831 James Pl · Uniondale, NY 11553

$610,000

4 bd · 2.0 ba · 1,008 sqft · SingleFamily public records · 30 Days on market

Built 1949 5,000 sqft lot $605/sqft · 16% below area Est $730k · 16% under

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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).

• ARV discount +14.9/15.0
• Cash flow +7.8/30.0
• Schools +5.8/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Exceptional opportunity to acquire a well laid out four-bedroom two-bathroom home with strong upside potential the home features a flexible configuration with two bedrooms and a full bathroom on the main level plus two bed additional bedrooms and a 2nd full bathroom upstairs ideal for a variety of living arrangements. nice sized backyard with garage.

Key facts

• 5,000 sq ft lot
• Garage
• Built 1949

Property features AI

Exterior

• Parking: Off-street parking; 1-car garage
• Utilities: Public sewer; Electricity available; Natural gas connected
• Home design: Single family residence; Two stories; Living area per public records: 1008
• Construction: Frame construction; Full unfinished basement
• Exterior features: Frame construction; Back yard fencing; Not waterfront

Interior

• Kitchen: Convection oven; Refrigerator; Eat-in layout
• Bedrooms: Includes a bedroom on the first floor
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating (natural gas); Ductwork cooling
• Interior features: First-floor bedroom; First-floor full bathroom; Eat-in kitchen; 6 total rooms; Full, unfinished basement; Pull-down attic stairs; Two levels
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $610k.

Deal economics

• At list price, monthly cash flow is $-673 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $491k (19.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $442k (27.5% below list).
• Recommended offer: $442k (27.5% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 4.0% in Uniondale — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#152 in NY, #2,360 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: crime C-, cost of living F.
• Uniondale Union Free School District (suburban): math 59% / reading 70% proficiency, ranked #164 of 590 in NY (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Smith Street Elementary School (math 50% / reading 50%, grade D, #1,085 of 2,108 statewide, top 56%, 408 students, 62% FRL); Turtle Hook Middle School (math 24% / reading 54%, grade F, #418 of 729 statewide, top 59%, 669 students, 66% FRL); Uniondale High School (math 83% / reading 90%, grade A, #336 of 1,100 statewide, top 31%, 2,080 students, 62% FRL).
• Market conditions: 54 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).
• This rent runs 44% of the median local income ($121k/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 $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($601k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $610k implies a 1694% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $442,429 (27.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.73% ✗
• Cap rate: 4.97%
• Cash-on-cash: -4.73%
• DSCR: 0.79
• GRM: 11.5

CMA / ARV

• ARV (median comp): $729,916
• List price: $610,000
• Delta: -16.43%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
727 Windsor Rd	0.31mi	3/2.0 (-1)	1,092 (+8%)	6mo	$685,000	$627	62
852 Smith St	0.33mi	4/2.0	1,127 (+12%)	5mo	$720,000	$639	61
546 Clark Pl	0.45mi	4/2.0	1,153 (+14%)	2mo	$570,000	$494	54
160 Argyle Ave	0.67mi	4/3.0	950 (-6%)	2mo	$693,598	$730	53
185 Grenada Ave	0.53mi	3/1.0 (-1)	1,075 (+7%)	4mo	$549,000	$511	52
767 Martin Dr	0.33mi	4/3.0	1,142 (+13%)	10mo	$720,000	$630	50
585 Emerson St	0.34mi	4/1.0	1,153 (+14%)	8mo	$565,000	$490	49
189 Stanton Blvd	0.66mi	3/2.0 (-1)	1,067 (+6%)	11mo	$697,500	$654	46
541 Bedford Ave	0.72mi	4/2.0	1,109 (+10%)	6mo	$700,000	$631	44
172 Argyle Ave	0.64mi	3/2.0 (-1)	1,152 (+14%)	0mo	$590,000	$512	41
386 Locust Ave	0.75mi	4/3.0	1,120 (+11%)	9mo	$635,000	$567	35
730 Goodrich St	0.56mi	3/1.0 (-1)	1,149 (+14%)	8mo	$650,000	$566	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: -24.3%
• Equity multiple: 0.17×
• Total profit: $-141,644
• Equity at exit: $90,953

