32 Shawnee Rd · Lake Mohegan, NY 10579

$469,000

3 bd · 1.0 ba · 1,443 sqft · SingleFamily public records · 28 Days on market

Built 1940 5,000 sqft lot Est $521k · 10% under

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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).

• ARV discount +12.0/15.0
• Cash flow +11.3/30.0
• Appreciation +10.0/10.0
• Schools +6.5/10.0
• 1% rule +4.3/10.0
• Livability +3.6/5.0
• DSCR +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle.

Key facts

• 5,000 sq ft lot
• Built 1940
• Listed 28 days

Property features AI

Finance

• HOA & community: Park; Playground; Powered boats allowed

Exterior

• Parking: Driveway; Off-street parking
• Utilities: Electric service by NYSEG; Propane available; Septic tank; Electricity connected; Public trash collection
• Home design: Single family residence; Two-story
• Construction: Frame, stone, and vinyl siding construction
• Exterior features: Back yard fencing; Generator

Interior

• Kitchen: Dishwasher; Gas oven; Microwave; Refrigerator; Stainless steel appliances; Tankless water heater
• Bedrooms: Bedroom on the first floor
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Wall/window AC units
• Interior features: First-floor bedroom; First-floor full bathroom; Eat-in kitchen; Laundry room; Storage space in basement; Two levels
• Laundry & utility: Washer; Dryer; Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $469k.

Deal economics

• At list price, monthly cash flow is $-170 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $439k (6.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $435k (7.2% below list).
• Recommended offer: $435k (7.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.1% in Lake Mohegan — 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 71/100 on livability (#417 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F, cost of living F.
• Putnam Valley Central School District (suburban): math 73% / reading 71% proficiency, ranked #91 of 590 in NY (top 15%) — strong family-tenant draw, lease renewals of 3-5y typical; only 12% free/reduced lunch — higher-income household profile.
• Zoned schools: Putnam Valley Elementary School (math 87% / reading 82%, grade A+, #93 of 2,108 statewide, top 6%, 554 students, 19% FRL); Putnam Valley Middle School (math 57% / reading 65%, grade B+, #150 of 729 statewide, top 21%, 473 students, 17% FRL); Putnam Valley High School (math 92% / reading 24%, grade C, #879 of 1,100 statewide, top 80%, 503 students, 23% FRL).
• Market conditions: 51 active listings in the ZIP; 142 units permitted in Putnam County in 2024 (75 in 5+ unit buildings).

Forward outlook

• In year one you build about $50k of equity ($3k loan paydown + $47k appreciation (10.0% local appreciation)).
• Putnam County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$81k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($462k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y 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 $252k; list at $469k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $435,385 (7.2% 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 1940 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 5.86%
• Cash-on-cash: -1.55%
• DSCR: 0.93
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $520,923
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
54 Shawnee Rd	0.08mi	3/1.5	1,300 (-10%)	12mo	$501,000	$385	68
5 Cross Rd	0.60mi	3/2.0	1,550 (+7%)	5mo	$482,000	$311	51
31 Starview Ave	0.57mi	2/1.0 (-1)	1,340 (-7%)	9mo	$177,500	$132	49
55 Columbus Ave	0.24mi	3/2.0	1,257 (-13%)	22mo	$453,500	$361	45

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: 23.2%
• Equity multiple: 2.86×
• Total profit: $244,898
• Equity at exit: $422,512

10-year hold

• IRR: 20.7%
• Equity multiple: 6.56×
• Total profit: $730,276
• Equity at exit: $911,164

Cash invested: $131,320 (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 10579

• Home prices YoY: 4.0%
• Active inventory: 51
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $4,354 medium
• Mortgage (P&I): −$2,459
• Tax from tax record: −$955 /mo · $11,455/yr
• Insurance: −$195
• HOA: −$0
• Vacancy / Maint / Mgmt: −$914
• Net cashflow: $-170

Break-even live

Break-even rent $4,569

Max offer price $438,978

Occupancy floor 99%

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: $117,250
• Closing costs: $14,070
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-04-14
   status Pending
2. 2026-03-18
   listed $469,000 Active
3. 2026-03-16
   historical $469,000
4. 2016-12-05
   soldstatus $252,250
5. 2016-11-21
   soldstatus $252,250 Sold 610-char remark

   Show marketing remark (664 chars)

   Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle. Additional Information: HeatingFuel:Oil Above Ground,

6. 2016-11-21
   price $252,250 610-char remark

   Show marketing remark (664 chars)

   Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle. Additional Information: HeatingFuel:Oil Above Ground,

7. 2016-11-21
   soldstatus $252,250 664-char remark

   Show marketing remark (664 chars)

   Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle. Additional Information: HeatingFuel:Oil Above Ground,

8. 2016-09-02
   historical Pending 610-char remark

   Show marketing remark (610 chars)

   Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle.

