34 Breesport Rd # 46 · Horseheads North, NY 14845

$34,900

2 bd · 1.0 ba · 980 sqft · Manufactured public records · 57 Days on market

Built 1997 $36/sqft · 19% below area Est $44k · 20% under ↓ 21% since listing

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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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• 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

Mobile Home located in beautiful Maplehurst Mobile Home Park in Horseheads. Close to shopping, dining, entertainment, and Finger Lakes. Home features 2 bedrooms, 1 bath, and great enclosed sun porch. Also, nice carport with blacktop driveway complete with picnic table and shed with nothing behind you. Home can be removed from park if desired, at purchasers expense. This is a 55+ community and buyer must live in the home if home stays in park. To live in the Park, new owner must qualify by online application to Maplehurst MHP, LLC for approval. Listing agent has a copy of requirements from Maplehurst MHP, LLC. Current owner has application in for the title, so closing will not be able to be held before this is received. Application has been submitted and it is expected in 4-6 weeks and then closing can be done. Lot Rent is $600.00/month and current taxes for the property are approximately $414.00 for Annual Town & County and $800.00 for Annual School Taxes. New owner taxes will be prorated for current year.

Key facts

• Blacktop driveway
• Picnic table
• Shed

Tags

• ENCLOSED SUN PORCH
• BLACKTOP DRIVEWAY
• PICNIC TABLE
• SHED

🏷️ Possibly a rental listed for sale. The $34,900 price doesn't fit this home's estimated sale value (~$43,637) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $35k.

Deal economics

• At list price, monthly cash flow is $83 ($994/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($995 rent vs $35k).
• Recommended offer: $34k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#670 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, employment A-; Watch: health & safety D, amenities F, commute F.
• Horseheads Central School District (suburban): math 44% / reading 58% proficiency, ranked #347 of 590 in NY (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ridge Road School (math 42% / reading 72%, grade C+, #842 of 2,108 statewide, top 43%, 400 students, 34% FRL); Horseheads Middle School (math 29% / reading 50%, grade F, #418 of 729 statewide, top 59%, 572 students, 36% FRL); Horseheads Senior High School (math 95% / reading 98%, grade A+, #59 of 1,100 statewide, top 6%, 1,142 students, 27% FRL).
• Zoned-school proficiency averages 64% at this address vs 51% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Horseheads Central School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 92 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 91 units permitted in Chemung County in 2024 (63 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Chemung County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $33,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.85% ✓
• Cap rate: 24.97%
• Cash-on-cash: 66.71%
• DSCR: 3.97
• GRM: 2.9

CMA / ARV

• ARV (median comp): $43,637
• List price: $34,900
• Delta: -20.02%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34 Breesport Rd #38	0.04mi	2/2.0	938 (-4%)	1mo	$39,900	$43	86
34 Breesport Rd #20	0.01mi	2/2.0	924 (-6%)	11mo	$45,000	$49	76

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: -0.2%
• Equity multiple: 0.99×
• Total profit: $-81
• Equity at exit: $5,204

10-year hold

• IRR: 10.2%
• Equity multiple: 1.81×
• Total profit: $7,936
• Equity at exit: $3,018

Cash invested: $9,772 (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 14845

• Home prices YoY: -24.9%
• Active inventory: 92
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $995 medium
• Mortgage (P&I): −$183
• Tax from tax record: −$45 /mo · $543/yr
• Insurance: −$15
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $83

Break-even live

Break-even rent $890

Max offer price $34,900

Occupancy floor 87%

Sensitivity live

Price	-10% $103	-5% $93	+0% $83	+5% $73	+10% $63
Rent	-10% $4	-5% $44	+0% $83	+5% $122	+10% $161
Rate	-1.0pp $100	-0.5pp $92	base $83	+0.5pp $74	+1.0pp $65

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35 Level Acres Dr Unit B Horseheads, NY	1.0	1.0	800	$995	$1.24	45d	1	0.99mi

Listing history 7 events

1. 2026-06-02
   statusdays on market $34,900 Pending 57 DOM
2. 2026-06-01
   days on market $34,900 Active 56 DOM
3. 2026-05-31
   days on market $34,900 Active 55 DOM
4. 2026-05-30
   days on market $34,900 Active 54 DOM
5. 2026-05-07
   price $34,900 1027-char remark

   Show marketing remark (1027 chars)

   Mobile Home located in beautiful Maplehurst Mobile Home Park in Horseheads. Close to shopping, dining, entertainment, and Finger Lakes. Home features 2 bedrooms, 1 bath, and great enclosed sun porch. Also, nice carport with blacktop driveway complete with picnic table and shed with nothing behind you. Home can be removed from park if desired, at purchasers expense. This is a 55+ community and buyer must live in the home if home stays in park. To live in the Park, new owner must qualify by online application to Maplehurst MHP, LLC for approval. Listing agent has a copy of requirements from Maplehurst MHP, LLC. Current owner has application in for the title, so closing will not be able to be held before this is received. Application has been submitted and it is expected in 4-6 weeks and then closing can be done. Lot Rent is $600.00/month and current taxes for the property are approximately $414.00 for Annual Town & County and $800.00 for Annual School Taxes. New owner taxes will be prorated for current year.

