280 Waite Rd · Potsdam, NY 13676

$145,000

2 bd · 1.0 ba · 1,200 sqft · SingleFamily · 105 Days on market

Built 2022 Excellent condition 20 ac lot $121/sqft · 56% below area ↓ 21% since listing

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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 +14.1/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Condition / age +4.8/5.0
• DSCR +4.3/10.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

SAY GOODBYE to those high electric bills, this 2 bedroom 1 bath 1200 sq ft home is just what you need, totally off grid. Listed well below the assessment and built in 2022 this year round home is a must see. Stepping into the home the open floor plan with its 10 ft ceilings is bright and inviting. The kitchen is custom with its screen door pantry and open shelves. Off the living room the 16x40 deck overlooks the 2 acres of cleared yard, perfect for entertaining. The home is heated with 2 propane wall heaters making it cozy and efficient. The custom bathroom has a soaker tub with shower. Entering the mud room/laundry there is a door to the side yard. This off grid home has 16- 200 watt solar panels with 8 100 amp Hr Lithium batteries. There is a 10,000 watt generator for backup. Country living within 5 minutes of shopping. This home has all the conveniences without the cost. There is a second cleared lot included with this home. Call for your showing today!

Key facts

• Custom kitchen
• Open floor plan
• Cleared yard

Tags

• OPEN FLOOR PLAN
• CUSTOM KITCHEN
• SCREEN DOOR PANTRY
• 16X40 DECK
• CLEARED YARD
• PROPANE WALL HEATERS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $21 ($247/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 $129k (10.7% below list).
• Recommended offer: $129k (10.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.9% in Potsdam — 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 75/100 on livability (#249 in NY, #3,908 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, health & safety A+; Watch: crime F, commute F, employment F.
• Potsdam Central School District (town): math 53% / reading 66% proficiency, ranked #258 of 590 in NY (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 117 active listings in the ZIP; 215 units permitted in St. Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
• St. Lawrence 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 $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Recommended offer $129,444 (10.7% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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 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: 0.89% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.61%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

• ARV (median comp): $331,746
• List price: $145,000
• Delta: -56.29%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 24.7%
• Equity multiple: 2.98×
• Total profit: $80,299
• Equity at exit: $130,627

10-year hold

• IRR: 21.8%
• Equity multiple: 6.80×
• Total profit: $235,477
• Equity at exit: $281,703

Cash invested: $40,600 (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 13676

• Home prices YoY: 17.7%
• Active inventory: 117
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,294 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $21

Break-even live

Break-even rent $1,268

Max offer price $145,000

Occupancy floor 93%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $145,000 Active 105 DOM
2. 2026-06-17
   days on market $145,000 Active 104 DOM
3. 2026-06-16
   days on market $145,000 Active 103 DOM
4. 2026-06-15
   days on market $145,000 Active 102 DOM
5. 2026-06-13
   days on market $145,000 Active 100 DOM
6. 2026-06-12
   days on market $145,000 Active 99 DOM
7. 2026-06-09
   days on market $145,000 Active 96 DOM
8. 2026-06-08
   days on market $145,000 Active 95 DOM
9. 2026-06-07
   days on market $145,000 Active 94 DOM
10. 2026-06-07
    days on market $145,000 Active 93 DOM
11. 2026-06-04
    days on market $145,000 Active 90 DOM
12. 2026-06-02
    days on market $145,000 Active 89 DOM
13. 2026-06-01
    days on market $145,000 Active 88 DOM
14. 2026-05-31
    days on market $145,000 Active 87 DOM
15. 2026-04-17
    price $145,000 971-char remark

    Show marketing remark (971 chars)

    SAY GOODBYE to those high electric bills, this 2 bedroom 1 bath 1200 sq ft home is just what you need, totally off grid. Listed well below the assessment and built in 2022 this year round home is a must see. Stepping into the home the open floor plan with its 10 ft ceilings is bright and inviting. The kitchen is custom with its screen door pantry and open shelves. Off the living room the 16x40 deck overlooks the 2 acres of cleared yard, perfect for entertaining. The home is heated with 2 propane wall heaters making it cozy and efficient. The custom bathroom has a soaker tub with shower. Entering the mud room/laundry there is a door to the side yard. This off grid home has 16- 200 watt solar panels with 8 100 amp Hr Lithium batteries. There is a 10,000 watt generator for backup. Country living within 5 minutes of shopping. This home has all the conveniences without the cost. There is a second cleared lot included with this home. Call for your showing today!

