1306 Tennessee Ave · Johnstown, PA 15906

$15,000

2 bd · 2.0 ba · 960 sqft · SingleFamily · 1367 Days on market

Built 1960 2,614 sqft lot $16/sqft · 51% below area ↓ 25% since listing

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.9/5.0
• Appreciation +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Charming house in the West End. Nicely maintained, some new fixtures and upgrades. Off street parking in rear. You must see the interior of this house! Large beautiful eat-in kitchen, full height bsmt, side entrance leads to stairway to second floor, possibility to convert to 2 apartments.

Key facts

• 2,614 sq ft lot
• Built 1960
• Listed 1366 days

Property features AI

Finance

• Other: Lot approximately 20 x 130 (0.06 acre)

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer / sewer available
• Home design: Two-story single-family residence; Residential zoning
• Construction: Aluminum siding
• Exterior features: Shingle roof

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Hot water heating; Natural gas heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($836 rent vs $15k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 50.8% vs local median 15.0% in Johnstown — 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 77/100 on livability (#363 in PA, #3,168 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Greater Johnstown SD (urban): math 9% / reading 25% proficiency, ranked #509 of 539 in PA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Greater Johnstown El Sch (math 14% / reading 21%, grade F, #1,291 of 1,518 statewide, top 85%, 1,269 students, 100% FRL); Greater Johnstown Ms (math 6% / reading 24%, grade F, #471 of 512 statewide, top 93%, 660 students, 100% FRL); Greater Johnstown Shs (math 8% / reading 32%, grade F, #387 of 437 statewide, top 89%, 894 students, 98% FRL) — zoned schools average 100% FRL vs 80% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 47 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Cambria County population projected at -28% 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 1367 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 23y 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.

Recommended offer $13,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 1367 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 1960 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 5.57% ✓
• Cap rate: 50.83%
• Cash-on-cash: 159.07%
• DSCR: 8.08
• GRM: 1.5

CMA / ARV

• ARV (median comp): $30,807
• List price: $15,000
• Delta: -51.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
151 R Stackhouse St	0.12mi	2/1.0	1,024 (+7%)	2mo	$39,000	$38	77
161.5 Barron Ave	0.30mi	2/1.0	968 (+1%)	6mo	$25,000	$26	76
120 D St	0.31mi	3/1.0 (+1)	1,008 (+5%)	15mo	$27,000	$27	56
192 Beatty Ave	0.53mi	2/1.0	1,000 (+4%)	13mo	$33,500	$34	54
190 Beatty Ave	0.53mi	2/1.0	896 (-7%)	10mo	$34,400	$38	52
227 Grape Ave	0.63mi	2/1.0	946 (-2%)	18mo	$52,000	$55	49
199 D St	0.45mi	2/1.0	822 (-14%)	6mo	$24,000	$29	46
154 Sheridan St	0.60mi	2/1.0	854 (-11%)	8mo	$17,000	$20	44
138 I St	0.48mi	2/1.0	832 (-13%)	10mo	$55,000	$66	43
112 Sheridan St	0.54mi	2/1.0	832 (-13%)	14mo	$39,000	$47	37
241 Grazier St	0.62mi	2/1.0	822 (-14%)	10mo	$30,000	$36	35
354 Kennard St	0.74mi	2/1.0	1,086 (+13%)	8mo	$35,000	$32	33

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: —
• Equity multiple: 8.87×
• Total profit: $33,041
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 18.73×
• Total profit: $74,482
• Equity at exit: $1,297

Cash invested: $4,200 (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 15906

• Home prices YoY: -4.0%
• Active inventory: 47
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $836 high
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$176
• Net cashflow: $557

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 28%

Sensitivity live

Price	-10% $567	-5% $562	+0% $557	+5% $552	+10% $546
Rent	-10% $491	-5% $524	+0% $557	+5% $590	+10% $623
Rate	-1.0pp $564	-0.5pp $561	base $557	+0.5pp $553	+1.0pp $549

