41 110th St · Troy, NY 12182

$159,000

2 bd · 1.0 ba · 1,651 sqft · SingleFamily public records · 27 Days on market

Built 1920 1,742 sqft lot $96/sqft · 34% below area Est $240k · 34% under

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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 +24.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 2-bedroom, 1-bath home offering plenty of charm and potential! Features include a large living room with fireplace, hardwood floors, formal dining room, and convenient first-floor laundry. The attic provides a blank canvas with potential for an additional bedroom, office, or bonus space. A new stainless steel fridge will be installed in the near future. A great opportunity to make this home your own!

Key facts

• Attic
• Formal dining room
• Large living room

Tags

• LARGE LIVING ROOM
• FIREPLACE
• HARDWOOD FLOORS
• FORMAL DINING ROOM
• FIRST-FLOOR LAUNDRY
• ATTIC

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence
• Construction: Vinyl-sided construction
• Exterior features: Asphalt roof; Vinyl siding

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Two first-floor bedrooms
• Bathrooms: One full bathroom on the first floor
• Heating & cooling: Natural gas heating; Radiant heat
• Interior features: 9 total rooms; Fireplace (1)
• Laundry & utility: First-floor laundry; Basement with Bilco doors (unfinished)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $318 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $157k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.3% in Troy — 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 81/100 on livability (#88 in NY, #1,350 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, employment C-, crime F.
• Lansingburgh Central School District (urban): math 31% / reading 35% proficiency, ranked #566 of 590 in NY (top 96%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 75 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 405 units permitted in Rensselaer County in 2024 (224 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.
• Rensselaer County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $67k; list at $159k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $156,615 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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: 1.13% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.58%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (median comp): $239,538
• List price: $159,000
• Delta: -33.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
476 W Park Pl	0.27mi	2/2.5	1,632 (-1%)	18mo	$280,000	$172	64
22 115th St	0.47mi	3/2.0 (+1)	1,655 (+0%)	9mo	$225,000	$136	61
302 6th Ave	0.30mi	3/1.5 (+1)	1,725 (+4%)	16mo	$255,000	$148	58
477 9th Ave	0.24mi	3/2.0 (+1)	1,440 (-13%)	2mo	$185,000	$128	57
351 6th Ave	0.18mi	3/1.5 (+1)	1,488 (-10%)	15mo	$212,000	$142	56
13 111th St	0.28mi	3/2.0 (+1)	1,440 (-13%)	2mo	$158,000	$110	55
426 8th Ave	0.11mi	3/2.0 (+1)	1,872 (+13%)	12mo	$240,000	$128	54
362 3rd Ave	0.26mi	3/1.5 (+1)	1,418 (-14%)	8mo	$216,000	$152	51
660 5th Ave	0.69mi	2/1.0	1,750 (+6%)	12mo	$250,000	$143	47
463 8th Ave	0.16mi	3/2.0 (+1)	1,873 (+13%)	19mo	$195,000	$104	46
226 6th Ave	0.51mi	3/1.5 (+1)	1,878 (+14%)	3mo	$214,000	$114	44
594 3rd Ave	0.55mi	2/1.5	1,852 (+12%)	20mo	$145,000	$78	36

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: -3.3%
• Equity multiple: 0.88×
• Total profit: $-5,456
• Equity at exit: $23,707

10-year hold

• IRR: 6.4%
• Equity multiple: 1.48×
• Total profit: $21,476
• Equity at exit: $13,747

Cash invested: $44,520 (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 12182

• Home prices YoY: -15.6%
• Active inventory: 75
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,794 high
• Mortgage (P&I): −$834
• Tax est. 1.5%: −$199 /mo · $2,385/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $318

Break-even live

Break-even rent $1,391

Max offer price $159,000

Occupancy floor 77%

Sensitivity live

Price	-10% $428	-5% $373	+0% $318	+5% $264	+10% $209
Rent	-10% $177	-5% $248	+0% $318	+5% $389	+10% $460
Rate	-1.0pp $399	-0.5pp $359	base $318	+0.5pp $277	+1.0pp $235

