183 Dogwood Dr · Wading River, NY 11792

$624,999

4 bd · 2.5 ba · 1,692 sqft · SingleFamily public records · 29 Days on market

Built 1955 0.75 ac lot Est $641k · at est.

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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 +19.7/30.0
• ARV discount +8.6/15.0
• Schools +7.4/10.0
• DSCR +6.2/10.0
• 1% rule +5.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

Key facts

• Cement patios
• 0.75 acre lot
• 2 garage spots

Tags

• ATTACHED OVERSIZED GARAGE
• LONG PRIVATE DRIVEWAY
• CUSTOM ROCK RETAINING WALLS
• CEMENT PATIOS
• MULTIPLE OUTDOOR SITTING AREAS
• UPDATED CHEFS KITCHEN

Property features AI

Exterior

• Parking: Attached garage; 2-car garage; Private driveway; Private parking
• Utilities: Cesspool sewer; Cable available; Electricity available; Phone available
• Home design: Single family residence; Living area and building area reported from public records
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Kitchen: Range; Refrigerator; Kitchen island; Eat-in and chef's kitchen layout
• Bedrooms: Total rooms: 8 (includes bedrooms and living spaces); Basement present (full, unfinished)
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Hot water heating; Oil heating; No central air conditioning
• Interior features: First-floor bedroom; First-floor full bath; Ceiling fans; Chef's kitchen; Eat-in kitchen; Entrance foyer; Formal dining room; His and hers closets; Kitchen island; Primary bathroom; Master bedroom on main level; Recessed lighting
• Laundry & utility: Washer included

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $625k.

Deal economics

• At list price, monthly cash flow is $736 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $625k).
• Recommended offer: $616k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.8% in Wading River — 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 (#779 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F, cost of living F.
• Shoreham-Wading River Central School District (suburban): math 80% / reading 81% proficiency, ranked #36 of 590 in NY (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical; only 3% free/reduced lunch — higher-income household profile.
• Zoned schools: Miller Avenue School (427 students, 0% FRL); Albert G Prodell Middle School (math 62% / reading 87%, grade A, #61 of 729 statewide, top 9%, 456 students, 0% FRL); Shoreham-Wading River High School (math 98% / reading 84%, grade A+, #203 of 1,100 statewide, top 20%, 708 students, 0% FRL) — zoned schools at 0% FRL track the district average.
• Market conditions: 65 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($616k) is reasonable based on typical stale-listing flexibility.
• 2 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 $500k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $615,624 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.08% ✓
• Cap rate: 7.71%
• Cash-on-cash: 5.04%
• DSCR: 1.22
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $641,268
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31 Remsen Rd	0.23mi	3/2.5 (-1)	1,746 (+3%)	7mo	$625,000	$358	73
3 Russell Dr	0.48mi	3/2.0 (-1)	1,595 (-6%)	10mo	$799,000	$501	53
47 Remsen Rd	0.27mi	3/3.0 (-1)	1,800 (+6%)	24mo	$682,000	$379	50
464 Remsen Rd	0.73mi	3/2.0 (-1)	1,740 (+3%)	14mo	$660,000	$379	42
26 Zophar Mills Rd	0.47mi	3/3.0 (-1)	1,850 (+9%)	16mo	$722,000	$390	42
15 Oliver St	0.54mi	4/2.0	1,922 (+14%)	20mo	$580,000	$302	34

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: -8.4%
• Equity multiple: 0.69×
• Total profit: $-54,157
• Equity at exit: $93,189

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $14,263
• Equity at exit: $54,038

Cash invested: $175,000 (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 11792

• Home prices YoY: -5.2%
• Active inventory: 65
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $6,743 medium
• Mortgage (P&I): −$3,278
• Tax from tax record: −$1,054 /mo · $12,645/yr
• Insurance: −$260
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,416
• Net cashflow: $736

Break-even live

Break-even rent $5,812

Max offer price $624,999

Occupancy floor 84%

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: $156,250
• Closing costs: $18,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
126 Overhill Rd Wading River, NY	3.0	2.5	1600	$7,000	$4.38	1d	1	0.14mi
212 Creek Rd Unit 1510784P Wading River, NY	4.0	3.0	1797	$6,360	$3.54	22d	1	1.18mi
184 Creek Rd Unit 1510783P Wading River, NY	3.0	2.0	1722	$5,010	$2.91	24d	1	1.18mi
76 Creek Rd Unit 1510786P Wading River, NY	5.0	3.5	1786	$6,720	$3.76	22d	1	1.23mi

