223 Lafayette Ave · Collingdale, PA 19023

$217,900

3 bd · 1.0 ba · 1,280 sqft · SingleFamily public records · 61 Days on market

Built 1930 3,049 sqft lot Est $283k · 23% under

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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 +12.7/30.0
• Rent growth +5.0/5.0
• Livability +4.2/5.0
• 1% rule +3.9/10.0
• DSCR +3.8/10.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 223 Lafayette Ave, a charming 3-bedroom, 1 full bath twin home located on a quiet residential street. This home features hardwood floors throughout, adding warmth and character to the living spaces. The main level offers a comfortable layout with great natural light, flowing easily from the living area into the dining space and new kitchen. Upstairs, you’ll find three nicely sized bedrooms and a full hall bath. The home provides a solid floor plan with excellent potential for both homeowners and investors. Conveniently situated near public transportation, major roadways, shopping, and local amenities, this property offers easy access to daily necessities. Whether you&rsquo

Key facts

• Easy access
• Natural light
• Solid floor plan

Tags

• HARDWOOD FLOORS
• NATURAL LIGHT
• SOLID FLOOR PLAN
• EASY ACCESS

Property features AI

Exterior

• Parking: Shared driveway; Driveway parking
• Utilities: Public water; Public sewer
• Home design: Semi-detached property; Fee simple ownership
• Construction: Vinyl and aluminum siding; Foundation described as other; Above-grade and below-grade structures noted; Finished above-grade area reported as 1,280 (assessor)
• Exterior features: Lot dimensions approximately 23 x 138; No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom (all upper levels)
• Heating & cooling: Hot water heating; Electric cooling
• Interior features: Finished above-grade living area reported by assessor; Basement present (other type)
• Laundry & utility: Laundry hookups in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $218k.

Deal economics

• At list price, monthly cash flow is $-25 ($-305/yr) — negative.
• To cash-flow at today's rent, offer at most $213k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (10.7% below list).
• Recommended offer: $195k (10.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 84/100 on livability (#105 in PA, #781 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, amenities D.
• Southeast Delco SD (suburban): math 13% / reading 33% proficiency, ranked #478 of 539 in PA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Darby Twp Sch (math 7% / reading 34%, grade F, #1,243 of 1,518 statewide, top 82%, 614 students, 100% FRL); Academy Park Hs (math 31% / reading 39%, grade F, #311 of 437 statewide, top 71%, 1,355 students, 95% FRL) — zoned schools average 97% FRL vs 63% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+13.1%/yr); 98 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• At $1,946/mo this rent would consume 50% of the median local household income ($46k/yr) (locally 1468% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 61 days — a 6% lower offer ($205k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $52k; list at $218k implies a 320% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $194,610 (10.7% 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 61 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.89% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.50%
• DSCR: 0.98
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $282,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Felton	0.44mi	3/1.5	1,288 (+1%)	6mo	$275,000	$214	71
111 E Oak Ln	0.63mi	3/1.0	1,248 (-2%)	4mo	$285,000	$228	63
1454 Watson Rd	0.52mi	3/2.0	1,214 (-5%)	4mo	$255,000	$210	59
1449 Sharon Park Dr	0.64mi	3/2.0	1,243 (-3%)	10mo	$280,000	$225	53
119 Isabel Ave	0.68mi	3/2.0	1,332 (+4%)	8mo	$334,000	$251	51
1311 Spring St	0.58mi	3/2.0	1,152 (-10%)	2mo	$255,000	$221	51
123 Folcroft Ave	0.51mi	2/2.0 (-1)	1,214 (-5%)	10mo	$230,100	$190	51
49 S Woodlawn Ave	0.72mi	3/1.5	1,224 (-4%)	11mo	$190,000	$155	48
211 Sharon Park Dr	0.60mi	3/2.0	1,398 (+9%)	6mo	$220,000	$157	48
101 S Glenwood Ave	0.70mi	3/2.0	1,375 (+7%)	4mo	$350,000	$255	47
213 Watson Rd	0.61mi	3/2.0	1,383 (+8%)	10mo	$237,000	$171	46
501 W Rively Ave	0.62mi	3/1.5	1,092 (-15%)	8mo	$325,000	$298	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -11.4%
• Equity multiple: 0.56×
• Total profit: $-26,579
• Equity at exit: $32,490

