135 Mill St · Schellsburg, PA 15559

$74,900

3 bd · 1.0 ba · 1,228 sqft · SingleFamily · 13 Days on market

Built 1870 Fair condition 0.28 ac lot Est $86k · 13% under

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Why this score? — see what drove the A- 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
• ARV discount +13.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.0/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

Here is the opportunity to own an 1870's original home in Schellsburg. Situated on a corner lot, giving room for garden, play area, pool, or more. The sheds offer great storage or a place to have a workshop. The sheds could be used for chickens or small animals. The home can be a second home/cabin or primary residence. Great starter home or fixer upper. With some TLC you can make it your own. Close to restuarants, grocery stores, and Shawnee State Park.

Key facts

• Great storage
• Place for workshop
• Close to restaurants

Tags

• CORNER LOT
• GREAT STORAGE
• PLACE FOR WORKSHOP
• CLOSE TO RESTAURANTS
• CLOSE TO GROCERY STORES
• CLOSE TO SHAWNEE STATE PARK

Property features AI

Exterior

• Utilities: Private well water
• Home design: Single family residence; Two levels; Residential property; Property listed as fixer
• Construction: Stone and vinyl siding exterior; Shingle roof
• Exterior features: Patio; Porch; Shed(s); Cleared and sloped lot

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 7 total rooms (includes bedrooms and living spaces)
• Flooring: Wood; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (oil); Ceiling fan(s)
• Interior features: Eat-in kitchen; Crawl space basement
• Laundry & utility: Washer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).

Location & tenants

• Location reads 65/100 on livability (#1,154 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D+, amenities F, commute F.
• Chestnut Ridge SD (rural): math 41% / reading 60% proficiency, ranked #183 of 539 in PA (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 16 active listings in the ZIP; 54 units permitted in Bedford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($518 loan paydown + $4k appreciation (6.0% local appreciation)).
• Bedford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.67% ✓
• Cap rate: 13.80%
• Cash-on-cash: 26.81%
• DSCR: 2.19
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $85,960
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
141 Shawnee Ln	0.30mi	3/1.0	1,214 (-1%)	7mo	$85,100	$70	78
111 Baltimore St	0.38mi	2/1.5 (-1)	1,164 (-5%)	20mo	$75,000	$64	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.0%
• Equity multiple: 3.45×
• Total profit: $51,299
• Equity at exit: $46,889

10-year hold

• IRR: 35.3%
• Equity multiple: 7.08×
• Total profit: $127,613
• Equity at exit: $84,861

Cash invested: $20,972 (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 15559

• Home prices YoY: 4.2%
• Active inventory: 16
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,248 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $469

Break-even live

Break-even rent $655

Max offer price $74,900

Occupancy floor 57%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-17
   statusdays on market $74,900 Pending 13 DOM
2. 2026-06-16
   days on market $74,900 Active 12 DOM
3. 2026-06-15
   days on market $74,900 Active 11 DOM
4. 2026-06-13
   days on market $74,900 Active 9 DOM
5. 2026-06-12
   days on market $74,900 Active 8 DOM
6. 2026-06-09
   days on market $74,900 Active 5 DOM
7. 2026-06-08
   days on market $74,900 Active 4 DOM
8. 2026-06-08
   days on market $74,900 Active 3 DOM
9. 2026-06-07
   remarks 457-char remark
10. 2026-06-07
    listed $74,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,979
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$1,198
• − Management: −$1,198
• − Depreciation: −$2,179
• Taxable income: $4,710
• Est. tax owed @ 24.0%: −$1,130
• After-tax cash flow: $4,492/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.

Condition & rehab AI · 14 photos

Fair 45/100 Moderate rehab

This 1870s home requires significant repairs and updates to improve its condition and value. Painting, updating the exterior siding, landscaping, and interior repairs will significantly enhance its curb appeal and marketability.

Repairs flagged

• Major siding — Significant wear and tear on the exterior siding.
• Major paint — Peeling paint on the exterior and interior walls.
• Major landscaping — Overgrown and unkempt landscaping.
• Major flooring — Worn carpet in the living room and kitchen.
• Major interior walls — Worn paint and some discoloration on interior walls.
• Major bathrooms — Old-fashioned fixtures and dated tile in the bathroom.
• Major systems — Old water heater and electrical panel visible in the basement.

Value-add opportunities

• Resale Painting and updating the exterior siding — Fresh paint and new siding will significantly improve curb appeal and home value.
• Resale Landscaping and yard maintenance — A well-maintained yard will attract more potential buyers and renters.
• Resale Flooring replacement — New flooring will make the living room and kitchen more appealing and functional.
• Resale Interior wall repairs and paint — Fresh paint and repairs will make the interior walls look new and inviting.
• Resale Bathroom updates — Modernizing the bathroom will make it more functional and attractive to potential buyers.
• Resale Water heater replacement — A new water heater will improve the home's energy efficiency and appeal to potential buyers.
• Resale Electrical panel upgrade — Upgrading the electrical panel will improve the home's energy efficiency and safety.

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Significant wear and tear on the exterior siding.	Major	$15,000–50,000
paint · Peeling paint on the exterior and interior walls.	Major	$15,000–50,000
landscaping · Overgrown and unkempt landscaping.	Major	$15,000–50,000
flooring · Worn carpet in the living room and kitchen.	Major	$15,000–50,000
interior walls · Worn paint and some discoloration on interior walls.	Major	$15,000–50,000
bathrooms · Old-fashioned fixtures and dated tile in the bathroom.	Major	$15,000–50,000
systems · Old water heater and electrical panel visible in the basement.	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Resale Painting and updating the exterior siding — Fresh paint and new siding will significantly improve curb appeal and home value. ↑
• Resale Landscaping and yard maintenance — A well-maintained yard will attract more potential buyers and renters. ↑
• Resale Flooring replacement — New flooring will make the living room and kitchen more appealing and functional. ↑
• Resale Interior wall repairs and paint — Fresh paint and repairs will make the interior walls look new and inviting. ↑
• Resale Bathroom updates — Modernizing the bathroom will make it more functional and attractive to potential buyers. ↑
• Resale Water heater replacement — A new water heater will improve the home's energy efficiency and appeal to potential buyers. ↑
• Resale Electrical panel upgrade — Upgrading the electrical panel will improve the home's energy efficiency and safety. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Chestnut Ridge SD
• NCES district ID: 4205880
• Math proficiency: 41% ▼ -8.00%
• Reading proficiency: 60% ▼ -6.00%
• Median HH income: $44,762
• Composite: 42.63/100
• National rank: #3185
• State rank: #183 of 539 in PA

Livability — Schellsburg

• Score: 65/100
• State rank: #1154
• US rank: #13382

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schellsburg, PA
• Population (ZIP): 2,407

Population outlook (Bedford County) Hauer SSP2

• Today (2025): 45,395 people
• By 2030: 43,353 · -4.5%
• By 2040: 38,858 · -14.4%
• By 2050: 34,162 · -24.7%
• By 2075: 24,868 · -45.2%
• By 2100: 16,910 · -62.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 13% Iranian 2% Slovak 1%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 94% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Bedford

• 2024 margin: Solid R (+68.6) · D 15.4% · R 84.0%
• 2008→2024 swing: -23.8pp toward R · 2008: -44.8pp · 2024: -68.6pp
• All cycles: 2024: R+68.6 2020: R+67.7 2016: R+67.4 2012: R+54.9 2008: R+44.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.96%
• Current HPI: 147.0423
• 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

1 event — show timeline

• 2026-06-04 Listed $74,900 AHARMLS