2046 Route 5 · Utica, NY 13502

$109,900

3 bd · 2.0 ba · 1,280 sqft · Manufactured · 72 Days on market

Built 2025 Excellent condition $86/sqft · 75% above area ↓ 8% since listing

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Why this score? — see what drove the B 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.6/10.0
• Condition / age +5.0/5.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this brand-new 2026 never lived in double wide that offers comfort, space, and a great layout. This home has 3 bedrooms and 2 full bathrooms, including a fantastic primary suite. When you step inside you will be greeted by a spacious, open living room and kitchen area that feels bright and welcoming. The kitchen features a large island with a sink, plenty of counter space, storage, and a dishwasher. There’s also a coffee bar, room for a kitchen table, and a huge walk-in pantry. The primary suite is a good size and has its own full bathroom and a walk-in closet. The other two bedrooms are on the opposite side of the home, along with a second full bathroom. There’s also a laundry area with a mudroom right by the second entrance, which is super convenient. The home sits just outside of Utica heading toward the Valley, with easy access to the Thruway and close to Walmart, BJ’s, Price Chopper, and more. Even though it’s part of a community, it sits outside of the park on a main road, so it really feels more like your own private house. The park is pet friendly and allows up to two pets (40 lbs max each). Sidewalks should be done within the next 30 days, and the driveway will be finished later this year. Please note: the home is not fully set up yet, and gas and electric are not on right now, but everything will be completed soon. Spacious and beautiful - come take a look! * * Home is 26.8 X 48 and located in Green Acres Manufactured Home Park. Park application/approval is required. Financing available. Lot rent is $ 600/month. 2 small pets under 40 lbs are authorized, with approval.

Key facts

• Primary suite
• Large island
• Mudroom

Tags

• LARGE ISLAND
• WALK-IN PANTRY
• PRIMARY SUITE
• MUDROOM
• PET FRIENDLY
• PRIVATE HOUSE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $110k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $607 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 7.7% in Utica — 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 80/100 on livability (#104 in NY, #1,589 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D, schools D-, crime F.
• Whitesboro Central School District (suburban): math 68% / reading 61% proficiency, ranked #174 of 590 in NY (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 150 active listings in the ZIP; 54 units permitted in Herkimer County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Herkimer County population projected at -24% 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 $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.

Recommended offer $103,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% 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 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?
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: 1.57% ✓
• Cap rate: 12.92%
• Cash-on-cash: 23.66%
• DSCR: 2.05
• GRM: 5.3

CMA / ARV

• ARV (median comp): $62,799
• List price: $109,900
• Delta: 75.00%
• Verdict: OVERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
659 Kilkenny Dr	0.05mi	3/2.0	1,344 (+5%)	4mo	$102,000	$76	86
5635 Mapleton Dr	0.12mi	3/1.0	1,253 (-2%)	6mo	$30,000	$24	81
122 Country Rd	0.12mi	2/2.0 (-1)	1,268 (-1%)	10mo	$60,000	$47	80
122 Windsor Dr	0.18mi	4/2.0 (+1)	1,200 (-6%)	23mo	$73,000	$61	57
172 Country Rd	0.39mi	2/2.0 (-1)	1,239 (-3%)	20mo	$40,000	$32	55
344 Aspen Dr	0.53mi	2/2.0 (-1)	1,400 (+9%)	18mo	$74,000	$53	39
349 Aspen Dr	0.46mi	2/2.0 (-1)	1,120 (-12%)	22mo	$69,900	$62	35

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

Projected returns pro-forma

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

5-year hold

• IRR: 16.8%
• Equity multiple: 1.68×
• Total profit: $20,867
• Equity at exit: $16,386

10-year hold

• IRR: 25.4%
• Equity multiple: 3.21×
• Total profit: $68,043
• Equity at exit: $9,502

Cash invested: $30,772 (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 13502

• Home prices YoY: -12.1%
• Active inventory: 150
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,730 medium
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $607

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 60%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-07
   statusdays on market $109,900 Pending 72 DOM
2. 2026-06-05
   days on market $109,900 Active 71 DOM
3. 2026-06-03
   days on market $109,900 Active 70 DOM
4. 2026-06-02
   remarks 693-char remark
5. 2026-06-02
   days on market $109,900 Active 69 DOM
6. 2026-06-01
   days on market $109,900 Active 68 DOM
7. 2026-05-31
   days on market $109,900 Active 67 DOM
8. 2026-05-30
   days on market $109,900 Active 66 DOM
9. 2026-05-08
   price $109,900 1645-char remark

   Show marketing remark (1645 chars)

