8424 Turin Rd · Rome, NY 13440

$171,000

3 bd · 1.5 ba · 1,728 sqft · SingleFamily public records · 23 Days on market

Built 1950 0.34 ac lot Est $264k · 35% under

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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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +4.5/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home could really use a little TLC, but it does have a spacious living and dining area, an eat-in kitchen, and a bedroom on the first floor with a full bathroom. The second floor has three more bedrooms and another full bathroom. Plus, there’s a private backyard with beautiful perennial gardens, a two-car detached garage with an attached shed, has a walk up egress, has a shop or hobby space, and includes a room with shelving for storage. Chimney for wood burning fireplace has been capped off, can not use the fireplace in living room. The home is listed as-is, just as you see it.

Key facts

• Private backyard
• Perennial gardens
• Eat-in kitchen

Tags

• EAT-IN KITCHEN
• PRIVATE BACKYARD
• PERENNIAL GARDENS
• TWO-CAR DETACHED GARAGE
• ATTACHED SHED
• SHOP OR HOBBY SPACE

Property features AI

Exterior

• Parking: Detached garage; Two-car garage
• Utilities: Electricity connected; Public water connected; Septic tank sewer
• Home design: Single-story home; Vinyl siding; Metal roof; Block foundation; Existing (not new construction)
• Construction: Vinyl siding construction; Metal roof; Block foundation; Built previously (existing)
• Exterior features: Blacktop driveway; Private yard; Covered porch; See remarks; Shed(s) and storage; Rectangular lot; Main thoroughfare frontage; Lot dimensions approximately 65 x 224

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator; Pantry; Eat-in kitchen
• Bedrooms: One bedroom on the main level
• Flooring: Ceramic tile; Laminate; Vinyl; Varied flooring
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Forced air heating; Electric heating; Oil heating; Central air conditioning; Cooling present; Heating present
• Interior features: Ceiling fans; Separate formal dining room; Eat-in kitchen; Separate formal living room; Combined living/dining room; Pantry; Storage; Workshop
• Laundry & utility: Main-level laundry; Laundry in basement; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $171k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $162k (5.1% below list).
• Recommended offer: $162k (5.1% below list) — sets the bar for 1% rule.
• Cap rate 8.3% vs local median 5.7% in Rome — 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 (#722 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Rome City School District (town): math 35% / reading 46% proficiency, ranked #516 of 590 in NY (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 276 active listings in the ZIP; 204 units permitted in Oneida County in 2024 (68 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.
• Oneida County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($168k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $162,331 (5.1% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.95% ✗
• Cap rate: 8.30%
• Cash-on-cash: 7.16%
• DSCR: 1.32
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $264,384
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6332 Kolton Dr	0.20mi	4/1.5 (+1)	1,664 (-4%)	11mo	$255,000	$153	71
6322 Kolton Dr	0.23mi	3/2.0	1,762 (+2%)	23mo	$365,000	$207	65
8615 Turin Rd	0.64mi	3/1.0	1,600 (-7%)	8mo	$190,800	$119	49

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: -5.4%
• Equity multiple: 0.80×
• Total profit: $-9,599
• Equity at exit: $25,497

10-year hold

• IRR: 4.2%
• Equity multiple: 1.31×
• Total profit: $14,714
• Equity at exit: $14,785

Cash invested: $47,880 (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 13440

• Home prices YoY: -8.0%
• Active inventory: 276
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,623 medium
• Mortgage (P&I): −$897
• Tax from tax record: −$29 /mo · $344/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $286

Break-even live

Break-even rent $1,262

Max offer price $171,000

Occupancy floor 77%

Sensitivity live

Price	-10% $383	-5% $334	+0% $286	+5% $42	+10% $-18
Rent	-10% $158	-5% $222	+0% $286	+5% $350	+10% $414
Rate	-1.0pp $372	-0.5pp $329	base $286	+0.5pp $241	+1.0pp $196

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: $42,750
• Closing costs: $5,130
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $171,000 Active 23 DOM
2. 2026-06-18
   price $171,000 Active 21 DOM
3. 2026-06-18
   days on market $179,900 Active 21 DOM
4. 2026-06-17
   days on market $179,900 Active 20 DOM
5. 2026-06-16
   days on market $179,900 Active 19 DOM
6. 2026-06-15
   days on market $179,900 Active 18 DOM
7. 2026-06-13
   days on market $179,900 Active 16 DOM
8. 2026-06-12
   days on market $179,900 Active 15 DOM
9. 2026-06-09
   days on market $179,900 Active 12 DOM
10. 2026-06-08
    days on market $179,900 Active 11 DOM
11. 2026-06-07
    days on market $179,900 Active 10 DOM
12. 2026-06-07
    days on market $179,900 Active 9 DOM
13. 2026-06-04
    days on market $179,900 Active 6 DOM
14. 2026-06-02
    days on market $179,900 Active 5 DOM
15. 2026-06-01
    days on market $179,900 Active 4 DOM
16. 2026-05-31
    days on market $179,900 Active 3 DOM
17. 2026-05-28
    listed $179,900 Active

ⓘ 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: $344 · $29/mo
• Projected year-2 tax: $1,617 · $135/mo
• Expected delta: +$1,273/yr (+$106/mo · 370.0%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥94°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: $19,480
• − Mortgage interest: −$9,579
• − Property taxes: −$344
• − Insurance: −$855
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$4,975
• Taxable income: $611
• Est. tax owed @ 24.0%: −$147
• After-tax cash flow: $3,282/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: Rome City School District
• NCES district ID: 3624900
• Math proficiency: 35% ▼ -4.00%
• Reading proficiency: 46% ▲ 10.00%
• Median HH income: $46,406
• Composite: 34.52/100
• National rank: #5178
• State rank: #516 of 590 in NY

Livability — Rome

• Score: 64/100
• State rank: #722
• US rank: #13676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rome, NY
• City population: 41,418
• Population (ZIP): 41,273

Population outlook (Oneida County) Hauer SSP2

• Today (2025): 225,223 people
• By 2030: 220,384 · -2.1%
• By 2040: 209,071 · -7.2%
• By 2050: 197,920 · -12.1%
• By 2075: 175,541 · -22.1%
• By 2100: 148,491 · -34.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Oneida

• 2024 margin: Strong R (+21.3) · D 39.4% · R 60.6%
• 2008→2024 swing: -15.2pp toward R · 2008: -6.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+15.5 2016: R+21.1 2012: R+5.3 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.58%
• Current HPI: 339.3589
• 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 event — show timeline

• 2026-05-28 Listed $179,900 CNYIS

Property tax history

-11.8%/yr

Latest (2025): $344 · -68.3% YoY. Source: county tax records.