10 Hanningfield Cir · Fairport, NY 14450

$185,000

2 bd · 1.0 ba · 962 sqft · Townhouse public records · 8 Days on market

Built 1976 8,712 sqft lot $192/sqft · 39% below area Est $305k · 39% under

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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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.7/10.0
• Schools +5.4/10.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One level Ranch Townhouse with NO Association Fee * 2 Bedrooms, 1 Bathroom, Finished Basement, Freshly Painted inside and out, all Appliances remain, New Stove, Eat in Kitchen, Cedar Sided * new Carpet in a Bedroom * Luxury Vinyl Flooring in Family Room * updated bath with new shower * Fairport electric * Flat yard and driveway * Cul da Sac Street * Estate Sale * Close to Fairport village, Restaurants, Shopping. Also Listed as a Single Family Home R1675821. Open Saturday 5/9 from 12-2pm. Offers Due Wednesday 5/13 at 10am.

Key facts

• No association fee
• Ranch
• Eat in kitchen

Tags

• EASY ONE LEVEL LIVING
• RANCH
• EAT IN KITCHEN
• FAMILY ROOM
• FINISHED BASEMENT
• NO ASSOCIATION FEE

Property features AI

Exterior

• Parking: Attached garage with garage door opener; 1 garage space
• Utilities: Cable available; Electricity available with circuit breakers; Public water connected; Sewer connected
• Home design: Single-story home; Existing/resale property
• Construction: Asphalt roof; Cedar construction elements; Copper plumbing; Block foundation; Attic/crawl hatchway(s) insulated
• Exterior features: Blacktop driveway; Patio; Cul-de-sac lot; Near public transit; Rectangular, wooded residential lot; City street frontage

Interior

• Kitchen: Electric oven and range; Dishwasher; Disposal; Refrigerator; Eat-in kitchen
• Bedrooms: 2 main-level bedrooms; Bedroom on main level
• Flooring: Carpet; Resilient flooring; Varies
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas and electric); Central air conditioning
• Interior features: Den; Eat-in kitchen; Great room; Sliding glass doors; Window treatments; Drapes; Accessibility features including accessible bedroom and no stairs
• Laundry & utility: Washer and dryer in basement; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $185k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Cap rate 8.4% vs local median 3.4% in Fairport — 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 74/100 on livability (#301 in NY, #4,847 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, schools A; Watch: commute F.
• Fairport Central School District (suburban): math 55% / reading 66% proficiency, ranked #199 of 590 in NY (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: Rents soft (-0.8%/yr); 188 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,169 units permitted in Monroe County in 2024 (591 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.
• Monroe County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Recommended offer $185,000

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.17% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.46%
• DSCR: 1.33
• GRM: 7.1

CMA / ARV

• ARV (median comp): $305,250
• List price: $185,000
• Delta: -39.39%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26 Hanningfield Cir Cir	0.09mi	2/2.0	904 (-6%)	2mo	$261,000	$289	80
57 Broxbourne Dr	0.23mi	2/1.5	976 (+2%)	8mo	$201,000	$206	78
86 Broxbourne Dr	0.21mi	2/1.5	1,020 (+6%)	4mo	$200,000	$196	74
30 Broxbourne Dr	0.25mi	2/1.5	976 (+2%)	22mo	$203,000	$208	65

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.5%
• Equity multiple: 0.70×
• Total profit: $-15,715
• Equity at exit: $27,584

10-year hold

• IRR: -3.9%
• Equity multiple: 0.78×
• Total profit: $-11,410
• Equity at exit: $15,995

Cash invested: $51,800 (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 14450

• Rents YoY: -0.8%
• Active inventory: 188
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,168 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$343 /mo · $4,121/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $322

Break-even live

Break-even rent $1,760

Max offer price $185,000

Occupancy floor 80%

Sensitivity live

Price	-10% $427	-5% $374	+0% $322	+5% $270	+10% $217
Rent	-10% $151	-5% $236	+0% $322	+5% $408	+10% $493
Rate	-1.0pp $415	-0.5pp $369	base $322	+0.5pp $274	+1.0pp $225

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
131 Broxbourne Dr Fairport, NY	3.0	2.0	1110	$2,700	$2.43	11d	1	0.12mi
1 White Pine Cir Fairport, NY	1.0–2.0	1.0	720	$1,521	$2.11	3d	1	1.46mi

Listing history 4 events

1. 2026-05-13
   status Pending 549-char remark

   Show marketing remark (549 chars)

   One level Ranch Townhouse with NO Association Fee * 2 Bedrooms, 1 Bathroom, Finished Basement, Freshly Painted inside and out, all Appliances remain, New Stove, Eat in Kitchen, Cedar Sided * new Carpet in a Bedroom * Luxury Vinyl Flooring in Family Room * updated bath with new shower * Fairport electric * Flat yard and driveway * Cul da Sac Street * Estate Sale * Close to Fairport village, Restaurants, Shopping. Also Listed as a Single Family Home R1675821. Open Saturday 5/9 from 12-2pm. Offers Due Wednesday 5/13 at 10am.

