408 East Erie St · Linesville, PA 16424

$145,900

3 bd · 1.0 ba · 1,312 sqft · SingleFamily · 12 Days on market

Built 1947 Fair condition 9,901 sqft lot Est $167k · 12% under

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Why this score? — see what drove the B- 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 +21.5/30.0
• ARV discount +13.1/15.0
• Appreciation +9.2/10.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

Solid 2–3 bedroom home with plenty of space and storage! Features hardwood floors, a living room and dining room, plus main-floor laundry hookups for added convenience. Upstairs offers a large flexible room that could easily be divided into two bedrooms or used as a spacious primary suite. Outside, you’ll find a 2-car garage, two additional storage sheds, and a flat yard perfect for outdoor enjoyment. Full unfinished basement for storage. Conveniently located close to schools and the town of Linesville

Key facts

• Flexible room
• Living room
• Dining room

Tags

• HARDWOOD FLOORS
• LIVING ROOM
• DINING ROOM
• MAIN-FLOOR LAUNDRY HOOKUPS
• FLEXIBLE ROOM
• 2-CAR GARAGE

Property features AI

Exterior

• Parking: Detached garage (2 car); Total 4 parking spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-one-half story; Residential property
• Construction: Frame construction; Asphalt roof; Built with a full unfinished basement
• Exterior features: Covered patio; Exterior storage; Shed(s)

Interior

• Kitchen: Gas oven; Gas range; Refrigerator
• Bedrooms: Total rooms: 8; Has basement (full, unfinished)
• Flooring: Carpet; Hardwood; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating with forced air; Central air conditioning (gas)
• Interior features: Gas fireplace (1)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $146k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $146k).

Location & tenants

• Location reads 69/100 on livability (#836 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, health & safety D, amenities F.
• Conneaut SD (rural): math 38% / reading 57% proficiency, ranked #241 of 539 in PA (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 53 active listings in the ZIP; 83 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($1k loan paydown + $12k appreciation (8.5% local appreciation)).
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.5% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,900

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 1947 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.07% ✓
• Cap rate: 8.10%
• Cash-on-cash: 6.46%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $166,624
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6039 US Highway 6 St	0.14mi	4/1.0 (+1)	1,332 (+2%)	2mo	$139,000	$104	84
126 E Erie St	0.44mi	3/2.0	1,414 (+8%)	2mo	$130,000	$92	61
127 S Pymatuning St	0.55mi	3/1.5	1,396 (+6%)	12mo	$195,000	$140	52
6385 US Hwy 6	0.47mi	3/1.5	1,248 (-5%)	20mo	$113,000	$91	52
118 E Erie St	0.48mi	3/2.5	1,492 (+14%)	2mo	$195,000	$131	47
315 Wallace Ave	0.70mi	3/1.5	1,176 (-10%)	10mo	$149,500	$127	39

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

Projected returns pro-forma

8.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.0%
• Equity multiple: 2.93×
• Total profit: $78,691
• Equity at exit: $115,689

10-year hold

• IRR: 23.2%
• Equity multiple: 6.34×
• Total profit: $218,271
• Equity at exit: $234,422

Cash invested: $40,852 (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 16424

• Home prices YoY: 3.2%
• Active inventory: 53
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,555 medium
• Mortgage (P&I): −$765
• Tax est. 1.5%: −$182 /mo · $2,188/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $220

Break-even live

Break-even rent $1,276

Max offer price $145,900

Occupancy floor 81%

Sensitivity live

Price	-10% $321	-5% $270	+0% $220	+5% $170	+10% $119
Rent	-10% $97	-5% $159	+0% $220	+5% $281	+10% $343
Rate	-1.0pp $293	-0.5pp $257	base $220	+0.5pp $182	+1.0pp $144

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: $36,475
• Closing costs: $4,377
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-14
   listed $145,900 Active

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,657
• − Mortgage interest: −$8,173
• − Property taxes: −$2,188
• − Insurance: −$730
• − Repairs & maintenance: −$1,493
• − Management: −$1,493
• − Depreciation: −$4,244
• Taxable income: $337
• Est. tax owed @ 24.0%: −$81
• After-tax cash flow: $2,559/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 · 13 photos

Fair 45/100 Moderate rehab

A fair condition home with moderate rehab needs, offering potential for significant value increase through exterior updates and interior modernization.

Repairs flagged

• Moderate exterior paint — visible discoloration on siding
• Minor kitchen cabinets — yellowing and wear
• Minor bathroom fixtures — simple, possibly outdated design

Value-add opportunities

• Both paint exterior — enhances curb appeal and value
• Both update kitchen cabinets — modernizes space and adds value
• Both update bathroom fixtures — improves functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior paint · visible discoloration on siding	Moderate	$3,000–15,000
kitchen cabinets · yellowing and wear	Minor	$500–3,000
bathroom fixtures · simple, possibly outdated design	Minor	$500–3,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both paint exterior — enhances curb appeal and value ↑
• Both update kitchen cabinets — modernizes space and adds value ↑
• Both update bathroom fixtures — improves functionality and aesthetics ↑

ⓘ 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: Conneaut SD
• NCES district ID: 4206590
• Math proficiency: 38% ▼ -7.00%
• Reading proficiency: 57% ▼ -7.00%
• Median HH income: $43,946
• Composite: 40.06/100
• National rank: #3813
• State rank: #241 of 539 in PA

Livability — Linesville

• Score: 69/100
• State rank: #836
• US rank: #8776

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Linesville, PA
• Population (ZIP): 4,328

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 81,399 people
• By 2030: 77,977 · -4.2%
• By 2040: 70,659 · -13.2%
• By 2050: 63,841 · -21.6%
• By 2075: 50,198 · -38.3%
• By 2100: 37,898 · -53.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · German/W. Germanic 3% Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+39.2) · D 30.0% · R 69.2%
• 2008→2024 swing: -28.8pp toward R · 2008: -10.4pp · 2024: -39.2pp
• All cycles: 2024: R+39.2 2020: R+37.2 2016: R+38.5 2012: R+19.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.48%
• Current HPI: 276.8388
• 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

• 2026-05-14 Listed $145,900 GEBOR