3099 17b · Lake Huntington, NY 12737

$199,900

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 228 Days on market

Built 1900 2.06 ac lot $174/sqft · 19% below area Est $247k · 19% under

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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 +20.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.6/10.0
• 1% rule +5.2/10.0
• Schools +4.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

Key facts

• 2.06 acre lot
• 2 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 2.1% in Lake Huntington — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Sullivan West Central School District (rural): math 45% / reading 47% proficiency, ranked #436 of 590 in NY (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 66 active listings in the ZIP; 739 units permitted in Sullivan County in 2024 (5 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Sullivan County population projected at -24% 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 $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 228 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $40k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $200k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $175,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 228 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 1900 — 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. 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: 1.02% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.85%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (median comp): $247,482
• List price: $199,900
• Delta: -19.23%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3027 State Route 17b	0.36mi	3/1.0	1,265 (+10%)	9mo	$229,000	$181	60

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: 28.5%
• Equity multiple: 3.26×
• Total profit: $126,253
• Equity at exit: $180,086

10-year hold

• IRR: 24.8%
• Equity multiple: 7.40×
• Total profit: $358,127
• Equity at exit: $388,362

Cash invested: $55,972 (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 12737

• Active inventory: 66
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,032 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$201 /mo · $2,412/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $273

Break-even live

Break-even rent $1,687

Max offer price $199,900

Occupancy floor 82%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2025-11-16
   status Active 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

2. 2025-08-17
   price $199,900 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

3. 2025-07-22
   status Active 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

4. 2025-07-21
   status Active 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

5. 2025-07-20
   listed $239,900 Active 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

6. 2025-07-08
   historical $239,900 908-char remark

   Show marketing remark (908 chars)

   Discover the charm of Bethel Woods living! Whether you're looking for a weekend retreat, an income-generating Airbnb, or a full-time residence, this versatile home offers endless potential. Nestled on over 2 acres of peaceful land, it's the perfect canvas to create your dream space. Located just minutes from the vibrant towns of Cochecton, Callicoon, and Narrowsburg, and only a short trip to the Delaware River for tubing and summer fun, outdoor adventure is always close by. With easy access to Route 17, getting to and from the city is a breeze. New Septic and Roof installed in 2013/2014. While the home could use some updating, a little creativity, paint, and elbow grease will go a long way in transforming it into something special. Let this be your opportunity to personalize a home in one of the Catskills' most desirable areas! Over 60 chestnut trees in the rear acreage. Home being sold as is.

7. 2008-02-14
   soldstatus $90,000

ⓘ 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: $2,412 · $201/mo
• Projected year-2 tax: $2,895 · $241/mo
• Expected delta: +$483/yr (+$40/mo · 20.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,387
• − Mortgage interest: −$11,198
• − Property taxes: −$2,412
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,951
• − Management: −$1,951
• − Depreciation: −$5,815
• Taxable income: $61
• Est. tax owed @ 24.0%: −$15
• After-tax cash flow: $3,260/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: Sullivan West Central School District
• NCES district ID: 3600023
• Math proficiency: 45% ▼ -7.00%
• Reading proficiency: 47% ▼ -2.00%
• Median HH income: $56,078
• Composite: 40.05/100
• National rank: #3817
• State rank: #436 of 590 in NY

Livability — Lake Huntington

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 301
• Population (ZIP): 1,817

Population outlook (Sullivan County) Hauer SSP2

• Today (2025): 68,974 people
• By 2030: 65,609 · -4.9%
• By 2040: 58,878 · -14.6%
• By 2050: 52,500 · -23.9%
• By 2075: 39,941 · -42.1%
• By 2100: 28,880 · -58.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 13% Two or more races 12%
• Hispanic origin (detail): Puerto Rican 9% Cuban 1%
• Common ancestry: Romanian 7% Slovak 5% Lithuanian 4%
• Foreign-born: 5% · South Korea
• Languages at home: 92% English-only · Russian/Polish/Slavic 3% Other Indo-European 3% Spanish 2%

Political lean MEDSL · Sullivan

• 2024 margin: R (+16.7) · D 41.6% · R 58.4%
• 2008→2024 swing: -26.2pp toward R · 2008: 9.5pp · 2024: -16.7pp
• All cycles: 2024: R+16.7 2020: R+9.2 2016: R+13.7 2012: D+10.4 2008: D+9.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 132.02%
• Current HPI: 443.8248
• 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

+122.1% since first listed

7 events — show timeline

• 2025-11-16 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-08-17 Price Changed $199,900 OneKey® MLS as Distributed by MLS Grid
• 2025-07-22 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-07-21 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-07-20 Listed $239,900 OneKey® MLS as Distributed by MLS Grid
• 2025-07-08 Coming Soon $239,900 OneKey® MLS as Distributed by MLS Grid
• 2008-02-14 Sold (Public Records) $90,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $2,412 · +3.1% YoY. Source: county tax records.