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
290 2nd Ave Troy, NY	3.0	1.0	1400	$1,600	$1.14	21d	1	0.38mi
12 Stoneledge Dr Apt 1 Troy, NY	2.0	2.0	1210	$2,000	$1.65	44d	1	0.66mi
157 6th Ave Unit 2 Troy, NY	3.0	1.0	1300	$1,350	$1.04	19d	1	0.67mi
140 5th Ave Unit 2 Troy, NY	3.0	1.0	1200	$1,395	$1.16	24d	1	0.71mi
413 Diamond Rock Cir Troy, NY	2.0	2.0	1252	$2,100	$1.68	19d	1	0.77mi
413 Diamond Rock Cir Troy, NY	2.0	2.0	1252	$2,100	$1.68	14d	1	0.77mi
53 Park Ave Cohoes, NY	3.0	1.0	1875	$1,600	$0.85	14d	1	0.82mi
100 Waters View Cir Cohoes, NY	1.0–2.0	1.0–2.5	1281	$2,413	$1.88	14d	13	0.86mi
750 2nd Ave Troy, NY	1.0–3.0	1.0–1.5	1185	$1,263	$1.07	14d	1	0.98mi
192 Saratoga St Cohoes, NY	1.0–3.0	1.0–3.0	1157	$1,998	$1.73	14d	4	1.24mi
338 Saratoga St Unit 2 Cohoes, NY	3.0	1.5	1200	$1,495	$1.25	44d	1	1.26mi
196 Main St Cohoes, NY	2.0	1.0	1200	$1,375	$1.15	24d	1	1.27mi
129 Main St Cohoes, NY	2.0	1.0	1104	$1,350	$1.22	44d	1	1.33mi
12 White St Cohoes, NY	3.0	2.0	1790	$2,895	$1.62	19d	1	1.35mi
11 Parker Ln Unit 5 Waterford, NY	2.0	2.5	1500	$2,800	$1.87	14d	1	1.37mi
53 Main St Unit 3 Cohoes, NY	3.0	1.0	1200	$1,345	$1.12	24d	1	1.39mi
300 Ontario St Cohoes, NY	3.0	1.0	1100	$1,600	$1.45	14d	1	1.44mi

Listing history 12 events

1. 2026-06-09
   days on market $159,000 Active 27 DOM
2. 2026-06-08
   days on market $159,000 Active 26 DOM
3. 2026-06-07
   days on market $159,000 Active 25 DOM
4. 2026-06-05
   days on market $159,000 Active 22 DOM
5. 2026-06-03
   days on market $159,000 Active 21 DOM
6. 2026-06-02
   days on market $159,000 Active 20 DOM
7. 2026-06-01
   days on market $159,000 Active 19 DOM
8. 2026-05-31
   days on market $159,000 Active 18 DOM
9. 2026-05-31
   days on market $159,000 Active 17 DOM
10. 2026-05-18
    price $175,000 412-char remark
11. 2026-05-13
    listed $199,000 Active 412-char remark
12. 1993-07-19
    soldstatus $67,400

ⓘ 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 3/10 Moderate FEMA zone X · 10% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,528
• − Mortgage interest: −$8,906
• − Property taxes: −$2,385
• − Insurance: −$795
• − Repairs & maintenance: −$1,722
• − Management: −$1,722
• − Depreciation: −$4,625
• Taxable income: $1,372
• Est. tax owed @ 24.0%: −$329
• After-tax cash flow: $3,492/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: Lansingburgh Central School District
• NCES district ID: 3616740
• Math proficiency: 31% ▼ -7.00%
• Reading proficiency: 35% ▼ -6.00%
• Median HH income: $44,807
• Composite: 28.19/100
• National rank: #6810
• State rank: #566 of 590 in NY

Livability — Troy

• Score: 81/100
• State rank: #88
• US rank: #1350

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Troy, NY
• City population: 53,479
• Population (ZIP): 14,273

Population outlook (Rensselaer County) Hauer SSP2

• Today (2025): 162,400 people
• By 2030: 161,746 · -0.4%
• By 2040: 158,095 · -2.7%
• By 2050: 152,966 · -5.8%
• By 2075: 140,767 · -13.3%
• By 2100: 124,727 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 14% Two or more races 12% Hispanic / Latino 7%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Lithuanian 7% Romanian 3% Iranian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Rensselaer

• 2024 margin: Toss-up / Even · D 50.7% · R 49.3%
• 2008→2024 swing: -8.0pp toward R · 2008: 9.3pp · 2024: 1.4pp
• All cycles: 2024: D+1.4 2020: D+5.6 2016: R+2.9 2012: D+11.8 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.58%
• Current HPI: 273.5758
• 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

+135.9% since first listed

5 events — show timeline

• 2026-06-09 Listing Removed — Global MLS
• 2026-05-20 Price Changed $159,000 Global MLS
• 2026-05-18 Price Changed $175,000 Global MLS
• 2026-05-13 Listed $199,000 Global MLS
• 1993-07-19 Sold (Public Records) $67,400 Public Records

Property tax history

+29.6%/yr

Latest (2025): $8,907 · +7.8% YoY. Source: county tax records.