709 Calvert St · Rome, NY 13440

$149,900

3 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 21 Days on market

Built 1910 4,792 sqft lot Est $144k · at est.

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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).

• Cash flow +14.9/30.0
• ARV discount +5.6/15.0
• DSCR +4.6/10.0
• 1% rule +3.9/10.0
• Schools +3.5/10.0
• 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

NEW FURNACE, ROOF, WATER HEATER, BATHROOM, FLOORS, AND A DOOR. MANY UPDATES HAVE BEEN MADE

Key facts

• Covered front porch
• Original woodwork
• Fully fenced yard

Tags

• COVERED FRONT PORCH
• FULLY FENCED YARD
• DETACHED GARAGE
• HARDWOOD FLOORS
• ORIGINAL WOODWORK
• ORIGINAL DECORATIVE CEILINGS

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: High-speed internet available; Public water connected; Sewer connected; Circuit breaker electric
• Home design: 2 stories; Existing construction
• Construction: Composite siding; Blown-in insulation; Asphalt roof; Block foundation; Resale condition
• Exterior features: Fully fenced yard; Gravel driveway; Open porch

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Refrigerator; Eat-in kitchen
• Bedrooms: Total of 7 rooms including laundry (bedroom count not specified)
• Flooring: Hardwood; Laminate; Tile; Varies
• Bathrooms: 1 full bathroom
• Heating & cooling: Gas forced-air heating; Central air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen; Living/dining room; Natural woodwork
• Laundry & utility: Washer; Dryer; Laundry located in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $44 ($522/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 $134k (10.8% below list).
• Recommended offer: $134k (10.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#722 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Rome City School District (town): math 35% / reading 46% proficiency, ranked #516 of 590 in NY (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 272 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 204 units permitted in Oneida County in 2024 (68 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 $4k of value loss. Plan a longer hold.
• Oneida County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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 $72k; list at $150k implies a 108% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $133,732 (10.8% below list)

Questions for the listing agent

1. Built in 1910 — 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 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.24%
• DSCR: 1.06
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $143,748
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
533 W Embargo St	0.41mi	2/2.0 (-1)	1,122 (-6%)	2mo	$136,210	$121	61
417 W Park St	0.43mi	2/1.0 (-1)	1,156 (-3%)	16mo	$85,000	$74	57
214-216 Hamilton St	0.65mi	3/1.0	1,264 (+6%)	3mo	$182,380	$144	57
623 W Thomas St	0.52mi	3/1.5	1,327 (+12%)	2mo	$174,900	$132	53
318 Matthew St	0.56mi	3/1.5	1,150 (-3%)	20mo	$150,000	$130	50
411 Expense St	0.48mi	3/1.5	1,326 (+12%)	14mo	$118,450	$89	44
1015 W Liberty St	0.59mi	3/1.0	1,276 (+7%)	20mo	$91,117	$71	44
633 W Thomas St	0.54mi	2/1.0 (-1)	1,365 (+15%)	8mo	$127,200	$93	38
743 W Bloomfield St	0.65mi	3/1.0	1,010 (-15%)	8mo	$157,000	$155	38
215 Hamilton St	0.67mi	2/2.0 (-1)	1,236 (+4%)	22mo	$130,000	$105	35

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-21,513
• Equity at exit: $22,351

10-year hold

• IRR: -5.6%
• Equity multiple: 0.64×
• Total profit: $-15,139
• Equity at exit: $12,961

Cash invested: $41,972 (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 13440

• Home prices YoY: -8.0%
• Active inventory: 272
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,337 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$164 /mo · $1,973/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $44

Break-even live

Break-even rent $1,282

Max offer price $149,900

Occupancy floor 92%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1027 Elwood St Rome, NY	3.0	2.0	1200	$1,500	$1.25	44d	1	0.61mi
183 W Dominick St Rome, NY	1.0–2.0	1.0	845	$904	$1.07	44d	1	0.75mi
149 River St Unit 2 Rome, NY	3.0	1.0	1160	$1,500	$1.29	44d	1	1.09mi