6. 2026-04-24
   price $39,900 1027-char remark

   Show marketing remark (1027 chars)

   Mobile Home located in beautiful Maplehurst Mobile Home Park in Horseheads. Close to shopping, dining, entertainment, and Finger Lakes. Home features 2 bedrooms, 1 bath, and great enclosed sun porch. Also, nice carport with blacktop driveway complete with picnic table and shed with nothing behind you. Home can be removed from park if desired, at purchasers expense. This is a 55+ community and buyer must live in the home if home stays in park. To live in the Park, new owner must qualify by online application to Maplehurst MHP, LLC for approval. Listing agent has a copy of requirements from Maplehurst MHP, LLC. Current owner has application in for the title, so closing will not be able to be held before this is received. Application has been submitted and it is expected in 4-6 weeks and then closing can be done. Lot Rent is $600.00/month and current taxes for the property are approximately $414.00 for Annual Town & County and $800.00 for Annual School Taxes. New owner taxes will be prorated for current year.

7. 2026-04-06
   listed $43,900 Active 1027-char remark

   Show marketing remark (1027 chars)

   Mobile Home located in beautiful Maplehurst Mobile Home Park in Horseheads. Close to shopping, dining, entertainment, and Finger Lakes. Home features 2 bedrooms, 1 bath, and great enclosed sun porch. Also, nice carport with blacktop driveway complete with picnic table and shed with nothing behind you. Home can be removed from park if desired, at purchasers expense. This is a 55+ community and buyer must live in the home if home stays in park. To live in the Park, new owner must qualify by online application to Maplehurst MHP, LLC for approval. Listing agent has a copy of requirements from Maplehurst MHP, LLC. Current owner has application in for the title, so closing will not be able to be held before this is received. Application has been submitted and it is expected in 4-6 weeks and then closing can be done. Lot Rent is $600.00/month and current taxes for the property are approximately $414.00 for Annual Town & County and $800.00 for Annual School Taxes. New owner taxes will be prorated for current year.

ⓘ 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: $543 · $45/mo
• Projected year-2 tax: $566 · $47/mo
• Expected delta: +$23/yr (+$2/mo · 4.3%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 73% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 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: $11,940
• − Mortgage interest: −$1,955
• − Property taxes: −$543
• − Insurance: −$5,700
• − Repairs & maintenance: −$955
• − Management: −$955
• − Depreciation: −$1,015
• Taxable income: $817
• Est. tax owed @ 24.0%: −$196
• After-tax cash flow: $798/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: Horseheads Central School District
• NCES district ID: 3614850
• Math proficiency: 44% ▼ -19.00%
• Reading proficiency: 58% ▲ 3.00%
• Median HH income: $60,594
• Composite: 44.58/100
• National rank: #2781
• State rank: #347 of 590 in NY

Livability — Horseheads North

• Score: 65/100
• State rank: #670
• US rank: #12555

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Horseheads North, NY
• Population (ZIP): 20,552

Population outlook (Chemung County) Hauer SSP2

• Today (2025): 82,931 people
• By 2030: 80,356 · -3.1%
• By 2040: 74,745 · -9.9%
• By 2050: 69,012 · -16.8%
• By 2075: 55,689 · -32.8%
• By 2100: 41,428 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Asian 2% Hispanic / Latino 2% Black 2%
• Common ancestry: Romanian 6% Slovak 2% Iranian 2%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Chemung

• 2024 margin: R (+16.8) · D 41.6% · R 58.4%
• 2008→2024 swing: -15.6pp toward R · 2008: -1.2pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+13.4 2016: R+20.0 2012: R+2.9 2008: R+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.23%
• Current HPI: 247.777
• 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

-20.5% since first listed

3 events — show timeline

• 2026-05-07 Price Changed $34,900 UNYREIS
• 2026-04-24 Price Changed $39,900 UNYREIS
• 2026-04-06 Listed $43,900 UNYREIS

Property tax history

+8.4%/yr

Latest (2016): $543 · +12.4% YoY. Source: county tax records.