217 Mount Hope Dr · Albany, NY 12202

$180,000

3 bd · 1.0 ba · 1,102 sqft · Townhouse public records · 9 Days on market

Built 1966 1,306 sqft lot Est $164k · 10% over

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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 +16.6/30.0
• Appreciation +10.0/10.0
• DSCR +5.1/10.0
• 1% rule +4.9/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• ARV discount +3.2/15.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

IMMACULATE TOWNHOUSE W/MANY UPDATES INCLUDING NEW ROOF, NEW FURNACE 2002, NEW BATH, DOUBLE DRIVEWAY-NEWLY PAVED. HW FLRS T/O. ENCLOSED FRONT ENTRANCE. FENCED YD. MOVE IN CONDITION -- Excellent Condition

Key facts

• Renovated bathroom
• Newer furnace
• Newer roof

Tags

• RENOVATED KITCHEN
• RENOVATED BATHROOM
• NEWER ROOF
• NEWER FURNACE
• SPACIOUS BASEMENT
• DEDICATED PARKING SPOTS

Property features AI

Exterior

• Parking: 2 parking spaces; Paved parking; other parking features
• Utilities: Public water; Public sewer
• Home design: Townhouse; Entry level rooms on the first floor (great room and kitchen)
• Construction: Brick and vinyl siding exterior; Brick/mortar foundation
• Exterior features: Asphalt shingle roof; Back yard fencing; Shed(s) on the property; Level lot

Interior

• Kitchen: Freezer; Oven; Refrigerator
• Bedrooms: Four bedrooms located on the second floor
• Flooring: Wood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: 7 total rooms; Electric fireplace in the living room; Full basement with interior entry
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $180k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (0.6% below list).
• Recommended offer: $179k (0.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 5.7% in Albany — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#129 in NY, #2,083 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, housing A+; Watch: employment C-, crime F.
• Albany City School District (urban): math 37% / reading 40% proficiency, ranked #543 of 590 in NY (top 92%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Delaware Community School (math 12% / reading 22%, grade F, #2,011 of 2,108 statewide, top 96%, 290 students, 81% FRL); Albany High School (math 74% / reading 67%, grade B+, #710 of 1,100 statewide, top 65%, 2,676 students, 69% FRL).
• Market conditions: Rents rising fast (+8.7%/yr); 58 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 675 units permitted in Albany County in 2024 (451 in 5+ unit buildings).
• This rent runs 41% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Albany County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 8.0% rent growth), your $50k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 23y 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 $60k; list at $180k implies a 200% gain — meaningful room to come down on a strong offer.

Recommended offer $178,994 (0.6% below list)

Questions for the listing agent

1. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
5. 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.
6. 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: 0.99% ✗
• Cap rate: 7.01%
• Cash-on-cash: 2.57%
• DSCR: 1.11
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $164,198
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 Mount Hope Dr	0.16mi	3/1.0	1,040 (-6%)	6mo	$200,000	$192	78
184 Mount Hope Dr	0.07mi	3/1.5	1,044 (-5%)	12mo	$168,000	$161	76
98 Mount Hope Dr	0.18mi	3/1.5	1,200 (+9%)	20mo	$87,000	$73	58
124 Mount Hope Dr	0.15mi	3/1.5	1,008 (-8%)	23mo	$150,000	$149	58
730 S Pearl St	0.37mi	3/1.0	1,044 (-5%)	20mo	$120,000	$115	57

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 28.1%
• Equity multiple: 3.27×
• Total profit: $114,428
• Equity at exit: $162,158

10-year hold

• IRR: 26.1%
• Equity multiple: 8.05×
• Total profit: $355,133
• Equity at exit: $349,700

Cash invested: $50,400 (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 12202

• Home prices YoY: 14.3%
• Rents YoY: 8.7%
• Active inventory: 58
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,790 high
• Mortgage (P&I): −$944
• Tax from tax record: −$287 /mo · $3,447/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $108

Break-even live

Break-even rent $1,653

Max offer price $180,000

Occupancy floor 89%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
98 Mount Hope Dr Albany, NY	2.0	1.5	1200	$2,000	$1.67	14d	1	0.19mi
475 S Pearl St #3 Albany, NY	4.0	2.0	1200	$1,850	$1.54	14d	1	0.59mi
475 S Pearl St #3 Albany, NY	4.0	2.0	1200	$1,850	$1.54	21d	1	0.59mi
22 Hurlbut St Albany, NY	3.0	1.0	1209	$2,050	$1.70	43d	1	0.67mi
31 Bertha St Albany, NY	4.0	1.0	1116	$2,000	$1.79	23d	1	0.71mi
132 4th Ave Albany, NY	3.0	1.0	770	$1,800	$2.34	21d	1	0.75mi
50 Southern Blvd Albany, NY	3.0	1.0	1200	$1,650	$1.38	14d	1	0.82mi
502 Second Ave #3 Albany, NY	3.0	1.0	1100	$1,800	$1.64	43d	1	0.87mi
86 Hackett Blvd Albany, NY	2.0	1.0	1100	$1,900	$1.73	23d	1	0.99mi
25 Bleecker Pl #1 Albany, NY	2.0	1.0	1150	$1,350	$1.17	44d	1	1.10mi
17 Ash Grove Pl Albany, NY	2.0	1.0	800	$1,400	$1.75	43d	1	1.10mi
103 Grand St Unit 1 Albany, NY	2.0	1.0	800	$1,250	$1.56	14d	1	1.14mi
168 S Pearl St Albany, NY	3.0	1.5	1044	$1,800	$1.72	23d	1	1.17mi
4 Irving St Unit 2nd Floor Albany, NY	3.0	1.0	1000	$1,695	$1.70	43d	1	1.20mi
164 Madison Ave Albany, NY	2.0	1.0	1200	$1,500	$1.25	43d	1	1.21mi
151 S Pearl St Albany, NY	2.0	1.0	1000	$1,600	$1.60	14d	1	1.22mi
151 Madison Ave Unit C Albany, NY	2.0	1.0	750	$1,125	$1.50	23d	1	1.23mi
135 Madison Ave Unit 2 Albany, NY	2.0	1.0	1000	$1,400	$1.40	43d	1	1.25mi
31 Van Zandt St Albany, NY	2.0	1.0	850	$1,700	$2.00	43d	1	1.26mi
346 Madison Ave Unit 3 Albany, NY	3.0	2.0	1110	$2,725	$2.45	43d	1	1.31mi
346 Madison Ave Albany, NY	3.0	2.0	1500	$2,495	$1.66	23d	1	1.31mi
364 Madison Ave Albany, NY	2.0	2.0	1150	$1,850	$1.61	21d	1	1.33mi
341 Madison Ave Albany, NY	2.0	1.0	1000	$1,800	$1.80	14d	1	1.33mi
409 Madison Ave Albany, NY	2.0	2.0	1050	$2,094	$1.99	23d	1	1.41mi
292 Lark St Albany, NY	2.0	1.0	1100	$1,500	$1.36	43d	1	1.45mi
149 Jay St Albany, NY	2.0	1.0	1000	$1,750	$1.75	43d	1	1.49mi
88 Willett St Albany, NY	3.0	1.0	825	$2,080	$2.52	14d	10	1.50mi

