97 Burnham Ave · Roslyn Heights, NY 11577

$1,372,000

4 bd · 2.5 ba · 2,453 sqft · SingleFamily public records · 317 Days on market

Built 1961 5,000 sqft lot $559/sqft · 18% below area Est $1682k · 18% under

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Why this score? — see what drove the C 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 +15.1/30.0
• ARV discount +15.0/15.0
• Schools +7.7/10.0
• DSCR +4.6/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity Knocks! 97 Burnham Avenue is a mint condition move in ready single family colonial, tucked away on a quiet cul-de-sac of Roslyn Heights. Corner property sitting on a 50x100 lot featuring a wide private driveway, garage and tons of yard space to enjoy outdoor gatherings. Large families will appreciate 97 Burnham Avenue. The first floor features an expansive sun drenched, modern open concept living/ dining area which provides great space for entertaining. The spacious eat in kitchen is equipped with floor to ceiling cabinetry, adorned with a full fleet of stainless steel appliances, island for bar stool seating and leads out into lush rear yard. 1/2 bath on first floor for your guest. Up a flight of stairs onto second floor 4 king sized bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite with jacuzzi and skylight. Down the hall a fully tiled bathroom is shared between the 3 additional bedrooms. The high ceiling full finished basement is equipped with a laundry room, ample storage space and can easily be used as additional recreational space. This turn key move in ready single family is conveniently located with close proximity to major transportation which makes commuting a breeze. Short blocks to Roslyn LIRR, Mineola Avenue, Powerhouse road, Long Island Expressway, Northern State parkway. Short blocks to wide array of shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

Key facts

• Quiet cul-de-sac
• Private driveway
• Eat in kitchen

Tags

• QUIET CUL-DE-SAC
• CORNER PROPERTY
• PRIVATE DRIVEWAY
• YARD SPACE
• EAT IN KITCHEN
• FLOOR TO CEILING CABINETRY

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $1.37M.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.20M (12.5% below list).
• Recommended offer: $1.20M (12.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#98 in NY, #1,499 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, commute A+; Watch: amenities D+, cost of living F.
• Roslyn Union Free School District (suburban): math 83% / reading 82% proficiency, ranked #28 of 590 in NY (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 71 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $9k of loan paydown is wiped out by about $41k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 317 days — a 12% lower offer ($1.21M) 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.
• Current owner paid $230k; list at $1.37M implies a 497% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 55% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,200,000 (12.5% below list)

Questions for the listing agent

1. It's been on market 317 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — 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. 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?
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: 0.87% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.42%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

• ARV (median comp): $1,681,584
• List price: $1,372,000
• Delta: -18.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37 Maple St	0.05mi	4/2.5	2,500 (+2%)	7mo	$1,550,000	$620	88
15 Dianas Cir	0.17mi	4/3.0	2,416 (-2%)	6mo	$1,665,000	$689	82
107 Warner Ave	0.34mi	4/2.5	2,404 (-2%)	7mo	$930,000	$387	75
5 Hillside Ave	0.37mi	4/2.0	2,230 (-9%)	2mo	$1,305,000	$585	64
22 Junard Dr	0.46mi	4/3.0	2,500 (+2%)	13mo	$1,475,000	$590	63
134 Warner Ave	0.36mi	5/2.5 (+1)	2,296 (-6%)	6mo	$1,112,500	$485	62
38 High St	0.39mi	5/2.0 (+1)	2,240 (-9%)	3mo	$999,990	$446	57
142 Willow St	0.34mi	3/2.5 (-1)	2,100 (-14%)	3mo	$880,000	$419	53
62 Harvard St	0.72mi	4/3.5	2,461 (+0%)	12mo	$1,350,000	$549	52
53 Stratford N	0.48mi	4/2.5	2,169 (-12%)	8mo	$1,330,000	$613	51
142 Hillturn Ln	0.66mi	3/2.5 (-1)	2,280 (-7%)	12mo	$1,350,000	$592	42
122 Main St	0.73mi	3/3.0 (-1)	2,100 (-14%)	6mo	$999,990	$476	30

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: -14.1%
• Equity multiple: 0.50×
• Total profit: $-193,561
• Equity at exit: $204,570

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-131,788
• Equity at exit: $118,625

Cash invested: $384,160 (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 11577

