20 Wendell St Unit 34E · Hempstead, NY 11550

$290,000

1 bd · 1.0 ba · 800 sqft · Condo · 29 Days on market

Built 1966

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Why this score? — see what drove the F 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 +7.5/15.0
• 1% rule +5.4/10.0
• Cash flow +4.9/30.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly., Additional information: Appearance:Excellent,Business Located At:,Interior Features:Efficiency Kitchen,Rental Income:

Key facts

• Built 1966
• Listed 29 days

Property features AI

Finance

• HOA & community: Building amenities include elevator(s), grounds maintenance, snow removal, and trash service; Association fee covers common area maintenance, exterior maintenance, gas, grounds care, heat, hot water, and sewer; Additional monthly fee of $35

Exterior

• Parking: Attached parking; Parking lot; Additional monthly parking fee of $35
• Utilities: Public sewer; Natural gas connected; Phone available; Sewer connected; Private trash collection; Water connected
• Home design: Stock cooperative; Six-story building; Entry on 5th level
• Construction: Brick construction
• Exterior features: Brick exterior; Corner lot; Landscaped grounds; Paved areas; Private lot

Interior

• Kitchen: Dishwasher; Gas cooktop; Gas oven; Microwave; Oven; Range; Refrigerator; Stainless steel appliances
• Bedrooms: Bedroom located on the first floor
• Bathrooms: One full bathroom
• Heating & cooling: Hot water heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; First-floor full bath; Ceiling fan(s); Formal dining area; Galley-style kitchen; Granite countertops; Walk-through kitchen; Casement windows; Oversized windows; Storm windows

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $290k.

Deal economics

• At list price, monthly cash flow is $-695 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $290k).
• Recommended offer: $286k (1.5% below list) — sets the bar for market timing.
• Cap rate 3.4% vs local median 5.1% in Hempstead — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 79/100 on livability (#123 in NY, #2,002 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime C-, cost of living F.
• Hempstead Union Free School District (suburban): math 27% / reading 38% proficiency, ranked #567 of 590 in NY (top 96%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Barack Obama Elementary School (math 37% / reading 47%, grade F, #1,361 of 2,108 statewide, top 67%, 501 students, 78% FRL); Alverta B Gray Schultz Middle School (math 11% / reading 27%, grade F, #688 of 729 statewide, top 94%, 938 students, 73% FRL); Hempstead High School (math 50% / reading 69%, grade C+, #851 of 1,100 statewide, top 80%, 1,866 students, 63% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: 170 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).
• This rent runs 39% of the median local income ($93k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y 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.
• Current owner paid $75k; list at $290k implies a 287% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: major flood risk; major wind risk, 51% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $285,650 (1.5% 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. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 1.04% ✓
• Cap rate: 3.42%
• Cash-on-cash: -10.27%
• DSCR: 0.54
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -34.4%
• Equity multiple: -0.11×
• Total profit: $-90,534
• Equity at exit: $43,240

10-year hold

• IRR: -41.5%
• Equity multiple: -0.64×
• Total profit: $-132,961
• Equity at exit: $25,074

Cash invested: $81,200 (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 11550

• Active inventory: 170
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,006 high
• Mortgage (P&I): −$1,521
• Tax est. 1.5%: −$362 /mo · $4,350/yr
• Insurance: −$121
• HOA est. from 2 same-building comps: −$1,065
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $-695

Break-even live

Break-even rent $3,885

Max offer price $189,485

Occupancy floor —

Sensitivity live

Price	-10% $-494	-5% $-594	+0% $-695	+5% $-795	+10% $-895
Rent	-10% $-932	-5% $-813	+0% $-695	+5% $-576	+10% $-457
Rate	-1.0pp $-549	-0.5pp $-621	base $-695	+0.5pp $-770	+1.0pp $-846

