59 Daketown Rd · Saratoga Springs, NY 12833

$319,900

3 bd · 1.5 ba · 1,176 sqft · SingleFamily public records · 4 Days on market

Built 1994 1.00 ac lot

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Why this score? — see what drove the D 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).

• Appreciation +9.3/10.0
• ARV discount +7.5/15.0
• Cash flow +6.5/30.0
• Schools +6.1/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.1/10.0
• DSCR +0.8/10.0

Listing remarks

Charming 3 BR, 1.5 BA ranch-style home located in desirable Greenfield Center within the Saratoga School District. Nestled on a quiet road, this home offers the perfect balance of privacy and convenience. Situated on a beautiful 1-acre lot surrounded by mature trees, you'll enjoy peaceful living with plenty of space to relax. A beautiful 3-season sunroom provides the perfect spot to enjoy morning coffee or take in the peaceful backyard views and features a propane stove to help keep the space warm and comfortable during the cooler months. The heated basement and heated 2-car garage add year-round comfort and functionality, while the 3 sheds on the property provide ample add'l storage space.

Key facts

• Propane stove
• Heated basement
• Ranch-style home

Tags

• RANCH-STYLE HOME
• SARATOGA SCHOOL DISTRICT
• 1-ACRE LOT
• 3-SEASON SUNROOM
• PROPANE STOVE
• HEATED BASEMENT

Property features AI

Exterior

• Parking: Under-residence parking; Detached or attached 2-car garage with heated space and garage door opener; Paved driveway; Total parking for 10 vehicles
• Utilities: Electric with circuit breakers and generator; Septic tank
• Home design: Single-family residence; One-story main level with basement; Vinyl siding; Asphalt roof; Concrete perimeter foundation; Property faces with 143' main road frontage on a 1-acre lot
• Construction: Vinyl siding construction; Asphalt roof; Concrete perimeter foundation
• Exterior features: Enclosed rear porch (three-season); Paved driveway and exterior lighting; Shed(s) on property; Road frontage and wooded lot

Interior

• Kitchen: Dishwasher; Electric oven; Range; Range hood; Microwave; Refrigerator; Electric water heater
• Bedrooms: Three first-floor bedrooms
• Flooring: Carpet; Hardwood; Linoleum
• Bathrooms: One full bathroom on the first floor; One half bathroom on the first floor
• Heating & cooling: Forced-air heating (oil and propane); Central air conditioning; Attic fan
• Interior features: High-speed internet; Ceiling paddle fan; Walk-in closet(s); Atrium door, sliding doors and storm door(s); Window coverings include screens, shutters, blinds and curtain rods; Finished, heated basement with both interior and exterior entry; One fireplace
• Laundry & utility: Laundry in basement; Fuel tank(s) present

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-545 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $224k (30.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (39.3% below list).
• Recommended offer: $194k (39.3% below list) — sets the bar for 1% rule.
• Cap rate 4.2% vs local median 2.0% in Saratoga Springs — 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 82/100 on livability (#83 in NY, #1,284 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, health & safety A; Watch: amenities D+, cost of living F.
• Saratoga Springs City SD (suburban): math 67% / reading 72% proficiency, ranked #138 of 590 in NY (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Greenfield Elementary School (math 72% / reading 77%, grade A, #314 of 2,108 statewide, top 17%, 406 students, 36% FRL); Saratoga Springs High School (math 98% / reading 92%, grade A+, #83 of 1,100 statewide, top 8%, 1,947 students, 26% FRL) — zoned schools average 31% FRL vs 15% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 85% at this address vs 70% district-wide (+15 pts) — the actual schools serving this property are materially stronger than the Saratoga Springs City SD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 47 active listings in the ZIP; 1,132 units permitted in Saratoga County in 2024 (378 in 5+ unit buildings).

Forward outlook

• In year one you build about $30k of equity ($2k loan paydown + $28k appreciation (8.7% local appreciation)).
• Saratoga County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$48k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $194,277 (39.3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.61% ✗
• Cap rate: 4.25%
• Cash-on-cash: -7.30%
• DSCR: 0.68
• GRM: 13.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.69% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 2.24×
• Total profit: $111,375
• Equity at exit: $258,293

10-year hold

• IRR: 15.5%
• Equity multiple: 4.91×
• Total profit: $350,029
• Equity at exit: $527,988

Cash invested: $89,572 (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 12833

• Home prices YoY: 2.6%
• Active inventory: 47
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $1,943 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$269 /mo · $3,224/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $-545

Break-even live

Break-even rent $2,632

Max offer price $223,667

Occupancy floor —

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-03
   status $319,900 Pending 4 DOM
2. 2026-06-02
   days on market $319,900 Active 4 DOM
3. 2026-06-01
   days on market $319,900 Active 3 DOM
4. 2026-05-31
   days on market $319,900 Active 2 DOM
5. 2026-05-29
   listed $319,900 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: $3,224 · $269/mo
• Projected year-2 tax: $4,315 · $360/mo
• Expected delta: +$1,091/yr (+$91/mo · 33.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $23,313
• − Mortgage interest: −$17,919
• − Property taxes: −$3,224
• − Insurance: −$1,600
• − Repairs & maintenance: −$1,865
• − Management: −$1,865
• − Depreciation: −$9,306
• Taxable loss: −$12,466
• Est. tax savings @ 24.0%: +$2,992
• After-tax cash flow: $-3,545/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: Saratoga Springs City SD
• NCES district ID: 3625770
• Math proficiency: 67% ▼ -10.00%
• Reading proficiency: 72% ▲ 6.00%
• Median HH income: $69,864
• Composite: 60.83/100
• National rank: #818
• State rank: #138 of 590 in NY

Livability — Saratoga Springs

• Score: 82/100
• State rank: #83
• US rank: #1284

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 40,057
• Population (ZIP): 5,368

Population outlook (Saratoga County) Hauer SSP2

• Today (2025): 238,889 people
• By 2030: 243,681 · +2.0%
• By 2040: 249,118 · +4.3%
• By 2050: 248,638 · +4.1%
• By 2075: 241,675 · +1.2%
• By 2100: 213,150 · -10.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Asian 1% Hispanic / Latino 1%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 3%
• Foreign-born: 6% · Canada

Political lean MEDSL · Saratoga

• 2024 margin: Toss-up / Even · D 50.9% · R 49.1%
• 2008→2024 swing: -1.6pp toward R · 2008: 3.4pp · 2024: 1.8pp
• All cycles: 2024: D+1.8 2020: D+5.4 2016: R+4.4 2012: D+2.1 2008: D+3.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.69%
• Current HPI: 347.631
• 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

• 2026-05-29 Listed $319,900 Global MLS

Property tax history

+16.8%/yr

Latest (2025): $3,224 · -4.6% YoY. Source: county tax records.