• Home prices YoY: -28.9%
• Active inventory: 71
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $12,000 medium
• Mortgage (P&I): −$7,195
• Tax from tax record: −$1,260 /mo · $15,123/yr
• Insurance: −$572
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,520
• Net cashflow: $453

Break-even live

Break-even rent $11,426

Max offer price $1,372,000

Occupancy floor 91%

Sensitivity live

Price	-10% $1,230	-5% $841	+0% $453	+5% $65	+10% $-324
Rent	-10% $-495	-5% $-21	+0% $453	+5% $927	+10% $1,401
Rate	-1.0pp $1,144	-0.5pp $802	base $453	+0.5pp $98	+1.0pp $-264

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: $343,000
• Closing costs: $41,160
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
902 Mill Crk S #902 Roslyn, NY	3.0	3.5	3172	$12,000	$3.78	23d	1	1.12mi

Listing history 12 events

1. 2026-05-20
   status Pending 1509-char remark

   Show marketing remark (1509 chars)

   Opportunity Knocks! 97 Burnham Avenue is a mint condition move in ready single family colonial, tucked away on a quiet cul-de-sac of Roslyn Heights. Corner property sitting on a 50x100 lot featuring a wide private driveway, garage and tons of yard space to enjoy outdoor gatherings. Large families will appreciate 97 Burnham Avenue. The first floor features an expansive sun drenched, modern open concept living/ dining area which provides great space for entertaining. The spacious eat in kitchen is equipped with floor to ceiling cabinetry, adorned with a full fleet of stainless steel appliances, island for bar stool seating and leads out into lush rear yard. 1/2 bath on first floor for your guest. Up a flight of stairs onto second floor 4 king sized bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite with jacuzzi and skylight. Down the hall a fully tiled bathroom is shared between the 3 additional bedrooms. The high ceiling full finished basement is equipped with a laundry room, ample storage space and can easily be used as additional recreational space. This turn key move in ready single family is conveniently located with close proximity to major transportation which makes commuting a breeze. Short blocks to Roslyn LIRR, Mineola Avenue, Powerhouse road, Long Island Expressway, Northern State parkway. Short blocks to wide array of shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

2. 2025-08-07
   price $1,372,000 1509-char remark

   Show marketing remark (1509 chars)

   Opportunity Knocks! 97 Burnham Avenue is a mint condition move in ready single family colonial, tucked away on a quiet cul-de-sac of Roslyn Heights. Corner property sitting on a 50x100 lot featuring a wide private driveway, garage and tons of yard space to enjoy outdoor gatherings. Large families will appreciate 97 Burnham Avenue. The first floor features an expansive sun drenched, modern open concept living/ dining area which provides great space for entertaining. The spacious eat in kitchen is equipped with floor to ceiling cabinetry, adorned with a full fleet of stainless steel appliances, island for bar stool seating and leads out into lush rear yard. 1/2 bath on first floor for your guest. Up a flight of stairs onto second floor 4 king sized bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite with jacuzzi and skylight. Down the hall a fully tiled bathroom is shared between the 3 additional bedrooms. The high ceiling full finished basement is equipped with a laundry room, ample storage space and can easily be used as additional recreational space. This turn key move in ready single family is conveniently located with close proximity to major transportation which makes commuting a breeze. Short blocks to Roslyn LIRR, Mineola Avenue, Powerhouse road, Long Island Expressway, Northern State parkway. Short blocks to wide array of shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

3. 2025-07-07
   price $1,452,000 1509-char remark

   Show marketing remark (1509 chars)

   Opportunity Knocks! 97 Burnham Avenue is a mint condition move in ready single family colonial, tucked away on a quiet cul-de-sac of Roslyn Heights. Corner property sitting on a 50x100 lot featuring a wide private driveway, garage and tons of yard space to enjoy outdoor gatherings. Large families will appreciate 97 Burnham Avenue. The first floor features an expansive sun drenched, modern open concept living/ dining area which provides great space for entertaining. The spacious eat in kitchen is equipped with floor to ceiling cabinetry, adorned with a full fleet of stainless steel appliances, island for bar stool seating and leads out into lush rear yard. 1/2 bath on first floor for your guest. Up a flight of stairs onto second floor 4 king sized bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite with jacuzzi and skylight. Down the hall a fully tiled bathroom is shared between the 3 additional bedrooms. The high ceiling full finished basement is equipped with a laundry room, ample storage space and can easily be used as additional recreational space. This turn key move in ready single family is conveniently located with close proximity to major transportation which makes commuting a breeze. Short blocks to Roslyn LIRR, Mineola Avenue, Powerhouse road, Long Island Expressway, Northern State parkway. Short blocks to wide array of shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

