180 Lakeside Trl · Ridge, NY 11961

$495,000

3 bd · 1.0 ba · 996 sqft · SingleFamily public records · 27 Days on market

Built 1950 6,970 sqft lot Est $467k · 6% over $17/mo HOA

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.2/10.0
• ARV discount +4.8/15.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

Key facts

• 6,970 sq ft lot
• 4 parking spots
• Built 1950

Property features AI

Finance

• Other: Property condition: Actual
• HOA & community: Association: Lake Panamoka; Annual association fee of $200; Community amenities include clubhouse and park

Exterior

• Parking: Private off-street parking; Driveway; Total of 4 parking spaces
• Utilities: Electric service by PSEG; Water connected; Cesspool sewer; Cable available; Phone available; Trash collection (public)
• Home design: Single-family residence; One story; Measured living area
• Construction: Frame construction with vinyl siding; Block foundation; Full attic with pull-down stairs; Crawl space basement
• Exterior features: Exterior lighting; Mailbox; Rain gutters; Back yard; Cleared lot; Shed(s)

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: One-level home (bedrooms on main level)
• Flooring: Wood flooring; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; First-floor full bathroom; Ceiling fans; Eat-in kitchen; Washer/dryer hookup; Deck; Porch
• Laundry & utility: Washer; Dryer; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $495k.

Deal economics

• At list price, monthly cash flow is $5k ($63k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($11k rent vs $495k).
• Recommended offer: $488k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.0% vs local median 3.0% in Ridge — 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 61/100 on livability (#932 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Longwood Central School District (rural): math 61% / reading 55% proficiency, ranked #235 of 590 in NY (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ridge Elementary School (math 42% / reading 57%, grade D, #1,085 of 2,108 statewide, top 56%, 719 students, 44% FRL); Longwood Junior High School (math 67% / reading 67%, grade A-, #101 of 729 statewide, top 15%, 1,388 students, 48% FRL); Longwood High School (math 90% / reading 77%, grade A, #409 of 1,100 statewide, top 39%, 2,977 students, 44% FRL).
• Market conditions: 136 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $139k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($488k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $425k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $487,575 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.18% ✓
• Cap rate: 19.01%
• Cash-on-cash: 45.43%
• DSCR: 3.02
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $467,124
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
180 Lakeside Trl	0.00mi	3/1.0	1,040 (+4%)	0mo	$487,500	$469	92
230 Lakeside Trl	0.24mi	2/1.0 (-1)	912 (-8%)	3mo	$397,500	$436	67
9 Forest Trl	0.30mi	2/1.5 (-1)	967 (-3%)	15mo	$470,000	$486	62
11 Seneca Trl	0.45mi	3/1.0	1,092 (+10%)	3mo	$520,000	$476	60
19 Cheemaun Trl	0.29mi	3/1.0	1,041 (+4%)	24mo	$445,000	$427	59
50 Corchaug Trl	0.61mi	2/1.0 (-1)	1,000 (+0%)	12mo	$397,000	$397	56
128 Lakeside Trl	0.31mi	2/1.0 (-1)	876 (-12%)	6mo	$465,000	$531	56
217 Lakeside Trl	0.18mi	2/1.0 (-1)	864 (-13%)	13mo	$428,000	$495	54
2 Cheemaun Trl	0.21mi	3/2.0	1,126 (+13%)	14mo	$570,000	$506	53
5 Sunset Trl	0.38mi	3/2.0	1,100 (+10%)	11mo	$502,000	$456	51
79 Panamoka Trl	0.71mi	3/1.0	1,053 (+6%)	12mo	$365,000	$347	48
65 Corchaug Trl	0.66mi	2/1.5 (-1)	1,096 (+10%)	15mo	$420,000	$383	33

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: 42.6%
• Equity multiple: 2.83×
• Total profit: $254,056
• Equity at exit: $73,806

10-year hold

• IRR: 48.7%
• Equity multiple: 5.70×
• Total profit: $651,889
• Equity at exit: $42,799

Cash invested: $138,600 (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 11961

• Home prices YoY: -17.8%
• Active inventory: 136
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $10,813 medium
• Mortgage (P&I): −$2,596
• Tax from tax record: −$476 /mo · $5,715/yr
• Insurance: −$206
• HOA: −$17
• Vacancy / Maint / Mgmt: −$2,271
• Net cashflow: $5,247