9. 2016-08-29
   price $254,000 610-char remark

   Show marketing remark (610 chars)

   Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle.

10. 2016-08-17
    listed $254,000 Active 610-char remark

    Show marketing remark (664 chars)

    Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle. Additional Information: HeatingFuel:Oil Above Ground,

11. 2016-08-17
    listed $254,000 664-char remark

    Show marketing remark (664 chars)

    Peace and tranquility awaits you in this beautifully renovated home in a wonderful lake community. This lovely 3 bedroom home features hardwood floors, a newly renovated eat-in kitchen with Silverstone countertops, updated bath, and a laundry/mud room leading out to a picturesque fenced-in yard. The huge walk-in closet in the bedroom upstairs is an added bonus! Walk to nearby Lake Oscawana and enjoy the private beach, playground and picnic area. Bring your motorboat, kayak or canoe and experience the serenity and beauty of Mother Nature at its best. This is more than a beautiful home - it's a lifestyle. Additional Information: HeatingFuel:Oil Above Ground,

12. 2001-04-12
    soldstatus $112,500
13. 2001-03-30
    soldstatus $112,500
14. 2001-02-26
    historical
15. 2001-02-26
    price $119,000
16. 2001-01-17
    historical
17. 2000-09-20
    listed $112,500
18. 2000-07-17
    listed
19. 1987-01-29
    soldstatus $115,000
20. 1980-05-01
    soldstatus $30,000

ⓘ 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: $11,455 · $955/mo
• Projected year-2 tax: $11,455 · $955/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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,246
• − Mortgage interest: −$26,271
• − Property taxes: −$11,455
• − Insurance: −$2,345
• − Repairs & maintenance: −$4,180
• − Management: −$4,180
• − Depreciation: −$13,644
• Taxable loss: −$9,828
• Est. tax savings @ 24.0%: +$2,359
• After-tax cash flow: $319/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: Putnam Valley Central School District
• NCES district ID: 3624000
• Math proficiency: 73% ▬ 0.00%
• Reading proficiency: 71% ▲ 6.00%
• Median HH income: $94,086
• Composite: 65.26/100
• National rank: #491
• State rank: #91 of 590 in NY

Livability — Lake Mohegan

• Score: 71/100
• State rank: #417
• US rank: #7240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 7,361
• Population (ZIP): 8,825

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 99,705 people
• By 2030: 99,650 · -0.1%
• By 2040: 98,641 · -1.1%
• By 2050: 96,348 · -3.4%
• By 2075: 94,412 · -5.3%
• By 2100: 88,728 · -11.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 16% Two or more races 6% Asian 3% Black 2%
• Hispanic origin (detail): Puerto Rican 8%
• Common ancestry: Iranian 3% Romanian 3% Italian 2%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 9% Arabic 3% Other Indo-European 2%

Political lean MEDSL · Putnam

• 2024 margin: R (+13.7) · D 43.2% · R 56.8%
• 2008→2024 swing: -6.2pp toward R · 2008: -7.5pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+7.9 2016: R+17.8 2012: R+11.2 2008: R+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.42%
• Current HPI: 269.3211
• 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

+1463.3% since first listed

20 events — show timeline

• 2026-04-14 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-18 Listed $469,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Coming Soon $469,000 OneKey® MLS as Distributed by MLS Grid
• 2016-12-05 Sold (Public Records) $252,250 Public Records
• 2016-11-21 Price Changed $252,250 HGMLS
• 2016-11-21 Sold (MLS) $252,250 HGMLS
• 2016-11-21 Sold (MLS) $252,250 OneKey® MLS as Distributed by MLS Grid
• 2016-09-02 Contingent — HGMLS
• 2016-08-29 Price Changed $254,000 HGMLS
• 2016-08-17 Listed $254,000 HGMLS
• 2016-08-17 Listed $254,000 OneKey® MLS as Distributed by MLS Grid
• 2001-04-12 Sold (Public Records) $112,500 Public Records
• 2001-03-30 Sold (MLS) $112,500 HGMLS
• 2001-02-26 Price Changed $119,000 HGMLS
• 2001-02-26 Delisted — HGMLS
• 2001-01-17 Delisted — HGMLS
• 2000-09-20 Listed $112,500 HGMLS
• 2000-07-17 Listed — HGMLS
• 1987-01-29 Sold (Public Records) $115,000 Public Records
• 1980-05-01 Sold (Public Records) $30,000 Public Records

Property tax history

+10.3%/yr

Latest (2025): $11,455 · +2.5% YoY. Source: county tax records.