large acreage ensures privacy and opportunities for outdoor activities, with Snake Mountain, Dead Creek, and Lake Champlain nearby for hiking and canoeing. Conveniently located within a short drive of Vergennes and Middlebury, the property balances seclusion with accessibilit

Key facts

• 10.1 acre lot
• Built 1997
• Listed 9 days

Property features AI

Exterior

• Parking: Gravel driveway parking
• Utilities: Public water; Leach field septic (conventional); Circuit breaker electrical panel; Fiber optic internet available; Satellite service available
• Home design: Manufactured home (Manuf/Mobile); Existing construction; White exterior
• Construction: Built in 1997; Wood frame construction; Vinyl siding; Asphalt shingle roof; Manufactured home structure
• Exterior features: Gravel driveway; Agricultural and country setting; Field/pasture; Mountain view; Stream on or near property; Scenic views; Near snowmobile trails; Rural location

Interior

• Kitchen: Kitchen/living combined space; Gas stove
• Bedrooms: Bedroom on level 1; Bedroom on level 1; Bedroom on level 3
• Bathrooms: One full bath
• Heating & cooling: Propane heating; Heat pump; Hot air heating; Mini split cooling/heating
• Interior features: Six total rooms; Full bathroom on main level
• Laundry & utility: Main-level laundry room; Washer and dryer; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $169k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Cap rate 8.0% vs local median 2.9% in Port Henry — 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 76/100 on livability (#226 in NY, #3,576 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Market conditions: 104 units permitted in Addison County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Addison County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Recommended offer $169,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.03% ✓
• Cap rate: 8.03%
• Cash-on-cash: 6.20%
• DSCR: 1.28
• GRM: 8.1

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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-11,815
• Equity at exit: $25,198

10-year hold

• IRR: 2.9%
• Equity multiple: 1.21×
• Total profit: $9,779
• Equity at exit: $14,612

Cash invested: $47,320 (down + closing). Projections, not guarantees.

Monthly cashflow live

• Estimated rent: $1,747 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$179 /mo · $2,148/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $244

Break-even live

Break-even rent $1,438

Max offer price $169,000

Occupancy floor 81%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-12
   status Pending 834-char remark
2. 2026-05-06
   status Active 834-char remark
3. 2026-05-01
   status Pending 834-char remark
4. 2026-04-28
   listed $169,000 Active 834-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: $2,148 · $179/mo
• Projected year-2 tax: $2,502 · $209/mo
• Expected delta: +$354/yr (+$29/mo · 16.5%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,963
• − Mortgage interest: −$9,467
• − Property taxes: −$2,148
• − Insurance: −$845
• − Repairs & maintenance: −$1,677
• − Management: −$1,677
• − Depreciation: −$4,916
• Taxable income: $233
• Est. tax owed @ 24.0%: −$56
• After-tax cash flow: $2,877/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)

No district data.

Livability — Port Henry

• Score: 76/100
• State rank: #226
• US rank: #3576

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,750

Population outlook (Addison County) Hauer SSP2

• Today (2025): 37,078 people
• By 2030: 36,688 · -1.1%
• By 2040: 34,988 · -5.6%
• By 2050: 32,561 · -12.2%
• By 2075: 27,584 · -25.6%
• By 2100: 22,720 · -38.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 7% Iranian 6% Romanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Addison

• 2024 margin: Solid D (+35.9) · D 66.4% · R 30.6% · Other 3.0%
• 2008→2024 swing: -3.3pp toward R · 2008: 39.2pp · 2024: 35.9pp
• All cycles: 2024: D+35.9 2020: D+39.4 2016: D+33.6 2012: D+39.7 2008: D+39.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.49%
• Current HPI: 266.2657
• 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

4 events — show timeline

• 2026-05-12 Pending — PrimeMLS
• 2026-05-06 Relisted — PrimeMLS
• 2026-05-01 Pending — PrimeMLS
• 2026-04-28 Listed $169,000 PrimeMLS

Property tax history

+0.4%/yr

Latest (2025): $2,148 · -3.8% YoY. Source: county tax records.