1206 Irene · Baldwin, PA 15236

$219,900

4 bd · 2.0 ba · 1,484 sqft · SingleFamily public records · 52 Days on market

Built 1960 8,712 sqft lot $148/sqft · 17% below area Est $265k · 17% under ↓ 4% 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).

• ARV discount +15.0/15.0
• Cash flow +7.5/30.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4 Bedroom home sits on a private cal-de-sac and is a great starter home or investment property. Ready to live in as is, or come do some cosmetic updates to make it your own! Complete with 2 full bathrooms and a half bath. Property benefits include large deck in the rear, hardwood floors throughout and a spacious finished game room - great for entertainment! Additional work area underneath the garage for additional workspace.

Key facts

• 8,712 sq ft lot
• Garage
• Built 1960

Property features AI

Exterior

• Parking: Attached garage
• Utilities: Public water; Public sewer
• Home design: 2-story residence; Resale property
• Construction: Asphalt roof
• Exterior features: Brick and vinyl siding exterior; Lot dimensions approximately 63 x 121 x 60 x 117

Interior

• Flooring: Hardwood
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Finished basement; Hardwood floors; Living room fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-275 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $171k (22.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (21.4% below list).
• Recommended offer: $171k (22.1% below list) — sets the bar for cash-flow.
• Cap rate 4.8% vs local median 3.5% in Baldwin — 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 81/100 on livability (#189 in PA, #1,596 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, employment A; Watch: schools D+, commute F.
• Baldwin-Whitehall SD (suburban): math 34% / reading 58% proficiency, ranked #246 of 539 in PA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.7%/yr); 115 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $171,361 (22.1% 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. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 0.79% ✗
• Cap rate: 4.79%
• Cash-on-cash: -5.36%
• DSCR: 0.76
• GRM: 10.6

CMA / ARV

• ARV (median comp): $264,946
• List price: $219,900
• Delta: -17.00%
• 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
3475 Bench Dr	0.11mi	3/2.0 (-1)	1,528 (+3%)	9mo	$275,000	$180	78
3914 Frederick St	0.52mi	3/2.0 (-1)	1,476 (-0%)	2mo	$309,900	$210	69
1317 Cathell Rd	0.26mi	3/1.5 (-1)	1,426 (-4%)	11mo	$250,000	$175	66
1318 Cathell Rd	0.26mi	3/2.5 (-1)	1,350 (-9%)	2mo	$275,000	$204	64
3812 Louisa St	0.48mi	3/1.5 (-1)	1,443 (-3%)	3mo	$188,000	$130	64
27 Flora Rd	0.54mi	3/2.0 (-1)	1,433 (-3%)	1mo	$293,900	$205	64
3464 Pleasantvue Dr	0.39mi	3/2.0 (-1)	1,592 (+7%)	2mo	$280,000	$176	63
3883 Frederick St	0.57mi	4/3.0	1,610 (+8%)	6mo	$310,000	$193	51
1441 Cathell Rd	0.54mi	3/2.0 (-1)	1,611 (+9%)	8mo	$190,000	$118	49
33 Green Glen Dr	0.62mi	3/2.0 (-1)	1,369 (-8%)	20mo	$275,000	$201	36
3905 Frederick St	0.55mi	3/1.5 (-1)	1,288 (-13%)	12mo	$280,000	$217	35
3786 Louisa St	0.48mi	3/2.5 (-1)	1,660 (+12%)	21mo	$330,000	$199	33

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 · 5.74% rent growth · sell at horizon

5-year hold

• IRR: -22.1%
• Equity multiple: 0.22×
• Total profit: $-48,136
• Equity at exit: $32,788

10-year hold

• IRR: -10.1%
• Equity multiple: 0.31×
• Total profit: $-42,784
• Equity at exit: $19,013

Cash invested: $61,572 (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 15236

• Rents YoY: 5.7%
• Active inventory: 115
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,729 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$396 /mo · $4,751/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-275

Break-even live

Break-even rent $2,077

Max offer price $171,361

Occupancy floor —

Sensitivity live

Price	-10% $-150	-5% $-213	+0% $-275	+5% $-337	+10% $-399
Rent	-10% $-411	-5% $-343	+0% $-275	+5% $-206	+10% $-138
Rate	-1.0pp $-164	-0.5pp $-219	base $-275	+0.5pp $-332	+1.0pp $-390

