224 7th Ave · Burnham, PA 17009

$150,000

4 bd · 1.5 ba · 1,568 sqft · Other public records · 189 Days on market

Built 1950 4,356 sqft lot $96/sqft · 18% below area Est $183k · 18% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +9.2/10.0
• 1% rule +8.3/10.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Step right into this beautiful 2 story home in the heart of Burnham. This home is well cared for and features a large living room, separate sitting room or office space, big kitchen with a separate pantry with laundry, a dinning room, & first floor full bathroom. The 2nd floor boosts 4 big bedrooms and a full bathroom, lots of storage space in the attic and basement. The home has a large covered front porch, & rear porch, small yard for low maintenance. Easy living in a great area. Forced are heating, updated electrical, & fresh updates throughout.

Key facts

• Separate pantry
• Large living room
• Big kitchen

Tags

• LARGE LIVING ROOM
• SEPARATE SITTING ROOM
• BIG KITCHEN
• SEPARATE PANTRY
• FIRST FLOOR FULL BATHROOM
• LOTS OF STORAGE SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $150k.

Deal economics

• At list price, monthly cash flow is $606 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#634 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Mifflin County SD (town): math 28% / reading 49% proficiency, ranked #380 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 14 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 58 units permitted in Mifflin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($1k loan paydown + $12k appreciation (8.3% local appreciation)).
• Mifflin County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.3% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $18k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $150k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.33% ✓
• Cap rate: 11.14%
• Cash-on-cash: 17.32%
• DSCR: 1.77
• GRM: 6.2

CMA / ARV

• ARV (median comp): $183,292
• List price: $150,000
• Delta: -18.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

8.31% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.1%
• Equity multiple: 3.46×
• Total profit: $103,359
• Equity at exit: $117,121

10-year hold

• IRR: 30.2%
• Equity multiple: 7.46×
• Total profit: $271,358
• Equity at exit: $235,568

Cash invested: $42,000 (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 17009

• Home prices YoY: 3.5%
• Active inventory: 14
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$125 /mo · $1,497/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $606

Break-even live

Break-even rent $1,233

Max offer price $150,000

Occupancy floor 65%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 4th Ave Burnham, PA	3.0	2.0	1960	$2,000	$1.02	43d	1	0.19mi

Listing history 22 events

1. 2026-06-18
   days on market $150,000 Active 189 DOM
2. 2026-06-17
   days on market $150,000 Active 188 DOM
3. 2026-06-16
   days on market $150,000 Active 187 DOM
4. 2026-06-15
   days on market $150,000 Active 186 DOM
5. 2026-06-13
   days on market $150,000 Active 184 DOM
6. 2026-06-12
   days on market $150,000 Active 183 DOM
7. 2026-06-09
   days on market $150,000 Active 180 DOM
8. 2026-06-08
   days on market $150,000 Active 179 DOM
9. 2026-06-08
   days on market $150,000 Active 178 DOM
10. 2026-06-07
    days on market $150,000 Active 177 DOM
11. 2026-06-04
    days on market $150,000 Active 174 DOM
12. 2026-06-02
    days on market $150,000 Active 173 DOM
13. 2026-06-01
    days on market $150,000 Active 172 DOM
14. 2026-05-31
    days on market $150,000 Active 171 DOM
15. 2026-04-07
    price $150,000 569-char remark

    Show marketing remark (569 chars)

    Step right into this beautiful 2 story home in the heart of Burnham. This home is well cared for and features a large living room, separate sitting room or office space, big kitchen with a separate pantry with laundry, a dinning room, & first floor full bathroom. The 2nd floor boosts 4 big bedrooms and a full bathroom, lots of storage space in the attic and basement. The home has a large covered front porch, & rear porch, small yard for low maintenance. Easy living in a great area. Forced are heating, updated electrical, & fresh updates throughout.

