4 Jerome St · Hauppauge, NY 11787

$779,999

4 bd · 3.0 ba · 1,989 sqft · SingleFamily public records · 22 Days on market

Built 2000 10,019 sqft lot $392/sqft · 13% below area Est $900k · 13% under

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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).

• ARV discount +13.5/15.0
• Cash flow +6.8/30.0
• Schools +6.6/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.0/10.0
• 1% rule +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(. 23Ac)Gnds; Low-Tfc Site Near The Watermill. .. Kit/Center Isle+Vault Ceil'g; Lr+Fpl+Tray Ceil'g; M/Br+Bth; 2 More Bths; Fr; 2Gar; Igs; Cac; Star/$1071=$9,966.81 2012/13 Taxes; Vynl Sid'g; West H/S; B-B-Q Deck Off Dr; Paver Patio; Open Flr/Pln+Lite & Brite Home. .. And Easy To See!

Key facts

• Oversized corner lot
• Blacktop driveway
• Paver front entry

Tags

• OVERSIZED CORNER LOT
• BLACKTOP DRIVEWAY
• PAVER FRONT ENTRY
• FULLY FENCED YARD
• SPACIOUS PAVING STONE PATIO
• VINYL SIDING

Property features AI

Exterior

• Parking: Private driveway
• Utilities: Cesspool sewer; Cable available; Electricity available; Phone service available
• Home design: Single family residence
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: Total of 8 rooms (includes bedrooms and living spaces)
• Flooring: Laminate flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Hot water heating (oil); Central air conditioning
• Interior features: Chef's kitchen with granite counters and kitchen island; Crown molding; Eat-in kitchen; Formal dining room; High ceilings; In-law floorplan
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $780k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $564k (27.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $458k (41.3% below list).
• Recommended offer: $458k (41.3% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 3.0% in Hauppauge — 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 78/100 on livability (#166 in NY, #2,580 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, cost of living F.
• Smithtown Central School District (suburban): math 71% / reading 70% proficiency, ranked #86 of 590 in NY (top 15%) — strong family-tenant draw, lease renewals of 3-5y typical; only 5% free/reduced lunch — higher-income household profile.
• Zoned schools: Mills Pond Elementary School (math 82% / reading 77%, grade A, #188 of 2,108 statewide, top 11%, 372 students, 12% FRL); Great Hollow Middle School (math 57% / reading 74%, grade A-, #119 of 729 statewide, top 16%, 828 students, 11% FRL); Smithtown High School-West (math 97% / reading 87%, grade A+, #171 of 1,100 statewide, top 18%, 1,270 students, 13% FRL).
• Market conditions: 172 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $5k of loan paydown is wiped out by about $23k 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 22 days — a 2% lower offer ($768k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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 $394k; list at $780k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $457,984 (41.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
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: 0.59% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.71%
• DSCR: 0.70
• GRM: 14.2

CMA / ARV

• ARV (median comp): $900,290
• List price: $779,999
• Delta: -13.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
60 South Ave	0.23mi	4/2.5	2,200 (+11%)	5mo	$790,000	$359	65
90 Rhoda Ave	0.62mi	4/2.5	2,000 (+1%)	11mo	$820,000	$410	59
11 Kim Ave	0.24mi	3/2.0 (-1)	1,833 (-8%)	10mo	$790,000	$431	58
6 Sycamore Pl	0.40mi	3/2.0 (-1)	1,850 (-7%)	8mo	$680,000	$368	55
27 Dorchester Rd	0.61mi	4/2.0	2,058 (+4%)	10mo	$899,000	$437	54
103 Paddington Cir	0.69mi	3/2.5 (-1)	1,937 (-3%)	9mo	$815,000	$421	49
9 Cresthill Pl	0.56mi	4/3.0	2,278 (+14%)	9mo	$874,000	$384	42
38 Hallock Ave	0.68mi	3/2.5 (-1)	1,800 (-10%)	5mo	$615,000	$342	41
7 Larsen Ave	0.48mi	3/1.0 (-1)	1,769 (-11%)	10mo	$600,000	$339	38
280 Terry Rd	0.46mi	4/1.5	1,789 (-10%)	22mo	$725,000	$405	37
17 Sheppard Ln	0.50mi	4/2.0	1,700 (-14%)	16mo	$735,000	$432	35