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3341 Recker Dr Pittsburgh, PA	3.0	2.0	875	$1,790	$2.05	44d	1	0.98mi
3341 Recker Dr Pittsburgh, PA	3.0	2.0	1174	$1,750	$1.49	24d	1	0.98mi
1053 Edward Dr Pittsburgh, PA	3.0	1.0	1163	$1,700	$1.46	24d	1	1.43mi

Listing history 17 events

1. 2026-06-18
   days on market $219,900 Active 52 DOM
2. 2026-06-17
   days on market $219,900 Active 51 DOM
3. 2026-06-16
   days on market $219,900 Active 50 DOM
4. 2026-06-15
   days on market $219,900 Active 49 DOM
5. 2026-06-13
   days on market $219,900 Active 47 DOM
6. 2026-06-13
   days on market $219,900 Active 46 DOM
7. 2026-06-09
   days on market $219,900 Active 43 DOM
8. 2026-06-08
   days on market $219,900 Active 42 DOM
9. 2026-06-07
   days on market $219,900 Active 41 DOM
10. 2026-06-03
    days on market $219,900 Active 37 DOM
11. 2026-06-02
    days on market $219,900 Active 36 DOM
12. 2026-06-01
    days on market $219,900 Active 35 DOM
13. 2026-05-31
    days on market $219,900 Active 34 DOM
14. 2026-04-27
    listed $239,900 Active 28-char remark
15. 2024-01-02
    price $199,000 433-char remark

    Show marketing remark (433 chars)

    This 4 Bedroom home sits on a private cal-de-sac and is a great starter home or investment property. Ready to live in as is, or come do some cosmetic updates to make it your own! Complete with 2 full bathrooms and a half bath. Property benefits include large deck in the rear, hardwood floors throughout and a spacious finished game room - great for entertainment! Additional work area underneath the garage for additional workspace.

16. 2023-12-20
    price $209,000 433-char remark

    Show marketing remark (433 chars)

    This 4 Bedroom home sits on a private cal-de-sac and is a great starter home or investment property. Ready to live in as is, or come do some cosmetic updates to make it your own! Complete with 2 full bathrooms and a half bath. Property benefits include large deck in the rear, hardwood floors throughout and a spacious finished game room - great for entertainment! Additional work area underneath the garage for additional workspace.

17. 2023-12-11
    listed $229,000 Active 433-char remark

    Show marketing remark (433 chars)

    This 4 Bedroom home sits on a private cal-de-sac and is a great starter home or investment property. Ready to live in as is, or come do some cosmetic updates to make it your own! Complete with 2 full bathrooms and a half bath. Property benefits include large deck in the rear, hardwood floors throughout and a spacious finished game room - great for entertainment! Additional work area underneath the garage for additional workspace.

ⓘ 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: $4,751 · $396/mo
• Projected year-2 tax: $4,751 · $396/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,749
• − Mortgage interest: −$12,318
• − Property taxes: −$4,751
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$6,397
• Taxable loss: −$7,137
• Est. tax savings @ 24.0%: +$1,713
• After-tax cash flow: $-1,584/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: Baldwin-Whitehall SD
• NCES district ID: 4202970
• Math proficiency: 34% ▼ -20.00%
• Reading proficiency: 58% ▼ -14.00%
• Median HH income: $54,368
• Composite: 39.79/100
• National rank: #3880
• State rank: #246 of 539 in PA

Livability — Baldwin

• Score: 81/100
• State rank: #189
• US rank: #1596

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Baldwin, PA
• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 31,313
• Household income: $90,767
• Rent vs Own: 22.5% rent · 77.5% own
• Severe rent burden: 732.0

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 (83%)
• Race & ethnicity: White 83% Asian 9% Black 3% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 8% Scotch-Irish 1% Italian 1%
• Foreign-born: 11% · India, Canada
• Languages at home: 88% English-only · Other Indo-European 8% Spanish 1% Other Asian/Pacific 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: ▼ -194.15%
• Current HPI: 255.0278
• Rent YoY: ▲ 5.74%
• 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

-4.0% since first listed

5 events — show timeline

• 2026-05-30 Price Changed $219,900 West Penn MLS
• 2026-04-27 Listed $239,900 West Penn MLS
• 2024-01-02 Price Changed $199,000 West Penn MLS
• 2023-12-20 Price Changed $209,000 West Penn MLS
• 2023-12-11 Listed $229,000 West Penn MLS

Property tax history

+2.2%/yr

Latest (2026): $4,751 · +0.0% YoY. Source: county tax records.