Listing history 21 events

1. 2026-06-18
   days on market $149,900 Active 21 DOM
2. 2026-06-17
   days on market $149,900 Active 20 DOM
3. 2026-06-16
   days on market $149,900 Active 19 DOM
4. 2026-06-15
   days on market $149,900 Active 18 DOM
5. 2026-06-13
   days on market $149,900 Active 16 DOM
6. 2026-06-12
   days on market $149,900 Active 15 DOM
7. 2026-06-09
   days on market $149,900 Active 12 DOM
8. 2026-06-08
   days on market $149,900 Active 11 DOM
9. 2026-06-07
   days on market $149,900 Active 10 DOM
10. 2026-06-07
    days on market $149,900 Active 9 DOM
11. 2026-06-04
    days on market $149,900 Active 6 DOM
12. 2026-06-02
    days on market $149,900 Active 5 DOM
13. 2026-06-01
    days on market $149,900 Active 4 DOM
14. 2026-05-31
    days on market $149,900 Active 3 DOM
15. 2026-05-28
    listed $149,900 Active
16. 2014-05-31
    historical
17. 2014-01-29
    listed $69,900
18. 2008-10-16
    soldstatus $72,000 90-char remark

    Show marketing remark (90 chars)

    NEW FURNACE, ROOF, WATER HEATER, BATHROOM, FLOORS, AND A DOOR. MANY UPDATES HAVE BEEN MADE

19. 2008-10-16
    soldstatus $72,000

    Show marketing remark (90 chars)

    NEW FURNACE, ROOF, WATER HEATER, BATHROOM, FLOORS, AND A DOOR. MANY UPDATES HAVE BEEN MADE

20. 2008-07-17
    listed $72,000 90-char remark

    Show marketing remark (90 chars)

    NEW FURNACE, ROOF, WATER HEATER, BATHROOM, FLOORS, AND A DOOR. MANY UPDATES HAVE BEEN MADE

21. 2008-03-25
    soldstatus $26,000

ⓘ 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: $1,973 · $164/mo
• Projected year-2 tax: $2,253 · $188/mo
• Expected delta: +$280/yr (+$23/mo · 14.2%)

ⓘ 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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,048
• − Mortgage interest: −$8,397
• − Property taxes: −$1,973
• − Insurance: −$750
• − Repairs & maintenance: −$1,284
• − Management: −$1,284
• − Depreciation: −$4,361
• Taxable loss: −$2,000
• Est. tax savings @ 24.0%: +$480
• After-tax cash flow: $1,002/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: Rome City School District
• NCES district ID: 3624900
• Math proficiency: 35% ▼ -4.00%
• Reading proficiency: 46% ▲ 10.00%
• Median HH income: $46,406
• Composite: 34.52/100
• National rank: #5178
• State rank: #516 of 590 in NY

Livability — Rome

• Score: 64/100
• State rank: #722
• US rank: #13676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rome, NY
• City population: 41,418
• Population (ZIP): 41,273

Population outlook (Oneida County) Hauer SSP2

• Today (2025): 225,223 people
• By 2030: 220,384 · -2.1%
• By 2040: 209,071 · -7.2%
• By 2050: 197,920 · -12.1%
• By 2075: 175,541 · -22.1%
• By 2100: 148,491 · -34.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Oneida

• 2024 margin: Strong R (+21.3) · D 39.4% · R 60.6%
• 2008→2024 swing: -15.2pp toward R · 2008: -6.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+15.5 2016: R+21.1 2012: R+5.3 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.58%
• Current HPI: 339.3589
• 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

+476.5% since first listed

7 events — show timeline

• 2026-05-28 Listed $149,900 CNYIS
• 2014-05-31 Listing Removed — CNYIS
• 2014-01-29 Listed $69,900 CNYIS
• 2008-10-16 Sold (Public Records) $72,000 Public Records
• 2008-10-16 Sold (MLS) $72,000 CNYIS
• 2008-07-17 Listed $72,000 CNYIS
• 2008-03-25 Sold (Public Records) $26,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,973 · +42.9% YoY. Source: county tax records.