461 E Walnut St · York, PA 17403

$165,000

5 bd · 1.0 ba · 2,004 sqft · Townhouse public records · 110 Days on market

Built 1900 1,568 sqft lot $82/sqft · 23% above area Est $134k · 23% over

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Why this score? — see what drove the D+ 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 +23.1/30.0
• DSCR +7.4/10.0
• 1% rule +5.3/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property features plenty of space for a growing family or investment opportunity. Situated in the heart of the city. You will enjoy convenient access to shopping, restaurants and schools. The property also includes a fenced backyard perfect for outdoor gatherings. Currently owner occupied. Home is being sold as is! Please contact listing agent with any questions.

Key facts

• Fenced backyard
• Built 1900
• Listed 110 days

Tags

• FENCED BACKYARD
• CONVENIENT ACCESS TO SHOPPING
• CONVENIENT ACCESS TO SCHOOLS

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath townhouse listed at $165k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $150k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 5.0% in York — 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 75/100 on livability (#427 in PA, #3,987 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, crime F, employment F.
• York City SD (urban): math 4% / reading 16% proficiency, ranked #534 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.4%/yr); 213 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,328 units permitted in York County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,150 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 1.03% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.69%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (median comp): $134,166
• List price: $165,000
• Delta: 22.98%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
117 S Pine St	0.41mi	5/1.0	2,040 (+2%)	2mo	$174,000	$85	76
830 E Philadelphia St	0.39mi	5/1.0	1,924 (-4%)	2mo	$150,000	$78	73
802 Chestnut St	0.31mi	5/1.0	1,860 (-7%)	1mo	$145,000	$78	73
316 E King St	0.38mi	5/1.5	2,124 (+6%)	3mo	$185,000	$87	68
442 E Prospect St	0.53mi	5/1.5	1,926 (-4%)	0mo	$189,000	$98	66
60 N Tremont St	0.44mi	5/1.5	1,890 (-6%)	3mo	$160,000	$85	65
628 Chestnut St	0.16mi	5/2.0	1,740 (-13%)	3mo	$153,500	$88	64
41 W Philadelphia St	0.68mi	5/2.0	1,992 (-1%)	3mo	$300,000	$151	61
350 E Poplar St	0.40mi	5/1.0	1,740 (-13%)	2mo	$125,000	$72	58
23 N Albemarle St	0.57mi	5/1.0	1,836 (-8%)	3mo	$182,000	$99	57
249 E Princess St	0.49mi	4/1.5 (-1)	1,741 (-13%)	0mo	$189,900	$109	48
1061 Hay St	0.72mi	4/3.5 (-1)	2,064 (+3%)	2mo	$255,000	$124	45

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.88×
• Total profit: $-5,431
• Equity at exit: $24,602

10-year hold

• IRR: 8.0%
• Equity multiple: 1.65×
• Total profit: $29,926
• Equity at exit: $14,266

Cash invested: $46,200 (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 17403

• Home prices YoY: -26.9%
• Rents YoY: 4.4%
• Active inventory: 213
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,704 high
• Mortgage (P&I): −$865
• Tax from tax record: −$116 /mo · $1,392/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $296

Break-even live

Break-even rent $1,329

Max offer price $165,000

Occupancy floor 78%

Sensitivity live

Price	-10% $389	-5% $343	+0% $296	+5% $249	+10% $203
Rent	-10% $161	-5% $229	+0% $296	+5% $363	+10% $431
Rate	-1.0pp $379	-0.5pp $338	base $296	+0.5pp $253	+1.0pp $210

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
631 Wallace St Unit 631 York, PA	4.0	1.0	1545	$1,325	$0.86	14d	1	0.17mi
339 E Market St Unit 1 York, PA	4.0	1.5	1600	$1,650	$1.03	21d	1	0.23mi
720 Chestnut St Apt 2 York, PA	4.0	1.0	1400	$1,300	$0.93	14d	1	0.30mi
289 Union St York, PA	4.0	1.0	1450	$1,600	$1.10	44d	1	0.96mi
330 Smyser St York, PA	5.0	1.0	1634	$1,425	$0.87	44d	1	1.02mi
213 Kurtz Ave York, PA	5.0	1.0	1921	$1,850	$0.96	14d	1	1.12mi
119 W Jackson St York, PA	4.0	1.0	1800	$1,395	$0.78	44d	1	1.17mi
132 N West St York, PA	4.0	1.0	1560	$1,600	$1.03	14d	1	1.46mi
26 N West St York, PA	6.0	2.0	2100	$2,200	$1.05	21d	1	1.47mi

