90 Rainbow Park · Ransomville, NY 14131

$124,900

3 bd · 2.0 ba · 1,456 sqft · Manufactured · 15 Days on market

Built 2000 Good condition 8,276 sqft lot $86/sqft · 14% below area Est $145k · 14% under ↓ 11% since listing

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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 +18.0/30.0
• ARV discount +13.7/15.0
• Appreciation +10.0/10.0
• DSCR +5.6/10.0
• 1% rule +4.8/10.0
• Schools +4.6/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Welcome to this beautifully maintained 2001 double wide offering comfort, privacy, and thoughtful updates throughout. Recently refreshed with a full interior paint update, this home feels bright, welcoming, and ready for its next chapter. Enjoy peace of mind with a brand new roof and new blacktop driveway, along with mechanicals that are in great shape. The furnace and central air were updated in 2021, providing reliable comfort through every season. The spacious primary suite offers generous closet space and a private en-suite bath complete with a relaxing soaking tub — the perfect place to unwind at the end of the day. You’ll also appreciate the ample storage throughout the home. Set on a private, woodsy lot, the back deck creates a peaceful setting to enjoy your morning coffee or quiet evenings outdoors. A shed provides additional storage, and gutter guards with a lifetime guarantee were installed just two years ago for added ease. This lovingly cared-for home offers the perfect blend of updates, comfort, and privacy. Welcome to your new home — a place where you can settle in, make memories, and add your own personal touches over time.

Key facts

• Updated central air
• Soaking tub
• Updated furnace

Tags

• NEW ROOF
• NEW BLACKTOP DRIVEWAY
• UPDATED FURNACE
• UPDATED CENTRAL AIR
• PRIVATE EN-SUITE BATH
• SOAKING TUB

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $125k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $107 ($1k/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 $123k (1.7% below list).
• Recommended offer: $123k (1.7% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 2.6% in Ransomville — 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 68/100 on livability (#548 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Wilson Central School District (town): math 52% / reading 55% proficiency, ranked #319 of 590 in NY (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 32 active listings in the ZIP; 167 units permitted in Niagara County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($864 loan paydown + $12k appreciation (10.0% local appreciation)).
• Niagara County population projected at -19% 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 $35k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, 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 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Recommended offer $122,797 (1.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.67%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

• ARV (median comp): $144,710
• List price: $124,900
• Delta: -13.69%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
84 Rainbow Park	0.07mi	3/2.0	1,456 (0%)	7mo	$147,500	$101	91
83 Rainbow Park	0.03mi	3/2.0	1,456 (0%)	23mo	$135,000	$93	80
30 Joshua Dr	0.13mi	3/2.0	1,520 (+4%)	16mo	$156,000	$103	73
54 Rainbow Park	0.04mi	3/2.0	1,260 (-14%)	10mo	$110,000	$87	68

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: 26.9%
• Equity multiple: 3.14×
• Total profit: $74,853
• Equity at exit: $112,520

10-year hold

• IRR: 23.6%
• Equity multiple: 7.15×
• Total profit: $215,112
• Equity at exit: $242,653

Cash invested: $34,972 (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 14131

• Home prices YoY: 7.8%
• Active inventory: 32
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$655
• Tax est. 1.5%: −$156 /mo · $1,874/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $107

Break-even live

Break-even rent $1,093

Max offer price $124,900

Occupancy floor 86%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $124,900 Active 15 DOM
2. 2026-06-17
   days on market $124,900 Active 14 DOM
3. 2026-06-16
   days on market $124,900 Active 13 DOM
4. 2026-06-15
   days on market $124,900 Active 12 DOM
5. 2026-06-13
   days on market $124,900 Active 10 DOM
6. 2026-06-13
   days on market $124,900 Active 9 DOM
7. 2026-06-10
   days on market $124,900 Active 7 DOM
8. 2026-06-09
   days on market $124,900 Active 6 DOM
9. 2026-06-08
   days on market $124,900 Active 5 DOM
10. 2026-06-07
    days on market $124,900 Active 4 DOM
11. 2026-06-03
    days on marketlisting id $124,900 Active 1 DOM
12. 2026-06-01
    days on market $124,900 Active 118 DOM
13. 2026-05-31
    days on market $124,900 Active 117 DOM
14. 2026-04-21
    price $124,900 1174-char remark

    Show marketing remark (1174 chars)

    Welcome to this beautifully maintained 2001 double wide offering comfort, privacy, and thoughtful updates throughout. Recently refreshed with a full interior paint update, this home feels bright, welcoming, and ready for its next chapter. Enjoy peace of mind with a brand new roof and new blacktop driveway, along with mechanicals that are in great shape. The furnace and central air were updated in 2021, providing reliable comfort through every season. The spacious primary suite offers generous closet space and a private en-suite bath complete with a relaxing soaking tub — the perfect place to unwind at the end of the day. You’ll also appreciate the ample storage throughout the home. Set on a private, woodsy lot, the back deck creates a peaceful setting to enjoy your morning coffee or quiet evenings outdoors. A shed provides additional storage, and gutter guards with a lifetime guarantee were installed just two years ago for added ease. This lovingly cared-for home offers the perfect blend of updates, comfort, and privacy. Welcome to your new home — a place where you can settle in, make memories, and add your own personal touches over time.

