130 Trailer St · Palatine Bridge, NY 13428

$149,900

3 bd · 2.0 ba · 1,680 sqft · Manufactured public records · 12 Days on market

Built 2003 0.38 ac lot

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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).

• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0

Listing remarks MLS

A lovely double wide home with open dining area and living room. 2 full baths. Sliding glass doors. Large eat-in kitchen. Proof of funds w/ all offers. Very Good Condition

Key facts

• 0.38 acre lot
• Garage
• Built 2003

Property features AI

Exterior

• Parking: Attached garage (1-car); Paved parking with a total of 4 parking spaces; Additional garage structure
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; Entry level: First floor
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Built area approximately 1,680 (living area)
• Exterior features: Deck; Landscaped lot; Property on a cul-de-sac; Level lot

Interior

• Kitchen: Dishwasher; Gas oven; Range; Refrigerator
• Bedrooms: Three bedrooms on the first floor
• Bathrooms: Two full bathrooms on the first floor
• Heating & cooling: Forced air heating; AC pump cooling
• Interior features: Double-pane, ENERGY STAR qualified windows; 8 total rooms
• Laundry & utility: Washer and dryer; Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-202 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $114k (23.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $124k (17.5% below list).
• Recommended offer: $114k (23.8% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 66/100 on livability (#663 in NY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Canajoharie Central School District (town): math 38% / reading 59% proficiency, ranked #414 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: East Hill School (math 37% / reading 47%, grade F, #1,361 of 2,108 statewide, top 67%, 386 students, 45% FRL); Canajoharie Middle School (math 17% / reading 57%, grade F, #448 of 729 statewide, top 63%, 195 students, 47% FRL); Canajoharie Senior High School (math 87% / reading 84%, grade A, #358 of 1,100 statewide, top 33%, 263 students, 39% FRL).
• Market conditions: 11 active listings in the ZIP; 210 units permitted in Montgomery County in 2024 (168 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $11k appreciation (7.6% local appreciation)).
• Montgomery County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $55k; list at $150k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.

Recommended offer $114,283 (23.8% 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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?
7. 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.
8. 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.
9. 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: 0.82% ✗
• Cap rate: 4.68%
• Cash-on-cash: -5.76%
• DSCR: 0.74
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.6% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 2.08×
• Total profit: $45,210
• Equity at exit: $109,835

10-year hold

• IRR: 14.6%
• Equity multiple: 4.36×
• Total profit: $140,887
• Equity at exit: $214,270

Cash invested: $41,972 (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 13428

• Home prices YoY: 2.1%
• Active inventory: 11
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,237 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$330 /mo · $3,959/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $-202

Break-even live

Break-even rent $1,492

Max offer price $114,283

Occupancy floor —

Sensitivity live

Price	-10% $-117	-5% $-159	+0% $-202	+5% $-244	+10% $-286
Rent	-10% $-299	-5% $-250	+0% $-202	+5% $-153	+10% $-104
Rate	-1.0pp $-126	-0.5pp $-163	base $-202	+0.5pp $-240	+1.0pp $-280

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-04-30
   status Pending
2. 2026-04-15
   listed $149,900 Active
3. 2010-10-18
   soldstatus $55,000 175-char remark

   Show marketing remark (175 chars)

   A lovely double wide home with open dining area and living room. 2 full baths. Sliding glass doors. Large eat-in kitchen. Proof of funds w/ all offers. Very Good Condition

4. 2010-09-06
   historical 175-char remark

   Show marketing remark (175 chars)

   A lovely double wide home with open dining area and living room. 2 full baths. Sliding glass doors. Large eat-in kitchen. Proof of funds w/ all offers. Very Good Condition

5. 2009-08-24
   listed $59,900 175-char remark

   Show marketing remark (175 chars)

   A lovely double wide home with open dining area and living room. 2 full baths. Sliding glass doors. Large eat-in kitchen. Proof of funds w/ all offers. Very Good Condition

6. 2009-01-26
   historical
7. 2008-08-01
   listed $95,000
8. 2003-03-05
   soldstatus $20,500

ⓘ 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: $3,959 · $330/mo
• Projected year-2 tax: $3,959 · $330/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 16 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: $14,838
• − Mortgage interest: −$8,397
• − Property taxes: −$3,959
• − Insurance: −$750
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$4,361
• Taxable loss: −$5,002
• Est. tax savings @ 24.0%: +$1,200
• After-tax cash flow: $-1,219/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: Canajoharie Central School District
• NCES district ID: 3606300
• Math proficiency: 38% ▼ -12.00%
• Reading proficiency: 59% ▲ 10.00%
• Median HH income: $49,296
• Composite: 41.39/100
• National rank: #3482
• State rank: #414 of 590 in NY

Livability — Palatine Bridge

• Score: 66/100
• State rank: #663
• US rank: #12360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palatine Bridge, NY
• Population (ZIP): 1,470

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 48,683 people
• By 2030: 47,785 · -1.8%
• By 2040: 45,492 · -6.6%
• By 2050: 43,161 · -11.3%
• By 2075: 38,134 · -21.7%
• By 2100: 32,337 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Iranian 3% Slovak 2% Lithuanian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Montgomery

• 2024 margin: Strong R (+28.7) · D 35.6% · R 64.4%
• 2008→2024 swing: -20.6pp toward R · 2008: -8.1pp · 2024: -28.7pp
• All cycles: 2024: R+28.7 2020: R+22.6 2016: R+26.5 2012: R+4.4 2008: R+8.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.60%
• Current HPI: 364.8609
• 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

+631.2% since first listed

8 events — show timeline

• 2026-04-30 Pending — Global MLS
• 2026-04-15 Listed $149,900 Global MLS
• 2010-10-18 Sold (MLS) $55,000 Global MLS
• 2010-09-06 Listing Removed — Global MLS
• 2009-08-24 Listed $59,900 Global MLS
• 2009-01-26 Listing Removed — Global MLS
• 2008-08-01 Listed $95,000 Global MLS
• 2003-03-05 Sold (Public Records) $20,500 Public Records

Property tax history

+6.0%/yr

Latest (2025): $3,959 · +13.9% YoY. Source: county tax records.