342 Phillips St · Plymouth, PA 18706

$150,000

3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 69 Days on market

Built 1948 2,275 sqft lot $125/sqft · 7% below area Est $195k · 23% under

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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 +18.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• 1% rule +4.4/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3 bedroom, 1 bath home features an open floor plan, perfect for everyday living and entertaining. Enjoy a covered front porch and the convenience of off street parking. Minimal yard means low exterior maintenance. A great opportunity in a convenient location.

Key facts

• Covered front porch
• Open floor plan
• Off street parking

Tags

• OPEN FLOOR PLAN
• COVERED FRONT PORCH
• OFF STREET PARKING
• LOW MAINTENANCE BACKYARD
• CONVENIENT LOCATION

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 $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (6.1% below list).
• Recommended offer: $141k (6.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#1,068 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: employment D, crime F, amenities F.
• Hanover Area SD (suburban): math 19% / reading 25% proficiency, ranked #484 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 81 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $42k; list at $150k implies a 261% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,906 (6.1% below list)

Questions for the listing agent

1. It's been on market 69 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 1948 — 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. 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?
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: 0.94% ✗
• Cap rate: 7.45%
• Cash-on-cash: 4.12%
• DSCR: 1.18
• GRM: 8.9

CMA / ARV

• ARV (median comp): $195,314
• List price: $150,000
• Delta: -23.20%
• 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
588 Shawnee St	0.18mi	3/1.0	1,216 (+1%)	2mo	$170,000	$140	88
333 Lyndwood Ave	0.03mi	3/2.0	1,200 (-0%)	12mo	$199,900	$167	84
192 Phillips St	0.28mi	3/1.0	1,264 (+5%)	2mo	$150,500	$119	77
300 Colley St	0.13mi	3/1.0	1,116 (-7%)	13mo	$157,000	$141	71
40 Kniffen St	0.21mi	3/2.0	1,265 (+5%)	9mo	$225,000	$178	71
42 Garrahan St	0.09mi	2/1.0 (-1)	1,120 (-7%)	11mo	$206,700	$185	70
82 Lyndwood Ave	0.51mi	3/1.0	1,200 (-0%)	10mo	$207,000	$173	68
45 Ferry St	0.66mi	3/1.0	1,135 (-6%)	8mo	$65,000	$57	53
154 Red Fox Ln	0.61mi	2/2.5 (-1)	1,224 (+2%)	8mo	$172,000	$141	51
400 Beade St	0.62mi	3/2.0	1,104 (-8%)	4mo	$135,000	$122	50
12 Grandview Ave	0.56mi	3/1.0	1,300 (+8%)	13mo	$250,000	$192	49
2 Pulaski St	0.74mi	2/1.0 (-1)	1,100 (-9%)	11mo	$164,900	$150	37

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: -9.9%
• Equity multiple: 0.64×
• Total profit: $-15,141
• Equity at exit: $22,365

10-year hold

• IRR: -0.5%
• Equity multiple: 0.97×
• Total profit: $-1,440
• Equity at exit: $12,969

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 18706

• Active inventory: 81
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,409 high
• Mortgage (P&I): −$787
• Tax from tax record: −$120 /mo · $1,438/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $144

