6339-6347 Route 32 · Round Top, NY 12414

$385,000

4 bd · 4.0 ba · — sqft · MultiFamily · 23 Days on market

Built 1962 Fair condition 1.25 ac lot

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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 +18.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 1% rule +4.8/10.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Spacious duplex offering two well designed units, each featuring 2 bedrooms and 2 baths. One unit includes an additional lower-level room (no closet), perfect for a home office or flexible space. Both units boast cozy fireplaces with wood stove inserts, open kitchen and dining areas, on the main level, and living rooms with bedrooms upstairs. Owned and thoughtfully maintained by siblings as a second home, the property reflects pride of ownership throughout. Set on 1.25 beautifully landscaped acres, the outdoor space is a true highlight. Each unit enjoys its own screened in house, plus a shared expansive paver patio complete with an outdoor sink, generous counter space, and an ideal setup for entertaining. Additional features include mature peach trees and space for a small fenced garden. Just minutes to the heart of Catskill, the Hudson River, and the year-round recreation at Hunter Mountain. Easy access to the NYS Thruway makes this an ideal full-time residence, income property, or Catskills retreat.

Key facts

• Cozy fireplaces
• Dining areas
• Screened in house

Tags

• LOWER-LEVEL ROOM
• COZY FIREPLACES
• OPEN KITCHEN
• DINING AREAS
• LIVING ROOMS
• SCREENED IN HOUSE

Property features AI

Exterior

• Parking: Off-street unpaved parking
• Utilities: Electricity connected (Central Hudson); Water connected; Sewer connected (septic tank)
• Home design: Duplex
• Construction: Block foundation
• Exterior features: Shingle siding; Shed(s) on the property; Not waterfront

Interior

• Kitchen: No specific kitchen appliance list provided
• Bedrooms: Two 2-bedroom units
• Flooring: Ceramic tile; Hardwood; Vinyl
• Bathrooms: Four full bathrooms
• Heating & cooling: Electric heating; Other heating types; No central cooling
• Interior features: Double-pane windows; Basement (common)
• Laundry & utility: Washer hookup; Laundry located in kitchen

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/2.0-bath units multifamily listed at $385k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive. Per door: $164/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $378k (1.7% below list).
• Recommended offer: $378k (1.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Catskill Central School District (town): math 45% / reading 51% proficiency, ranked #429 of 590 in NY (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Catskill Elementary School (math 47% / reading 47%, grade D-, #1,195 of 2,108 statewide, top 60%, 574 students, 41% FRL); Catskill Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 303 students, 45% FRL); Catskill Senior High School (math 87% / reading 87%, grade A, #311 of 1,100 statewide, top 30%, 400 students, 38% FRL) — zoned schools at 41% FRL track the district average.
• Market conditions: 104 active listings in the ZIP; 97 units permitted in Greene County in 2024 (0 in 5+ unit buildings).
• At $3,783/mo this rent would consume 62% of the median local household income ($73k/yr) (locally 318% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $41k of equity ($3k loan paydown + $38k appreciation (10.0% local appreciation)).
• Greene County population projected at -22% 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 $108k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$66k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($379k) 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.

Recommended offer $378,300 (1.7% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.65%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 26.9%
• Equity multiple: 3.14×
• Total profit: $230,624
• Equity at exit: $346,839

10-year hold

• IRR: 23.6%
• Equity multiple: 7.15×
• Total profit: $662,838
• Equity at exit: $747,970

Cash invested: $107,800 (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 12414

• Home prices YoY: 11.9%
• Active inventory: 104
• Price-to-rent: 17.0×

Monthly cashflow live

• Estimated rent: $3,783 medium
• Mortgage (P&I): −$2,019
• Tax est. 1.5%: −$481 /mo · $5,775/yr
• Insurance: −$160
• HOA: −$0
• Vacancy / Maint / Mgmt: −$794
• Net cashflow: $328

Break-even live

Break-even rent $3,368

Max offer price $385,000

Occupancy floor 86%

Sensitivity live

Price	-10% $594	-5% $461	+0% $328	+5% $195	+10% $62
Rent	-10% $29	-5% $178	+0% $328	+5% $477	+10% $627
Rate	-1.0pp $522	-0.5pp $426	base $328	+0.5pp $228	+1.0pp $127

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$3,784
Total (2 units)			$3,783

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: $96,250
• Closing costs: $11,550
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-04-17
   status Pending 1016-char remark

   Show marketing remark (1016 chars)

   Spacious duplex offering two well designed units, each featuring 2 bedrooms and 2 baths. One unit includes an additional lower-level room (no closet), perfect for a home office or flexible space. Both units boast cozy fireplaces with wood stove inserts, open kitchen and dining areas, on the main level, and living rooms with bedrooms upstairs. Owned and thoughtfully maintained by siblings as a second home, the property reflects pride of ownership throughout. Set on 1.25 beautifully landscaped acres, the outdoor space is a true highlight. Each unit enjoys its own screened in house, plus a shared expansive paver patio complete with an outdoor sink, generous counter space, and an ideal setup for entertaining. Additional features include mature peach trees and space for a small fenced garden. Just minutes to the heart of Catskill, the Hudson River, and the year-round recreation at Hunter Mountain. Easy access to the NYS Thruway makes this an ideal full-time residence, income property, or Catskills retreat.

