43 Lafayette Dr · New Windsor, NY 12553

$225,000

2 bd · 1.0 ba · 715 sqft · Townhouse public records · 22 Days on market

Built 1954 5,494 sqft lot $315/sqft · 38% below area Est $363k · 38% under

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Why this score? — see what drove the C- 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 +15.8/30.0
• ARV discount +15.0/15.0
• Schools +6.1/10.0
• DSCR +4.9/10.0
• 1% rule +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

Key facts

• Convenient location
• 5,494 sq ft lot
• Built 1954

Tags

• CONVENIENT LOCATION
• SCENIC HUDSON RIVER VIEWS

Property features AI

Exterior

• Parking: Driveway; No carport
• Utilities: Public sewer; Electricity connected; Natural gas connected; Public trash collection
• Home design: Single family residence
• Construction: Wood siding construction
• Exterior features: Wood siding; Not waterfront

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; No central cooling
• Interior features: First-floor bedroom; First-floor full bathroom; Scuttle attic access; No basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $225k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (6.2% below list).
• Recommended offer: $211k (6.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.8% in New Windsor — 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 68/100 on livability (#529 in NY) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A, employment B+; Watch: crime C-, cost of living D+, amenities F.
• Cornwall Central School District (suburban): math 66% / reading 69% proficiency, ranked #133 of 590 in NY (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Cornwall-On-Hudson Elementary School (math 67% / reading 77%, grade A-, #378 of 2,108 statewide, top 20%, 242 students, 15% FRL); Cornwall Middle School (math 52% / reading 62%, grade B, #192 of 729 statewide, top 28%, 895 students, 22% FRL); Cornwall Central High School (math 96% / reading 90%, grade A+, #147 of 1,100 statewide, top 14%, 1,027 students, 20% FRL).
• Market conditions: 169 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,746 units permitted in Orange County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 27y 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 $188k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,128 (6.2% below list)

Questions for the listing agent

1. Built in 1954 — 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. 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.
4. 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.
5. 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: 0.94% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.97%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (median comp): $362,512
• List price: $225,000
• Delta: -26.93%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -13.1%
• Equity multiple: 0.53×
• Total profit: $-29,828
• Equity at exit: $33,548

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-17,331
• Equity at exit: $19,454

Cash invested: $63,000 (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 12553

• Home prices YoY: -31.7%
• Active inventory: 169
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,111 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$291 /mo · $3,489/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $104

Break-even live

Break-even rent $1,980

Max offer price $225,000

Occupancy floor 90%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
247 Hudson St Apt 1 Cornwall-On-Hudson, NY	1.0	1.0	650	$1,650	$2.54	43d	1	1.48mi

Listing history 36 events

1. 2026-06-18
   days on market $225,000 Active 22 DOM
2. 2026-06-17
   days on market $225,000 Active 21 DOM
3. 2026-06-16
   days on market $225,000 Active 20 DOM
4. 2026-06-15
   days on market $225,000 Active 19 DOM
5. 2026-06-14
   days on market $225,000 Active 17 DOM
6. 2026-06-10
   days on market $225,000 Active 14 DOM
7. 2026-06-09
   days on market $225,000 Active 13 DOM
8. 2026-06-08
   days on market $225,000 Active 12 DOM
9. 2026-06-07
   days on market $225,000 Active 11 DOM
10. 2026-06-03
    days on market $225,000 Active 7 DOM
11. 2026-06-02
    days on market $225,000 Active 6 DOM
12. 2026-06-01
    days on market $225,000 Active 5 DOM
13. 2026-05-31
    days on market $225,000 Active 4 DOM
14. 2026-05-30
    days on market $225,000 Active 3 DOM
15. 2026-05-06
    price $264,900 393-char remark
16. 2026-04-10
    listed $274,900 Active 393-char remark
17. 2026-04-06
    historical $274,900 393-char remark
18. 2023-02-01
    soldstatus $187,500
19. 2023-01-17
    soldstatus $186,500 Closed 1033-char remark

    Show marketing remark (1033 chars)

    Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

20. 2022-12-01
    status Pending 1033-char remark

    Show marketing remark (1033 chars)

    Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

21. 2022-11-05
    price $175,000 1033-char remark

    Show marketing remark (1033 chars)

    Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

22. 2022-10-30
    price $199,500 1033-char remark

    Show marketing remark (1033 chars)

    Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

23. 2022-10-21
    listed $225,000 Active 1033-char remark

    Show marketing remark (1033 chars)

