35 Banta Ln · Cairo, NY 12413

$350,000

6 bd · 3.0 ba · 1,400 sqft · MultiFamily public records · 172 Days on market

Built 1992 0.74 ac lot $250/sqft · 40% below area

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Why this score? — see what drove the D 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).

• Appreciation +10.0/10.0
• Cash flow +8.4/30.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +3.2/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

RARE FIND - MULTI GENERATIONAL/2-FAMILY HOME that is handicap accessible on a private road on a quiet cul-de-sac in the Northern Catskills/Hudson Valley region. Close to all the amenities that make this such a desirable place to live or vacation. The area is close to 18-hole golf courses, skiing, swim holes, water park, farmers markets, hiking & biking trails and a stone's throw away from East Durham, Windham, Hunter, Saugerties & Hudson and its many resorts and restaurants. There is so much to explore and appreciate. First flat boasts a primary suits with walk-in tub, 2 additional good sized bedrooms, a full second bathroom, kitchen, living room & bathroom. Located on a . 74 acre parcel with a fenced in yard and an additional area with a fire pit and a delicious pear tree. The amenities include central air & chair lift. This charmer also has solar panels, LeafFilter Gutter Guards with a lifetime guarantee, ramp into the first apartment, Doggie door and so much more. There are 2 garages - a two-car and a new single vehicle garage on either side of the home. Newer windows and a sliding door out to the deck. Most of the upgrades were done in 2024. The layout of this home works beautifully as a multi-generational home, an investment property, Airbnb or whatever suits your needs. There is a constant demand for rentals. This could be the money maker you have been searching for. There is nothing like this on the market. Don't miss out!.

Key facts

• Quiet cul-de-sac
• Fenced yard
• Solar panels

Tags

• QUIET CUL-DE-SAC
• PRIMARY SUITE WITH WALK-IN TUB
• CENTRAL AIR
• SOLAR PANELS
• LEAFFILTER GUTTER GUARDS
• FENCED YARD

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $-312 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $295k (15.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $274k (21.7% below list).
• Recommended offer: $274k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 2.9% in Cairo — 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 (#755 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living B+; Watch: schools D-, amenities F, commute F.
• Cairo-Durham Central School District (rural): math 41% / reading 48% proficiency, ranked #470 of 590 in NY (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 62 active listings in the ZIP; 97 units permitted in Greene County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• Greene County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 172 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $285k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $273,900 (21.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 172 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.22%
• Cash-on-cash: -3.82%
• DSCR: 0.83
• GRM: 10.6

CMA / ARV

• ARV (median comp): $1,171,778
• List price: $350,000
• Delta: -70.13%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 21.6%
• Equity multiple: 2.74×
• Total profit: $170,846
• Equity at exit: $315,308

10-year hold

• IRR: 19.5%
• Equity multiple: 6.29×
• Total profit: $518,874
• Equity at exit: $679,973

Cash invested: $98,000 (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 12413

• Active inventory: 62
• Price-to-rent: 21.3×

Monthly cashflow live

• Estimated rent: $2,739 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$494 /mo · $5,930/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$575
• Net cashflow: $-312

Break-even live

Break-even rent $3,134

Max offer price $294,945

Occupancy floor —

Sensitivity live

Price	-10% $-114	-5% $-213	+0% $-312	+5% $-411	+10% $-510
Rent	-10% $-528	-5% $-420	+0% $-312	+5% $-203	+10% $-95
Rate	-1.0pp $-135	-0.5pp $-223	base $-312	+0.5pp $-402	+1.0pp $-495

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,738
Total (2 units)			$2,739

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-06
   price $350,000 1481-char remark

   Show marketing remark (1481 chars)

   RARE FIND - MULTI GENERATIONAL/2-FAMILY HOME that is handicap accessible on a private road on a quiet cul-de-sac in the Northern Catskills/Hudson Valley region. Close to all the amenities that make this such a desirable place to live or vacation. The area is close to 18-hole golf courses, skiing, swim holes, water park, farmers markets, hiking & biking trails and a stone's throw away from East Durham, Windham, Hunter, Saugerties & Hudson and its many resorts and restaurants. There is so much to explore and appreciate. First flat boasts a primary suits with walk-in tub, 2 additional good sized bedrooms, a full second bathroom, kitchen, living room & bathroom. Located on a . 74 acre parcel with a fenced in yard and an additional area with a fire pit and a delicious pear tree. The amenities include central air & chair lift. This charmer also has solar panels, LeafFilter Gutter Guards with a lifetime guarantee, ramp into the first apartment, Doggie door and so much more. There are 2 garages - a two-car and a new single vehicle garage on either side of the home. Newer windows and a sliding door out to the deck. Most of the upgrades were done in 2024. The layout of this home works beautifully as a multi-generational home, an investment property, Airbnb or whatever suits your needs. There is a constant demand for rentals. This could be the money maker you have been searching for. There is nothing like this on the market. Don't miss out!.

