37 Hubbard Ave #74 · Riverhead, NY 11901

$129,999

2 bd · 1.5 ba · 840 sqft · Manufactured · 47 Days on market

Built 2000 $155/sqft · 56% above area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming Move-In Ready Home in the Heart of the East End. Welcome to this beautifully maintained 2-bedroom, 1.5 bath mobile home ideally located in the heart of the East End. Perfectly positioned as the gateway between the North Fork and the Hamptons. Nestled within a quiet, well kept community, this home offers comfort, convenience, and effortless living. Step inside to find an inviting living room featuring an electric fireplace, creating a cozy atmosphere year-round. The home boasts updated flooring throughout the kitchen and living room, adding a modern touch to the space. The eat in kitchen is designed for both function and style, complete with a breakfast bar. Perfect for casual dinin

Key facts

• Screened-in porch
• Updated flooring
• Electric fireplace

Tags

• ELECTRIC FIREPLACE
• UPDATED FLOORING
• BREAKFAST BAR
• SCREENED-IN PORCH
• FULLY FURNISHED

Property features AI

Finance

• HOA & community: Senior community

Exterior

• Parking: Driveway parking; On-street parking (total 1 parking space)
• Utilities: Electric service by PSEG; Cesspool sewer; Cable available; Phone available; Propane available; Electricity connected
• Home design: Manufactured house (mobile home); Single wide; One level
• Construction: Property condition: Actual
• Exterior features: Mailbox; Shed(s); No fencing

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Bedroom on first floor
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Propane heating; Central air conditioning
• Interior features: First-floor bedroom and full bath; Breakfast bar; Ceiling fans; Eat-in kitchen; Primary bathroom; Master bedroom on main level; Storage; Walk-through kitchen; Washer/dryer hookup; Shutters; Skylights; Porch (screened)
• Laundry & utility: Washer/dryer hookup; Laundry in hall; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 25.0% vs local median 4.6% in Riverhead — 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 73/100 on livability (#325 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+, housing B+; Watch: cost of living F.
• Riverhead Central School District (suburban): math 34% / reading 48% proficiency, ranked #489 of 590 in NY (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Aquebogue Elementary School (math 47% / reading 57%, grade C-, #988 of 2,108 statewide, top 49%, 474 students, 40% FRL); Riverhead Middle School (math 18% / reading 35%, grade F, #594 of 729 statewide, top 81%, 827 students, 57% FRL); Riverhead Senior High School (math 80% / reading 86%, grade A, #440 of 1,100 statewide, top 40%, 2,001 students, 52% FRL).
• Zoned-school proficiency averages 54% at this address vs 41% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Riverhead Central School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 188 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,099 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.72% ✓
• Cap rate: 25.03%
• Cash-on-cash: 66.91%
• DSCR: 3.98
• GRM: 3.1

CMA / ARV

• ARV (median comp): $83,207
• List price: $129,999
• Delta: 56.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37-73 Hubbard Ave	0.00mi	2/1.0	720 (-14%)	9mo	$69,000	$96	66
37-13 Hubbard Ave	0.00mi	2/1.0	720 (-14%)	18mo	$84,000	$117	59
37-95 Hubbard Ave	0.73mi	2/1.5	756 (-10%)	18mo	$65,000	$86	34
37-66 Hubbard Ave #66	0.73mi	2/1.0	720 (-14%)	12mo	$65,000	$90	30

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

Projected returns pro-forma

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

5-year hold

• IRR: 66.2%
• Equity multiple: 3.97×
• Total profit: $108,172
• Equity at exit: $19,383

10-year hold

• IRR: 70.5%
• Equity multiple: 8.16×
• Total profit: $260,529
• Equity at exit: $11,240

Cash invested: $36,400 (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 11901

• Home prices YoY: -29.5%
• Active inventory: 188
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $3,538 high
• Mortgage (P&I): −$682
• Tax from tax record: −$29 /mo · $352/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$743
• Net cashflow: $2,030

Break-even live

Break-even rent $969

Max offer price $129,999

Occupancy floor 38%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
331 E Main St Unit 404 Riverhead, NY	1.0	1.0	712	$3,750	$5.27	44d	1	0.81mi
331 E Main St Riverhead, NY	1.0–2.0	1.0	822	$4,300	$5.23	1d	3	0.81mi
331 E Main St Unit 204 Riverhead, NY	2.0	1.0	867	$3,350	$3.86	44d	1	0.81mi
331 E Main St Unit 405 Riverhead, NY	2.0	1.0	777	$4,300	$5.53	44d	1	0.81mi
221 E Main St Unit 227 Riverhead, NY	1.0	1.0	680	$2,154	$3.17	44d	1	0.87mi
221 E Main St Unit 502 Riverhead, NY	1.0	1.0	624	$1,794	$2.88	44d	1	0.87mi
67 Reeves Bay Trl Unit 1546122P Riverhead, NY	1.0	1.0	990	$5,161	$5.21	13d	1	1.42mi

Listing history 14 events

1. 2026-06-18
   days on market $129,999 Active 47 DOM
2. 2026-06-17
   days on market $129,999 Active 46 DOM
3. 2026-06-16
   days on market $129,999 Active 45 DOM
4. 2026-06-15
   days on market $129,999 Active 44 DOM
5. 2026-06-13
   days on market $129,999 Active 42 DOM
6. 2026-06-09
   days on market $129,999 Active 38 DOM
7. 2026-06-08
   days on market $129,999 Active 37 DOM
8. 2026-06-07
   days on market $129,999 Active 36 DOM
9. 2026-06-04
   days on market $129,999 Active 33 DOM
10. 2026-06-03
    days on market $129,999 Active 32 DOM
11. 2026-06-02
    days on market $129,999 Active 31 DOM
12. 2026-06-01
    days on market $129,999 Active 30 DOM
13. 2026-05-31
    days on market $129,999 Active 29 DOM
14. 2026-05-02
    listed $129,999 Active 1171-char remark

ⓘ 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: $352 · $29/mo
• Projected year-2 tax: $1,274 · $106/mo
• Expected delta: +$923/yr (+$77/mo · 262.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥92°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,453
• − Mortgage interest: −$7,282
• − Property taxes: −$352
• − Insurance: −$650
• − Repairs & maintenance: −$3,396
• − Management: −$3,396
• − Depreciation: −$3,782
• Taxable income: $23,595
• Est. tax owed @ 24.0%: −$5,663
• After-tax cash flow: $18,692/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: Riverhead Central School District
• NCES district ID: 3624690
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 48% ▲ 13.00%
• Median HH income: $61,607
• Composite: 36.38/100
• National rank: #4683
• State rank: #489 of 590 in NY

Livability — Riverhead

• Score: 73/100
• State rank: #325
• US rank: #5379

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Riverhead, NY
• City population: 716
• Population (ZIP): 32,921

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 52% Hispanic / Latino 29% Two or more races 14% Black 11% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Iranian 1% Portuguese 1%
• Foreign-born: 25% · Canada, Jamaica
• Languages at home: 68% English-only · Spanish 26% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -182.60%
• Current HPI: 436.7781
• 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

• 2026-05-02 Listed $129,999 OneKey® MLS as Distributed by MLS Grid