1343 Chelsea Rd · Corinth, VT 05039

$129,000

3 bd · 1.0 ba · 780 sqft · Manufactured public records · 50 Days on market

Built 1980 8.50 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 +19.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Appreciation +6.2/10.0
• Schools +5.0/10.0
• 1% rule +4.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

If you've been looking for a rural Vermont property to make your own, 1343 Chelsea Road is worth a look. Situated on 8.5 acres along Meadow Brook, this parcel offers privacy and mature evergreens on all sides. Note that the property is located in a flood zone. The standout feature is the two-story gambrel barn with two garage bays, a concrete floor, built-in workbenches, and a large upper level with impressive timber framing and a metal roof, ready for storage, a workshop, or finishing into additional space. The existing home is a manufactured home that will need significant work or replacement. A dug well and septic system are on site. Buyer to do their own due diligence in determining the

Key facts

• Mature evergreens
• Privacy
• 8.5 acres

Tags

• 8.5 ACRES
• MEADOW BROOK
• PRIVACY
• MATURE EVERGREENS
• TWO-STORY GAMBREL BARN
• TWO GARAGE BAYS

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Dug well water; Septic sewer; Circuit breaker electrical service; Internet availability unknown; No additional utilities listed
• Home design: Manufactured home (Manuf/Mobile); Red exterior color; Metal roof; Existing structure; Single-story (all main level)
• Construction: Built in 1980; Wood siding; Metal roof; Manufactured home construction
• Exterior features: Level lot; Dirt driveway; Public road frontage (247 feet); Flood zone

Interior

• Kitchen: Kitchen on main level; Gas range; Microwave
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level
• Flooring: Carpet; Concrete; Tile; Wood
• Bathrooms: One full bathroom on main level
• Heating & cooling: Forced air heating; Propane and oil heating sources; Wall AC units
• Interior features: Five total rooms; Dirt-floor basement with interior access; Carpet, concrete, tile, and wood flooring
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $129k.

Deal economics

• At list price, monthly cash flow is $-158 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $101k (21.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (0.8% below list).
• Recommended offer: $101k (21.6% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Zoned schools: Waits River Valley Union School (math 32% / reading 47%, grade F, #96 of 192 statewide, top 57%, 263 students, 38% FRL).
• Market conditions: 7 active listings in the ZIP; 74 units permitted in Orange County in 2024 (28 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($892 loan paydown + $3k appreciation (2.3% local appreciation)).
• Orange County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $314/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,095 (21.6% 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. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 0.99% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.18%
• DSCR: 1.23
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.03×
• Total profit: $1,181
• Equity at exit: $53,230

10-year hold

• IRR: 4.7%
• Equity multiple: 1.67×
• Total profit: $24,322
• Equity at exit: $78,499

Cash invested: $36,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Vermont: 41 Moderately Tenant-Leaning · D+15
• County: — inherits STATE
• City: — inherits STATE

Just-cause in Burlington (2022); strong habitability.

Methodology + full state rankings →

ZIP-level market 05039

• Home prices YoY: 1.8%
• Active inventory: 7
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,279 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$125 /mo · $1,494/yr
• Insurance: −$54
• Flood insurance flood zone: −$314 /mo · $3,765/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $-158

Break-even live

Break-even rent $1,479

Max offer price $101,095

Occupancy floor —

Sensitivity live

Price	-10% $-85	-5% $-121	+0% $-158	+5% $-194	+10% $-231
Rent	-10% $-259	-5% $-208	+0% $-158	+5% $-107	+10% $-57
Rate	-1.0pp $-93	-0.5pp $-125	base $-158	+0.5pp $-191	+1.0pp $-225

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $129,000 Active 50 DOM
2. 2026-06-19
   days on market $129,000 Active 48 DOM
3. 2026-06-18
   days on market $129,000 Active 47 DOM
4. 2026-06-17
   days on market $129,000 Active 46 DOM
5. 2026-06-16
   days on market $129,000 Active 45 DOM
6. 2026-06-15
   days on market $129,000 Active 44 DOM
7. 2026-06-14
   days on market $129,000 Active 42 DOM
8. 2026-06-12
   days on market $129,000 Active 41 DOM
9. 2026-06-09
   days on market $129,000 Active 38 DOM
10. 2026-06-08
    days on market $129,000 Active 37 DOM
11. 2026-06-07
    days on market $129,000 Active 36 DOM
12. 2026-06-07
    days on market $129,000 Active 35 DOM
13. 2026-06-04
    days on market $129,000 Active 32 DOM
14. 2026-06-02
    days on market $129,000 Active 31 DOM
15. 2026-06-01
    days on market $129,000 Active 30 DOM
16. 2026-05-31
    days on market $129,000 Active 29 DOM
17. 2026-05-31
    days on market $129,000 Active 28 DOM
18. 2026-05-16
    status Active
19. 2026-04-20
    status Pending
20. 2026-04-06
    listed $129,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VT · Partial reset (capped growth)

• Current annual tax: $1,494 · $125/mo
• Projected year-2 tax: $1,973 · $164/mo
• Expected delta: +$478/yr (+$40/mo · 32.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone A · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥88°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $15,350
• − Mortgage interest: −$7,226
• − Property taxes: −$1,494
• − Insurance: −$4,410
• − Repairs & maintenance: −$1,228
• − Management: −$1,228
• − Depreciation: −$3,753
• Taxable loss: −$3,989
• Est. tax savings @ 24.0%: +$957
• After-tax cash flow: $-938/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)

No district data.

Livability — Corinth

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

Census & demographics

• Population (ZIP): 987

Population outlook (Orange County) Hauer SSP2

• Today (2025): 28,186 people
• By 2030: 27,359 · -2.9%
• By 2040: 25,221 · -10.5%
• By 2050: 23,023 · -18.3%
• By 2075: 18,621 · -33.9%
• By 2100: 14,477 · -48.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Slovak 14% Lithuanian 10% Serbian 2%
• Foreign-born: 1%

Political lean MEDSL · Orange

• 2024 margin: Strong D (+20.2) · D 58.3% · R 38.1% · Other 3.6%
• 2008→2024 swing: -11.1pp toward R · 2008: 31.3pp · 2024: 20.2pp
• All cycles: 2024: D+20.2 2020: D+24.1 2016: D+18.8 2012: D+32.1 2008: D+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.33%
• Current HPI: 135.6372
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

3 events — show timeline

• 2026-05-16 Relisted — PrimeMLS
• 2026-04-20 Pending — PrimeMLS
• 2026-04-06 Listed $129,000 PrimeMLS

Property tax history

+16.8%/yr

Latest (2024): $1,494 · -6.4% YoY. Source: county tax records.