729 W Church St · Elmira, NY 14905

$109,900

4 bd · 1.0 ba · 1,897 sqft · SingleFamily public records · 162 Days on market

Built 1900 7,787 sqft lot $58/sqft · 35% below area Est $169k · 35% under ↓ 17% since listing

---

Why this score? — see what drove the C 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 +20.0/30.0
• ARV discount +15.0/15.0
• 1% rule +7.1/10.0
• DSCR +6.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming two-story, 4-bedroom, 1-bath home in the West Elmira area offering solid bones and plenty of potential. The home features a spacious layout with large bedrooms and good storage throughout. One bedroom includes access to a private balcony. Original woodwork adds character and charm. Enjoy a covered front porch as well as a side porch ideal for relaxing. Detached two-car garage. Full, unfinished walk-in attic provides additional storage or future living space. If you’re looking for a roomy house with lots of character, this is it! You’ll feel right at home as soon as you walk in.

Key facts

• Covered front porch
• Private balcony
• Side porch

Tags

• PRIVATE BALCONY
• COVERED FRONT PORCH
• SIDE PORCH
• DETACHED GARAGE
• UNFINISHED WALK-IN ATTIC

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $135 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 10.1% in Elmira — 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 62/100 on livability (#832 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Elmira City School District (urban): math 23% / reading 35% proficiency, ranked #580 of 590 in NY (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 39 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 91 units permitted in Chemung County in 2024 (63 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Chemung County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 162 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 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 1900 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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 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: 1.21% ✓
• Cap rate: 7.76%
• Cash-on-cash: 5.26%
• DSCR: 1.23
• GRM: 6.9

CMA / ARV

• ARV (median comp): $169,401
• List price: $109,900
• Delta: -35.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
356 Euclid Ave	0.27mi	4/1.5	1,864 (-2%)	5mo	$128,000	$69	78
55 Hoffman St	0.21mi	5/1.5 (+1)	1,785 (-6%)	0mo	$115,000	$64	73
907 W Clinton St	0.39mi	3/2.0 (-1)	1,958 (+3%)	2mo	$275,000	$140	66
816 W Gray St	0.14mi	3/1.0 (-1)	1,642 (-13%)	0mo	$133,000	$81	66
413 West Hudson St	0.74mi	4/1.5	1,888 (-0%)	1mo	$45,000	$24	62
862 Fassett Rd	0.65mi	3/1.5 (-1)	1,880 (-1%)	0mo	$315,525	$168	61
354 Euclid Ave	0.27mi	4/2.0	1,716 (-10%)	8mo	$100,000	$58	61
106 Elm St	0.54mi	4/1.5	2,027 (+7%)	1mo	$45,000	$22	60
903 W 1st St	0.24mi	3/1.5 (-1)	1,632 (-14%)	4mo	$125,000	$77	55
34 Sunnyside Dr	0.59mi	4/2.5	1,968 (+4%)	8mo	$245,900	$125	53
460 W 3rd St	0.54mi	3/1.5 (-1)	1,716 (-10%)	0mo	$40,000	$23	52
632 Partridge St	0.53mi	3/2.0 (-1)	1,632 (-14%)	8mo	$155,000	$95	36

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: -8.0%
• Equity multiple: 0.70×
• Total profit: $-9,104
• Equity at exit: $16,386

10-year hold

• IRR: 1.6%
• Equity multiple: 1.12×
• Total profit: $3,610
• Equity at exit: $9,502

Cash invested: $30,772 (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 14905

• Home prices YoY: -9.4%
• Active inventory: 39
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,335 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$297 /mo · $3,569/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $135

Break-even live

Break-even rent $1,164

Max offer price $109,900

Occupancy floor 85%

Sensitivity live

Price	-10% $197	-5% $166	+0% $135	+5% $104	+10% $73
Rent	-10% $29	-5% $82	+0% $135	+5% $188	+10% $240
Rate	-1.0pp $190	-0.5pp $163	base $135	+0.5pp $106	+1.0pp $77

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 W 1st St Unit A Elmira, NY	4.0	1.0	1416	$1,275	$0.90	44d	1	0.36mi
355 W Clinton St Unit 1 Elmira, NY	3.0	1.5	1650	$1,400	$0.85	44d	1	0.76mi
106 W 2nd St Unit A Elmira, NY	3.0	1.0	1395	$1,400	$1.00	44d	1	1.00mi

