99 Elmhurst Dr · South Lockport, NY 14094

$109,900

3 bd · 2.0 ba · 1,326 sqft · Manufactured · 20 Days on market

Built 2021 Good condition 9,600 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.4/5.0
• Livability +3.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Low-maintenance living is a true quality-of-life upgrade, and this stunning 2021 manufactured home offers an incredible path to homeownership in Western New York at a price point that barely exists anymore! This is a legitimate advantage~ not a compromise. Enjoy the ease of a newer home with community-maintained infrastructure, giving you more freedom to spend time enjoying life instead of worrying about endless upkeep. Step inside this clean, meticulous, modern ONE FLOOR LIVING home featuring a bright OPEN CONCEPT main living space designed for both everyday comfort and effortless entertaining. The spacious kitchen will quickly become the heart of the home with its oversized island, attrac

Key facts

• Rich dark cabinetry
• Abundance of storage
• One floor living

Tags

• ONE FLOOR LIVING
• OPEN CONCEPT MAIN LIVING SPACE
• OVERSIZED ISLAND
• RICH DARK CABINETRY
• ABUNDANCE OF STORAGE
• PRIVATE PRIMARY SUITE

Property features AI

Finance

• Other: Located on a cul-de-sac on a private road; Lot is rectangular and near public transit
• Financial info: Has land lease with monthly land lease payment
• HOA & community: Monthly association fee; Community amenities include clubhouse, fitness center, and basketball court

Exterior

• Parking: No garage
• Utilities: Electricity connected (circuit breakers); Public water connected; Sewer connected; Cable available
• Home design: Single-story (1 story); Double-wide mobile home (Skyline); Resale property
• Construction: Vinyl siding; Asphalt roof; Pillar/post/pier foundation; PEX plumbing; Existing construction
• Exterior features: Covered and open porch; Blacktop driveway; Shed(s) and storage

Interior

• Kitchen: Free-standing range; Oven; Microwave; Dishwasher
• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Luxury vinyl; Varies
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Gas forced-air heating; Central air conditioning
• Interior features: Accessible bedroom with no stairs; Breakfast bar; Eat-in kitchen; Kitchen island; Kitchen/family room combo; Living/dining room; Primary suite with bath in primary bedroom; Main level primary bedroom
• Laundry & utility: Washer and dryer; Laundry on main level with accessible utilities

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $110k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 1.5% in South Lockport — 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 66/100 on livability (#633 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: employment D+, schools F, crime F.
• Lockport City School District (town): math 44% / reading 49% proficiency, ranked #452 of 590 in NY (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.7%/yr); 357 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 167 units permitted in Niagara County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Niagara County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.7% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Recommended offer $108,251 (1.5% below list)

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 F-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. Crime grade is F 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?
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: 1.35% ✓
• Cap rate: 10.81%
• Cash-on-cash: 16.13%
• DSCR: 1.72
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $54,366
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
433 Chestnut Dr	0.09mi	3/2.0	1,344 (+1%)	5mo	$55,000	$41	89
149 Crestwood Dr	0.15mi	3/2.0	1,248 (-6%)	7mo	$25,000	$20	78
210 Ash St	0.25mi	3/2.0	1,216 (-8%)	0mo	$75,000	$62	74
643 Birchwood Dr	0.40mi	3/2.0	1,366 (+3%)	6mo	$69,000	$51	71
525 Applewood Dr	0.25mi	2/2.0 (-1)	1,400 (+6%)	6mo	$50,000	$36	70
464 Jim Kelly Dr	0.24mi	2/2.0 (-1)	1,216 (-8%)	2mo	$55,000	$45	68
1070 Fernwood Dr	0.55mi	3/2.0	1,344 (+1%)	5mo	$72,000	$54	68
519 Applewood Dr #519	0.21mi	4/2.0 (+1)	1,456 (+10%)	5mo	$42,500	$29	64
901 Hollywood Dr	0.49mi	3/2.0	1,456 (+10%)	2mo	$82,000	$56	60
1009 Ridgewood	0.50mi	3/2.0	1,461 (+10%)	1mo	$50,000	$34	59
288 Fox Hunt Dr	0.32mi	2/1.0 (-1)	1,164 (-12%)	2mo	$45,600	$39	54
1352 Fernwood Dr	0.46mi	2/1.0 (-1)	1,152 (-13%)	4mo	$39,000	$34	44

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 · 3.67% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.31×
• Total profit: $9,563
• Equity at exit: $16,386

10-year hold

• IRR: 17.7%
• Equity multiple: 2.51×
• Total profit: $46,530
• Equity at exit: $9,502

Cash invested: $30,772 (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 14094

• Rents YoY: 3.7%
• Active inventory: 357
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,485 medium
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $414

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 67%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5834 S Transit Rd Lockport, NY	2.0	1.0	1200	$1,600	$1.33	1d	1	1.26mi

Listing history 4 events

1. 2026-06-02
   status $109,900 Pending 20 DOM
2. 2026-06-01
   days on market $109,900 Active 20 DOM
3. 2026-05-31
   days on market $109,900 Active 19 DOM
4. 2026-05-12
   listed $109,900 Active

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,819
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$1,426
• − Management: −$1,426
• − Depreciation: −$3,197
• Taxable income: $3,417
• Est. tax owed @ 24.0%: −$820
• After-tax cash flow: $4,143/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 80/100 Cosmetic rehab

This 2021 manufactured home is in excellent condition with minimal repairs needed. It offers a clean, modern living space with potential for minor updates to enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Improves functionality and aesthetics
• Both New kitchen backsplash — Enhances functionality and aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics ↑
• Both New kitchen backsplash — Enhances functionality and aesthetics ↑

ⓘ 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: Lockport City School District
• NCES district ID: 3617670
• Math proficiency: 44% ▼ -7.00%
• Reading proficiency: 49% ▲ 3.00%
• Median HH income: $43,793
• Composite: 39.28/100
• National rank: #3997
• State rank: #452 of 590 in NY

Livability — South Lockport

• Score: 66/100
• State rank: #633
• US rank: #11642

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Lockport, NY
• County: Niagara County · 157,377 people
• Metro: Buffalo-Cheektowaga, NY
• Population (ZIP): 50,153
• Household income: $75,427
• Rent vs Own: 28.1% rent · 71.9% own
• Severe rent burden: 1112.0

Population outlook (Niagara County) Hauer SSP2

• Today (2025): 204,149 people
• By 2030: 197,900 · -3.1%
• By 2040: 182,239 · -10.7%
• By 2050: 165,198 · -19.1%
• By 2075: 129,416 · -36.6%
• By 2100: 96,222 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Black 6% Hispanic / Latino 3%
• Common ancestry: Romanian 9% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 1% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Niagara

• 2024 margin: R (+14.9) · D 42.5% · R 57.5%
• 2008→2024 swing: -15.9pp toward R · 2008: 1.0pp · 2024: -14.9pp
• All cycles: 2024: R+14.9 2020: R+9.7 2016: R+19.0 2012: D+0.6 2008: D+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -262.57%
• Current HPI: 303.6109
• Rent YoY: ▲ 3.67%
• Metro: Buffalo-Cheektowaga, 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

• 2026-05-12 Listed $109,900 WNYREIS