310 Spring St · Groton, NY 13073

$95,000

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 26 Days on market

Built 1920 7,000 sqft lot $85/sqft · 56% below area ↓ 13% since listing

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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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• 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

Set in the heart of the Village of Groton, this 3-bedroom, 1-bath home offers a solid starting point with room to make it your own. The classic two-story layout features defined living and dining spaces, original woodwork details, and hardwood floors in select rooms, bringing a sense of character right away. The kitchen has a functional layout with plenty of cabinet space and is ready for thoughtful updates over time. Upstairs, you’ll find three bedrooms and a full bath with a simple, practical flow that works as-is, with flexibility to evolve as your needs or style change. The lot is intentionally manageable, smaller than a typical quarter-acre, giving you outdoor space to enjoy without the extra upkeep. Living in the Village of Groton means having day-to-day conveniences close by, along with local shops, dining, and community amenities, all while keeping that small-town feel. You’re also just a short drive from Fillmore Glen State Park, Buttermilk Falls State Park, and Taughannock Falls State Park, so getting outside and enjoying the Finger Lakes is easy. A detached garage adds useful storage or space for projects, and the location strikes a nice balance between convenience and a quieter neighborhood setting. This is a home you can grow into, build equity in, and make your own over time. Straightforward, flexible, and full of potential.

Key facts

• Manageable lot
• Hardwood floors
• Two story layout

Tags

• TWO STORY LAYOUT
• ORIGINAL WOODWORK DETAILS
• HARDWOOD FLOORS
• FUNCTIONAL KITCHEN LAYOUT
• MANAGEABLE LOT
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $94k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 3.2% in Groton — 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 (#418 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: amenities F, commute F.
• Groton Central School District (rural): math 53% / reading 46% proficiency, ranked #381 of 590 in NY (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Groton Elementary School (math 57% / reading 47%, grade C-, #988 of 2,108 statewide, top 49%, 380 students, 43% FRL); Groton Junior/Senior High School (math 52% / reading 47%, grade D, #974 of 1,100 statewide, top 91%, 402 students, 42% FRL).
• Market conditions: 36 active listings in the ZIP; 382 units permitted in Tompkins County in 2024 (208 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Tompkins County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($94k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,575 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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?
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: 1.34% ✓
• Cap rate: 10.74%
• Cash-on-cash: 15.89%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (median comp): $217,543
• List price: $95,000
• Delta: -56.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 S Parkway St	0.17mi	3/2.0	1,188 (+6%)	8mo	$234,800	$198	71
105 S Parkway	0.22mi	2/1.0 (-1)	1,021 (-9%)	4mo	$180,000	$176	67
309 W South St. St	0.26mi	3/1.0	1,215 (+8%)	17mo	$198,000	$163	59
115 Morton Ave	0.65mi	3/1.5	1,162 (+4%)	11mo	$155,000	$133	52
115 Walpole Rd	0.42mi	3/2.0	1,248 (+11%)	20mo	$295,000	$236	40

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: 6.8%
• Equity multiple: 1.27×
• Total profit: $7,063
• Equity at exit: $14,165

10-year hold

• IRR: 16.2%
• Equity multiple: 2.32×
• Total profit: $35,120
• Equity at exit: $8,214

Cash invested: $26,600 (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 13073

• Home prices YoY: -17.8%
• Active inventory: 36
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,277 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $352

Break-even live

Break-even rent $831

Max offer price $95,000

Occupancy floor 67%

Sensitivity live

Price	-10% $418	-5% $385	+0% $352	+5% $319	+10% $287
Rent	-10% $251	-5% $302	+0% $352	+5% $403	+10% $453
Rate	-1.0pp $400	-0.5pp $376	base $352	+0.5pp $328	+1.0pp $303

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-13
   status Pending 1372-char remark

   Show marketing remark (1372 chars)

   Set in the heart of the Village of Groton, this 3-bedroom, 1-bath home offers a solid starting point with room to make it your own. The classic two-story layout features defined living and dining spaces, original woodwork details, and hardwood floors in select rooms, bringing a sense of character right away. The kitchen has a functional layout with plenty of cabinet space and is ready for thoughtful updates over time. Upstairs, you’ll find three bedrooms and a full bath with a simple, practical flow that works as-is, with flexibility to evolve as your needs or style change. The lot is intentionally manageable, smaller than a typical quarter-acre, giving you outdoor space to enjoy without the extra upkeep. Living in the Village of Groton means having day-to-day conveniences close by, along with local shops, dining, and community amenities, all while keeping that small-town feel. You’re also just a short drive from Fillmore Glen State Park, Buttermilk Falls State Park, and Taughannock Falls State Park, so getting outside and enjoying the Finger Lakes is easy. A detached garage adds useful storage or space for projects, and the location strikes a nice balance between convenience and a quieter neighborhood setting. This is a home you can grow into, build equity in, and make your own over time. Straightforward, flexible, and full of potential.

