121 Taylor Ave · Endicott, NY 13760

$199,000

6 bd · 2.0 ba · 2,184 sqft · MultiFamily public records · 6 Days on market

Built 1965 5,150 sqft lot $91/sqft · 33% below area Est $296k · 33% under

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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 +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• Rent growth +4.3/5.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• 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

Two family - Long term tenant on 1st floor. Units are in good shape. Hardwood floors. spacious rooms. Garages underneath. Laundry hook ups in basement. 2 New electric services in 2017. Roof new 2017. All appliances remain(not washers and dryers). Month to month tenancy.

Key facts

• 5,150 sq ft lot
• 2 garage spots
• Built 1965

Property features AI

Finance

• Financial info: Two income units: one currently rented at $900, the other at $800

Exterior

• Parking: Attached garage; Basement access to parking; 2 garage spaces
• Utilities: Public water; Public sewer; Cable available
• Home design: Duplex (residential income); Above-grade finished living area
• Construction: Aluminum siding
• Exterior features: Covered porch; Level lot

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Two 3-bedroom units
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: Two full bathrooms (one in each unit)
• Heating & cooling: Forced air heating; Ceiling fans
• Interior features: Gas water heater; Range; Refrigerator
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup

🏷️ Possibly a rental listed for sale. The $199,000 price doesn't fit this home's estimated sale value (~$296,136) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $199k.

Deal economics

• At list price, monthly cash flow is $704 ($8k/yr) — positive. Per door: $352/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Cap rate 10.5% vs local median 5.5% in Endicott — 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 70/100 on livability (#438 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D, crime F, commute F.
• Union-Endicott Central School District (suburban): math 43% / reading 57% proficiency, ranked #387 of 590 in NY (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Charles F Johnson Jr Elementary School (math 17% / reading 27%, grade F, #1,923 of 2,108 statewide, top 92%, 387 students, 66% FRL); Jennie F Snapp Middle School (math 31% / reading 51%, grade F, #402 of 729 statewide, top 56%, 822 students, 65% FRL); Union-Endicott High School (math 91% / reading 90%, grade A+, #231 of 1,100 statewide, top 21%, 999 students, 41% FRL) — zoned schools average 57% FRL vs 42% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.1%/yr); 213 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 340 units permitted in Broome County in 2024 (269 in 5+ unit buildings).
• At $2,846/mo this rent would consume 52% of the median local household income ($66k/yr) (locally 1480% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Broome County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.1% rent growth), your $56k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y 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 $104k; list at $199k implies a 91% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price.

Recommended offer $199,000

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 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
8. 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.
9. 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.
10. 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: 1.43% ✓
• Cap rate: 10.54%
• Cash-on-cash: 15.15%
• DSCR: 1.67
• GRM: 5.8

CMA / ARV

• ARV (median comp): $296,136
• List price: $199,000
• Delta: -32.80%
• 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
127 Pierce Ave	0.05mi	6/2.0	2,244 (+3%)	10mo	$275,000	$123	85
213 Wilson Ave	0.12mi	5/2.0 (-1)	2,000 (-8%)	1mo	$250,000	$125	75
2400 North St	0.35mi	6/2.0	2,000 (-8%)	2mo	$211,000	$106	68
317 N Jackson Ave	0.26mi	5/3.0 (-1)	2,100 (-4%)	13mo	$162,000	$77	62
127 Hayes Ave	0.10mi	5/2.0 (-1)	2,335 (+7%)	23mo	$212,000	$91	60
18 Arthur Ave	0.48mi	6/2.0	2,056 (-6%)	22mo	$210,000	$102	49
320 Odell Ave	0.60mi	5/2.0 (-1)	2,166 (-1%)	21mo	$172,000	$79	48
321 Odell Ave	0.63mi	6/3.0	2,370 (+8%)	6mo	$170,000	$72	47
313 Odell Ave	0.62mi	6/2.0	2,112 (-3%)	23mo	$99,000	$47	46
1800 Witherill St	0.24mi	5/3.0 (-1)	2,436 (+12%)	19mo	$144,000	$59	45
311 Oak Hl	0.67mi	5/4.0 (-1)	2,240 (+3%)	14mo	$175,000	$78	40
314 Rogers Ave N	0.44mi	5/3.0 (-1)	2,464 (+13%)	21mo	$165,000	$67	31

