10472 County Highway 23 · Unadilla, NY 13839

$60,000

3 bd · 1.0 ba · 1,181 sqft · SingleFamily public records · 132 Days on market

Built 1900 0.30 ac lot $51/sqft · 55% below area ↓ 20% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This is a true investor opportunity for those with an eye for an upside. The property has potential as a full time residence, flip and sell, or hold and rent opportunity. With a good size 0.3 acre lot, deep driveway and detached garage, there are ample options for mold this one into your vision. The house has a covered front porch with 2 front entry options, and the first floor offers a spacious living room, first floor bedroom or office, dining room, full bathroom, and kitchen. The back of the home has had damage or failure to the roofing components, so a back section of the home near the bathroom and another bedroom and basement are currently inaccessible. Upstairs is a nice 2 bedroom setup with the sleeping quarters connected to a shared bedroom or lounge space. This will sell completely as-is, with contents and conditions exactly as found. Sidney Center is set amongst some stunning rolling hills in western Delaware County. The house is just 10 minutes to Sidney, 25 minutes to Oneonta, and Binghamton is just a 45 minute trip.

Key facts

• Covered front porch
• Dining room
• Deep driveway

Tags

• COVERED FRONT PORCH
• DEEP DRIVEWAY
• DETACHED GARAGE
• SPACIOUS LIVING ROOM
• FIRST FLOOR BEDROOM
• DINING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 5.5% in Unadilla — 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 60/100 on livability (#950 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D, crime F.
• Sidney Central School District (town): math 44% / reading 47% proficiency, ranked #462 of 590 in NY (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Sidney Elementary School (math 41% / reading 50%, grade D-, #1,271 of 2,108 statewide, top 60%, 527 students, 52% FRL); Sidney Middle School (math 32% / reading 42%, grade F, #448 of 729 statewide, top 63%, 171 students, 53% FRL); Sidney High School (math 92% / reading 75%, grade A, #409 of 1,100 statewide, top 39%, 336 students, 48% FRL).
• Market conditions: 14 active listings in the ZIP; 66 units permitted in Delaware County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($415 loan paydown + $6k appreciation (10.0% local appreciation)).
• Delaware County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.89% ✓
• Cap rate: 15.15%
• Cash-on-cash: 31.62%
• DSCR: 2.41
• GRM: 4.4

CMA / ARV

• ARV (median comp): $132,615
• List price: $60,000
• Delta: -54.76%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 44.6%
• Equity multiple: 4.38×
• Total profit: $56,722
• Equity at exit: $54,053

10-year hold

• IRR: 38.7%
• Equity multiple: 9.83×
• Total profit: $148,359
• Equity at exit: $116,567

Cash invested: $16,800 (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 13839

• Home prices YoY: 3.1%
• Active inventory: 14
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,137 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$116 /mo · $1,386/yr
• Insurance: −$25
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $376

Break-even live

Break-even rent $660

Max offer price $60,000

Occupancy floor 62%

Sensitivity live

Price	-10% $410	-5% $393	+0% $376	+5% $359	+10% $342
Rent	-10% $286	-5% $331	+0% $376	+5% $421	+10% $466
Rate	-1.0pp $406	-0.5pp $391	base $376	+0.5pp $361	+1.0pp $345

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   status $60,000 Pending 132 DOM
2. 2026-06-18
   days on market $60,000 Active 132 DOM
3. 2026-06-17
   days on market $60,000 Active 131 DOM
4. 2026-06-16
   days on market $60,000 Active 130 DOM
5. 2026-06-15
   days on market $60,000 Active 129 DOM
6. 2026-06-13
   days on market $60,000 Active 127 DOM
7. 2026-06-12
   days on market $60,000 Active 126 DOM
8. 2026-06-09
   days on market $60,000 Active 123 DOM
9. 2026-06-08
   days on market $60,000 Active 122 DOM
10. 2026-06-07
    days on market $60,000 Active 121 DOM
11. 2026-06-07
    days on market $60,000 Active 120 DOM
12. 2026-06-04
    days on market $60,000 Active 117 DOM
13. 2026-06-02
    days on market $60,000 Active 116 DOM
14. 2026-06-01
    days on market $60,000 Active 115 DOM
15. 2026-05-31
    days on market $60,000 Active 114 DOM
16. 2026-04-22
    price $60,000 1044-char remark

