62 Liftside Dr Unit 229/31 G Week 4 · Hunter, NY 12442

$23,000

2 bd · 2.0 ba · 1,052 sqft · Condo · 24 Days on market

Built 2005 Good condition $423/mo HOA · 38% of rent

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Why this score? — see what drove the D+ 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 +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Condition / age +3.8/5.0
• Livability +3.0/5.0
• Appreciation +2.6/10.0
• Rent growth +2.5/5.0

Listing remarks

The Beautiful Kaatskill Mountain Club, offers you affordable part time deeded ownership for thirteen weeks per year. Slopeside living with optional RCI vacation exchange. Two bedroom model with full kitchen, en suite jetted tub, lockout unit has Bed in Living Room as well as a pull out couch and coffee station. Hotel amenities. Use it and rent it when you are not to offset your expenses. Heated outdoor pool, hot tubs, spa, sauna, gym, meeting rooms, restaurant, bar, game room, owner's lounge, owner's locker room, Wi-Fi. Easy ski on ski off access and walkability to lodge and Hunter Mountain events. Hotel bar and restaurant. Extra spacious Floor plan G. With the new Vail Epic Ski Pass and al

Key facts

• Spa
• Sauna
• Hot tubs

Tags

• HEATED OUTDOOR POOL
• HOT TUBS
• SPA
• SAUNA
• GYM
• MEETING ROOMS

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: Homeowners association with monthly fee of $423.16

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: Residential condominium; Property is attached
• Construction: Frame construction; Shingle siding; Concrete perimeter foundation; Asphalt roof; Built with other materials
• Exterior features: Deck; Porch; Secluded setting; Has view; Pool house (other structure); Heated pool

Interior

• Kitchen: Appliances: Other
• Bedrooms: Total rooms: 4
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Propane heating; Other heating
• Interior features: High speed internet; Insulated windows; Gas fireplace
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $23k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $23k).
• Recommended offer: $23k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.8% vs local median 1.6% in Hunter — 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 60/100 on livability (#971 in NY) — a middle-class / working-renter tenant base. Strengths: health & safety A+; Watch: housing D+, crime F, amenities F.
• Hunter-Tannersville Central School District (rural): math 55% / reading 50% proficiency, ranked #425 of 755 in NY (top 56%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 114 active listings in the ZIP; 97 units permitted in Greene County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $159 of loan paydown is wiped out by about $690 of value loss. Plan a longer hold.
• Greene 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 $6k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($23k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 38% of rent.

Recommended offer $22,655 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 4.84% ✓
• Cap rate: 21.80%
• Cash-on-cash: 55.40%
• DSCR: 3.46
• GRM: 1.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 54.2%
• Equity multiple: 3.40×
• Total profit: $15,485
• Equity at exit: $3,429

10-year hold

• IRR: 59.5%
• Equity multiple: 7.05×
• Total profit: $38,991
• Equity at exit: $1,989

Cash invested: $6,440 (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 12442

• Home prices YoY: -1.1%
• Active inventory: 114
• Price-to-rent: 1.7×

Monthly cashflow live

• Estimated rent: $1,113 medium
• Mortgage (P&I): −$121
• Tax est. 1.5%: −$29 /mo · $345/yr
• Insurance: −$10
• HOA: −$423
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $297

Break-even live

Break-even rent $737

Max offer price $23,000

Occupancy floor 68%

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: $5,750
• Closing costs: $690
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $423 · $5,076/yr
• Likely covers: internetpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-19
   days on market $23,000 Active 24 DOM
2. 2026-06-18
   days on market $23,000 Active 23 DOM
3. 2026-06-17
   days on market $23,000 Active 22 DOM
4. 2026-06-16
   days on market $23,000 Active 21 DOM
5. 2026-06-15
   days on market $23,000 Active 20 DOM
6. 2026-06-14
   days on market $23,000 Active 18 DOM
7. 2026-06-12
   days on market $23,000 Active 17 DOM
8. 2026-06-09
   days on market $23,000 Active 14 DOM
9. 2026-06-08
   days on market $23,000 Active 13 DOM
10. 2026-06-07
    days on market $23,000 Active 12 DOM
11. 2026-06-05
    days on market $23,000 Active 9 DOM
12. 2026-06-03
    days on market $23,000 Active 8 DOM
13. 2026-06-02
    days on market $23,000 Active 7 DOM
14. 2026-06-01
    days on market $23,000 Active 6 DOM
15. 2026-05-31
    days on market $23,000 Active 5 DOM
16. 2026-05-30
    days on market $23,000 Active 4 DOM
17. 2026-05-26
    listed $23,000 Active

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 9 d/yr ≥87°F today · 21 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $13,356
• − Mortgage interest: −$1,288
• − Property taxes: −$345
• − Insurance: −$115
• − Repairs & maintenance: −$1,068
• − Management: −$1,068
• − HOA: −$5,076
• − Depreciation: −$669
• Taxable income: $3,725
• Est. tax owed @ 24.0%: −$894
• After-tax cash flow: $2,674/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.

Condition & rehab AI · 14 photos

Good 75/100 Cosmetic rehab

The property is in good condition with no major repairs needed. It has a good curb appeal and is well-maintained. The home is located in a desirable area with easy ski access and hotel amenities. The property is move-in ready and would be a great investment.

Value-add opportunities

• Resale Paint the exterior walls and siding — Painting the exterior can enhance the home's curb appeal and make it more attractive to potential buyers.
• Resale Upgrade the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers and increase its value.
• Resale Install new flooring — Installing new flooring can make the home more appealing to potential buyers and increase its value.
• Resale Upgrade the HVAC and mechanical systems — Upgrading the HVAC and mechanical systems can make the home more energy-efficient and increase its value.
• Resale Improve the landscaping and curb appeal — Improving the landscaping and curb appeal can make the home more attractive to potential buyers and increase its value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior walls and siding — Painting the exterior can enhance the home's curb appeal and make it more attractive to potential buyers. ↑
• Resale Upgrade the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers and increase its value. ↑
• Resale Install new flooring — Installing new flooring can make the home more appealing to potential buyers and increase its value. ↑
• Resale Upgrade the HVAC and mechanical systems — Upgrading the HVAC and mechanical systems can make the home more energy-efficient and increase its value. ↑
• Resale Improve the landscaping and curb appeal — Improving the landscaping and curb appeal can make the home more attractive to potential buyers and increase its value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Hunter-Tannersville Central School District
• NCES district ID: 3615060
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $43,719
• Composite: 46.19/100
• National rank: #5442
• State rank: #425 of 755 in NY

Livability — Hunter

• Score: 60/100
• State rank: #971
• US rank: #18992

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hunter, NY
• Population (ZIP): 425

Population outlook (Greene County) Hauer SSP2

• Today (2025): 44,963 people
• By 2030: 43,126 · -4.1%
• By 2040: 38,756 · -13.8%
• By 2050: 34,913 · -22.4%
• By 2075: 28,156 · -37.4%
• By 2100: 22,296 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 8% Two or more races 2% Pacific Islander 1%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 15% Scotch-Irish 8% Subsaharan African 4%
• Foreign-born: 7% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% German/W. Germanic 2%

Political lean MEDSL · Greene

• 2024 margin: R (+17.0) · D 41.5% · R 58.5%
• 2008→2024 swing: -7.1pp toward R · 2008: -9.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+15.6 2016: R+27.4 2012: R+11.1 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -4.82%
• Current HPI: 454.3942
• 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

• 2026-05-26 Listed $23,000 HVCRMLS