307-309 Cedar St · Johnstown, PA 15902

$39,900

6 bd · 4.0 ba · 2,439 sqft · SingleFamily · 61 Days on market

4,792 sqft lot $16/sqft · 22% below area Est $51k · 22% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity!!! Two story brick duplex on a corner lot in the City of Johnstown! Renovations have begun on both units including some new flooring & updated Bathrooms. Call today to schedule your tour!

Key facts

• 4,792 sq ft lot
• Listed 61 days

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $780 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 29.8% 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: schools D+, 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.
• Market conditions: 64 active listings in the ZIP; lower-income renter base — watch delinquency; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($44k/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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $5k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 3.35% ✓
• Cap rate: 29.76%
• Cash-on-cash: 83.82%
• DSCR: 4.73
• GRM: 2.5

CMA / ARV

• ARV (median comp): $51,207
• List price: $39,900
• Delta: -22.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
524 Wood St	0.08mi	5/2.5 (-1)	2,334 (-4%)	13mo	$45,000	$19	67

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: 84.2%
• Equity multiple: 4.87×
• Total profit: $43,258
• Equity at exit: $5,949

10-year hold

• IRR: 87.4%
• Equity multiple: 10.11×
• Total profit: $101,752
• Equity at exit: $3,450

Cash invested: $11,172 (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 15902

• Home prices YoY: -28.8%
• Active inventory: 64
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,338 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$51 /mo · $608/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $780

Break-even live

Break-even rent $350

Max offer price $39,900

Occupancy floor 37%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-12
   statusdays on market $39,900 Pending 61 DOM
2. 2026-06-09
   days on market $39,900 Active 60 DOM
3. 2026-06-08
   days on market $39,900 Active 59 DOM
4. 2026-06-07
   days on market $39,900 Active 58 DOM
5. 2026-06-05
   days on market $39,900 Active 55 DOM
6. 2026-06-02
   days on market $39,900 Active 53 DOM
7. 2026-06-01
   days on market $39,900 Active 52 DOM
8. 2026-05-31
   days on market $39,900 Active 51 DOM
9. 2026-05-30
   days on market $39,900 Active 50 DOM
10. 2026-05-13
    price $39,900 216-char remark

    Show marketing remark (216 chars)

    Investment Opportunity!!! Two story brick duplex on a corner lot in the City of Johnstown! Renovations have begun on both units including some new flooring & updated Bathrooms. Call today to schedule your tour!

11. 2026-04-10
    listed $44,900 Active 216-char remark

    Show marketing remark (216 chars)

    Investment Opportunity!!! Two story brick duplex on a corner lot in the City of Johnstown! Renovations have begun on both units including some new flooring & updated Bathrooms. Call today to schedule your tour!

12. 2025-11-27
    status Active
13. 2025-11-26
    status Active
14. 2025-06-24
    listed $59,900 Active
15. 2024-05-13
    soldstatus $35,000 Closed
16. 2024-05-13
    soldstatus $35,000
17. 2024-05-01
    status Pending
18. 2024-04-26
    listed $39,900 Active
19. 2013-06-14
    soldstatus $13,444
20. 1984-02-01
    soldstatus $5,000

ⓘ 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: $608 · $51/mo
• Projected year-2 tax: $619 · $52/mo
• Expected delta: +$11/yr (+$1/mo · 1.8%)

ⓘ 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 4/10 Moderate 8 d/yr ≥93°F today · 19 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: $16,054
• − Mortgage interest: −$2,235
• − Property taxes: −$608
• − Insurance: −$200
• − Repairs & maintenance: −$1,284
• − Management: −$1,284
• − Depreciation: −$1,161
• Taxable income: $9,282
• Est. tax owed @ 24.0%: −$2,228
• After-tax cash flow: $7,137/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
• County: Cambria County · 30,791 people
• City population: 30,791
• Metro: Johnstown, PA
• Population (ZIP): 11,462
• Household income: $44,215
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 266.0

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 (75%)
• Race & ethnicity: White 75% Two or more races 14% Black 8% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Slovak 2% Hungarian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -43.86%
• Current HPI: 108.2198
• Rent YoY: —
• Metro: Johnstown, 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

+698.0% since first listed

11 events — show timeline

• 2026-05-13 Price Changed $39,900 CSMLS
• 2026-04-10 Listed $44,900 CSMLS
• 2025-11-27 Relisted — CSMLS
• 2025-11-26 Relisted — CSMLS
• 2025-06-24 Listed $59,900 CSMLS
• 2024-05-13 Sold (Public Records) $35,000 Public Records
• 2024-05-13 Sold (MLS) $35,000 CSMLS
• 2024-05-01 Pending — CSMLS
• 2024-04-26 Listed $39,900 CSMLS
• 2013-06-14 Sold (Public Records) $13,444 Public Records
• 1984-02-01 Sold (Public Records) $5,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $608 · +0.0% YoY. Source: county tax records.