11867 Sticklertown Rd · Big Flats, NY 14830

$110,000

4 bd · 2.5 ba · 1,848 sqft · SingleFamily public records · 22 Days on market

Built 1962 2.00 ac lot $60/sqft · 72% below area ↓ 21% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this spacious ranch-style home set on approximately 2 acres in the Town of Corning. Offering 1,848 sq for single level living, this property features 4 bedrooms and 2.5 baths with a functional layout for your vision. The home sits on a large lot and includes a large barn and other outbuildings. The property is in need of renovation making it a perfect opportunity for investors, flippers, or buyers looking to build equity through improvements. With solid bones, a desirable ranch layout, this property presents significant upside potential. Whether looking for your next rehab project, or a chance to customize a home to your taste, this is a rare value opportunity in the Corning area.

Key facts

• Outbuildings
• Large lot
• Single level living

Tags

• RANCH STYLE HOME
• LARGE LOT
• LARGE BARN
• OUTBUILDINGS
• SINGLE LEVEL LIVING
• RENOVATION OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $516 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 2.9% in Big Flats — 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 70/100 on livability (#464 in NY) — a middle-class / working-renter tenant base. Strengths: schools A+, employment A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Corning City School District (town): math 44% / reading 53% proficiency, ranked #406 of 590 in NY (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 106 active listings in the ZIP; 196 units permitted in Steuben County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Steuben County population projected at -20% 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 $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y ago 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.

Risks & watch-outs

• Watch-outs: property tax is 4.6% of price.

Recommended offer $108,350 (1.5% below list)

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.79% ✓
• Cap rate: 11.93%
• Cash-on-cash: 20.12%
• DSCR: 1.90
• GRM: 4.6

CMA / ARV

• ARV (median comp): $396,664
• List price: $110,000
• Delta: -72.27%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 12.4%
• Equity multiple: 1.50×
• Total profit: $15,273
• Equity at exit: $16,401

10-year hold

• IRR: 21.5%
• Equity multiple: 2.83×
• Total profit: $56,484
• Equity at exit: $9,511

Cash invested: $30,800 (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 14830

• Active inventory: 106
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,974 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$421 /mo · $5,047/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $516

Break-even live

Break-even rent $1,321

Max offer price $110,000

Occupancy floor 69%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-05-09
   status Pending 713-char remark

   Show marketing remark (713 chars)

   Opportunity awaits with this spacious ranch-style home set on approximately 2 acres in the Town of Corning. Offering 1,848 sq for single level living, this property features 4 bedrooms and 2.5 baths with a functional layout for your vision. The home sits on a large lot and includes a large barn and other outbuildings. The property is in need of renovation making it a perfect opportunity for investors, flippers, or buyers looking to build equity through improvements. With solid bones, a desirable ranch layout, this property presents significant upside potential. Whether looking for your next rehab project, or a chance to customize a home to your taste, this is a rare value opportunity in the Corning area.

2. 2026-04-17
   listed $110,000 Active 713-char remark

   Show marketing remark (713 chars)

   Opportunity awaits with this spacious ranch-style home set on approximately 2 acres in the Town of Corning. Offering 1,848 sq for single level living, this property features 4 bedrooms and 2.5 baths with a functional layout for your vision. The home sits on a large lot and includes a large barn and other outbuildings. The property is in need of renovation making it a perfect opportunity for investors, flippers, or buyers looking to build equity through improvements. With solid bones, a desirable ranch layout, this property presents significant upside potential. Whether looking for your next rehab project, or a chance to customize a home to your taste, this is a rare value opportunity in the Corning area.

3. 2010-04-28
   soldstatus $96,900
4. 2010-04-15
   soldstatus $96,900 156-char remark

   Show marketing remark (156 chars)

   Country setting!! 1.5 acres serene beauty with 4 bedrooms, hardwood floors, 2.5 baths and first floor laundry. Large barn. Currently rented month-to-month.

5. 2009-12-22
   listed $99,900 156-char remark

   Show marketing remark (156 chars)

   Country setting!! 1.5 acres serene beauty with 4 bedrooms, hardwood floors, 2.5 baths and first floor laundry. Large barn. Currently rented month-to-month.

6. 2008-02-21
   historical
7. 2007-07-20
   listed $99,999
8. 2007-05-05
   historical
9. 2006-11-08
   historical
10. 2006-11-02
    listed $144,500
11. 2006-07-01
    listed $149,000
12. 2006-06-30
    historical
13. 2005-06-07
    listed $149,000
14. 2004-07-21
    soldstatus $139,000
15. 2004-07-12
    soldstatus $139,000
16. 2004-04-15
    listed $139,900

ⓘ 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: $5,047 · $421/mo
• Projected year-2 tax: $5,047 · $421/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 3/10 Moderate
• 🌡 Heat 2/10 Low 5 d/yr ≥92°F today · 10 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,692
• − Mortgage interest: −$6,162
• − Property taxes: −$5,047
• − Insurance: −$550
• − Repairs & maintenance: −$1,895
• − Management: −$1,895
• − Depreciation: −$3,200
• Taxable income: $4,943
• Est. tax owed @ 24.0%: −$1,186
• After-tax cash flow: $5,011/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: Corning City School District
• NCES district ID: 3608400
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 53% ▲ 4.00%
• Median HH income: $53,042
• Composite: 41.8/100
• National rank: #3392
• State rank: #406 of 590 in NY

Livability — Big Flats

• Score: 70/100
• State rank: #464
• US rank: #8086

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Steuben County · 41,193 people
• Metro: Corning, NY
• Population (ZIP): 19,015
• Household income: $73,263
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 565.0

Population outlook (Steuben County) Hauer SSP2

• Today (2025): 93,062 people
• By 2030: 89,793 · -3.5%
• By 2040: 82,353 · -11.5%
• By 2050: 74,286 · -20.2%
• By 2075: 55,589 · -40.3%
• By 2100: 37,587 · -59.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 95% English-only · Russian/Polish/Slavic 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Steuben

• 2024 margin: Solid R (+31.8) · D 34.1% · R 65.9%
• 2008→2024 swing: -15.0pp toward R · 2008: -16.8pp · 2024: -31.8pp
• All cycles: 2024: R+31.8 2020: R+29.6 2016: R+36.2 2012: R+16.4 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.59%
• Current HPI: 173.9857
• Rent YoY: —
• Metro: Corning, 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

-21.4% since first listed

16 events — show timeline

• 2026-05-09 Pending — UNYREIS
• 2026-04-17 Listed $110,000 UNYREIS
• 2010-04-28 Sold (Public Records) $96,900 Public Records
• 2010-04-15 Sold (MLS) $96,900 UNYREIS
• 2009-12-22 Listed $99,900 UNYREIS
• 2008-02-21 Listing Removed — UNYREIS
• 2007-07-20 Listed $99,999 UNYREIS
• 2007-05-05 Listing Removed — UNYREIS
• 2006-11-08 Listing Removed — UNYREIS
• 2006-11-02 Listed $144,500 UNYREIS
• 2006-07-01 Listed $149,000 UNYREIS
• 2006-06-30 Listing Removed — UNYREIS
• 2005-06-07 Listed $149,000 UNYREIS
• 2004-07-21 Sold (Public Records) $139,000 Public Records
• 2004-07-12 Sold (MLS) $139,000 UNYREIS
• 2004-04-15 Listed $139,900 UNYREIS

Property tax history

+3.3%/yr

Latest (2025): $5,047 · +2.3% YoY. Source: county tax records.