235 Felton Ave · Collingdale, PA 19023

$148,600

3 bd · 1.5 ba · 1,288 sqft · SingleFamily public records · 154 Days on market

Built 1920 2,614 sqft lot Est $270k · 45% 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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +8.0/10.0
• Rent growth +5.0/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Fantastic opportunity to own a 3-bedroom, 1-bath semi-detached home featuring a private backyard and a driveway. This is a bank owned property and is being sold in as-is condition. Buyer is responsible to order and pay for U & O Cert. Suitable for cash buyers or buyers using rehab/renovation loans only.

Key facts

• Driveway
• Private backyard
• Built 1920

Tags

• PRIVATE BACKYARD
• DRIVEWAY

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Natural gas for hot water
• Home design: Semi-detached structure
• Construction: Stucco exterior; Concrete perimeter foundation; Above-grade and below-grade structures
• Exterior features: Lot dimensions approximately 25 x 109; Semi-detached property

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Hot water heating; Natural gas heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 6.0% in Collingdale — 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 84/100 on livability (#105 in PA, #781 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, amenities D.
• Southeast Delco SD (suburban): math 13% / reading 33% proficiency, ranked #478 of 539 in PA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+13.1%/yr); 99 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• At $1,927/mo this rent would consume 50% of the median local household income ($46k/yr) (locally 1468% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 29y 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 $75k; list at $149k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,768 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.30% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.11%
• DSCR: 1.41
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $270,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Felton	0.03mi	3/1.5	1,288 (0%)	6mo	$275,000	$214	94
515 Beechwood	0.09mi	3/2.0	1,172 (-9%)	14mo	$275,000	$235	67
733 Eggleston	0.58mi	3/1.5	1,352 (+5%)	1mo	$271,000	$200	64
1025 Bartram Ave	0.53mi	3/1.0	1,334 (+4%)	12mo	$232,000	$174	57
101 S Glenwood Ave	0.61mi	3/2.0	1,375 (+7%)	4mo	$350,000	$255	55
811 Springfield Rd	0.73mi	3/2.0	1,218 (-5%)	1mo	$190,000	$156	54
1454 Watson Rd	0.73mi	3/2.0	1,214 (-6%)	4mo	$255,000	$210	51
1311 Spring St	0.64mi	3/2.0	1,152 (-11%)	2mo	$255,000	$221	49
123 Folcroft Ave	0.75mi	2/2.0 (-1)	1,214 (-6%)	10mo	$230,100	$190	41
1190 Clifton Ave	0.57mi	2/1.0 (-1)	1,159 (-10%)	13mo	$207,000	$179	39
437 E Magnolia Ave	0.68mi	3/1.5	1,470 (+14%)	10mo	$327,500	$223	36
905 Springfield Rd	0.67mi	4/2.0 (+1)	1,428 (+11%)	10mo	$155,000	$109	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 3.7%
• Equity multiple: 1.15×
• Total profit: $6,368
• Equity at exit: $22,157

10-year hold

• IRR: 18.0%
• Equity multiple: 2.88×
• Total profit: $78,378
• Equity at exit: $12,848

Cash invested: $41,608 (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 19023

• Rents YoY: 13.1%
• Active inventory: 99
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,927 high
• Mortgage (P&I): −$779
• Tax from tax record: −$365 /mo · $4,384/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $316

