1897 Ridge Rd · Ontario, NY 14519

$239,900

4 bd · 2.0 ba · 1,724 sqft · Townhouse public records · 20 Days on market

Built 1910 8,712 sqft 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).

• Cash flow +14.7/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.5/10.0
• 1% rule +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Duplex- Apt 1 - has 1 Bedroom, kitchen , living room, stove & refrigerator, new hot water heater. Apt 2 - has 3 bedrooms, full bath, kitchen includes stove & refrigerator, formal dining room, living room, 1 floor laundry.

Key facts

• Renovated property
• Flexible layout
• First floor laundry

Tags

• RENOVATED PROPERTY
• FLEXIBLE LAYOUT
• DURABLE PLANK FLOORING
• BRAND NEW CARPETING
• SPACIOUS KITCHEN AREA
• FIRST FLOOR LAUNDRY

Property features AI

Finance

• Other: Owner pays grounds care, snow removal, and trash collection; Rent may include gardener, snow removal, and trash collection
• Financial info: Operating expenses include insurance, maintenance (structure), general maintenance, snow removal, and trash; Unit 1 rent: $1,100 (actual); Unit 2 rent: $1,800 (actual)

Exterior

• Parking: Paved parking with two or more spaces
• Utilities: Public water connected; Sewer connected; Cable available; Circuit breaker electrical service
• Home design: Two-story property; Residential 2-unit building; Existing construction
• Construction: Stone foundation; Vinyl siding; Blown-in insulation; Copper and PEX plumbing; Asphalt roof
• Exterior features: Rectangular lot; Agricultural zoning; Main thoroughfare frontage

Interior

• Kitchen: Unit 1: Refrigerator, Eat-in kitchen; Unit 2: Oven/Range, Refrigerator, Eat-in kitchen, Dining area with kitchen
• Bedrooms: One 1-bedroom unit; One 3-bedroom unit
• Flooring: Carpet; Luxury vinyl; Varies
• Bathrooms: Two full bathrooms (total in building); Each unit has one full bathroom
• Heating & cooling: Gas forced-air heating
• Interior features: Thermal windows; Programmable thermostat
• Laundry & utility: Unit 2: Washer and Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath townhouse listed at $240k.

Deal economics

• At list price, monthly cash flow is $62 ($740/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 $209k (13.0% below list).
• Recommended offer: $209k (13.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.3% in Ontario — 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 71/100 on livability (#385 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living B+; Watch: commute D, amenities F, health & safety D-.
• Wayne Central School District (suburban): math 57% / reading 68% proficiency, ranked #194 of 590 in NY (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wayne Central Primary School (439 students, 38% FRL); Wayne Central Middle School (math 42% / reading 59%, grade C, #259 of 729 statewide, top 36%, 625 students, 39% FRL); Wayne Senior High School (math 92% / reading 98%, grade A+, #93 of 1,100 statewide, top 10%, 670 students, 37% FRL) — zoned schools average 38% FRL vs 22% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 87 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 259 units permitted in Wayne County in 2024 (90 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Wayne County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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 $80k; list at $240k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $208,706 (13.0% below list)

Questions for the listing agent

1. Built in 1910 — 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. 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?
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: 0.87% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.10%
• DSCR: 1.05
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-34,959
• Equity at exit: $35,770

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-25,434
• Equity at exit: $20,742

Cash invested: $67,172 (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 14519

• Home prices YoY: -26.1%
• Active inventory: 87
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,087 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$229 /mo · $2,749/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $62

Break-even live

Break-even rent $2,009

Max offer price $239,900

Occupancy floor 92%

Sensitivity live

Price	-10% $197	-5% $130	+0% $62	+5% $-6	+10% $-74
Rent	-10% $-103	-5% $-21	+0% $62	+5% $144	+10% $227
Rate	-1.0pp $182	-0.5pp $123	base $62	+0.5pp $-1	+1.0pp $-64

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1582 Ridge Rd Ontario, NY	3.0	1.5	1600	$1,800	$1.12	16d	1	0.78mi
6190 Stokely Creek Trl Ontario, NY	3.0	2.0	1491	$2,150	$1.44	45d	1	1.09mi
6186 Jackrabbit TRL Ontario, NY	2.0–3.0	2.0–2.5	1478	$2,550	$1.73	25d	1	1.37mi

