75 Paige St St · Owego, NY 13827

$99,000

2 bd · 1.5 ba · 1,344 sqft · SingleFamily public records · 4 Days on market

Built 1920 2,178 sqft lot Est $137k · 28% under

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Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +9.1/10.0
• 1% rule +8.5/10.0
• Schools +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Why RENT when you can OWN your own home?! This 3 bedroom, 1.5 bath home offers affordable living with it's lower taxes and could be a fantastic investment opportunity to add to your portfolio. Mere minutes away from Downtown Owego, this home includes a newer Furnace/Water Heater (Oct 2023), new front porch (2024) and off-street parking.

Key facts

• Half bath
• Newer furnace
• Front porch

Tags

• MAIN FLOOR BEDROOM
• HALF BATH
• NEWER FURNACE
• HOT WATER HEATER
• FRONT PORCH
• EASY TO MAINTAIN YARD

Property features AI

Finance

• Other: Property listed by EXIT REALTY HOMEWARD BOUND

Exterior

• Parking: No on-site parking listed
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels
• Construction: Aluminum siding
• Exterior features: Covered porch; Level lot

Interior

• Kitchen: Range; Free-standing range; Refrigerator
• Bedrooms: Total of 8 rooms (bedroom count not specified)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Wall/window air conditioning units
• Interior features: Range; Free-standing range; Gas water heater; Refrigerator
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 11.6% vs local median 5.3% in Owego — 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 76/100 on livability (#214 in NY, #3,289 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, commute F.
• Owego-Apalachin Central School District (town): math 62% / reading 62% proficiency, ranked #204 of 590 in NY (top 35%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Owego Elementary School (math 72% / reading 67%, grade A-, #447 of 2,108 statewide, top 24%, 486 students, 53% FRL); Owego-Apalachin Middle School (math 36% / reading 57%, grade D+, #330 of 729 statewide, top 46%, 443 students, 45% FRL); Owego Free Academy (math 98% / reading 75%, grade A, #342 of 1,100 statewide, top 31%, 606 students, 41% FRL).
• Market conditions: 65 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 139 units permitted in Tioga County in 2024 (65 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($684 loan paydown + $8k appreciation (8.1% local appreciation)).
• Tioga County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.1% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 24y 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 $78k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,000

Questions for the listing agent

1. Built in 1920 — 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. 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.
4. 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.
5. 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: 1.35% ✓
• Cap rate: 11.58%
• Cash-on-cash: 18.90%
• DSCR: 1.84
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $137,088
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
75 Paige St	0.00mi	3/1.5 (+1)	1,344 (0%)	14mo	$78,000	$58	84
113 Spencer Ave Ave	0.13mi	3/1.5 (+1)	1,264 (-6%)	4mo	$93,500	$74	76
4 West Ave	0.40mi	3/1.0 (+1)	1,368 (+2%)	4mo	$75,000	$55	68
249 Erie St	0.30mi	3/1.5 (+1)	1,416 (+5%)	7mo	$145,000	$102	66
105 Chestnut St	0.17mi	3/1.0 (+1)	1,488 (+11%)	12mo	$80,000	$54	58
55 William St	0.72mi	2/1.0	1,256 (-6%)	2mo	$164,500	$131	52
14 Orchard Ave	0.67mi	3/1.5 (+1)	1,400 (+4%)	9mo	$222,000	$159	49
10 John St	0.36mi	3/1.5 (+1)	1,486 (+11%)	14mo	$168,000	$113	49
95 West Ave	0.67mi	3/1.0 (+1)	1,366 (+2%)	17mo	$99,000	$72	45
527 E Main St	0.67mi	2/1.5	1,469 (+9%)	11mo	$175,000	$119	44

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

Projected returns pro-forma

8.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.0%
• Equity multiple: 3.50×
• Total profit: $69,248
• Equity at exit: $75,941

10-year hold

• IRR: 31.1%
• Equity multiple: 7.50×
• Total profit: $180,244
• Equity at exit: $151,441