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Burkhard St Johnstown, PA	2.0	1.0	856	$825	$0.96	25d	1	0.35mi
213 Stone St Johnstown, PA	2.0	1.0	989	$1,100	$1.11	25d	1	0.84mi
444 Stone St Unit 444 Johnstown, PA	2.0	1.0	950	$700	$0.74	25d	1	0.90mi
444 Stone St Johnstown, PA	2.0	1.0	908	$700	$0.77	45d	1	0.91mi
459 Stone St Johnstown, PA	3.0	1.0	1120	$900	$0.80	25d	1	0.93mi
1781 Goucher St Johnstown, PA	1.0–2.0	1.0	592	$740	$1.25	25d	4	1.30mi

Listing history 20 events

1. 2026-06-19
   days on market $15,000 Active 1367 DOM
2. 2026-06-18
   days on market $15,000 Active 1366 DOM
3. 2026-06-17
   days on market $15,000 Active 1365 DOM
4. 2026-06-16
   days on market $15,000 Active 1364 DOM
5. 2026-06-15
   days on market $15,000 Active 1363 DOM
6. 2026-06-14
   days on market $15,000 Active 1361 DOM
7. 2026-06-12
   days on market $15,000 Active 1360 DOM
8. 2026-06-09
   days on market $15,000 Active 1357 DOM
9. 2026-06-08
   days on market $15,000 Active 1356 DOM
10. 2026-06-07
    days on market $15,000 Active 1355 DOM
11. 2026-06-05
    days on market $15,000 Active 1352 DOM
12. 2026-06-02
    days on market $15,000 Active 1350 DOM
13. 2026-06-01
    days on market $15,000 Active 1349 DOM
14. 2026-05-31
    days on market $15,000 Active 1348 DOM
15. 2026-05-30
    days on market $15,000 Active 1347 DOM
16. 2022-05-12
    listed $15,000 Active
17. 2007-10-25
    soldstatus $30,000
18. 2004-01-06
    soldstatus $17,000 290-char remark

    Show marketing remark (290 chars)

    Charming house in the West End. Nicely maintained, some new fixtures and upgrades. Off street parking in rear. You must see the interior of this house! Large beautiful eat-in kitchen, full height bsmt, side entrance leads to stairway to second floor, possibility to convert to 2 apartments.

19. 2003-12-22
    soldstatus $17,000
20. 2003-11-11
    listed $19,900 290-char remark

    Show marketing remark (290 chars)

    Charming house in the West End. Nicely maintained, some new fixtures and upgrades. Off street parking in rear. You must see the interior of this house! Large beautiful eat-in kitchen, full height bsmt, side entrance leads to stairway to second floor, possibility to convert to 2 apartments.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,031
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$803
• − Management: −$803
• − Depreciation: −$436
• Taxable income: $6,850
• Est. tax owed @ 24.0%: −$1,644
• After-tax cash flow: $5,037/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: Greater Johnstown SD
• NCES district ID: 4210950
• Math proficiency: 9% ▼ -6.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $27,890
• Composite: 13.25/100
• National rank: #9550
• State rank: #509 of 539 in PA

Livability — Johnstown

• Score: 77/100
• State rank: #363
• US rank: #3168

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, PA
• City population: 30,791
• Population (ZIP): 9,654

Population outlook (Cambria County) Hauer SSP2

• Today (2025): 122,754 people
• By 2030: 115,827 · -5.6%
• By 2040: 101,309 · -17.5%
• By 2050: 88,379 · -28.0%
• By 2075: 65,237 · -46.9%
• By 2100: 46,909 · -61.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Polish 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Cambria

• 2024 margin: Solid R (+39.7) · D 29.8% · R 69.5%
• 2008→2024 swing: -40.4pp toward R · 2008: 0.7pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.3 2016: R+37.8 2012: R+17.8 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.26%
• Current HPI: 77.6797
• 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

-24.6% since first listed

5 events — show timeline

• 2022-05-12 Listed $15,000 CSMLS
• 2007-10-25 Sold (Public Records) $30,000 Public Records
• 2004-01-06 Sold (MLS) $17,000 CSMLS
• 2003-12-22 Sold (Public Records) $17,000 Public Records
• 2003-11-11 Listed $19,900 CSMLS

Property tax history

+0.2%/yr

Latest (2026): $811 · +0.0% YoY. Source: county tax records.