2466 VT Route 114 · Burke, VT 05832

$209,000

4 bd · 2.0 ba · 1,676 sqft · SingleFamily public records · 55 Days on market

Built 1890 6.07 ac lot $125/sqft · 54% below area

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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 +19.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Appreciation +5.1/10.0
• Schools +5.0/10.0
• 1% rule +4.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

Key facts

• Direct access
• Snowmobile access
• Septic designed

Tags

• DIRECT ACCESS
• SEPTIC DESIGNED
• POWER ON SITE
• MOUNTAIN BIKING TRAILS
• SNOWMOBILE ACCESS
• BURKE MOUNTAIN

Property features AI

Finance

• Financial info: Tax details available (tax year 2024)

Exterior

• Parking: 2-car garage
• Utilities: On-site electric; High-speed internet available; Telephone available; Water source unknown; Sewer unknown
• Home design: Farmhouse style; Existing structure; Facing/entry details not provided
• Construction: Wood frame construction; Metal roof; Originally built in 1890
• Exterior features: Trail nearby; Near skiing; Near snowmobile trails; Gravel driveway; Paved road frontage

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Baseboard heat
• Interior features: 8 total rooms; Basement with interior access; Dirt floor in basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $209k.

Deal economics

• At list price, monthly cash flow is $234 ($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 $201k (3.6% below list).
• Recommended offer: $201k (3.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Market conditions: 21 active listings in the ZIP; 112 units permitted in Caledonia County in 2024 (15 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $214 appreciation (0.1% local appreciation)).
• Caledonia County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.1% appreciation + 3.0% rent growth), your $59k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $16k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $209k implies a 280% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $201,426 (3.6% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.96% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.79%
• DSCR: 1.21
• GRM: 8.6

CMA / ARV

• ARV (median comp): $452,114
• List price: $209,000
• Delta: -53.77%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
726 White School Rd	0.75mi	3/2.0 (-1)	1,746 (+4%)	20mo	$518,500	$297	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.1% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.17×
• Total profit: $9,750
• Equity at exit: $61,758

10-year hold

• IRR: 8.7%
• Equity multiple: 1.96×
• Total profit: $56,119
• Equity at exit: $75,097

Cash invested: $58,520 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Vermont: 41 Moderately Tenant-Leaning · D+15
• County: — inherits STATE
• City: — inherits STATE

Just-cause in Burlington (2022); strong habitability.

Methodology + full state rankings →

ZIP-level market 05832

• Home prices YoY: 0.1%
• Active inventory: 21
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,014 medium
• Mortgage (P&I): −$1,096
• Tax from tax record: −$175 /mo · $2,094/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $234

Break-even live

Break-even rent $1,719

Max offer price $209,000

Occupancy floor 83%

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   price $209,000 Active 55 DOM
2. 2026-06-18
   days on market $225,000 Active 55 DOM
3. 2026-06-17
   days on market $225,000 Active 54 DOM
4. 2026-06-16
   days on market $225,000 Active 53 DOM
5. 2026-06-15
   days on market $225,000 Active 52 DOM
6. 2026-06-15
   days on market $225,000 Active 51 DOM
7. 2026-06-13
   days on market $225,000 Active 50 DOM
8. 2026-06-12
   days on market $225,000 Active 49 DOM
9. 2026-06-09
   days on market $225,000 Active 46 DOM
10. 2026-06-08
    days on market $225,000 Active 45 DOM
11. 2026-06-08
    days on market $225,000 Active 44 DOM
12. 2026-06-07
    days on market $225,000 Active 43 DOM
13. 2026-06-03
    days on market $225,000 Active 40 DOM
14. 2026-06-02
    days on market $225,000 Active 39 DOM
15. 2026-06-01
    days on market $225,000 Active 38 DOM
16. 2026-05-31
    days on market $225,000 Active 37 DOM
17. 2026-04-23
    listed $225,000 Active 1196-char remark
18. 2024-11-06
    soldstatus $55,000
19. 2020-12-02
    soldstatus $56,000
20. 2019-06-10
    soldstatus $74,500
21. 2019-06-07
    soldstatus $74,500 Closed 392-char remark

    Show marketing remark (392 chars)

    The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

22. 2019-05-08
    soldstatus $74,500
23. 2019-04-23
    historical Active with Contract 392-char remark

    Show marketing remark (392 chars)

    The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

24. 2019-04-14
    status Active 392-char remark

    Show marketing remark (392 chars)

    The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

25. 2018-11-06
    status Pending 392-char remark

    Show marketing remark (392 chars)

    The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

26. 2018-10-01
    listed $74,500 Active 392-char remark

    Show marketing remark (392 chars)

    The dwelling on this property has been vacant for several years and the condition would need to be assessed by any buyer as to its viability. It is a parcel with great exposure to Mt. Biking trails and very close to East Burke Village. The house sits on a plateau near the road and then drops down to all open meadow that has been mowed each year providing good pasture land or tillable soil.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VT · Partial reset (capped growth)

• Current annual tax: $2,094 · $175/mo
• Projected year-2 tax: $3,033 · $253/mo
• Expected delta: +$938/yr (+$78/mo · 44.8%)

ⓘ 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 2/10 Low 8 d/yr ≥85°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $24,171
• − Mortgage interest: −$11,707
• − Property taxes: −$2,094
• − Insurance: −$1,045
• − Repairs & maintenance: −$1,934
• − Management: −$1,934
• − Depreciation: −$6,080
• Taxable loss: −$623
• Est. tax savings @ 24.0%: +$149
• After-tax cash flow: $2,953/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 — Burke

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 1,061

Population outlook (Caledonia County) Hauer SSP2

• Today (2025): 29,828 people
• By 2030: 28,820 · -3.4%
• By 2040: 26,262 · -12.0%
• By 2050: 23,780 · -20.3%
• By 2075: 18,516 · -37.9%
• By 2100: 13,647 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Slovak 6% Lithuanian 6% Romanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 98% English-only · Spanish 1% Other Indo-European 0%

Political lean MEDSL · Caledonia

• 2024 margin: D (+12.4) · D 54.5% · R 42.0% · Other 3.5%
• 2008→2024 swing: -10.8pp toward R · 2008: 23.3pp · 2024: 12.4pp
• All cycles: 2024: D+12.4 2020: D+15.2 2016: D+7.0 2012: D+22.9 2008: D+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.10%
• Current HPI: 225.7794
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+180.5% since first listed

11 events — show timeline

• 2026-06-18 Price Changed $209,000 PrimeMLS
• 2026-04-23 Listed $225,000 PrimeMLS
• 2024-11-06 Sold (Public Records) $55,000 Public Records
• 2020-12-02 Sold (Public Records) $56,000 Public Records
• 2019-06-10 Sold (Public Records) $74,500 Public Records
• 2019-06-07 Sold (MLS) $74,500 PrimeMLS
• 2019-05-08 Sold (Public Records) $74,500 Public Records
• 2019-04-23 Contingent — PrimeMLS
• 2019-04-14 Relisted — PrimeMLS
• 2018-11-06 Pending — PrimeMLS
• 2018-10-01 Listed $74,500 PrimeMLS

Property tax history

-4.8%/yr

Latest (2024): $2,094 · +12.8% YoY. Source: county tax records.