242 W 3rd St · Mount Carmel, PA 17851

$72,000

3 bd · 1.5 ba · 1,288 sqft · Other · 108 Days on market

Built 1920 1,742 sqft lot $56/sqft · 37% above area Est $52k · 37% over

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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
• Appreciation +8.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Well-Maintained Mt Carmel Half-Double. This Home has LR, DR, Kitcen/DA, 1st Floor half-bath, and Laundry. 3 Bedrooms, Bath , and Attic. Other features include Enclosed Porch, Appliances, OIL hw Heat, and Yard. 24hr notice for showings. Call/Text Rich at 570-274-2566 for a Showing.

Key facts

• Oil hw heat
• Enclosed porch
• 1,742 sq ft lot

Tags

• ENCLOSED PORCH
• OIL HW HEAT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $72k.

Deal economics

• At list price, monthly cash flow is $675 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $66k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.6% vs local median 12.2% in Mount Carmel — 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 72/100 on livability (#641 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B+; Watch: schools D+, commute F, employment F.
• Mount Carmel Area SD (town): math 20% / reading 37% proficiency, ranked #455 of 539 in PA (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 54 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 81 units permitted in Northumberland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($498 loan paydown + $5k appreciation (6.3% local appreciation)).
• Northumberland County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.3% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 108 days — a 9% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,520 (9.0% below list)

Questions for the listing agent

1. It's been on market 108 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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 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?
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: 2.01% ✓
• Cap rate: 17.55%
• Cash-on-cash: 40.20%
• DSCR: 2.79
• GRM: 4.1

CMA / ARV

• ARV (median comp): $52,457
• List price: $72,000
• Delta: 37.26%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

6.31% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 50.3%
• Equity multiple: 4.23×
• Total profit: $65,152
• Equity at exit: $46,688

10-year hold

• IRR: 47.0%
• Equity multiple: 8.82×
• Total profit: $157,636
• Equity at exit: $85,925

Cash invested: $20,160 (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 17851

• Home prices YoY: 5.2%
• Active inventory: 54
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,450 medium
• Mortgage (P&I): −$378
• Tax from tax record: −$62 /mo · $750/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $675

Break-even live

Break-even rent $595

Max offer price $72,000

Occupancy floor 48%

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
414 W 4th St Mount Carmel, PA	3.0	1.5	900	$1,450	$1.61	43d	1	0.14mi

Listing history 19 events

1. 2026-06-18
   price $72,000 Active 108 DOM
2. 2026-06-18
   days on market $77,000 Active 108 DOM
3. 2026-06-17
   days on market $77,000 Active 107 DOM
4. 2026-06-16
   days on market $77,000 Active 106 DOM
5. 2026-06-15
   days on market $77,000 Active 105 DOM
6. 2026-06-13
   days on market $77,000 Active 103 DOM
7. 2026-06-12
   days on market $77,000 Active 102 DOM
8. 2026-06-09
   days on market $77,000 Active 99 DOM
9. 2026-06-08
   days on market $77,000 Active 98 DOM
10. 2026-06-08
    days on market $77,000 Active 97 DOM
11. 2026-06-07
    days on market $77,000 Active 96 DOM
12. 2026-06-04
    days on market $77,000 Active 93 DOM
13. 2026-06-02
    days on market $77,000 Active 92 DOM
14. 2026-06-01
    days on market $77,000 Active 91 DOM
15. 2026-05-31
    days on market $77,000 Active 90 DOM
16. 2026-03-02
    listed $80,000 Active 282-char remark

    Show marketing remark (282 chars)

    Well-Maintained Mt Carmel Half-Double. This Home has LR, DR, Kitcen/DA, 1st Floor half-bath, and Laundry. 3 Bedrooms, Bath , and Attic. Other features include Enclosed Porch, Appliances, OIL hw Heat, and Yard. 24hr notice for showings. Call/Text Rich at 570-274-2566 for a Showing.

17. 2018-10-12
    soldstatus $55,000 196-char remark

    Show marketing remark (196 chars)

    This 3-bedroom, 1 1/2 bath home in the heart of Mount Carmel has a fenced in yard, convenient first floor laundry, a new roof, and brand new furnace. Ready for you to move right in! (10G Property)

18. 2018-10-12
    soldstatus $55,000

    Show marketing remark (196 chars)

    This 3-bedroom, 1 1/2 bath home in the heart of Mount Carmel has a fenced in yard, convenient first floor laundry, a new roof, and brand new furnace. Ready for you to move right in! (10G Property)

19. 2018-07-23
    listed $57,500 196-char remark

    Show marketing remark (196 chars)

    This 3-bedroom, 1 1/2 bath home in the heart of Mount Carmel has a fenced in yard, convenient first floor laundry, a new roof, and brand new furnace. Ready for you to move right in! (10G Property)

ⓘ 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: $750 · $62/mo
• Projected year-2 tax: $944 · $79/mo
• Expected delta: +$194/yr (+$16/mo · 25.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 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: $17,400
• − Mortgage interest: −$4,033
• − Property taxes: −$750
• − Insurance: −$360
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − Depreciation: −$2,095
• Taxable income: $7,378
• Est. tax owed @ 24.0%: −$1,771
• After-tax cash flow: $6,334/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: Mount Carmel Area SD
• NCES district ID: 4215990
• Math proficiency: 20% ▼ -18.00%
• Reading proficiency: 37% ▼ -15.00%
• Median HH income: $35,195
• Composite: 23.48/100
• National rank: #7876
• State rank: #455 of 539 in PA

Livability — Mount Carmel

• Score: 72/100
• State rank: #641
• US rank: #6230

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Carmel, PA
• Population (ZIP): 7,174

Population outlook (Northumberland County) Hauer SSP2

• Today (2025): 90,896 people
• By 2030: 89,084 · -2.0%
• By 2040: 84,822 · -6.7%
• By 2050: 80,521 · -11.4%
• By 2075: 72,152 · -20.6%
• By 2100: 62,257 · -31.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4% Black 1%
• Common ancestry: Romanian 21% Subsaharan African 3% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Northumberland

• 2024 margin: Solid R (+39.9) · D 29.6% · R 69.5%
• 2008→2024 swing: -26.1pp toward R · 2008: -13.8pp · 2024: -39.9pp
• All cycles: 2024: R+39.9 2020: R+38.5 2016: R+43.6 2012: R+19.4 2008: R+13.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.31%
• Current HPI: 127.4102
• 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

+39.1% since first listed

4 events — show timeline

• 2026-03-02 Listed $80,000 CSVBR
• 2018-10-12 Sold (Public Records) $55,000 Public Records
• 2018-10-12 Sold (MLS) $55,000 CSVBR
• 2018-07-23 Listed $57,500 CSVBR

Property tax history

+2.6%/yr

Latest (2026): $750 · +1.5% YoY. Source: county tax records.