2100 Owego Rd Rd · Endicott, NY 13850

$195,000

4 bd · 1.0 ba · 1,640 sqft · Other public records · 23 Days on market

Built 1890 0.88 ac lot

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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 +14.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +5.7/10.0
• DSCR +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Rare Ross Corners investment opportunity!! This property features two single family rental homes on one lot, in a neighborhood where multifamily properties are a rare find. Both tenants are long term, meaning the next owner can step into a stable, low maintenance investment. Tenants pay all utilities including water, helping keep your monthly expenses low and your headaches even lower. House A furnace replaced in 2025, house B is connected to private septic, and a brand new back porch was added this spring! The long term tenants have treated the property like home for years, creating a “set it and forget it” desirable rental setup.

Key facts

• Furnace replaced
• Long term tenants
• Private septic

Tags

• TWO SINGLE FAMILY RENTAL HOMES
• MULTIFAMILY PROPERTIES
• LONG TERM TENANTS
• FURNACE REPLACED
• PRIVATE SEPTIC
• BRAND NEW BACK PORCH

Property features AI

Finance

• Other: Zoned residential
• Financial info: Unit 1 rent: $1,050; Unit 2 rent: $1,000

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer and septic tank; Cable available
• Home design: Duplex residential income property
• Construction: Aluminum siding; Shake siding; Above-grade finished area approximately 2,510
• Exterior features: Porch; Lot is level to sloped down

Interior

• Kitchen: Oven; Range; Refrigerator
• Bedrooms: Unit 1: 4 bedrooms; Unit 2: 4 bedrooms
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms (total on property); Unit 1: 1 bathroom; Unit 2: 1 bathroom
• Heating & cooling: Forced air heating; Ceiling fan(s)
• Interior features: Gas water heater; Oven; Range; Refrigerator; Carpet, laminate and vinyl flooring; Partial basement
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $195k.

Deal economics

• At list price, monthly cash flow is $-28 ($-335/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (2.5% below list).
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $190k (2.5% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 70/100 on livability (#438 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D, crime F, commute F.
• Vestal Central School District (suburban): math 63% / reading 68% proficiency, ranked #168 of 590 in NY (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Clayton Avenue Elementary School (math 52% / reading 62%, grade C+, #842 of 2,108 statewide, top 43%, 248 students, 49% FRL); Vestal Middle School (math 45% / reading 64%, grade B-, #214 of 729 statewide, top 31%, 781 students, 31% FRL); Vestal Senior High School (math 100%, 1,000 students, 26% FRL) — zoned schools average 35% FRL vs 17% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 90 active listings in the ZIP; 340 units permitted in Broome County in 2024 (269 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $195k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; flood insurance adds $56/mo; built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,063 (2.5% 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. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
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 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: 1.07% ✓
• Cap rate: 6.46%
• Cash-on-cash: 0.61%
• DSCR: 1.03
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.39×
• Total profit: $-33,149
• Equity at exit: $29,075

10-year hold

• IRR: -8.9%
• Equity multiple: 0.45×
• Total profit: $-30,224
• Equity at exit: $16,860

Cash invested: $54,600 (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 13850

• Home prices YoY: -33.5%
• Active inventory: 90
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,079 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$511 /mo · $6,131/yr
• Insurance: −$81
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-28

Break-even live

Break-even rent $2,114

Max offer price $190,063

Occupancy floor 96%

Sensitivity live

Price	-10% $82	-5% $27	+0% $-28	+5% $-83	+10% $-138
Rent	-10% $-192	-5% $-110	+0% $-28	+5% $54	+10% $136
Rate	-1.0pp $70	-0.5pp $22	base $-28	+0.5pp $-78	+1.0pp $-130

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $195,000 Active 23 DOM
2. 2026-06-19
   days on market $195,000 Active 21 DOM
3. 2026-06-18
   price $195,000 Active 20 DOM
4. 2026-06-18
   days on market $210,000 Active 20 DOM
5. 2026-06-17
   days on market $210,000 Active 19 DOM
6. 2026-06-16
   days on market $210,000 Active 18 DOM
7. 2026-06-15
   days on market $210,000 Active 17 DOM
8. 2026-06-14
   days on market $210,000 Active 15 DOM
9. 2026-06-13
   days on market $210,000 Active 14 DOM
10. 2026-06-10
    days on market $210,000 Active 12 DOM
11. 2026-06-09
    days on market $210,000 Active 11 DOM
12. 2026-06-08
    days on market $210,000 Active 10 DOM
13. 2026-06-07
    days on market $210,000 Active 9 DOM
14. 2026-06-02
    days on market $210,000 Active 4 DOM
15. 2026-06-01
    days on market $210,000 Active 3 DOM
16. 2026-05-31
    days on market $210,000 Active 2 DOM
17. 2026-05-29
    listed $210,000 Active
18. 2015-10-15
    soldstatus $65,000
19. 2015-10-15
    soldstatus $65,000
20. 2015-02-02
    listed $74,900
21. 2015-02-02
    listed $74,900
22. 2013-06-26
    listed $64,900
23. 2013-06-26
    listed $64,900
24. 2012-04-11
    listed $79,900
25. 2012-04-11
    listed $79,900
26. 2010-03-07
    listed $79,900
27. 2010-03-07
    listed $79,900

ⓘ 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: $6,131 · $511/mo
• Projected year-2 tax: $6,131 · $511/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 7/10 Severe FEMA zone X · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 8 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 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: $24,947
• − Mortgage interest: −$10,923
• − Property taxes: −$6,131
• − Insurance: −$1,642
• − Repairs & maintenance: −$1,996
• − Management: −$1,996
• − Depreciation: −$5,673
• Taxable loss: −$3,413
• Est. tax savings @ 24.0%: +$819
• After-tax cash flow: $484/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: Vestal Central School District
• NCES district ID: 3629610
• Math proficiency: 63% ▼ -7.00%
• Reading proficiency: 68% ▲ 4.00%
• Median HH income: $64,143
• Composite: 56.97/100
• National rank: #1111
• State rank: #168 of 590 in NY

Livability — Endicott

• Score: 70/100
• State rank: #438
• US rank: #7657

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 42,896
• Population (ZIP): 23,675

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 (78%)
• Race & ethnicity: White 78% Asian 12% Hispanic / Latino 5% Two or more races 5% Black 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Italian 2%
• Foreign-born: 14% · China, Canada, South Korea
• Languages at home: 84% English-only · Chinese 6% Other Indo-European 5% Other Asian/Pacific 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: —

Market trends

• HPI YoY: ▼ -142.14%
• Current HPI: 282.4645
• 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

+162.8% since first listed

11 events — show timeline

• 2026-05-29 Listed $210,000 GBAOR
• 2015-10-15 Sold (MLS) $65,000 GBAOR
• 2015-10-15 Sold (MLS) $65,000 GBAOR
• 2015-02-02 Listed $74,900 GBAOR
• 2015-02-02 Listed $74,900 GBAOR
• 2013-06-26 Listed $64,900 GBAOR
• 2013-06-26 Listed $64,900 GBAOR
• 2012-04-11 Listed $79,900 GBAOR
• 2012-04-11 Listed $79,900 GBAOR
• 2010-03-07 Listed $79,900 GBAOR
• 2010-03-07 Listed $79,900 GBAOR

Property tax history

+2.8%/yr

Latest (2025): $6,131 · +1.8% YoY. Source: county tax records.