2. 2026-05-07
   historical Active Under Contract 1372-char remark

   Show marketing remark (1372 chars)

   Set in the heart of the Village of Groton, this 3-bedroom, 1-bath home offers a solid starting point with room to make it your own. The classic two-story layout features defined living and dining spaces, original woodwork details, and hardwood floors in select rooms, bringing a sense of character right away. The kitchen has a functional layout with plenty of cabinet space and is ready for thoughtful updates over time. Upstairs, you’ll find three bedrooms and a full bath with a simple, practical flow that works as-is, with flexibility to evolve as your needs or style change. The lot is intentionally manageable, smaller than a typical quarter-acre, giving you outdoor space to enjoy without the extra upkeep. Living in the Village of Groton means having day-to-day conveniences close by, along with local shops, dining, and community amenities, all while keeping that small-town feel. You’re also just a short drive from Fillmore Glen State Park, Buttermilk Falls State Park, and Taughannock Falls State Park, so getting outside and enjoying the Finger Lakes is easy. A detached garage adds useful storage or space for projects, and the location strikes a nice balance between convenience and a quieter neighborhood setting. This is a home you can grow into, build equity in, and make your own over time. Straightforward, flexible, and full of potential.

3. 2026-04-28
   price $95,000 1372-char remark

   Show marketing remark (1372 chars)

   Set in the heart of the Village of Groton, this 3-bedroom, 1-bath home offers a solid starting point with room to make it your own. The classic two-story layout features defined living and dining spaces, original woodwork details, and hardwood floors in select rooms, bringing a sense of character right away. The kitchen has a functional layout with plenty of cabinet space and is ready for thoughtful updates over time. Upstairs, you’ll find three bedrooms and a full bath with a simple, practical flow that works as-is, with flexibility to evolve as your needs or style change. The lot is intentionally manageable, smaller than a typical quarter-acre, giving you outdoor space to enjoy without the extra upkeep. Living in the Village of Groton means having day-to-day conveniences close by, along with local shops, dining, and community amenities, all while keeping that small-town feel. You’re also just a short drive from Fillmore Glen State Park, Buttermilk Falls State Park, and Taughannock Falls State Park, so getting outside and enjoying the Finger Lakes is easy. A detached garage adds useful storage or space for projects, and the location strikes a nice balance between convenience and a quieter neighborhood setting. This is a home you can grow into, build equity in, and make your own over time. Straightforward, flexible, and full of potential.

4. 2026-04-17
   listed $109,500 Active 1372-char remark

   Show marketing remark (1372 chars)

   Set in the heart of the Village of Groton, this 3-bedroom, 1-bath home offers a solid starting point with room to make it your own. The classic two-story layout features defined living and dining spaces, original woodwork details, and hardwood floors in select rooms, bringing a sense of character right away. The kitchen has a functional layout with plenty of cabinet space and is ready for thoughtful updates over time. Upstairs, you’ll find three bedrooms and a full bath with a simple, practical flow that works as-is, with flexibility to evolve as your needs or style change. The lot is intentionally manageable, smaller than a typical quarter-acre, giving you outdoor space to enjoy without the extra upkeep. Living in the Village of Groton means having day-to-day conveniences close by, along with local shops, dining, and community amenities, all while keeping that small-town feel. You’re also just a short drive from Fillmore Glen State Park, Buttermilk Falls State Park, and Taughannock Falls State Park, so getting outside and enjoying the Finger Lakes is easy. A detached garage adds useful storage or space for projects, and the location strikes a nice balance between convenience and a quieter neighborhood setting. This is a home you can grow into, build equity in, and make your own over time. Straightforward, flexible, and full of potential.

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 15 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: $15,324
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$475
• − Repairs & maintenance: −$1,226
• − Management: −$1,226
• − Depreciation: −$2,764
• Taxable income: $2,887
• Est. tax owed @ 24.0%: −$693
• After-tax cash flow: $3,535/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: Groton Central School District
• NCES district ID: 3613020
• Math proficiency: 53% ▲ 11.00%
• Reading proficiency: 46% ▲ 10.00%
• Median HH income: $54,573
• Composite: 42.84/100
• National rank: #3133
• State rank: #381 of 590 in NY

Livability — Groton

• Score: 71/100
• State rank: #418
• US rank: #7246

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Groton, NY
• Population (ZIP): 6,246

Population outlook (Tompkins County) Hauer SSP2

• Today (2025): 113,958 people
• By 2030: 118,774 · +4.2%
• By 2040: 125,927 · +10.5%
• By 2050: 133,599 · +17.2%
• By 2075: 156,759 · +37.6%
• By 2100: 169,896 · +49.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 9% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 2%
• Foreign-born: 4% · Canada, South Korea, Vietnam
• Languages at home: 94% English-only · Spanish 2% Arabic 2% Korean 1%

Political lean MEDSL · Tompkins

• 2024 margin: Solid D (+50.6) · D 75.3% · R 24.7%
• 2008→2024 swing: +8.6pp toward D · 2008: 42.1pp · 2024: 50.6pp
• All cycles: 2024: D+50.6 2020: D+49.2 2016: D+42.1 2012: D+39.8 2008: D+42.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.49%
• Current HPI: 191.5334
• 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

-13.2% since first listed

4 events — show timeline

• 2026-05-13 Pending — CNYIS
• 2026-05-07 Contingent — CNYIS
• 2026-04-28 Price Changed $95,000 CNYIS
• 2026-04-17 Listed $109,500 CNYIS

Property tax history

+10.4%/yr

Latest (2025): $5,117 · +4.3% YoY. Source: county tax records.