1902 Loretta Dr · Penn Hills, PA 15235

$129,900

3 bd · 1.0 ba · 1,535 sqft · SingleFamily public records · 35 Days on market

Built 1952 0.27 ac lot $85/sqft · 24% below area Est $171k · 24% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Rent growth +4.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

Key facts

• Hardwood flooring
• First-floor bedroom
• Enclosed sunroom

Tags

• LARGE YARD
• EXPANSIVE BACKYARD
• FORMAL LIVING AND DINING ROOMS
• HARDWOOD FLOORING
• FIRST-FLOOR BEDROOM
• ENCLOSED SUNROOM

Property features AI

Finance

• HOA & community: Public transportation access

Exterior

• Parking: Off-street parking for 3 vehicles
• Utilities: Public water; Public sewer
• Home design: 2-story home; Resale property
• Construction: Brick and vinyl siding exterior; Asphalt roof; Home warranty included
• Exterior features: Off-street parking (3 spaces); Lot roughly 54 x 230

Interior

• Kitchen: Microwave; Refrigerator; Stove; Some gas appliances
• Bedrooms: Bedroom 2 (upper level); Bedroom 3 (upper level)
• Flooring: Hardwood; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Walk-out basement; Bonus room (main level); Family room (main level); Dining room (main level); Living room (main level)
• Laundry & utility: Laundry room (lower level)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $484 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Penn Hills SD (suburban): math 13% / reading 24% proficiency, ranked #496 of 539 in PA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+7.6%/yr); 129 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 31% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 7.6% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $30k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $130k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 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 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.35% ✓
• Cap rate: 10.77%
• Cash-on-cash: 15.97%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (median comp): $170,778
• List price: $129,900
• Delta: -23.94%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1731 Nash Ave	0.19mi	3/1.5	1,600 (+4%)	17mo	$170,000	$106	68
248 Ruth St	0.62mi	3/2.0	1,595 (+4%)	2mo	$270,000	$169	59
1110 Hulton Rd	0.41mi	3/2.0	1,403 (-9%)	4mo	$196,500	$140	59
331 Meadow Ave	0.52mi	3/1.0	1,474 (-4%)	15mo	$93,000	$63	56
1651 Nash Ave	0.40mi	3/2.0	1,417 (-8%)	12mo	$175,000	$124	55
509 James Way	0.15mi	4/2.0 (+1)	1,658 (+8%)	19mo	$225,000	$136	55
3324 Cassius St	0.74mi	3/2.0	1,438 (-6%)	0mo	$248,000	$172	51
1534 Nash Ave	0.47mi	3/2.0	1,409 (-8%)	13mo	$199,900	$142	49
3326 Franklin Dr	0.68mi	3/2.0	1,440 (-6%)	10mo	$285,000	$198	46
321 Meadow Ave	0.54mi	4/2.0 (+1)	1,596 (+4%)	19mo	$250,000	$157	43
235 Ruth St	0.58mi	4/2.0 (+1)	1,313 (-14%)	10mo	$220,000	$168	32

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 · 7.63% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.51×
• Total profit: $18,368
• Equity at exit: $19,369

10-year hold

• IRR: 24.4%
• Equity multiple: 3.60×
• Total profit: $94,446
• Equity at exit: $11,231

Cash invested: $36,372 (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 15235

• Home prices YoY: -34.1%
• Rents YoY: 7.6%
• Active inventory: 129
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,754 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$166 /mo · $1,997/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $484

Break-even live

Break-even rent $1,141

Max offer price $129,900

Occupancy floor 67%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Saint Croix Dr Pittsburgh, PA	3.0	1.5	1573	$1,695	$1.08	3d	1	1.10mi
1666 Relative Dr Verona, PA	2.0–3.0	1.0–1.5	1255	$1,499	$1.19	1d	3	1.36mi
439 Crestview Dr Pittsburgh, PA	3.0	2.5	1688	$2,300	$1.36	1d	1	1.38mi
624 Elm Dr Verona, PA	3.0	1.0	1296	$1,600	$1.23	2d	1	1.49mi

