1661 Old Country Rd #195 · Calverton, NY 11901

$245,000

2 bd · 2.0 ba · 1,156 sqft · Manufactured · 105 Days on market

Built 1997 Good condition $212/sqft · at area comps Est $236k · at est.

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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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +5.8/15.0
• Condition / age +3.8/5.0
• Schools +3.6/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Just Listed! Move right into this mint 2-bedroom, 2-bathroom home, beautifully maintained and priced at $245,000. The spacious layout features split bedrooms for added privacy, a bright Florida room off the dining area, and a well-kept interior throughout. Sun filled with plenty of windows, high ceilings and skylights. Enjoy peace of mind with a new heating and air-conditioning system, plus a 10-year-old roof in excellent condition. The property is surrounded by beautiful flowering landscaping, adding charm and great curb appeal. Additional highlights include a hookup for a generator, a large shed, and a private, spacious yard—perfect for relaxing or entertaining. This solid, well-cared-for home is a fantastic and won't last. Buyers should hurry—this one won’t last!

Key facts

• Private yard
• 10-year-old roof
• Large shed

Tags

• 10-YEAR-OLD ROOF
• FLOWERING LANDSCAPING
• HOOKUP FOR A GENERATOR
• LARGE SHED
• PRIVATE YARD

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $245k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $835 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $223k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 7.2% in Calverton — 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 58/100 on livability (#1,053 in NY) — a working-class tenant base; expect higher turnover. Watch: crime C-, schools D, employment D.
• Riverhead Central School District (suburban): math 34% / reading 48% proficiency, ranked #489 of 590 in NY (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 188 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $69k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.31% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.60%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $236,249
• List price: $245,000
• Delta: 3.70%
• Verdict: FAIR
• Comps: 18 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1661 Old Country Rd #195	0.00mi	2/2.0	1,156 (0%)	1mo	$237,000	$205	99
1661 Old Country Rd #166	0.26mi	2/2.0	1,152 (-0%)	5mo	$260,000	$226	83
1661 Old Country Rd #506	0.08mi	2/2.0	1,232 (+7%)	3mo	$329,999	$268	83
1661-290 Old Country Rd #290	0.26mi	2/2.0	1,152 (-0%)	7mo	$240,000	$208	81
1661 Old Country Rd #301	0.08mi	2/2.0	1,088 (-6%)	10mo	$249,000	$229	78
1661 Old Country Rd #435	0.08mi	2/2.0	1,270 (+10%)	7mo	$301,000	$237	74
1661 Old Country Rd #348	0.26mi	2/2.0	1,248 (+8%)	1mo	$310,000	$248	73
1661-364 Old Country Road Pondwood #364 Rd	0.18mi	2/2.0	1,248 (+8%)	6mo	$241,500	$194	73
1661 Old Country Rd #280	0.26mi	2/2.0	1,008 (-13%)	4mo	$185,000	$184	63
1661-179 Old Country Rd	0.26mi	2/2.0	1,036 (-10%)	10mo	$215,000	$208	62
1661 Old Country Rd #294	0.26mi	2/2.0	1,036 (-10%)	12mo	$190,000	$183	60
433 Mill Rd #57	0.48mi	3/1.0 (+1)	1,000 (-14%)	7mo	$155,000	$155	41

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $13,520
• Equity at exit: $36,530

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $80,438
• Equity at exit: $21,183

Cash invested: $68,600 (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 11901

• Home prices YoY: -29.5%
• Active inventory: 188
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,200 medium
• Mortgage (P&I): −$1,285
• Tax est. 1.5%: −$306 /mo · $3,675/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $835

Break-even live

Break-even rent $2,143

Max offer price $245,000

Occupancy floor 69%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1278 W Main St Riverhead, NY	2.0	1.0	704	$3,200	$4.55	44d	1	0.35mi

Listing history 3 events

1. 2026-05-08
   status Active 795-char remark

   Show marketing remark (795 chars)

   Just Listed! Move right into this mint 2-bedroom, 2-bathroom home, beautifully maintained and priced at $245,000. The spacious layout features split bedrooms for added privacy, a bright Florida room off the dining area, and a well-kept interior throughout. Sun filled with plenty of windows, high ceilings and skylights. Enjoy peace of mind with a new heating and air-conditioning system, plus a 10-year-old roof in excellent condition. The property is surrounded by beautiful flowering landscaping, adding charm and great curb appeal. Additional highlights include a hookup for a generator, a large shed, and a private, spacious yard—perfect for relaxing or entertaining. This solid, well-cared-for home is a fantastic and won't last. Buyers should hurry—this one won’t last!

