703 Indiana Ave · Monaca, PA 15061

$117,500

4 bd · 1.0 ba · 2,313 sqft · SingleFamily public records · 41 Days on market

Built 1880 4,791 sqft lot $51/sqft · 38% below area Est $189k · 38% 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +9.1/10.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This home at 703 Indiana Ave in Monaca Boro features three bedrooms and two full bathrooms, offering large room sizes and a functional layout that supports a variety of living arrangements. A covered front porch adds a welcoming outdoor space, while the flat, fenced-in backyard provides room for recreation, pets, or gardening. A shed offers additional storage for tools and equipment. Conveniently located near local shops, dining, and everyday amenities, the property offers a practical combination of space and accessibility.

Key facts

• Covered front porch
• Near dining
• Near local shops

Tags

• COVERED FRONT PORCH
• FLAT FENCED IN BACKYARD
• ADDITIONAL STORAGE
• NEAR LOCAL SHOPS
• NEAR DINING
• NEAR EVERYDAY AMENITIES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 2-story home
• Construction: Built on standard foundation
• Exterior features: Resale property

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced-air gas heating
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $118k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $118k).
• Recommended offer: $114k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 4.6% in Monaca — 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 81/100 on livability (#182 in PA, #1,516 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, employment D-.
• Market conditions: 80 active listings in the ZIP; 272 units permitted in Beaver County in 2024 (80 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $812 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Beaver County population projected at -14% 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 $33k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $94k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; flood insurance adds $56/mo; built in 1880 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,975 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1880 — 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-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?
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: 1.41% ✓
• Cap rate: 10.01%
• Cash-on-cash: 13.27%
• DSCR: 1.59
• GRM: 5.9

CMA / ARV

• ARV (median comp): $188,622
• List price: $117,500
• Delta: -37.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
211 11th St	0.32mi	4/2.0	2,178 (-6%)	3mo	$111,000	$51	69
1106 Atlantic Ave	0.35mi	4/2.5	2,048 (-12%)	2mo	$242,250	$118	57
1032 Grove St	0.67mi	3/2.0 (-1)	2,288 (-1%)	7mo	$250,000	$109	52
1030 Indiana Ave	0.30mi	4/2.0	2,005 (-13%)	13mo	$151,500	$76	49
1035 Grove St	0.68mi	4/3.5	2,172 (-6%)	2mo	$365,000	$168	46

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: 0.6%
• Equity multiple: 1.02×
• Total profit: $734
• Equity at exit: $17,520

10-year hold

• IRR: 10.3%
• Equity multiple: 1.81×
• Total profit: $26,499
• Equity at exit: $10,159

Cash invested: $32,900 (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 15061

• Home prices YoY: -28.6%
• Active inventory: 80
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,661 medium
• Mortgage (P&I): −$616
• Tax from tax record: −$284 /mo · $3,403/yr
• Insurance: −$49
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $308

Break-even live

Break-even rent $1,271

Max offer price $117,500

Occupancy floor 76%

Sensitivity live

Price	-10% $375	-5% $341	+0% $308	+5% $275	+10% $242
Rent	-10% $177	-5% $243	+0% $308	+5% $374	+10% $439
Rate	-1.0pp $367	-0.5pp $338	base $308	+0.5pp $278	+1.0pp $247

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: $29,375
• Closing costs: $3,525
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $117,500 Active 41 DOM
2. 2026-06-18
   days on market $117,500 Active 38 DOM
3. 2026-06-17
   days on market $117,500 Active 37 DOM
4. 2026-06-16
   days on market $117,500 Active 36 DOM
5. 2026-06-15
   days on market $117,500 Active 35 DOM
6. 2026-06-13
   days on market $117,500 Active 33 DOM
7. 2026-06-13
   days on market $117,500 Active 32 DOM
8. 2026-06-09
   days on market $117,500 Active 29 DOM
9. 2026-06-08
   days on market $117,500 Active 28 DOM
10. 2026-06-07
    days on market $117,500 Active 27 DOM
11. 2026-06-03
    days on market $117,500 Active 23 DOM
12. 2026-06-02
    days on market $117,500 Active 22 DOM
13. 2026-06-01
    days on market $117,500 Active 21 DOM
14. 2026-05-31
    days on market $117,500 Active 20 DOM
15. 2026-05-05
    listed $117,500 Active 529-char remark
16. 2006-07-03
    soldstatus $94,000
17. 1993-10-14
    soldstatus $20,000
18. 1983-02-21
    soldstatus $40,000

ⓘ 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: $3,403 · $284/mo
• Projected year-2 tax: $3,403 · $284/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 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥97°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,936
• − Mortgage interest: −$6,582
• − Property taxes: −$3,403
• − Insurance: −$1,254
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$3,418
• Taxable income: $2,090
• Est. tax owed @ 24.0%: −$502
• After-tax cash flow: $3,197/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)

No district data.

Livability — Monaca

• Score: 81/100
• State rank: #182
• US rank: #1516

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Monaca, PA
• County: Beaver County · 116,001 people
• City population: 12,413
• Metro: Pittsburgh, PA
• Population (ZIP): 12,413
• Household income: $73,010
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 123.0

Population outlook (Beaver County) Hauer SSP2

• Today (2025): 164,976 people
• By 2030: 161,449 · -2.1%
• By 2040: 151,752 · -8.0%
• By 2050: 141,155 · -14.4%
• By 2075: 118,142 · -28.4%
• By 2100: 91,740 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Black 5% Hispanic / Latino 3%
• Common ancestry: Romanian 6% Serbian 3% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Beaver

• 2024 margin: Strong R (+20.7) · D 39.2% · R 59.9%
• 2008→2024 swing: -17.9pp toward R · 2008: -2.8pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+17.7 2016: R+20.1 2012: R+6.6 2008: R+2.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.11%
• Current HPI: 232.6703
• Rent YoY: —
• Metro: Pittsburgh, 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

+193.8% since first listed

4 events — show timeline

• 2026-05-05 Listed $117,500 West Penn MLS
• 2006-07-03 Sold (Public Records) $94,000 Public Records
• 1993-10-14 Sold (Public Records) $20,000 Public Records
• 1983-02-21 Sold (Public Records) $40,000 Public Records

Property tax history

+6.0%/yr

Latest (2026): $3,403 · +4.3% YoY. Source: county tax records.