10-year hold

• IRR: 4.0%
• Equity multiple: 1.36×
• Total profit: $21,843
• Equity at exit: $18,840

Cash invested: $61,012 (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 19023

• Rents YoY: 13.1%
• Active inventory: 98
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,946 high
• Mortgage (P&I): −$1,143
• Tax from tax record: −$329 /mo · $3,952/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $-25

Break-even live

Break-even rent $1,978

Max offer price $213,411

Occupancy floor 96%

Sensitivity live

Price	-10% $98	-5% $36	+0% $-25	+5% $-87	+10% $-149
Rent	-10% $-179	-5% $-102	+0% $-25	+5% $51	+10% $128
Rate	-1.0pp $84	-0.5pp $30	base $-25	+0.5pp $-82	+1.0pp $-139

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: $54,475
• Closing costs: $6,537
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
66 Folcroft Ave Folcroft, PA	3.0	1.0	1224	$1,895	$1.55	5d	1	0.33mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,350	$2.30	46d	1	0.44mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,450	$2.40	25d	1	0.44mi
118 Felton Ave Darby, PA	3.0	1.0	1152	$1,750	$1.52	23d	1	0.48mi
132 Folcroft Ave Folcroft, PA	2.0	1.0	725	$1,679	$2.32	3d	3	0.48mi
304 Pine St Glenolden, PA	3.0	2.0	1120	$2,400	$2.14	45d	1	0.53mi
306 Pine St Glenolden, PA	3.0	2.0	1120	$2,400	$2.14	5d	1	0.53mi
1074 N Academy Ave Glenolden, PA	3.0	1.0	1152	$1,850	$1.61	6d	1	0.58mi
145 Isabel Ave Unit 145B Glenolden, PA	2.0	1.0	890	$1,525	$1.71	45d	1	0.71mi
100 S Oak Ave Glenolden, PA	1.0–2.0	1.0–2.0	830	$1,500	$1.81	0d	3	0.73mi
1503 Elmwood Ave Folcroft, PA	3.0	1.0	1025	$1,699	$1.66	25d	1	0.73mi
1513 Elmwood Ave Unit 4 Folcroft, PA	3.0	1.0	1025	$1,699	$1.66	25d	1	0.74mi
902 Maple Ave Glenolden, PA	3.0	1.0	1152	$1,745	$1.51	45d	1	0.81mi
925 Maple Ave Glenolden, PA	3.0	2.0	1152	$2,800	$2.43	23d	1	0.81mi
201 Westbridge Rd Glenolden, PA	3.0	1.5	1224	$2,350	$1.92	25d	1	0.91mi
2 Winthrop Rd Darby, PA	3.0	1.5	1224	$1,900	$1.55	23d	1	0.99mi
820 Greenhill Rd Sharon Hill, PA	4.0	2.0	1184	$2,600	$2.20	6d	1	0.99mi
601 Poplar St Sharon Hill, PA	1.0–2.0	1.0	787	$1,599	$2.03	16d	5	1.06mi
1072 Tremont Dr Glenolden, PA	4.0	2.0	1652	$2,500	$1.51	6d	1	1.06mi
100 E Glenolden Ave Glenolden, PA	1.0–4.0	1.0–2.0	920	$2,167	$2.36	0d	4	1.14mi
909 Springfield Rd Unit D Darby, PA	4.0	1.0	900	$1,600	$1.78	45d	1	1.18mi
209 Hamilton Ave Darby, PA	4.0	1.0	1400	$1,595	$1.14	16d	1	1.21mi
640 South Ave Secane, PA	1.0–2.0	1.0–1.5	742	$1,600	$2.16	14d	5	1.26mi
1300 Main St Unit Basement Darby, PA	2.0	1.0	1000	$1,450	$1.45	25d	1	1.28mi
304 Christopher Pl Unit 1st Floor Primos, PA	2.0	1.0	875	$1,400	$1.60	5d	1	1.30mi
304 Christopher Pl Primos, PA	2.0	1.0	1600	$1,400	$0.88	6d	1	1.30mi
304 Christopher Pl Unit 1st Floor Primos, PA	2.0	1.0	1600	$1,400	$0.88	0d	1	1.30mi
319 S Church St Clifton Heights, PA	3.0	1.0	1152	$1,900	$1.65	45d	1	1.30mi
116 W Berkley Ave Clifton Heights, PA	4.0	2.0	1652	$2,600	$1.57	45d	1	1.31mi
700 Pine St Unit 2F Darby, PA	2.0	1.0	1100	$1,250	$1.14	19d	1	1.32mi
96 E Berkley Ave Clifton Heights, PA	2.0	1.5	1352	$1,850	$1.37	20d	1	1.34mi
60 W Broadway Ave Clifton Heights, PA	3.0	1.0	1160	$2,200	$1.90	45d	1	1.37mi
69 S 7th St Darby, PA	3.0	2.0	1446	$1,700	$1.18	45d	1	1.38mi
1519 Roosevelt Dr Sharon Hill, PA	3.0	1.5	1260	$2,295	$1.82	45d	1	1.41mi
804 Grant Rd Folcroft, PA	3.0	1.0	1088	$2,050	$1.88	45d	1	1.42mi
37 Concord Rd Darby, PA	3.0	1.0	1120	$1,795	$1.60	45d	1	1.42mi
209 Glenside Ave Unit 1ST FLOOR Holmes, PA	2.0	1.0	1872	$1,600	$0.85	45d	1	1.44mi
216 W Washington Ave Clifton Heights, PA	3.0	1.5	1152	$1,875	$1.63	6d	1	1.45mi
924 Maple Ter Darby, PA	3.0	1.5	1190	$2,000	$1.68	6d	1	1.46mi
100 S Oak Ave Unit B6 Clifton Heights, PA	2.0	2.0	1000	$1,500	$1.50	25d	1	1.47mi