2. 2026-05-13
   status Pending 702-char remark

   Show marketing remark (549 chars)

   One level Ranch Townhouse with NO Association Fee * 2 Bedrooms, 1 Bathroom, Finished Basement, Freshly Painted inside and out, all Appliances remain, New Stove, Eat in Kitchen, Cedar Sided * new Carpet in a Bedroom * Luxury Vinyl Flooring in Family Room * updated bath with new shower * Fairport electric * Flat yard and driveway * Cul da Sac Street * Estate Sale * Close to Fairport village, Restaurants, Shopping. Also Listed as a Single Family Home R1675821. Open Saturday 5/9 from 12-2pm. Offers Due Wednesday 5/13 at 10am.

3. 2026-05-05
   listed $185,000 Active 549-char remark

   Show marketing remark (549 chars)

   One level Ranch Townhouse with NO Association Fee * 2 Bedrooms, 1 Bathroom, Finished Basement, Freshly Painted inside and out, all Appliances remain, New Stove, Eat in Kitchen, Cedar Sided * new Carpet in a Bedroom * Luxury Vinyl Flooring in Family Room * updated bath with new shower * Fairport electric * Flat yard and driveway * Cul da Sac Street * Estate Sale * Close to Fairport village, Restaurants, Shopping. Also Listed as a Single Family Home R1675821. Open Saturday 5/9 from 12-2pm. Offers Due Wednesday 5/13 at 10am.

4. 2026-05-05
   listed $185,000 Active 702-char remark

   Show marketing remark (549 chars)

   One level Ranch Townhouse with NO Association Fee * 2 Bedrooms, 1 Bathroom, Finished Basement, Freshly Painted inside and out, all Appliances remain, New Stove, Eat in Kitchen, Cedar Sided * new Carpet in a Bedroom * Luxury Vinyl Flooring in Family Room * updated bath with new shower * Fairport electric * Flat yard and driveway * Cul da Sac Street * Estate Sale * Close to Fairport village, Restaurants, Shopping. Also Listed as a Single Family Home R1675821. Open Saturday 5/9 from 12-2pm. Offers Due Wednesday 5/13 at 10am.

ⓘ 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: $4,121 · $343/mo
• Projected year-2 tax: $4,121 · $343/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,016
• − Mortgage interest: −$10,363
• − Property taxes: −$4,121
• − Insurance: −$925
• − Repairs & maintenance: −$2,081
• − Management: −$2,081
• − Depreciation: −$5,382
• Taxable income: $1,063
• Est. tax owed @ 24.0%: −$255
• After-tax cash flow: $3,610/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: Fairport Central School District
• NCES district ID: 3610890
• Math proficiency: 55% ▼ -16.00%
• Reading proficiency: 66% ▲ 3.00%
• Median HH income: $74,981
• Composite: 53.84/100
• National rank: #1409
• State rank: #199 of 590 in NY

Livability — Fairport

• Score: 74/100
• State rank: #301
• US rank: #4847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Monroe County · 674,131 people
• City population: 42,750
• Metro: Rochester, NY
• Population (ZIP): 42,750
• Household income: $109,466
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 843.0

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 759,460 people
• By 2030: 757,154 · -0.3%
• By 2040: 740,644 · -2.5%
• By 2050: 714,443 · -5.9%
• By 2075: 645,883 · -15.0%
• By 2100: 547,084 · -28.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 3% Asian 2% Black 2%
• Common ancestry: Romanian 6% Lithuanian 2% Iranian 2%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 94% English-only · Other Indo-European 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Monroe

• 2024 margin: D (+19.1) · D 59.5% · R 40.5%
• 2008→2024 swing: +1.4pp toward D · 2008: 17.7pp · 2024: 19.1pp
• All cycles: 2024: D+19.1 2020: D+21.0 2016: D+14.1 2012: D+17.4 2008: D+17.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -189.56%
• Current HPI: 270.7329
• Rent YoY: ▼ -0.84%
• Metro: Rochester, 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

+0.0% since first listed

4 events — show timeline

• 2026-05-13 Pending — UNYREIS
• 2026-05-13 Pending — UNYREIS
• 2026-05-05 Listed $185,000 UNYREIS
• 2026-05-05 Listed $185,000 UNYREIS

Property tax history

+6.4%/yr

Latest (2025): $4,121 · +58.5% YoY. Source: county tax records.