Break-even live

Break-even rent $1,227

Max offer price $150,000

Occupancy floor 85%

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: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
617 Fellows Ave Wilkes-Barre, PA	4.0	1.0	1100	$1,395	$1.27	14d	1	0.17mi
1259 Sively St Wilkes-Barre, PA	3.0	1.0	1232	$1,550	$1.26	44d	1	0.75mi
75 Oxford St Hanover Township, PA	2.0	1.0	900	$950	$1.06	14d	1	0.85mi
13 Woodbury St Hanover Township, PA	2.0	1.0	1000	$1,100	$1.10	44d	1	0.91mi
1321 S Main St Hanover Township, PA	2.0	1.0	800	$1,095	$1.37	44d	1	0.97mi
27 Oak St Wilkes Barre, PA	3.0	1.5	1500	$1,700	$1.13	44d	1	0.97mi
342 Horton St Wilkes Barre, PA	3.0	1.5	1472	$1,650	$1.12	14d	1	1.02mi
241 Gould St Plymouth, PA	2.0	1.0	985	$1,150	$1.17	21d	1	1.04mi
48 E Shawnee Ave Plymouth, PA	3.0	1.0	1500	$1,250	$0.83	14d	1	1.05mi
129 Carlisle St Wilkes Barre, PA	2.0	1.0	1005	$1,200	$1.19	14d	1	1.11mi
284 Barney St Wilkes Barre, PA	3.0	1.0	1070	$1,600	$1.50	44d	1	1.15mi
216 Horton St Wilkes Barre, PA	3.0	1.5	1475	$1,575	$1.07	44d	1	1.15mi
210-212 Center Ave Plymouth, PA	3.0	1.0	1300	$1,200	$0.92	44d	1	1.15mi
68 Circle Dr Hanover Township, PA	3.0	1.5	950	$1,800	$1.89	14d	1	1.17mi
338 W Shawnee Ave Plymouth, PA	2.0	1.5	945	$1,550	$1.64	14d	1	1.26mi
202 S Nesbitt St Unit 206 B Larksville, PA	3.0	1.0	1100	$1,500	$1.36	44d	1	1.26mi
546 W Main St Plymouth, PA	2.0	1.0	750	$1,150	$1.53	21d	1	1.30mi
52 Diamond Ave Hanover Township, PA	2.0	1.0	820	$925	$1.13	21d	1	1.33mi
29 Franklin St Plymouth, PA	3.0	1.0	1426	$1,800	$1.26	14d	1	1.39mi
156 Hanover St Wilkes Barre, PA	3.0	1.0	850	$1,300	$1.53	14d	1	1.40mi
75 Melrose Ave Apt 2 Wilkes-Barre, PA	2.0	1.0	1150	$1,250	$1.09	44d	1	1.43mi
72 Franklin St Plymouth, PA	2.0	1.0	750	$1,175	$1.57	14d	1	1.43mi
134 Blair St Plymouth, PA	3.0	1.0	1300	$1,300	$1.00	21d	1	1.44mi
92 Diamond Ave Hanover Township, PA	3.0	1.0	1150	$1,400	$1.22	44d	1	1.46mi
100-102 Westminster St Wilkes-Barre, PA	2.0	1.0	1200	$1,150	$0.96	21d	1	1.47mi
100-102 Westminster St Wilkes-Barre, PA	2.0	1.0	1100	$1,150	$1.05	14d	1	1.47mi
100 Westminster St Wilkes Barre, PA	4.0	1.0	1150	$1,400	$1.22	14d	1	1.48mi

Listing history 4 events

1. 2026-03-20
   listed $150,000 Active 268-char remark

   Show marketing remark (268 chars)

   Charming 3 bedroom, 1 bath home features an open floor plan, perfect for everyday living and entertaining. Enjoy a covered front porch and the convenience of off street parking. Minimal yard means low exterior maintenance. A great opportunity in a convenient location.

2. 2015-05-26
   soldstatus $41,500
3. 2015-05-22
   soldstatus $41,500 261-char remark

   Show marketing remark (261 chars)

   What are you waiting for?? This is a GREAT little house!! Modern and efficient with newly remodeled rooms, new furnace, gas dryer and stove. Live in with an easy budget or build your rental portfolio. Either way its a win situation!! Call Whitney 570-417-1216

4. 2014-10-09
   listed $47,500 261-char remark

   Show marketing remark (261 chars)

   What are you waiting for?? This is a GREAT little house!! Modern and efficient with newly remodeled rooms, new furnace, gas dryer and stove. Live in with an easy budget or build your rental portfolio. Either way its a win situation!! Call Whitney 570-417-1216

ⓘ 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: $1,438 · $120/mo
• Projected year-2 tax: $1,904 · $159/mo
• Expected delta: +$466/yr (+$39/mo · 32.4%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X · 27% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,909
• − Mortgage interest: −$8,402
• − Property taxes: −$1,438
• − Insurance: −$750
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$4,364
• Taxable loss: −$751
• Est. tax savings @ 24.0%: +$180
• After-tax cash flow: $1,911/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: Hanover Area SD
• NCES district ID: 4211420
• Math proficiency: 19% ▼ -3.00%
• Reading proficiency: 25% ▼ -21.00%
• Median HH income: $40,015
• Composite: 18.6/100
• National rank: #8903
• State rank: #484 of 539 in PA

Livability — Plymouth

• Score: 66/100
• State rank: #1068
• US rank: #12056

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Luzerne County · 118,885 people
• City population: 56,443
• Metro: Scranton--Wilkes-Barre, PA
• Population (ZIP): 16,387
• Household income: $58,558
• Rent vs Own: 33.7% rent · 66.3% own
• Severe rent burden: 568.0

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 11% Black 3%
• Hispanic origin (detail): Puerto Rican 9% Dominican 4%
• Common ancestry: Romanian 18% Scotch-Irish 3% Subsaharan African 1%
• Foreign-born: 6% · Canada
• Languages at home: 88% English-only · Spanish 10% Other Asian/Pacific 1%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.02%
• Current HPI: 196.19
• Rent YoY: —
• Metro: Scranton--Wilkes-Barre, 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

+215.8% since first listed

4 events — show timeline

• 2026-03-20 Listed $150,000 LCAR
• 2015-05-26 Sold (Public Records) $41,500 Public Records
• 2015-05-22 Sold (MLS) $41,500 LCAR
• 2014-10-09 Listed $47,500 LCAR

Property tax history

+0.8%/yr

Latest (2026): $1,438 · +0.3% YoY. Source: county tax records.