23 Valley St · Jamestown, NY 14701

$35,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 33 Days on market

Built 1900 1,300 sqft lot $35/sqft · 43% below area Est $61k · 43% under ↓ 3% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two-bedroom home with many recent upgrades and vinyl siding located in the city of Jamestown. Offered at the same affordable price with even better value, this property presents a great opportunity for an investor or owner-occupant. The home has strong rental potential and could make an excellent addition to an investment portfolio. Convenient location and manageable size make this a practical property with upside potential.

Key facts

• Recent upgrades
• Manageable size
• Vinyl siding

Tags

• RECENT UPGRADES
• VINYL SIDING
• STRONG RENTAL POTENTIAL
• CONVENIENT LOCATION
• MANAGEABLE SIZE
• UPSIDE POTENTIAL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($950 rent vs $35k).
• Recommended offer: $34k (3.0% below list) — sets the bar for market timing.
• Cap rate 22.3% vs local median 16.8% in Jamestown — 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 69/100 on livability (#470 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, crime F.
• Jamestown City School District (town): math 33% / reading 42% proficiency, ranked #553 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 315 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $4k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $33,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.71% ✓
• Cap rate: 22.34%
• Cash-on-cash: 57.30%
• DSCR: 3.55
• GRM: 3.1

CMA / ARV

• ARV (median comp): $61,430
• List price: $35,000
• Delta: -36.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
617 Spring St	0.20mi	2/1.0	1,054 (+5%)	3mo	$15,000	$14	81
865 Lafayette St	0.17mi	3/1.0 (+1)	1,090 (+8%)	16mo	$47,500	$44	60
14 Sumner Pl	0.27mi	3/2.0 (+1)	1,127 (+12%)	1mo	$50,000	$44	58
805 Jefferson St	0.24mi	3/1.0 (+1)	1,052 (+4%)	23mo	$47,000	$45	58

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: 55.8%
• Equity multiple: 3.47×
• Total profit: $24,174
• Equity at exit: $5,219

10-year hold

• IRR: 60.8%
• Equity multiple: 7.08×
• Total profit: $59,589
• Equity at exit: $3,026

Cash invested: $9,800 (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 14701

• Home prices YoY: -18.5%
• Active inventory: 315
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $950 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$85 /mo · $1,014/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $468

Break-even live

Break-even rent $358

Max offer price $35,000

Occupancy floor 46%

Sensitivity live

Price	-10% $488	-5% $478	+0% $468	+5% $458	+10% $448
Rent	-10% $393	-5% $430	+0% $468	+5% $506	+10% $543
Rate	-1.0pp $486	-0.5pp $477	base $468	+0.5pp $459	+1.0pp $450

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
607 Pine St Unit 3 Jamestown, NY	1.0	1.0	750	$825	$1.10	44d	1	0.21mi
21 Spring St Jamestown, NY	2.0	1.0	1000	$1,000	$1.00	44d	1	0.35mi
317 Fairmount Ave Unit G-1 Jamestown, NY	2.0	2.0	1215	$1,295	$1.07	44d	1	0.99mi
148 Maple St Jamestown, NY	3.0	1.0	1424	$1,350	$0.95	44d	1	1.19mi

Listing history 21 events

1. 2026-06-21
   days on market $35,000 Active 33 DOM
2. 2026-06-19
   days on market $35,000 Active 31 DOM
3. 2026-06-18
   days on market $35,000 Active 30 DOM
4. 2026-06-17
   days on market $35,000 Active 29 DOM
5. 2026-06-16
   days on market $35,000 Active 28 DOM
6. 2026-06-16
   price $35,000 Active 27 DOM
7. 2026-06-15
   days on market $38,900 Active 27 DOM
8. 2026-06-14
   days on market $38,900 Active 25 DOM
9. 2026-06-12
   days on market $38,900 Active 24 DOM
10. 2026-06-09
    days on market $38,900 Active 21 DOM
11. 2026-06-08
    days on market $38,900 Active 20 DOM
12. 2026-06-07
    days on market $38,900 Active 19 DOM
13. 2026-06-05
    days on market $38,900 Active 16 DOM
14. 2026-06-02
    days on market $38,900 Active 14 DOM
15. 2026-06-01
    days on market $38,900 Active 13 DOM
16. 2026-05-31
    days on market $38,900 Active 12 DOM
17. 2026-05-30
    days on market $38,900 Active 11 DOM
18. 2026-05-19
    historical

    Show marketing remark (428 chars)

    Two-bedroom home with many recent upgrades and vinyl siding located in the city of Jamestown. Offered at the same affordable price with even better value, this property presents a great opportunity for an investor or owner-occupant. The home has strong rental potential and could make an excellent addition to an investment portfolio. Convenient location and manageable size make this a practical property with upside potential.

19. 2026-05-19
    listed $38,900 Active 428-char remark

    Show marketing remark (428 chars)

    Two-bedroom home with many recent upgrades and vinyl siding located in the city of Jamestown. Offered at the same affordable price with even better value, this property presents a great opportunity for an investor or owner-occupant. The home has strong rental potential and could make an excellent addition to an investment portfolio. Convenient location and manageable size make this a practical property with upside potential.

20. 2026-02-24
    price $38,900
21. 2026-01-18
    listed $39,900 Active

ⓘ 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: $1,014 · $85/mo
• Projected year-2 tax: $1,014 · $85/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 ≥91°F today · 17 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: $11,402
• − Mortgage interest: −$1,961
• − Property taxes: −$1,014
• − Insurance: −$175
• − Repairs & maintenance: −$912
• − Management: −$912
• − Depreciation: −$1,018
• Taxable income: $5,410
• Est. tax owed @ 24.0%: −$1,298
• After-tax cash flow: $4,317/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: Jamestown City School District
• NCES district ID: 3615630
• Math proficiency: 33% ▼ -3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $32,240
• Composite: 30.69/100
• National rank: #6176
• State rank: #553 of 590 in NY

Livability — Jamestown

• Score: 69/100
• State rank: #470
• US rank: #8213

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, NY
• County: Chautauqua County · 38,461 people
• City population: 38,461
• Metro: Jamestown-Dunkirk-Fredonia, NY
• Population (ZIP): 38,461
• Household income: $49,685
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 1838.0

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 6% Black 3%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.93%
• Current HPI: 259.402
• Rent YoY: —
• Metro: Jamestown-Dunkirk-Fredonia, 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

-2.5% since first listed

4 events — show timeline

• 2026-05-19 Listed $38,900 UNYREIS
• 2026-05-19 Listing Removed — UNYREIS
• 2026-02-24 Price Changed $38,900 UNYREIS
• 2026-01-18 Listed $39,900 UNYREIS

Property tax history

-4.2%/yr

Latest (2025): $1,014 · +4.8% YoY. Source: county tax records.