506 E Moody Ave · New Castle, PA 16105

$72,000

3 bd · 1.0 ba · 1,314 sqft · SingleFamily public records · 83 Days on market

Built 1913 6,011 sqft lot $55/sqft · 27% below area Est $99k · 27% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has a lot of character and charm, especially with the oak woodwork, built-ins, pocket doors, and other vintage features! If you enjoy older homes with architectural details and have the time and budget for renovations, it could definitely be a great investment or fixer-upper opportunity. The home is selling "As-Is".

Key facts

• Pocket doors
• Vintage features
• Oak woodwork

Tags

• OAK WOODWORK
• BUILT-INS
• POCKET DOORS
• VINTAGE FEATURES
• ARCHITECTURAL DETAILS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $542 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $68k (6.0% below list) — sets the bar for market timing.
• Cap rate 15.3% vs local median 8.9% in New Castle — 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 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Harry W Lockley Early Learning Center (775 students, 100% FRL); New Castle Jhs (math 6% / reading 21%, grade F, #482 of 512 statewide, top 94%, 706 students, 100% FRL); New Castle Shs (math 47% / reading 30%, grade F, #280 of 437 statewide, top 64%, 771 students, 100% FRL) — zoned schools average 100% FRL vs 66% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 14% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the New Castle Area SD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 107 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $498 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask has dropped $13k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $49k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,680 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1913 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.91% ✓
• Cap rate: 15.32%
• Cash-on-cash: 32.24%
• DSCR: 2.43
• GRM: 4.4

CMA / ARV

• ARV (median comp): $98,834
• List price: $72,000
• Delta: -27.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 Laurel Blvd	0.08mi	3/1.0	1,401 (+7%)	3mo	$101,510	$72	83
902 Delaware Ave	0.02mi	3/1.0	1,188 (-10%)	2mo	$109,000	$92	81
228 E Sheridan Ave	0.46mi	3/1.5	1,288 (-2%)	2mo	$140,000	$109	72
142 E Garfield Ave	0.52mi	3/1.0	1,359 (+3%)	3mo	$150,000	$110	68
1013 Becker St	0.55mi	3/2.0	1,332 (+1%)	1mo	$140,000	$105	67
313 Norwood Ave	0.63mi	3/1.0	1,344 (+2%)	2mo	$147,000	$109	65
511 E Garfield Ave	0.27mi	3/2.0	1,142 (-13%)	2mo	$160,000	$140	60
212 E Garfield Ave	0.47mi	3/1.5	1,450 (+10%)	1mo	$103,200	$71	58
406 N Cascade St	0.70mi	2/1.5 (-1)	1,368 (+4%)	5mo	$38,000	$28	50
116 E Euclid Ave	0.66mi	3/1.0	1,481 (+13%)	2mo	$167,500	$113	47
229 E Euclid	0.53mi	4/1.5 (+1)	1,460 (+11%)	4mo	$189,900	$130	47
7 W Edison Ave	0.73mi	4/1.0 (+1)	1,144 (-13%)	1mo	$157,000	$137	39

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: 27.3%
• Equity multiple: 2.14×
• Total profit: $22,885
• Equity at exit: $10,735

10-year hold

• IRR: 34.9%
• Equity multiple: 4.20×
• Total profit: $64,556
• Equity at exit: $6,225

Cash invested: $20,160 (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 16105

• Home prices YoY: -26.5%
• Active inventory: 107
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,375 medium
• Mortgage (P&I): −$378
• Tax from tax record: −$137 /mo · $1,644/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $542

Break-even live

Break-even rent $689

Max offer price $72,000

Occupancy floor 56%

Sensitivity live

Price	-10% $582	-5% $562	+0% $542	+5% $521	+10% $501
Rent	-10% $433	-5% $487	+0% $542	+5% $596	+10% $650
Rate	-1.0pp $578	-0.5pp $560	base $542	+0.5pp $523	+1.0pp $504

