245 E 18th Ave · Homestead, PA 15120

$30,000

3 bd · 1.0 ba · 1,512 sqft · SingleFamily public records · 335 Days on market

Built 1885 2,191 sqft lot ↓ 29% since listing

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

Key facts

• Covered front porch
• Full renovation
• Fenced-in yard

Tags

• FENCED-IN YARD
• COVERED FRONT PORCH
• FULL RENOVATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $952 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#366 in PA, #3,204 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Steel Valley SD (suburban): math 29% / reading 45% proficiency, ranked #403 of 539 in PA (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Steel Valley Ms (math 17% / reading 38%, grade F, #399 of 512 statewide, top 79%, 404 students, 100% FRL); Steel Valley Shs (math 57%, 400 students, 88% FRL) — zoned schools average 94% FRL vs 57% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.1%/yr); 93 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 33% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 335 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y ago; this cycle's ask has dropped $10k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1885 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 335 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1885 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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?
9. 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.
10. 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.
11. 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: 5.10% ✓
• Cap rate: 44.38%
• Cash-on-cash: 136.04%
• DSCR: 7.05
• GRM: 1.6

CMA / ARV

• ARV (on-the-fly): $190,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
245 E 18th Ave	0.00mi	3/1.5	1,512 (0%)	1mo	$15,000	$10	97
600 E 14th Ave	0.16mi	3/2.0	1,472 (-3%)	0mo	$229,007	$156	84
238 E 19th	0.08mi	3/1.5	1,600 (+6%)	3mo	$45,000	$28	82
1415 Margaret St	0.14mi	3/1.0	1,628 (+8%)	1mo	$25,000	$15	80
230 E 15th Ave	0.16mi	3/1.0	1,417 (-6%)	2mo	$25,000	$18	80
30 Harrison St	0.49mi	3/1.0	1,440 (-5%)	1mo	$112,500	$78	68
144 W Schwab Ave	0.61mi	4/1.5 (+1)	1,540 (+2%)	3mo	$150,000	$97	59
253 Vine St	0.46mi	3/1.5	1,336 (-12%)	2mo	$168,841	$126	55
145 Marham Rd	0.65mi	4/2.0 (+1)	1,488 (-2%)	3mo	$235,000	$158	55
127 Marham Rd	0.66mi	3/2.5	1,579 (+4%)	4mo	$220,000	$139	53
230 W Schwab Ave	0.46mi	3/2.0	1,312 (-13%)	2mo	$238,000	$181	51
3430 Lynnwood Dr	0.71mi	3/2.0	1,357 (-10%)	2mo	$295,000	$217	44

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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.84×
• Total profit: $57,492
• Equity at exit: $4,473

10-year hold

• IRR: —
• Equity multiple: 17.11×
• Total profit: $135,297
• Equity at exit: $2,594

Cash invested: $8,400 (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 15120

• Home prices YoY: -16.9%
• Rents YoY: 4.1%
• Active inventory: 93
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,531 high
• Mortgage (P&I): −$157
• Tax from tax record: −$88 /mo · $1,050/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $952

Break-even live

Break-even rent $326

Max offer price $30,000

Occupancy floor 33%

Sensitivity live

Price	-10% $969	-5% $961	+0% $952	+5% $944	+10% $935
Rent	-10% $831	-5% $892	+0% $952	+5% $1,013	+10% $1,073
Rate	-1.0pp $967	-0.5pp $960	base $952	+0.5pp $944	+1.0pp $937

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
623 E 18th Ave Homestead, PA	2.0	1.0	1156	$1,600	$1.38	45d	1	0.11mi
300 W 13th Ave Unit 302 Homestead, PA	2.0	1.0	1088	$1,150	$1.06	18d	1	0.43mi
300 W 13th Ave Homestead, PA	2.0	1.0	1088	$1,125	$1.03	18d	1	0.43mi
621 E 9th Ave Homestead, PA	2.0	2.0	1400	$1,425	$1.02	25d	1	0.45mi
931 Hilltop St Homestead, PA	3.0	1.5	1312	$1,500	$1.14	16d	1	0.59mi
218 Mary St Homestead, PA	3.0	1.0	1776	$1,400	$0.79	23d	1	0.68mi
308 Lea St Homestead, PA	4.0	2.0	1480	$1,490	$1.01	4d	1	0.77mi
1254 Edgewood Dr Homestead, PA	3.0	1.0	1144	$1,725	$1.51	45d	1	0.79mi
3305 W Run Rd Munhall, PA	2.0	1.0	1100	$1,365	$1.24	25d	1	0.97mi
7009 Church St Pittsburgh, PA	3.0	2.0	1800	$1,550	$0.86	45d	1	1.28mi
212 Kenmawr Ave Braddock, PA	2.0	1.5	1417	$1,300	$0.92	45d	1	1.43mi

