27 Ritton St · Sidney, NY 13838

$75,000

3 bd · 2.0 ba · 1,260 sqft · SingleFamily public records · 83 Days on market

Built 1940 0.25 ac lot $60/sqft · 58% below area

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Why this score? — see what drove the B 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 +28.9/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.3/10.0
• Schools +3.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming 3-bedroom, 2-bath home in a quiet neighborhood with great potential. Features a functional layout, Detached garage, and nice yard space. Needs a heavy/ Full rehab, this home can truly shine great opportunity for investors.

Key facts

• Nice yard space
• Detached garage
• 0.25 acre lot

Tags

• DETACHED GARAGE
• NICE YARD SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 5.9% in Sidney — 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 69/100 on livability (#476 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools D+, employment D, amenities F.
• Sidney Central School District (town): math 44% / reading 47% proficiency, ranked #462 of 590 in NY (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 32 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 66 units permitted in Delaware County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($519 loan paydown + $2k appreciation (2.6% local appreciation)).
• Delaware County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.6% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $65k (46%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 5.0% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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 D-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. 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.
8. 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.
9. 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: 1.67% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.47%
• DSCR: 1.64
• GRM: 5.0

CMA / ARV

• ARV (median comp): $177,365
• List price: $75,000
• Delta: -57.71%
• 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
78 W Main St	0.20mi	3/1.5	1,332 (+6%)	5mo	$120,000	$90	75
22 Ritton St	0.05mi	4/1.0 (+1)	1,365 (+8%)	3mo	$155,000	$114	72
24 Sunset Ave	0.21mi	3/2.0	1,348 (+7%)	8mo	$197,000	$146	72
3 Glen Ave	0.17mi	3/1.0	1,182 (-6%)	7mo	$94,900	$80	72
4 Spruce St	0.33mi	3/1.0	1,266 (+0%)	11mo	$176,000	$139	70
65 E Main St	0.63mi	3/2.0	1,254 (-0%)	4mo	$149,900	$120	67
2 Patterson St	0.47mi	3/1.0	1,174 (-7%)	9mo	$33,000	$28	55
254 Bird Ave	0.54mi	3/1.5	1,152 (-9%)	4mo	$50,000	$43	55
10 Cayuga	0.50mi	3/1.5	1,400 (+11%)	1mo	$171,000	$122	55
71 E Main St	0.66mi	3/1.0	1,196 (-5%)	4mo	$25,000	$21	54
5 Seneca St	0.44mi	2/1.5 (-1)	1,100 (-13%)	4mo	$185,000	$168	48
274-276 Johnston Cir	0.59mi	2/1.0 (-1)	1,152 (-9%)	13mo	$93,000	$81	38

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

Projected returns pro-forma

2.6% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.3%
• Equity multiple: 2.13×
• Total profit: $23,754
• Equity at exit: $32,067

10-year hold

• IRR: 21.9%
• Equity multiple: 4.05×
• Total profit: $64,152
• Equity at exit: $48,167

Cash invested: $21,000 (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 13838

• Home prices YoY: 0.8%
• Active inventory: 32
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,250 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$310 /mo · $3,717/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $253

Break-even live

Break-even rent $930

Max offer price $75,000

Occupancy floor 75%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5355 Main St Sidney, NY	2.0	1.0	1500	$1,250	$0.83	43d	1	0.58mi

Listing history 11 events

1. 2026-06-01
   days on market $75,000 Active 83 DOM
2. 2026-05-31
   days on market $75,000 Active 82 DOM
3. 2026-03-15
   price $75,000 231-char remark

   Show marketing remark (231 chars)

   Charming 3-bedroom, 2-bath home in a quiet neighborhood with great potential. Features a functional layout, Detached garage, and nice yard space. Needs a heavy/ Full rehab, this home can truly shine great opportunity for investors.

4. 2026-03-10
   listed $140,000 Active 231-char remark

   Show marketing remark (231 chars)

   Charming 3-bedroom, 2-bath home in a quiet neighborhood with great potential. Features a functional layout, Detached garage, and nice yard space. Needs a heavy/ Full rehab, this home can truly shine great opportunity for investors.

5. 2010-11-16
   soldstatus $109,000
6. 2009-04-06
   listed $126,900
7. 2009-03-30
   historical
8. 2008-09-11
   listed $149,900
9. 2006-03-03
   soldstatus $120,000
10. 2005-10-25
    listed $124,900
11. 1993-12-01
    soldstatus $61,900

ⓘ 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: $3,717 · $310/mo
• Projected year-2 tax: $3,717 · $310/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $15,000
• − Mortgage interest: −$4,201
• − Property taxes: −$3,717
• − Insurance: −$375
• − Repairs & maintenance: −$1,200
• − Management: −$1,200
• − Depreciation: −$2,182
• Taxable income: $2,125
• Est. tax owed @ 24.0%: −$510
• After-tax cash flow: $2,528/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: Sidney Central School District
• NCES district ID: 3626850
• Math proficiency: 44% ▼ -2.00%
• Reading proficiency: 47% ▲ 5.00%
• Median HH income: $42,110
• Composite: 38.29/100
• National rank: #4232
• State rank: #462 of 590 in NY

Livability — Sidney

• Score: 69/100
• State rank: #476
• US rank: #8397

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sidney, NY
• Population (ZIP): 4,185

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 42,668 people
• By 2030: 40,337 · -5.5%
• By 2040: 35,514 · -16.8%
• By 2050: 31,265 · -26.7%
• By 2075: 24,455 · -42.7%
• By 2100: 19,529 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 12% Hispanic / Latino 8% Black 2%
• Common ancestry: Romanian 10% Iranian 9% Lithuanian 4%
• Foreign-born: 1%
• Languages at home: 92% English-only · German/W. Germanic 5% Other Asian/Pacific 2% Spanish 2%

Political lean MEDSL · Delaware

• 2024 margin: R (+19.8) · D 40.1% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -5.2pp · 2024: -19.8pp
• All cycles: 2024: R+19.8 2020: R+18.4 2016: R+29.2 2012: R+9.6 2008: R+5.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.60%
• Current HPI: 324.4858
• 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

+21.2% since first listed

9 events — show timeline

• 2026-03-15 Price Changed $75,000 WNYREIS
• 2026-03-10 Listed $140,000 WNYREIS
• 2010-11-16 Sold (Public Records) $109,000 Public Records
• 2009-04-06 Listed $126,900 UNYREIS
• 2009-03-30 Listing Removed — UNYREIS
• 2008-09-11 Listed $149,900 UNYREIS
• 2006-03-03 Sold (MLS) $120,000 UNYREIS
• 2005-10-25 Listed $124,900 UNYREIS
• 1993-12-01 Sold (Public Records) $61,900 Public Records

Property tax history

+3.0%/yr

Latest (2025): $3,717 · +2.0% YoY. Source: county tax records.