457 Cove St · Everett, PA 15537

$150,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 5 Days on market

Built 1970 0.31 ac lot $8/mo HOA · 1% of rent

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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 +19.1/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +4.2/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Hard to find cottage located along the Raystown Branch of the Juniata River! The cottage features three bedrooms, one bathroom, living room with brick fireplace, kitchen, dining area, and a bonus room. Outside, you'll find a spacious yard ideal for relaxing or entertaining, along with a covered screened porch and two storage sheds for added storage. Most interior furnishings, exterior items, and shed contents are included in the sale, offering a move-in-ready, turnkey opportunity for immediate enjoyment.

Key facts

• Spacious yard
• Brick fireplace
• Move-in-ready

Tags

• BRICK FIREPLACE
• SPACIOUS YARD
• COVERED SCREENED PORCH
• TWO STORAGE SHEDS
• MOVE-IN-READY
• TURNKEY OPPORTUNITY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-267 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $103k (31.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (7.5% below list).
• Recommended offer: $103k (31.4% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 68/100 on livability (#906 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: amenities F, commute F, employment F.
• Everett Area SD (rural): math 32% / reading 52% proficiency, ranked #337 of 539 in PA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Everett Area El Sch (math 31% / reading 53%, grade F, #883 of 1,518 statewide, top 61%, 435 students, 100% FRL); Everett Area Ms (math 18% / reading 48%, grade F, #346 of 512 statewide, top 69%, 293 students, 56% FRL); Everett Area Hs (math 72% / reading 75%, grade B+, #33 of 437 statewide, top 7%, 360 students, 35% FRL) — zoned schools average 64% FRL vs 46% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 62 active listings in the ZIP; 54 units permitted in Bedford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Bedford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y 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 $35k; list at $150k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,893 (31.4% 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.92% ✗
• Cap rate: 7.57%
• Cash-on-cash: 4.57%
• DSCR: 1.20
• 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: 19.0%
• Equity multiple: 2.55×
• Total profit: $64,932
• Equity at exit: $135,132

10-year hold

• IRR: 17.6%
• Equity multiple: 5.88×
• Total profit: $205,009
• Equity at exit: $291,417

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Pennsylvania: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

10-day notice; Philadelphia has eviction-court diversion + some protections; otherwise moderate.

Methodology + full state rankings →

ZIP-level market 15537

• Home prices YoY: 17.3%
• Active inventory: 62
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,387 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$79 /mo · $949/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$8
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-267

Break-even live

Break-even rent $1,725

Max offer price $102,893

Occupancy floor —

Sensitivity live

Price	-10% $-182	-5% $-224	+0% $-267	+5% $-309	+10% $-352
Rent	-10% $-376	-5% $-321	+0% $-267	+5% $-212	+10% $-157
Rate	-1.0pp $-191	-0.5pp $-229	base $-267	+0.5pp $-306	+1.0pp $-345

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 8 events

1. 2026-04-27
   status Pending 509-char remark

   Show marketing remark (509 chars)

   Hard to find cottage located along the Raystown Branch of the Juniata River! The cottage features three bedrooms, one bathroom, living room with brick fireplace, kitchen, dining area, and a bonus room. Outside, you'll find a spacious yard ideal for relaxing or entertaining, along with a covered screened porch and two storage sheds for added storage. Most interior furnishings, exterior items, and shed contents are included in the sale, offering a move-in-ready, turnkey opportunity for immediate enjoyment.

2. 2026-04-27
   status Pending

   Show marketing remark (509 chars)

   Hard to find cottage located along the Raystown Branch of the Juniata River! The cottage features three bedrooms, one bathroom, living room with brick fireplace, kitchen, dining area, and a bonus room. Outside, you'll find a spacious yard ideal for relaxing or entertaining, along with a covered screened porch and two storage sheds for added storage. Most interior furnishings, exterior items, and shed contents are included in the sale, offering a move-in-ready, turnkey opportunity for immediate enjoyment.

