1661 Old Country Rd #69 · Calverton, NY 11901

$249,999

2 bd · 2.0 ba · 924 sqft · Manufactured · 59 Days on market

Built 2008 4,675 sqft lot Est $170k · 47% over $800/mo HOA · 25% of rent

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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 +17.4/30.0
• 1% rule +7.8/10.0
• DSCR +5.4/10.0
• Schools +3.6/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME TO GLENWOOD VILLAGE A 55 & OVER MANUFACTUED HOME COMMUNITY OFFERING A 49 YEAR LAND LEASE STARING AT $652 PER MONTH - INCLUDES, WATER, USE OF CLUBHOUSE, OUTDOOR PARK AREA & POOL. THIS VERY POPULAR VILLAGER MODEL OFFERS, 2 BEDROOMS, & 2 BATHS, LR, DINING AREA, KITCHEN WITH BUILT INS, APPLIANCES, LAUNDRY ROOM, CAC, OIL HEAT, CARPORT, DECK, SPRINKLER SYSTEM - NEWLY PAINTED, FLOORING & POWER-WASHED., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Min Age:55,Separate Hotwater Heater:Yes

Key facts

• Nice deck
• Carport
• Propane hot water

Tags

• 1 LEVEL LIVING
• SEPARATE LAUNDRY ROOM
• NICE DECK
• CARPORT
• CENTRAL AIR
• PROPANE HOT WATER

Property features AI

Finance

• HOA & community: Part of an association (monthly fee $800); Association fee covers common area maintenance, pool service, sewer, trash and water; Senior community; Community clubhouse, fitness center, park and pool

Exterior

• Parking: Private carport (1 space); Total 2 parking spaces
• Utilities: PSEG electric; Propane available; Cesspool sewer; Water connected; Sewer connected; Electricity connected; Cable connected; Private trash collection
• Home design: Manufactured home (single wide); Updated/remodeled; One level; No waterfront
• Construction: Vinyl siding; Block foundation; Manufactured house structure
• Exterior features: Mailbox; Rain gutters; Deck; Cleared, private lot

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Open, eat-in kitchen
• Bedrooms: Includes a bedroom on the first floor
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Kerosene heating
• Interior features: First-floor bedroom; First-floor full bath; Ceiling fans; Chandelier; Eat-in kitchen; High ceilings; His and hers closets; Open kitchen; Storm doors; Blinds; Skylight(s); Deck
• Laundry & utility: Laundry room; Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $250k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#1,053 in NY) — a working-class tenant base; expect higher turnover. Watch: crime C-, employment D, amenities F.
• Riverhead Central School District (suburban): math 34% / reading 48% proficiency, ranked #489 of 590 in NY (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Aquebogue Elementary School (math 47% / reading 57%, grade C-, #988 of 2,108 statewide, top 49%, 474 students, 40% FRL); Riverhead Middle School (math 18% / reading 35%, grade F, #594 of 729 statewide, top 81%, 827 students, 57% FRL); Riverhead Senior High School (math 80% / reading 86%, grade A, #440 of 1,100 statewide, top 40%, 2,001 students, 52% FRL).
• Zoned-school proficiency averages 54% at this address vs 41% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Riverhead Central School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 191 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $8k 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 59 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y 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 $195k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.

