1879 Crompond Rd Unit F3 · Peekskill, NY 10566

$199,000

2 bd · 1.0 ba · 900 sqft · Condo · 21 Days on market

Built 1961

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Why this score? — see what drove the F 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 +7.5/15.0
• 1% rule +7.3/10.0
• Cash flow +5.1/30.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

New floors, freshly painted, updated vanity. Two bedroom second level unit in The Commons. Ready for a new owner. Convenient to all. Short distance to Beach shopping center, close to entertainment, medical care, Riverfront, Metro North. Pre-approval or proof of funds. Ten percent down payment. One assigned parking space. Common laundry. Maintenance includes tax, heat and hot water, common area maintenance. Community includes outdoor pool.

Key facts

• Outdoor pool
• Second-floor unit
• Easy commute

Tags

• SECOND-FLOOR UNIT
• ASSIGNED PARKING
• OUTDOOR POOL
• BEAUTIFULLY MAINTAINED GROUNDS
• EASY COMMUTE

Property features AI

Finance

• HOA & community: Association: The Commons; Additional parking fee $20 monthly

Exterior

• Parking: Assigned parking; Off-street parking in a parking lot; Total 2 parking spaces; Parking fee $20/month
• Utilities: Con Edison electric; Natural gas connected; Public sewer; Public trash collection
• Home design: Stock cooperative; One level (listed levels: One); Entry level 2
• Construction: Brick construction
• Exterior features: Courtyard; Gas grill; Playground; Community pool

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: Entry level bedroom on level 2
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Wall/window air conditioning unit(s)
• Interior features: Ceiling fan(s); Quartz/Quartzite counters; Wood window frames; No pets (no dogs allowed)
• Laundry & utility: Common area laundry; Tankless water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $199k.

Deal economics

• At list price, monthly cash flow is $-458 ($-5k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $196k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#132 in NY, #2,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, crime A-; Watch: amenities F, cost of living F.
• Peekskill City School District (suburban): math 37% / reading 36% proficiency, ranked #670 of 755 in NY (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hillcrest School (math 24% / reading 37%, grade F, #1,684 of 2,108 statewide, top 80%, 560 students, 61% FRL); Peekskill Middle School (math 75% / reading 70%, grade A, #75 of 729 statewide, top 10%, 794 students, 63% FRL); Peekskill High School (math 79% / reading 44%, grade B-, #841 of 1,100 statewide, top 76%, 1,017 students, 60% FRL) — zoned schools at 61% FRL track the district average.
• Zoned-school proficiency averages 55% at this address vs 36% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Peekskill City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents flat; 117 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• This rent runs 34% of the median local income ($86k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($196k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y 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 $135k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,015 (1.5% 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 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 3.53%
• Cash-on-cash: -9.86%
• DSCR: 0.56
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.12% rent growth · sell at horizon

5-year hold

• IRR: -40.3%
• Equity multiple: -0.21×
• Total profit: $-67,637
• Equity at exit: $29,672

10-year hold

• IRR: —
• Equity multiple: -1.16×
• Total profit: $-120,492
• Equity at exit: $17,206

Cash invested: $55,720 (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 10566

• Home prices YoY: -23.9%
• Rents YoY: 0.1%
• Active inventory: 117
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,453 high
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA est. from 1 same-building comp: −$1,020
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $-458

Break-even live

Break-even rent $3,032

Max offer price $132,783

Occupancy floor —

Sensitivity live

Price	-10% $-320	-5% $-389	+0% $-458	+5% $-526	+10% $-595
Rent	-10% $-651	-5% $-554	+0% $-458	+5% $-361	+10% $-264
Rate	-1.0pp $-357	-0.5pp $-407	base $-458	+0.5pp $-509	+1.0pp $-562