3. 2026-04-22
   listed $150,000 Active 509-char remark

   Show marketing remark (509 chars)

   Hard to find cottage located along the Raystown Branch of the Juniata River! The cottage features three bedrooms, one bathroom, living room with brick fireplace, kitchen, dining area, and a bonus room. Outside, you'll find a spacious yard ideal for relaxing or entertaining, along with a covered screened porch and two storage sheds for added storage. Most interior furnishings, exterior items, and shed contents are included in the sale, offering a move-in-ready, turnkey opportunity for immediate enjoyment.

4. 2026-04-22
   listed $150,000 Active

   Show marketing remark (509 chars)

   Hard to find cottage located along the Raystown Branch of the Juniata River! The cottage features three bedrooms, one bathroom, living room with brick fireplace, kitchen, dining area, and a bonus room. Outside, you'll find a spacious yard ideal for relaxing or entertaining, along with a covered screened porch and two storage sheds for added storage. Most interior furnishings, exterior items, and shed contents are included in the sale, offering a move-in-ready, turnkey opportunity for immediate enjoyment.

5. 2010-02-12
   soldstatus $35,000 276-char remark

   Show marketing remark (276 chars)

   Roomy cottage along Juniata River, Raystown Branch, with beautiful river views, open floor plan, 3BR, vaulted ceilings. All knotty pine paneling. Rear porch facing river, fishing, boating, swiming. Great vacation rental potential, easy-care property. Large 14x24 storage shed.

6. 2010-01-26
   soldstatus $35,000
7. 2010-01-04
   listed $38,900 276-char remark

   Show marketing remark (276 chars)

   Roomy cottage along Juniata River, Raystown Branch, with beautiful river views, open floor plan, 3BR, vaulted ceilings. All knotty pine paneling. Rear porch facing river, fishing, boating, swiming. Great vacation rental potential, easy-care property. Large 14x24 storage shed.

8. 2002-11-26
   soldstatus $62,000

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

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $949 · $79/mo
• Projected year-2 tax: $1,659 · $138/mo
• Expected delta: +$711/yr (+$59/mo · 74.9%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,649
• − Mortgage interest: −$8,402
• − Property taxes: −$949
• − Insurance: −$5,868
• − Repairs & maintenance: −$1,332
• − Management: −$1,332
• − HOA: −$96
• − Depreciation: −$4,364
• Taxable loss: −$5,694
• Est. tax savings @ 24.0%: +$1,367
• After-tax cash flow: $-1,833/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: Everett Area SD
• NCES district ID: 4209360
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 52% ▼ -9.00%
• Median HH income: $41,322
• Composite: 35.24/100
• National rank: #4979
• State rank: #337 of 539 in PA

Livability — Everett

• Score: 68/100
• State rank: #906
• US rank: #9719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,272

Population outlook (Bedford County) Hauer SSP2

• Today (2025): 45,395 people
• By 2030: 43,353 · -4.5%
• By 2040: 38,858 · -14.4%
• By 2050: 34,162 · -24.7%
• By 2075: 24,868 · -45.2%
• By 2100: 16,910 · -62.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 6% Italian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Bedford

• 2024 margin: Solid R (+68.6) · D 15.4% · R 84.0%
• 2008→2024 swing: -23.8pp toward R · 2008: -44.8pp · 2024: -68.6pp
• All cycles: 2024: R+68.6 2020: R+67.7 2016: R+67.4 2012: R+54.9 2008: R+44.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 37.19%
• Current HPI: 252.292
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+141.9% since first listed

8 events — show timeline

• 2026-04-27 Pending — AHARMLS
• 2026-04-27 Pending — BRIGHT MLS
• 2026-04-22 Listed $150,000 BRIGHT MLS
• 2026-04-22 Listed $150,000 AHARMLS
• 2010-02-12 Sold (MLS) $35,000 AHARMLS
• 2010-01-26 Sold (Public Records) $35,000 Public Records
• 2010-01-04 Listed $38,900 AHARMLS
• 2002-11-26 Sold (Public Records) $62,000 Public Records

Property tax history

+1.1%/yr

Latest (2026): $949 · +5.9% YoY. Source: county tax records.