360 Fairmount Ave · Jamestown, NY 14701

$50,000

3 bd · 2.0 ba · 1,838 sqft · MultiFamily public records · 14 Days on market

Built 1900 5,760 sqft lot Est $81k · 38% under

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

A 2 unit income property with mostly new vinyl replacement windows, exterior recently painted, off street parking & close to shopping.

Key facts

• Multi-family layout
• Conveniently located
• 5,760 sq ft lot

Tags

• VINYL REPLACEMENT WINDOWS
• MULTI-FAMILY LAYOUT
• LEVEL SHADED BACKYARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Owner pays: other (see remarks); Rent includes: see remarks
• Financial info: Property is a 2-unit building with separate gas and electric meters for each unit; Operating expenses include water and sewer

Exterior

• Parking: One parking space
• Utilities: Public water connected; Sewer connected
• Home design: 2-story building; Shake siding construction; Existing construction
• Construction: Shake siding
• Exterior features: Rectangular lot; Main thoroughfare frontage

Interior

• Kitchen: No specific kitchen appliance details listed
• Bedrooms: One unit with 2 bedrooms; One unit with 1 bedroom
• Bathrooms: Two full bathrooms total (each unit has 1 full bathroom)
• Heating & cooling: Electric baseboard heating
• Interior features: Exterior entry basement with walk-up access; Resale condition
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $50k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive. Per door: $747/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Cap rate 42.1% vs local median 16.6% in Jamestown — 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 (#470 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, crime F.
• Jamestown City School District (town): math 33% / reading 42% proficiency, ranked #553 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 313 active listings in the ZIP; 127 units permitted in Chautauqua County in 2024 (0 in 5+ unit buildings).
• At $2,328/mo this rent would consume 56% of the median local household income ($50k/yr) (locally 1838% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Chautauqua County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $50,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 4.66% ✓
• Cap rate: 42.14%
• Cash-on-cash: 128.02%
• DSCR: 6.70
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $80,872
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
30 Catlin Ave	0.29mi	4/2.0 (+1)	1,994 (+8%)	11mo	$87,000	$44	58
113 Hall Ave	0.39mi	4/2.0 (+1)	1,631 (-11%)	9mo	$69,400	$43	51
79 Pershing Ave	0.68mi	2/2.0 (-1)	1,728 (-6%)	14mo	$119,000	$69	41
125 Fairview Ave	0.45mi	4/2.0 (+1)	1,624 (-12%)	16mo	$95,000	$58	41
205 Front St	0.68mi	4/2.0 (+1)	1,612 (-12%)	19mo	$71,400	$44	27

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: —
• Equity multiple: 7.22×
• Total profit: $87,060
• Equity at exit: $7,455

10-year hold

• IRR: —
• Equity multiple: 15.17×
• Total profit: $198,444
• Equity at exit: $4,323

Cash invested: $14,000 (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 14701

• Home prices YoY: -18.5%
• Active inventory: 313
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,328 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $1,494

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 31%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,328
Total (2 units)			$2,328

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-19
   days on market $50,000 Active 14 DOM
2. 2026-06-18
   days on market $50,000 Active 13 DOM
3. 2026-06-17
   days on market $50,000 Active 12 DOM
4. 2026-06-16
   days on market $50,000 Active 11 DOM
5. 2026-06-15
   days on market $50,000 Active 10 DOM
6. 2026-06-14
   days on market $50,000 Active 8 DOM
7. 2026-06-12
   days on market $50,000 Active 7 DOM
8. 2026-06-09
   days on market $50,000 Active 4 DOM
9. 2026-06-08
   days on market $50,000 Active 3 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $50,000 Active 2 DOM

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,936
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$2,235
• − Management: −$2,235
• − Depreciation: −$1,455
• Taxable income: $18,211
• Est. tax owed @ 24.0%: −$4,371
• After-tax cash flow: $13,552/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: Jamestown City School District
• NCES district ID: 3615630
• Math proficiency: 33% ▼ -3.00%
• Reading proficiency: 42% ▲ 5.00%
• Median HH income: $32,240
• Composite: 30.69/100
• National rank: #6176
• State rank: #553 of 590 in NY

Livability — Jamestown

• Score: 69/100
• State rank: #470
• US rank: #8213

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, NY
• County: Chautauqua County · 38,461 people
• City population: 38,461
• Metro: Jamestown-Dunkirk-Fredonia, NY
• Population (ZIP): 38,461
• Household income: $49,685
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 1838.0

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 123,454 people
• By 2030: 118,509 · -4.0%
• By 2040: 107,311 · -13.1%
• By 2050: 96,703 · -21.7%
• By 2075: 76,757 · -37.8%
• By 2100: 60,984 · -50.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 6% Black 3%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Chautauqua

• 2024 margin: Strong R (+22.0) · D 39.0% · R 61.0%
• 2008→2024 swing: -22.9pp toward R · 2008: 0.9pp · 2024: -22.0pp
• All cycles: 2024: R+22.0 2020: R+19.8 2016: R+24.6 2012: R+8.2 2008: D+0.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.93%
• Current HPI: 259.402
• Rent YoY: —
• Metro: Jamestown-Dunkirk-Fredonia, 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

+81.8% since first listed

18 events — show timeline

• 2026-06-05 Listed $50,000 UNYREIS
• 2026-03-12 Listing Removed — UNYREIS
• 2026-02-14 Price Changed $72,000 UNYREIS
• 2025-05-08 Price Changed $75,000 UNYREIS
• 2025-04-28 Relisted — UNYREIS
• 2025-04-20 Pending — UNYREIS
• 2025-03-13 Listed $80,000 UNYREIS
• 2022-03-24 Sold (MLS) $45,000 UNYREIS
• 2022-03-23 Sold (Public Records) $191,000 Public Records
• 2021-11-05 Pending — UNYREIS
• 2021-10-28 Listed $49,900 UNYREIS
• 2018-12-14 Listing Removed — UNYREIS
• 2018-08-28 Price Changed $29,900 UNYREIS
• 2018-06-11 Price Changed $299,000 UNYREIS
• 2018-03-29 Listed $339,000 UNYREIS
• 2006-11-08 Sold (MLS) $24,500 UNYREIS
• 2006-01-14 Listed $29,500 UNYREIS
• 1992-04-15 Sold (Public Records) $27,500 Public Records

Property tax history

+3.2%/yr

Latest (2025): $3,026 · +136.2% YoY. Source: county tax records.