72 Duane St · Malone, NY 12953

$60,000

3 bd · 1.0 ba · 1,327 sqft · SingleFamily public records · 366 Days on market

Built 1850 5,227 sqft lot $45/sqft · 44% below area Est $107k · 44% under

---

Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Investor's and home buyers dream come true in charming downtown Malone! Discover a rare opportunity at 72 Duane Street—a single-family property offering exceptional potential right in the heart of Malone. Nestled conveniently between the vibrant downtown and an array of local amenities, this home is perfectly poised for both enjoyment and investment. Spanning just under 1,400 square feet, this 3-bedroom, 1-bathroom abode invites you to envision a myriad of possibilities. Whether you've got a vision for a comfortable family home or see an ideal fix-and-flip project, the foundational elements are all here, awaiting your creative touch to transform them into something truly special. Location is key, and this property does not disappoint! You'll be within a pleasant stroll of Malone's bustling downtown, with its eclectic mix of shops and eateries. For the outdoor enthusiast, a short walk brings you to Malone Rec Park and Tennis Courts, providing ample recreational options. Venture a bit further, and explore the exhilarating Titus Family Ski Mountain. With fishing, hiking, and skiing all within easy reach making surrounds easily accessible. Ready to capitalize on this prime opportunity in Malone? Call today to schedule a viewing and take the first step toward seizing this outstanding real estate opportunity. Let your investment and home buying journey begin here—a promising venture awaits at 72 Duane Street!

Key facts

• Heart of malone
• Vibrant downtown
• Tennis courts

Tags

• CHARMING DOWNTOWN MALONE
• HEART OF MALONE
• VIBRANT DOWNTOWN
• LOCAL AMENITIES
• MALONE REC PARK
• TENNIS COURTS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 5.3% in Malone — 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 (#437 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D+, crime D-.
• Malone Central School District (town): math 27% / reading 29% proficiency, ranked #581 of 590 in NY (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 113 active listings in the ZIP; 124 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($415 loan paydown + $6k appreciation (10.0% local appreciation)).
• Franklin County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 366 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1850 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 366 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1850 — 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. Crime grade is D 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 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: 1.77% ✓
• Cap rate: 13.42%
• Cash-on-cash: 25.45%
• DSCR: 2.13
• GRM: 4.7

CMA / ARV

• ARV (median comp): $106,743
• List price: $60,000
• Delta: -43.79%
• 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
4 Scott Dr	0.37mi	3/1.0	1,232 (-7%)	3mo	$161,000	$131	68
117 Duane Street St	0.13mi	3/1.0	1,158 (-13%)	12mo	$82,000	$71	63
18 Willson St	0.24mi	4/2.0 (+1)	1,428 (+8%)	6mo	$170,000	$119	62
48 Frankln St	0.34mi	2/1.0 (-1)	1,200 (-10%)	2mo	$97,850	$82	61
28 Branch St St	0.29mi	2/1.5 (-1)	1,196 (-10%)	5mo	$18,000	$15	58
14 South St	0.28mi	3/1.0	1,133 (-15%)	6mo	$91,000	$80	57
47 Edward St	0.70mi	4/2.0 (+1)	1,312 (-1%)	3mo	$120,000	$91	54
27 Front st St	0.37mi	3/2.0	1,208 (-9%)	12mo	$38,000	$31	54
45 Edward St	0.69mi	4/1.0 (+1)	1,248 (-6%)	1mo	$115,000	$92	52
6 Woodward St St	0.53mi	3/1.5	1,160 (-13%)	3mo	$130,000	$112	50
12 Spaulding Ave. Ave	0.50mi	3/1.5	1,156 (-13%)	5mo	$69,500	$60	48
8 Spaulding Ave Ave	0.49mi	4/1.0 (+1)	1,490 (+12%)	6mo	$67,000	$45	46

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.5%
• Equity multiple: 4.30×
• Total profit: $55,433
• Equity at exit: $54,053

10-year hold

• IRR: 37.6%
• Equity multiple: 9.66×
• Total profit: $145,508
• Equity at exit: $116,567

Cash invested: $16,800 (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 12953

• Home prices YoY: 7.2%
• Active inventory: 113
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,064 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$144 /mo · $1,731/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $356

Break-even live

Break-even rent $613

Max offer price $60,000

Occupancy floor 62%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-01
   days on market $60,000 Active 366 DOM
2. 2026-05-31
   days on market $60,000 Active 365 DOM
3. 2025-05-31
   listed $60,000 Active 1439-char remark

   Show marketing remark (1439 chars)

   Investor's and home buyers dream come true in charming downtown Malone! Discover a rare opportunity at 72 Duane Street—a single-family property offering exceptional potential right in the heart of Malone. Nestled conveniently between the vibrant downtown and an array of local amenities, this home is perfectly poised for both enjoyment and investment. Spanning just under 1,400 square feet, this 3-bedroom, 1-bathroom abode invites you to envision a myriad of possibilities. Whether you've got a vision for a comfortable family home or see an ideal fix-and-flip project, the foundational elements are all here, awaiting your creative touch to transform them into something truly special. Location is key, and this property does not disappoint! You'll be within a pleasant stroll of Malone's bustling downtown, with its eclectic mix of shops and eateries. For the outdoor enthusiast, a short walk brings you to Malone Rec Park and Tennis Courts, providing ample recreational options. Venture a bit further, and explore the exhilarating Titus Family Ski Mountain. With fishing, hiking, and skiing all within easy reach making surrounds easily accessible. Ready to capitalize on this prime opportunity in Malone? Call today to schedule a viewing and take the first step toward seizing this outstanding real estate opportunity. Let your investment and home buying journey begin here—a promising venture awaits at 72 Duane Street!

ⓘ 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: $1,731 · $144/mo
• Projected year-2 tax: $1,731 · $144/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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,763
• − Mortgage interest: −$3,361
• − Property taxes: −$1,731
• − Insurance: −$300
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$1,745
• Taxable income: $3,584
• Est. tax owed @ 24.0%: −$860
• After-tax cash flow: $3,416/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: Malone Central School District
• NCES district ID: 3618180
• Math proficiency: 27% ▼ -16.00%
• Reading proficiency: 29% ▼ -11.00%
• Median HH income: $46,681
• Composite: 24.23/100
• National rank: #7725
• State rank: #581 of 590 in NY

Livability — Malone

• Score: 70/100
• State rank: #437
• US rank: #7656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malone, NY
• Population (ZIP): 12,842

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 48,098 people
• By 2030: 46,790 · -2.7%
• By 2040: 44,400 · -7.7%
• By 2050: 41,256 · -14.2%
• By 2075: 32,190 · -33.1%
• By 2100: 23,407 · -51.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 9% Hispanic / Latino 6%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 16% Slovak 5% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Franklin

• 2024 margin: Lean R (+9.0) · D 45.5% · R 54.5%
• 2008→2024 swing: -31.2pp toward R · 2008: 22.2pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+2.2 2016: R+7.4 2012: D+26.3 2008: D+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 17.73%
• Current HPI: 263.2406
• 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

1 event — show timeline

• 2025-05-31 Listed $60,000 ACVMLS

Property tax history

+6.0%/yr

Latest (2025): $1,731 · -0.7% YoY. Source: county tax records.