    Show marketing remark (1044 chars)

    This is a true investor opportunity for those with an eye for an upside. The property has potential as a full time residence, flip and sell, or hold and rent opportunity. With a good size 0.3 acre lot, deep driveway and detached garage, there are ample options for mold this one into your vision. The house has a covered front porch with 2 front entry options, and the first floor offers a spacious living room, first floor bedroom or office, dining room, full bathroom, and kitchen. The back of the home has had damage or failure to the roofing components, so a back section of the home near the bathroom and another bedroom and basement are currently inaccessible. Upstairs is a nice 2 bedroom setup with the sleeping quarters connected to a shared bedroom or lounge space. This will sell completely as-is, with contents and conditions exactly as found. Sidney Center is set amongst some stunning rolling hills in western Delaware County. The house is just 10 minutes to Sidney, 25 minutes to Oneonta, and Binghamton is just a 45 minute trip.

17. 2026-02-06
    listed $75,000 Active 1044-char remark

    Show marketing remark (1044 chars)

    This is a true investor opportunity for those with an eye for an upside. The property has potential as a full time residence, flip and sell, or hold and rent opportunity. With a good size 0.3 acre lot, deep driveway and detached garage, there are ample options for mold this one into your vision. The house has a covered front porch with 2 front entry options, and the first floor offers a spacious living room, first floor bedroom or office, dining room, full bathroom, and kitchen. The back of the home has had damage or failure to the roofing components, so a back section of the home near the bathroom and another bedroom and basement are currently inaccessible. Upstairs is a nice 2 bedroom setup with the sleeping quarters connected to a shared bedroom or lounge space. This will sell completely as-is, with contents and conditions exactly as found. Sidney Center is set amongst some stunning rolling hills in western Delaware County. The house is just 10 minutes to Sidney, 25 minutes to Oneonta, and Binghamton is just a 45 minute trip.

ⓘ 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: $1,386 · $116/mo
• Projected year-2 tax: $1,386 · $116/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 8 d/yr ≥91°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $13,638
• − Mortgage interest: −$3,361
• − Property taxes: −$1,386
• − Insurance: −$1,098
• − Repairs & maintenance: −$1,091
• − Management: −$1,091
• − Depreciation: −$1,745
• Taxable income: $3,866
• Est. tax owed @ 24.0%: −$928
• After-tax cash flow: $3,587/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: Sidney Central School District
• NCES district ID: 3626850
• Math proficiency: 44% ▼ -2.00%
• Reading proficiency: 47% ▲ 5.00%
• Median HH income: $42,110
• Composite: 38.29/100
• National rank: #4232
• State rank: #462 of 590 in NY

Livability — Unadilla

• Score: 60/100
• State rank: #950
• US rank: #18482

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,362

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 42,668 people
• By 2030: 40,337 · -5.5%
• By 2040: 35,514 · -16.8%
• By 2050: 31,265 · -26.7%
• By 2075: 24,455 · -42.7%
• By 2100: 19,529 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 8% Hispanic / Latino 2%
• Common ancestry: Slovak 7% Lithuanian 4% Iranian 3%
• Foreign-born: 1% · South Korea
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Delaware

• 2024 margin: R (+19.8) · D 40.1% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -5.2pp · 2024: -19.8pp
• All cycles: 2024: R+19.8 2020: R+18.4 2016: R+29.2 2012: R+9.6 2008: R+5.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.89%
• Current HPI: 361.6041
• 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

-20.0% since first listed

2 events — show timeline

• 2026-04-22 Price Changed $60,000 UNYREIS
• 2026-02-06 Listed $75,000 UNYREIS

Property tax history

+7.9%/yr

Latest (2025): $1,386 · +1.7% YoY. Source: county tax records.