517 Lyndal St · New Castle, PA 16101

$69,900

2 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 32 Days on market

Built 1915 4,791 sqft lot $66/sqft · 65% above area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property has great bones and just needs a bit of work to really make it shine! Convenient location, nice flat lot, spacious rooms and lots of sunlight! If you are willing to put in a little bit of elbow grease, this place could really shine. Sold As-is.

Key facts

• Fresh paint
• New carpet
• Ceiling fans

Tags

• RECENT IMPROVEMENTS
• NEW CARPET
• UPDATED PLUMBING
• FRESH PAINT
• CEILING FANS
• REFRESHED BATHROOM

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 2 stories
• Exterior features: Public transportation nearby

Interior

• Kitchen: Refrigerator; Stove
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Resale property
• Laundry & utility: Some electric appliances

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $533 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 8.7% in New Castle — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+20.1%/yr); 118 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; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — 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. 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: 1.78% ✓
• Cap rate: 15.45%
• Cash-on-cash: 32.69%
• DSCR: 2.45
• GRM: 4.7

CMA / ARV

• ARV (median comp): $42,312
• List price: $69,900
• Delta: 65.20%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
509 E Lutton St	0.36mi	2/1.0	1,059 (+0%)	6mo	$40,000	$38	78
311 E Reynolds St	0.25mi	2/1.0	1,136 (+8%)	0mo	$10,000	$9	76
746 Castle St	0.43mi	3/1.0 (+1)	1,066 (+1%)	2mo	$169,900	$159	72
1112 Summit St	0.21mi	2/1.0	936 (-11%)	6mo	$75,000	$80	67
223 E Morehead Ave	0.56mi	3/1.0 (+1)	1,064 (+1%)	3mo	$12,500	$12	65
827 Morton St	0.50mi	3/1.0 (+1)	1,123 (+6%)	0mo	$40,000	$36	61
418 E Division St	0.52mi	3/1.5 (+1)	1,120 (+6%)	0mo	$18,000	$16	58
221 Friendship St	0.53mi	2/1.0	1,184 (+12%)	0mo	$23,000	$19	55
112 W Balph Ave	0.66mi	3/1.0 (+1)	1,107 (+5%)	5mo	$30,000	$27	52
813 S Mercer St	0.59mi	2/1.5	1,152 (+9%)	6mo	$65,000	$56	51
18 W Chartes St	0.55mi	3/1.0 (+1)	1,200 (+14%)	2mo	$54,000	$45	45
1816 Moravia St	0.75mi	3/2.0 (+1)	1,204 (+14%)	2mo	$95,000	$79	31

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: 33.2%
• Equity multiple: 2.49×
• Total profit: $29,211
• Equity at exit: $10,422

10-year hold

• IRR: 42.7%
• Equity multiple: 6.06×
• Total profit: $99,094
• Equity at exit: $6,044

Cash invested: $19,572 (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 16101

• Home prices YoY: -26.3%
• Rents YoY: 20.1%
• Active inventory: 118
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,244 high
• Mortgage (P&I): −$367
• Tax from tax record: −$54 /mo · $650/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $533

Break-even live

Break-even rent $569

Max offer price $69,900

Occupancy floor 52%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
503 Galbreath St New Castle, PA	2.0	1.0	1228	$1,295	$1.05	44d	1	0.11mi
712 E Reynolds St New Castle, PA	3.0	1.0	1182	$975	$0.82	44d	1	0.29mi
1112 Williams St New Castle, PA	2.0	1.0	1026	$1,400	$1.36	44d	1	0.35mi
1605 S Jefferson St New Castle, PA	3.0	1.0	1500	$1,500	$1.00	44d	1	0.46mi
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	44d	1	0.71mi
1708 Moravia St New Castle, PA	3.0	2.0	1500	$1,500	$1.00	44d	1	0.72mi
1056 Adams St New Castle, PA	3.0	1.0	1116	$1,500	$1.34	44d	1	0.99mi

Listing history 14 events

1. 2026-06-08
   status $69,900 Pending 32 DOM
2. 2026-06-07
   days on market $69,900 Contingent 32 DOM
3. 2026-06-03
   days on market $69,900 Contingent 28 DOM
4. 2026-06-02
   days on market $69,900 Contingent 27 DOM
5. 2026-06-01
   days on market $69,900 Contingent 26 DOM
6. 2026-05-31
   days on market $69,900 Contingent 25 DOM
7. 2026-05-30
   days on market $69,900 Contingent 24 DOM
8. 2026-05-13
   historical Contingent 816-char remark
9. 2026-05-06
   listed $69,900 Active 816-char remark
10. 2023-10-02
    price $20,000 260-char remark

    Show marketing remark (260 chars)

    This property has great bones and just needs a bit of work to really make it shine! Convenient location, nice flat lot, spacious rooms and lots of sunlight! If you are willing to put in a little bit of elbow grease, this place could really shine. Sold As-is.

11. 2023-09-14
    listed $22,000 Active 260-char remark

    Show marketing remark (260 chars)

    This property has great bones and just needs a bit of work to really make it shine! Convenient location, nice flat lot, spacious rooms and lots of sunlight! If you are willing to put in a little bit of elbow grease, this place could really shine. Sold As-is.

12. 2022-11-23
    status Pending

    Show marketing remark (90 chars)

    Great Property in the heart of New Castle. Close to shopping centers, grocery stores, etc.

13. 2022-11-17
    price $19,000

    Show marketing remark (90 chars)

    Great Property in the heart of New Castle. Close to shopping centers, grocery stores, etc.

14. 2022-07-30
    listed $21,000 Active

    Show marketing remark (90 chars)

    Great Property in the heart of New Castle. Close to shopping centers, grocery stores, etc.

ⓘ 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: $650 · $54/mo
• Projected year-2 tax: $877 · $73/mo
• Expected delta: +$227/yr (+$19/mo · 35.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°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: $14,933
• − Mortgage interest: −$3,915
• − Property taxes: −$650
• − Insurance: −$350
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$2,033
• Taxable income: $5,595
• Est. tax owed @ 24.0%: −$1,343
• After-tax cash flow: $5,056/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• County: Lawrence County · 30,767 people
• City population: 30,767
• Metro: New Castle, PA
• Population (ZIP): 30,767
• Household income: $51,128
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 1047.0

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 7% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Serbian 3% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.77%
• Current HPI: 159.3091
• Rent YoY: ▲ 20.05%
• Metro: New Castle, 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

+232.9% since first listed

8 events — show timeline

• 2026-06-08 Pending — West Penn MLS
• 2026-05-13 Contingent — West Penn MLS
• 2026-05-06 Listed $69,900 West Penn MLS
• 2023-10-02 Price Changed $20,000 West Penn MLS
• 2023-09-14 Listed $22,000 West Penn MLS
• 2022-11-23 Pending — West Penn MLS
• 2022-11-17 Price Changed $19,000 West Penn MLS
• 2022-07-30 Listed $21,000 West Penn MLS

Property tax history

+1.3%/yr

Latest (2026): $650 · +2.0% YoY. Source: county tax records.