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276 Harry L Dr Dr Duplex
A- Composite 82.77
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
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Appreciation +10.0/10.0
  • ARV discount +7.5/15.0
  • Schools +5.6/10.0
  • Rent growth +4.9/5.0
  • Livability +3.8/5.0
  • Condition / age +1.0/5.0

$100,000

276 Harry L Dr Dr · Johnson City, NY 13790
4 bd · 2.0 ba · 1,464 sqft · MultiFamily public records · 53 Days on market
Built 1910 Poor condition 6,098 sqft lot $68/sqft · 55% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Your chance to own an income producing duplex in a high traffic area, close to all amenities in the Johnson City School District! Located in an area where multiple developments are taking place, this duplex with parking in the back has a ton of potential. Current rents are under market rate, and this property could be a cash cow. OWNER FINANCING AVAILABLE!Call today!

Key facts

  • Separate utilities
  • High-traffic area
  • Highway access

Tags

CASH-FLOWING DUPLEXSEPARATE UTILITIESSTRONG RENTAL POTENTIALHIGH-TRAFFIC AREAHIGHWAY ACCESS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2 × 2-bed/1-bath units multifamily listed at $100k. Condition is rated poor.

Deal economics

  • At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $504/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $100k).
  • Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
  • Cap rate 18.4% vs local median 6.3% in Johnson City — 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 (#238 in NY, #3,739 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, employment D-.
  • Johnson City Central School District (suburban): math 38% / reading 41% proficiency, ranked #535 of 590 in NY (top 91%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Johnson City Elementary/Primary School (496 students, 55% FRL); Johnson City Middle School (math 19% / reading 43%, grade F, #534 of 729 statewide, top 73%, 500 students, 65% FRL); Johnson City Senior High School (math 98% / reading 64%, grade A, #485 of 1,100 statewide, top 45%, 729 students, 60% FRL) — zoned schools at 60% FRL track the district average.
  • Zoned-school proficiency averages 56% at this address vs 40% district-wide (+16 pts) — the actual schools serving this property are materially stronger than the Johnson City Central School District average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents rising fast (+9.5%/yr); 119 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 340 units permitted in Broome County in 2024 (269 in 5+ unit buildings).

Forward outlook

  • In year one you build about $11k of equity ($691 loan paydown + $10k appreciation (10.0% local appreciation)).
  • Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
  • At projected returns (10.0% appreciation + 8.0% 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 ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 53 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 2y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 2.7% of price; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $97,000 (3.0% below list)

Questions for the listing agent

  1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  5. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  6. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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.
  10. 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.
  11. 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
2.28%
Cap rate
18.39%
Cash-on-cash
43.21%
DSCR
2.92
GRM
3.7

CMA / ARV

ARV (median comp)
$223,642
List price
$100,000
Delta
-50.86%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
217 Lester Avenue Ave 0.45mi 5/2.0 (+1) 1,452 (-1%) 3mo $81,000 $56 70
29 and 31 Jay St 0.22mi 4/2.0 1,668 (+14%) 5mo $180,000 $108 62
89 Zoa Ave 0.43mi 4/2.0 1,613 (+10%) 4mo $195,800 $121 59
42 Broad St 0.60mi 4/2.0 1,514 (+3%) 11mo $145,000 $96 57
76 Virginia Ave 0.51mi 3/2.0 (-1) 1,501 (+2%) 21mo $93,500 $62 50
51 Crocker Ave 0.66mi 4/2.5 1,653 (+13%) 10mo $156,000 $94 37

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

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
61.7%
Equity multiple
5.67×
Total profit
$130,829
Equity at exit
$90,088
10-year hold
IRR
57.4%
Equity multiple
14.03×
Total profit
$364,830
Equity at exit
$194,278

Cash invested: $28,000 (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.
Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
3 active · 3 under contract
Months of supply
2.6 mo (39%/mo absorbed)
Median asking
$100,000 ($65/sqft)
Median days on market
68 d
This list price
33% of active listings are priced below it
ARV vs active asking
+134.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 13790

Home prices YoY
6.8%
Rents YoY
9.5%
Active inventory
119
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,281 high interval (Pro) →
Mortgage (P&I)
$524
Tax from tax record
$228 /mo · $2,732/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$479
Net cashflow
$1,008