Break-even live

Break-even rent $1,527

Max offer price $148,600

Occupancy floor 79%

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: $37,150
• Closing costs: $4,458
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Felton Ave Darby, PA	3.0	1.0	1152	$1,750	$1.52	21d	1	0.11mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,450	$2.40	24d	1	0.14mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,350	$2.30	44d	1	0.14mi
2 Winthrop Rd Darby, PA	3.0	1.5	1224	$1,900	$1.55	21d	1	0.50mi
66 Folcroft Ave Folcroft, PA	3.0	1.0	1224	$1,895	$1.55	3d	1	0.66mi
909 Springfield Rd Unit D Darby, PA	4.0	1.0	900	$1,600	$1.78	43d	1	0.68mi
601 Poplar St Sharon Hill, PA	1.0–2.0	1.0	787	$1,599	$2.03	15d	5	0.69mi
209 Hamilton Ave Darby, PA	4.0	1.0	1400	$1,595	$1.14	15d	1	0.72mi
1300 Main St Unit Basement Darby, PA	2.0	1.0	1000	$1,450	$1.45	24d	1	0.79mi
304 Pine St Glenolden, PA	3.0	2.0	1120	$2,400	$2.14	43d	1	0.79mi
306 Pine St Glenolden, PA	3.0	2.0	1120	$2,400	$2.14	4d	1	0.80mi
132 Folcroft Ave Folcroft, PA	2.0	1.0	725	$1,679	$2.32	2d	3	0.81mi
700 Pine St Unit 2F Darby, PA	2.0	1.0	1100	$1,250	$1.14	18d	1	0.87mi
69 S 7th St Darby, PA	3.0	2.0	1446	$1,700	$1.18	43d	1	0.89mi
1503 Elmwood Ave Folcroft, PA	3.0	1.0	1025	$1,699	$1.66	24d	1	0.94mi
924 Maple Ter Darby, PA	3.0	1.5	1190	$2,000	$1.68	5d	1	0.95mi
1513 Elmwood Ave Unit 4 Folcroft, PA	3.0	1.0	1025	$1,699	$1.66	24d	1	0.95mi
37 Concord Rd Darby, PA	3.0	1.0	1120	$1,795	$1.60	43d	1	0.96mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	11d	1	0.97mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	5d	1	0.97mi
94 S 6th St Darby, PA	3.0	1.5	1666	$2,000	$1.20	24d	1	1.01mi
100 S Oak Ave Glenolden, PA	1.0–2.0	1.0–2.0	830	$1,500	$1.81	24d	3	1.03mi
145 Isabel Ave Unit 145B Glenolden, PA	2.0	1.0	890	$1,525	$1.71	43d	1	1.06mi
1074 N Academy Ave Glenolden, PA	3.0	1.0	1152	$1,850	$1.61	5d	1	1.08mi
820 Greenhill Rd Sharon Hill, PA	4.0	2.0	1184	$2,600	$2.20	5d	1	1.10mi
106 N 6th St Darby, PA	2.0	1.0	1200	$1,550	$1.29	43d	1	1.11mi
304 S 3rd St Darby, PA	3.0	1.0	1602	$1,595	$1.00	20d	1	1.17mi
304 S 3rd St Darby, PA	3.0	1.0	1602	$1,695	$1.06	43d	1	1.17mi
412 S 2nd St Darby, PA	3.0	1.0	1190	$1,100	$0.92	5d	1	1.20mi
902 Maple Ave Glenolden, PA	3.0	1.0	1152	$1,745	$1.51	43d	1	1.20mi
417 S 2nd St Darby, PA	3.0	1.0	1190	$1,020	$0.86	5d	1	1.22mi
925 Maple Ave Glenolden, PA	3.0	2.0	1152	$2,800	$2.43	21d	1	1.22mi
96 E Berkley Ave Clifton Heights, PA	2.0	1.5	1352	$1,850	$1.37	18d	1	1.33mi
201 Westbridge Rd Glenolden, PA	3.0	1.5	1224	$2,350	$1.92	24d	1	1.38mi
116 W Berkley Ave Clifton Heights, PA	4.0	2.0	1652	$2,600	$1.57	43d	1	1.40mi
319 S Church St Clifton Heights, PA	3.0	1.0	1152	$1,900	$1.65	43d	1	1.41mi
60 W Broadway Ave Clifton Heights, PA	3.0	1.0	1160	$2,200	$1.90	43d	1	1.44mi
312 E Baltimore Ave Clifton Heights, PA	1.0–2.0	1.0	812	$1,649	$2.03	2d	3	1.46mi
1519 Roosevelt Dr Sharon Hill, PA	3.0	1.5	1260	$2,295	$1.82	43d	1	1.48mi

