12 Glebe St · Johnstown, NY 12095

$95,900

3 bd · 1.0 ba · 1,096 sqft · SingleFamily public records · 161 Days on market

Built 1935 Good condition 1,306 sqft lot $88/sqft · 37% below area Est $152k · 37% 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 +29.8/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0

Listing remarks

Walk to downtown and enjoy all the amenities of the city, Large Living room with Dining area, Working Kitchen, Side Laundry room that leads to basement, upstairs has 3 BR's and Full Bath, Large Attic area, Updates include, new Flooring, newer shingles on roof, Newer PEX plumbing, New Paint Throughout, 2 Entries and Exit Points, Side Enc Entry/Porch.

Key facts

• Newer shingles
• Large attic area
• Working kitchen

Tags

• LARGE LIVING ROOM
• WORKING KITCHEN
• SIDE LAUNDRY ROOM
• LARGE ATTIC AREA
• NEW FLOORING
• NEWER SHINGLES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $96k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.3% in Johnstown — 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 78/100 on livability (#168 in NY, #2,603 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: crime D-, amenities D-.
• Johnstown City School District (town): math 35% / reading 47% proficiency, ranked #509 of 590 in NY (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Johnstown Junior-Senior High School (math 45% / reading 49%, grade D-, #1,007 of 1,100 statewide, top 93%, 675 students, 51% FRL) — zoned schools average 51% FRL vs 34% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 161 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 112 units permitted in Fulton County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($663 loan paydown + $10k appreciation (10.0% local appreciation)).
• Fulton County population projected at -23% 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 $27k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $34k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $84,392 (12.0% below list)

Questions for the listing agent

1. It's been on market 161 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — 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. Crime grade is D 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: 1.35% ✓
• Cap rate: 10.69%
• Cash-on-cash: 15.72%
• DSCR: 1.70
• GRM: 6.2

CMA / ARV

• ARV (median comp): $152,487
• List price: $95,900
• Delta: -37.11%
• 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
9 Fon Clair St	0.14mi	2/1.0 (-1)	1,104 (+1%)	10mo	$160,000	$145	79
5 W Green St	0.23mi	2/1.5 (-1)	1,134 (+4%)	13mo	$65,000	$57	66
216 N Chase St	0.40mi	3/1.0	1,170 (+7%)	8mo	$165,000	$141	64
11 Court St	0.53mi	2/1.5 (-1)	1,120 (+2%)	2mo	$164,000	$146	63
207 Fon Clair St	0.21mi	3/1.0	965 (-12%)	14mo	$28,000	$29	59
17 Wells St	0.62mi	3/1.5	1,053 (-4%)	7mo	$89,000	$85	57
2 Parkwood Ave	0.62mi	3/1.0	1,144 (+4%)	11mo	$170,000	$149	54
605 S Perry St	0.60mi	2/1.0 (-1)	1,136 (+4%)	13mo	$135,000	$119	50
6 Worden St	0.64mi	3/1.0	1,168 (+7%)	13mo	$200,620	$172	48
411 N Market St	0.54mi	3/1.5	1,200 (+10%)	12mo	$110,000	$92	47
9 Water St	0.48mi	2/1.0 (-1)	1,222 (+12%)	14mo	$140,000	$115	41
601 S Perry St	0.58mi	2/1.0 (-1)	936 (-15%)	6mo	$160,000	$171	39

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

Projected returns pro-forma

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

5-year hold

• IRR: 35.9%
• Equity multiple: 3.78×
• Total profit: $74,653
• Equity at exit: $86,394

10-year hold

• IRR: 30.9%
• Equity multiple: 8.53×
• Total profit: $202,273
• Equity at exit: $186,313

Cash invested: $26,852 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 7 active · 13 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $139,900 ($138/sqft)
• Median days on market: 57 d
• This list price: 14% of active listings are priced below it
• ARV vs active asking: +0.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 12095

• Home prices YoY: 3.8%
• Active inventory: 161
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$503
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $352

Break-even live

Break-even rent $847

Max offer price $95,900

Occupancy floor 68%

Sensitivity live

Price	-10% $406	-5% $379	+0% $352	+5% $325	+10% $297
Rent	-10% $250	-5% $301	+0% $352	+5% $403	+10% $454
Rate	-1.0pp $400	-0.5pp $376	base $352	+0.5pp $327	+1.0pp $302

