138 Espy St · Nanticoke, PA 18634

$94,000

2 bd · 1.0 ba · 1,034 sqft · SingleFamily public records · 392 Days on market

Built 1920 1,691 sqft lot $91/sqft · 20% below area Est $117k · 20% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

Key facts

• Formal dining room
• Off-street parking
• Close to shopping

Tags

• SPACIOUS LIVING ROOM
• FORMAL DINING ROOM
• OFF-STREET PARKING
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $83k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 6.3% in Nanticoke — 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 74/100 on livability (#520 in PA, #4,791 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F, employment D-.
• Greater Nanticoke Area SD (suburban): math 14% / reading 34% proficiency, ranked #479 of 539 in PA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 59 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $650 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 392 days — a 12% lower offer ($83k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $31k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 392 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 1920 — 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. 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: 1.31% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.70%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $117,363
• List price: $94,000
• Delta: -19.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
R201 Center St	0.16mi	2/1.0	1,000 (-3%)	14mo	$228,000	$228	75
312 Center St	0.24mi	2/1.0	1,144 (+11%)	11mo	$138,000	$121	62

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $5,316
• Equity at exit: $14,016

10-year hold

• IRR: 14.7%
• Equity multiple: 2.18×
• Total profit: $31,140
• Equity at exit: $8,127

Cash invested: $26,320 (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 18634

• Home prices YoY: -29.1%
• Active inventory: 59
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,232 high
• Mortgage (P&I): −$493
• Tax from tax record: −$118 /mo · $1,422/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $322

Break-even live

Break-even rent $824

Max offer price $94,000

Occupancy floor 69%

Sensitivity live

Price	-10% $376	-5% $349	+0% $322	+5% $296	+10% $269
Rent	-10% $225	-5% $274	+0% $322	+5% $371	+10% $420
Rate	-1.0pp $370	-0.5pp $346	base $322	+0.5pp $298	+1.0pp $273

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 E Grand St Nanticoke, PA	3.0	1.5	1350	$1,500	$1.11	44d	1	1.02mi
710 S Hanover St Nanticoke, PA	3.0	2.0	800	$1,600	$2.00	14d	1	1.15mi
39 W Ridge St Nanticoke, PA	2.0	1.0	900	$1,050	$1.17	21d	1	1.19mi
39 W Ridge St Unit 3 Nanticoke, PA	2.0	1.0	900	$1,050	$1.17	44d	1	1.19mi
12 1/2 W Church St Nanticoke, PA	2.0	1.0	1025	$1,000	$0.98	14d	1	1.33mi
117 E Green St Nanticoke, PA	2.0	1.0	1000	$1,500	$1.50	14d	1	1.33mi
260 E Green St Nanticoke, PA	3.0	1.5	1350	$1,400	$1.04	44d	1	1.34mi
37 Loomis Park Hanover Township, PA	3.0	1.0	1152	$1,300	$1.13	14d	1	1.41mi
293 State St Nanticoke, PA	2.0	1.0	1014	$1,200	$1.18	14d	1	1.45mi
213 Robert St Unit 215 Roberts Upper Nanticoke, PA	1.0	1.0	895	$1,065	$1.19	14d	1	1.48mi
130 State St Unit 1 Nanticoke, PA	1.0	1.0	900	$950	$1.06	14d	1	1.49mi
277 E Spring St Nanticoke, PA	2.0	1.0	726	$1,100	$1.52	14d	1	1.50mi

Listing history 31 events

1. 2026-06-18
   days on market $94,000 Active 392 DOM
2. 2026-06-17
   days on market $94,000 Active 391 DOM
3. 2026-06-16
   days on market $94,000 Active 390 DOM
4. 2026-06-15
   days on market $94,000 Active 389 DOM
5. 2026-06-14
   days on market $94,000 Active 387 DOM
6. 2026-06-13
   days on market $94,000 Active 386 DOM
7. 2026-06-10
   days on market $94,000 Active 384 DOM
8. 2026-06-09
   days on market $94,000 Active 383 DOM
9. 2026-06-08
   days on market $94,000 Active 382 DOM
10. 2026-06-07
    days on market $94,000 Active 381 DOM
11. 2026-06-05
    days on market $94,000 Active 378 DOM
12. 2026-06-02
    days on market $94,000 Active 376 DOM
13. 2026-06-01
    days on market $94,000 Active 375 DOM
14. 2026-05-31
    days on market $94,000 Active 374 DOM
15. 2026-05-30
    days on market $94,000 Active 373 DOM
16. 2026-04-07
    price $94,000 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