    Why Rent when you can BUY for LESS! Perfect Investment for Rental Income, Starter Home or Downsizing. Price Improved for Fast Sale! Located within Award Winning Cornwall Central School District Ranch with ridiculously low taxes! This 2 bedroom 1 full bath ranch on a dead end street with private driveway with ample parking overlooks the Hudson River, Parks, and Mountain Views. The entire home has been freshly painted, brand new carpeting in bedrooms, new flooring in bathroom with stall shower and brand new toilet, spacious eat in kitchen with new never been used stove/range and refrigerator. Private back yard with massive storage shed. Turn Key! Just minutes to Plum Point Kowawese park and playgrounds, 9W, shopping, gyms, schools and restaurants and tucked away in its little private location within a neighborhood. . Natural Gas, Municipal Water and Septic. House is a single family home attached. One other house attached with cement adjoining wall. Nothing shared. Additional Information: Amenities:Stall Shower,Storage,

24. 2014-10-29
    historical Withdrawn
25. 2014-10-29
    historical
26. 2014-10-16
    price
27. 2014-09-19
    listed Active
28. 2014-09-18
    listed $118,000
29. 2013-12-18
    price $76,900
30. 2001-05-03
    soldstatus $78,600
31. 2001-03-16
    historical
32. 2000-08-04
    listed $78,600
33. 2000-02-18
    soldstatus $7,500
34. 2000-02-07
    historical
35. 2000-02-07
    price $15,000
36. 1999-10-01
    listed $7,500

ⓘ 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: $3,489 · $291/mo
• Projected year-2 tax: $3,646 · $304/mo
• Expected delta: +$157/yr (+$13/mo · 4.5%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,335
• − Mortgage interest: −$12,603
• − Property taxes: −$3,489
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,027
• − Management: −$2,027
• − Depreciation: −$6,545
• Taxable loss: −$2,481
• Est. tax savings @ 24.0%: +$595
• After-tax cash flow: $1,838/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: Cornwall Central School District
• NCES district ID: 3608430
• Math proficiency: 66% ▼ -11.00%
• Reading proficiency: 69% ▼ -5.00%
• Median HH income: $88,331
• Composite: 60.96/100
• National rank: #805
• State rank: #133 of 590 in NY

Livability — New Windsor

• Score: 68/100
• State rank: #529
• US rank: #9423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Windsor, NY
• County: Orange County · 267,004 people
• City population: 27,384
• Metro: Poughkeepsie-Newburgh-Middletown, NY
• Population (ZIP): 27,384
• Household income: $92,757
• Rent vs Own: 28.1% rent · 71.9% own
• Severe rent burden: 960.0

Population outlook (Orange County) Hauer SSP2

• Today (2025): 379,830 people
• By 2030: 378,955 · -0.2%
• By 2040: 375,444 · -1.2%
• By 2050: 369,311 · -2.8%
• By 2075: 354,233 · -6.7%
• By 2100: 318,150 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Hispanic / Latino 27% Black 13% Two or more races 9% Asian 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 14% Dominican 5%
• Common ancestry: Romanian 3% Slovak 2% Portuguese 1%
• Foreign-born: 14% · Canada, China, Vietnam
• Languages at home: 76% English-only · Spanish 16% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Orange

• 2024 margin: Lean R (+8.4) · D 45.8% · R 54.2%
• 2008→2024 swing: -12.5pp toward R · 2008: 4.1pp · 2024: -8.4pp
• All cycles: 2024: R+8.4 2020: R+0.2 2016: R+6.5 2012: D+5.2 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -145.96%
• Current HPI: 314.8506
• Rent YoY: —
• Metro: Poughkeepsie-Newburgh-Middletown, 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

+2900.0% since first listed

24 events — show timeline

• 2026-05-27 Listed $225,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-26 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-05-06 Price Changed $264,900 OneKey® MLS as Distributed by MLS Grid
• 2026-04-10 Listed $274,900 OneKey® MLS as Distributed by MLS Grid
• 2026-04-06 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2023-02-01 Sold (Public Records) $187,500 Public Records
• 2023-01-17 Sold (MLS) $186,500 OneKey® MLS as Distributed by MLS Grid
• 2022-12-01 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-11-05 Price Changed $175,000 OneKey® MLS as Distributed by MLS Grid
• 2022-10-30 Price Changed $199,500 OneKey® MLS as Distributed by MLS Grid
• 2022-10-21 Listed $225,000 OneKey® MLS as Distributed by MLS Grid
• 2014-10-29 Delisted — HGMLS
• 2014-10-29 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-10-16 Price Changed — HGMLS
• 2014-09-19 Listed — HGMLS
• 2014-09-18 Listed $118,000 OneKey® MLS as Distributed by MLS Grid
• 2013-12-18 Price Changed $76,900 HGMLS
• 2001-05-03 Sold (MLS) $78,600 HGMLS
• 2001-03-16 Delisted — HGMLS
• 2000-08-04 Listed $78,600 HGMLS
• 2000-02-18 Sold (MLS) $7,500 HGMLS
• 2000-02-07 Delisted — HGMLS
• 2000-02-07 Price Changed $15,000 HGMLS
• 1999-10-01 Listed $7,500 HGMLS

Property tax history

+2.2%/yr

Latest (2025): $3,489 · +9.5% YoY. Source: county tax records.