Recommended offer $242,499 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.28% ✓
• Cap rate: 7.19%
• Cash-on-cash: 3.22%
• DSCR: 1.14
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $170,016
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1661 Old Country #423	0.01mi	2/2.0	960 (+4%)	8mo	$195,000	$203	87
1661-179 Old Country Rd	0.01mi	2/2.0	1,036 (+12%)	10mo	$215,000	$208	71
433 Mill Rd #4	0.27mi	3/2.0 (+1)	960 (+4%)	6mo	$175,000	$182	71
1661 Old Country Rd #294	0.01mi	2/2.0	1,036 (+12%)	12mo	$190,000	$183	69
1661 Old Country Rd #163	0.29mi	2/1.0	816 (-12%)	2mo	$100,000	$123	61
1661 Old Country Rd #282	0.44mi	2/1.0	860 (-7%)	4mo	$150,000	$174	61
433 Mill Road #94	0.24mi	3/2.0 (+1)	980 (+6%)	16mo	$250,000	$255	61
433 Mill Rd #57	0.24mi	3/1.0 (+1)	1,000 (+8%)	7mo	$155,000	$155	61
1661 Old Country Rd #280	0.53mi	2/2.0	1,008 (+9%)	4mo	$185,000	$184	57
1661-168A Old Country	0.53mi	2/2.0	1,056 (+14%)	19mo	$245,000	$232	36

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: -11.0%
• Equity multiple: 0.60×
• Total profit: $-28,137
• Equity at exit: $37,276

10-year hold

• IRR: -1.5%
• Equity multiple: 0.89×
• Total profit: $-7,388
• Equity at exit: $21,615

Cash invested: $70,000 (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 11901

• Home prices YoY: -29.5%
• Active inventory: 191
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $3,200 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$125 /mo · $1,502/yr
• Insurance: −$104
• HOA: −$800
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $188

Break-even live

Break-even rent $2,963

Max offer price $249,999

Occupancy floor 89%

Sensitivity live

Price	-10% $329	-5% $258	+0% $188	+5% $117	+10% $46
Rent	-10% $-65	-5% $61	+0% $188	+5% $314	+10% $440
Rate	-1.0pp $314	-0.5pp $251	base $188	+0.5pp $123	+1.0pp $57

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1278 W Main St Riverhead, NY	2.0	1.0	704	$3,200	$4.55	44d	1	0.64mi

HOA detail

• Monthly dues: $800 · $9,600/yr
• Likely covers: waterpool

Listing history 15 events

1. 2026-04-30
   status Pending
2. 2026-03-02
   listed $249,999 Active
3. 2026-01-16
   status Pending
4. 2026-01-15
   historical
5. 2025-11-17
   price $239,999
6. 2025-11-08
   price $245,000
7. 2025-10-21
   listed $250,000 Active
8. 2024-07-17
   soldstatus $195,000 Closed 527-char remark

   Show marketing remark (527 chars)

   WELCOME TO GLENWOOD VILLAGE A 55 & OVER MANUFACTUED HOME COMMUNITY OFFERING A 49 YEAR LAND LEASE STARING AT $652 PER MONTH - INCLUDES, WATER, USE OF CLUBHOUSE, OUTDOOR PARK AREA & POOL. THIS VERY POPULAR VILLAGER MODEL OFFERS, 2 BEDROOMS, & 2 BATHS, LR, DINING AREA, KITCHEN WITH BUILT INS, APPLIANCES, LAUNDRY ROOM, CAC, OIL HEAT, CARPORT, DECK, SPRINKLER SYSTEM - NEWLY PAINTED, FLOORING & POWER-WASHED., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Min Age:55,Separate Hotwater Heater:Yes

9. 2024-07-01
   status Pending 527-char remark

   Show marketing remark (527 chars)

   WELCOME TO GLENWOOD VILLAGE A 55 & OVER MANUFACTUED HOME COMMUNITY OFFERING A 49 YEAR LAND LEASE STARING AT $652 PER MONTH - INCLUDES, WATER, USE OF CLUBHOUSE, OUTDOOR PARK AREA & POOL. THIS VERY POPULAR VILLAGER MODEL OFFERS, 2 BEDROOMS, & 2 BATHS, LR, DINING AREA, KITCHEN WITH BUILT INS, APPLIANCES, LAUNDRY ROOM, CAC, OIL HEAT, CARPORT, DECK, SPRINKLER SYSTEM - NEWLY PAINTED, FLOORING & POWER-WASHED., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Min Age:55,Separate Hotwater Heater:Yes

