6057 Gulick Rd · Honeoye, NY 14512

$79,900

1 bd · 1.0 ba · 700 sqft · SingleFamily public records · 9 Days on market

Built 1950 5.00 ac lot $114/sqft · 52% below area

---

Why this score? — see what drove the B- 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 +27.4/30.0
• DSCR +9.6/10.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• 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

Tucked away on 5 wooded acres in the heart of the Finger Lakes, this private 2-bedroom cabin offers the kind of escape people spend all year searching for—paired with the rare opportunity to create something truly special. This is a handyman special with incredible potential, ideal for someone ready to bring vision, creativity, and sweat equity. Whether you’re an investor, a weekend renovator, or someone dreaming of crafting a one-of-a-kind retreat, this property is an amazing opportunity to transform a hidden gem into something unforgettable. The setting is where this property truly shines. Wake up to the sounds of nature, enjoy your morning coffee overlooking your own pond, and step outside to explore the surrounding beauty. Directly across the road, Wesley Hill Nature Preserve offers hiking and sweeping views, while the RMSC Cumming Nature Center is just minutes away for year-round outdoor experiences. In the warmer months, you’re just a short drive to Honeoye Lake State Boat Launch for boating and lakeside relaxation. When winter arrives, take advantage of nearby skiing at Bristol Mountain Ski Resort and Hunt Hollow Ski Club—making this a true four-season destination. Despite its private, tucked-away feel, you’re conveniently located near both Honeoye and Naples for restaurants, wineries, breweries, and everyday essentials. The existing 2-bedroom, 1-bath cabin provides a starting point—but make no mistake, this property needs significant work. For the right buyer, that’s exactly where the opportunity lies. With the right vision, this could become an incredible short-term rental/Airbnb, a high-demand Finger Lakes getaway, or your own private escape in nature. Properties with this much land, privacy, and location upside don’t come along often—especially with this level of potential. Bring your ideas, your tools, and your imagination—this is your chance to build something truly special in one of the most sought-after regions of New York. Delayed Negotiations Wed 5/20 at Noon.

Key facts

• Private cabin
• 5 wooded acres
• 5 acre lot

Tags

• 5 WOODED ACRES
• PRIVATE CABIN
• OVERLOOKING YOUR OWN POND

Property features AI

Finance

• HOA & community: Trails/paths nearby

Exterior

• Parking: No garage
• Utilities: Well water; Septic tank; Electricity available and connected (circuit breakers)
• Home design: Single-story home; Existing construction
• Construction: Wood siding; Copper and PEX plumbing; Block foundation; Asphalt roof
• Exterior features: Gravel driveway; Private yard; Wooded lot; See remarks

Interior

• Kitchen: Electric water heater
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Electric heating; Hot water heating; Wall furnace
• Interior features: Accessible doors; Den; Kitchen and family room combined

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 9.8% vs local median 0.8% in Honeoye — 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 63/100 on livability (#790 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, employment B+, cost of living B+; Watch: crime F, amenities F, commute F.
• Naples Central School District (rural): math 51% / reading 61% proficiency, ranked #292 of 590 in NY (top 50%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 51 active listings in the ZIP; 284 units permitted in Ontario County in 2024 (69 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ontario County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.37% ✓
• Cap rate: 9.82%
• Cash-on-cash: 12.59%
• DSCR: 1.56
• GRM: 6.1

CMA / ARV

• ARV (median comp): $167,127
• List price: $79,900
• Delta: -52.19%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 2.4%
• Equity multiple: 1.09×
• Total profit: $2,068
• Equity at exit: $11,913

10-year hold

• IRR: 12.0%
• Equity multiple: 1.95×
• Total profit: $21,313
• Equity at exit: $6,908

Cash invested: $22,372 (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 14512

• Home prices YoY: -4.3%
• Active inventory: 51
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,094 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$178 /mo · $2,131/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $235

Break-even live

Break-even rent $797

Max offer price $79,900

Occupancy floor 74%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-14
   listed $79,900 Active 2071-char remark

   Show marketing remark (2071 chars)

