180 Prospect St · Johnstown, PA 15901

$47,500

3 bd · 2.0 ba · 1,244 sqft · SingleFamily · 40 Days on market

5,663 sqft lot $38/sqft · 46% above area Est $32k · 46% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +2.3/10.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This charming 2-story vinyl-sided home offers incredible potential and flexibility, perfect for homeowners or investors. Tucked away on a quiet dead-end street within the City of Johnstown, this property offers privacy while remaining conveniently located. Featuring many recent updates, including newly installed flooring, cabinets, countertops, kitchen appliances, and modern light fixtures, much of the hard work has already been started—just bring your finishing touches to make it your own. The main level includes an updated kitchen, living room area, one bedroom, and laundry hookups, along with direct access to a rear deck for relaxing or entertaining. Upstairs, you'll find an additional bedroom and a full bathroom highlighted by an updated shower. The lower level expands your living options with its own updated kitchen, an additional bedroom, a full bathroom with updates, and a separate laundry room making it perfect for extended living space, guests, or potential rental use. Outside, enjoy a partially fenced-in backyard, an additional side lot for extra space, and a 1-car detached garage. With all of these updates and incredibly low taxes, this is an affordable opportunity you won't want to miss! (BACK ON THE MARKET THROUGH NO FAULT OF HOME - BUYER COULD NOT OBTAIN THEIR FINANCING)

Key facts

• 5,663 sq ft lot
• Garage
• Listed 40 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($835 rent vs $48k).
• Recommended offer: $46k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#363 in PA, #3,168 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime F, employment F.
• Greater Johnstown SD (urban): math 9% / reading 25% proficiency, ranked #509 of 539 in PA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 20 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $328 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Cambria County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $12k; list at $48k implies a 296% gain — meaningful room to come down on a strong offer.

Recommended offer $46,075 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.76% ✓
• Cap rate: 15.44%
• Cash-on-cash: 32.66%
• DSCR: 2.45
• GRM: 4.7

CMA / ARV

• ARV (median comp): $32,433
• List price: $47,500
• Delta: 46.45%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
28 Drew St	0.74mi	3/1.5	1,274 (+2%)	11mo	$72,000	$57	50
405 Moore St	0.60mi	3/1.0	1,209 (-3%)	20mo	$58,500	$48	47
248 Vine St	0.45mi	3/2.0	1,392 (+12%)	15mo	$65,000	$47	47
319 Baywood St	0.56mi	3/1.0	1,421 (+14%)	17mo	$41,625	$29	32
185 Horrocks St	0.67mi	3/1.5	1,392 (+12%)	24mo	$40,000	$29	27

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: 27.8%
• Equity multiple: 2.15×
• Total profit: $15,350
• Equity at exit: $7,082

10-year hold

• IRR: 35.2%
• Equity multiple: 4.24×
• Total profit: $43,027
• Equity at exit: $4,107

Cash invested: $13,300 (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 15901

• Home prices YoY: -5.5%
• Active inventory: 20
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $835 medium
• Mortgage (P&I): −$249
• Tax from tax record: −$29 /mo · $347/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$175
• Net cashflow: $362

Break-even live

Break-even rent $377

Max offer price $47,500

Occupancy floor 52%

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: $11,875
• Closing costs: $1,425
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
412 Oak St Unit 1 Johnstown, PA	2.0	1.0	1100	$900	$0.82	43d	1	1.11mi
906 Lemon St Johnstown, PA	3.0	1.0	1128	$750	$0.66	43d	1	1.50mi

Listing history 16 events

1. 2026-06-12
   statusdays on market $47,500 Pending 40 DOM
2. 2026-06-09
   days on market $47,500 Active 38 DOM
3. 2026-06-08
   days on market $47,500 Active 37 DOM
4. 2026-06-07
   days on market $47,500 Active 36 DOM
5. 2026-06-05
   days on market $47,500 Active 33 DOM
6. 2026-06-02
   days on market $47,500 Active 31 DOM
7. 2026-06-01
   days on market $47,500 Active 30 DOM
8. 2026-05-31
   days on market $47,500 Active 29 DOM
9. 2026-05-30
   days on market $47,500 Active 28 DOM
10. 2026-05-19
    price $47,500 1311-char remark

