624 Elm Dr · Verona, PA 15147

$109,900

2 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 6 Days on market

Built 1947 8,642 sqft lot Est $213k · 48% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great brick house on a corner lot, featuring 2 bedrooms and 1 bathroom in Penn Hills with an integral garage. Located on a quiet residential street and close to plenty of shops and restaurants just a short drive away.

Key facts

• Decorative fireplace
• Formal dining room
• Brick colonial

Tags

• BRICK COLONIAL
• DECORATIVE FIREPLACE
• ORIGINAL HARDWOOD FLOORS
• FORMAL DINING ROOM
• FULL UNFINISHED BASEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $463 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).

Location & tenants

• Location reads 78/100 on livability (#270 in PA, #2,381 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: employment C-, amenities F.
• Penn Hills SD (suburban): math 13% / reading 24% proficiency, ranked #496 of 539 in PA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 64 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y 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.
• Current owner paid $46k; list at $110k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $109,900

Questions for the listing agent

1. Built in 1947 — 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. 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?
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: 1.48% ✓
• Cap rate: 11.34%
• Cash-on-cash: 18.04%
• DSCR: 1.80
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $212,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
624 Elm Dr	0.00mi	2/1.0	1,296 (0%)	1mo	$114,000	$88	100
168 Lois Dr	0.14mi	3/2.0 (+1)	1,224 (-6%)	2mo	$249,900	$204	74
620 Sara Ln	0.37mi	3/2.0 (+1)	1,232 (-5%)	2mo	$205,000	$166	64
125 Glenhurst Dr	0.44mi	3/2.0 (+1)	1,346 (+4%)	1mo	$240,501	$179	63
138 Glenhurst Dr	0.48mi	3/2.0 (+1)	1,318 (+2%)	5mo	$210,000	$159	62
863 Hamil Rd	0.34mi	3/2.0 (+1)	1,224 (-6%)	8mo	$169,000	$138	60
308 Golden Gate Dr	0.23mi	3/2.0 (+1)	1,447 (+12%)	3mo	$210,000	$145	58
237 Northmont Dr	0.15mi	3/1.5 (+1)	1,118 (-14%)	9mo	$183,000	$164	56
1160 Hunter	0.61mi	2/1.5	1,385 (+7%)	8mo	$215,500	$156	51
467 Rosanne Dr	0.33mi	3/2.0 (+1)	1,458 (+12%)	5mo	$219,900	$151	50
104 Lansdowne Dr	0.68mi	3/2.0 (+1)	1,206 (-7%)	1mo	$240,000	$199	47
107 Agate Dr	0.74mi	3/2.5 (+1)	1,324 (+2%)	6mo	$220,000	$166	46

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: 9.7%
• Equity multiple: 1.38×
• Total profit: $11,715
• Equity at exit: $16,386

10-year hold

• IRR: 18.8%
• Equity multiple: 2.57×
• Total profit: $48,394
• Equity at exit: $9,502

Cash invested: $30,772 (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 15147

• Home prices YoY: -26.0%
• Active inventory: 64
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,627 high
• Mortgage (P&I): −$576
• Tax from tax record: −$200 /mo · $2,406/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $463

Break-even live

Break-even rent $1,041

Max offer price $109,900

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
624 Elm Dr Verona, PA	3.0	1.0	1296	$1,600	$1.23	1d	1	0.04mi
149 Parkwood Dr Verona, PA	3.0	1.0	1085	$1,500	$1.38	43d	1	0.67mi
724 7th St Verona, PA	2.0	2.0	1157	$1,899	$1.64	7d	1	0.81mi
6184 Poketa Rd Verona, PA	3.0	2.0	1325	$1,750	$1.32	2d	1	0.85mi
6388 Saltsburg Rd Pittsburgh, PA	2.0	1.5	875	$1,300	$1.49	2d	1	1.00mi
6703 W Barivista Dr Verona, PA	3.0	2.0	1100	$1,399	$1.27	3d	1	1.23mi
6963 Verona St Verona, PA	3.0	2.0	1548	$1,999	$1.29	23d	1	1.23mi
225 Alcoma Blvd Penn Hills, PA	1.0–2.0	1.0–2.5	834	$1,075	$1.29	43d	1	1.23mi
1666 Relative Dr Verona, PA	2.0–3.0	1.0–1.5	1255	$1,199	$0.96	1d	3	1.43mi
635 Valley St Oakmont, PA	3.0	2.0	1320	$2,100	$1.59	1d	1	1.44mi
635 Valley St Oakmont, PA	3.0	2.0	1320	$2,100	$1.59	7d	1	1.44mi
635 Valley St Oakmont, PA	3.0	2.0	1320	$2,100	$1.59	14d	1	1.44mi
635 Valley St Unit NA Oakmont, PA	3.0	2.0	1320	$2,000	$1.52	10d	1	1.44mi

Listing history 11 events

1. 2026-04-02
   status Pending
2. 2026-03-27
   listed $109,900 Active
3. 2020-08-13
   soldstatus $45,500 Closed 217-char remark

   Show marketing remark (217 chars)

   Great brick house on a corner lot, featuring 2 bedrooms and 1 bathroom in Penn Hills with an integral garage. Located on a quiet residential street and close to plenty of shops and restaurants just a short drive away.

