1370 Maple Rd #5 · Williamsville, NY 14221

$159,000

2 bd · 1.5 ba · 1,160 sqft · Condo public records · 13 Days on market

Built 1968 $408/mo HOA · 18% of rent

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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 +24.6/30.0
• 1% rule +9.3/10.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• Schools +6.3/10.0
• Livability +4.2/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

High demand Oakbrook condominiums. Treetop views second floor unit. Great opportunity to build equity by updating and decorate to your taste. Features 2 large bedrooms, 1.5 baths, Master bedroom with en-suite bath and walk-in closet, a bright and spacious living and dining room, private storage and laundry in the basement. Located in the center of Williamsville, Oakbrook is a fabulous community and well maintained complex with a low HOA fee, offers manicured grounds, Community house for private events, tennis court and a spectacular pool. Just minutes to shopping, parks, highways, UB North & more. No pets, No rentals. Don’t let this opportunity pass you by!

Key facts

• Treetop views
• Tennis court
• Private storage

Tags

• TREETOP VIEWS
• PRIVATE STORAGE
• MANICURED GROUNDS
• TENNIS COURT
• SPECTACULAR POOL

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $159k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Cap rate 8.8% vs local median 3.5% in Williamsville — 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 84/100 on livability (#44 in NY, #693 nationally) — a professional / high-income tenant draw. Strengths: schools A+, commute A+, employment A+.
• Williamsville Central School District (suburban): math 64% / reading 77% proficiency, ranked #114 of 590 in NY (top 19%) — strong family-tenant draw, lease renewals of 3-5y typical; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+5.0%/yr); 329 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,244 units permitted in Erie County in 2024 (563 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 $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y 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 $120k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $159,000

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.43% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.88%
• DSCR: 1.40
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.01% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.00×
• Total profit: $181
• Equity at exit: $23,707

10-year hold

• IRR: 12.3%
• Equity multiple: 2.09×
• Total profit: $48,334
• Equity at exit: $13,747

Cash invested: $44,520 (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 14221

• Rents YoY: 5.0%
• Active inventory: 329
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$834
• Tax from tax record: −$162 /mo · $1,939/yr
• Insurance: −$66
• HOA: −$408
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $330

Break-even live

Break-even rent $1,860

Max offer price $159,000

Occupancy floor 81%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 Segsbury Rd Buffalo, NY	3.0	2.0	1488	$2,950	$1.98	23d	1	0.36mi
990 Hopkins Rd Unit G Buffalo, NY	2.0	2.0	1100	$2,200	$2.00	11d	1	0.99mi
540 Mill St Buffalo, NY	3.0	1.5	1300	$2,095	$1.61	1d	1	0.99mi
1325 N Forest Rd Buffalo, NY	1.0–3.0	1.0	870	$1,748	$2.01	1d	9	1.14mi
23 Northwood Dr Buffalo, NY	1.0–2.0	1.0–2.0	800	$2,145	$2.68	1d	1	1.33mi
255 Evans St Williamsville, NY	1.0–2.0	1.0–2.0	975	$2,350	$2.41	1d	13	1.39mi

HOA detail condo

• Monthly dues: $408 · $4,896/yr
• Likely covers: landscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-03-26
   status Pending
2. 2026-03-21
   price $159,000
3. 2026-03-13
   listed $165,000 Active
4. 2021-02-25
   soldstatus $120,000
5. 2021-02-22
   soldstatus $120,000 Closed Sale or Rented 677-char remark

   Show marketing remark (677 chars)

   High demand Oakbrook condominiums. Treetop views second floor unit. Great opportunity to build equity by updating and decorate to your taste. Features 2 large bedrooms, 1.5 baths, Master bedroom with en-suite bath and walk-in closet, a bright and spacious living and dining room, private storage and laundry in the basement. Located in the center of Williamsville, Oakbrook is a fabulous community and well maintained complex with a low HOA fee, offers manicured grounds, Community house for private events, tennis court and a spectacular pool. Just minutes to shopping, parks, highways, UB North & more. No pets, No rentals. Don’t let this opportunity pass you by!

6. 2021-02-03
   status Pending Sale 677-char remark

   Show marketing remark (677 chars)

   High demand Oakbrook condominiums. Treetop views second floor unit. Great opportunity to build equity by updating and decorate to your taste. Features 2 large bedrooms, 1.5 baths, Master bedroom with en-suite bath and walk-in closet, a bright and spacious living and dining room, private storage and laundry in the basement. Located in the center of Williamsville, Oakbrook is a fabulous community and well maintained complex with a low HOA fee, offers manicured grounds, Community house for private events, tennis court and a spectacular pool. Just minutes to shopping, parks, highways, UB North & more. No pets, No rentals. Don’t let this opportunity pass you by!