Listing history 24 events

1. 2026-04-16
   status Pending
2. 2025-12-18
   price $30,000
3. 2025-05-16
   listed $40,000 Active
4. 2024-06-20
   soldstatus $32,807
5. 2021-06-26
   price $45,000 203-char remark

   Show marketing remark (203 chars)

   Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

6. 2021-06-25
   price $55,000 203-char remark

   Show marketing remark (203 chars)

   Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

7. 2021-06-18
   price $80,000 203-char remark

   Show marketing remark (203 chars)

   Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

8. 2021-06-13
   price $90,000 203-char remark

   Show marketing remark (203 chars)

   Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

9. 2021-06-07
   price $115,000 203-char remark

   Show marketing remark (203 chars)

   Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

10. 2021-03-11
    listed $165,000 Active 203-char remark

    Show marketing remark (203 chars)

    Welcome to this charming property in Homestead. This home includes a adjacent parcel which adds extra room for gardening, playing and outdoor fun. Walking distance from Barret Elementary and local parks.

11. 2021-01-21
    listed $65,000 Active 203-char remark

    Show marketing remark (203 chars)

    Welcome to this charming investment in Homestead. This home includes the adjacent parcel and adds extra room for gardening, playing and outdoor fun. Walking distance to Barret Elementary and local parks.

12. 2019-06-24
    historical Expired
13. 2019-05-31
    historical Contingent
14. 2019-02-11
    price $30,000
15. 2019-01-31
    price $39,900
16. 2019-01-14
    listed $44,900 Active
17. 2007-03-30
    soldstatus $16,500
18. 2006-11-03
    listed $18,500
19. 2004-07-01
    soldstatus $50,000
20. 2004-06-28
    soldstatus $50,000
21. 2003-07-23
    listed $52,500
22. 2001-07-25
    soldstatus $35,000
23. 2001-07-20
    soldstatus $35,000
24. 2001-05-25
    listed $42,000

ⓘ 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: $1,050 · $88/mo
• Projected year-2 tax: $1,050 · $88/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 4/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,374
• − Mortgage interest: −$1,680
• − Property taxes: −$1,050
• − Insurance: −$150
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$873
• Taxable income: $11,680
• Est. tax owed @ 24.0%: −$2,803
• After-tax cash flow: $8,624/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: Steel Valley SD
• NCES district ID: 4222790
• Math proficiency: 29% ▼ -1.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $39,505
• Composite: 30.94/100
• National rank: #6111
• State rank: #403 of 539 in PA

Livability — Homestead

• Score: 77/100
• State rank: #366
• US rank: #3204

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homestead, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 18,029
• Household income: $55,714
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 669.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 3% · South Korea, Canada
• Languages at home: 95% English-only · Spanish 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.52%
• Current HPI: 292.5607
• Rent YoY: ▲ 4.06%
• Metro: Pittsburgh, PA
• 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

-28.6% since first listed

24 events — show timeline

• 2026-04-16 Pending — West Penn MLS
• 2025-12-18 Price Changed $30,000 West Penn MLS
• 2025-05-16 Listed $40,000 West Penn MLS
• 2024-06-20 Sold (Public Records) $32,807 Public Records
• 2021-06-26 Price Changed $45,000 West Penn MLS
• 2021-06-25 Price Changed $55,000 West Penn MLS
• 2021-06-18 Price Changed $80,000 West Penn MLS
• 2021-06-13 Price Changed $90,000 West Penn MLS
• 2021-06-07 Price Changed $115,000 West Penn MLS
• 2021-03-11 Listed $165,000 West Penn MLS
• 2021-01-21 Listed $65,000 West Penn MLS
• 2019-06-24 Delisted — West Penn MLS
• 2019-05-31 Contingent — West Penn MLS
• 2019-02-11 Price Changed $30,000 West Penn MLS
• 2019-01-31 Price Changed $39,900 West Penn MLS
• 2019-01-14 Listed $44,900 West Penn MLS
• 2007-03-30 Sold (MLS) $16,500 West Penn MLS
• 2006-11-03 Listed $18,500 West Penn MLS
• 2004-07-01 Sold (Public Records) $50,000 Public Records
• 2004-06-28 Sold (MLS) $50,000 West Penn MLS
• 2003-07-23 Listed $52,500 West Penn MLS
• 2001-07-25 Sold (Public Records) $35,000 Public Records
• 2001-07-20 Sold (MLS) $35,000 West Penn MLS
• 2001-05-25 Listed $42,000 West Penn MLS

Property tax history

+2.7%/yr

Latest (2025): $1,050 · +7.8% YoY. Source: county tax records.