112 S Ridge St · Burnham, PA 17009

$189,000

2 bd · 1.0 ba · 1,536 sqft · Other public records · 40 Days on market

Built 1950 0.45 ac lot $123/sqft · at area comps Est $186k · at est.

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Why this score? — see what drove the C+ 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 +22.6/30.0
• Appreciation +9.2/10.0
• DSCR +7.3/10.0
• ARV discount +6.8/15.0
• 1% rule +5.6/10.0
• Livability +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This 2-story, 3-bedroom home sits on nearly a half-acre. The home has a 24x24 attached garage that enters into the large 12x22 family room. In addition to the family room, the main level also has a living room with a wood stove, eat-in kitchen, large half bathroom, and laundry. The second floor has 3 bedrooms and a full bathroom. The home has public water and sewer. The exterior was recently pressure washed and is ready for a new owner.

Key facts

• Public sewer
• Wood stove
• Attached garage

Tags

• ATTACHED GARAGE
• FAMILY ROOM
• WOOD STOVE
• EAT-IN KITCHEN
• PUBLIC WATER
• PUBLIC SEWER

Property features AI

Exterior

• Parking: Attached 2-car garage with front entry and garage door opener; Driveway with space for 2 vehicles (total of 4 garage/parking spaces)
• Utilities: Public water; Public sewer; Oil for heating and hot water
• Home design: Detached property; Shingle roof; Vinyl siding
• Construction: Stone foundation; Built year (per assessor)
• Exterior features: Rear yard; Porch(es); Outbuilding(s)

Interior

• Kitchen: Electric oven/range
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating; Oil-fired heating and hot water
• Interior features: Eat-in kitchen; Wood stove; Partial basement
• Laundry & utility: Main floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $189k.

Deal economics

• At list price, monthly cash flow is $323 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% 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 $17k of equity ($1k loan paydown + $16k 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 $53k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 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 1950 — 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. 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?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 7.9

CMA / ARV

• ARV (median comp): $186,160
• List price: $189,000
• Delta: 1.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 26.3%
• Equity multiple: 2.93×
• Total profit: $102,171
• Equity at exit: $147,573

10-year hold

• IRR: 23.5%
• Equity multiple: 6.32×
• Total profit: $281,372
• Equity at exit: $296,815

Cash invested: $52,920 (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: 7.9×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$187 /mo · $2,246/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $323

Break-even live

Break-even rent $1,591

Max offer price $189,000

Occupancy floor 79%

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: $47,250
• Closing costs: $5,670
• 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	0.59mi

Listing history 15 events

1. 2026-06-18
   days on market $189,000 Active 40 DOM
2. 2026-06-17
   days on market $189,000 Active 39 DOM
3. 2026-06-16
   days on market $189,000 Active 38 DOM
4. 2026-06-15
   days on market $189,000 Active 37 DOM
5. 2026-06-13
   days on market $189,000 Active 35 DOM
6. 2026-06-12
   days on market $189,000 Active 34 DOM
7. 2026-06-09
   days on market $189,000 Active 31 DOM
8. 2026-06-08
   days on market $189,000 Active 30 DOM
9. 2026-06-08
   days on market $189,000 Active 29 DOM
10. 2026-06-07
    days on market $189,000 Active 28 DOM
11. 2026-06-04
    days on market $189,000 Active 25 DOM
12. 2026-06-02
    days on market $189,000 Active 24 DOM
13. 2026-06-01
    days on market $189,000 Active 23 DOM
14. 2026-05-31
    days on market $189,000 Active 22 DOM
15. 2026-05-09
    listed $189,000 Active 440-char remark

ⓘ 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: $2,246 · $187/mo
• Projected year-2 tax: $2,616 · $218/mo
• Expected delta: +$370/yr (+$31/mo · 16.5%)

ⓘ 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 7 d/yr ≥95°F today · 17 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: −$10,587
• − Property taxes: −$2,246
• − Insurance: −$945
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$5,498
• Taxable income: $884
• Est. tax owed @ 24.0%: −$212
• After-tax cash flow: $3,663/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

1 event — show timeline

• 2026-05-09 Listed $189,000 BRIGHT MLS

Property tax history

+0.7%/yr

Latest (2026): $2,246 · +0.0% YoY. Source: county tax records.