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: $23,975
• Closing costs: $2,877
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Smith St Unit 2 Johnstown, NY	2.0	1.0	900	$1,050	$1.17	1d	1	0.24mi
104 W Fulton St Unit 104 Johnstown, NY	2.0	1.5	1200	$1,200	$1.00	0d	1	0.41mi
215 S William St Johnstown, NY	2.0	1.0	1000	$1,500	$1.50	0d	1	0.42mi
409 S Melcher St Unit 4 Johnstown, NY	2.0	1.0	1500	$1,595	$1.06	5d	1	0.61mi
409 S Melcher St Unit 4 Johnstown, NY	2.0	1.0	1500	$1,595	$1.06	0d	1	0.61mi
443 N Perry St #2 Johnstown, NY	2.0	1.0	1200	$1,095	$0.91	15d	1	1.23mi

Property features AI

Exterior

• Parking: Three parking spacesOff-street parking via driveway
• Utilities: 100 Amp electric service with circuit breakersPublic waterPublic sewer
• Home design: Single-family residenceLiving area approximately 1,096
• Construction: Wood sidingStone foundationAsphalt roofBuilt with wood siding construction
• Exterior features: Paved driveway

Interior

• Kitchen: MicrowaveOvenRefrigerator
• Bedrooms: Three bedrooms on the second level
• Bathrooms: One full bathroom (located on the second level)
• Heating & cooling: Forced air heating
• Interior features: Partial basementSix total rooms
• Laundry & utility: Main-level laundry room

Listing history 50 events

1. 2026-11-08
   days on market $95,900 Active 161 DOM
2. 2026-11-07
   days on market $95,900 Active 160 DOM
3. 2026-11-06
   days on market $95,900 Active 159 DOM
4. 2026-11-05
   days on market $95,900 Active 158 DOM
5. 2026-11-04
   pricedays on market $95,900 Active 157 DOM
6. 2026-11-02
   days on market $105,000 Active 155 DOM
7. 2026-11-01
   days on market $105,000 Active 154 DOM
8. 2026-10-31
   days on market $105,000 Active 153 DOM
9. 2026-10-31
   days on market $105,000 Active 152 DOM
10. 2026-10-29
    days on market $105,000 Active 151 DOM
11. 2026-10-28
    days on market $105,000 Active 150 DOM
12. 2026-10-27
    days on market $105,000 Active 149 DOM
13. 2026-10-26
    days on market $105,000 Active 148 DOM
14. 2026-10-25
    days on market $105,000 Active 147 DOM
15. 2026-10-24
    days on market $105,000 Active 146 DOM
16. 2026-10-23
    days on market $105,000 Active 145 DOM
17. 2026-10-22
    days on market $105,000 Active 144 DOM
18. 2026-10-22
    days on market $105,000 Active 143 DOM
19. 2026-10-20
    days on market $105,000 Active 142 DOM
20. 2026-10-19
    days on market $105,000 Active 141 DOM
21. 2026-10-18
    days on market $105,000 Active 140 DOM
22. 2026-10-17
    days on market $105,000 Active 139 DOM
23. 2026-10-16
    days on market $105,000 Active 138 DOM
24. 2026-10-15
    days on market $105,000 Active 137 DOM
25. 2026-10-14
    days on market $105,000 Active 136 DOM
26. 2026-10-13
    days on market $105,000 Active 135 DOM
27. 2026-10-12
    days on market $105,000 Active 134 DOM
28. 2026-10-11
    days on market $105,000 Active 133 DOM
29. 2026-10-10
    days on market $105,000 Active 132 DOM
30. 2026-10-09
    days on market $105,000 Active 131 DOM
31. 2026-10-08
    days on market $105,000 Active 130 DOM
32. 2026-10-07
    days on market $105,000 Active 129 DOM
33. 2026-10-06
    days on market $105,000 Active 128 DOM
34. 2026-10-05
    days on market $105,000 Active 127 DOM
35. 2026-10-04
    days on market $105,000 Active 126 DOM
36. 2026-10-03
    days on market $105,000 Active 125 DOM
37. 2026-10-02
    days on market $105,000 Active 124 DOM
38. 2026-10-01
    days on market $105,000 Active 123 DOM
39. 2026-09-30
    days on market $105,000 Active 122 DOM
40. 2026-09-29
    days on market $105,000 Active 121 DOM
41. 2026-09-28
    days on market $105,000 Active 120 DOM
42. 2026-09-27
    days on market $105,000 Active 119 DOM
43. 2026-09-26
    days on market $105,000 Active 118 DOM
44. 2026-09-25
    days on market $105,000 Active 117 DOM
45. 2026-09-24
    days on market $105,000 Active 116 DOM
46. 2026-09-23
    days on market $105,000 Active 115 DOM
47. 2026-09-21
    days on market $105,000 Active 113 DOM
48. 2026-09-20
    days on market $105,000 Active 112 DOM
49. 2026-09-19
    days on market $105,000 Active 111 DOM
50. 2026-09-19
    days on market $105,000 Active 110 DOM