2. 2026-03-13
   price $350,000 749-char remark

   Show marketing remark (749 chars)

   Multi-Generational/2-Family Home in the Northern Catskills/Hudson Valley. Handicap accessible and tucked away on a quiet cul-de-sac, this versatile home is perfect for full-time living, vacationing, or investment. Just minutes from golf, skiing, hiking, swim holes, water park. Set on a .74-acre lot, the main level includes a primary suite with walk-in tub, two additional bedrooms, two full baths, kitchen, and living room. Features include central air, solar panels, LeafFilter Gutter Guards, a chair lift, ramp, doggie door, and fenced yard with fire pit and pear tree. Two garages (2-car + new single), newer windows, sliding door to deck, and 2024 updates throughout. Ideal for multi-gen living, Airbnb, or rental income—demand is high.

3. 2026-03-12
   price $350,000
4. 2026-01-24
   price $365,000
5. 2025-12-05
   listed $365,000 Active 749-char remark

   Show marketing remark (749 chars)

   Multi-Generational/2-Family Home in the Northern Catskills/Hudson Valley. Handicap accessible and tucked away on a quiet cul-de-sac, this versatile home is perfect for full-time living, vacationing, or investment. Just minutes from golf, skiing, hiking, swim holes, water park. Set on a .74-acre lot, the main level includes a primary suite with walk-in tub, two additional bedrooms, two full baths, kitchen, and living room. Features include central air, solar panels, LeafFilter Gutter Guards, a chair lift, ramp, doggie door, and fenced yard with fire pit and pear tree. Two garages (2-car + new single), newer windows, sliding door to deck, and 2024 updates throughout. Ideal for multi-gen living, Airbnb, or rental income—demand is high.

6. 2025-12-03
   price $365,000 1481-char remark

   Show marketing remark (1481 chars)

   RARE FIND - MULTI GENERATIONAL/2-FAMILY HOME that is handicap accessible on a private road on a quiet cul-de-sac in the Northern Catskills/Hudson Valley region. Close to all the amenities that make this such a desirable place to live or vacation. The area is close to 18-hole golf courses, skiing, swim holes, water park, farmers markets, hiking & biking trails and a stone's throw away from East Durham, Windham, Hunter, Saugerties & Hudson and its many resorts and restaurants. There is so much to explore and appreciate. First flat boasts a primary suits with walk-in tub, 2 additional good sized bedrooms, a full second bathroom, kitchen, living room & bathroom. Located on a . 74 acre parcel with a fenced in yard and an additional area with a fire pit and a delicious pear tree. The amenities include central air & chair lift. This charmer also has solar panels, LeafFilter Gutter Guards with a lifetime guarantee, ramp into the first apartment, Doggie door and so much more. There are 2 garages - a two-car and a new single vehicle garage on either side of the home. Newer windows and a sliding door out to the deck. Most of the upgrades were done in 2024. The layout of this home works beautifully as a multi-generational home, an investment property, Airbnb or whatever suits your needs. There is a constant demand for rentals. This could be the money maker you have been searching for. There is nothing like this on the market. Don't miss out!.

7. 2025-12-02
   historical
8. 2025-12-01
   historical
9. 2025-07-14
   listed $385,000 Active
10. 2025-07-03
    listed $385,000 Active 1481-char remark

    Show marketing remark (1481 chars)

    RARE FIND - MULTI GENERATIONAL/2-FAMILY HOME that is handicap accessible on a private road on a quiet cul-de-sac in the Northern Catskills/Hudson Valley region. Close to all the amenities that make this such a desirable place to live or vacation. The area is close to 18-hole golf courses, skiing, swim holes, water park, farmers markets, hiking & biking trails and a stone's throw away from East Durham, Windham, Hunter, Saugerties & Hudson and its many resorts and restaurants. There is so much to explore and appreciate. First flat boasts a primary suits with walk-in tub, 2 additional good sized bedrooms, a full second bathroom, kitchen, living room & bathroom. Located on a . 74 acre parcel with a fenced in yard and an additional area with a fire pit and a delicious pear tree. The amenities include central air & chair lift. This charmer also has solar panels, LeafFilter Gutter Guards with a lifetime guarantee, ramp into the first apartment, Doggie door and so much more. There are 2 garages - a two-car and a new single vehicle garage on either side of the home. Newer windows and a sliding door out to the deck. Most of the upgrades were done in 2024. The layout of this home works beautifully as a multi-generational home, an investment property, Airbnb or whatever suits your needs. There is a constant demand for rentals. This could be the money maker you have been searching for. There is nothing like this on the market. Don't miss out!.