16. 2026-01-02
    price $157,500 569-char remark

    Show marketing remark (569 chars)

    Step right into this beautiful 2 story home in the heart of Burnham. This home is well cared for and features a large living room, separate sitting room or office space, big kitchen with a separate pantry with laundry, a dinning room, & first floor full bathroom. The 2nd floor boosts 4 big bedrooms and a full bathroom, lots of storage space in the attic and basement. The home has a large covered front porch, & rear porch, small yard for low maintenance. Easy living in a great area. Forced are heating, updated electrical, & fresh updates throughout.

17. 2025-12-11
    listed $167,500 Active 569-char remark

    Show marketing remark (569 chars)

    Step right into this beautiful 2 story home in the heart of Burnham. This home is well cared for and features a large living room, separate sitting room or office space, big kitchen with a separate pantry with laundry, a dinning room, & first floor full bathroom. The 2nd floor boosts 4 big bedrooms and a full bathroom, lots of storage space in the attic and basement. The home has a large covered front porch, & rear porch, small yard for low maintenance. Easy living in a great area. Forced are heating, updated electrical, & fresh updates throughout.

18. 2019-08-09
    soldstatus $35,000 168-char remark

    Show marketing remark (168 chars)

    Burnham-4 Bedroom, 2 bath home on quiet street. A little TLC would make this a great starter home or investment property. Home is being sold ''as-is''. 100 amp service.

19. 2019-08-08
    soldstatus $35,000
20. 2019-08-07
    soldstatus $35,000
21. 2018-10-02
    listed $45,000
22. 2018-10-01
    listed $45,000 168-char remark

    Show marketing remark (168 chars)

    Burnham-4 Bedroom, 2 bath home on quiet street. A little TLC would make this a great starter home or investment property. Home is being sold ''as-is''. 100 amp service.

ⓘ 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: $1,497 · $125/mo
• Projected year-2 tax: $1,934 · $161/mo
• Expected delta: +$436/yr (+$36/mo · 29.1%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥98°F today · 18 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: $24,000
• − Mortgage interest: −$8,402
• − Property taxes: −$1,497
• − Insurance: −$750
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$4,364
• Taxable income: $5,147
• Est. tax owed @ 24.0%: −$1,235
• After-tax cash flow: $6,038/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: Mifflin County SD
• NCES district ID: 4215290
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 49% ▼ -9.00%
• Median HH income: $40,718
• Composite: 32.28/100
• National rank: #5755
• State rank: #380 of 539 in PA

Livability — Burnham

• Score: 72/100
• State rank: #634
• US rank: #6172

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burnham, PA
• City population: 2,804
• Population (ZIP): 1,682

Population outlook (Mifflin County) Hauer SSP2

• Today (2025): 44,611 people
• By 2030: 43,212 · -3.1%
• By 2040: 40,197 · -9.9%
• By 2050: 36,813 · -17.5%
• By 2075: 28,833 · -35.4%
• By 2100: 20,296 · -54.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Black 3%
• Common ancestry: Romanian 5% Iranian 3% Lithuanian 2%
• Foreign-born: 0% · Canada

Political lean MEDSL · Mifflin

• 2024 margin: Solid R (+56.4) · D 21.4% · R 77.9%
• 2008→2024 swing: -22.8pp toward R · 2008: -33.7pp · 2024: -56.4pp
• All cycles: 2024: R+56.4 2020: R+56.1 2016: R+57.5 2012: R+46.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.31%
• Current HPI: 249.4239
• 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

+233.3% since first listed

8 events — show timeline

• 2026-04-07 Price Changed $150,000 BRIGHT MLS
• 2026-01-02 Price Changed $157,500 BRIGHT MLS
• 2025-12-11 Listed $167,500 BRIGHT MLS
• 2019-08-09 Sold (MLS) $35,000 BRIGHT MLS
• 2019-08-08 Sold (Public Records) $35,000 Public Records
• 2019-08-07 Sold (MLS) $35,000 CSVBR
• 2018-10-02 Listed $45,000 CSVBR
• 2018-10-01 Listed $45,000 BRIGHT MLS

Property tax history

+0.7%/yr

Latest (2026): $1,497 · +0.0% YoY. Source: county tax records.