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

UnitsBedsBathsEst. rent
Total (2 units) $2,281

Break-even live

Break-even rent $1,005
Max offer price $100,000
Occupancy floor 51%

Sensitivity live

Price -10% $1,065 -5% $1,037 +0% $1,008 +5% $980 +10% $952
Rent -10% $828 -5% $918 +0% $1,008 +5% $1,098 +10% $1,188
Rate -1.0pp $1,059 -0.5pp $1,034 base $1,008 +0.5pp $982 +1.0pp $956

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
$25,000
Closing costs
$3,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
72 Virginia Ave Apt 1 Johnson City, NY 2.0 1.0 $1,100 62d 1 0.51mi
275 Main St Unit 1 Johnson City, NY 1.0 1.0 600 $850 $1.42 70d 1 0.51mi
263 Main St Unit 2 Johnson City, NY 2.0 2.0 850 $1,399 $1.65 70d 1 0.53mi
248 Main St Unit 2 Johnson City, NY 2.0 1.0 1650 $1,650 $1.00 62d 1 0.58mi
51 Allen St Unit 1 Johnson City, NY 3.0 1.0 1170 $1,575 $1.35 70d 1 0.64mi
59 Allen St Johnson City, NY 1.0 1.0 $1,000 70d 1 0.65mi
11 Avenue A Unit !R Johnson City, NY 1.0 1.0 615 $980 $1.59 70d 1 0.67mi
11 Avenue A Unit 3L Johnson City, NY 2.0 1.0 651 $1,250 $1.92 70d 1 0.67mi
79 Saint Charles St Apt 3 Johnson City, NY 3.0 1.0 793 $1,340 $1.69 62d 1 0.68mi
143 Harrison St Unit 2 Johnson City, NY 2.0 1.0 750 $1,100 $1.47 62d 1 0.83mi
155 Willow St Unit 3 Johnson City, NY 2.0 1.0 739 $1,200 $1.62 70d 1 0.86mi
102 Main St Unit 2 Johnson City, NY 3.0 1.0 $1,300 62d 1 0.87mi
333 Grand Ave Johnson City, NY 1.0 1.0 726 $882 $1.21 62d 1 0.89mi
204 Grand Ave Unit 10 Johnson City, NY 2.0 1.0 500 $1,150 $2.30 70d 1 0.89mi
207 Saint Charles St #2 Johnson City, NY 2.0 1.0 925 $1,250 $1.35 70d 1 0.97mi
27-29 Tracy St Unit 1 Binghamton, NY 1.0 1.0 $1,100 70d 1 1.00mi
56 Farr Ave Johnson City, NY 3.0 1.0 $1,600 62d 1 1.03mi
145 Floral Ave Unit 4 Johnson City, NY 3.0 1.0 1095 $1,250 $1.14 70d 1 1.04mi
11 Dayton St Apt 5 Johnson City, NY 2.0 1.0 900 $1,200 $1.33 62d 1 1.04mi
111 Glenwood Ave Unit 1 Binghamton, NY 1.0 1.0 800 $900 $1.12 62d 1 1.06mi
35 Dayton St Unit 2 Johnson City, NY 2.0 1.0 648 $1,000 $1.54 62d 1 1.12mi
10 Bidwell St Johnson City, NY 3.0 2.0 1200 $1,850 $1.54 93d 1 1.17mi
127 Burbank Ave Unit 2 Johnson City, NY 2.0 1.0 1032 $1,000 $0.97 70d 1 1.18mi
327 Main St Apt 4 Binghamton, NY 2.0 1.0 $1,200 62d 1 1.18mi
327 Main St Apt 10 Binghamton, NY 1.0 1.0 $975 93d 1 1.18mi
296 Main St Unit 6 Binghamton, NY 3.0 1.0 1200 $1,250 $1.04 62d 1 1.32mi
57 Fowler Ave Johnson City, NY 3.0 2.5 2497 $2,000 $0.80 62d 1 1.44mi
133 Crestmont Rd Unit 2 Binghamton, NY 3.0 1.0 1300 $1,900 $1.46 93d 1 1.46mi
1035 Anna Maria Dr Johnson City, NY 1.0–2.0 1.0 725 $2,130 $2.94 62d 1 1.47mi
263 Main St Binghamton, NY 2.0 1.0 920 $1,200 $1.30 62d 1 1.49mi