    Show marketing remark (1311 chars)

    This charming 2-story vinyl-sided home offers incredible potential and flexibility, perfect for homeowners or investors. Tucked away on a quiet dead-end street within the City of Johnstown, this property offers privacy while remaining conveniently located. Featuring many recent updates, including newly installed flooring, cabinets, countertops, kitchen appliances, and modern light fixtures, much of the hard work has already been started—just bring your finishing touches to make it your own. The main level includes an updated kitchen, living room area, one bedroom, and laundry hookups, along with direct access to a rear deck for relaxing or entertaining. Upstairs, you'll find an additional bedroom and a full bathroom highlighted by an updated shower. The lower level expands your living options with its own updated kitchen, an additional bedroom, a full bathroom with updates, and a separate laundry room making it perfect for extended living space, guests, or potential rental use. Outside, enjoy a partially fenced-in backyard, an additional side lot for extra space, and a 1-car detached garage. With all of these updates and incredibly low taxes, this is an affordable opportunity you won't want to miss! (BACK ON THE MARKET THROUGH NO FAULT OF HOME - BUYER COULD NOT OBTAIN THEIR FINANCING)

11. 2026-05-08
    status Active 1311-char remark

    Show marketing remark (1311 chars)

    This charming 2-story vinyl-sided home offers incredible potential and flexibility, perfect for homeowners or investors. Tucked away on a quiet dead-end street within the City of Johnstown, this property offers privacy while remaining conveniently located. Featuring many recent updates, including newly installed flooring, cabinets, countertops, kitchen appliances, and modern light fixtures, much of the hard work has already been started—just bring your finishing touches to make it your own. The main level includes an updated kitchen, living room area, one bedroom, and laundry hookups, along with direct access to a rear deck for relaxing or entertaining. Upstairs, you'll find an additional bedroom and a full bathroom highlighted by an updated shower. The lower level expands your living options with its own updated kitchen, an additional bedroom, a full bathroom with updates, and a separate laundry room making it perfect for extended living space, guests, or potential rental use. Outside, enjoy a partially fenced-in backyard, an additional side lot for extra space, and a 1-car detached garage. With all of these updates and incredibly low taxes, this is an affordable opportunity you won't want to miss! (BACK ON THE MARKET THROUGH NO FAULT OF HOME - BUYER COULD NOT OBTAIN THEIR FINANCING)

12. 2026-04-06
    status Pending 1311-char remark

    Show marketing remark (1311 chars)

    This charming 2-story vinyl-sided home offers incredible potential and flexibility, perfect for homeowners or investors. Tucked away on a quiet dead-end street within the City of Johnstown, this property offers privacy while remaining conveniently located. Featuring many recent updates, including newly installed flooring, cabinets, countertops, kitchen appliances, and modern light fixtures, much of the hard work has already been started—just bring your finishing touches to make it your own. The main level includes an updated kitchen, living room area, one bedroom, and laundry hookups, along with direct access to a rear deck for relaxing or entertaining. Upstairs, you'll find an additional bedroom and a full bathroom highlighted by an updated shower. The lower level expands your living options with its own updated kitchen, an additional bedroom, a full bathroom with updates, and a separate laundry room making it perfect for extended living space, guests, or potential rental use. Outside, enjoy a partially fenced-in backyard, an additional side lot for extra space, and a 1-car detached garage. With all of these updates and incredibly low taxes, this is an affordable opportunity you won't want to miss! (BACK ON THE MARKET THROUGH NO FAULT OF HOME - BUYER COULD NOT OBTAIN THEIR FINANCING)

13. 2026-03-30
    listed $49,900 Active 1311-char remark

    Show marketing remark (1311 chars)