7. 2020-12-28
   status Under Contract- Do Not Show 677-char remark

   Show marketing remark (677 chars)

   High demand Oakbrook condominiums. Treetop views second floor unit. Great opportunity to build equity by updating and decorate to your taste. Features 2 large bedrooms, 1.5 baths, Master bedroom with en-suite bath and walk-in closet, a bright and spacious living and dining room, private storage and laundry in the basement. Located in the center of Williamsville, Oakbrook is a fabulous community and well maintained complex with a low HOA fee, offers manicured grounds, Community house for private events, tennis court and a spectacular pool. Just minutes to shopping, parks, highways, UB North & more. No pets, No rentals. Don’t let this opportunity pass you by!

8. 2020-12-22
   listed $115,000 Active 677-char remark

   Show marketing remark (677 chars)

   High demand Oakbrook condominiums. Treetop views second floor unit. Great opportunity to build equity by updating and decorate to your taste. Features 2 large bedrooms, 1.5 baths, Master bedroom with en-suite bath and walk-in closet, a bright and spacious living and dining room, private storage and laundry in the basement. Located in the center of Williamsville, Oakbrook is a fabulous community and well maintained complex with a low HOA fee, offers manicured grounds, Community house for private events, tennis court and a spectacular pool. Just minutes to shopping, parks, highways, UB North & more. No pets, No rentals. Don’t let this opportunity pass you by!

9. 1994-11-30
   soldstatus $65,500

ⓘ 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: $1,939 · $162/mo
• Projected year-2 tax: $2,313 · $193/mo
• Expected delta: +$374/yr (+$31/mo · 19.3%)

ⓘ 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 3/10 Moderate 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,329
• − Mortgage interest: −$8,906
• − Property taxes: −$1,939
• − Insurance: −$795
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − HOA: −$4,896
• − Depreciation: −$4,625
• Taxable income: $1,794
• Est. tax owed @ 24.0%: −$431
• After-tax cash flow: $3,523/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: Williamsville Central School District
• NCES district ID: 3631470
• Math proficiency: 64% ▼ -14.00%
• Reading proficiency: 77% ▲ 6.00%
• Median HH income: $79,907
• Composite: 62.59/100
• National rank: #678
• State rank: #114 of 590 in NY

Livability — Williamsville

• Score: 84/100
• State rank: #44
• US rank: #693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Erie County · 714,559 people
• City population: 55,255
• Metro: Buffalo-Cheektowaga, NY
• Population (ZIP): 55,255
• Household income: $101,615
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 1956.0

Population outlook (Erie County) Hauer SSP2

• Today (2025): 933,037 people
• By 2030: 935,181 · +0.2%
• By 2040: 928,531 · -0.5%
• By 2050: 905,725 · -2.9%
• By 2075: 834,037 · -10.6%
• By 2100: 708,033 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Asian 8% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 15% Lithuanian 2% Slovak 2%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 88% English-only · Other Indo-European 3% Other Asian/Pacific 2% Spanish 2%

Political lean MEDSL · Erie

• 2024 margin: Lean D (+9.7) · D 54.8% · R 45.2%
• 2008→2024 swing: -7.9pp toward R · 2008: 17.5pp · 2024: 9.7pp
• All cycles: 2024: D+9.7 2020: D+14.7 2016: D+4.8 2012: D+15.6 2008: D+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -301.37%
• Current HPI: 322.6947
• Rent YoY: ▲ 5.01%
• Metro: Buffalo-Cheektowaga, NY
• 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

+142.7% since first listed

9 events — show timeline

• 2026-03-26 Pending — WNYREIS
• 2026-03-21 Price Changed $159,000 WNYREIS
• 2026-03-13 Listed $165,000 WNYREIS
• 2021-02-25 Sold (Public Records) $120,000 Public Records
• 2021-02-22 Sold (MLS) $120,000 WNYREIS
• 2021-02-03 Pending — WNYREIS
• 2020-12-28 Pending — WNYREIS
• 2020-12-22 Listed $115,000 WNYREIS
• 1994-11-30 Sold (Public Records) $65,500 Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,939 · +1.8% YoY. Source: county tax records.