15. 2026-02-24
    price $134,900 1174-char remark

    Show marketing remark (1174 chars)

    Welcome to this beautifully maintained 2001 double wide offering comfort, privacy, and thoughtful updates throughout. Recently refreshed with a full interior paint update, this home feels bright, welcoming, and ready for its next chapter. Enjoy peace of mind with a brand new roof and new blacktop driveway, along with mechanicals that are in great shape. The furnace and central air were updated in 2021, providing reliable comfort through every season. The spacious primary suite offers generous closet space and a private en-suite bath complete with a relaxing soaking tub — the perfect place to unwind at the end of the day. You’ll also appreciate the ample storage throughout the home. Set on a private, woodsy lot, the back deck creates a peaceful setting to enjoy your morning coffee or quiet evenings outdoors. A shed provides additional storage, and gutter guards with a lifetime guarantee were installed just two years ago for added ease. This lovingly cared-for home offers the perfect blend of updates, comfort, and privacy. Welcome to your new home — a place where you can settle in, make memories, and add your own personal touches over time.

16. 2026-02-03
    listed $139,900 Active 1174-char remark

    Show marketing remark (1174 chars)

    Welcome to this beautifully maintained 2001 double wide offering comfort, privacy, and thoughtful updates throughout. Recently refreshed with a full interior paint update, this home feels bright, welcoming, and ready for its next chapter. Enjoy peace of mind with a brand new roof and new blacktop driveway, along with mechanicals that are in great shape. The furnace and central air were updated in 2021, providing reliable comfort through every season. The spacious primary suite offers generous closet space and a private en-suite bath complete with a relaxing soaking tub — the perfect place to unwind at the end of the day. You’ll also appreciate the ample storage throughout the home. Set on a private, woodsy lot, the back deck creates a peaceful setting to enjoy your morning coffee or quiet evenings outdoors. A shed provides additional storage, and gutter guards with a lifetime guarantee were installed just two years ago for added ease. This lovingly cared-for home offers the perfect blend of updates, comfort, and privacy. Welcome to your new home — a place where you can settle in, make memories, and add your own personal touches over time.

ⓘ 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 2/10 Low 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,736
• − Mortgage interest: −$6,996
• − Property taxes: −$1,874
• − Insurance: −$624
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$3,633
• Taxable loss: −$750
• Est. tax savings @ 24.0%: +$180
• After-tax cash flow: $1,463/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 · 1 photo

Good 75/100 Cosmetic rehab

This 2001 double-wide manufactured home is in good condition with recent updates, including a new roof and fresh paint. It offers a good investment opportunity with potential for value increase through landscaping and exterior painting.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and can attract more buyers
• Both Painting exterior — Fresh paint can make the home look more inviting and maintain its value
• Rental Landscaping and snow removal equipment — Improves curb appeal and makes the home more attractive to renters

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and can attract more buyers ↑
• Both Painting exterior — Fresh paint can make the home look more inviting and maintain its value ↑
• Rental Landscaping and snow removal equipment — Improves curb appeal and makes the home more attractive to renters ↑

ⓘ 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: Wilson Central School District
• NCES district ID: 3631560
• Math proficiency: 52% ▼ -7.00%
• Reading proficiency: 55% ▲ 3.00%
• Median HH income: $57,181
• Composite: 46.37/100
• National rank: #2462
• State rank: #319 of 590 in NY

Livability — Ransomville

• Score: 68/100
• State rank: #548
• US rank: #9859

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,339
• Population (ZIP): 5,339

Population outlook (Niagara County) Hauer SSP2

• Today (2025): 204,149 people
• By 2030: 197,900 · -3.1%
• By 2040: 182,239 · -10.7%
• By 2050: 165,198 · -19.1%
• By 2075: 129,416 · -36.6%
• By 2100: 96,222 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 14% Slovak 4% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Niagara

• 2024 margin: R (+14.9) · D 42.5% · R 57.5%
• 2008→2024 swing: -15.9pp toward R · 2008: 1.0pp · 2024: -14.9pp
• All cycles: 2024: R+14.9 2020: R+9.7 2016: R+19.0 2012: D+0.6 2008: D+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.41%
• Current HPI: 297.4314
• 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

-10.7% since first listed

3 events — show timeline

• 2026-04-21 Price Changed $124,900 WNYREIS
• 2026-02-24 Price Changed $134,900 WNYREIS
• 2026-02-03 Listed $139,900 WNYREIS