701 Penrod St · Oakland, PA 15902

$74,900

3 bd · 1.0 ba · 1,134 sqft · SingleFamily · 8 Days on market

Built 1925 0.27 ac lot $66/sqft · 37% below area Est $118k · 37% under

---

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 +28.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

LET'S GET MOVING. .. this 3 bedroom home in Stonycreek Township/Cambria County provides many of the features that you desire in your next home. The large, impressive covered front porch is welcoming. Upon entering, you will be greeted with the spacious living room's fireplace, open staircase, and WW carpet. Imagine hosting casual get together or special dinners in the lovely formal dining room. The kitchen comes complete with wooden cabinets and appliances and is sure to please the home chef. Upstairs includes 3 bedrooms and full bath. There is also a walk-up attic for your storage needs. The unfinished basement has laundry hook-ups, sink and commode, space heater, and plenty of additional

Key facts

• Covered front porch
• Formal dining room
• Unfinished basement

Tags

• COVERED FRONT PORCH
• SPACIOUS LIVING ROOM
• FORMAL DINING ROOM
• WOODEN CABINETS
• WALK-UP ATTIC
• UNFINISHED BASEMENT

Property features AI

Exterior

• Parking: Detached garage with garage door opener (2 car)
• Utilities: Public water; Public sewer; Sewer available
• Home design: Two-story single family home; Frame construction
• Construction: Shingle roof
• Exterior features: Covered porch; Irregular lot; Publicly maintained road frontage on a city street

Interior

• Kitchen: Dishwasher; Microwave; Range/Oven; Refrigerator
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Space heater; Natural gas heating; Ceiling fan cooling
• Interior features: Fireplace (1); Full unfinished basement
• Laundry & utility: Laundry in basement with utility sink

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($966 rent vs $75k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Greater Johnstown SD (urban): math 9% / reading 25% proficiency, ranked #509 of 539 in PA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 64 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,900

Questions for the listing agent

1. Built in 1925 — 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: 1.29% ✓
• Cap rate: 10.10%
• Cash-on-cash: 13.60%
• DSCR: 1.61
• GRM: 6.5

CMA / ARV

• ARV (median comp): $118,323
• List price: $74,900
• Delta: -36.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
613 Schrader Ave	0.06mi	3/1.0	1,170 (+3%)	21mo	$50,000	$43	75
1521 Florida Ave	0.27mi	3/1.5	1,228 (+8%)	2mo	$126,000	$103	70
2020 Eugene St	0.32mi	3/1.5	1,164 (+3%)	13mo	$101,500	$87	68
1724 Brier Ave	0.09mi	3/2.0	1,222 (+8%)	18mo	$120,000	$98	64
1196 Linwood Ave	0.50mi	2/1.0 (-1)	1,088 (-4%)	6mo	$49,500	$45	60
1197 Rebecca Dr	0.51mi	3/1.0	1,132 (-0%)	23mo	$73,800	$65	57
1800 Ocala Ave	0.17mi	2/1.0 (-1)	1,260 (+11%)	18mo	$80,000	$63	53
1226 Penrod St	0.41mi	3/1.5	1,238 (+9%)	16mo	$79,900	$65	50
1191 Florida Ave	0.49mi	2/1.5 (-1)	1,024 (-10%)	17mo	$79,000	$77	40
1406 Solomon St	0.74mi	3/1.0	988 (-13%)	14mo	$57,500	$58	32

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: 3.7%
• Equity multiple: 1.14×
• Total profit: $3,025
• Equity at exit: $11,168

10-year hold

• IRR: 13.3%
• Equity multiple: 2.06×
• Total profit: $22,210
• Equity at exit: $6,476

Cash invested: $20,972 (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 15902

• Home prices YoY: -28.8%
• Active inventory: 64
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $966 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$101 /mo · $1,215/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $238

Break-even live

Break-even rent $665

Max offer price $74,900

Occupancy floor 70%

Sensitivity live

Price	-10% $280	-5% $259	+0% $238	+5% $217	+10% $195
Rent	-10% $161	-5% $200	+0% $238	+5% $276	+10% $314
Rate	-1.0pp $275	-0.5pp $257	base $238	+0.5pp $218	+1.0pp $199

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
906 Lemon St Johnstown, PA	3.0	1.0	1128	$750	$0.66	45d	1	1.11mi
1201 Heeney Ave Johnstown, PA	1.0–3.0	1.0	750	$1,050	$1.40	5d	1	1.20mi
619 Grove Ave Johnstown, PA	2.0	2.0	1100	$1,050	$0.95	45d	1	1.41mi

Listing history 2 events

1. 2026-05-05
   status Pending 1105-char remark
2. 2026-04-30
   listed $74,900 Active 1105-char remark

ⓘ 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: $1,215 · $101/mo
• Projected year-2 tax: $1,215 · $101/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 7 d/yr ≥91°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: $11,590
• − Mortgage interest: −$4,196
• − Property taxes: −$1,215
• − Insurance: −$374
• − Repairs & maintenance: −$927
• − Management: −$927
• − Depreciation: −$2,179
• Taxable income: $1,771
• Est. tax owed @ 24.0%: −$425
• After-tax cash flow: $2,428/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 Johnstown SD
• NCES district ID: 4210950
• Math proficiency: 9% ▼ -6.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $27,890
• Composite: 13.25/100
• National rank: #9550
• State rank: #509 of 539 in PA

Livability — Oakland

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Oakland, PA
• County: Cambria County · 30,791 people
• Metro: Johnstown, PA
• Population (ZIP): 11,462
• Household income: $44,215
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 266.0

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 (75%)
• Race & ethnicity: White 75% Two or more races 14% Black 8% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Slovak 2% Hungarian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -43.86%
• Current HPI: 108.2198
• 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

4 events — show timeline

• 2026-05-22 Pending — CSMLS
• 2026-05-19 Relisted — CSMLS
• 2026-05-05 Pending — CSMLS
• 2026-04-30 Listed $74,900 CSMLS

Property tax history

+0.9%/yr

Latest (2026): $1,215 · +0.0% YoY. Source: county tax records.