14 Plymouth Ave · Franklinville, NY 14737

$130,000

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 81 Days on market

Built 1965 0.30 ac lot $125/sqft · at area comps Est $132k · at est.

---

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 +8.1/15.0
• Appreciation +8.0/10.0
• Cash flow +7.6/30.0
• Schools +4.9/10.0
• Livability +3.1/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0

Listing remarks MLS

Welcome home to this well-maintained 3 bedroom, 1 bath ranch perfectly situated on a peaceful street just moments from the park, St. Philomena RC Church, and the American Legion. With easy access to Ellicottville, Olean, and all the conveniences of Franklinville, this location blends small-town comfort with everyday practicality. Inside, you’ll find large bedrooms, brand new carpet, vinyl windows and newer kitchen appliances and washer and dryer. The home features a 10-year-old roof and a blacktop driveway, offering peace of mind and low-maintenance living. Step outside to a large, fully fenced backyard—ideal for pets, play, gardening, or simply relaxing. The garage is a standout feature, offering A separate heated workshop/living/recreational space perfect for hobbies, storage, or creative use. A Space for 1 vehicle to be parked on the opposite side of the finished space. This property delivers comfort, convenience, and versatility in a location that keeps you close to everything. A wonderful opportunity for anyone seeking easy, single-level living with room to grow.

Key facts

• Blacktop driveway
• 0.3 acre lot
• 2 garage spots

Tags

• LARGE FULLY FENCED BACKYARD
• SEPARATE HEATED WORKSHOP
• BLACKTOP DRIVEWAY
• NEWER KITCHEN APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $-155 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $103k (21.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $103k (20.7% below list).
• Recommended offer: $103k (21.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 62/100 on livability (#856 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment C-, schools D+, amenities F.
• Franklinville Central School District (rural): math 60% / reading 57% proficiency, ranked #281 of 590 in NY (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 31 active listings in the ZIP; 128 units permitted in Cattaraugus County in 2024 (21 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($899 loan paydown + $8k appreciation (5.9% local appreciation)).
• Cattaraugus County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 5, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $130k implies a 225% gain — meaningful room to come down on a strong offer.

Recommended offer $102,615 (21.1% 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. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
8. 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.
9. 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.
10. 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: 0.79% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.11%
• DSCR: 0.77
• GRM: 10.5

CMA / ARV

• ARV (median comp): $131,844
• List price: $130,000
• Delta: -1.40%
• Verdict: FAIR
• Comps: 18 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7829 Pine St	0.22mi	2/1.0 (-1)	1,016 (-2%)	17mo	$121,500	$120	67
30 Howard St	0.39mi	3/1.0	987 (-5%)	13mo	$111,000	$112	63

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.1%
• Equity multiple: 1.75×
• Total profit: $27,166
• Equity at exit: $81,134

10-year hold

• IRR: 12.1%
• Equity multiple: 3.41×
• Total profit: $87,900
• Equity at exit: $146,626

Cash invested: $36,400 (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 14737

• Home prices YoY: 2.0%
• Active inventory: 31
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,031 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$233 /mo · $2,802/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $-155

Break-even live

Break-even rent $1,227

Max offer price $102,615

Occupancy floor —

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $130,000 Active 81 DOM
2. 2026-06-17
   days on market $130,000 Active 80 DOM
3. 2026-06-16
   days on market $130,000 Active 79 DOM
4. 2026-06-15
   days on market $130,000 Active 78 DOM
5. 2026-06-13
   days on market $130,000 Active 76 DOM
6. 2026-06-12
   days on market $130,000 Active 75 DOM
7. 2026-06-09
   days on market $130,000 Active 72 DOM
8. 2026-06-09
   days on market $130,000 Active 71 DOM
9. 2026-06-01
   days on market $130,000 Active 70 DOM
10. 2026-05-31
    days on market $130,000 Active 69 DOM
11. 2026-04-07
    price $140,000 1096-char remark

    Show marketing remark (1096 chars)

