413 N Prospect St · Connellsville, PA 15425

$112,000

3 bd · 1.0 ba · 1,686 sqft · SingleFamily public records · 84 Days on market

Built 1900 6,490 sqft lot $66/sqft · 12% below area Est $127k · 12% under

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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 +17.9/30.0
• ARV discount +12.8/15.0
• DSCR +5.6/10.0
• 1% rule +3.9/10.0
• Livability +3.6/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 413 N Prospect St! This 3-bedroom, 2-bath home offers a convenient location close to the highway, hospital, and local shopping, making everyday living a breeze. Move-in ready as it sits, this home also presents a great opportunity to add your personal touch with a little TLC and fresh paint to truly make it shine. Inside, you’ll find original hardwood floors waiting beneath the carpet, ready to be brought back to life. The layout offers flexibility with a first-floor laundry and a full bath, allowing for easy one-level living if desired. The rooms are comfortably sized, giving you plenty of space to settle in and make it your own. Step outside to a generously sized backyard that offers a sense of privacy and endless potential. Whether you enjoy gardening or simply relaxing outdoors, this space could easily become your own private retreat. Off-street parking adds extra convenience to this well-located property. A solid home with great potential, ready for its next owner to bring out its full charm!

Key facts

• 6,490 sq ft lot
• Built 1900
• Listed 83 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $112k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $100k (11.2% below list).
• Recommended offer: $100k (11.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#602 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools D+, commute D+, crime D-.
• Connellsville Area SD (rural): math 23% / reading 39% proficiency, ranked #440 of 539 in PA (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 201 units permitted in Fayette County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $774 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Fayette County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $112k implies a 460% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,500 (11.2% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. Crime grade is D 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?
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: 7.31%
• Cash-on-cash: 3.63%
• DSCR: 1.16
• GRM: 9.4

CMA / ARV

• ARV (median comp): $126,830
• List price: $112,000
• Delta: -11.69%
• 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
502 E Murphy Ave	0.18mi	3/2.5	1,720 (+2%)	5mo	$100,000	$58	78
503 E Murphy Ave	0.18mi	3/1.5	1,624 (-4%)	10mo	$130,000	$80	75
612 Park St	0.22mi	4/2.0 (+1)	1,666 (-1%)	12mo	$125,000	$75	69
324 Odgen St	0.17mi	4/2.0 (+1)	1,665 (-1%)	15mo	$300,000	$180	68
434 Ogden St	0.19mi	4/2.0 (+1)	1,729 (+3%)	14mo	$189,000	$109	66
904 N Jefferson St	0.38mi	3/1.5	1,592 (-6%)	13mo	$100,000	$63	60
112 Snyder St	0.28mi	3/1.0	1,864 (+11%)	15mo	$125,000	$67	57
407 E Green St	0.72mi	3/1.0	1,789 (+6%)	0mo	$149,900	$84	56
260 Wills Rd	0.62mi	3/2.0	1,664 (-1%)	15mo	$250,000	$150	52
86 Dark St	0.65mi	2/1.5 (-1)	1,584 (-6%)	6mo	$180,000	$114	47
311 W Fayette St	0.28mi	2/2.0 (-1)	1,488 (-12%)	18mo	$65,000	$44	44
703 E Crawford Ave	0.55mi	4/2.0 (+1)	1,811 (+7%)	21mo	$175,000	$97	36

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: -10.6%
• Equity multiple: 0.61×
• Total profit: $-12,151
• Equity at exit: $16,700

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-2,956
• Equity at exit: $9,684

Cash invested: $31,360 (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 15425

• Home prices YoY: -15.9%
• Active inventory: 65
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $995 medium
• Mortgage (P&I): −$587
• Tax from tax record: −$57 /mo · $688/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $95

Break-even live

Break-even rent $875

Max offer price $112,000

Occupancy floor 85%

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
204 Meason St Connellsville, PA	2.0	1.5	1136	$995	$0.88	44d	1	0.53mi

Listing history 17 events

1. 2026-06-18
   days on market $112,000 Active 84 DOM
2. 2026-06-17
   days on market $112,000 Active 83 DOM
3. 2026-06-16
   days on market $112,000 Active 82 DOM
4. 2026-06-15
   days on market $112,000 Active 81 DOM
5. 2026-06-13
   days on market $112,000 Active 79 DOM
6. 2026-06-12
   days on market $112,000 Active 78 DOM
7. 2026-06-09
   days on market $112,000 Active 75 DOM
8. 2026-06-08
   days on market $112,000 Active 74 DOM
9. 2026-06-08
   days on market $112,000 Active 73 DOM
10. 2026-06-07
    days on market $112,000 Active 72 DOM
11. 2026-06-04
    days on market $112,000 Active 69 DOM
12. 2026-06-02
    days on market $112,000 Active 68 DOM
13. 2026-06-01
    days on market $112,000 Active 67 DOM
14. 2026-05-31
    days on market $112,000 Active 66 DOM
15. 2026-05-03
    price $112,000 1029-char remark