ⓘ 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: $1,514 · $126/mo
• Projected year-2 tax: $1,567 · $131/mo
• Expected delta: +$53/yr (+$4/mo · 3.5%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,505
• − Mortgage interest: −$5,372
• − Property taxes: −$1,514
• − Insurance: −$480
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$2,790
• Taxable income: $2,869
• Est. tax owed @ 24.0%: −$689
• After-tax cash flow: $3,532/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 · 10 photos

Good 75/100 Cosmetic rehab Est. rehab $5,480–$16,440 screening

This home is in good condition with minimal repairs needed. A fresh coat of paint and some window replacements would significantly enhance its curb appeal and market value.

Value-add opportunities

• Resale Paint the exterior siding and trim — A fresh coat of paint can significantly enhance the curb appeal and resale value of the home. ↑
• Resale Replace any damaged windows — New windows can improve energy efficiency and increase the home's market value. ↑
• Both Upgrade the HVAC system — A modern, energy-efficient HVAC system can improve comfort and reduce utility costs, benefiting both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Warren Street School F NY #1,561/2,108 Nat'l #22,595/41,679 High Johnstown Junior-Senior High School D- NY #1,007/1,100 Nat'l #6,330/17,239

Schools (NCES district)

• District: Johnstown City School District
• NCES district ID: 3615980
• Math proficiency: 35% ▼ -8.00%
• Reading proficiency: 47% ▲ 4.00%
• Median HH income: $45,999
• Composite: 34.89/100
• National rank: #5082
• State rank: #509 of 590 in NY

B Composite livability gradescore 78/100

Livability — Johnstown

• Score: 78/100
• State rank: #168
• US rank: #2603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, NY
• County: Fulton · 51,132 people
• Population (ZIP): 12,013
• Household income: $69,864
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 7% of renters

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Population outlook (Fulton County) Hauer SSP2

• Today (2025): 51,132 people
• By 2030: 49,114 · -3.9%
• By 2040: 44,373 · -13.2%
• By 2050: 39,321 · -23.1%
• By 2075: 28,503 · -44.3%
• By 2100: 19,268 · -62.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 4% Black 2%
• Languages at home: 97% English-only · Spanish 2%

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Political lean MEDSL · Fulton

• 2024 margin: Solid R (+35.9) · D 32.1% · R 67.9%
• 2008→2024 swing: -26.6pp toward R · 2008: -9.2pp · 2024: -35.9pp
• All cycles: 2024: R+35.9 2020: R+31.4 2016: R+35.5 2012: R+10.5 2008: R+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.82%
• Current HPI: 297.365
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

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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

Property features AI

Exterior

• Parking: Three parking spacesOff-street parking via driveway
• Utilities: 100 Amp electric service with circuit breakersPublic waterPublic sewer
• Home design: Single-family residenceLiving area approximately 1,096
• Construction: Wood sidingStone foundationAsphalt roofBuilt with wood siding construction
• Exterior features: Paved driveway

Interior

• Kitchen: MicrowaveOvenRefrigerator
• Bedrooms: Three bedrooms on the second level
• Bathrooms: One full bathroom (located on the second level)
• Heating & cooling: Forced air heating
• Interior features: Partial basementSix total rooms
• Laundry & utility: Main-level laundry room

Price history

+209.3% since first listed

3 events — show timeline

• 2026-05-30 Listed $129,900 Global MLS
• 2013-10-21 Listing Removed — Global MLS
• 2013-02-21 Listed $42,000 Global MLS

Property tax history

+9.8%/yr

Latest (2025): $1,514 · +5.8% YoY. Source: county tax records.