10-year hold

• IRR: -19.7%
• Equity multiple: -0.04×
• Total profit: $-178,346
• Equity at exit: $52,742

Cash invested: $170,800 (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 11553

• Active inventory: 54
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $4,424 high
• Mortgage (P&I): −$3,199
• Tax from tax record: −$715 /mo · $8,576/yr
• Insurance: −$254
• HOA: −$0
• Vacancy / Maint / Mgmt: −$929
• Net cashflow: $-673

Break-even live

Break-even rent $5,276

Max offer price $491,192

Occupancy floor —

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: $152,500
• Closing costs: $18,300
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
650 Winthrop Dr Uniondale, NY	3.0	3.0	1300	$4,900	$3.77	1d	1	0.41mi
529 Maple Ave Unit Second Floor Uniondale, NY	3.0	2.0	1240	$3,750	$3.02	24d	1	0.55mi
523 Hawthorne Ave Uniondale, NY	3.0	1.0	1328	$3,300	$2.48	24d	1	0.77mi
402 Leslie Ln Uniondale, NY	3.0	2.0	1206	$4,800	$3.98	1d	1	0.96mi
402 Leslie Ln Uniondale, NY	3.0	2.0	1208	$4,800	$3.97	43d	1	0.96mi
533 Greenwich St Unit 1D Hempstead, NY	3.0	2.0	1103	$4,000	$3.63	43d	1	1.00mi
965 Merrick Ave Unit 1st floor Merrick, NY	3.0	1.0	1200	$4,200	$3.50	2d	1	1.18mi
21 W Centennial Ave Roosevelt, NY	3.0	2.0	1176	$3,600	$3.06	19d	1	1.34mi

Listing history 2 events

1. 2026-04-22
   listed $610,000 Active 352-char remark
2. 1978-11-01
   soldstatus $34,000

ⓘ 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: $8,576 · $715/mo
• Projected year-2 tax: $9,442 · $787/mo
• Expected delta: +$867/yr (+$72/mo · 10.1%)

ⓘ 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 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 53% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $53,091
• − Mortgage interest: −$34,169
• − Property taxes: −$8,576
• − Insurance: −$3,050
• − Repairs & maintenance: −$4,247
• − Management: −$4,247
• − Depreciation: −$17,745
• Taxable loss: −$18,944
• Est. tax savings @ 24.0%: +$4,547
• After-tax cash flow: $-3,524/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: Uniondale Union Free School District
• NCES district ID: 3629280
• Math proficiency: 59% ▲ 8.00%
• Reading proficiency: 70% ▲ 17.00%
• Median HH income: $78,596
• Composite: 57.5/100
• National rank: #1071
• State rank: #164 of 590 in NY

Livability — Uniondale

• Score: 78/100
• State rank: #152
• US rank: #2360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Uniondale, NY
• County: Nassau County · 653,051 people
• City population: 27,875
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 27,875
• Household income: $121,127
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 673.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 44% Black 43% Two or more races 15% White 8% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Dominican 2%
• Common ancestry: Hispanic 5%
• Foreign-born: 39% · Canada, Jamaica
• Languages at home: 49% English-only · Spanish 41% French/Haitian/Cajun 6% Other Indo-European 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -318.80%
• Current HPI: 351.7828
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

+1694.1% since first listed

3 events — show timeline

• 2026-05-29 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listed $610,000 OneKey® MLS as Distributed by MLS Grid
• 1978-11-01 Sold (Public Records) $34,000 Public Records

Property tax history

+3.1%/yr

Latest (2024): $8,576 · +6.1% YoY. Source: county tax records.