540 Lewis Rd · Walton, NY 13856

$325,000

1 bd · 1.0 ba · 672 sqft · SingleFamily public records · 44 Days on market

Built 1986 30 ac lot $484/sqft · 229% above area ↓ 13% since listing

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Why this score? — see what drove the D- 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).

• Appreciation +7.9/10.0
• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• 1% rule +1.3/10.0

Listing remarks MLS

Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

Key facts

• 30 peaceful acres
• Heated barn
• Freshwater pond

Tags

• 30 PEACEFUL ACRES
• FRESHWATER POND
• HEATED BARN
• ENCLOSED COVERED ANIMAL PEN
• WASTE STORAGE SHED
• CANNONSVILLE RESERVOIR

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-436 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (23.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (37.4% below list).
• Recommended offer: $204k (37.4% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 7.8% in Walton — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 70/100 on livability (#443 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Walton Central School District (town): math 36% / reading 47% proficiency, ranked #510 of 590 in NY (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Townsend Elementary School (math 32% / reading 42%, grade F, #1,519 of 2,108 statewide, top 74%, 367 students, 47% FRL); Walton Middle School (math 17% / reading 42%, grade F, #550 of 729 statewide, top 77%, 189 students, 54% FRL); Walton High School (math 84% / reading 90%, grade A, #308 of 1,100 statewide, top 28%, 283 students, 50% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 56 active listings in the ZIP; 66 units permitted in Delaware County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($2k loan paydown + $19k appreciation (5.8% local appreciation)).
• Delaware County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $203,527 (37.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 37% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.63% ✗
• Cap rate: 4.68%
• Cash-on-cash: -5.74%
• DSCR: 0.74
• GRM: 13.3

CMA / ARV

• ARV (median comp): $188,126
• List price: $325,000
• Delta: 72.76%
• Verdict: OVERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

5.79% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.2%
• Equity multiple: 1.68×
• Total profit: $62,033
• Equity at exit: $200,094

10-year hold

• IRR: 11.4%
• Equity multiple: 3.25×
• Total profit: $205,097
• Equity at exit: $359,277

Cash invested: $91,000 (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 13856

• Home prices YoY: 1.8%
• Active inventory: 56
• Price-to-rent: 13.3×

Monthly cashflow live

• Estimated rent: $2,035 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$204 /mo · $2,445/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $-436

Break-even live

Break-even rent $2,587

Max offer price $248,043

Occupancy floor —

Sensitivity live

Price	-10% $-252	-5% $-344	+0% $-436	+5% $-528	+10% $-620
Rent	-10% $-596	-5% $-516	+0% $-436	+5% $-355	+10% $-275
Rate	-1.0pp $-272	-0.5pp $-353	base $-436	+0.5pp $-520	+1.0pp $-606

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-06
   status Pending 1576-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

2. 2026-05-06
   status Pending 1585-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

3. 2026-04-29
   price $325,000 1585-char remark

   Show marketing remark (1576 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

4. 2026-04-29
   price $325,000 1576-char remark

   Show marketing remark (1576 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

5. 2026-04-22
   price $350,000 1576-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

6. 2026-04-22
   price $350,000 1585-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

7. 2026-03-23
   listed $375,000 Active 1576-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

8. 2026-03-23
   listed $375,000 Active 1585-char remark

   Show marketing remark (1585 chars)

   Good things truly do come in small packages – and this charming, year-round rustic cabin is no exception. Tucked away on 30 peaceful acres, this inviting retreat offers a perfect blend of comfort, character and natural beauty. Inside you’ll find two cozy bedrooms, a spacious loft and two full bathrooms. The warm, country kitchen is generously sized and filled with light, offering tranquil views of the freshwater pond. A formal dining room with tons of windows invites the outdoors in while the living room features high ceilings, hardwood floors and classic knotty pine throughout. Step outside and take in the serenity – sip your morning coffee on the front deck as you soak in breathtaking mountain views. With abundant wildlife and quiet surrounds, this is a nature lover’s dream. The property is also suited for those with agricultural interests featuring a heated barn (33x53), an enclosed covered animal pen (25x40) and a DEC-engineered waste storage shed – all ready for animal farming or hobby use. Located minutes from the beautiful Cannonsville Reservoir you have access to hundreds of acres of State Land for hiking, fishing and recreation. Nearby towns like Walton and Oneonta offer shopping, dining and everyday amenities, all within a short drive. Set in a low-tax area in the heart of the CATSKILLS, this special property is a rare opportunity to embrace year round country living at its finest. Perfect for 4H or farmers wanting to raise pigs, lambs or chickens. Come experience the warmth, charm and tranquility for yourself!

ⓘ 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: $2,445 · $204/mo
• Projected year-2 tax: $3,969 · $331/mo
• Expected delta: +$1,524/yr (+$127/mo · 62.3%)

ⓘ 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 1/10 Low 7 d/yr ≥90°F today · 15 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: $24,423
• − Mortgage interest: −$18,205
• − Property taxes: −$2,445
• − Insurance: −$1,625
• − Repairs & maintenance: −$1,954
• − Management: −$1,954
• − Depreciation: −$9,455
• Taxable loss: −$11,214
• Est. tax savings @ 24.0%: +$2,691
• After-tax cash flow: $-2,536/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: Walton Central School District
• NCES district ID: 3629820
• Math proficiency: 36% ▬ 0.00%
• Reading proficiency: 47% ▲ 3.00%
• Median HH income: $41,231
• Composite: 34.86/100
• National rank: #5088
• State rank: #510 of 590 in NY

Livability — Walton

• Score: 70/100
• State rank: #443
• US rank: #7789

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,915

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 42,668 people
• By 2030: 40,337 · -5.5%
• By 2040: 35,514 · -16.8%
• By 2050: 31,265 · -26.7%
• By 2075: 24,455 · -42.7%
• By 2100: 19,529 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Black 5% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Iranian 7% Slovak 3% Lithuanian 3%
• Foreign-born: 3% · Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Delaware

• 2024 margin: R (+19.8) · D 40.1% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -5.2pp · 2024: -19.8pp
• All cycles: 2024: R+19.8 2020: R+18.4 2016: R+29.2 2012: R+9.6 2008: R+5.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.79%
• Current HPI: 331.9799
• 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

-13.3% since first listed

8 events — show timeline

• 2026-05-06 Pending — UNYREIS
• 2026-05-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $325,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $325,000 UNYREIS
• 2026-04-22 Price Changed $350,000 UNYREIS
• 2026-04-22 Price Changed $350,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Listed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Listed $375,000 UNYREIS

Property tax history

+2.0%/yr

Latest (2025): $2,445 · +1.5% YoY. Source: county tax records.