Listing history 20 events

1. 2026-06-19
   days on market $109,900 Active 162 DOM
2. 2026-06-18
   days on market $109,900 Active 161 DOM
3. 2026-06-17
   days on market $109,900 Active 160 DOM
4. 2026-06-16
   days on market $109,900 Active 159 DOM
5. 2026-06-15
   days on market $109,900 Active 158 DOM
6. 2026-06-14
   days on market $109,900 Active 156 DOM
7. 2026-06-12
   remarks 623-char remark
8. 2026-06-12
   pricedays on market $109,900 Active 155 DOM
9. 2026-06-09
   days on market $124,900 Active 152 DOM
10. 2026-06-08
    days on market $124,900 Active 151 DOM
11. 2026-06-07
    days on market $124,900 Active 150 DOM
12. 2026-06-05
    days on market $124,900 Active 147 DOM
13. 2026-06-03
    days on market $124,900 Active 146 DOM
14. 2026-06-02
    days on market $124,900 Active 145 DOM
15. 2026-06-01
    days on market $124,900 Active 144 DOM
16. 2026-05-31
    days on market $124,900 Active 143 DOM
17. 2026-05-30
    days on market $124,900 Active 142 DOM
18. 2026-04-11
    price $124,900 605-char remark

    Show marketing remark (605 chars)

    Charming two-story, 4-bedroom, 1-bath home in the West Elmira area offering solid bones and plenty of potential. The home features a spacious layout with large bedrooms and good storage throughout. One bedroom includes access to a private balcony. Original woodwork adds character and charm. Enjoy a covered front porch as well as a side porch ideal for relaxing. Detached two-car garage. Full, unfinished walk-in attic provides additional storage or future living space. If you’re looking for a roomy house with lots of character, this is it! You’ll feel right at home as soon as you walk in.

19. 2026-02-19
    price $139,900 605-char remark

    Show marketing remark (605 chars)

    Charming two-story, 4-bedroom, 1-bath home in the West Elmira area offering solid bones and plenty of potential. The home features a spacious layout with large bedrooms and good storage throughout. One bedroom includes access to a private balcony. Original woodwork adds character and charm. Enjoy a covered front porch as well as a side porch ideal for relaxing. Detached two-car garage. Full, unfinished walk-in attic provides additional storage or future living space. If you’re looking for a roomy house with lots of character, this is it! You’ll feel right at home as soon as you walk in.

20. 2026-01-08
    listed $149,900 Active 605-char remark

    Show marketing remark (605 chars)

    Charming two-story, 4-bedroom, 1-bath home in the West Elmira area offering solid bones and plenty of potential. The home features a spacious layout with large bedrooms and good storage throughout. One bedroom includes access to a private balcony. Original woodwork adds character and charm. Enjoy a covered front porch as well as a side porch ideal for relaxing. Detached two-car garage. Full, unfinished walk-in attic provides additional storage or future living space. If you’re looking for a roomy house with lots of character, this is it! You’ll feel right at home as soon as you walk in.

ⓘ 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: $3,569 · $297/mo
• Projected year-2 tax: $3,569 · $297/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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 8 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% 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: $16,015
• − Mortgage interest: −$6,156
• − Property taxes: −$3,569
• − Insurance: −$550
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − Depreciation: −$3,197
• Taxable loss: −$19
• Est. tax savings @ 24.0%: +$5
• After-tax cash flow: $1,622/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: Elmira City School District
• NCES district ID: 3610560
• Math proficiency: 23% ▼ -7.00%
• Reading proficiency: 35% ▲ 7.00%
• Median HH income: $40,180
• Composite: 24.39/100
• National rank: #7688
• State rank: #580 of 590 in NY

Livability — Elmira

• Score: 62/100
• State rank: #832
• US rank: #16139

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elmira, NY
• City population: 14,276
• Population (ZIP): 8,976

Population outlook (Chemung County) Hauer SSP2

• Today (2025): 82,931 people
• By 2030: 80,356 · -3.1%
• By 2040: 74,745 · -9.9%
• By 2050: 69,012 · -16.8%
• By 2075: 55,689 · -32.8%
• By 2100: 41,428 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 7% Black 7% Hispanic / Latino 3% Asian 3%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 93% English-only · Spanish 2% Chinese 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Chemung

• 2024 margin: R (+16.8) · D 41.6% · R 58.4%
• 2008→2024 swing: -15.6pp toward R · 2008: -1.2pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+13.4 2016: R+20.0 2012: R+2.9 2008: R+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.09%
• Current HPI: 252.0326
• 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

-16.7% since first listed

3 events — show timeline

• 2026-04-11 Price Changed $124,900 UNYREIS
• 2026-02-19 Price Changed $139,900 UNYREIS
• 2026-01-08 Listed $149,900 UNYREIS

Property tax history

+7.5%/yr

Latest (2025): $3,569 · -13.1% YoY. Source: county tax records.