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 · 7.09% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.45×
• Total profit: $24,907
• Equity at exit: $29,672

10-year hold

• IRR: 23.1%
• Equity multiple: 3.41×
• Total profit: $134,433
• Equity at exit: $17,206

Cash invested: $55,720 (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 13760

• Home prices YoY: -32.7%
• Rents YoY: 7.1%
• Active inventory: 213
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,846 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$418 /mo · $5,019/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$598
• Net cashflow: $704

Break-even live

Break-even rent $1,955

Max offer price $199,000

Occupancy floor 70%

Sensitivity live

Price	-10% $816	-5% $760	+0% $704	+5% $647	+10% $591
Rent	-10% $479	-5% $591	+0% $704	+5% $816	+10% $928
Rate	-1.0pp $804	-0.5pp $754	base $704	+0.5pp $652	+1.0pp $600

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,846
Total (2 units)			$2,846

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
409 Milan Ave Endicott, NY	5.0	2.0	2240	$2,350	$1.05	45d	1	0.82mi

Listing history 6 events

1. 2026-05-11
   status Pending 784-char remark
2. 2026-05-05
   listed $199,000 Active 784-char remark
3. 2021-02-10
   soldstatus $104,000
4. 2021-02-05
   soldstatus $104,000

   Show marketing remark (271 chars)

   Two family - Long term tenant on 1st floor. Units are in good shape. Hardwood floors. spacious rooms. Garages underneath. Laundry hook ups in basement. 2 New electric services in 2017. Roof new 2017. All appliances remain(not washers and dryers). Month to month tenancy.

5. 2020-02-12
   listed $114,000

   Show marketing remark (271 chars)

   Two family - Long term tenant on 1st floor. Units are in good shape. Hardwood floors. spacious rooms. Garages underneath. Laundry hook ups in basement. 2 New electric services in 2017. Roof new 2017. All appliances remain(not washers and dryers). Month to month tenancy.

6. 2019-01-14
   listed $114,900

ⓘ 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: $5,019 · $418/mo
• Projected year-2 tax: $5,019 · $418/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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 16 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: $34,152
• − Mortgage interest: −$11,147
• − Property taxes: −$5,019
• − Insurance: −$995
• − Repairs & maintenance: −$2,732
• − Management: −$2,732
• − Depreciation: −$5,789
• Taxable income: $5,738
• Est. tax owed @ 24.0%: −$1,377
• After-tax cash flow: $7,066/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: Union-Endicott Central School District
• NCES district ID: 3610710
• Math proficiency: 43% ▼ -9.00%
• Reading proficiency: 57% ▲ 11.00%
• Median HH income: $49,265
• Composite: 42.66/100
• National rank: #3176
• State rank: #387 of 590 in NY

Livability — Endicott

• Score: 70/100
• State rank: #438
• US rank: #7657

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Endicott, NY
• County: Broome County · 126,805 people
• City population: 42,896
• Metro: Binghamton, NY
• Population (ZIP): 42,896
• Household income: $66,095
• Rent vs Own: 35.0% rent · 65.0% own
• Severe rent burden: 1480.0

Population outlook (Broome County) Hauer SSP2

• Today (2025): 187,989 people
• By 2030: 183,066 · -2.6%
• By 2040: 172,228 · -8.4%
• By 2050: 163,161 · -13.2%
• By 2075: 153,641 · -18.3%
• By 2100: 140,851 · -25.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 7% Hispanic / Latino 6% Black 4% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Broome

• 2024 margin: Toss-up / Even · D 50.2% · R 49.8%
• 2008→2024 swing: -7.6pp toward R · 2008: 8.0pp · 2024: 0.4pp
• All cycles: 2024: D+0.4 2020: D+3.5 2016: R+3.7 2012: D+4.6 2008: D+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.29%
• Current HPI: 270.2661
• Rent YoY: ▲ 7.09%
• Metro: Binghamton, 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

+73.2% since first listed

6 events — show timeline

• 2026-05-11 Pending — GBAOR
• 2026-05-05 Listed $199,000 GBAOR
• 2021-02-10 Sold (Public Records) $104,000 Public Records
• 2021-02-05 Sold (MLS) $104,000 GBAOR
• 2020-02-12 Listed $114,000 GBAOR
• 2019-01-14 Listed $114,900 GBAOR

Property tax history

+1.8%/yr

Latest (2025): $5,019 · +3.4% YoY. Source: county tax records.