30 Starling Rd Unit 30 Starling Road · Copake Lake, NY 12521

$269,000

2 bd · 1.5 ba · 1,088 sqft · SingleFamily · 8 Days on market

Built 1937 Fair condition 0.26 ac lot

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Why this score? — see what drove the C- 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 +15.7/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Schools +4.5/10.0
• 1% rule +4.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Nestled within the coveted Copake Lake community, this charming 2-bedroom, 2-bath, home offers something rare: a short 5-minute walk to Copake Lake, giving you effortless access to boating, fishing, kayaking, and waterfront living from the moment you arrive. Set on a private road, the home sits on an oversized quadruple lot with mature trees, exceptional outdoor space, and seamless indoor/outdoor living -- with endless possibilities for expansion and recreation. Inside, the 1,088 sq. ft. home features warm and inviting living spaces highlighted by a beautiful stone fireplace, a wood-stove for added warmth, original 1930's coffered ceilings, and electric baseboard heat with individual room zones for comfort and efficiency. Recent updates include a new roof, new windows (warranty included), and upgraded 200-amp electric service, providing peace of mind and modern functionality. Whether you're spending the day out on the lake from the dock, exploring Hudson Valley hiking trails, hitting nearby ski slopes, or simply unwinding by the fire, this property offers the perfect blend of cozy cottage living and active outdoor lifestyle. Easy access to local dining and recreation, just steps off the Taconic State Parkway and a little over two hours from New York City. Ideal as a seasonal getaway, weekend escape, or investment property. Available Immediately!

Key facts

• 0.26 acre lot
• Built 1937
• Listed 7 days

Property features AI

Finance

• HOA & community: Community features include lake access

Exterior

• Home design: Single family residence; Residential property
• Construction: Above-grade finished area approximately 1,088
• Exterior features: Private yard; Located on Copake Lake with nearby dock rights for some neighbors (dock slip availability after closing)

Interior

• Kitchen: Electric oven; Oven; Range; Refrigerator
• Bedrooms: Master bedroom downstairs
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Wood stove heating; Pellet stove heating; Has heating
• Interior features: Primary bedroom on the main floor; One fireplace located in a bedroom; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $269k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $116 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (7.1% below list).
• Recommended offer: $250k (7.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 2.4% in Copake Lake — 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 62/100 on livability (#841 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Taconic Hills Central School District (rural): math 53% / reading 51% proficiency, ranked #335 of 590 in NY (top 57%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Taconic Hills Elementary School (math 53% / reading 50%, grade C-, #1,041 of 2,108 statewide, top 50%, 562 students, 57% FRL) — zoned schools average 57% FRL vs 38% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 42 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 136 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $27k appreciation (10.0% local appreciation)).
• Columbia County population projected at -22% 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 $75k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $250,000 (7.1% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1937 — 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. Schools are D-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. 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: 0.93% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 25.6%
• Equity multiple: 3.04×
• Total profit: $153,930
• Equity at exit: $242,337

10-year hold

• IRR: 22.5%
• Equity multiple: 6.94×
• Total profit: $447,565
• Equity at exit: $522,608

Cash invested: $75,320 (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 12521

• Home prices YoY: 23.4%
• Active inventory: 42
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,411
• Tax est. 1.5%: −$336 /mo · $4,035/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $116

Break-even live

Break-even rent $2,353

Max offer price $269,000

Occupancy floor 90%

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Washington Dr Hillsdale, NY	2.0	1.0	832	$2,500	$3.00	43d	1	1.03mi

Listing history 10 events

1. 2026-06-19
   days on market $269,000 Active 8 DOM
2. 2026-06-18
   days on market $269,000 Active 7 DOM
3. 2026-06-17
   days on market $269,000 Active 6 DOM
4. 2026-06-16
   days on market $269,000 Active 5 DOM
5. 2026-06-15
   days on market $269,000 Active 4 DOM
6. 2026-06-14
   days on market $269,000 Active 2 DOM
7. 2026-06-12
   status $269,000 Active 1 DOM
8. 2026-06-09
   statuslisting id $269,000 Coming Soon 1 DOM
9. 2026-06-09
   remarks 699-char remark
10. 2026-06-09
    listed $269,000 Active 1 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$15,068
• − Property taxes: −$4,035
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$7,825
• Taxable loss: −$3,074
• Est. tax savings @ 24.0%: +$738
• After-tax cash flow: $2,130/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 · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to update the kitchen and bathroom, paint the interior and exterior, and replace dated flooring. These updates will significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate kitchen appliances — outdated and in need of replacement
• Moderate bathroom fixtures — basic and in need of replacement
• Moderate exterior paint — some discoloration and wear

Value-add opportunities

• Both update kitchen and bathroom — modernizing these spaces will attract more buyers and renters
• Both paint interior walls and exterior — fresh paint will improve curb appeal and interior aesthetics
• Both replace dated flooring — new flooring will enhance the home's overall appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
kitchen appliances · outdated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · basic and in need of replacement	Moderate	$3,000–15,000
exterior paint · some discoloration and wear	Moderate	$3,000–15,000
Total estimated repair cost · 4 items		$12,000–60,000

Value-add ROI direction

• Both update kitchen and bathroom — modernizing these spaces will attract more buyers and renters ↑
• Both paint interior walls and exterior — fresh paint will improve curb appeal and interior aesthetics ↑
• Both replace dated flooring — new flooring will enhance the home's overall appearance and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Taconic Hills Central School District
• NCES district ID: 3628620
• Math proficiency: 53% ▲ 10.00%
• Reading proficiency: 51% ▲ 11.00%
• Median HH income: $57,329
• Composite: 45.16/100
• National rank: #2676
• State rank: #335 of 590 in NY

Livability — Copake Lake

• Score: 62/100
• State rank: #841
• US rank: #16329

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Copake Lake, NY
• Population (ZIP): 1,874

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 58,662 people
• By 2030: 56,557 · -3.6%
• By 2040: 51,324 · -12.5%
• By 2050: 45,790 · -21.9%
• By 2075: 35,232 · -39.9%
• By 2100: 25,846 · -55.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 11% Hispanic / Latino 7% Black 1%
• Hispanic origin (detail): Mexican 1% Cuban 2%
• Common ancestry: Romanian 3% Scotch-Irish 3% Slovak 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 8% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Columbia

• 2024 margin: D (+14.7) · D 57.4% · R 42.6%
• 2008→2024 swing: +1.3pp toward D · 2008: 13.4pp · 2024: 14.7pp
• All cycles: 2024: D+14.7 2020: D+16.7 2016: D+1.4 2012: D+11.7 2008: D+13.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 83.58%
• Current HPI: 441.0272
• 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

+0.0% since first listed

3 events — show timeline

• 2026-06-08 Coming Soon $269,000 HVCRMLS
• 2026-06-08 Listed $269,000 HVCRMLS
• 2026-06-08 Coming Soon $269,000 HVCRMLS