2. 2026-05-01
   historical 795-char remark

   Show marketing remark (795 chars)

   Just Listed! Move right into this mint 2-bedroom, 2-bathroom home, beautifully maintained and priced at $245,000. The spacious layout features split bedrooms for added privacy, a bright Florida room off the dining area, and a well-kept interior throughout. Sun filled with plenty of windows, high ceilings and skylights. Enjoy peace of mind with a new heating and air-conditioning system, plus a 10-year-old roof in excellent condition. The property is surrounded by beautiful flowering landscaping, adding charm and great curb appeal. Additional highlights include a hookup for a generator, a large shed, and a private, spacious yard—perfect for relaxing or entertaining. This solid, well-cared-for home is a fantastic and won't last. Buyers should hurry—this one won’t last!

3. 2026-01-30
   listed $245,000 Active 795-char remark

   Show marketing remark (795 chars)

   Just Listed! Move right into this mint 2-bedroom, 2-bathroom home, beautifully maintained and priced at $245,000. The spacious layout features split bedrooms for added privacy, a bright Florida room off the dining area, and a well-kept interior throughout. Sun filled with plenty of windows, high ceilings and skylights. Enjoy peace of mind with a new heating and air-conditioning system, plus a 10-year-old roof in excellent condition. The property is surrounded by beautiful flowering landscaping, adding charm and great curb appeal. Additional highlights include a hookup for a generator, a large shed, and a private, spacious yard—perfect for relaxing or entertaining. This solid, well-cared-for home is a fantastic and won't last. Buyers should hurry—this one won’t last!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,400
• − Mortgage interest: −$13,724
• − Property taxes: −$3,675
• − Insurance: −$1,225
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − Depreciation: −$7,127
• Taxable income: $6,505
• Est. tax owed @ 24.0%: −$1,561
• After-tax cash flow: $8,457/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained 2-bedroom, 2-bathroom manufactured home is ready for a fresh update to its kitchen and bathrooms, which would significantly enhance its resale and rental value.

Repairs flagged

• Minor kitchen cabinets — dated design
• Minor bathroom fixtures — dated design
• Minor kitchen wallpaper — dated design
• Minor bathroom wallpaper — dated design

Value-add opportunities

• Resale update kitchen cabinets — modernizing kitchen
• Resale update bathroom fixtures — modernizing bathroom
• Both paint exterior — enhances curb appeal
• Both replace carpet — improves comfort and appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated design	Minor	$500–3,000
bathroom fixtures · dated design	Minor	$500–3,000
kitchen wallpaper · dated design	Minor	$500–3,000
bathroom wallpaper · dated design	Minor	$500–3,000
Total estimated repair cost · 4 items		$2,000–12,000

Value-add ROI direction

• Resale update kitchen cabinets — modernizing kitchen ↑
• Resale update bathroom fixtures — modernizing bathroom ↑
• Both paint exterior — enhances curb appeal ↑
• Both replace carpet — improves comfort and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Riverhead Central School District
• NCES district ID: 3624690
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 48% ▲ 13.00%
• Median HH income: $61,607
• Composite: 36.38/100
• National rank: #4683
• State rank: #489 of 590 in NY

Livability — Calverton

• Score: 58/100
• State rank: #1053
• US rank: #20908

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Calverton, NY
• City population: 6,784
• Population (ZIP): 32,921

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Hispanic / Latino 29% Two or more races 14% Black 11% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Iranian 1% Portuguese 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 26% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -182.60%
• Current HPI: 436.7781
• 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

3 events — show timeline

• 2026-05-08 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-05-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-01-30 Listed $245,000 OneKey® MLS as Distributed by MLS Grid