16. 2026-04-08
    price $178,800 971-char remark

    Show marketing remark (971 chars)

    SAY GOODBYE to those high electric bills, this 2 bedroom 1 bath 1200 sq ft home is just what you need, totally off grid. Listed well below the assessment and built in 2022 this year round home is a must see. Stepping into the home the open floor plan with its 10 ft ceilings is bright and inviting. The kitchen is custom with its screen door pantry and open shelves. Off the living room the 16x40 deck overlooks the 2 acres of cleared yard, perfect for entertaining. The home is heated with 2 propane wall heaters making it cozy and efficient. The custom bathroom has a soaker tub with shower. Entering the mud room/laundry there is a door to the side yard. This off grid home has 16- 200 watt solar panels with 8 100 amp Hr Lithium batteries. There is a 10,000 watt generator for backup. Country living within 5 minutes of shopping. This home has all the conveniences without the cost. There is a second cleared lot included with this home. Call for your showing today!

17. 2026-03-05
    listed $183,500 Active 971-char remark

    Show marketing remark (971 chars)

    SAY GOODBYE to those high electric bills, this 2 bedroom 1 bath 1200 sq ft home is just what you need, totally off grid. Listed well below the assessment and built in 2022 this year round home is a must see. Stepping into the home the open floor plan with its 10 ft ceilings is bright and inviting. The kitchen is custom with its screen door pantry and open shelves. Off the living room the 16x40 deck overlooks the 2 acres of cleared yard, perfect for entertaining. The home is heated with 2 propane wall heaters making it cozy and efficient. The custom bathroom has a soaker tub with shower. Entering the mud room/laundry there is a door to the side yard. This off grid home has 16- 200 watt solar panels with 8 100 amp Hr Lithium batteries. There is a 10,000 watt generator for backup. Country living within 5 minutes of shopping. This home has all the conveniences without the cost. There is a second cleared lot included with this home. Call for your showing today!

ⓘ 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 4/10 Moderate FEMA zone X · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 15 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: $15,533
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,243
• − Management: −$1,243
• − Depreciation: −$4,218
• Taxable loss: −$2,192
• Est. tax savings @ 24.0%: +$526
• After-tax cash flow: $773/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 · 2 photos

Excellent 95/100 None rehab

This off-grid home is in excellent condition with no visible repairs or maintenance needed. It offers a bright and inviting interior, a custom bathroom, and a spacious deck overlooking a cleared yard. The property is well-suited for both resale and rental due to its unique off-grid features and modern amenities.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and could attract more buyers or renters.
• Both Add a small shed or storage unit — Provides additional storage and could increase the home's perceived value.
• Both Install a smart thermostat — Improves energy efficiency and could lower utility costs, making it more attractive to buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's curb appeal and could attract more buyers or renters. ↑
• Both Add a small shed or storage unit — Provides additional storage and could increase the home's perceived value. ↑
• Both Install a smart thermostat — Improves energy efficiency and could lower utility costs, making it more attractive to buyers and renters. ↑

ⓘ 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: Potsdam Central School District
• NCES district ID: 3623670
• Math proficiency: 53% ▼ -2.00%
• Reading proficiency: 66% ▲ 12.00%
• Median HH income: $44,144
• Composite: 50.05/100
• National rank: #1915
• State rank: #258 of 590 in NY

Livability — Potsdam

• Score: 75/100
• State rank: #249
• US rank: #3908

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,123
• Population (ZIP): 13,408

Population outlook (St. Lawrence County) Hauer SSP2

• Today (2025): 110,027 people
• By 2030: 107,455 · -2.3%
• By 2040: 100,492 · -8.7%
• By 2050: 94,254 · -14.3%
• By 2075: 80,175 · -27.1%
• By 2100: 63,140 · -42.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Asian 3% Hispanic / Latino 2% Black 2%
• Common ancestry: Lithuanian 6% Romanian 4% Iranian 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Lawrence

• 2024 margin: R (+18.0) · D 41.0% · R 59.0%
• 2008→2024 swing: -34.3pp toward R · 2008: 16.3pp · 2024: -18.0pp
• All cycles: 2024: R+18.0 2020: R+11.7 2016: R+10.8 2012: D+16.6 2008: D+16.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 48.01%
• Current HPI: 318.7704
• 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

-21.0% since first listed

3 events — show timeline

• 2026-04-17 Price Changed $145,000 SLCMLS
• 2026-04-08 Price Changed $178,800 SLCMLS
• 2026-03-05 Listed $183,500 SLCMLS