3499 Woodward Ave · Wantagh, NY 11793

$750,000

4 bd · 1.0 ba · 2,102 sqft · SingleFamily public records · 7 Days on market

Built 1937 8,755 sqft lot Est $877k · 14% under

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Why this score? — see what drove the D+ 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 +14.0/15.0
• Cash flow +11.9/30.0
• Schools +7.0/10.0
• Livability +4.2/5.0
• DSCR +3.5/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

YOUR REWARD AWAITS HERE ON WOODWARD! Welcome to 3499 Woodward Avenue — a spacious home with tremendous potential in one of Wantagh’s most desirable neighborhoods. Set on a large corner property and nestled on a picturesque tree-lined street, this 4-bedroom, 2-full bath offers exceptional space, character, and the chance to create the home of your dreams. The home's curb appeal is enhanced by a covered front porch, carport and circular driveway. The living room is anchored by a cozy gas fireplace, while the dining room features oversized bay windows, a chandelier, and a split-unit system. The kitchen is equipped with stainless steel appliances, including an electric oven and ref

Key facts

• Covered front porch
• Large skylight
• Circular driveway

Tags

• LARGE CORNER PROPERTY
• COVERED FRONT PORCH
• CIRCULAR DRIVEWAY
• OVERSIZED BAY WINDOWS
• STAINLESS STEEL APPLIANCES
• LARGE SKYLIGHT

Property features AI

Exterior

• Parking: Covered carport (2 spaces); Driveway
• Security: Security system
• Utilities: Public sewer; Water available and connected; Electricity available and connected; Sewer available and connected; Public trash collection
• Home design: Single family residence; Multi/split levels
• Construction: Frame construction
• Exterior features: Corner lot; Carport(s); Covered porch

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Oven; Refrigerator
• Bedrooms: Includes a bedroom on the first floor
• Flooring: Combination of flooring types; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Oil heating; Ductless cooling
• Interior features: First-floor bedroom; First-floor full bathroom; Ceiling fans; Chandelier; Formal dining room; Bay windows; Skylights; Covered porch
• Laundry & utility: Washer hookup; Electric dryer hookup; Additional laundry setup (other)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $750k.

Deal economics

• At list price, monthly cash flow is $-187 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $717k (4.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $570k (24.0% below list).
• Recommended offer: $570k (24.0% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 1.9% in Wantagh — 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 84/100 on livability (#56 in NY, #816 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: cost of living F.
• Wantagh Union Free School District (suburban): math 73% / reading 77% proficiency, ranked #55 of 590 in NY (top 9%) — strong family-tenant draw, lease renewals of 3-5y typical; only 3% free/reduced lunch — higher-income household profile.
• Zoned schools: Wantagh School (math 67% / reading 72%, grade A-, #447 of 2,108 statewide, top 24%, 683 students, 8% FRL); Wantagh Middle School (math 58% / reading 64%, grade B+, #150 of 729 statewide, top 21%, 682 students, 8% FRL); Wantagh Senior High School (math 97% / reading 96%, grade A+, #56 of 1,100 statewide, top 5%, 836 students, 10% FRL).
• Market conditions: 121 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $22k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 7 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.
• Climate carrying-cost: major wind risk, 75% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $569,687 (24.0% 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 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 A-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. 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?
6. 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.
7. 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.
8. 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: 0.76% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.07%
• DSCR: 0.95
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $876,534
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1991 Oakland Ave	0.05mi	5/3.0 (+1)	1,990 (-5%)	6mo	$775,000	$389	70
1769 Jane St	0.51mi	4/2.0	2,192 (+4%)	3mo	$987,000	$450	63
3462 Ella Rd	0.66mi	4/2.5	2,038 (-3%)	5mo	$830,000	$407	54
2333 Beech St	0.63mi	5/2.0 (+1)	2,000 (-5%)	1mo	$800,000	$400	53
1630 Temple Dr	0.72mi	4/2.0	1,957 (-7%)	7mo	$865,000	$442	45
2162 Fir St	0.36mi	5/2.0 (+1)	1,820 (-13%)	10mo	$855,000	$470	43
2296 Hampton Ave	0.71mi	4/2.0	1,906 (-9%)	7mo	$795,000	$417	41
3861 Hickory St	0.69mi	3/2.5 (-1)	2,220 (+6%)	8mo	$763,000	$344	41
3388 Maplewood Dr	0.42mi	3/2.0 (-1)	1,815 (-14%)	9mo	$751,001	$414	41
3805 Mansfield Dr	0.65mi	5/2.0 (+1)	1,926 (-8%)	9mo	$890,000	$462	39
3832 Hickory St	0.65mi	5/4.0 (+1)	2,244 (+7%)	8mo	$950,000	$423	35
3608 Tonopah St	0.65mi	4/3.5	2,382 (+13%)	5mo	$950,000	$399	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -18.1%
• Equity multiple: 0.36×
• Total profit: $-133,654
• Equity at exit: $111,827

10-year hold

• IRR: -10.4%
• Equity multiple: 0.37×
• Total profit: $-132,599
• Equity at exit: $64,846

Cash invested: $210,000 (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 11793

• Active inventory: 121
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $5,697 medium
• Mortgage (P&I): −$3,933
• Tax from tax record: −$442 /mo · $5,302/yr
• Insurance: −$312
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,196
• Net cashflow: $-187

Break-even live

Break-even rent $5,933

Max offer price $716,985

Occupancy floor 98%

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: $187,500
• Closing costs: $22,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3883 Franklin Ave Seaford, NY	4.0	2.0	1593	$5,500	$3.45	44d	1	0.86mi
4025 Boston Ave Seaford, NY	4.0	2.5	2658	$6,000	$2.26	1d	1	1.37mi

Listing history 7 events

1. 2026-06-18
   days on market $750,000 Active 7 DOM
2. 2026-06-17
   days on market $750,000 Active 6 DOM
3. 2026-06-16
   days on market $750,000 Active 5 DOM
4. 2026-06-15
   days on market $750,000 Active 4 DOM
5. 2026-06-13
   days on market $750,000 Active 2 DOM
6. 2026-06-12
   remarks 687-char remark
7. 2026-06-12
   listed $750,000 Active 1 DOM

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,302 · $442/mo
• Projected year-2 tax: $8,989 · $749/mo
• Expected delta: +$3,686/yr (+$307/mo · 69.5%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 75% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $68,362
• − Mortgage interest: −$42,012
• − Property taxes: −$5,302
• − Insurance: −$3,750
• − Repairs & maintenance: −$5,469
• − Management: −$5,469
• − Depreciation: −$21,818
• Taxable loss: −$15,457
• Est. tax savings @ 24.0%: +$3,710
• After-tax cash flow: $1,467/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: Wantagh Union Free School District
• NCES district ID: 3629850
• Math proficiency: 73% ▼ -10.00%
• Reading proficiency: 77% ▲ 5.00%
• Median HH income: $121,758
• Composite: 70.36/100
• National rank: #270
• State rank: #55 of 590 in NY

Livability — Wantagh

• Score: 84/100
• State rank: #56
• US rank: #816

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wantagh, NY
• City population: 31,497
• Population (ZIP): 31,497

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 11% Two or more races 8% Asian 3% Black 1%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 4% Scotch-Irish 3% Portuguese 1%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 88% English-only · Spanish 5% Other Indo-European 4% Chinese 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -842.25%
• Current HPI: 299.9785
• 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

1 event — show timeline

• 2026-06-11 Listed $750,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

-4.3%/yr

Latest (2024): $5,302 · -48.7% YoY. Source: county tax records.