Property features AI

Finance

Other
Lot is level
Financial info
Unit rents: one unit at $1,000/month and one unit at $950/month

Exterior

Parking
No parking provided
Security
No security features listed
Utilities
Public waterPublic sewer
Home design
Duplex (residential income property)One above-grade finished level
Construction
Wood siding exterior
Exterior features
Covered porch

Interior

Kitchen
No specific kitchen appliance details beyond water heaters
Bedrooms
Two 2-bedroom units (each unit has 2 bedrooms)
Flooring
Carpet, hardwood, and tile flooring
Bathrooms
Two full bathrooms total (one full bathroom in each unit)
Heating & cooling
Forced air heatingNo central cooling
Interior features
Electric and gas water heatersBasement present
Laundry & utility
No laundry appliance details provided

Listing history 50 events

  1. 2026-08-08
    days on market $100,000 Active 53 DOM
  2. 2026-08-07
    days on market $100,000 Active 52 DOM
  3. 2026-08-06
    days on market $100,000 Active 51 DOM
  4. 2026-08-05
    days on market $100,000 Active 50 DOM
  5. 2026-08-04
    days on market $100,000 Active 49 DOM
  6. 2026-08-03
    days on market $100,000 Active 48 DOM
  7. 2026-07-31
    days on market $100,000 Active 45 DOM
  8. 2026-07-30
    days on market $100,000 Active 44 DOM
  9. 2026-07-29
    days on market $100,000 Active 43 DOM
  10. 2026-07-27
    days on market $100,000 Active 41 DOM
  11. 2026-07-25
    days on market $100,000 Active 39 DOM
  12. 2026-07-24
    days on market $100,000 Active 38 DOM
  13. 2026-07-23
    days on market $100,000 Active 37 DOM
  14. 2026-07-22
    remarks 583-char remark
  15. 2026-07-22
    price $100,000 Active 36 DOM
  16. 2026-07-22
    days on market $109,900 Active 36 DOM
  17. 2026-07-21
    days on market $109,900 Active 35 DOM
  18. 2026-07-18
    days on market $109,900 Active 32 DOM
  19. 2026-07-16
    days on market $109,900 Active 30 DOM
  20. 2026-07-16
    days on market $109,900 Active 29 DOM
  21. 2026-07-14
    days on market $109,900 Active 28 DOM
  22. 2026-07-13
    days on market $109,900 Active 27 DOM
  23. 2026-07-12
    days on market $109,900 Active 26 DOM
  24. 2026-07-11
    days on market $109,900 Active 25 DOM
  25. 2026-07-10
    days on market $109,900 Active 24 DOM
  26. 2026-07-09
    days on market $109,900 Active 23 DOM
  27. 2026-07-08
    days on market $109,900 Active 22 DOM
  28. 2026-07-07
    days on market $109,900 Active 21 DOM
  29. 2026-07-06
    days on market $109,900 Active 20 DOM
  30. 2026-07-05
    days on market $109,900 Active 19 DOM
  31. 2026-07-04
    days on market $109,900 Active 18 DOM
  32. 2026-07-03
    days on market $109,900 Active 17 DOM
  33. 2026-07-02
    days on market $109,900 Active 16 DOM
  34. 2026-07-01
    days on market $109,900 Active 15 DOM
  35. 2026-06-30
    days on market $109,900 Active 14 DOM
  36. 2026-06-29
    days on market $109,900 Active 13 DOM
  37. 2026-06-28
    days on market $109,900 Active 12 DOM
  38. 2026-06-28
    days on market $109,900 Active 11 DOM
  39. 2026-06-27
    days on market $109,900 Active 10 DOM
  40. 2026-06-25
    days on market $109,900 Active 8 DOM
  41. 2026-06-23
    days on market $109,900 Active 6 DOM
  42. 2026-06-21
    days on market $109,900 Active 5 DOM
  43. 2026-06-19
    days on market $109,900 Active 3 DOM
  44. 2026-06-18
    days on market $109,900 Active 2 DOM
  45. 2026-06-17
    remarks 528-char remark
  46. 2026-06-17
    days on marketlisting id $109,900 Active 1 DOM
  47. 2026-06-01
    days on market $109,900 Active 150 DOM
  48. 2026-05-31
    days on market $109,900 Active 149 DOM
  49. 2026-05-30
    days on market $109,900 Active 148 DOM
  50. 2026-03-18
    price $109,900 231-char remark