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5307 Villa At the Woods Peekskill, NY	1.0	1.0	550	$2,000	$3.64	44d	1	0.26mi
1701 Crompond Rd #4403 Peekskill, NY	2.0	2.0	1000	$2,600	$2.60	19d	1	0.37mi
119 High St Unit 3 Peekskill, NY	1.0	1.0	582	$1,975	$3.39	16d	1	0.82mi
1108 Brown St Peekskill, NY	3.0	1.0–2.0	852	$3,038	$3.56	2d	5	0.94mi
26 Forest Ave Cortlandt Manor, NY	2.0	1.0	1000	$3,099	$3.10	2d	1	0.99mi
8 N James St Unit D Peekskill, NY	1.0	1.0	750	$2,250	$3.00	44d	1	1.04mi
1014 Main St Unit 1 Peekskill, NY	2.0	1.0	1000	$2,000	$2.00	44d	1	1.10mi
300 Highland Ave Unit 7 Peekskill, NY	1.0	1.0	660	$2,200	$3.33	19d	1	1.12mi
209 S Division St Unit C Peekskill, NY	2.0	1.0	720	$2,200	$3.06	21d	1	1.14mi
1009 Brown St #1 Peekskill, NY	1.0	1.0	800	$2,450	$3.06	8d	1	1.14mi
1009 Brown St #1 Peekskill, NY	1.0	1.0	800	$2,450	$3.06	44d	1	1.14mi
958 Phoenix Ave Peekskill, NY	2.0	1.0	964	$2,500	$2.59	2d	1	1.20mi
2 Lakeview Dr Peekskill, NY	1.0–2.0	1.0–1.5	875	$2,795	$3.19	2d	3	1.48mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: waterpoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-18
   days on market $199,000 Active 21 DOM
2. 2026-06-17
   days on market $199,000 Active 20 DOM
3. 2026-06-16
   days on market $199,000 Active 19 DOM
4. 2026-06-15
   days on market $199,000 Active 18 DOM
5. 2026-06-13
   days on market $199,000 Active 16 DOM
6. 2026-06-09
   days on market $199,000 Active 12 DOM
7. 2026-06-08
   days on market $199,000 Active 11 DOM
8. 2026-06-07
   days on market $199,000 Active 10 DOM
9. 2026-06-04
   days on market $199,000 Active 7 DOM
10. 2026-06-03
    days on market $199,000 Active 6 DOM
11. 2026-06-02
    days on market $199,000 Active 5 DOM
12. 2026-06-01
    days on market $199,000 Active 4 DOM
13. 2026-05-31
    days on market $199,000 Active 3 DOM

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,432
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$2,355
• − Management: −$2,355
• − HOA: −$12,240
• − Depreciation: −$5,789
• Taxable loss: −$8,433
• Est. tax savings @ 24.0%: +$2,024
• After-tax cash flow: $-3,467/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: Peekskill City School District
• NCES district ID: 3622650
• Math proficiency: 37% ▲ 4.00%
• Reading proficiency: 36% ▲ 4.00%
• Median HH income: $54,563
• Composite: 34.6/100
• National rank: #10089
• State rank: #670 of 755 in NY

Livability — Peekskill

• Score: 79/100
• State rank: #132
• US rank: #2121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Peekskill, NY
• County: Westchester County · 709,332 people
• City population: 25,625
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,625
• Household income: $85,954
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1507.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 46% White 32% Black 17% Two or more races 14% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 3% Dominican 4%
• Common ancestry: Romanian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 27% · Canada
• Languages at home: 57% English-only · Spanish 37% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.67%
• Current HPI: 307.944
• Rent YoY: ▲ 0.12%
• 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

+131.4% since first listed

8 events — show timeline

• 2026-05-27 Listed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-08 Sold (MLS) $135,450 OneKey® MLS as Distributed by MLS Grid
• 2020-11-30 Pending — OneKey® MLS as Distributed by MLS Grid
• 2020-11-06 Listed $139,900 OneKey® MLS as Distributed by MLS Grid
• 2003-04-08 Sold (MLS) $86,000 HGMLS
• 2003-02-07 Delisted — HGMLS
• 2003-02-07 Price Changed $86,500 HGMLS
• 2002-12-02 Listed $86,000 HGMLS