17. 2026-01-05
    price $99,900 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

18. 2025-12-04
    price $102,500 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

19. 2025-11-18
    price $105,000 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

20. 2025-09-09
    price $109,000 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

21. 2025-07-16
    price $119,000 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

22. 2025-05-21
    listed $125,000 Active 264-char remark

    Show marketing remark (264 chars)

    Charming 2BR Home - Perfect for First-Time Buyers, Downsizers, or Investors!This 2-bedroom, 1-bath gem featuring a spacious living room and a formal dining room--ideal for entertaining or relaxing. Enjoy the convenience of off-street parking and close to shopping.

23. 2024-04-19
    soldstatus $70,000
24. 2024-04-17
    soldstatus $70,000 Closed 154-char remark

    Show marketing remark (154 chars)

    Price drop by $5,000 this won't last long . this move in ready, newly updated 2 bedroom 1 bathroom house. New vinyl floors, new bathroom and so much more.

25. 2024-04-11
    status Pending 154-char remark

    Show marketing remark (154 chars)

    Price drop by $5,000 this won't last long . this move in ready, newly updated 2 bedroom 1 bathroom house. New vinyl floors, new bathroom and so much more.

26. 2024-02-11
    price $85,000 154-char remark

    Show marketing remark (154 chars)

    Price drop by $5,000 this won't last long . this move in ready, newly updated 2 bedroom 1 bathroom house. New vinyl floors, new bathroom and so much more.

27. 2024-01-22
    listed $90,000 Active 154-char remark

    Show marketing remark (154 chars)

    Price drop by $5,000 this won't last long . this move in ready, newly updated 2 bedroom 1 bathroom house. New vinyl floors, new bathroom and so much more.

28. 2023-04-17
    soldstatus $45,000
29. 2023-04-13
    soldstatus $45,000 Closed
30. 2023-03-13
    status Pending
31. 2023-03-08
    listed $45,000 Active

ⓘ 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: $1,422 · $118/mo
• Projected year-2 tax: $1,453 · $121/mo
• Expected delta: +$32/yr (+$3/mo · 2.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,778
• − Mortgage interest: −$5,265
• − Property taxes: −$1,422
• − Insurance: −$470
• − Repairs & maintenance: −$1,182
• − Management: −$1,182
• − Depreciation: −$2,735
• Taxable income: $2,522
• Est. tax owed @ 24.0%: −$605
• After-tax cash flow: $3,262/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: Greater Nanticoke Area SD
• NCES district ID: 4216290
• Math proficiency: 14% ▼ -8.00%
• Reading proficiency: 34% ▼ -14.00%
• Median HH income: $38,990
• Composite: 20.1/100
• National rank: #8647
• State rank: #479 of 539 in PA

Livability — Nanticoke

• Score: 74/100
• State rank: #520
• US rank: #4791

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Nanticoke, PA
• Population (ZIP): 13,638

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 10% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 3%
• Common ancestry: Romanian 31% Polish 3% Hispanic 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 7% French/Haitian/Cajun 2%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.20%
• Current HPI: 246.8063
• 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

+108.9% since first listed

16 events — show timeline

• 2026-04-07 Price Changed $94,000 LCAR
• 2026-01-05 Price Changed $99,900 LCAR
• 2025-12-04 Price Changed $102,500 LCAR
• 2025-11-18 Price Changed $105,000 LCAR
• 2025-09-09 Price Changed $109,000 LCAR
• 2025-07-16 Price Changed $119,000 LCAR
• 2025-05-21 Listed $125,000 LCAR
• 2024-04-19 Sold (Public Records) $70,000 Public Records
• 2024-04-17 Sold (MLS) $70,000 LCAR
• 2024-04-11 Pending — LCAR
• 2024-02-11 Price Changed $85,000 LCAR
• 2024-01-22 Listed $90,000 LCAR
• 2023-04-17 Sold (Public Records) $45,000 Public Records
• 2023-04-13 Sold (MLS) $45,000 LCAR
• 2023-03-13 Pending — LCAR
• 2023-03-08 Listed $45,000 LCAR

Property tax history

+2.3%/yr

Latest (2026): $1,422 · +4.4% YoY. Source: county tax records.