Listing history 24 events

1. 2026-06-21
   days on market $239,900 Active 20 DOM
2. 2026-06-18
   days on market $239,900 Active 17 DOM
3. 2026-06-17
   days on market $239,900 Active 16 DOM
4. 2026-06-16
   days on market $239,900 Active 15 DOM
5. 2026-06-15
   days on market $239,900 Active 14 DOM
6. 2026-06-13
   days on market $239,900 Active 12 DOM
7. 2026-06-13
   days on market $239,900 Active 11 DOM
8. 2026-06-10
   days on market $239,900 Active 9 DOM
9. 2026-06-09
   days on market $239,900 Active 8 DOM
10. 2026-06-09
    days on market $239,900 Active 7 DOM
11. 2026-06-07
    days on market $239,900 Active 6 DOM
12. 2026-06-03
    days on market $239,900 Active 2 DOM
13. 2026-06-01
    days on marketlisting id $239,900 Active 1 DOM
14. 2026-05-31
    days on market $239,900 Active 11 DOM
15. 2026-05-20
    listed $239,900 Active
16. 2017-10-30
    soldstatus $80,000
17. 2017-10-26
    soldstatus $80,000 Closed Sale or Rented 233-char remark

    Show marketing remark (233 chars)

    Duplex- Apt 1 - has 1 Bedroom, kitchen , living room, stove & refrigerator, new hot water heater. Apt 2 - has 3 bedrooms, full bath, kitchen includes stove & refrigerator, formal dining room, living room, 1 floor laundry.

18. 2017-10-10
    status Pending Sale 233-char remark

    Show marketing remark (233 chars)

    Duplex- Apt 1 - has 1 Bedroom, kitchen , living room, stove & refrigerator, new hot water heater. Apt 2 - has 3 bedrooms, full bath, kitchen includes stove & refrigerator, formal dining room, living room, 1 floor laundry.

19. 2017-09-06
    price $89,900 233-char remark

    Show marketing remark (233 chars)

    Duplex- Apt 1 - has 1 Bedroom, kitchen , living room, stove & refrigerator, new hot water heater. Apt 2 - has 3 bedrooms, full bath, kitchen includes stove & refrigerator, formal dining room, living room, 1 floor laundry.

20. 2017-08-23
    listed $99,900 Active 233-char remark

    Show marketing remark (233 chars)

    Duplex- Apt 1 - has 1 Bedroom, kitchen , living room, stove & refrigerator, new hot water heater. Apt 2 - has 3 bedrooms, full bath, kitchen includes stove & refrigerator, formal dining room, living room, 1 floor laundry.

21. 2013-06-19
    soldstatus $72,000 110-char remark

    Show marketing remark (110 chars)

    All freshly painted. Empty and ready for immediate occupancy for new owner. Newer roof and separate utilities.

22. 2013-06-18
    soldstatus $72,000
23. 2013-04-11
    listed $84,900 110-char remark

    Show marketing remark (110 chars)

    All freshly painted. Empty and ready for immediate occupancy for new owner. Newer roof and separate utilities.

24. 2012-06-06
    listed $89,900

ⓘ 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: $2,749 · $229/mo
• Projected year-2 tax: $3,402 · $283/mo
• Expected delta: +$653/yr (+$54/mo · 23.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,045
• − Mortgage interest: −$13,438
• − Property taxes: −$2,749
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,004
• − Management: −$2,004
• − Depreciation: −$6,979
• Taxable loss: −$3,328
• Est. tax savings @ 24.0%: +$799
• After-tax cash flow: $1,539/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: Wayne Central School District
• NCES district ID: 3630330
• Math proficiency: 57% ▼ -8.00%
• Reading proficiency: 68% ▲ 10.00%
• Median HH income: $61,193
• Composite: 54.18/100
• National rank: #1378
• State rank: #194 of 590 in NY

Livability — Ontario

• Score: 71/100
• State rank: #385
• US rank: #6629

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ontario, NY
• Population (ZIP): 12,487

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 85,662 people
• By 2030: 81,945 · -4.3%
• By 2040: 73,735 · -13.9%
• By 2050: 65,029 · -24.1%
• By 2075: 47,451 · -44.6%
• By 2100: 31,574 · -63.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 2% Black 1%
• Common ancestry: Iranian 5% Romanian 4% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong R (+23.1) · D 38.5% · R 61.5%
• 2008→2024 swing: -13.2pp toward R · 2008: -9.9pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.6 2016: R+26.1 2012: R+9.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.53%
• Current HPI: 242.3518
• 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

+166.9% since first listed

10 events — show timeline

• 2026-05-20 Listed $239,900 UNYREIS
• 2017-10-30 Sold (Public Records) $80,000 Public Records
• 2017-10-26 Sold (MLS) $80,000 UNYREIS
• 2017-10-10 Pending — UNYREIS
• 2017-09-06 Price Changed $89,900 UNYREIS
• 2017-08-23 Listed $99,900 UNYREIS
• 2013-06-19 Sold (MLS) $72,000 UNYREIS
• 2013-06-18 Sold (Public Records) $72,000 Public Records
• 2013-04-11 Listed $84,900 UNYREIS
• 2012-06-06 Listed $89,900 UNYREIS

Property tax history

+1.3%/yr

Latest (2025): $2,749 · +1.2% YoY. Source: county tax records.