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: -28.0%
• Equity multiple: 0.06×
• Total profit: $-204,405
• Equity at exit: $116,300

10-year hold

• IRR: -26.9%
• Equity multiple: -0.28×
• Total profit: $-279,194
• Equity at exit: $67,440

Cash invested: $218,400 (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 11787

• Active inventory: 172
• Price-to-rent: 14.2×

Monthly cashflow live

• Estimated rent: $4,580 medium
• Mortgage (P&I): −$4,090
• Tax from tax record: −$423 /mo · $5,080/yr
• Insurance: −$325
• HOA: −$0
• Vacancy / Maint / Mgmt: −$962
• Net cashflow: $-1,221

Break-even live

Break-even rent $6,125

Max offer price $564,371

Occupancy floor —

Sensitivity live

Price	-10% $-779	-5% $-1,000	+0% $-1,221	+5% $-1,441	+10% $-1,662
Rent	-10% $-1,582	-5% $-1,402	+0% $-1,221	+5% $-1,040	+10% $-859
Rate	-1.0pp $-828	-0.5pp $-1,022	base $-1,221	+0.5pp $-1,423	+1.0pp $-1,628

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: $195,000
• Closing costs: $23,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
261 Pond View Ln Smithtown, NY	3.0	2.5	2000	$4,500	$2.25	1d	1	0.36mi
313 Avalon Cir Smithtown, NY	1.0–3.0	1.0–2.0	1146	$4,185	$3.65	0d	1	0.63mi
25 Adrienne Ln Hauppauge, NY	4.0	2.5	2000	$5,300	$2.65	0d	1	0.94mi
24 Lindner Pl Smithtown, NY	3.0	2.0	1800	$4,350	$2.42	6d	1	1.20mi

Listing history 19 events

1. 2026-06-07
   status $779,999 Pending 22 DOM
2. 2026-06-04
   days on market $779,999 Active 22 DOM
3. 2026-06-03
   days on market $779,999 Active 21 DOM
4. 2026-06-02
   days on market $779,999 Active 20 DOM
5. 2026-06-01
   days on market $779,999 Active 19 DOM
6. 2026-05-31
   days on market $779,999 Active 18 DOM
7. 2026-04-08
   listed $779,999 Active 2025-char remark
8. 2013-09-05
   soldstatus $394,000
9. 2013-08-15
   soldstatus $394,000 386-char remark

   Show marketing remark (386 chars)

   This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(.23Ac)Gnds;Low-Tfc Site Near The Watermill...Kit/Center Isle+Vault Ceil'g;Lr+Fpl+Tray Ceil'g;M/Br+Bth;2 More Bths;Fr;2Gar;Igs;Cac;Star/$1071=$9,966.81 2012/13 Taxes;Vynl Sid'g;West H/S;B-B-Q Deck Off Dr;Paver Patio;Open Flr/Pln+Lite & Brite Home...And Easy To See!, Additional information: Appearance:Mint+,Separate Hotwater Heater:N

10. 2013-08-15
    soldstatus $394,000 Closed

    Show marketing remark (386 chars)

    This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(.23Ac)Gnds;Low-Tfc Site Near The Watermill...Kit/Center Isle+Vault Ceil'g;Lr+Fpl+Tray Ceil'g;M/Br+Bth;2 More Bths;Fr;2Gar;Igs;Cac;Star/$1071=$9,966.81 2012/13 Taxes;Vynl Sid'g;West H/S;B-B-Q Deck Off Dr;Paver Patio;Open Flr/Pln+Lite & Brite Home...And Easy To See!, Additional information: Appearance:Mint+,Separate Hotwater Heater:N

11. 2013-07-14
    status Under Contract

    Show marketing remark (336 chars)

    This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(. 23Ac)Gnds; Low-Tfc Site Near The Watermill. .. Kit/Center Isle+Vault Ceil'g; Lr+Fpl+Tray Ceil'g; M/Br+Bth; 2 More Bths; Fr; 2Gar; Igs; Cac; Star/$1071=$9,966.81 2012/13 Taxes; Vynl Sid'g; West H/S; B-B-Q Deck Off Dr; Paver Patio; Open Flr/Pln+Lite & Brite Home. .. And Easy To See!