4. 2025-07-07
   listed $1,352,000 Active 1509-char remark

   Show marketing remark (1509 chars)

   Opportunity Knocks! 97 Burnham Avenue is a mint condition move in ready single family colonial, tucked away on a quiet cul-de-sac of Roslyn Heights. Corner property sitting on a 50x100 lot featuring a wide private driveway, garage and tons of yard space to enjoy outdoor gatherings. Large families will appreciate 97 Burnham Avenue. The first floor features an expansive sun drenched, modern open concept living/ dining area which provides great space for entertaining. The spacious eat in kitchen is equipped with floor to ceiling cabinetry, adorned with a full fleet of stainless steel appliances, island for bar stool seating and leads out into lush rear yard. 1/2 bath on first floor for your guest. Up a flight of stairs onto second floor 4 king sized bedrooms awaits you, each equipped with ample closet space. The primary suite is equipped with a private en suite with jacuzzi and skylight. Down the hall a fully tiled bathroom is shared between the 3 additional bedrooms. The high ceiling full finished basement is equipped with a laundry room, ample storage space and can easily be used as additional recreational space. This turn key move in ready single family is conveniently located with close proximity to major transportation which makes commuting a breeze. Short blocks to Roslyn LIRR, Mineola Avenue, Powerhouse road, Long Island Expressway, Northern State parkway. Short blocks to wide array of shopping centers, restaurants, cafes, parks and many other vibrant neighborhood amenities.

5. 2025-05-01
   historical
6. 2025-03-21
   price $1,483,000
7. 2025-02-12
   price $1,488,000
8. 2025-02-04
   listed $1,518,000 Active
9. 1999-03-24
   soldstatus $230,000
10. 1993-08-04
    soldstatus $225,000
11. 1993-04-29
    soldstatus $196,000
12. 1987-11-27
    soldstatus $225,000

ⓘ 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: $15,123 · $1,260/mo
• Projected year-2 tax: $19,155 · $1,596/mo
• Expected delta: +$4,032/yr (+$336/mo · 26.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $144,000
• − Mortgage interest: −$76,853
• − Property taxes: −$15,123
• − Insurance: −$6,860
• − Repairs & maintenance: −$11,520
• − Management: −$11,520
• − Depreciation: −$39,913
• Taxable loss: −$17,790
• Est. tax savings @ 24.0%: +$4,269
• After-tax cash flow: $9,707/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: Roslyn Union Free School District
• NCES district ID: 3625050
• Math proficiency: 83% ▼ -2.00%
• Reading proficiency: 82% ▲ 3.00%
• Median HH income: $128,640
• Composite: 77.26/100
• National rank: #101
• State rank: #28 of 590 in NY

Livability — Roslyn Heights

• Score: 81/100
• State rank: #98
• US rank: #1499

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roslyn Heights, NY
• Population (ZIP): 12,771

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Asian 22% Hispanic / Latino 10% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 2%
• Common ancestry: Scotch-Irish 6% Romanian 4% Danish 2%
• Foreign-born: 25% · China, Canada, South Korea
• Languages at home: 67% English-only · Other Indo-European 11% Chinese 9% Spanish 8%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.67%
• Current HPI: 308.3566
• 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

+509.8% since first listed

12 events — show timeline

• 2026-05-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-08-07 Price Changed $1,372,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-07 Price Changed $1,452,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-07 Listed $1,352,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-03-21 Price Changed $1,483,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-12 Price Changed $1,488,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-04 Listed $1,518,000 OneKey® MLS as Distributed by MLS Grid
• 1999-03-24 Sold (Public Records) $230,000 Public Records
• 1993-08-04 Sold (Public Records) $225,000 Public Records
• 1993-04-29 Sold (Public Records) $196,000 Public Records
• 1987-11-27 Sold (Public Records) $225,000 Public Records

Property tax history

+1.0%/yr

Latest (2024): $15,123 · -1.8% YoY. Source: county tax records.