Listing history 11 events

1. 2026-06-21
   days on market $217,900 Active 61 DOM
2. 2026-06-18
   days on market $217,900 Active 58 DOM
3. 2026-06-17
   days on market $217,900 Active 57 DOM
4. 2026-06-16
   days on market $217,900 Active 56 DOM
5. 2026-06-15
   days on market $217,900 Active 55 DOM
6. 2026-06-13
   days on market $217,900 Active 53 DOM
7. 2026-06-13
   statusdays on market $217,900 Active 52 DOM
8. 2026-04-13
   historical Active Under Contract
9. 2026-03-17
   price $217,900
10. 2026-02-21
    listed $224,900 Active
11. 1986-06-25
    soldstatus $51,900

ⓘ 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: $3,952 · $329/mo
• Projected year-2 tax: $3,952 · $329/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,353
• − Mortgage interest: −$12,206
• − Property taxes: −$3,952
• − Insurance: −$1,090
• − Repairs & maintenance: −$1,868
• − Management: −$1,868
• − Depreciation: −$6,339
• Taxable loss: −$3,970
• Est. tax savings @ 24.0%: +$953
• After-tax cash flow: $648/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: Southeast Delco SD
• NCES district ID: 4222400
• Math proficiency: 13% ▼ -8.00%
• Reading proficiency: 33% ▼ -9.00%
• Median HH income: $49,309
• Composite: 20.25/100
• National rank: #8623
• State rank: #478 of 539 in PA

Livability — Collingdale

• Score: 84/100
• State rank: #105
• US rank: #781

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Collingdale, PA
• County: Delaware County · 399,863 people
• City population: 22,247
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 22,247
• Household income: $46,463
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 1468.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (76%)
• Race & ethnicity: Black 76% White 15% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Swiss 5% Hispanic 1% Romanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 84% English-only · French/Haitian/Cajun 4% Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.50%
• Current HPI: 277.7034
• Rent YoY: ▲ 13.10%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+319.8% since first listed

4 events — show timeline

• 2026-04-13 Contingent — BRIGHT MLS
• 2026-03-17 Price Changed $217,900 BRIGHT MLS
• 2026-02-21 Listed $224,900 BRIGHT MLS
• 1986-06-25 Sold (Public Records) $51,900 Public Records

Property tax history

+2.0%/yr

Latest (2026): $3,952 · -5.9% YoY. Source: county tax records.