337 Main St · Lykens, PA 17048

$59,000

3 bd · 1.0 ba · 1,424 sqft · SingleFamily public records · 247 Days on market

Built 1900 6,970 sqft lot $41/sqft · 53% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +4.8/10.0
• Schools +3.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover a hidden gem in this charming 3-bedroom, 1-bathroom traditional home, built in 1900 and brimming with potential. With 1,520 sq. ft. of space and an unfinished basement, this property offers a blank canvas for savvy investors looking to maximize returns. New roof was installed in 2024. The generous 0.16-acre lot provides ample room for outdoor enhancements or future expansions, making it an ideal candidate for value appreciation. Located in a tranquil area, this detached home invites creativity and personalization, whether for rental opportunities or resale. With a little vision and renovation, this property can transform into a cozy retreat or a lucrative rental. Don't miss the chance to invest in a property with solid bones and endless possibilities-your next successful venture awaits!

Key facts

• Generous lot
• Outdoor enhancements
• Future expansions

Tags

• UNFINISHED BASEMENT
• NEW ROOF
• GENEROUS LOT
• OUTDOOR ENHANCEMENTS
• FUTURE EXPANSIONS
• RENTAL OPPORTUNITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $52k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#969 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• Upper Dauphin Area SD (rural): math 37% / reading 55% proficiency, ranked #259 of 539 in PA (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 26 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).

Forward outlook

• In year one you build about $124 of equity ($408 loan paydown + $-284 appreciation (-0.5% local appreciation)).
• At projected returns (-0.5% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 247 days — a 12% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $31k; list at $59k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 247 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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.03% ✓
• Cap rate: 17.36%
• Cash-on-cash: 39.52%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (median comp): $135,370
• List price: $59,000
• Delta: -56.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
422 North St	0.13mi	3/2.0	1,636 (+15%)	2mo	$287,000	$175	63
521 S 2nd St	0.22mi	2/2.0 (-1)	1,503 (+6%)	11mo	$205,000	$136	62
454 S 2nd St	0.16mi	3/2.0	1,596 (+12%)	10mo	$174,900	$110	60
433 S 2nd St	0.12mi	4/2.0 (+1)	1,598 (+12%)	7mo	$154,500	$97	59
700 South St	0.51mi	3/1.0	1,316 (-8%)	12mo	$165,000	$125	53
618 Park View Rd	0.50mi	3/1.5	1,296 (-9%)	15mo	$234,000	$181	47
519 S 2nd St	0.22mi	2/1.0 (-1)	1,248 (-12%)	23mo	$61,000	$49	45
767 Main St	0.63mi	3/1.5	1,603 (+13%)	10mo	$120,000	$75	39
822 Main St	0.72mi	3/1.5	1,265 (-11%)	23mo	$175,000	$138	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.5%
• Equity multiple: 2.70×
• Total profit: $28,113
• Equity at exit: $15,726

10-year hold

• IRR: 39.4%
• Equity multiple: 5.30×
• Total profit: $71,022
• Equity at exit: $17,815

Cash invested: $16,520 (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 17048

• Home prices YoY: -0.2%
• Active inventory: 26
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,200 medium
• Mortgage (P&I): −$309
• Tax from tax record: −$70 /mo · $840/yr
• Insurance: −$25
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $488

Break-even live

Break-even rent $582

Max offer price $59,000

Occupancy floor 54%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
609 Spruce St Lykens, PA	2.0	1.0	1404	$1,200	$0.85	44d	1	0.52mi

Listing history 3 events

1. 2026-05-13
   status Pending 807-char remark

   Show marketing remark (807 chars)

   Discover a hidden gem in this charming 3-bedroom, 1-bathroom traditional home, built in 1900 and brimming with potential. With 1,520 sq. ft. of space and an unfinished basement, this property offers a blank canvas for savvy investors looking to maximize returns. New roof was installed in 2024. The generous 0.16-acre lot provides ample room for outdoor enhancements or future expansions, making it an ideal candidate for value appreciation. Located in a tranquil area, this detached home invites creativity and personalization, whether for rental opportunities or resale. With a little vision and renovation, this property can transform into a cozy retreat or a lucrative rental. Don't miss the chance to invest in a property with solid bones and endless possibilities-your next successful venture awaits!

2. 2025-09-08
   listed $59,000 Active 807-char remark

   Show marketing remark (807 chars)

   Discover a hidden gem in this charming 3-bedroom, 1-bathroom traditional home, built in 1900 and brimming with potential. With 1,520 sq. ft. of space and an unfinished basement, this property offers a blank canvas for savvy investors looking to maximize returns. New roof was installed in 2024. The generous 0.16-acre lot provides ample room for outdoor enhancements or future expansions, making it an ideal candidate for value appreciation. Located in a tranquil area, this detached home invites creativity and personalization, whether for rental opportunities or resale. With a little vision and renovation, this property can transform into a cozy retreat or a lucrative rental. Don't miss the chance to invest in a property with solid bones and endless possibilities-your next successful venture awaits!

3. 1986-02-18
   soldstatus $31,000

ⓘ 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: $840 · $70/mo
• Projected year-2 tax: $886 · $74/mo
• Expected delta: +$46/yr (+$4/mo · 5.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 8 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,400
• − Mortgage interest: −$3,305
• − Property taxes: −$840
• − Insurance: −$962
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$1,716
• Taxable income: $5,273
• Est. tax owed @ 24.0%: −$1,266
• After-tax cash flow: $4,596/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: Upper Dauphin Area SD
• NCES district ID: 4224360
• Math proficiency: 37% ▼ -3.00%
• Reading proficiency: 55% ▼ -8.00%
• Median HH income: $48,201
• Composite: 39.23/100
• National rank: #4012
• State rank: #259 of 539 in PA

Livability — Lykens

• Score: 67/100
• State rank: #969
• US rank: #10571

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lykens, PA
• Population (ZIP): 3,801

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 8% Hispanic / Latino 2% Asian 2%
• Common ancestry: Polish 4% Romanian 3% Iranian 3%
• Foreign-born: 1% · Canada, India
• Languages at home: 88% English-only · German/W. Germanic 10% Spanish 2%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.48%
• Current HPI: 241.7628
• 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

+90.3% since first listed

3 events — show timeline

• 2026-05-13 Pending — BRIGHT MLS
• 2025-09-08 Listed $59,000 BRIGHT MLS
• 1986-02-18 Sold (Public Records) $31,000 Public Records

Property tax history

+2.2%/yr

Latest (2026): $840 · +5.6% YoY. Source: county tax records.