342 Snyders Corners Rd · Poestenkill, NY 12018

$324,900

4 bd · 1.0 ba · 2,000 sqft · SingleFamily · 21 Days on market

Built 2006 Good condition 1.00 ac lot Est $396k · 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).

• ARV discount +15.0/15.0
• Cash flow +12.4/30.0
• Appreciation +10.0/10.0
• Schools +5.7/10.0
• Condition / age +4.0/5.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0

Listing remarks

Welcome to this 4 bed, 1 bath home. Located 15 minutes outside of Albany and minutes away from all major highways. This home is move in ready, It has been freshly painted, new LVP floors, updated cabinets and brand new countertops.

Key facts

• Updated cabinets
• New lvp floors
• Freshly painted

Tags

• MOVE IN READY
• FRESHLY PAINTED
• NEW LVP FLOORS
• UPDATED CABINETS
• BRAND NEW COUNTERTOPS

Property features AI

Finance

• Other: Located on Snyders Corners Road

Exterior

• Parking: Detached or attached garage with 4 garage spaces; Total of 4 parking spaces; Off-street paved parking
• Utilities: 150 Amp electric service; Public water; Septic tank sewer
• Home design: Single family residence; Updated/remodeled; Lot size approximately 1 acre
• Construction: Aluminum siding; Shingle roof
• Exterior features: Paved driveway

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Two first-floor bedrooms; Two second-floor bedrooms
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom on the first floor
• Heating & cooling: Propane heating; Has cooling (type: Other)
• Interior features: Unfinished basement; Six total rooms
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $325k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-51 ($-609/yr) — negative.
• To cash-flow at today's rent, offer at most $318k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $278k (14.5% below list).
• Recommended offer: $278k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 2.1% in Poestenkill — 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 63/100 on livability (#798 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A-, cost of living B+; Watch: crime D, amenities F, commute F.
• Averill Park Central School District (rural): math 58% / reading 69% proficiency, ranked #169 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Averill Park High School (math 97% / reading 98%, grade A+, #49 of 1,100 statewide, top 5%, 897 students, 25% FRL).
• Zoned-school proficiency averages 97% at this address vs 64% district-wide (+34 pts) — the actual schools serving this property are materially stronger than the Averill Park Central School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 52 active listings in the ZIP; 405 units permitted in Rensselaer County in 2024 (224 in 5+ unit buildings).

Forward outlook

• In year one you build about $35k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Rensselaer County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $91k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$56k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($320k) is reasonable based on typical stale-listing flexibility.

Recommended offer $277,789 (14.5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-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?
4. Crime grade is D 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?
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: 0.85% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.67%
• DSCR: 0.97
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $396,000
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9345 NY Highway 66	0.27mi	4/2.0	2,122 (+6%)	2mo	$420,000	$198	71
399 Snyders Corner Rd	0.28mi	3/3.0 (-1)	2,183 (+9%)	2mo	$532,000	$244	56
393 Snyders Corner Rd	0.20mi	4/2.5	2,298 (+15%)	21mo	$430,000	$187	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 23.8%
• Equity multiple: 2.91×
• Total profit: $173,757
• Equity at exit: $292,696

10-year hold

• IRR: 21.1%
• Equity multiple: 6.65×
• Total profit: $514,312
• Equity at exit: $631,209

Cash invested: $90,972 (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 12018

• Home prices YoY: 4.5%
• Active inventory: 52
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,778 medium
• Mortgage (P&I): −$1,704
• Tax est. 1.5%: −$406 /mo · $4,874/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$583
• Net cashflow: $-51

Break-even live

Break-even rent $2,842

Max offer price $317,552

Occupancy floor 97%

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-09
   status $324,900 Pending 21 DOM
2. 2026-06-08
   days on market $324,900 Contingent 21 DOM
3. 2026-06-07
   days on market $324,900 Contingent 20 DOM
4. 2026-06-03
   days on market $324,900 Contingent 16 DOM
5. 2026-06-02
   days on market $324,900 Contingent 15 DOM
6. 2026-06-01
   days on market $324,900 Contingent 14 DOM
7. 2026-05-31
   days on market $324,900 Contingent 13 DOM
8. 2026-05-31
   days on market $324,900 Contingent 12 DOM
9. 2026-05-15
   listed $324,900 Active

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

Taxation est. · year 1

• Rental income: $33,335
• − Mortgage interest: −$18,199
• − Property taxes: −$4,874
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,667
• − Management: −$2,667
• − Depreciation: −$9,452
• Taxable loss: −$6,148
• Est. tax savings @ 24.0%: +$1,476
• After-tax cash flow: $866/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

Good 80/100 Cosmetic rehab

This move-in ready home has been freshly painted and updated with new cabinets and countertops, making it a great investment opportunity.

Value-add opportunities

• Both Painting exterior and interior — Fresh paint enhances curb appeal and interior finish
• Both Landscaping and curb appeal — Well-maintained landscaping improves curb appeal and property value
• Both Add a front porch or entryway — Enhances curb appeal and provides a welcoming entrance

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Fresh paint enhances curb appeal and interior finish ↑
• Both Landscaping and curb appeal — Well-maintained landscaping improves curb appeal and property value ↑
• Both Add a front porch or entryway — Enhances curb appeal and provides a welcoming entrance ↑

ⓘ 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: Averill Park Central School District
• NCES district ID: 3600016
• Math proficiency: 58% ▼ -15.00%
• Reading proficiency: 69% ▲ 2.00%
• Median HH income: $81,340
• Composite: 56.94/100
• National rank: #1113
• State rank: #169 of 590 in NY

Livability — Poestenkill

• Score: 63/100
• State rank: #798
• US rank: #15428

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 1,526
• Population (ZIP): 7,069

Population outlook (Rensselaer County) Hauer SSP2

• Today (2025): 162,400 people
• By 2030: 161,746 · -0.4%
• By 2040: 158,095 · -2.7%
• By 2050: 152,966 · -5.8%
• By 2075: 140,767 · -13.3%
• By 2100: 124,727 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 5% Lithuanian 4% Italian 4%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Other Indo-European 4% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Rensselaer

• 2024 margin: Toss-up / Even · D 50.7% · R 49.3%
• 2008→2024 swing: -8.0pp toward R · 2008: 9.3pp · 2024: 1.4pp
• All cycles: 2024: D+1.4 2020: D+5.6 2016: R+2.9 2012: D+11.8 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.43%
• Current HPI: 263.2196
• 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

1 event — show timeline

• 2026-05-15 Listed $324,900 Global MLS