300 Locust St · Burnham, PA 17009

$150,000

3 bd · 1.0 ba · 1,181 sqft · Other public records

Built 1950 5,227 sqft lot

---

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 +27.2/30.0
• DSCR +9.5/10.0
• Appreciation +9.2/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

ATTENTION INVESTORS/FLIPPERS 3 bedroom, 1 bath rancher with large enclosed area for garage, workshop or finish for expanded living space. Some hardwood floors, oil furnace, 100 amp electric service, newer metal roof on main house, some replacement windows. Was tenant occupied until last month. Public water and sewer, corner lot. Needs repairs/updates and being sold "as-is" without any contingencies. Bring your contractor and make an offer.

Key facts

• 5,227 sq ft lot
• Parking
• Built 1950

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $430 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 72/100 on livability (#634 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Mifflin County SD (town): math 28% / reading 49% proficiency, ranked #380 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 14 active listings in the ZIP; 58 units permitted in Mifflin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($1k loan paydown + $12k appreciation (8.3% local appreciation)).
• Mifflin County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.3% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.
• Current owner paid $103k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.24% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.29%
• DSCR: 1.55
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.31% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.1%
• Equity multiple: 3.19×
• Total profit: $92,188
• Equity at exit: $117,121

10-year hold

• IRR: 26.8%
• Equity multiple: 6.89×
• Total profit: $247,360
• Equity at exit: $235,568

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 17009

• Home prices YoY: 3.5%
• Active inventory: 14
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,866 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$195 /mo · $2,342/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $430

Break-even live

Break-even rent $1,322

Max offer price $150,000

Occupancy floor 72%

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: —

Listing history 7 events

1. 2026-05-13
   listed $150,000
2. 2026-05-13
   historical
3. 2026-01-06
   soldstatus $103,050 Closed 453-char remark

   Show marketing remark (453 chars)

   ATTENTION INVESTORS/FLIPPERS 3 bedroom, 1 bath rancher with large enclosed area for garage, workshop or finish for expanded living space. Some hardwood floors, oil furnace, 100 amp electric service, newer metal roof on main house, some replacement windows. Was tenant occupied until last month. Public water and sewer, corner lot. Needs repairs/updates and being sold "as-is" without any contingencies. Bring your contractor and make an offer.

4. 2025-11-21
   status Pending 453-char remark

   Show marketing remark (453 chars)

   ATTENTION INVESTORS/FLIPPERS 3 bedroom, 1 bath rancher with large enclosed area for garage, workshop or finish for expanded living space. Some hardwood floors, oil furnace, 100 amp electric service, newer metal roof on main house, some replacement windows. Was tenant occupied until last month. Public water and sewer, corner lot. Needs repairs/updates and being sold "as-is" without any contingencies. Bring your contractor and make an offer.

5. 2025-11-14
   listed $99,900 Active 453-char remark

   Show marketing remark (453 chars)

   ATTENTION INVESTORS/FLIPPERS 3 bedroom, 1 bath rancher with large enclosed area for garage, workshop or finish for expanded living space. Some hardwood floors, oil furnace, 100 amp electric service, newer metal roof on main house, some replacement windows. Was tenant occupied until last month. Public water and sewer, corner lot. Needs repairs/updates and being sold "as-is" without any contingencies. Bring your contractor and make an offer.

6. 2011-03-07
   soldstatus $33,000
7. 1990-10-30
   soldstatus $44,500

ⓘ 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: $2,342 · $195/mo
• Projected year-2 tax: $2,356 · $196/mo
• Expected delta: +$14/yr (+$1/mo · 0.6%)

ⓘ 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 4/10 Moderate 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,395
• − Mortgage interest: −$8,402
• − Property taxes: −$2,342
• − Insurance: −$750
• − Repairs & maintenance: −$1,792
• − Management: −$1,792
• − Depreciation: −$4,364
• Taxable income: $2,954
• Est. tax owed @ 24.0%: −$709
• After-tax cash flow: $4,452/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: Mifflin County SD
• NCES district ID: 4215290
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 49% ▼ -9.00%
• Median HH income: $40,718
• Composite: 32.28/100
• National rank: #5755
• State rank: #380 of 539 in PA

Livability — Burnham

• Score: 72/100
• State rank: #634
• US rank: #6172

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burnham, PA
• City population: 2,804
• Population (ZIP): 1,682

Population outlook (Mifflin County) Hauer SSP2

• Today (2025): 44,611 people
• By 2030: 43,212 · -3.1%
• By 2040: 40,197 · -9.9%
• By 2050: 36,813 · -17.5%
• By 2075: 28,833 · -35.4%
• By 2100: 20,296 · -54.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Black 3%
• Common ancestry: Romanian 5% Iranian 3% Lithuanian 2%
• Foreign-born: 0% · Canada

Political lean MEDSL · Mifflin

• 2024 margin: Solid R (+56.4) · D 21.4% · R 77.9%
• 2008→2024 swing: -22.8pp toward R · 2008: -33.7pp · 2024: -56.4pp
• All cycles: 2024: R+56.4 2020: R+56.1 2016: R+57.5 2012: R+46.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.31%
• Current HPI: 249.4239
• 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

+237.1% since first listed

7 events — show timeline

• 2026-05-13 Listing Removed — BRIGHT MLS
• 2026-05-13 Listed $150,000 BRIGHT MLS
• 2026-01-06 Sold (MLS) $103,050 BRIGHT MLS
• 2025-11-21 Pending — BRIGHT MLS
• 2025-11-14 Listed $99,900 BRIGHT MLS
• 2011-03-07 Sold (Public Records) $33,000 Public Records
• 1990-10-30 Sold (Public Records) $44,500 Public Records

Property tax history

+1.2%/yr

Latest (2026): $2,342 · +0.0% YoY. Source: county tax records.