Listing history 28 events

1. 2026-06-18
   days on market $129,900 Active 35 DOM
2. 2026-06-17
   days on market $129,900 Active 34 DOM
3. 2026-06-16
   pricedays on market $129,900 Active 33 DOM
4. 2026-06-15
   days on market $139,900 Active 32 DOM
5. 2026-06-13
   days on market $139,900 Active 30 DOM
6. 2026-06-13
   days on market $139,900 Active 29 DOM
7. 2026-06-09
   days on market $139,900 Active 26 DOM
8. 2026-06-08
   pricedays on market $139,900 Active 25 DOM
9. 2026-06-07
   days on market $149,900 Active 24 DOM
10. 2026-06-05
    days on market $149,900 Active 21 DOM
11. 2026-06-03
    days on market $149,900 Active 20 DOM
12. 2026-06-02
    days on market $149,900 Active 19 DOM
13. 2026-06-01
    days on market $149,900 Active 18 DOM
14. 2026-05-31
    days on market $149,900 Active 17 DOM
15. 2026-05-12
    listed $159,900 Active 1716-char remark
16. 2020-03-19
    soldstatus $70,000
17. 2020-03-13
    soldstatus $70,000 Sold 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

18. 2020-03-06
    status Under Contract 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

19. 2020-01-31
    historical Contingent 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

20. 2019-12-14
    price $70,000 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

21. 2019-12-10
    status Active 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

22. 2019-11-25
    historical Contingent 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

23. 2019-11-08
    status Active 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

24. 2019-10-30
    historical Contingent 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

25. 2019-08-16
    price $84,900 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

26. 2019-07-17
    price $90,000 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

27. 2019-06-24
    price $97,900 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

28. 2019-06-11
    listed $102,900 Active 737-char remark

    Show marketing remark (737 chars)

    Welcome to this beautiful cape cod home located in Penn Hills! Huge corner lot offers several opportunities for entertaining and children/pets to play. The living room and formal dining room greet you through the front door with newer carpet. The spacious kitchen features plenty of cabinet storage and access to a massive family room perfect for any family. The stunning additional sunroom could also be utilized as a side entrance and walk out to the large backyard. The newly updated full bathroom is handicap accessible. The master bedroom finishes the main floor with new carpet. The two upper level bedrooms feature gleaming hardwood floors with ample sized closets. The basement has a laundry area and plenty of space for storage.

ⓘ 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: $1,997 · $166/mo
• Projected year-2 tax: $2,025 · $169/mo
• Expected delta: +$28/yr (+$2/mo · 1.4%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,051
• − Mortgage interest: −$7,276
• − Property taxes: −$1,997
• − Insurance: −$650
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − Depreciation: −$3,779
• Taxable income: $3,981
• Est. tax owed @ 24.0%: −$956
• After-tax cash flow: $4,854/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: Penn Hills SD
• NCES district ID: 4218590
• Math proficiency: 13% ▼ -6.00%
• Reading proficiency: 24% ▼ -14.00%
• Median HH income: $47,794
• Composite: 16.42/100
• National rank: #9192
• State rank: #496 of 539 in PA

Livability — Penn Hills

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 33,951
• Household income: $67,240
• Rent vs Own: 25.2% rent · 74.8% own
• Severe rent burden: 955.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 51% Black 40% Two or more races 7% Hispanic / Latino 2%
• Common ancestry: Romanian 5% Serbian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.68%
• Current HPI: 235.4861
• Rent YoY: ▲ 7.63%
• 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

+26.2% since first listed

17 events — show timeline

• 2026-06-16 Price Changed $129,900 West Penn MLS
• 2026-06-08 Price Changed $139,900 West Penn MLS
• 2026-05-26 Price Changed $149,900 West Penn MLS
• 2026-05-12 Listed $159,900 West Penn MLS
• 2020-03-19 Sold (Public Records) $70,000 Public Records
• 2020-03-13 Sold (MLS) $70,000 West Penn MLS
• 2020-03-06 Pending — West Penn MLS
• 2020-01-31 Contingent — West Penn MLS
• 2019-12-14 Price Changed $70,000 West Penn MLS
• 2019-12-10 Relisted — West Penn MLS
• 2019-11-25 Contingent — West Penn MLS
• 2019-11-08 Relisted — West Penn MLS
• 2019-10-30 Contingent — West Penn MLS
• 2019-08-16 Price Changed $84,900 West Penn MLS
• 2019-07-17 Price Changed $90,000 West Penn MLS
• 2019-06-24 Price Changed $97,900 West Penn MLS
• 2019-06-11 Listed $102,900 West Penn MLS

Property tax history

+1.9%/yr

Latest (2026): $1,997 · +0.0% YoY. Source: county tax records.