ⓘ 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
$2,732 · $228/mo
Projected year-2 tax
$2,732 · $228/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 1/10 Low
  • 🌡 Heat 3/10 Moderate 8 d/yr ≥94°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$27,372
− Mortgage interest
−$5,602
− Property taxes
−$2,732
− Insurance
−$500
− Repairs & maintenance
−$2,190
− Management
−$2,190
− Depreciation
−$2,909
Taxable income
$11,250
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,700
After-tax cash flow
$9,399/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.

Condition & rehab AI · 10 photos

Poor 20/100 Extensive rehab Est. rehab $73,200–$131,760 screening

This property requires extensive repairs and renovations to become move-in ready. Significant structural and safety issues need addressing immediately.

Repairs flagged

  • Major Exposed subfloor — Structural damage and safety hazard
  • Major Exposed siding — Structural damage and safety hazard
  • Major Exposed ductwork — Structural damage and safety hazard
  • Major Exposed frames — Structural damage and safety hazard

Value-add opportunities

  • Both Re-roof — Protects the structure and improves curb appeal
  • Both Re-siding — Improves curb appeal and protects the structure
  • Both Re-paint — Improves curb appeal and protects the structure
  • Both Re-floor — Improves functionality and protects the structure
  • Both Re-HVAC — Improves functionality and comfort

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 56/100

Zoned Schools

Elementary Johnson City Elementary/primary School Middle Johnson City Middle School F NY #534/729 Nat'l #8,646/14,009 High Johnson City Senior High School A NY #485/1,100 Nat'l #1,016/17,239

Schools (NCES district)

District
Johnson City Central School District
NCES district ID
3615900
Math proficiency
38% ▼ -8.00%
Reading proficiency
41% ▲ 2.00%
Median HH income
$40,514
Composite
33.17/100
National rank
#5545
State rank
#535 of 590 in NY
B Composite livability gradescore 76/100

Livability — Johnson City

Score
76/100
State rank
#238
US rank
#3739

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Johnson City, NY
County
Broome County · 187,989 people
City population
18,739
Metro
Binghamton, NY
Population (ZIP)
18,739
Household income
$59,045
Rent vs Own
44.8% rent · 55.2% own
Severe rent burden
11% of renters

Population outlook (Broome County) Hauer SSP2

Today (2025)
187,989 people
By 2030
183,066 · -2.6%
By 2040
172,228 · -8.4%
By 2050
163,161 · -13.2%
By 2075
153,641 · -18.3%
By 2100
140,851 · -25.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (75%)
Race & ethnicity
White 75% Two or more races 9% Asian 8% Black 6% Hispanic / Latino 4%
Common ancestry
Romanian 6% Lithuanian 3% Scotch-Irish 2%
Foreign-born
9% · Canada, China, Vietnam
Languages at home
88% English-only · Other Indo-European 4% French/Haitian/Cajun 2% Spanish 2%

Political lean MEDSL · Broome

2024 margin
Toss-up / Even · D 50.2% · R 49.8%
2008→2024 swing
-7.6pp toward R · 2008: 8.0pp · 2024: 0.4pp
All cycles
2024: D+0.4 2020: D+3.5 2016: R+3.7 2012: D+4.6 2008: D+8.0

Not yet ingested

Civics

Price history

+11.2% since first listed
9 events — show timeline
  • 2026-07-22 Price Changed $100,000 GBAOR
  • 2026-06-16 Listed $109,900 GBAOR
  • 2026-03-18 Price Changed $109,900 GBAOR
  • 2026-01-29 Sold (Public Records) $185,000 Public Records
  • 2026-01-02 Listed $119,900 GBAOR
  • 2025-11-20 Sold (MLS) $45,000 GBAOR
  • 2025-08-14 Relisted GBAOR
  • 2025-05-06 Pending GBAOR
  • 2024-09-02 Listed $89,900 GBAOR

Property tax history

+2.2%/yr

Latest (2025): $2,732 · +1.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…