   Welcome to this brand-new 2026 never lived in double wide that offers comfort, space, and a great layout. This home has 3 bedrooms and 2 full bathrooms, including a fantastic primary suite. When you step inside you will be greeted by a spacious, open living room and kitchen area that feels bright and welcoming. The kitchen features a large island with a sink, plenty of counter space, storage, and a dishwasher. There’s also a coffee bar, room for a kitchen table, and a huge walk-in pantry. The primary suite is a good size and has its own full bathroom and a walk-in closet. The other two bedrooms are on the opposite side of the home, along with a second full bathroom. There’s also a laundry area with a mudroom right by the second entrance, which is super convenient. The home sits just outside of Utica heading toward the Valley, with easy access to the Thruway and close to Walmart, BJ’s, Price Chopper, and more. Even though it’s part of a community, it sits outside of the park on a main road, so it really feels more like your own private house. The park is pet friendly and allows up to two pets (40 lbs max each). Sidewalks should be done within the next 30 days, and the driveway will be finished later this year. Please note: the home is not fully set up yet, and gas and electric are not on right now, but everything will be completed soon. Spacious and beautiful - come take a look! * * Home is 26.8 X 48 and located in Green Acres Manufactured Home Park. Park application/approval is required. Financing available. Lot rent is $ 600/month. 2 small pets under 40 lbs are authorized, with approval.

10. 2026-03-25
    listed $119,900 Active 1645-char remark

    Show marketing remark (1645 chars)

    Welcome to this brand-new 2026 never lived in double wide that offers comfort, space, and a great layout. This home has 3 bedrooms and 2 full bathrooms, including a fantastic primary suite. When you step inside you will be greeted by a spacious, open living room and kitchen area that feels bright and welcoming. The kitchen features a large island with a sink, plenty of counter space, storage, and a dishwasher. There’s also a coffee bar, room for a kitchen table, and a huge walk-in pantry. The primary suite is a good size and has its own full bathroom and a walk-in closet. The other two bedrooms are on the opposite side of the home, along with a second full bathroom. There’s also a laundry area with a mudroom right by the second entrance, which is super convenient. The home sits just outside of Utica heading toward the Valley, with easy access to the Thruway and close to Walmart, BJ’s, Price Chopper, and more. Even though it’s part of a community, it sits outside of the park on a main road, so it really feels more like your own private house. The park is pet friendly and allows up to two pets (40 lbs max each). Sidewalks should be done within the next 30 days, and the driveway will be finished later this year. Please note: the home is not fully set up yet, and gas and electric are not on right now, but everything will be completed soon. Spacious and beautiful - come take a look! * * Home is 26.8 X 48 and located in Green Acres Manufactured Home Park. Park application/approval is required. Financing available. Lot rent is $ 600/month. 2 small pets under 40 lbs are authorized, with approval.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,754
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$3,197
• Taxable income: $5,882
• Est. tax owed @ 24.0%: −$1,412
• After-tax cash flow: $5,870/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 · 1 photo

Excellent 100/100 None rehab

This brand-new, never-lived-in double-wide manufactured home is in excellent condition with no visible repairs or maintenance needed. It offers a spacious, open layout with a large kitchen island, two full bathrooms, and a primary suite. The home is move-in ready and would benefit from minor exterior and landscaping improvements to enhance its curb appeal and value.

Value-add opportunities

• Both Painting and touch-up of exterior siding — Enhances curb appeal and value.
• Both Landscaping improvements — Enhances curb appeal and value.
• Both Interior cleaning and staging — Prepares the home for showings and potential buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting and touch-up of exterior siding — Enhances curb appeal and value. ↑
• Both Landscaping improvements — Enhances curb appeal and value. ↑
• Both Interior cleaning and staging — Prepares the home for showings and potential buyers/tenants. ↑

ⓘ 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: Whitesboro Central School District
• NCES district ID: 3631320
• Math proficiency: 68% ▼ -7.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $59,732
• Composite: 55.77/100
• National rank: #1217
• State rank: #174 of 590 in NY

Livability — Utica

• Score: 80/100
• State rank: #104
• US rank: #1589

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Oneida County · 89,710 people
• City population: 72,968
• Metro: Utica-Rome, NY
• Population (ZIP): 34,037
• Household income: $57,835
• Rent vs Own: 40.8% rent · 59.2% own
• Severe rent burden: 1604.0

Population outlook (Herkimer County) Hauer SSP2

• Today (2025): 59,340 people
• By 2030: 56,838 · -4.2%
• By 2040: 51,098 · -13.9%
• By 2050: 45,080 · -24.0%
• By 2075: 32,648 · -45.0%
• By 2100: 22,266 · -62.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 11% Black 9% Two or more races 7% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5% Dominican 2%
• Common ancestry: Romanian 11% Lithuanian 3% American 2%
• Foreign-born: 12% · Canada, Philippines, China
• Languages at home: 81% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Asian/Pacific 3%

Political lean MEDSL · Herkimer

• 2024 margin: Solid R (+36.4) · D 31.8% · R 68.2%
• 2008→2024 swing: -27.1pp toward R · 2008: -9.3pp · 2024: -36.4pp
• All cycles: 2024: R+36.4 2020: R+30.5 2016: R+34.5 2012: R+8.4 2008: R+9.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.76%
• Current HPI: 368.3955
• Rent YoY: —
• Metro: Utica-Rome, 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

-8.3% since first listed

2 events — show timeline

• 2026-05-08 Price Changed $109,900 CNYIS
• 2026-03-25 Listed $119,900 CNYIS