4015 Center Ave · Munhall, PA 15120

$149,900

4 bd · 1.5 ba · 1,715 sqft · SingleFamily public records · 28 Days on market

Built 1920 3,798 sqft lot Est $256k · 41% 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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +7.1/10.0
• 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

2 story brick with full covered front porch, 2 car detached garage and rear fenced yard. Livingroom features decorative stone fireplace.

Key facts

• Covered front porch
• Off street parking
• Fenced rear yard

Tags

• COVERED FRONT PORCH
• OFF STREET PARKING
• FENCED REAR YARD
• DECORATIVE STONE FIREPLACE
• MAIN ROOF JUST REPLACED

Property features AI

Exterior

• Parking: Off-street parking for 2 vehicles
• Utilities: Public water; Public sewer
• Home design: 2 stories; Resale property; Brick construction
• Construction: Brick exterior
• Exterior features: Public transportation access

Interior

• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Decorative fireplace (1); Basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $332 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 7.3% in Munhall — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#308 in PA, #2,734 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, amenities 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.
• Market conditions: Rents rising fast (+4.1%/yr); 92 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 39% 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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y 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 $47k; list at $150k implies a 219% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,651 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.21% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.48%
• DSCR: 1.42
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $255,535
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4635 Main St	0.39mi	4/2.5	1,760 (+3%)	6mo	$250,000	$142	69
3508 Cambria St	0.35mi	3/1.0 (-1)	1,600 (-7%)	3mo	$157,500	$98	63
517 Brierly Ln	0.43mi	3/2.5 (-1)	1,544 (-10%)	3mo	$279,900	$181	52
2806 Main St	0.67mi	4/2.0	1,869 (+9%)	0mo	$257,500	$138	52
4803 Aspen St	0.53mi	3/2.0 (-1)	1,541 (-10%)	3mo	$250,000	$162	49
252 Gates Dr	0.70mi	3/2.0 (-1)	1,780 (+4%)	7mo	$350,000	$197	48
4374 Homestead Duquesne Rd	0.54mi	3/2.5 (-1)	1,534 (-11%)	1mo	$218,000	$142	48
4839 Lougean Ave	0.62mi	3/2.5 (-1)	1,548 (-10%)	4mo	$225,000	$145	43
418 Diller Ave	0.59mi	3/2.0 (-1)	1,492 (-13%)	1mo	$255,000	$171	43
409 Victoria St	0.72mi	3/1.0 (-1)	1,545 (-10%)	1mo	$230,000	$149	42
127 Marham Rd	0.74mi	3/2.5 (-1)	1,579 (-8%)	4mo	$220,000	$139	40
145 Marham Rd	0.73mi	4/2.0	1,488 (-13%)	3mo	$235,000	$158	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 · 4.06% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,155
• Equity at exit: $22,351

10-year hold

• IRR: 10.1%
• Equity multiple: 1.83×
• Total profit: $34,649
• Equity at exit: $12,961

Cash invested: $41,972 (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: 92
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,813 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$252 /mo · $3,028/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $332

Break-even live

Break-even rent $1,394

Max offer price $149,900

Occupancy floor 77%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
218 Mary St Homestead, PA	3.0	1.0	1776	$1,400	$0.79	21d	1	0.88mi
308 Lea St Homestead, PA	4.0	2.0	1480	$1,490	$1.01	3d	1	0.88mi
1254 Edgewood Dr Homestead, PA	3.0	1.0	1144	$1,725	$1.51	43d	1	0.89mi
351 W 12th Ave Homestead, PA	5.0	2.0	1856	$2,300	$1.24	1d	1	1.39mi

Listing history 23 events

1. 2026-06-18
   days on market $149,900 Active 28 DOM
2. 2026-06-17
   days on market $149,900 Active 27 DOM
3. 2026-06-16
   days on market $149,900 Active 26 DOM
4. 2026-06-15
   days on market $149,900 Active 25 DOM
5. 2026-06-13
   days on market $149,900 Active 23 DOM
6. 2026-06-09
   days on market $149,900 Active 19 DOM
7. 2026-06-08
   days on market $149,900 Active 18 DOM
8. 2026-06-07
   days on market $149,900 Active 17 DOM
9. 2026-06-05
   days on market $149,900 Active 14 DOM
10. 2026-06-03
    days on market $149,900 Active 13 DOM
11. 2026-06-02
    days on market $149,900 Active 12 DOM
12. 2026-06-01
    days on market $149,900 Active 11 DOM
13. 2026-05-31
    days on market $149,900 Active 10 DOM
14. 2026-05-18
    listed $149,900 Active
15. 2014-05-19
    soldstatus $47,000
16. 2014-01-03
    price $26,000 136-char remark

    Show marketing remark (136 chars)

    2 story brick with full covered front porch, 2 car detached garage and rear fenced yard. Livingroom features decorative stone fireplace.

17. 2013-12-24
    price $34,900 136-char remark

    Show marketing remark (136 chars)

    2 story brick with full covered front porch, 2 car detached garage and rear fenced yard. Livingroom features decorative stone fireplace.

18. 2013-12-24
    soldstatus $26,000 136-char remark

    Show marketing remark (136 chars)

    2 story brick with full covered front porch, 2 car detached garage and rear fenced yard. Livingroom features decorative stone fireplace.

19. 2013-09-26
    listed $34,900 136-char remark

    Show marketing remark (136 chars)

    2 story brick with full covered front porch, 2 car detached garage and rear fenced yard. Livingroom features decorative stone fireplace.

20. 2013-08-14
    listed $39,900 165-char remark

    Show marketing remark (165 chars)

    2 story brick with full covered front porch, fenced-in rear yard, & 2 car garage. Decorative stone fireplace in the livingroom. Large room sizes. 1st floor den.

21. 1999-06-03
    soldstatus $41,000
22. 1999-05-27
    soldstatus $41,000
23. 1999-03-29
    listed $42,900

ⓘ 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: $3,028 · $252/mo
• Projected year-2 tax: $3,028 · $252/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 ≥96°F today · 17 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: $21,758
• − Mortgage interest: −$8,397
• − Property taxes: −$3,028
• − Insurance: −$750
• − Repairs & maintenance: −$1,741
• − Management: −$1,741
• − Depreciation: −$4,361
• Taxable income: $1,742
• Est. tax owed @ 24.0%: −$418
• After-tax cash flow: $3,560/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 — Munhall

• Score: 78/100
• State rank: #308
• US rank: #2734

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munhall, PA
• County: Allegheny County · 1,022,028 people
• City population: 18,029
• 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

+249.4% since first listed

10 events — show timeline

• 2026-05-18 Listed $149,900 West Penn MLS
• 2014-05-19 Sold (Public Records) $47,000 Public Records
• 2014-01-03 Price Changed $26,000 West Penn MLS
• 2013-12-24 Sold (MLS) $26,000 West Penn MLS
• 2013-12-24 Price Changed $34,900 West Penn MLS
• 2013-09-26 Listed $34,900 West Penn MLS
• 2013-08-14 Listed $39,900 West Penn MLS
• 1999-06-03 Sold (Public Records) $41,000 Public Records
• 1999-05-27 Sold (MLS) $41,000 West Penn MLS
• 1999-03-29 Listed $42,900 West Penn MLS

Property tax history

+3.2%/yr

Latest (2026): $3,028 · +3.9% YoY. Source: county tax records.