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 Wendell St Apt 11A Hempstead, NY	2.0	1.0	800	$2,950	$3.69	14d	1	0.03mi
303 Main St Hempstead, NY	1.0–2.0	1.0–2.0	963	$3,389	$3.52	0d	7	0.27mi
36 Hilton Ave Unit 306 Hempstead, NY	1.0	1.0	1003	$2,350	$2.34	16d	1	0.40mi
343 Jackson St Unit 3 Hempstead, NY	2.0	1.5	1000	$3,300	$3.30	26d	1	0.74mi
343 Jackson St Unit 1 Hempstead, NY	2.0	2.0	1000	$3,300	$3.30	45d	1	0.74mi
111 Hempstead Tpke West Hempstead, NY	3.0	1.0–2.5	1226	$4,301	$3.51	0d	88	0.86mi
130 Hempstead Ave West Hempstead, NY	1.0–3.0	1.0–2.0	1113	$3,580	$3.22	0d	6	0.93mi
365 Stewart Ave Garden City, NY	1.0–2.0	1.0–2.0	1034	$3,220	$3.11	0d	1	0.94mi
457 Front St Hempstead, NY	1.0	1.0	725	$2,360	$3.26	0d	1	0.98mi
254 Stewart Ave Unit 2C Hempstead, NY	1.0	1.0	800	$2,350	$2.94	4d	1	1.00mi
23 Maple Ave Hempstead, NY	2.0	1.0	650	$3,000	$4.62	21d	1	1.04mi
539 Front St Hempstead, NY	2.0	1.0	850	$3,200	$3.76	23d	1	1.10mi
196 S Franklin St Hempstead, NY	2.0	1.0	600	$3,200	$5.33	45d	1	1.14mi
34 Elizabeth Ave Hempstead, NY	1.0	1.0	900	$2,300	$2.56	19d	1	1.24mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: doorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-17
   status $290,000 Pending 29 DOM
2. 2026-06-17
   days on market $290,000 Active 29 DOM
3. 2026-06-16
   days on market $290,000 Active 28 DOM
4. 2026-06-15
   days on market $290,000 Active 27 DOM
5. 2026-06-13
   days on market $290,000 Active 25 DOM
6. 2026-06-13
   days on market $290,000 Active 24 DOM
7. 2026-06-09
   days on market $290,000 Active 21 DOM
8. 2026-06-08
   days on market $290,000 Active 20 DOM
9. 2026-06-07
   days on market $290,000 Active 19 DOM
10. 2026-06-04
    days on market $290,000 Active 16 DOM
11. 2026-06-03
    days on market $290,000 Active 15 DOM
12. 2026-06-02
    days on market $290,000 Active 14 DOM
13. 2026-06-01
    days on market $290,000 Active 13 DOM
14. 2026-05-31
    days on market $290,000 Active 12 DOM
15. 2026-05-20
    listed $290,000 Active
16. 2026-05-18
    historical $290,000
17. 2017-02-03
    soldstatus $75,000 474-char remark

    Show marketing remark (355 chars)

    This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly.

18. 2017-02-03
    soldstatus $75,000 Closed 355-char remark

    Show marketing remark (355 chars)

    This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly.

19. 2016-06-21
    status Under Contract 355-char remark

    Show marketing remark (355 chars)

    This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly.

20. 2016-05-16
    listed $83,500 New 355-char remark

    Show marketing remark (474 chars)

    This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly., Additional information: Appearance:Excellent,Business Located At:,Interior Features:Efficiency Kitchen,Rental Income:

21. 2016-05-16
    listed $83,500 474-char remark

    Show marketing remark (474 chars)

    This Spacious One Bedroom Is Ready To Be Occupied. This Unit Boasts Many Windows To Maximize Natural Lighting. Lots Of Closets For Clothing And Storage. Kitchen Has Been Updated With Granite Counter Tops, Stainless Steel Appliances And Ceramic Tiles. Doorman And Laundry On Site. Attached Parking Available For A $25 Monthly Fee. Building Is Pet Friendly., Additional information: Appearance:Excellent,Business Located At:,Interior Features:Efficiency Kitchen,Rental Income:

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 51% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,068
• − Mortgage interest: −$16,245
• − Property taxes: −$4,350
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,885
• − Management: −$2,885
• − HOA: −$12,780
• − Depreciation: −$8,436
• Taxable loss: −$12,964
• Est. tax savings @ 24.0%: +$3,111
• After-tax cash flow: $-5,224/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: Hempstead Union Free School District
• NCES district ID: 3614130
• Math proficiency: 27% ▼ -4.00%
• Reading proficiency: 38% ▲ 5.00%
• Median HH income: $48,774
• Composite: 28.12/100
• National rank: #6821
• State rank: #567 of 590 in NY

Livability — Hempstead

• Score: 79/100
• State rank: #123
• US rank: #2002

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hempstead, NY
• County: Nassau County · 653,051 people
• City population: 60,960
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 60,960
• Household income: $92,677
• Rent vs Own: 50.3% rent · 49.7% own
• Severe rent burden: 2535.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 44% Black 43% Two or more races 14% White 7% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 4%
• Common ancestry: Hispanic 4%
• Foreign-born: 37% · Canada, Jamaica
• Languages at home: 53% English-only · Spanish 40% French/Haitian/Cajun 4% Other Indo-European 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -297.72%
• Current HPI: 339.055
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

+247.3% since first listed

7 events — show timeline

• 2026-05-20 Listed $290,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-18 Coming Soon $290,000 OneKey® MLS as Distributed by MLS Grid
• 2017-02-03 Sold (MLS) $75,000 OneKey® MLS as Distributed by MLS Grid
• 2017-02-03 Sold (MLS) $75,000 MLSLI
• 2016-06-21 Pending — MLSLI
• 2016-05-16 Listed $83,500 MLSLI
• 2016-05-16 Listed $83,500 OneKey® MLS as Distributed by MLS Grid