12 Mirick Pl · Lyons, NY 14489

$119,900

2 bd · 1.0 ba · 936 sqft · SingleFamily public records · 4 Days on market

Built 1954 10,018 sqft lot $128/sqft · 7% above area Est $113k · 7% over

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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 +26.9/30.0
• Appreciation +10.0/10.0
• DSCR +9.3/10.0
• 1% rule +8.2/10.0
• ARV discount +4.6/15.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Village ranch with 3 Bedroom, Bath, eat-in Kitchen, large Living Room, screened in back Porch. Large landscaped yard.

Key facts

• Huge dry basement
• One level living
• 0.23 acre lot

Tags

• ONE LEVEL LIVING
• QUIET NEIGHBORHOOD STREET
• ROOF JUST 3 YEARS YOUNG
• OVERSIZED WALK-IN CLOSET
• LARGE SCREENED-IN BACK PORCH
• HUGE DRY BASEMENT

Property features AI

Exterior

• Parking: Carport
• Utilities: High-speed internet available; Public water (connected); Sewer connected
• Home design: Single-story home; Resale property; Existing construction
• Construction: Vinyl siding; Architectural shingle roof; Block foundation; Built as existing structure
• Exterior features: Blacktop driveway; Partial fencing; Porch with screened area; Rectangular residential lot; City street frontage; Fence

Interior

• Kitchen: Electric oven; Electric range; Refrigerator; Pantry
• Bedrooms: 3 bedrooms on the main level; Bedroom on main level
• Flooring: Carpet; Laminate; Varied flooring
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Zoned cooling; Zoned heating; Baseboard heating; Hot water heating
• Interior features: Ceiling fan(s); Separate/formal living room; Combined living and dining area; Pantry
• Laundry & utility: Washer and dryer located in the basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).

Location & tenants

• Location reads 75/100 on livability (#270 in NY, #4,307 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, employment D, amenities F.
• Lyons Central School District (town): math 33% / reading 42% proficiency, ranked #549 of 590 in NY (top 93%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 27 active listings in the ZIP; 259 units permitted in Wayne County in 2024 (90 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($829 loan paydown + $12k appreciation (10.0% local appreciation)).
• Wayne County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k 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.
• 2 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $119,900

Questions for the listing agent

1. Built in 1954 — 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 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?
4. 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.
5. 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.
6. 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: 1.32% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.85%
• DSCR: 1.53
• GRM: 6.3

CMA / ARV

• ARV (median comp): $112,536
• List price: $119,900
• Delta: 6.54%
• Verdict: FAIR
• Comps: 18 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
168 Canal St	0.13mi	3/1.0 (+1)	999 (+7%)	20mo	$64,900	$65	61
93 Catherine St	0.26mi	2/1.0	1,065 (+14%)	9mo	$130,000	$122	58
21 Spencer St	0.11mi	2/2.0	796 (-15%)	13mo	$85,000	$107	55
118 Phelps St	0.40mi	3/1.0 (+1)	876 (-6%)	21mo	$74,265	$85	48
96 Maple St	0.70mi	2/1.0	1,040 (+11%)	18mo	$120,000	$115	34

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.0%
• Equity multiple: 3.58×
• Total profit: $86,492
• Equity at exit: $108,015

10-year hold

• IRR: 28.5%
• Equity multiple: 8.10×
• Total profit: $238,265
• Equity at exit: $232,939

Cash invested: $33,572 (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 14489

• Home prices YoY: 14.2%
• Active inventory: 27
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,586 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$243 /mo · $2,910/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$333
• Net cashflow: $331

Break-even live

Break-even rent $1,166

Max offer price $119,900

Occupancy floor 74%

Sensitivity live

Price	-10% $399	-5% $365	+0% $331	+5% $298	+10% $264
Rent	-10% $206	-5% $269	+0% $331	+5% $394	+10% $457
Rate	-1.0pp $392	-0.5pp $362	base $331	+0.5pp $300	+1.0pp $269

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-11
   status Pending 1466-char remark
2. 2026-05-07
   listed $119,900 Active 1466-char remark
3. 2022-05-31
   soldstatus $110,000
4. 2016-12-30
   soldstatus $61,000 Closed Sale or Rented 117-char remark

   Show marketing remark (117 chars)

   Village ranch with 3 Bedroom, Bath, eat-in Kitchen, large Living Room, screened in back Porch. Large landscaped yard.

5. 2016-12-29
   soldstatus $61,000
6. 2016-08-30
   status Pending Sale 117-char remark

   Show marketing remark (117 chars)

   Village ranch with 3 Bedroom, Bath, eat-in Kitchen, large Living Room, screened in back Porch. Large landscaped yard.

7. 2015-11-23
   price $65,500 117-char remark

   Show marketing remark (117 chars)

   Village ranch with 3 Bedroom, Bath, eat-in Kitchen, large Living Room, screened in back Porch. Large landscaped yard.

8. 2015-09-30
   listed $68,500 Active 117-char remark

   Show marketing remark (117 chars)

   Village ranch with 3 Bedroom, Bath, eat-in Kitchen, large Living Room, screened in back Porch. Large landscaped yard.

9. 1998-10-16
   soldstatus $48,000

ⓘ 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: $2,910 · $243/mo
• Projected year-2 tax: $2,910 · $243/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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,029
• − Mortgage interest: −$6,716
• − Property taxes: −$2,910
• − Insurance: −$600
• − Repairs & maintenance: −$1,522
• − Management: −$1,522
• − Depreciation: −$3,488
• Taxable income: $2,270
• Est. tax owed @ 24.0%: −$545
• After-tax cash flow: $3,433/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: Lyons Central School District
• NCES district ID: 3618030
• Math proficiency: 33% ▲ 4.00%
• Reading proficiency: 42% ▼ -28.00%
• Median HH income: $43,076
• Composite: 31.73/100
• National rank: #5909
• State rank: #549 of 590 in NY

Livability — Lyons

• Score: 75/100
• State rank: #270
• US rank: #4307

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lyons, NY
• Population (ZIP): 7,016

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 85,662 people
• By 2030: 81,945 · -4.3%
• By 2040: 73,735 · -13.9%
• By 2050: 65,029 · -24.1%
• By 2075: 47,451 · -44.6%
• By 2100: 31,574 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 8% Two or more races 7% Black 2%
• Hispanic origin (detail): Puerto Rican 7%
• Common ancestry: Iranian 8% Romanian 5% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 90% English-only · German/W. Germanic 7% Spanish 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong R (+23.1) · D 38.5% · R 61.5%
• 2008→2024 swing: -13.2pp toward R · 2008: -9.9pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.6 2016: R+26.1 2012: R+9.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 38.65%
• Current HPI: 311.1445
• 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

+149.8% since first listed

9 events — show timeline

• 2026-05-11 Pending — UNYREIS
• 2026-05-07 Listed $119,900 UNYREIS
• 2022-05-31 Sold (Public Records) $110,000 Public Records
• 2016-12-30 Sold (MLS) $61,000 UNYREIS
• 2016-12-29 Sold (Public Records) $61,000 Public Records
• 2016-08-30 Pending — UNYREIS
• 2015-11-23 Price Changed $65,500 UNYREIS
• 2015-09-30 Listed $68,500 UNYREIS
• 1998-10-16 Sold (Public Records) $48,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,910 · -1.7% YoY. Source: county tax records.