99 Hospital St · Ridgway, PA 15853

$129,900

4 bd · 1.0 ba · 1,725 sqft · Other · 59 Days on market

Built 1994 Good condition 4,966 sqft lot $75/sqft · 44% below area Est $232k · 44% under

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Why this score? — see what drove the C 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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +9.9/30.0
• Schools +5.1/10.0
• 1% rule +4.6/10.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0

Listing remarks MLS

Ranch style home conversion in Ridgway, PA! Transform this office building into a single family residence or a multi-family investment property. ADA ramp entrance with off-street parking on both sides of the building. BRAND NEW ROOF, AC/FURNACE, RETAINING WALL, AND SIDEWALKS! Awaiting your transformation, call today! (Owner is a PA licensed real estate agent)

Key facts

• Brand new roof
• Ac furnace
• Ranch style home

Tags

• RANCH STYLE HOME
• ADA RAMP ENTRANCE
• OFF-STREET PARKING
• BRAND NEW ROOF
• AC FURNACE
• RETAINING WALL

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-80 ($-957/yr) — negative.
• To cash-flow at today's rent, offer at most $116k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $125k (3.5% below list).
• Recommended offer: $116k (10.9% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 66/100 on livability (#1,032 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, schools A; Watch: health & safety D, amenities F, commute F.
• Ridgway Area SD (town): math 53% / reading 68% proficiency, ranked #79 of 539 in PA (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 25 active listings in the ZIP; 53 units permitted in Elk County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($898 loan paydown + $13k appreciation (10.0% local appreciation)).
• Elk County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $130k implies a 229% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.

Recommended offer $115,805 (10.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.96% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.63%
• DSCR: 0.88
• GRM: 8.6

CMA / ARV

• ARV (median comp): $231,892
• List price: $129,900
• Delta: -43.98%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 2.81×
• Total profit: $65,790
• Equity at exit: $117,024

10-year hold

• IRR: 20.1%
• Equity multiple: 6.44×
• Total profit: $197,984
• Equity at exit: $252,367

Cash invested: $36,372 (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 15853

• Home prices YoY: 9.2%
• Active inventory: 25
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,253 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$335 /mo · $4,014/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $-80

Break-even live

Break-even rent $1,354

Max offer price $115,805

Occupancy floor —

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $129,900 Active 59 DOM
2. 2026-06-17
   days on market $129,900 Active 58 DOM
3. 2026-06-16
   days on market $129,900 Active 57 DOM
4. 2026-06-15
   days on market $129,900 Active 56 DOM
5. 2026-06-13
   days on market $129,900 Active 54 DOM
6. 2026-06-12
   days on market $129,900 Active 53 DOM
7. 2026-06-09
   days on market $129,900 Active 50 DOM
8. 2026-06-08
   days on market $129,900 Active 49 DOM
9. 2026-06-08
   days on market $129,900 Active 48 DOM
10. 2026-06-04
    days on market $129,900 Active 44 DOM
11. 2026-06-02
    days on market $129,900 Active 43 DOM
12. 2026-06-01
    days on market $129,900 Active 42 DOM
13. 2026-05-31
    days on market $129,900 Active 41 DOM
14. 2026-04-20
    listed $129,900 Active 364-char remark

    Show marketing remark (364 chars)

    Ranch style home conversion in Ridgway, PA! Transform this office building into a single family residence or a multi-family investment property. ADA ramp entrance with off-street parking on both sides of the building. BRAND NEW ROOF, AC/FURNACE, RETAINING WALL, AND SIDEWALKS! Awaiting your transformation, call today! (Owner is a PA licensed real estate agent)

15. 2024-12-20
    soldstatus $39,500

ⓘ 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: $4,014 · $335/mo
• Projected year-2 tax: $4,014 · $335/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 8 d/yr ≥89°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,039
• − Mortgage interest: −$7,276
• − Property taxes: −$4,014
• − Insurance: −$650
• − Repairs & maintenance: −$1,203
• − Management: −$1,203
• − Depreciation: −$3,779
• Taxable loss: −$3,086
• Est. tax savings @ 24.0%: +$741
• After-tax cash flow: $-217/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.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab

This well-maintained, single-family conversion property in Ridgway, PA, with a new roof and HVAC, is ready for a cosmetic renovation to enhance its resale and rental value.

Value-add opportunities

• Both ADA ramp entrance — Improves accessibility and appeal
• Both Landscaping and curb appeal — Enhances curb appeal and property value
• Both Interior updates — Modernizes the interior and enhances value

Renovation cost estimate screening

Value-add ROI direction

• Both ADA ramp entrance — Improves accessibility and appeal ↑
• Both Landscaping and curb appeal — Enhances curb appeal and property value ↑
• Both Interior updates — Modernizes the interior and enhances value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Ridgway Area SD
• NCES district ID: 4220310
• Math proficiency: 53% ▼ -8.00%
• Reading proficiency: 68% ▼ -4.00%
• Median HH income: $43,406
• Composite: 50.8/100
• National rank: #1807
• State rank: #79 of 539 in PA

Livability — Ridgway

• Score: 66/100
• State rank: #1032
• US rank: #11497

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgway, PA
• Population (ZIP): 6,330

Population outlook (Elk County) Hauer SSP2

• Today (2025): 28,567 people
• By 2030: 27,172 · -4.9%
• By 2040: 24,111 · -15.6%
• By 2050: 20,967 · -26.6%
• By 2075: 15,355 · -46.2%
• By 2100: 10,418 · -63.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4%
• Common ancestry: Romanian 7% Lithuanian 2% Italian 2%
• Foreign-born: 1% · China

Political lean MEDSL · Elk

• 2024 margin: Solid R (+47.0) · D 26.1% · R 73.1%
• 2008→2024 swing: -51.3pp toward R · 2008: 4.3pp · 2024: -47.0pp
• All cycles: 2024: R+47.0 2020: R+45.1 2016: R+43.8 2012: R+15.7 2008: D+4.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 10.34%
• Current HPI: 122.9988
• 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

+228.9% since first listed

2 events — show timeline

• 2026-04-20 Listed $129,900 UNYREIS
• 2024-12-20 Sold (Public Records) $39,500 Public Records

Property tax history

+2.9%/yr

Latest (2026): $4,014 · +4.1% YoY. Source: county tax records.