220-B Jerome Ave · Jerome, PA 15937

$49,900

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 147 Days on market

Built 1900 5,227 sqft lot $49/sqft · 50% below area Est $90k · 45% under

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Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.5/10.0
• Schools +5.7/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Don't miss this rare opportunity to own a meticulously cared-for half-duplex in a peaceful small-town setting. While the building maintains a uniform, classic look, this listing is for the sale of one individual 2-bedroom, 1-bathroom unit. This is an ideal solution for those who want the feel of a single-family home with a more manageable footprint and price point. It is also a great investment opportunity for someone wanting to purchase a rental property. Don't miss out on one of the nicer properties in the area.

Key facts

• 5,227 sq ft lot
• Built 1900
• Listed 147 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($952 rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#1,557 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, amenities F, commute F.
• Conemaugh Township Area SD (rural): math 59% / reading 75% proficiency, ranked #45 of 539 in PA (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 1 active listings in the ZIP; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($345 loan paydown + $4k appreciation (7.1% local appreciation)).
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.1% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 22y ago; this cycle's ask has dropped $8k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $50k implies a 375% 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 $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% 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 F-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. 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.
7. 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.
8. 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: 1.91% ✓
• Cap rate: 16.59%
• Cash-on-cash: 36.79%
• DSCR: 2.64
• GRM: 4.4

CMA / ARV

• ARV (median comp): $90,329
• List price: $49,900
• Delta: -44.76%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
127 Jerome Ave	0.22mi	2/1.0	1,075 (+5%)	4mo	$110,000	$102	79
261 Jerome Ave	0.13mi	2/2.0	1,024 (0%)	19mo	$90,000	$88	74
123 Hill St	0.29mi	3/2.0 (+1)	1,056 (+3%)	8mo	$140,000	$133	65
139 Railroad Ave	0.19mi	2/1.0	1,088 (+6%)	23mo	$45,000	$41	62
105 4th St	0.36mi	2/1.0	983 (-4%)	18mo	$86,000	$87	61
121 Somerset Ave	0.27mi	2/1.0	1,088 (+6%)	24mo	$58,000	$53	57
121 Somerset Ave	0.29mi	2/1.0	1,088 (+6%)	24mo	$58,000	$53	56
723 Maple Springs Rd	0.65mi	3/1.0 (+1)	1,176 (+15%)	14mo	$134,160	$114	28

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

Projected returns pro-forma

7.06% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 48.4%
• Equity multiple: 4.21×
• Total profit: $44,893
• Equity at exit: $34,774

10-year hold

• IRR: 44.4%
• Equity multiple: 8.88×
• Total profit: $110,059
• Equity at exit: $66,231

Cash invested: $13,972 (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 15937

• Home prices YoY: 3.7%
• Active inventory: 1
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $952 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$41 /mo · $494/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $428

Break-even live

Break-even rent $410

Max offer price $49,900

Occupancy floor 50%

Sensitivity live

Price	-10% $457	-5% $443	+0% $428	+5% $414	+10% $400
Rent	-10% $353	-5% $391	+0% $428	+5% $466	+10% $504
Rate	-1.0pp $454	-0.5pp $441	base $428	+0.5pp $415	+1.0pp $402

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   pricedays on market $49,900 Active 147 DOM
2. 2026-06-18
   days on market $52,900 Active 146 DOM
3. 2026-06-17
   days on market $52,900 Active 145 DOM
4. 2026-06-16
   days on market $52,900 Active 144 DOM
5. 2026-06-15
   days on market $52,900 Active 143 DOM
6. 2026-06-14
   days on market $52,900 Active 141 DOM
7. 2026-06-12
   days on market $52,900 Active 140 DOM
8. 2026-06-09
   days on market $52,900 Active 137 DOM
9. 2026-06-08
   days on market $52,900 Active 136 DOM
10. 2026-06-07
    days on market $52,900 Active 135 DOM
11. 2026-06-05
    days on market $52,900 Active 132 DOM
12. 2026-06-03
    days on market $52,900 Active 131 DOM
13. 2026-06-02
    days on market $52,900 Active 130 DOM
14. 2026-06-01
    days on market $52,900 Active 129 DOM
15. 2026-05-31
    days on market $52,900 Active 128 DOM
16. 2026-05-30
    days on market $52,900 Active 127 DOM
17. 2026-04-14
    price $52,900 519-char remark

    Show marketing remark (519 chars)

    Don't miss this rare opportunity to own a meticulously cared-for half-duplex in a peaceful small-town setting. While the building maintains a uniform, classic look, this listing is for the sale of one individual 2-bedroom, 1-bathroom unit. This is an ideal solution for those who want the feel of a single-family home with a more manageable footprint and price point. It is also a great investment opportunity for someone wanting to purchase a rental property. Don't miss out on one of the nicer properties in the area.

18. 2026-01-23
    listed $57,900 Active 519-char remark

    Show marketing remark (519 chars)

    Don't miss this rare opportunity to own a meticulously cared-for half-duplex in a peaceful small-town setting. While the building maintains a uniform, classic look, this listing is for the sale of one individual 2-bedroom, 1-bathroom unit. This is an ideal solution for those who want the feel of a single-family home with a more manageable footprint and price point. It is also a great investment opportunity for someone wanting to purchase a rental property. Don't miss out on one of the nicer properties in the area.

19. 2004-10-29
    soldstatus $10,500 80-char remark

    Show marketing remark (80 chars)

    Good investment for little money! 1/2 Double with new furnace, 100 AMP breaker.

20. 2004-10-29
    soldstatus $10,500

    Show marketing remark (80 chars)

    Good investment for little money! 1/2 Double with new furnace, 100 AMP breaker.

21. 2004-07-14
    listed $13,900 80-char remark

    Show marketing remark (80 chars)

    Good investment for little money! 1/2 Double with new furnace, 100 AMP breaker.

ⓘ 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: $494 · $41/mo
• Projected year-2 tax: $641 · $53/mo
• Expected delta: +$147/yr (+$12/mo · 29.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°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: $11,423
• − Mortgage interest: −$2,795
• − Property taxes: −$494
• − Insurance: −$250
• − Repairs & maintenance: −$914
• − Management: −$914
• − Depreciation: −$1,452
• Taxable income: $4,605
• Est. tax owed @ 24.0%: −$1,105
• After-tax cash flow: $4,035/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: Conemaugh Township Area SD
• NCES district ID: 4206420
• Math proficiency: 59% ▼ -10.00%
• Reading proficiency: 75% ▼ -4.00%
• Median HH income: $47,140
• Composite: 56.55/100
• National rank: #1150
• State rank: #45 of 539 in PA

Livability — Jerome

• Score: 58/100
• State rank: #1557
• US rank: #20647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jerome, PA
• City population: 601
• Population (ZIP): 601

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Romanian 23% Slovak 15% Subsaharan African 6%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.06%
• Current HPI: 195.7952
• 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

+280.6% since first listed

5 events — show timeline

• 2026-04-14 Price Changed $52,900 CSMLS
• 2026-01-23 Listed $57,900 CSMLS
• 2004-10-29 Sold (Public Records) $10,500 Public Records
• 2004-10-29 Sold (MLS) $10,500 CSMLS
• 2004-07-14 Listed $13,900 CSMLS

Property tax history

+1.0%/yr

Latest (2026): $494 · +3.2% YoY. Source: county tax records.