10. 2024-06-27
    status Active 527-char remark

    Show marketing remark (527 chars)

    WELCOME TO GLENWOOD VILLAGE A 55 & OVER MANUFACTUED HOME COMMUNITY OFFERING A 49 YEAR LAND LEASE STARING AT $652 PER MONTH - INCLUDES, WATER, USE OF CLUBHOUSE, OUTDOOR PARK AREA & POOL. THIS VERY POPULAR VILLAGER MODEL OFFERS, 2 BEDROOMS, & 2 BATHS, LR, DINING AREA, KITCHEN WITH BUILT INS, APPLIANCES, LAUNDRY ROOM, CAC, OIL HEAT, CARPORT, DECK, SPRINKLER SYSTEM - NEWLY PAINTED, FLOORING & POWER-WASHED., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Min Age:55,Separate Hotwater Heater:Yes

11. 2024-05-05
    listed $205,000 Active 527-char remark

    Show marketing remark (527 chars)

    WELCOME TO GLENWOOD VILLAGE A 55 & OVER MANUFACTUED HOME COMMUNITY OFFERING A 49 YEAR LAND LEASE STARING AT $652 PER MONTH - INCLUDES, WATER, USE OF CLUBHOUSE, OUTDOOR PARK AREA & POOL. THIS VERY POPULAR VILLAGER MODEL OFFERS, 2 BEDROOMS, & 2 BATHS, LR, DINING AREA, KITCHEN WITH BUILT INS, APPLIANCES, LAUNDRY ROOM, CAC, OIL HEAT, CARPORT, DECK, SPRINKLER SYSTEM - NEWLY PAINTED, FLOORING & POWER-WASHED., Additional information: Appearance:Mint,Interior Features:Lr/Dr,Min Age:55,Separate Hotwater Heater:Yes

12. 2015-04-24
    soldstatus $93,000
13. 2015-02-10
    listed $99,000
14. 2015-02-06
    historical
15. 2014-02-06
    listed $107,900

ⓘ 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: $1,502 · $125/mo
• Projected year-2 tax: $2,864 · $239/mo
• Expected delta: +$1,361/yr (+$113/mo · 90.6%)

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

Taxation est. · year 1

• Rental income: $38,400
• − Mortgage interest: −$14,004
• − Property taxes: −$1,502
• − Insurance: −$1,250
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − HOA: −$9,600
• − Depreciation: −$7,273
• Taxable loss: −$1,373
• Est. tax savings @ 24.0%: +$329
• After-tax cash flow: $2,581/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: Riverhead Central School District
• NCES district ID: 3624690
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 48% ▲ 13.00%
• Median HH income: $61,607
• Composite: 36.38/100
• National rank: #4683
• State rank: #489 of 590 in NY

Livability — Calverton

• Score: 58/100
• State rank: #1053
• US rank: #20908

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calverton, NY
• City population: 6,784
• Population (ZIP): 32,921

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Hispanic / Latino 29% Two or more races 14% Black 11% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Iranian 1% Portuguese 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 26% 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: ▼ -182.60%
• Current HPI: 436.7781
• 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

+131.7% since first listed

15 events — show timeline

• 2026-04-30 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-02 Listed $249,999 OneKey® MLS as Distributed by MLS Grid
• 2026-01-16 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-15 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-17 Price Changed $239,999 OneKey® MLS as Distributed by MLS Grid
• 2025-11-08 Price Changed $245,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-21 Listed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-17 Sold (MLS) $195,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-01 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-06-27 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-05-05 Listed $205,000 OneKey® MLS as Distributed by MLS Grid
• 2015-04-24 Sold (MLS) $93,000 OneKey® MLS as Distributed by MLS Grid
• 2015-02-10 Listed $99,000 OneKey® MLS as Distributed by MLS Grid
• 2015-02-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-02-06 Listed $107,900 OneKey® MLS as Distributed by MLS Grid