11. 2025-07-03
    listed $385,000 Active

    Show marketing remark (1481 chars)

    RARE FIND - MULTI GENERATIONAL/2-FAMILY HOME that is handicap accessible on a private road on a quiet cul-de-sac in the Northern Catskills/Hudson Valley region. Close to all the amenities that make this such a desirable place to live or vacation. The area is close to 18-hole golf courses, skiing, swim holes, water park, farmers markets, hiking & biking trails and a stone's throw away from East Durham, Windham, Hunter, Saugerties & Hudson and its many resorts and restaurants. There is so much to explore and appreciate. First flat boasts a primary suits with walk-in tub, 2 additional good sized bedrooms, a full second bathroom, kitchen, living room & bathroom. Located on a . 74 acre parcel with a fenced in yard and an additional area with a fire pit and a delicious pear tree. The amenities include central air & chair lift. This charmer also has solar panels, LeafFilter Gutter Guards with a lifetime guarantee, ramp into the first apartment, Doggie door and so much more. There are 2 garages - a two-car and a new single vehicle garage on either side of the home. Newer windows and a sliding door out to the deck. Most of the upgrades were done in 2024. The layout of this home works beautifully as a multi-generational home, an investment property, Airbnb or whatever suits your needs. There is a constant demand for rentals. This could be the money maker you have been searching for. There is nothing like this on the market. Don't miss out!.

12. 2025-07-01
    listed $385,000 Active
13. 2023-05-15
    soldstatus $285,000
14. 2023-02-28
    soldstatus $285,000
15. 2022-09-20
    listed $289,000

ⓘ 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: $5,930 · $494/mo
• Projected year-2 tax: $5,930 · $494/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $32,868
• − Mortgage interest: −$19,605
• − Property taxes: −$5,930
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,629
• − Management: −$2,629
• − Depreciation: −$10,182
• Taxable loss: −$9,858
• Est. tax savings @ 24.0%: +$2,366
• After-tax cash flow: $-1,374/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: Cairo-Durham Central School District
• NCES district ID: 3606160
• Math proficiency: 41% ▼ -3.00%
• Reading proficiency: 48% ▲ 8.00%
• Median HH income: $46,192
• Composite: 37.84/100
• National rank: #4330
• State rank: #470 of 590 in NY

Livability — Cairo

• Score: 64/100
• State rank: #755
• US rank: #14433

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 3,406
• Population (ZIP): 3,406

Population outlook (Greene County) Hauer SSP2

• Today (2025): 44,963 people
• By 2030: 43,126 · -4.1%
• By 2040: 38,756 · -13.8%
• By 2050: 34,913 · -22.4%
• By 2075: 28,156 · -37.4%
• By 2100: 22,296 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Iranian 4% Romanian 4% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 2%

Political lean MEDSL · Greene

• 2024 margin: R (+17.0) · D 41.5% · R 58.5%
• 2008→2024 swing: -7.1pp toward R · 2008: -9.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+15.6 2016: R+27.4 2012: R+11.1 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 140.58%
• Current HPI: 406.4299
• 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

+21.1% since first listed

15 events — show timeline

• 2026-05-06 Price Changed $350,000 HVCRMLS
• 2026-03-13 Price Changed $350,000 Global MLS
• 2026-03-12 Price Changed $350,000 HVCRMLS
• 2026-01-24 Price Changed $365,000 HVCRMLS
• 2025-12-05 Listed $365,000 Global MLS
• 2025-12-03 Price Changed $365,000 HVCRMLS
• 2025-12-02 Listing Removed — Global MLS
• 2025-12-01 Listing Removed — Global MLS
• 2025-07-14 Listed $385,000 Global MLS
• 2025-07-03 Listed $385,000 HVCRMLS
• 2025-07-03 Listed $385,000 Global MLS
• 2025-07-01 Listed $385,000 HVCRMLS
• 2023-05-15 Sold (Public Records) $285,000 Public Records
• 2023-02-28 Sold (MLS) $285,000 HVCRMLS
• 2022-09-20 Listed $289,000 HVCRMLS

Property tax history

+1.5%/yr

Latest (2025): $5,930 · +4.3% YoY. Source: county tax records.