Listing history 25 events

1. 2026-06-17
   status $624,999 Pending 29 DOM
2. 2026-06-16
   days on market $624,999 Active 29 DOM
3. 2026-06-15
   days on market $624,999 Active 28 DOM
4. 2026-06-13
   days on market $624,999 Active 26 DOM
5. 2026-06-12
   days on market $624,999 Active 25 DOM
6. 2026-06-09
   days on market $624,999 Active 22 DOM
7. 2026-06-08
   days on market $624,999 Active 21 DOM
8. 2026-06-07
   days on market $624,999 Active 20 DOM
9. 2026-06-07
   days on market $624,999 Active 19 DOM
10. 2026-06-04
    days on market $624,999 Active 16 DOM
11. 2026-06-02
    days on market $624,999 Active 15 DOM
12. 2026-06-01
    days on market $624,999 Active 14 DOM
13. 2026-05-31
    days on market $624,999 Active 13 DOM
14. 2026-05-06
    listed $624,999 Active
15. 2023-02-08
    soldstatus $500,000
16. 2022-11-22
    soldstatus $500,000 Closed 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

17. 2022-10-12
    status Pending 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

18. 2022-10-12
    historical 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

19. 2022-08-29
    price $499,888 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

20. 2022-08-22
    price $510,000 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

21. 2022-08-20
    price $519,000 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

22. 2022-08-01
    listed $529,888 Active 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

23. 2022-07-30
    historical $529,888 750-char remark

    Show marketing remark (750 chars)

    Welcome To 183 Dogwood Drive! This Beautiful Cape Is Nestled On A 0.75 Acre Lot On A Private Cul-De-Sac. Complete with 3 Bedrooms, 2.5 Baths. Open Floor Plan. Spacious Kitchen with Granite Counters, Stainless Steel Appliances And Wolfe Stove To Prepare Delicious Meals! Pergo & Hardwood Floors Throughout. Primary Bedroom with Dressing Room. Full Partially Finished Basement with Bilco Doors. 2 Car Garage with Loft & Rear Shed/Storage. Enjoy Outdoor BBQ's On Your Patio with Beautiful Custom Stone. If You're Looking For A Huge Backyard Then This Is The Home For You! Desirable Shoreham-Wading River School District. Stop Reading This And Just Call For An Appointment! You Won't Be Disappointed!, Additional information: Appearance:Excellent

24. 2021-11-08
    soldstatus $442,000
25. 1988-01-29
    soldstatus $164,000

ⓘ 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: $12,645 · $1,054/mo
• Projected year-2 tax: $12,645 · $1,054/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 4/10 Moderate 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $80,922
• − Mortgage interest: −$35,010
• − Property taxes: −$12,645
• − Insurance: −$3,125
• − Repairs & maintenance: −$6,474
• − Management: −$6,474
• − Depreciation: −$18,182
• Taxable loss: −$987
• Est. tax savings @ 24.0%: +$237
• After-tax cash flow: $9,064/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: Shoreham-Wading River Central School District
• NCES district ID: 3626840
• Math proficiency: 80% ▼ -1.00%
• Reading proficiency: 81% ▲ 6.00%
• Median HH income: $115,782
• Composite: 74.37/100
• National rank: #160
• State rank: #36 of 590 in NY

Livability — Wading River

• Score: 64/100
• State rank: #779
• US rank: #14836

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wading River, NY
• City population: 8,562
• Population (ZIP): 8,562

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 10% Two or more races 4% Black 1%
• Hispanic origin (detail): Dominican 1%
• Common ancestry: Romanian 4% Portuguese 2% Italian 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.79%
• Current HPI: 344.4308
• 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

+281.1% since first listed

12 events — show timeline

• 2026-05-06 Listed $624,999 OneKey® MLS as Distributed by MLS Grid
• 2023-02-08 Sold (Public Records) $500,000 Public Records
• 2022-11-22 Sold (MLS) $500,000 OneKey® MLS as Distributed by MLS Grid
• 2022-10-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-10-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-08-29 Price Changed $499,888 OneKey® MLS as Distributed by MLS Grid
• 2022-08-22 Price Changed $510,000 OneKey® MLS as Distributed by MLS Grid
• 2022-08-20 Price Changed $519,000 OneKey® MLS as Distributed by MLS Grid
• 2022-08-01 Listed $529,888 OneKey® MLS as Distributed by MLS Grid
• 2022-07-30 Coming Soon $529,888 OneKey® MLS as Distributed by MLS Grid
• 2021-11-08 Sold (Public Records) $442,000 Public Records
• 1988-01-29 Sold (Public Records) $164,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $12,645 · +0.0% YoY. Source: county tax records.