6068 Shed Rd · Rome, NY 13440

$99,900

3 bd · 1.0 ba · 1,328 sqft · SingleFamily public records · 125 Days on market

Built 1953 1.00 ac lot $75/sqft · 57% below area ↓ 9% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bring your vision and a little TLC to this charming 3-bedroom, 1-bath ranch nestled on a full 1-acre lot with over 1,300 square feet of living space. Located in the Westmoreland School District, this home offers endless potential for investors or buyers looking to create their dream home. Inside, you'll find an eat-in kitchen, a spacious living room, and a large mudroom — perfect for keeping things organized. The three generous bedrooms offer ample closet space and original hardwood floors just waiting to be restored to their former beauty. Additional features include a full basement, crawl space attic, and an attached 2-car garage with power. Enjoy peaceful mornings or relaxing evenings in the screened-in porch just off the garage. Conveniently located just minutes from Route 49 and the City of Rome, you’ll have quick access to shopping, dining, and everyday essentials while still enjoying the tranquility of a country-like setting. Whether you're looking for a promising flip opportunity or a place to make your own, this property is full of potential. Don't miss your chance to unlock its value! ARV value approx. $250,000

Key facts

• Screened-in porch
• Large mudroom
• Full basement

Tags

• EAT-IN KITCHEN
• SPACIOUS LIVING ROOM
• LARGE MUDROOM
• FULL BASEMENT
• SCREENED-IN PORCH
• QUICK ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 5.7% in Rome — 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 64/100 on livability (#722 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities F.
• Westmoreland Central School District (rural): math 61% / reading 68% proficiency, ranked #173 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 278 active listings in the ZIP; 204 units permitted in Oneida County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Oneida County population projected at -12% 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 3.6% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.58% ✓
• Cap rate: 10.85%
• Cash-on-cash: 16.27%
• DSCR: 1.72
• GRM: 5.3

CMA / ARV

• ARV (median comp): $234,564
• List price: $99,900
• Delta: -57.41%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 7.4%
• Equity multiple: 1.29×
• Total profit: $8,106
• Equity at exit: $14,895

10-year hold

• IRR: 16.8%
• Equity multiple: 2.38×
• Total profit: $38,713
• Equity at exit: $8,638

Cash invested: $27,972 (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 13440

• Home prices YoY: -8.0%
• Active inventory: 278
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,580 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$304 /mo · $3,645/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $379

Break-even live

Break-even rent $1,100

Max offer price $99,900

Occupancy floor 71%

Sensitivity live

Price	-10% $436	-5% $408	+0% $379	+5% $351	+10% $323
Rent	-10% $254	-5% $317	+0% $379	+5% $442	+10% $504
Rate	-1.0pp $430	-0.5pp $405	base $379	+0.5pp $353	+1.0pp $327

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $99,900 Active 125 DOM
2. 2026-06-19
   days on market $99,900 Active 123 DOM
3. 2026-06-18
   days on market $99,900 Active 122 DOM
4. 2026-06-17
   days on market $99,900 Active 121 DOM
5. 2026-06-16
   days on market $99,900 Active 120 DOM
6. 2026-06-15
   days on market $99,900 Active 119 DOM
7. 2026-06-14
   days on market $99,900 Active 117 DOM
8. 2026-06-13
   days on market $99,900 Active 116 DOM
9. 2026-06-10
   days on market $99,900 Active 114 DOM
10. 2026-06-09
    days on market $99,900 Active 113 DOM
11. 2026-06-08
    days on market $99,900 Active 112 DOM
12. 2026-06-07
    days on market $99,900 Active 111 DOM
13. 2026-06-03
    days on market $99,900 Active 107 DOM
14. 2026-06-02
    days on market $99,900 Active 106 DOM
15. 2026-06-01
    days on market $99,900 Active 105 DOM
16. 2026-05-31
    days on market $99,900 Active 104 DOM
17. 2026-05-30
    days on market $99,900 Active 103 DOM
18. 2026-02-16
    listed $99,900 Active 1150-char remark

    Show marketing remark (1150 chars)

    Bring your vision and a little TLC to this charming 3-bedroom, 1-bath ranch nestled on a full 1-acre lot with over 1,300 square feet of living space. Located in the Westmoreland School District, this home offers endless potential for investors or buyers looking to create their dream home. Inside, you'll find an eat-in kitchen, a spacious living room, and a large mudroom — perfect for keeping things organized. The three generous bedrooms offer ample closet space and original hardwood floors just waiting to be restored to their former beauty. Additional features include a full basement, crawl space attic, and an attached 2-car garage with power. Enjoy peaceful mornings or relaxing evenings in the screened-in porch just off the garage. Conveniently located just minutes from Route 49 and the City of Rome, you’ll have quick access to shopping, dining, and everyday essentials while still enjoying the tranquility of a country-like setting. Whether you're looking for a promising flip opportunity or a place to make your own, this property is full of potential. Don't miss your chance to unlock its value! ARV value approx. $250,000

19. 2026-02-15
    historical
20. 2025-09-24
    listed $109,900 Active

ⓘ 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: $3,645 · $304/mo
• Projected year-2 tax: $3,645 · $304/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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,966
• − Mortgage interest: −$5,596
• − Property taxes: −$3,645
• − Insurance: −$500
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − Depreciation: −$2,906
• Taxable income: $3,285
• Est. tax owed @ 24.0%: −$788
• After-tax cash flow: $3,764/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: Westmoreland Central School District
• NCES district ID: 3631050
• Math proficiency: 61% ▼ -1.00%
• Reading proficiency: 68% ▲ 7.00%
• Median HH income: $64,671
• Composite: 56.19/100
• National rank: #1176
• State rank: #173 of 590 in NY

Livability — Rome

• Score: 64/100
• State rank: #722
• US rank: #13676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 41,418
• Population (ZIP): 41,273

Population outlook (Oneida County) Hauer SSP2

• Today (2025): 225,223 people
• By 2030: 220,384 · -2.1%
• By 2040: 209,071 · -7.2%
• By 2050: 197,920 · -12.1%
• By 2075: 175,541 · -22.1%
• By 2100: 148,491 · -34.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 6% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Oneida

• 2024 margin: Strong R (+21.3) · D 39.4% · R 60.6%
• 2008→2024 swing: -15.2pp toward R · 2008: -6.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+15.5 2016: R+21.1 2012: R+5.3 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.58%
• Current HPI: 339.3589
• 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

-9.1% since first listed

3 events — show timeline

• 2026-02-16 Listed $99,900 CNYIS
• 2026-02-15 Listing Removed — CNYIS
• 2025-09-24 Listed $109,900 CNYIS

Property tax history

+7.1%/yr

Latest (2025): $3,645 · +4.3% YoY. Source: county tax records.