   Tucked away on 5 wooded acres in the heart of the Finger Lakes, this private 2-bedroom cabin offers the kind of escape people spend all year searching for—paired with the rare opportunity to create something truly special. This is a handyman special with incredible potential, ideal for someone ready to bring vision, creativity, and sweat equity. Whether you’re an investor, a weekend renovator, or someone dreaming of crafting a one-of-a-kind retreat, this property is an amazing opportunity to transform a hidden gem into something unforgettable. The setting is where this property truly shines. Wake up to the sounds of nature, enjoy your morning coffee overlooking your own pond, and step outside to explore the surrounding beauty. Directly across the road, Wesley Hill Nature Preserve offers hiking and sweeping views, while the RMSC Cumming Nature Center is just minutes away for year-round outdoor experiences. In the warmer months, you’re just a short drive to Honeoye Lake State Boat Launch for boating and lakeside relaxation. When winter arrives, take advantage of nearby skiing at Bristol Mountain Ski Resort and Hunt Hollow Ski Club—making this a true four-season destination. Despite its private, tucked-away feel, you’re conveniently located near both Honeoye and Naples for restaurants, wineries, breweries, and everyday essentials. The existing 2-bedroom, 1-bath cabin provides a starting point—but make no mistake, this property needs significant work. For the right buyer, that’s exactly where the opportunity lies. With the right vision, this could become an incredible short-term rental/Airbnb, a high-demand Finger Lakes getaway, or your own private escape in nature. Properties with this much land, privacy, and location upside don’t come along often—especially with this level of potential. Bring your ideas, your tools, and your imagination—this is your chance to build something truly special in one of the most sought-after regions of New York. Delayed Negotiations Wed 5/20 at Noon.

2. 2026-05-14
   listed $79,900 Active 2071-char remark

   Show marketing remark (2071 chars)

   Tucked away on 5 wooded acres in the heart of the Finger Lakes, this private 2-bedroom cabin offers the kind of escape people spend all year searching for—paired with the rare opportunity to create something truly special. This is a handyman special with incredible potential, ideal for someone ready to bring vision, creativity, and sweat equity. Whether you’re an investor, a weekend renovator, or someone dreaming of crafting a one-of-a-kind retreat, this property is an amazing opportunity to transform a hidden gem into something unforgettable. The setting is where this property truly shines. Wake up to the sounds of nature, enjoy your morning coffee overlooking your own pond, and step outside to explore the surrounding beauty. Directly across the road, Wesley Hill Nature Preserve offers hiking and sweeping views, while the RMSC Cumming Nature Center is just minutes away for year-round outdoor experiences. In the warmer months, you’re just a short drive to Honeoye Lake State Boat Launch for boating and lakeside relaxation. When winter arrives, take advantage of nearby skiing at Bristol Mountain Ski Resort and Hunt Hollow Ski Club—making this a true four-season destination. Despite its private, tucked-away feel, you’re conveniently located near both Honeoye and Naples for restaurants, wineries, breweries, and everyday essentials. The existing 2-bedroom, 1-bath cabin provides a starting point—but make no mistake, this property needs significant work. For the right buyer, that’s exactly where the opportunity lies. With the right vision, this could become an incredible short-term rental/Airbnb, a high-demand Finger Lakes getaway, or your own private escape in nature. Properties with this much land, privacy, and location upside don’t come along often—especially with this level of potential. Bring your ideas, your tools, and your imagination—this is your chance to build something truly special in one of the most sought-after regions of New York. Delayed Negotiations Wed 5/20 at Noon.

ⓘ 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: $2,131 · $178/mo
• Projected year-2 tax: $2,131 · $178/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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 3 d/yr ≥89°F today · 8 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: $13,133
• − Mortgage interest: −$4,476
• − Property taxes: −$2,131
• − Insurance: −$400
• − Repairs & maintenance: −$1,051
• − Management: −$1,051
• − Depreciation: −$2,324
• Taxable income: $1,702
• Est. tax owed @ 24.0%: −$408
• After-tax cash flow: $2,408/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: Naples Central School District
• NCES district ID: 3620220
• Math proficiency: 51% ▼ -10.00%
• Reading proficiency: 61% ▲ 9.00%
• Median HH income: $51,934
• Composite: 47.91/100
• National rank: #2212
• State rank: #292 of 590 in NY

Livability — Honeoye

• Score: 63/100
• State rank: #790
• US rank: #15128

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,908

Population outlook (Ontario County) Hauer SSP2

• Today (2025): 111,230 people
• By 2030: 111,401 · +0.2%
• By 2040: 109,535 · -1.5%
• By 2050: 104,895 · -5.7%
• By 2075: 92,999 · -16.4%
• By 2100: 73,723 · -33.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3%
• Common ancestry: Romanian 4% Iranian 3% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Ontario

• 2024 margin: Toss-up / Even · D 49.4% · R 50.6%
• 2008→2024 swing: -1.0pp toward R · 2008: -0.1pp · 2024: -1.2pp
• All cycles: 2024: R+1.2 2020: R+0.0 2016: R+8.6 2012: R+1.6 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.68%
• Current HPI: 301.9192
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-23 Pending — UNYREIS
• 2026-05-23 Pending — UNYREIS
• 2026-05-14 Listed $79,900 UNYREIS
• 2026-05-14 Listed $79,900 UNYREIS

Property tax history

+7.3%/yr

Latest (2025): $2,131 · +74.0% YoY. Source: county tax records.