824 Central Ave · Johnstown, PA 15902

$76,900

3 bd · 1.0 ba · 1,258 sqft · SingleFamily · 7 Days on market

4,792 sqft lot

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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 +29.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated 2 story home with a remodeled kitchen, with white cabinets and new counter top, a separate dining room and spacious living room. The 2nd floor has 3 bedrooms with spacious closets and a updated bath. Vinyl sided with fresh landscaping. Clean and updated!! Johnstown Schools.

Key facts

• 4,792 sq ft lot
• Listed 7 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family residence; Residential property; Two levels / 2 stories
• Construction: Vinyl siding; Shingle roof
• Exterior features: Rectangular lot; Public maintained road frontage on a city street

Interior

• Kitchen: Range; Oven; Refrigerator; Eat-in kitchen
• Flooring: Carpet; Ceramic tile; Laminate; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Natural gas heating; Ceiling fan(s)
• Interior features: Eat-in kitchen; Full unfinished basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($991 rent vs $77k).
• Cap rate 10.6% vs local median 15.0% in Johnstown — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 64 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $532 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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.

Recommended offer $76,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 1.29% ✓
• Cap rate: 10.56%
• Cash-on-cash: 15.22%
• DSCR: 1.68
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $50,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1492 Franklin St	0.33mi	3/1.0	1,248 (-1%)	1mo	$47,000	$38	82
751 Park Ave	0.13mi	3/1.5	1,388 (+10%)	3mo	$43,500	$31	72
652 Russell Ave	0.48mi	3/1.0	1,312 (+4%)	0mo	$70,000	$53	70
545 Summit Ave	0.40mi	3/1.0	1,187 (-6%)	3mo	$89,000	$75	69
394 Plainfield Ave	0.25mi	2/1.0 (-1)	1,150 (-9%)	2mo	$27,900	$24	67
627 Vickroy Ave	0.34mi	2/1.5 (-1)	1,188 (-6%)	3mo	$125,000	$105	66
551 Russell Ave	0.55mi	2/1.0 (-1)	1,308 (+4%)	1mo	$52,500	$40	62
100 Donna Dr	0.54mi	4/2.0 (+1)	1,312 (+4%)	1mo	$115,000	$88	58
525 Woodland Ave	0.68mi	3/1.0	1,324 (+5%)	6mo	$15,500	$12	55
654 Park Ave	0.26mi	4/2.0 (+1)	1,446 (+15%)	4mo	$57,500	$40	51
714 Glenwood Ave	0.52mi	3/1.5	1,432 (+14%)	1mo	$113,420	$79	49
209 Village St	0.42mi	3/2.0	1,441 (+14%)	6mo	$17,900	$12	47

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: 5.9%
• Equity multiple: 1.23×
• Total profit: $4,938
• Equity at exit: $11,466

10-year hold

• IRR: 15.3%
• Equity multiple: 2.24×
• Total profit: $26,708
• Equity at exit: $6,649

Cash invested: $21,532 (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 15902

• Home prices YoY: -28.8%
• Active inventory: 64
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $991 high
• Mortgage (P&I): −$403
• Tax from tax record: −$75 /mo · $898/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $273

Break-even live

Break-even rent $646

Max offer price $76,900

Occupancy floor 67%

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: $19,225
• Closing costs: $2,307
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
550 Ferndale Ave Johnstown, PA	3.0	1.0	1300	$1,100	$0.85	43d	1	0.27mi
522 Vickroy Ave Johnstown, PA	3.0	1.0	1125	$850	$0.76	43d	1	0.29mi
553 Vickroy Ave #555 Johnstown, PA	3.0	1.0	1300	$985	$0.76	43d	1	0.30mi
619 Grove Ave Johnstown, PA	2.0	2.0	1100	$1,050	$0.95	43d	1	0.35mi
129-131 Plainfield Ave Johnstown, PA	3.0	1.0	1300	$850	$0.65	43d	1	0.37mi
906 Lemon St Johnstown, PA	3.0	1.0	1128	$750	$0.66	43d	1	1.32mi
412 Oak St Unit 1 Johnstown, PA	2.0	1.0	1100	$900	$0.82	43d	1	1.48mi

Listing history 7 events

1. 2026-06-19
   days on market $76,900 Active 7 DOM
2. 2026-06-18
   days on market $76,900 Active 6 DOM
3. 2026-06-17
   days on market $76,900 Active 5 DOM
4. 2026-06-16
   days on market $76,900 Active 4 DOM
5. 2026-06-15
   days on market $76,900 Active 3 DOM
6. 2026-06-12
   remarks 618-char remark
7. 2026-06-12
   listed $76,900 Active 1 DOM

ⓘ 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: $898 · $75/mo
• Projected year-2 tax: $1,056 · $88/mo
• Expected delta: +$159/yr (+$13/mo · 17.7%)

ⓘ 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 ≥93°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: $11,898
• − Mortgage interest: −$4,308
• − Property taxes: −$898
• − Insurance: −$384
• − Repairs & maintenance: −$952
• − Management: −$952
• − Depreciation: −$2,237
• Taxable income: $2,167
• Est. tax owed @ 24.0%: −$520
• After-tax cash flow: $2,758/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
• County: Cambria County · 30,791 people
• City population: 30,791
• Metro: Johnstown, PA
• Population (ZIP): 11,462
• Household income: $44,215
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 266.0

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 (75%)
• Race & ethnicity: White 75% Two or more races 14% Black 8% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Slovak 2% Hungarian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -43.86%
• Current HPI: 108.2198
• Rent YoY: —
• Metro: Johnstown, 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

+352.4% since first listed

17 events — show timeline

• 2026-06-12 Listed $76,900 CSMLS
• 2025-06-02 Sold (Public Records) $70,000 Public Records
• 2025-05-30 Sold (MLS) $70,000 CSMLS
• 2025-04-30 Pending — CSMLS
• 2025-04-27 Listed $65,000 CSMLS
• 2020-10-02 Sold (Public Records) $34,000 Public Records
• 2020-10-02 Sold (MLS) $34,000 AHARMLS
• 2017-11-09 Listed $37,500 AHARMLS
• 2017-05-26 Sold (MLS) $6,000 AHARMLS
• 2017-05-08 Sold (Public Records) $6,000 Public Records
• 2016-12-14 Listed $12,000 AHARMLS
• 2006-09-02 Sold (MLS) $24,900 CSMLS
• 2006-08-28 Sold (Public Records) $24,900 Public Records
• 2006-07-02 Listed $24,900 CSMLS
• 2006-04-13 Sold (MLS) $7,700 CSMLS
• 2006-01-19 Listed $9,900 CSMLS
• 1995-12-01 Sold (Public Records) $17,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $898 · +0.0% YoY. Source: county tax records.