    Show marketing remark (1029 chars)

    Welcome to 413 N Prospect St! This 3-bedroom, 2-bath home offers a convenient location close to the highway, hospital, and local shopping, making everyday living a breeze. Move-in ready as it sits, this home also presents a great opportunity to add your personal touch with a little TLC and fresh paint to truly make it shine. Inside, you’ll find original hardwood floors waiting beneath the carpet, ready to be brought back to life. The layout offers flexibility with a first-floor laundry and a full bath, allowing for easy one-level living if desired. The rooms are comfortably sized, giving you plenty of space to settle in and make it your own. Step outside to a generously sized backyard that offers a sense of privacy and endless potential. Whether you enjoy gardening or simply relaxing outdoors, this space could easily become your own private retreat. Off-street parking adds extra convenience to this well-located property. A solid home with great potential, ready for its next owner to bring out its full charm!

16. 2026-03-26
    listed $119,000 Active 1029-char remark

    Show marketing remark (1029 chars)

    Welcome to 413 N Prospect St! This 3-bedroom, 2-bath home offers a convenient location close to the highway, hospital, and local shopping, making everyday living a breeze. Move-in ready as it sits, this home also presents a great opportunity to add your personal touch with a little TLC and fresh paint to truly make it shine. Inside, you’ll find original hardwood floors waiting beneath the carpet, ready to be brought back to life. The layout offers flexibility with a first-floor laundry and a full bath, allowing for easy one-level living if desired. The rooms are comfortably sized, giving you plenty of space to settle in and make it your own. Step outside to a generously sized backyard that offers a sense of privacy and endless potential. Whether you enjoy gardening or simply relaxing outdoors, this space could easily become your own private retreat. Off-street parking adds extra convenience to this well-located property. A solid home with great potential, ready for its next owner to bring out its full charm!

17. 2004-03-18
    soldstatus $20,000

ⓘ 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: $688 · $57/mo
• Projected year-2 tax: $1,229 · $102/mo
• Expected delta: +$541/yr (+$45/mo · 78.7%)

ⓘ 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 ≥92°F today · 19 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: $11,940
• − Mortgage interest: −$6,274
• − Property taxes: −$688
• − Insurance: −$560
• − Repairs & maintenance: −$955
• − Management: −$955
• − Depreciation: −$3,258
• Taxable loss: −$750
• Est. tax savings @ 24.0%: +$180
• After-tax cash flow: $1,317/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: Connellsville Area SD
• NCES district ID: 4206660
• Math proficiency: 23% ▼ -15.00%
• Reading proficiency: 39% ▼ -10.00%
• Median HH income: $39,315
• Composite: 25.95/100
• National rank: #7333
• State rank: #440 of 539 in PA

Livability — Connellsville

• Score: 72/100
• State rank: #602
• US rank: #5763

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Connellsville, PA
• Population (ZIP): 17,752

Population outlook (Fayette County) Hauer SSP2

• Today (2025): 127,561 people
• By 2030: 123,206 · -3.4%
• By 2040: 113,232 · -11.2%
• By 2050: 103,468 · -18.9%
• By 2075: 83,185 · -34.8%
• By 2100: 62,384 · -51.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Black 1%
• Common ancestry: Romanian 7% Iranian 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Fayette

• 2024 margin: Solid R (+37.9) · D 30.8% · R 68.7%
• 2008→2024 swing: -37.5pp toward R · 2008: -0.4pp · 2024: -37.9pp
• All cycles: 2024: R+37.9 2020: R+33.5 2016: R+31.0 2012: R+8.3 2008: R+0.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.63%
• Current HPI: 193.6086
• 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

+460.0% since first listed

3 events — show timeline

• 2026-05-03 Price Changed $112,000 West Penn MLS
• 2026-03-26 Listed $119,000 West Penn MLS
• 2004-03-18 Sold (Public Records) $20,000 Public Records

Property tax history

+2.4%/yr

Latest (2026): $688 · +0.0% YoY. Source: county tax records.