215 Midway Dr · Ferndale, PA 15905

$47,000

2 bd · 2.0 ba · 1,568 sqft · SingleFamily · 7 Days on market

Built 1956 0.39 ac lot

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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
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Roll up your sleeves, bring your tools and imagination! Everywhere you look, potential is there for the contractor, investor, or savvy homeowner, with this 2 bedroom, 2 bath, multi-level home in Ferndale Boro. The home sits on almost a . 40 acre lot, surrounded by trees and nature. It is a beautiful setting. The 3 levels of living space, hardwood floors, and tons of natural light give a glimpse of what could be!! Although the driveway is grown over with grass, there is potential to bring it back to life and have a wrap-around driveway and tons of off-street parking. Don't let this one pass you buy. .. this could be your dream home!!!!! Priced to Move!!!

Key facts

• Wrap around driveway
• Multi level home
• Surrounded by trees

Tags

• MULTI LEVEL HOME
• ALMOST 40 ACRE LOT
• SURROUNDED BY TREES
• WRAP AROUND DRIVEWAY
• TONS OF OFF STREET PARKING

Property features AI

Finance

• Other: Property taxes listed annually

Exterior

• Parking: Detached or attached 2-car garage (has garage); Additional parking (see comments)
• Utilities: Public water; Public sewer (sewer available)
• Home design: Single-family residence; Residential property; Two-story home; Corner lot; Faces city street on a public maintained road
• Construction: Stone, wood siding and block construction; Shingle roof
• Exterior features: Covered patio and porch; Porch

Interior

• Flooring: Hardwood; Ceramic tile; Wood
• Bathrooms: Two full bathrooms
• Heating & cooling: Hot water heating; Wood stove heating (wood)
• Interior features: High-speed internet; Finished full basement with partial finished areas; Two wood-burning fireplaces
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $47k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($856 rent vs $47k).

Location & tenants

• Location reads 72/100 on livability (#649 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Ferndale Area SD (suburban): math 31% / reading 56% proficiency, ranked #316 of 539 in PA (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 93 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($69k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $325 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $47,000

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.82% ✓
• Cap rate: 15.26%
• Cash-on-cash: 32.01%
• DSCR: 2.42
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $116,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1520 Ferndale Ave	0.23mi	3/1.0 (+1)	1,520 (-3%)	4mo	$70,000	$46	72
714 Glenwood Ave	0.36mi	3/1.5 (+1)	1,432 (-9%)	1mo	$113,420	$79	61
111 Ross	0.51mi	3/1.5 (+1)	1,512 (-4%)	5mo	$125,000	$83	59
423 Michigan Ave	0.41mi	3/1.0 (+1)	1,483 (-5%)	5mo	$115,400	$78	59
145 Plainfield Ave	0.39mi	3/2.0 (+1)	1,739 (+11%)	1mo	$128,000	$74	58
411 Tunnel Ave	0.54mi	3/2.0 (+1)	1,616 (+3%)	8mo	$119,000	$74	58
821 Highland Ave	0.52mi	3/1.5 (+1)	1,675 (+7%)	7mo	$54,000	$32	51
751 Park Ave	0.47mi	3/1.5 (+1)	1,388 (-12%)	3mo	$43,500	$31	49
1453 Franklin St	0.36mi	3/1.0 (+1)	1,392 (-11%)	8mo	$76,500	$55	49
115 Plainfield Ave	0.40mi	3/1.0 (+1)	1,801 (+15%)	7mo	$122,000	$68	42
217 Bond St	0.64mi	3/2.0 (+1)	1,391 (-11%)	6mo	$63,500	$46	41
182 Watson St	0.64mi	2/1.5	1,337 (-15%)	7mo	$114,000	$85	38

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: 27.0%
• Equity multiple: 2.12×
• Total profit: $14,757
• Equity at exit: $7,008

10-year hold

• IRR: 34.6%
• Equity multiple: 4.17×
• Total profit: $41,695
• Equity at exit: $4,064

Cash invested: $13,160 (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 15905

• Home prices YoY: -31.1%
• Active inventory: 93
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $856 high
• Mortgage (P&I): −$246
• Tax est. 1.5%: −$59 /mo · $705/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$180
• Net cashflow: $351

Break-even live

Break-even rent $411

Max offer price $47,000

Occupancy floor 54%

Sensitivity live

Price	-10% $384	-5% $367	+0% $351	+5% $335	+10% $319
Rent	-10% $283	-5% $317	+0% $351	+5% $385	+10% $419
Rate	-1.0pp $375	-0.5pp $363	base $351	+0.5pp $339	+1.0pp $327

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: $11,750
• Closing costs: $1,410
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 Vickroy Ave Johnstown, PA	1.0	1.0	1125	$500	$0.44	44d	1	0.21mi
522 Vickroy Ave Johnstown, PA	3.0	1.0	1125	$850	$0.76	44d	1	0.21mi
553 Vickroy Ave #555 Johnstown, PA	3.0	1.0	1300	$985	$0.76	44d	1	0.28mi
550 Ferndale Ave Johnstown, PA	3.0	1.0	1300	$1,100	$0.85	44d	1	0.28mi
129-131 Plainfield Ave Johnstown, PA	3.0	1.0	1300	$850	$0.65	44d	1	0.37mi
619 Grove Ave Johnstown, PA	2.0	2.0	1100	$1,050	$0.95	44d	1	0.69mi

Listing history 7 events

1. 2026-06-17
   status $47,000 Pending 7 DOM
2. 2026-06-16
   days on market $47,000 Active 7 DOM
3. 2026-06-15
   days on market $47,000 Active 6 DOM
4. 2026-06-14
   days on market $47,000 Active 4 DOM
5. 2026-06-12
   days on market $47,000 Active 3 DOM
6. 2026-06-09
   remarks 663-char remark
7. 2026-06-09
   listed $47,000 Active 1 DOM

ⓘ 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 3/10 Moderate 7 d/yr ≥93°F today · 17 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: $10,267
• − Mortgage interest: −$2,633
• − Property taxes: −$705
• − Insurance: −$235
• − Repairs & maintenance: −$821
• − Management: −$821
• − Depreciation: −$1,367
• Taxable income: $3,684
• Est. tax owed @ 24.0%: −$884
• After-tax cash flow: $3,329/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: Ferndale Area SD
• NCES district ID: 4209750
• Math proficiency: 31% ▼ -13.00%
• Reading proficiency: 56% ▼ -5.00%
• Median HH income: $37,748
• Composite: 36.12/100
• National rank: #4750
• State rank: #316 of 539 in PA

Livability — Ferndale

• Score: 72/100
• State rank: #649
• US rank: #6305

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ferndale, PA
• County: Cambria County · 30,791 people
• Metro: Johnstown, PA
• Population (ZIP): 19,329
• Household income: $69,212
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 359.0

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 (92%)
• Race & ethnicity: White 92% Two or more races 3% Hispanic / Latino 2% Black 2%
• Common ancestry: Romanian 7% Scotch-Irish 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1%

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: ▼ -64.18%
• Current HPI: 142.5218
• 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

1 event — show timeline

• 2026-06-09 Listed $47,000 CSMLS

Property tax history

+2.2%/yr

Latest (2026): $2,817 · +4.0% YoY. Source: county tax records.