570 High St · Conneaut Lake, PA 16316

$172,500

3 bd · 1.5 ba · 1,728 sqft · SingleFamily · 14 Days on market

Built 1986 9,757 sqft lot Est $181k · at est.

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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).

• Cash flow +13.0/30.0
• Appreciation +10.0/10.0
• ARV discount +9.7/15.0
• Schools +4.0/10.0
• DSCR +3.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0

Listing remarks MLS

3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

Key facts

• Remodeled
• Formal dining room
• 22 acre lot

Tags

• REMODELED
• FORMAL DINING ROOM
• SPACIOUS KITCHEN
• BONUS ROOM
• FULL UNFINISHED DRY BASEMENT
• 22 ACRE LOT

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 2-story house; Asphalt roof
• Construction: Asphalt roof
• Exterior features: Lot approximately 0.49 acres; Resale condition

Interior

• Kitchen: Kitchen 14x13; Microwave; Stove; Some electric appliances
• Bedrooms: Bedroom (Upper) 11x10; Bedroom (Upper) 14x9; Bedroom (Upper) 13x13
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (gas)
• Interior features: Full walk-up basement; Total of 8 rooms
• Laundry & utility: Main-level laundry 7x5

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $-9 ($-109/yr) — negative.
• To cash-flow at today's rent, offer at most $171k (0.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $127k (26.3% below list).
• Recommended offer: $127k (26.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 73/100 on livability (#536 in PA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A-; Watch: health & safety D, amenities F.
• Conneaut SD (rural): math 38% / reading 57% proficiency, ranked #241 of 539 in PA (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 65 active listings in the ZIP; 83 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Crawford County population projected at -22% 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 $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.
• Current owner paid $68k; list at $172k implies a 154% gain — meaningful room to come down on a strong offer.

Recommended offer $127,106 (26.3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.74% ✗
• Cap rate: 6.23%
• Cash-on-cash: -0.22%
• DSCR: 0.99
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $181,440
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
665 Water St	0.10mi	3/1.5	1,598 (-8%)	19mo	$168,000	$105	67

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

Projected returns pro-forma

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

5-year hold

• IRR: 24.1%
• Equity multiple: 2.93×
• Total profit: $93,281
• Equity at exit: $155,402

10-year hold

• IRR: 21.4%
• Equity multiple: 6.69×
• Total profit: $274,970
• Equity at exit: $335,130

Cash invested: $48,300 (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 16316

• Home prices YoY: 21.5%
• Active inventory: 65
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,271 medium
• Mortgage (P&I): −$905
• Tax from tax record: −$37 /mo · $440/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $-9

Break-even live

Break-even rent $1,283

Max offer price $170,901

Occupancy floor 96%

Sensitivity live

Price	-10% $89	-5% $40	+0% $-9	+5% $-58	+10% $-107
Rent	-10% $-109	-5% $-59	+0% $-9	+5% $41	+10% $91
Rate	-1.0pp $78	-0.5pp $35	base $-9	+0.5pp $-54	+1.0pp $-99

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: $43,125
• Closing costs: $5,175
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $172,500 Active 14 DOM
2. 2026-06-18
   days on market $172,500 Active 13 DOM
3. 2026-06-17
   days on market $172,500 Active 12 DOM
4. 2026-06-16
   days on market $172,500 Active 11 DOM
5. 2026-06-15
   days on market $172,500 Active 10 DOM
6. 2026-06-14
   days on market $172,500 Active 8 DOM
7. 2026-06-12
   days on market $172,500 Active 7 DOM
8. 2026-06-09
   pricestatusdays on marketlisting id $172,500 Active 4 DOM
9. 2026-06-03
   statusdays on market $169,900 Pending 164 DOM
10. 2026-06-02
    days on market $169,900 Contingent 163 DOM
11. 2026-06-01
    days on market $169,900 Contingent 162 DOM
12. 2026-05-31
    days on market $169,900 Contingent 161 DOM
13. 2026-05-30
    days on market $169,900 Contingent 160 DOM
14. 2026-04-02
    historical Contingent
15. 2026-02-05
    price $169,900
16. 2025-12-21
    listed $177,900 Active
17. 2024-10-08
    soldstatus $68,000 Closed 263-char remark

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

18. 2024-10-08
    soldstatus $68,000

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

19. 2024-09-07
    status Pending 263-char remark

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

20. 2024-09-01
    historical Active Under Contract 263-char remark

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

21. 2024-08-31
    status Pending 263-char remark

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

22. 2024-08-21
    listed $79,900 Active 263-char remark

    Show marketing remark (263 chars)

    3 Bedroom, 1 1/2 bath home with newer furnace, and hot water tank. Main floor laundry. Updated electric and vinyl windows. Bring your imagination and create a brand new home for yourself. Large side yard for parking your toys for the lake. Close to Conneaut Lake.

ⓘ 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: $440 · $37/mo
• Projected year-2 tax: $1,583 · $132/mo
• Expected delta: +$1,143/yr (+$95/mo · 259.4%)

ⓘ 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 2/10 Low 7 d/yr ≥93°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,253
• − Mortgage interest: −$9,663
• − Property taxes: −$440
• − Insurance: −$862
• − Repairs & maintenance: −$1,220
• − Management: −$1,220
• − Depreciation: −$5,018
• Taxable loss: −$3,172
• Est. tax savings @ 24.0%: +$761
• After-tax cash flow: $653/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: Conneaut SD
• NCES district ID: 4206590
• Math proficiency: 38% ▼ -7.00%
• Reading proficiency: 57% ▼ -7.00%
• Median HH income: $43,946
• Composite: 40.06/100
• National rank: #3813
• State rank: #241 of 539 in PA

Livability — Conneaut Lake

• Score: 73/100
• State rank: #536
• US rank: #5012

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Conneaut Lake, PA
• Population (ZIP): 4,688

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 81,399 people
• By 2030: 77,977 · -4.2%
• By 2040: 70,659 · -13.2%
• By 2050: 63,841 · -21.6%
• By 2075: 50,198 · -38.3%
• By 2100: 37,898 · -53.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Serbian 2% Lithuanian 2%
• Foreign-born: 0%
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+39.2) · D 30.0% · R 69.2%
• 2008→2024 swing: -28.8pp toward R · 2008: -10.4pp · 2024: -39.2pp
• All cycles: 2024: R+39.2 2020: R+37.2 2016: R+38.5 2012: R+19.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 59.22%
• Current HPI: 334.4533
• 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

+112.6% since first listed

9 events — show timeline

• 2026-04-02 Contingent — West Penn MLS
• 2026-02-05 Price Changed $169,900 West Penn MLS
• 2025-12-21 Listed $177,900 West Penn MLS
• 2024-10-08 Sold (Public Records) $68,000 Public Records
• 2024-10-08 Sold (MLS) $68,000 GEBOR
• 2024-09-07 Pending — GEBOR
• 2024-09-01 Contingent — GEBOR
• 2024-08-31 Pending — GEBOR
• 2024-08-21 Listed $79,900 GEBOR

Property tax history

-11.7%/yr

Latest (2025): $440 · -73.5% YoY. Source: county tax records.