Listing history 31 events

1. 2026-06-18
   days on market $148,600 Active 154 DOM
2. 2026-06-17
   days on market $148,600 Active 153 DOM
3. 2026-06-16
   days on market $148,600 Active 152 DOM
4. 2026-06-15
   days on market $148,600 Active 151 DOM
5. 2026-06-13
   days on market $148,600 Active 149 DOM
6. 2026-06-13
   days on market $148,600 Active 148 DOM
7. 2026-06-09
   days on market $148,600 Active 145 DOM
8. 2026-06-08
   days on market $148,600 Active 144 DOM
9. 2026-06-07
   days on market $148,600 Active 143 DOM
10. 2026-05-20
    status Active
11. 2026-04-18
    status Pending
12. 2026-03-03
    price $148,600
13. 2026-03-03
    status Active
14. 2026-03-03
    historical
15. 2026-02-25
    listed $148,600 Active
16. 2026-02-06
    historical
17. 2025-12-06
    price $160,650
18. 2025-11-08
    listed $178,500 Active
19. 2008-05-28
    historical
20. 2007-11-28
    listed $165,000
21. 2007-02-01
    historical
22. 2006-10-30
    listed $144,900
23. 2005-04-07
    soldstatus $75,000
24. 2005-04-01
    soldstatus $75,000
25. 2005-02-21
    historical
26. 2004-11-15
    listed $75,000
27. 1998-11-05
    historical
28. 1998-05-05
    listed $72,999
29. 1997-12-17
    historical
30. 1997-07-17
    listed $80,000
31. 1993-10-22
    soldstatus $75,000

ⓘ 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: $4,384 · $365/mo
• Projected year-2 tax: $4,384 · $365/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 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,126
• − Mortgage interest: −$8,324
• − Property taxes: −$4,384
• − Insurance: −$743
• − Repairs & maintenance: −$1,850
• − Management: −$1,850
• − Depreciation: −$4,323
• Taxable income: $1,652
• Est. tax owed @ 24.0%: −$397
• After-tax cash flow: $3,395/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: Southeast Delco SD
• NCES district ID: 4222400
• Math proficiency: 13% ▼ -8.00%
• Reading proficiency: 33% ▼ -9.00%
• Median HH income: $49,309
• Composite: 20.25/100
• National rank: #8623
• State rank: #478 of 539 in PA

Livability — Collingdale

• Score: 84/100
• State rank: #105
• US rank: #781

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Collingdale, PA
• County: Delaware County · 399,863 people
• City population: 22,247
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 22,247
• Household income: $46,463
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 1468.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (76%)
• Race & ethnicity: Black 76% White 15% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Swiss 5% Hispanic 1% Romanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 84% English-only · French/Haitian/Cajun 4% Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.50%
• Current HPI: 277.7034
• Rent YoY: ▲ 13.10%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+98.1% since first listed

22 events — show timeline

• 2026-05-20 Relisted — BRIGHT MLS
• 2026-04-18 Pending — BRIGHT MLS
• 2026-03-03 Price Changed $148,600 BRIGHT MLS
• 2026-03-03 Relisted — BRIGHT MLS
• 2026-03-03 Listing Removed — BRIGHT MLS
• 2026-02-25 Listed $148,600 BRIGHT MLS
• 2026-02-06 Listing Removed — BRIGHT MLS
• 2025-12-06 Price Changed $160,650 BRIGHT MLS
• 2025-11-08 Listed $178,500 BRIGHT MLS
• 2008-05-28 Listing Removed — BRIGHT MLS
• 2007-11-28 Listed $165,000 BRIGHT MLS
• 2007-02-01 Listing Removed — BRIGHT MLS
• 2006-10-30 Listed $144,900 BRIGHT MLS
• 2005-04-07 Sold (Public Records) $75,000 Public Records
• 2005-04-01 Sold (MLS) $75,000 BRIGHT MLS
• 2005-02-21 Listing Removed — BRIGHT MLS
• 2004-11-15 Listed $75,000 BRIGHT MLS
• 1998-11-05 Listing Removed — BRIGHT MLS
• 1998-05-05 Listed $72,999 BRIGHT MLS
• 1997-12-17 Listing Removed — BRIGHT MLS
• 1997-07-17 Listed $80,000 BRIGHT MLS
• 1993-10-22 Sold (Public Records) $75,000 Public Records

Property tax history

+2.4%/yr

Latest (2026): $4,384 · -5.9% YoY. Source: county tax records.