    This charming 2-story vinyl-sided home offers incredible potential and flexibility, perfect for homeowners or investors. Tucked away on a quiet dead-end street within the City of Johnstown, this property offers privacy while remaining conveniently located. Featuring many recent updates, including newly installed flooring, cabinets, countertops, kitchen appliances, and modern light fixtures, much of the hard work has already been started—just bring your finishing touches to make it your own. The main level includes an updated kitchen, living room area, one bedroom, and laundry hookups, along with direct access to a rear deck for relaxing or entertaining. Upstairs, you'll find an additional bedroom and a full bathroom highlighted by an updated shower. The lower level expands your living options with its own updated kitchen, an additional bedroom, a full bathroom with updates, and a separate laundry room making it perfect for extended living space, guests, or potential rental use. Outside, enjoy a partially fenced-in backyard, an additional side lot for extra space, and a 1-car detached garage. With all of these updates and incredibly low taxes, this is an affordable opportunity you won't want to miss! (BACK ON THE MARKET THROUGH NO FAULT OF HOME - BUYER COULD NOT OBTAIN THEIR FINANCING)

14. 2022-12-19
    soldstatus $12,000 Closed 101-char remark

    Show marketing remark (101 chars)

    1-2 bedroom home in the city of Johnstown. 1 car garage. Back deck. Covered front porch. Fenced yard.

15. 2022-11-23
    status Pending 101-char remark

    Show marketing remark (101 chars)

    1-2 bedroom home in the city of Johnstown. 1 car garage. Back deck. Covered front porch. Fenced yard.

16. 2022-11-21
    listed $9,995 Active 101-char remark

    Show marketing remark (101 chars)

    1-2 bedroom home in the city of Johnstown. 1 car garage. Back deck. Covered front porch. Fenced yard.

ⓘ 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: $347 · $29/mo
• Projected year-2 tax: $549 · $46/mo
• Expected delta: +$202/yr (+$17/mo · 58.0%)

ⓘ 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 ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,022
• − Mortgage interest: −$2,661
• − Property taxes: −$347
• − Insurance: −$238
• − Repairs & maintenance: −$802
• − Management: −$802
• − Depreciation: −$1,382
• Taxable income: $3,791
• Est. tax owed @ 24.0%: −$910
• After-tax cash flow: $3,434/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: Greater Johnstown SD
• NCES district ID: 4210950
• Math proficiency: 9% ▼ -6.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $27,890
• Composite: 13.25/100
• National rank: #9550
• State rank: #509 of 539 in PA

Livability — Johnstown

• Score: 77/100
• State rank: #363
• US rank: #3168

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, PA
• City population: 30,791
• Population (ZIP): 3,466

Population outlook (Cambria County) Hauer SSP2

• Today (2025): 122,754 people
• By 2030: 115,827 · -5.6%
• By 2040: 101,309 · -17.5%
• By 2050: 88,379 · -28.0%
• By 2075: 65,237 · -46.9%
• By 2100: 46,909 · -61.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 16% Hispanic / Latino 11% Two or more races 6% Native American 1%
• Hispanic origin (detail): Puerto Rican 8% Dominican 1%
• Common ancestry: Romanian 11% Slovak 2% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Cambria

• 2024 margin: Solid R (+39.7) · D 29.8% · R 69.5%
• 2008→2024 swing: -40.4pp toward R · 2008: 0.7pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.3 2016: R+37.8 2012: R+17.8 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.41%
• Current HPI: 92.1212
• 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

+375.2% since first listed

7 events — show timeline

• 2026-05-19 Price Changed $47,500 CSMLS
• 2026-05-08 Relisted — CSMLS
• 2026-04-06 Pending — CSMLS
• 2026-03-30 Listed $49,900 CSMLS
• 2022-12-19 Sold (MLS) $12,000 CSMLS
• 2022-11-23 Pending — CSMLS
• 2022-11-21 Listed $9,995 CSMLS

Property tax history

+0.2%/yr

Latest (2026): $347 · +0.0% YoY. Source: county tax records.