1 Rainbow Park · Ransomville, NY 14131

$89,000

3 bd · 1.0 ba · 1,228 sqft · SingleFamily · 114 Days on market

Built 1968 $72/sqft · 40% below area Est $149k · 40% under

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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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.2/10.0
• Schools +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This manufactured home has recently been updated top to bottom. Country living while so close to the conveniences of city living. Home features 2 year old roof, windows, flooring and vinyl porch. Blacktop driveway (2025) features plenty of parking. Hot water tank 5 years old. Bathroom redone with a Braymiller wash less tub/shower. Some of the outdoor features are 2 sheds, professionally landscaped, entry doors, insulated & wrapped pipes, and pavers around home keeping everything nice and dry. No taxes or water bill on this one. It's a truly "must see!"

Key facts

• 2 year old roof
• 2 sheds
• Pavers around home

Tags

• 2 YEAR OLD ROOF
• 2 SHEDS
• PROFESSIONALLY LANDSCAPED
• INSULATED WRAPPED PIPES
• PAVERS AROUND HOME

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $81k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 2.6% in Ransomville — 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 (#548 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Wilson Central School District (town): math 52% / reading 55% proficiency, ranked #319 of 590 in NY (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 32 active listings in the ZIP; 167 units permitted in Niagara County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($615 loan paydown + $9k appreciation (10.0% local appreciation)).
• Niagara County population projected at -19% 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 $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $36k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $89k implies a 296% gain — meaningful room to come down on a strong offer.

Recommended offer $80,990 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.32% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.3

CMA / ARV

• ARV (median comp): $149,148
• List price: $89,000
• Delta: -40.33%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 35.4%
• Equity multiple: 3.75×
• Total profit: $68,420
• Equity at exit: $80,178

10-year hold

• IRR: 30.5%
• Equity multiple: 8.46×
• Total profit: $185,848
• Equity at exit: $172,907

Cash invested: $24,920 (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 14131

• Home prices YoY: 7.8%
• Active inventory: 32
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,175 medium
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $313

Break-even live

Break-even rent $779

Max offer price $89,000

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-18
   days on market $89,000 Active 114 DOM
2. 2026-06-17
   days on market $89,000 Active 113 DOM
3. 2026-06-16
   days on market $89,000 Active 112 DOM
4. 2026-06-15
   days on market $89,000 Active 111 DOM
5. 2026-06-13
   days on market $89,000 Active 109 DOM
6. 2026-06-13
   days on market $89,000 Active 108 DOM
7. 2026-06-10
   days on market $89,000 Active 106 DOM
8. 2026-06-09
   days on market $89,000 Active 105 DOM
9. 2026-06-08
   days on market $89,000 Active 104 DOM
10. 2026-06-07
    days on market $89,000 Active 103 DOM
11. 2026-06-03
    days on market $89,000 Active 99 DOM
12. 2026-06-02
    days on market $89,000 Active 98 DOM
13. 2026-06-01
    days on market $89,000 Active 97 DOM
14. 2026-05-31
    days on market $89,000 Active 96 DOM
15. 2026-04-27
    price $89,000 574-char remark

    Show marketing remark (574 chars)

    This manufactured home has recently been updated top to bottom. Country living while so close to the conveniences of city living. Home features 2 year old roof, windows, flooring and vinyl porch. Blacktop driveway (2025) features plenty of parking. Hot water tank 5 years old. Bathroom redone with a Braymiller wash less tub/shower. Some of the outdoor features are 2 sheds, professionally landscaped, entry doors, insulated & wrapped pipes, and pavers around home keeping everything nice and dry. No taxes or water bill on this one. It's a truly "must see!"

16. 2026-03-23
    price $99,000 574-char remark

    Show marketing remark (574 chars)

    This manufactured home has recently been updated top to bottom. Country living while so close to the conveniences of city living. Home features 2 year old roof, windows, flooring and vinyl porch. Blacktop driveway (2025) features plenty of parking. Hot water tank 5 years old. Bathroom redone with a Braymiller wash less tub/shower. Some of the outdoor features are 2 sheds, professionally landscaped, entry doors, insulated & wrapped pipes, and pavers around home keeping everything nice and dry. No taxes or water bill on this one. It's a truly "must see!"

17. 2026-03-09
    price $110,000 574-char remark

    Show marketing remark (574 chars)

    This manufactured home has recently been updated top to bottom. Country living while so close to the conveniences of city living. Home features 2 year old roof, windows, flooring and vinyl porch. Blacktop driveway (2025) features plenty of parking. Hot water tank 5 years old. Bathroom redone with a Braymiller wash less tub/shower. Some of the outdoor features are 2 sheds, professionally landscaped, entry doors, insulated & wrapped pipes, and pavers around home keeping everything nice and dry. No taxes or water bill on this one. It's a truly "must see!"

18. 2026-02-24
    listed $125,000 Active 574-char remark

    Show marketing remark (574 chars)

    This manufactured home has recently been updated top to bottom. Country living while so close to the conveniences of city living. Home features 2 year old roof, windows, flooring and vinyl porch. Blacktop driveway (2025) features plenty of parking. Hot water tank 5 years old. Bathroom redone with a Braymiller wash less tub/shower. Some of the outdoor features are 2 sheds, professionally landscaped, entry doors, insulated & wrapped pipes, and pavers around home keeping everything nice and dry. No taxes or water bill on this one. It's a truly "must see!"

19. 2026-01-06
    historical
20. 2025-10-06
    listed $140,000 Active
21. 2018-07-24
    soldstatus $22,500 Closed Sale or Rented
22. 2018-07-23
    status Pending Sale
23. 2018-04-30
    price $20,000
24. 2018-04-04
    listed $30,000 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 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,096
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$2,589
• Taxable income: $2,486
• Est. tax owed @ 24.0%: −$597
• After-tax cash flow: $3,158/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: Wilson Central School District
• NCES district ID: 3631560
• Math proficiency: 52% ▼ -7.00%
• Reading proficiency: 55% ▲ 3.00%
• Median HH income: $57,181
• Composite: 46.37/100
• National rank: #2462
• State rank: #319 of 590 in NY

Livability — Ransomville

• Score: 68/100
• State rank: #548
• US rank: #9859

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,339
• Population (ZIP): 5,339

Population outlook (Niagara County) Hauer SSP2

• Today (2025): 204,149 people
• By 2030: 197,900 · -3.1%
• By 2040: 182,239 · -10.7%
• By 2050: 165,198 · -19.1%
• By 2075: 129,416 · -36.6%
• By 2100: 96,222 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 14% Slovak 4% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Niagara

• 2024 margin: R (+14.9) · D 42.5% · R 57.5%
• 2008→2024 swing: -15.9pp toward R · 2008: 1.0pp · 2024: -14.9pp
• All cycles: 2024: R+14.9 2020: R+9.7 2016: R+19.0 2012: D+0.6 2008: D+1.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 21.41%
• Current HPI: 297.4314
• 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

+196.7% since first listed

10 events — show timeline

• 2026-04-27 Price Changed $89,000 WNYREIS
• 2026-03-23 Price Changed $99,000 WNYREIS
• 2026-03-09 Price Changed $110,000 WNYREIS
• 2026-02-24 Listed $125,000 WNYREIS
• 2026-01-06 Listing Removed — WNYREIS
• 2025-10-06 Listed $140,000 WNYREIS
• 2018-07-24 Sold (MLS) $22,500 WNYREIS
• 2018-07-23 Pending — WNYREIS
• 2018-04-30 Price Changed $20,000 WNYREIS
• 2018-04-04 Listed $30,000 WNYREIS