4. 2020-07-15
   status Pending 217-char remark

   Show marketing remark (217 chars)

   Great brick house on a corner lot, featuring 2 bedrooms and 1 bathroom in Penn Hills with an integral garage. Located on a quiet residential street and close to plenty of shops and restaurants just a short drive away.

5. 2020-07-08
   status Under Contract 217-char remark

   Show marketing remark (217 chars)

   Great brick house on a corner lot, featuring 2 bedrooms and 1 bathroom in Penn Hills with an integral garage. Located on a quiet residential street and close to plenty of shops and restaurants just a short drive away.

6. 2020-06-17
   listed $47,500 Active 217-char remark

   Show marketing remark (217 chars)

   Great brick house on a corner lot, featuring 2 bedrooms and 1 bathroom in Penn Hills with an integral garage. Located on a quiet residential street and close to plenty of shops and restaurants just a short drive away.

7. 2018-01-11
   status Under Contract 361-char remark

   Show marketing remark (361 chars)

   Great starter home or investment property in Penn Hills! This home offers a bonus room in the rear of the house for added living space! Huge potential! A little tlc will go a long way! This brick build if close to all major highways-28 and 376 are only minutes away, as well as the PA Turnpike! Convenient to shopping, restaurants and other community amenities!

8. 2018-01-11
   historical Expired 361-char remark

   Show marketing remark (361 chars)

   Great starter home or investment property in Penn Hills! This home offers a bonus room in the rear of the house for added living space! Huge potential! A little tlc will go a long way! This brick build if close to all major highways-28 and 376 are only minutes away, as well as the PA Turnpike! Convenient to shopping, restaurants and other community amenities!

9. 2018-01-05
   historical Contingent 361-char remark

   Show marketing remark (361 chars)

   Great starter home or investment property in Penn Hills! This home offers a bonus room in the rear of the house for added living space! Huge potential! A little tlc will go a long way! This brick build if close to all major highways-28 and 376 are only minutes away, as well as the PA Turnpike! Convenient to shopping, restaurants and other community amenities!

10. 2017-12-03
    listed $39,900 Active 361-char remark

    Show marketing remark (361 chars)

    Great starter home or investment property in Penn Hills! This home offers a bonus room in the rear of the house for added living space! Huge potential! A little tlc will go a long way! This brick build if close to all major highways-28 and 376 are only minutes away, as well as the PA Turnpike! Convenient to shopping, restaurants and other community amenities!

11. 1996-05-21
    soldstatus $43,967

ⓘ 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: $2,406 · $200/mo
• Projected year-2 tax: $2,406 · $200/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6 d/yr ≥96°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,522
• − Mortgage interest: −$6,156
• − Property taxes: −$2,406
• − Insurance: −$550
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$3,197
• Taxable income: $4,090
• Est. tax owed @ 24.0%: −$981
• After-tax cash flow: $4,569/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: Penn Hills SD
• NCES district ID: 4218590
• Math proficiency: 13% ▼ -6.00%
• Reading proficiency: 24% ▼ -14.00%
• Median HH income: $47,794
• Composite: 16.42/100
• National rank: #9192
• State rank: #496 of 539 in PA

Livability — Verona

• Score: 78/100
• State rank: #270
• US rank: #2381

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Allegheny County · 1,022,028 people
• City population: 15,798
• Metro: Pittsburgh, PA
• Population (ZIP): 15,798
• Household income: $66,757
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 511.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Romanian 6% Slovak 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.47%
• Current HPI: 249.3773
• Rent YoY: —
• Metro: Pittsburgh, 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

+150.0% since first listed

11 events — show timeline

• 2026-04-02 Pending — West Penn MLS
• 2026-03-27 Listed $109,900 West Penn MLS
• 2020-08-13 Sold (MLS) $45,500 West Penn MLS
• 2020-07-15 Pending — West Penn MLS
• 2020-07-08 Pending — West Penn MLS
• 2020-06-17 Listed $47,500 West Penn MLS
• 2018-01-11 Pending — West Penn MLS
• 2018-01-11 Delisted — West Penn MLS
• 2018-01-05 Contingent — West Penn MLS
• 2017-12-03 Listed $39,900 West Penn MLS
• 1996-05-21 Sold (Public Records) $43,967 Public Records

Property tax history

+2.5%/yr

Latest (2026): $2,406 · +0.0% YoY. Source: county tax records.