9568 State Route 97 · Callicoon, NY 12723

$279,000

2 bd · 1.0 ba · 1,159 sqft · SingleFamily public records · 309 Days on market

Built 1973 0.43 ac lot $241/sqft · 48% below area Est $539k · 48% under ↓ 13% since listing

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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 +21.9/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.0/10.0
• 1% rule +5.8/10.0
• Schools +4.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

Key facts

• Heated garage
• Level lawn
• Paved driveway

Tags

• BRICK RANCH HOME
• LEVEL LAWN
• MATURE TREES
• PAVED DRIVEWAY
• HEATED GARAGE
• WELL-DESIGNED KITCHEN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $279k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#1,135 in NY) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools C-, crime F, amenities F.
• Sullivan West Central School District (rural): math 45% / reading 47% proficiency, ranked #436 of 590 in NY (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 39 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 739 units permitted in Sullivan County in 2024 (5 in 5+ unit buildings).

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Sullivan County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$48k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 309 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Recommended offer $245,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 309 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 1.08% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.77%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

• ARV (median comp): $538,779
• List price: $279,000
• Delta: -48.22%
• Verdict: UNDERPRICED
• Comps: 10 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.2%
• Equity multiple: 3.30×
• Total profit: $180,060
• Equity at exit: $251,345

10-year hold

• IRR: 25.4%
• Equity multiple: 7.51×
• Total profit: $508,271
• Equity at exit: $542,036

Cash invested: $78,120 (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 12723

• Home prices YoY: 23.4%
• Active inventory: 39
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $3,000 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$350 /mo · $4,200/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $441

Break-even live

Break-even rent $2,442

Max offer price $279,000

Occupancy floor 80%

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 Mill St Callicoon, NY	3.0	2.0	1470	$3,000	$2.04	43d	1	1.34mi

Listing history 13 events

1. 2026-06-09
   statusdays on market $279,000 Pending 309 DOM
2. 2026-06-08
   days on market $279,000 Active 308 DOM
3. 2026-06-07
   days on market $279,000 Active 307 DOM
4. 2026-06-07
   days on market $279,000 Active 306 DOM
5. 2026-06-04
   days on market $279,000 Active 303 DOM
6. 2026-06-02
   days on market $279,000 Active 302 DOM
7. 2026-06-01
   days on market $279,000 Active 301 DOM
8. 2026-05-31
   days on market $279,000 Active 300 DOM
9. 2026-03-20
   price $279,000 1206-char remark

   Show marketing remark (1206 chars)

   Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

10. 2025-12-22
    price $289,000 1206-char remark

    Show marketing remark (1206 chars)

    Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

11. 2025-10-01
    price $299,000 1206-char remark

    Show marketing remark (1206 chars)

    Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

12. 2025-09-04
    price $309,000 1206-char remark

    Show marketing remark (1206 chars)

    Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

13. 2025-08-04
    listed $319,000 Active 1206-char remark

    Show marketing remark (1206 chars)

    Life in the Callicoon Catskills doesn’t get any better than this fine 2 bedroom brick ranch home surrounded by a level lawn and mature trees in a park-like setting. Easily accessed by a paved driveway which leads to a heated 2 car garage and breezeway. Inside find a well-designed kitchen with a comfortable dining room. The living room has a brick fireplace and a large picture window to enjoy nature. 2 large bedrooms and 1 full bath complete the first floor. Need space for hobbies or watching TV? Downstairs find a finished basement with family room/den with a large cedar closet (7.5x7.5), utility area with washer/dryer and a laundry chute. Home comes furnished-just move right in! Many upgrades to home include roof, furnace and energy efficient windows, making this a very comfortable home. Property consists of .73 acre which consists of two lots. Conveniently set and located on Route 97, a well-maintained paved road, only 1 mile from the Hamlet of Callicoon which boasts many stores and restaurants, and the Delaware River. Other nearby attractions are the Bethel Woods Performing Arts Center/Original Woodstock site, Roscoe, NY for trout fishing and many Catskills trout streams.

ⓘ 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: $4,200 · $350/mo
• Projected year-2 tax: $4,458 · $371/mo
• Expected delta: +$257/yr (+$21/mo · 6.1%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 14 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: $36,000
• − Mortgage interest: −$15,628
• − Property taxes: −$4,200
• − Insurance: −$1,395
• − Repairs & maintenance: −$2,880
• − Management: −$2,880
• − Depreciation: −$8,116
• Taxable income: $900
• Est. tax owed @ 24.0%: −$216
• After-tax cash flow: $5,071/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: Sullivan West Central School District
• NCES district ID: 3600023
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $56,078
• Composite: 40.05/100
• National rank: #3817
• State rank: #436 of 590 in NY

Livability — Callicoon

• Score: 55/100
• State rank: #1135
• US rank: #23427

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,854

Population outlook (Sullivan County) Hauer SSP2

• Today (2025): 68,974 people
• By 2030: 65,609 · -4.9%
• By 2040: 58,878 · -14.6%
• By 2050: 52,500 · -23.9%
• By 2075: 39,941 · -42.1%
• By 2100: 28,880 · -58.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 14% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3%
• Common ancestry: Romanian 4% Subsaharan African 3% Lithuanian 3%
• Foreign-born: 8% · Canada, China
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 3% French/Haitian/Cajun 2%

Political lean MEDSL · Sullivan

• 2024 margin: R (+16.7) · D 41.6% · R 58.4%
• 2008→2024 swing: -26.2pp toward R · 2008: 9.5pp · 2024: -16.7pp
• All cycles: 2024: R+16.7 2020: R+9.2 2016: R+13.7 2012: D+10.4 2008: D+9.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 64.22%
• Current HPI: 339.0364
• 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

-12.5% since first listed

5 events — show timeline

• 2026-03-20 Price Changed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-22 Price Changed $289,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-01 Price Changed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-04 Price Changed $309,000 OneKey® MLS as Distributed by MLS Grid
• 2025-08-04 Listed $319,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+2.3%/yr

Latest (2025): $4,200 · +1.3% YoY. Source: county tax records.