11 East St · Schaghticoke, NY 12154

$234,900

3 bd · 2.0 ba · 1,344 sqft · SingleFamily · 24 Days on market

Built 1991 10,018 sqft lot $175/sqft · 11% below area Est $265k · 11% under

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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).

• ARV discount +12.6/15.0
• Appreciation +9.3/10.0
• Cash flow +5.3/30.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0

Listing remarks MLS

MINT COND DOUBLEWIDE ON NICE 100X100 LOT QUIET AREA CLOSE TO CONVENIENCES LARGE MASTER WING WITH PRIVATE GARDEN TUB. LARGE LAUNDRY AREA WITH CABINETS FORMAL DINING ROOM,LARGE LIVING ROOM CALL 448-5950 KAREN -- Excellent Condition

Key facts

• Landscaped yard
• Fully fenced lot
• Detached garage

Tags

• FULLY FENCED LOT
• LANDSCAPED YARD
• DETACHED GARAGE
• SHORT STROLL TO HOOSIC RIVER

Property features AI

Exterior

• Parking: Detached garage (1 garage space); Total 3 parking spaces; Off-street driveway parking
• Utilities: Public water; Septic tank sewer
• Home design: Single family residence; Entry level: first floor
• Construction: Block foundation
• Exterior features: Rear porch; Deck; Paved driveway; Chain link fencing in front and back yard; Private, level, cleared and landscaped corner lot with garden; Detached garage structure(s)

Interior

• Kitchen: Microwave; Oven; Range; Refrigerator
• Bedrooms: Primary bedroom (first floor); Bedroom (first floor); Bedroom (first floor)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms (both on the first floor)
• Heating & cooling: Forced air heating; Kerosene heating; Cooling (other)
• Interior features: Vaulted ceilings; Walk-in closets; Crown molding; Living room fireplace
• Laundry & utility: Mud room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-526 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $159k (32.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (40.9% below list).
• Recommended offer: $139k (40.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#813 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A, cost of living B+; Watch: employment C-, crime F, amenities F.
• Hoosic Valley Central School District (rural): math 53% / reading 54% proficiency, ranked #304 of 590 in NY (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hoosic Valley Elementary School (math 47% / reading 57%, grade C-, #988 of 2,108 statewide, top 49%, 459 students, 0% FRL); Hoosic Valley Junior Senior High School (math 62% / reading 52%, grade C, #887 of 1,100 statewide, top 82%, 397 students, 0% FRL) — zoned schools average 0% FRL vs 21% district-wide (21 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 16 active listings in the ZIP; 405 units permitted in Rensselaer County in 2024 (224 in 5+ unit buildings).

Forward outlook

• In year one you build about $22k of equity ($2k loan paydown + $20k appreciation (8.5% local appreciation)).
• Rensselaer County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 29y 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 $57k; list at $235k implies a 312% gain — meaningful room to come down on a strong offer.

Recommended offer $138,878 (40.9% 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. 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?
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: 0.59% ✗
• Cap rate: 3.60%
• Cash-on-cash: -9.60%
• DSCR: 0.57
• GRM: 14.1

CMA / ARV

• ARV (median comp): $265,045
• List price: $234,900
• Delta: -11.37%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Projected returns pro-forma

8.5% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.0%
• Equity multiple: 2.08×
• Total profit: $70,882
• Equity at exit: $186,556

10-year hold

• IRR: 14.0%
• Equity multiple: 4.51×
• Total profit: $231,141
• Equity at exit: $378,311

Cash invested: $65,772 (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 12154

• Home prices YoY: 2.9%
• Active inventory: 16
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $1,389 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,524/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-526

Break-even live

Break-even rent $2,055

Max offer price $158,757

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-05
   listed $244,900 Active 850-char remark
2. 2026-03-11
   listed $240,000 Active 649-char remark
3. 1999-09-04
   soldstatus $57,000

   Show marketing remark (229 chars)

   MINT COND DOUBLEWIDE ON NICE 100X100 LOT QUIET AREA CLOSE TO CONVENIENCES LARGE MASTER WING WITH PRIVATE GARDEN TUB. LARGE LAUNDRY AREA WITH CABINETS FORMAL DINING ROOM,LARGE LIVING ROOM CALL 448-5950 KAREN -- Excellent Condition

4. 1997-05-14
   listed $59,000

   Show marketing remark (229 chars)

   MINT COND DOUBLEWIDE ON NICE 100X100 LOT QUIET AREA CLOSE TO CONVENIENCES LARGE MASTER WING WITH PRIVATE GARDEN TUB. LARGE LAUNDRY AREA WITH CABINETS FORMAL DINING ROOM,LARGE LIVING ROOM CALL 448-5950 KAREN -- Excellent Condition

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $16,665
• − Mortgage interest: −$13,158
• − Property taxes: −$3,524
• − Insurance: −$1,174
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − Depreciation: −$6,833
• Taxable loss: −$10,691
• Est. tax savings @ 24.0%: +$2,566
• After-tax cash flow: $-3,749/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: Hoosic Valley Central School District
• NCES district ID: 3614730
• Math proficiency: 53% ▲ 2.00%
• Reading proficiency: 54% ▲ 4.00%
• Median HH income: $65,478
• Composite: 47.17/100
• National rank: #2324
• State rank: #304 of 590 in NY

Livability — Schaghticoke

• Score: 63/100
• State rank: #813
• US rank: #15739

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schaghticoke, NY
• Population (ZIP): 2,875

Population outlook (Rensselaer County) Hauer SSP2

• Today (2025): 162,400 people
• By 2030: 161,746 · -0.4%
• By 2040: 158,095 · -2.7%
• By 2050: 152,966 · -5.8%
• By 2075: 140,767 · -13.3%
• By 2100: 124,727 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 2%
• Common ancestry: Lithuanian 10% Romanian 6% Portuguese 2%
• Foreign-born: 1%

Political lean MEDSL · Rensselaer

• 2024 margin: Toss-up / Even · D 50.7% · R 49.3%
• 2008→2024 swing: -8.0pp toward R · 2008: 9.3pp · 2024: 1.4pp
• All cycles: 2024: D+1.4 2020: D+5.6 2016: R+2.9 2012: D+11.8 2008: D+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.50%
• Current HPI: 300.9995
• 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

+298.1% since first listed

5 events — show timeline

• 2026-05-29 Pending — Global MLS
• 2026-05-19 Price Changed $234,900 Global MLS
• 2026-05-05 Listed $244,900 Global MLS
• 1999-09-04 Sold (MLS) $57,000 Global MLS
• 1997-05-14 Listed $59,000 Global MLS