Listing history 18 events

1. 2026-06-13
   days on market $165,000 Active 110 DOM
2. 2026-06-10
   days on market $165,000 Active 108 DOM
3. 2026-06-09
   days on market $165,000 Active 107 DOM
4. 2026-06-08
   days on market $165,000 Active 106 DOM
5. 2026-06-07
   days on market $165,000 Active 105 DOM
6. 2026-06-03
   days on market $165,000 Active 101 DOM
7. 2026-06-02
   days on market $165,000 Active 100 DOM
8. 2026-06-01
   days on market $165,000 Active 99 DOM
9. 2026-05-31
   days on market $165,000 Active 98 DOM
10. 2026-05-30
    days on market $165,000 Active 97 DOM
11. 2026-03-12
    price $165,000 370-char remark

    Show marketing remark (370 chars)

    This property features plenty of space for a growing family or investment opportunity. Situated in the heart of the city. You will enjoy convenient access to shopping, restaurants and schools. The property also includes a fenced backyard perfect for outdoor gatherings. Currently owner occupied. Home is being sold as is! Please contact listing agent with any questions.

12. 2026-02-22
    listed $170,000 Active 370-char remark

    Show marketing remark (370 chars)

    This property features plenty of space for a growing family or investment opportunity. Situated in the heart of the city. You will enjoy convenient access to shopping, restaurants and schools. The property also includes a fenced backyard perfect for outdoor gatherings. Currently owner occupied. Home is being sold as is! Please contact listing agent with any questions.

13. 2024-10-07
    soldstatus $145,000 Closed 386-char remark

    Show marketing remark (386 chars)

    This property would make an excellent opportunity for an investor or someone looking to purchase this home for themselves. The property has many updates, and new renovations such as a full exterior renovation, windows, siding, soffit, shingles, fencing and landscaping. Interior, brand new professionally installed carpet and high end water proof vinyl planking, with many more updates.

14. 2024-10-03
    status Pending 386-char remark

    Show marketing remark (386 chars)

    This property would make an excellent opportunity for an investor or someone looking to purchase this home for themselves. The property has many updates, and new renovations such as a full exterior renovation, windows, siding, soffit, shingles, fencing and landscaping. Interior, brand new professionally installed carpet and high end water proof vinyl planking, with many more updates.

15. 2024-10-03
    soldstatus $145,000

    Show marketing remark (386 chars)

    This property would make an excellent opportunity for an investor or someone looking to purchase this home for themselves. The property has many updates, and new renovations such as a full exterior renovation, windows, siding, soffit, shingles, fencing and landscaping. Interior, brand new professionally installed carpet and high end water proof vinyl planking, with many more updates.

16. 2024-06-27
    listed $139,999 Active 386-char remark

    Show marketing remark (386 chars)

    This property would make an excellent opportunity for an investor or someone looking to purchase this home for themselves. The property has many updates, and new renovations such as a full exterior renovation, windows, siding, soffit, shingles, fencing and landscaping. Interior, brand new professionally installed carpet and high end water proof vinyl planking, with many more updates.

17. 1989-02-01
    soldstatus $12,750
18. 1988-03-28
    soldstatus $17,775

ⓘ 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: $1,392 · $116/mo
• Projected year-2 tax: $2,000 · $167/mo
• Expected delta: +$607/yr (+$51/mo · 43.6%)

ⓘ 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 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,446
• − Mortgage interest: −$9,243
• − Property taxes: −$1,392
• − Insurance: −$825
• − Repairs & maintenance: −$1,636
• − Management: −$1,636
• − Depreciation: −$4,800
• Taxable income: $914
• Est. tax owed @ 24.0%: −$219
• After-tax cash flow: $3,332/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: York City SD
• NCES district ID: 4226820
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 16% ▼ -9.00%
• Median HH income: $29,470
• Composite: 7.61/100
• National rank: #9943
• State rank: #534 of 539 in PA

Livability — York

• Score: 75/100
• State rank: #427
• US rank: #3987

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: York, PA
• County: York County · 278,806 people
• City population: 184,764
• Metro: York-Hanover, PA
• Population (ZIP): 40,287
• Household income: $75,384
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1305.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 60% Hispanic / Latino 20% Black 12% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Dominican 3%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 81% English-only · Spanish 14% Other Indo-European 1% Arabic 1%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.51%
• Current HPI: 284.0731
• Rent YoY: ▲ 4.43%
• Metro: York-Hanover, 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

+828.3% since first listed

8 events — show timeline

• 2026-03-12 Price Changed $165,000 BRIGHT MLS
• 2026-02-22 Listed $170,000 BRIGHT MLS
• 2024-10-07 Sold (MLS) $145,000 BRIGHT MLS
• 2024-10-03 Pending — BRIGHT MLS
• 2024-10-03 Sold (Public Records) $145,000 Public Records
• 2024-06-27 Listed $139,999 BRIGHT MLS
• 1989-02-01 Sold (Public Records) $12,750 Public Records
• 1988-03-28 Sold (Public Records) $17,775 Public Records

Property tax history

+0.7%/yr

Latest (2025): $1,392 · +0.9% YoY. Source: county tax records.