12. 2013-06-01
    listed $429,888 New

    Show marketing remark (336 chars)

    This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(. 23Ac)Gnds; Low-Tfc Site Near The Watermill. .. Kit/Center Isle+Vault Ceil'g; Lr+Fpl+Tray Ceil'g; M/Br+Bth; 2 More Bths; Fr; 2Gar; Igs; Cac; Star/$1071=$9,966.81 2012/13 Taxes; Vynl Sid'g; West H/S; B-B-Q Deck Off Dr; Paver Patio; Open Flr/Pln+Lite & Brite Home. .. And Easy To See!

13. 2013-05-29
    listed $429,888 386-char remark

    Show marketing remark (386 chars)

    This Youthful Gem Has 4Br+3F/Bths On Lvl 100X100(.23Ac)Gnds;Low-Tfc Site Near The Watermill...Kit/Center Isle+Vault Ceil'g;Lr+Fpl+Tray Ceil'g;M/Br+Bth;2 More Bths;Fr;2Gar;Igs;Cac;Star/$1071=$9,966.81 2012/13 Taxes;Vynl Sid'g;West H/S;B-B-Q Deck Off Dr;Paver Patio;Open Flr/Pln+Lite & Brite Home...And Easy To See!, Additional information: Appearance:Mint+,Separate Hotwater Heater:N

14. 2013-02-14
    historical
15. 2012-07-14
    listed $429,876
16. 2007-04-09
    soldstatus $480,000
17. 2000-02-03
    soldstatus $30,000
18. 2000-02-03
    soldstatus $45,000
19. 1983-11-01
    soldstatus $35,000

ⓘ 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: $5,080 · $423/mo
• Projected year-2 tax: $9,131 · $761/mo
• Expected delta: +$4,051/yr (+$338/mo · 79.8%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,958
• − Mortgage interest: −$43,692
• − Property taxes: −$5,080
• − Insurance: −$3,900
• − Repairs & maintenance: −$4,397
• − Management: −$4,397
• − Depreciation: −$22,691
• Taxable loss: −$29,198
• Est. tax savings @ 24.0%: +$7,007
• After-tax cash flow: $-7,640/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: Smithtown Central School District
• NCES district ID: 3627060
• Math proficiency: 71% ▼ -6.00%
• Reading proficiency: 70% ▼ -1.00%
• Median HH income: $110,009
• Composite: 65.53/100
• National rank: #473
• State rank: #86 of 590 in NY

Livability — Hauppauge

• Score: 78/100
• State rank: #166
• US rank: #2580

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hauppauge, NY
• City population: 17,374
• Population (ZIP): 34,656

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: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Two or more races 8% Asian 5%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 5% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 3% Chinese 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: ▼ -670.62%
• Current HPI: 301.0617
• 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

+2128.6% since first listed

14 events — show timeline

• 2026-06-04 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-08 Listed $779,999 OneKey® MLS as Distributed by MLS Grid
• 2013-09-05 Sold (Public Records) $394,000 Public Records
• 2013-08-15 Sold (MLS) $394,000 OneKey® MLS as Distributed by MLS Grid
• 2013-08-15 Sold (MLS) $394,000 MLSLI
• 2013-07-14 Pending — MLSLI
• 2013-06-01 Listed $429,888 MLSLI
• 2013-05-29 Listed $429,888 OneKey® MLS as Distributed by MLS Grid
• 2013-02-14 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-07-14 Listed $429,876 OneKey® MLS as Distributed by MLS Grid
• 2007-04-09 Sold (Public Records) $480,000 Public Records
• 2000-02-03 Sold (Public Records) $45,000 Public Records
• 2000-02-03 Sold (Public Records) $30,000 Public Records
• 1983-11-01 Sold (Public Records) $35,000 Public Records

Property tax history

-4.3%/yr

Latest (2025): $5,080 · +0.0% YoY. Source: county tax records.