Listing history 6 events

1. 2026-04-29
   status Pending
2. 2026-04-19
   listed $180,000 Active
3. 2003-12-08
   soldstatus $60,000
4. 2003-08-11
   soldstatus $60,000 202-char remark

   Show marketing remark (202 chars)

   IMMACULATE TOWNHOUSE W/MANY UPDATES INCLUDING NEW ROOF, NEW FURNACE 2002, NEW BATH, DOUBLE DRIVEWAY-NEWLY PAVED. HW FLRS T/O. ENCLOSED FRONT ENTRANCE. FENCED YD. MOVE IN CONDITION -- Excellent Condition

5. 2003-05-08
   historical 202-char remark

   Show marketing remark (202 chars)

   IMMACULATE TOWNHOUSE W/MANY UPDATES INCLUDING NEW ROOF, NEW FURNACE 2002, NEW BATH, DOUBLE DRIVEWAY-NEWLY PAVED. HW FLRS T/O. ENCLOSED FRONT ENTRANCE. FENCED YD. MOVE IN CONDITION -- Excellent Condition

6. 2003-01-09
   listed $69,000 202-char remark

   Show marketing remark (202 chars)

   IMMACULATE TOWNHOUSE W/MANY UPDATES INCLUDING NEW ROOF, NEW FURNACE 2002, NEW BATH, DOUBLE DRIVEWAY-NEWLY PAVED. HW FLRS T/O. ENCLOSED FRONT ENTRANCE. FENCED YD. MOVE IN CONDITION -- Excellent Condition

ⓘ 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: $3,447 · $287/mo
• Projected year-2 tax: $3,447 · $287/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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $21,479
• − Mortgage interest: −$10,083
• − Property taxes: −$3,447
• − Insurance: −$900
• − Repairs & maintenance: −$1,718
• − Management: −$1,718
• − Depreciation: −$5,236
• Taxable loss: −$1,623
• Est. tax savings @ 24.0%: +$390
• After-tax cash flow: $1,684/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: Albany City School District
• NCES district ID: 3602460
• Math proficiency: 37% ▲ 6.00%
• Reading proficiency: 40% ▲ 7.00%
• Median HH income: $40,568
• Composite: 32.34/100
• National rank: #5744
• State rank: #543 of 590 in NY

Livability — Albany

• Score: 79/100
• State rank: #129
• US rank: #2083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albany, NY
• County: Albany County · 196,626 people
• City population: 116,921
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 10,166
• Household income: $52,868
• Rent vs Own: 74.4% rent · 25.6% own
• Severe rent burden: 935.0

Population outlook (Albany County) Hauer SSP2

• Today (2025): 320,794 people
• By 2030: 327,401 · +2.1%
• By 2040: 338,218 · +5.4%
• By 2050: 348,467 · +8.6%
• By 2075: 381,693 · +19.0%
• By 2100: 393,809 · +22.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: Black 40% White 28% Hispanic / Latino 15% Two or more races 14% Asian 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Dominican 5%
• Common ancestry: Iranian 2% Romanian 1% Serbian 1%
• Foreign-born: 14% · Canada, Philippines, China
• Languages at home: 80% English-only · Spanish 10% Other Asian/Pacific 4% Arabic 1%

Political lean MEDSL · Albany

• 2024 margin: Strong D (+25.8) · D 62.9% · R 37.1%
• 2008→2024 swing: -3.6pp toward R · 2008: 29.4pp · 2024: 25.8pp
• All cycles: 2024: D+25.8 2020: D+31.4 2016: D+24.3 2012: D+31.0 2008: D+29.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 38.05%
• Current HPI: 303.8939
• Rent YoY: ▲ 8.70%
• Metro: Albany-Schenectady-Troy, NY
• 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

+160.9% since first listed

6 events — show timeline

• 2026-04-29 Pending — Global MLS
• 2026-04-19 Listed $180,000 Global MLS
• 2003-12-08 Sold (Public Records) $60,000 Public Records
• 2003-08-11 Sold (MLS) $60,000 Global MLS
• 2003-05-08 Listing Removed — Global MLS
• 2003-01-09 Listed $69,000 Global MLS

Property tax history

+1.1%/yr

Latest (2025): $3,447 · +2.7% YoY. Source: county tax records.