2. 2026-04-17
   status Pending

   Show marketing remark (1016 chars)

   Spacious duplex offering two well designed units, each featuring 2 bedrooms and 2 baths. One unit includes an additional lower-level room (no closet), perfect for a home office or flexible space. Both units boast cozy fireplaces with wood stove inserts, open kitchen and dining areas, on the main level, and living rooms with bedrooms upstairs. Owned and thoughtfully maintained by siblings as a second home, the property reflects pride of ownership throughout. Set on 1.25 beautifully landscaped acres, the outdoor space is a true highlight. Each unit enjoys its own screened in house, plus a shared expansive paver patio complete with an outdoor sink, generous counter space, and an ideal setup for entertaining. Additional features include mature peach trees and space for a small fenced garden. Just minutes to the heart of Catskill, the Hudson River, and the year-round recreation at Hunter Mountain. Easy access to the NYS Thruway makes this an ideal full-time residence, income property, or Catskills retreat.

3. 2026-03-25
   listed $385,000 Active 1016-char remark

   Show marketing remark (1016 chars)

   Spacious duplex offering two well designed units, each featuring 2 bedrooms and 2 baths. One unit includes an additional lower-level room (no closet), perfect for a home office or flexible space. Both units boast cozy fireplaces with wood stove inserts, open kitchen and dining areas, on the main level, and living rooms with bedrooms upstairs. Owned and thoughtfully maintained by siblings as a second home, the property reflects pride of ownership throughout. Set on 1.25 beautifully landscaped acres, the outdoor space is a true highlight. Each unit enjoys its own screened in house, plus a shared expansive paver patio complete with an outdoor sink, generous counter space, and an ideal setup for entertaining. Additional features include mature peach trees and space for a small fenced garden. Just minutes to the heart of Catskill, the Hudson River, and the year-round recreation at Hunter Mountain. Easy access to the NYS Thruway makes this an ideal full-time residence, income property, or Catskills retreat.

4. 2026-03-25
   listed $385,000 Active

   Show marketing remark (1016 chars)

   Spacious duplex offering two well designed units, each featuring 2 bedrooms and 2 baths. One unit includes an additional lower-level room (no closet), perfect for a home office or flexible space. Both units boast cozy fireplaces with wood stove inserts, open kitchen and dining areas, on the main level, and living rooms with bedrooms upstairs. Owned and thoughtfully maintained by siblings as a second home, the property reflects pride of ownership throughout. Set on 1.25 beautifully landscaped acres, the outdoor space is a true highlight. Each unit enjoys its own screened in house, plus a shared expansive paver patio complete with an outdoor sink, generous counter space, and an ideal setup for entertaining. Additional features include mature peach trees and space for a small fenced garden. Just minutes to the heart of Catskill, the Hudson River, and the year-round recreation at Hunter Mountain. Easy access to the NYS Thruway makes this an ideal full-time residence, income property, or Catskills retreat.

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $45,396
• − Mortgage interest: −$21,566
• − Property taxes: −$5,775
• − Insurance: −$1,925
• − Repairs & maintenance: −$3,632
• − Management: −$3,632
• − Depreciation: −$11,200
• Taxable loss: −$2,333
• Est. tax savings @ 24.0%: +$560
• After-tax cash flow: $4,495/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 · 13 photos

Fair 45/100 Moderate rehab

The home is in fair condition with moderate updates needed to improve its resale and rental value. The kitchen and bathrooms require updates, and the landscaping could be enhanced to boost curb appeal.

Repairs flagged

• Minor Kitchen appliances — The kitchen appliances appear outdated and could be replaced with modern ones.
• Minor Bathroom updates — The bathrooms could benefit from updates to fixtures and possibly a new paint job.
• Minor Landscaping — The landscaping could be improved to enhance the curb appeal and add value.

Value-add opportunities

• Resale Kitchen renovation — A modern kitchen renovation can significantly increase the home's resale value.
• Resale Bathroom updates — Updating the bathrooms can improve the home's appeal and increase its resale value.
• Both Landscaping — Improved landscaping can enhance the home's curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen appliances · The kitchen appliances appear outdated and could be replaced with modern ones.	Minor	$500–3,000
Bathroom updates · The bathrooms could benefit from updates to fixtures and possibly a new paint job.	Minor	$500–3,000
Landscaping · The landscaping could be improved to enhance the curb appeal and add value.	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale Kitchen renovation — A modern kitchen renovation can significantly increase the home's resale value. ↑
• Resale Bathroom updates — Updating the bathrooms can improve the home's appeal and increase its resale value. ↑
• Both Landscaping — Improved landscaping can enhance the home's curb appeal and increase both resale and rental value. ↑

ⓘ 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: Catskill Central School District
• NCES district ID: 3606720
• Math proficiency: 45% ▼ -9.00%
• Reading proficiency: 51% ▲ 8.00%
• Median HH income: $44,960
• Composite: 40.63/100
• National rank: #3685
• State rank: #429 of 590 in NY

Livability — Round Top

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Greene County · 10,169 people
• City population: 1,344
• Metro: nan
• Population (ZIP): 10,169
• Household income: $73,036
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 318.0

Population outlook (Greene County) Hauer SSP2

• Today (2025): 44,963 people
• By 2030: 43,126 · -4.1%
• By 2040: 38,756 · -13.8%
• By 2050: 34,913 · -22.4%
• By 2075: 28,156 · -37.4%
• By 2100: 22,296 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 10% Two or more races 8% Black 6%
• Hispanic origin (detail): Puerto Rican 7%
• Common ancestry: Scotch-Irish 3% Iranian 3% Lithuanian 3%
• Foreign-born: 4% · Canada, Mexico
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Greene

• 2024 margin: R (+17.0) · D 41.5% · R 58.5%
• 2008→2024 swing: -7.1pp toward R · 2008: -9.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+15.6 2016: R+27.4 2012: R+11.1 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 52.47%
• Current HPI: 494.3394
• Rent YoY: —
• Metro: nan
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-17 Pending — HVCRMLS
• 2026-04-17 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-25 Listed $385,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-25 Listed $385,000 HVCRMLS