Break-even live

Break-even rent $4,171

Max offer price $495,000

Occupancy floor 46%

Sensitivity live

Price	-10% $5,527	-5% $5,387	+0% $5,247	+5% $5,107	+10% $4,967
Rent	-10% $4,393	-5% $4,820	+0% $5,247	+5% $5,674	+10% $6,101
Rate	-1.0pp $5,496	-0.5pp $5,373	base $5,247	+0.5pp $5,119	+1.0pp $4,988

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: $123,750
• Closing costs: $14,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
187 Lakeside Trl Unit 1429738P Ridge, NY	3.0	2.5	861	$10,813	$12.56	46d	1	0.07mi

HOA detail

• Monthly dues: $17 · $204/yr
• Likely covers: watergas

Listing history 12 events

1. 2026-04-16
   status Pending
2. 2026-03-21
   listed $495,000 Active
3. 2026-03-16
   historical $495,000
4. 2026-02-13
   soldstatus $425,000 Closed 1119-char remark

   Show marketing remark (1119 chars)

   One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

5. 2026-01-17
   status Pending 1119-char remark

   Show marketing remark (1119 chars)

   One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

6. 2025-12-03
   price $479,000 1119-char remark

   Show marketing remark (1119 chars)

   One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

7. 2025-11-20
   listed $499,900 Active 1119-char remark

   Show marketing remark (1119 chars)

   One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

8. 2025-11-17
   historical $499,900 1119-char remark

   Show marketing remark (1119 chars)

   One of a kind lovely rustic 3 bedroom,1 full bath ranch in the desirable private Lake Panamoka Community. LOWEST PROPERTY TAXES IN THE AREA!! Park in the circular driveway with Belgium block trim. The home has a water view of the lake and easy access to the lake to bathe, fish or kayak. The private backyard backs to the Brookhaven Natural Preserve. The home features a lovely EIK, with granite countertops and terracotta backsplash. All newer appliances too. Great Room features natural wood floors and a wood burning fireplace. 3 nice size bedrooms, 1 large full bathroom with new walk in shower, Some of the features include- new Pella back door, trex front and back decks, gas stove, Bosch DW, newer LG washer/dryer, new 10' x 12' Kaufold shed, fenced property, newer King Quality installed siding and roof, 200 amp service, new above ground oil tank on a slab, pull down attic with stairs and extra insulation. Leaving closets in master bedroom, $250 per year to use all facilities, including lake with lifeguards, pickleball courts, kayaking, fishing and more. Very low taxes too. This won't last, call today.

9. 2010-07-15
   soldstatus $255,500
10. 2006-07-31
    soldstatus $273,000
11. 1987-09-15
    soldstatus $92,500
12. 1985-09-10
    soldstatus $73,000

ⓘ 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: $5,715 · $476/mo
• Projected year-2 tax: $7,040 · $587/mo
• Expected delta: +$1,325/yr (+$110/mo · 23.2%)

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

Taxation est. · year 1

• Rental income: $129,756
• − Mortgage interest: −$27,728
• − Property taxes: −$5,715
• − Insurance: −$2,475
• − Repairs & maintenance: −$10,380
• − Management: −$10,380
• − HOA: −$204
• − Depreciation: −$14,400
• Taxable income: $58,474
• Est. tax owed @ 24.0%: −$14,034
• After-tax cash flow: $48,930/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: Longwood Central School District
• NCES district ID: 3619230
• Math proficiency: 61% ▬ 0.00%
• Reading proficiency: 55% ▼ -1.00%
• Median HH income: $72,748
• Composite: 51.63/100
• National rank: #1703
• State rank: #235 of 590 in NY

Livability — Ridge

• Score: 61/100
• State rank: #932
• US rank: #18125

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridge, NY
• City population: 12,436
• Population (ZIP): 12,436

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Black 4% Two or more races 2% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Hispanic 3% Lithuanian 2%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 3% Other Indo-European 2% French/Haitian/Cajun 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.86%
• Current HPI: 383.4444
• 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

+578.1% since first listed

12 events — show timeline

• 2026-04-16 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-21 Listed $495,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Coming Soon $495,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-13 Sold (MLS) $425,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-17 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-12-03 Price Changed $479,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-20 Listed $499,900 OneKey® MLS as Distributed by MLS Grid
• 2025-11-17 Coming Soon $499,900 OneKey® MLS as Distributed by MLS Grid
• 2010-07-15 Sold (Public Records) $255,500 Public Records
• 2006-07-31 Sold (Public Records) $273,000 Public Records
• 1987-09-15 Sold (Public Records) $92,500 Public Records
• 1985-09-10 Sold (Public Records) $73,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $5,715 · +0.0% YoY. Source: county tax records.