Cash invested: $27,720 (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 13827

• Home prices YoY: 3.2%
• Active inventory: 65
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,334 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$57 /mo · $681/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $437

Break-even live

Break-even rent $781

Max offer price $99,000

Occupancy floor 62%

Sensitivity live

Price	-10% $493	-5% $465	+0% $437	+5% $408	+10% $380
Rent	-10% $331	-5% $384	+0% $437	+5% $489	+10% $542
Rate	-1.0pp $486	-0.5pp $462	base $437	+0.5pp $411	+1.0pp $385

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
81 North Ave Unit 2 Owego, NY	2.0	1.0	1000	$1,300	$1.30	45d	1	0.28mi
54 Central Ave #2 Owego, NY	1.0	1.0	915	$1,375	$1.50	23d	1	0.32mi

Listing history 4 events

1. 2026-06-21
   days on market $99,000 Active 4 DOM
2. 2026-06-19
   days on market $99,000 Active 2 DOM
3. 2026-06-17
   remarks 299-char remark
4. 2026-06-17
   listed $99,000 Active 1 DOM

ⓘ 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: $681 · $57/mo
• Projected year-2 tax: $1,177 · $98/mo
• Expected delta: +$496/yr (+$41/mo · 72.9%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥94°F today · 17 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: $16,005
• − Mortgage interest: −$5,546
• − Property taxes: −$681
• − Insurance: −$495
• − Repairs & maintenance: −$1,280
• − Management: −$1,280
• − Depreciation: −$2,880
• Taxable income: $3,843
• Est. tax owed @ 24.0%: −$922
• After-tax cash flow: $4,316/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: Owego-Apalachin Central School District
• NCES district ID: 3622170
• Math proficiency: 62% ▼ -1.00%
• Reading proficiency: 62% ▲ 6.00%
• Median HH income: $57,425
• Composite: 53.45/100
• National rank: #1464
• State rank: #204 of 590 in NY

Livability — Owego

• Score: 76/100
• State rank: #214
• US rank: #3289

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Owego, NY
• Population (ZIP): 11,713

Population outlook (Tioga County) Hauer SSP2

• Today (2025): 45,155 people
• By 2030: 42,801 · -5.2%
• By 2040: 37,960 · -15.9%
• By 2050: 33,071 · -26.8%
• By 2075: 24,144 · -46.5%
• By 2100: 16,545 · -63.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 5% Lithuanian 3% Iranian 2%
• Foreign-born: 2% · China
• Languages at home: 97% English-only · Spanish 1% Chinese 1% German/W. Germanic 1%

Political lean MEDSL · Tioga

• 2024 margin: Strong R (+22.9) · D 38.6% · R 61.4%
• 2008→2024 swing: -12.7pp toward R · 2008: -10.2pp · 2024: -22.9pp
• All cycles: 2024: R+22.9 2020: R+20.6 2016: R+27.6 2012: R+15.1 2008: R+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.11%
• Current HPI: 259.9605
• 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

+825.2% since first listed

14 events — show timeline

• 2026-06-17 Listed $99,000 GBAOR
• 2025-08-29 Price Changed $96,000 GBAOR
• 2025-07-16 Listed $99,000 GBAOR
• 2025-05-02 Sold (Public Records) $78,000 Public Records
• 2025-05-01 Sold (MLS) $78,000 GBAOR
• 2025-04-04 Pending — GBAOR
• 2025-03-20 Price Changed $84,900 GBAOR
• 2025-02-25 Listed $89,900 GBAOR
• 2022-10-14 Price Changed $49,500 GBAOR
• 2022-10-10 Relisted — GBAOR
• 2022-09-20 Listed $58,500 GBAOR
• 2005-09-07 Sold (Public Records) $22,000 Public Records
• 2002-07-03 Listed $40,900 GBAOR
• 1996-12-17 Sold (Public Records) $10,700 Public Records

Property tax history

-8.4%/yr

Latest (2025): $681 · -66.5% YoY. Source: county tax records.