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	45d	1	1.43mi

Listing history 30 events

1. 2026-06-21
   days on market $72,000 Active 83 DOM
2. 2026-06-19
   days on market $72,000 Active 81 DOM
3. 2026-06-18
   days on market $72,000 Active 80 DOM
4. 2026-06-17
   days on market $72,000 Active 79 DOM
5. 2026-06-16
   days on market $72,000 Active 78 DOM
6. 2026-06-15
   days on market $72,000 Active 77 DOM
7. 2026-06-14
   days on market $72,000 Active 75 DOM
8. 2026-06-12
   days on market $72,000 Active 74 DOM
9. 2026-06-09
   days on market $72,000 Active 71 DOM
10. 2026-06-08
    days on market $72,000 Active 70 DOM
11. 2026-06-07
    days on market $72,000 Active 69 DOM
12. 2026-06-03
    days on market $72,000 Active 65 DOM
13. 2026-06-02
    days on market $72,000 Active 64 DOM
14. 2026-06-01
    days on market $72,000 Active 63 DOM
15. 2026-05-31
    days on market $72,000 Active 62 DOM
16. 2026-05-30
    days on market $72,000 Active 61 DOM
17. 2026-05-16
    price $72,000 337-char remark

    Show marketing remark (337 chars)

    This home has a lot of character and charm, especially with the oak woodwork, built-ins, pocket doors, and other vintage features! If you enjoy older homes with architectural details and have the time and budget for renovations, it could definitely be a great investment or fixer-upper opportunity. The home is selling "As-Is".

18. 2026-04-17
    price $75,000 337-char remark

    Show marketing remark (337 chars)

    This home has a lot of character and charm, especially with the oak woodwork, built-ins, pocket doors, and other vintage features! If you enjoy older homes with architectural details and have the time and budget for renovations, it could definitely be a great investment or fixer-upper opportunity. The home is selling "As-Is".

19. 2026-04-12
    price $79,000 337-char remark

    Show marketing remark (337 chars)

    This home has a lot of character and charm, especially with the oak woodwork, built-ins, pocket doors, and other vintage features! If you enjoy older homes with architectural details and have the time and budget for renovations, it could definitely be a great investment or fixer-upper opportunity. The home is selling "As-Is".

20. 2026-03-26
    listed $85,000 Active 337-char remark

    Show marketing remark (337 chars)

    This home has a lot of character and charm, especially with the oak woodwork, built-ins, pocket doors, and other vintage features! If you enjoy older homes with architectural details and have the time and budget for renovations, it could definitely be a great investment or fixer-upper opportunity. The home is selling "As-Is".

21. 2020-03-18
    historical Expired 101-char remark

    Show marketing remark (101 chars)

    Great starter home or investment property. Large bedrooms, finished basement area, hardwood flooring.

22. 2019-03-19
    listed $49,900 Active 101-char remark

    Show marketing remark (101 chars)

    Great starter home or investment property. Large bedrooms, finished basement area, hardwood flooring.

23. 2017-11-27
    historical Expired
24. 2017-07-27
    price $49,500
25. 2017-05-27
    listed $55,000 Active
26. 2013-06-10
    soldstatus $49,000
27. 2013-03-21
    price $47,500
28. 2013-03-20
    soldstatus $49,000
29. 2012-04-29
    listed $49,000
30. 1994-03-07
    soldstatus $19,000

ⓘ 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: $1,644 · $137/mo
• Projected year-2 tax: $1,644 · $137/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,500
• − Mortgage interest: −$4,033
• − Property taxes: −$1,644
• − Insurance: −$360
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$2,095
• Taxable income: $5,729
• Est. tax owed @ 24.0%: −$1,375
• After-tax cash flow: $5,126/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• City population: 30,767
• Population (ZIP): 15,195

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Black 3% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Romanian 9% Serbian 3% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -62.26%
• Current HPI: 173.0332
• 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

+278.9% since first listed

14 events — show timeline

• 2026-05-16 Price Changed $72,000 West Penn MLS
• 2026-04-17 Price Changed $75,000 West Penn MLS
• 2026-04-12 Price Changed $79,000 West Penn MLS
• 2026-03-26 Listed $85,000 West Penn MLS
• 2020-03-18 Delisted — West Penn MLS
• 2019-03-19 Listed $49,900 West Penn MLS
• 2017-11-27 Delisted — West Penn MLS
• 2017-07-27 Price Changed $49,500 West Penn MLS
• 2017-05-27 Listed $55,000 West Penn MLS
• 2013-06-10 Sold (Public Records) $49,000 Public Records
• 2013-03-21 Price Changed $47,500 West Penn MLS
• 2013-03-20 Sold (MLS) $49,000 West Penn MLS
• 2012-04-29 Listed $49,000 West Penn MLS
• 1994-03-07 Sold (Public Records) $19,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,644 · -0.5% YoY. Source: county tax records.