    Welcome home to this well-maintained 3 bedroom, 1 bath ranch perfectly situated on a peaceful street just moments from the park, St. Philomena RC Church, and the American Legion. With easy access to Ellicottville, Olean, and all the conveniences of Franklinville, this location blends small-town comfort with everyday practicality. Inside, you’ll find large bedrooms, brand new carpet, vinyl windows and newer kitchen appliances and washer and dryer. The home features a 10-year-old roof and a blacktop driveway, offering peace of mind and low-maintenance living. Step outside to a large, fully fenced backyard—ideal for pets, play, gardening, or simply relaxing. The garage is a standout feature, offering A separate heated workshop/living/recreational space perfect for hobbies, storage, or creative use. A Space for 1 vehicle to be parked on the opposite side of the finished space. This property delivers comfort, convenience, and versatility in a location that keeps you close to everything. A wonderful opportunity for anyone seeking easy, single-level living with room to grow.

12. 2026-03-22
    listed $149,000 Active 1096-char remark

    Show marketing remark (1096 chars)

    Welcome home to this well-maintained 3 bedroom, 1 bath ranch perfectly situated on a peaceful street just moments from the park, St. Philomena RC Church, and the American Legion. With easy access to Ellicottville, Olean, and all the conveniences of Franklinville, this location blends small-town comfort with everyday practicality. Inside, you’ll find large bedrooms, brand new carpet, vinyl windows and newer kitchen appliances and washer and dryer. The home features a 10-year-old roof and a blacktop driveway, offering peace of mind and low-maintenance living. Step outside to a large, fully fenced backyard—ideal for pets, play, gardening, or simply relaxing. The garage is a standout feature, offering A separate heated workshop/living/recreational space perfect for hobbies, storage, or creative use. A Space for 1 vehicle to be parked on the opposite side of the finished space. This property delivers comfort, convenience, and versatility in a location that keeps you close to everything. A wonderful opportunity for anyone seeking easy, single-level living with room to grow.

13. 2021-06-30
    soldstatus $40,000
14. 2020-12-18
    soldstatus $32,000

ⓘ 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: $2,802 · $233/mo
• Projected year-2 tax: $2,802 · $233/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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥88°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,370
• − Mortgage interest: −$7,282
• − Property taxes: −$2,802
• − Insurance: −$650
• − Repairs & maintenance: −$990
• − Management: −$990
• − Depreciation: −$3,782
• Taxable loss: −$4,125
• Est. tax savings @ 24.0%: +$990
• After-tax cash flow: $-870/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: Franklinville Central School District
• NCES district ID: 3611490
• Math proficiency: 60% ▲ 11.00%
• Reading proficiency: 57% ▲ 16.00%
• Median HH income: $41,110
• Composite: 49.0/100
• National rank: #2068
• State rank: #281 of 590 in NY

Livability — Franklinville

• Score: 62/100
• State rank: #856
• US rank: #16514

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Franklinville, NY
• Population (ZIP): 4,071

Population outlook (Cattaraugus County) Hauer SSP2

• Today (2025): 71,623 people
• By 2030: 67,751 · -5.4%
• By 2040: 59,488 · -16.9%
• By 2050: 51,601 · -28.0%
• By 2075: 35,025 · -51.1%
• By 2100: 21,243 · -70.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 5% Native American 1%
• Common ancestry: Romanian 10% Iranian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · German/W. Germanic 1%

Political lean MEDSL · Cattaraugus

• 2024 margin: Solid R (+32.8) · D 33.6% · R 66.4%
• 2008→2024 swing: -22.2pp toward R · 2008: -10.6pp · 2024: -32.8pp
• All cycles: 2024: R+32.8 2020: R+29.5 2016: R+34.4 2012: R+13.4 2008: R+10.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.93%
• Current HPI: 305.4492
• 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

+337.5% since first listed

4 events — show timeline

• 2026-04-07 Price Changed $140,000 UNYREIS
• 2026-03-22 Listed $149,000 UNYREIS
• 2021-06-30 Sold (Public Records) $40,000 Public Records
• 2020-12-18 Sold (Public Records) $32,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $2,802 · -4.2% YoY. Source: county tax records.