128 E Marthart Ave · Haverford, PA 19083

$240,000

3 bd · 1.0 ba · 1,554 sqft · SingleFamily public records · 1 Days on market

Built 1935 2,614 sqft lot

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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 +12.4/30.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Schools +6.2/10.0
• DSCR +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

None

Key facts

• Built 1935

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-40 ($-481/yr) — negative.
• To cash-flow at today's rent, offer at most $233k (3.0% below list).
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $233k (3.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Haverford Township SD (suburban): math 58% / reading 78% proficiency, ranked #20 of 539 in PA (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 9% free/reduced lunch — higher-income household profile.
• Zoned schools: Chestnutwold El Sch (math 66% / reading 80%, grade A, #118 of 1,518 statewide, top 8%, 589 students, 16% FRL); Haverford Ms (math 43% / reading 76%, grade B, #46 of 512 statewide, top 9%, 1,626 students, 20% FRL); Haverford Shs (math 83% / reading 24%, grade C-, #102 of 437 statewide, top 23%, 2,005 students, 21% FRL).
• Market conditions: 107 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 30y 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.

Risks & watch-outs

• Watch-outs: property tax is 4.4% of price; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,916 (3.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.16% ✓
• Cap rate: 6.09%
• Cash-on-cash: -0.72%
• DSCR: 0.97
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $588,966
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
128 Campbell Ave	0.23mi	4/1.5 (+1)	1,556 (+0%)	6mo	$590,000	$379	78
1717 Hawthorne Ave	0.25mi	3/2.0	1,487 (-4%)	0mo	$525,000	$353	77
137 Strathmore Rd	0.31mi	4/1.0 (+1)	1,566 (+1%)	3mo	$535,000	$342	77
1227 Manor Rd	0.53mi	3/1.5	1,534 (-1%)	0mo	$615,000	$401	71
417 Hastings Ave	0.37mi	4/2.0 (+1)	1,599 (+3%)	1mo	$670,000	$419	68
425 Harrington Rd	0.74mi	3/1.0	1,582 (+2%)	4mo	$480,500	$304	60
224 Farnham Rd	0.74mi	3/2.0	1,604 (+3%)	2mo	$587,500	$366	54
2107 Belvedere Ave	0.56mi	3/2.0	1,694 (+9%)	3mo	$540,000	$319	52
118 Princeton Rd	0.57mi	3/1.5	1,390 (-11%)	3mo	$725,000	$522	51
2308 Poplar Rd	0.47mi	3/2.0	1,392 (-10%)	7mo	$604,000	$434	51
2409 Belmont Ave	0.71mi	3/3.0	1,599 (+3%)	6mo	$527,000	$330	49
664 Washington Ave	0.67mi	3/2.5	1,728 (+11%)	6mo	$675,000	$391	38

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-41,042
• Equity at exit: $35,785

10-year hold

• IRR: -8.9%
• Equity multiple: 0.44×
• Total profit: $-37,391
• Equity at exit: $20,751

Cash invested: $67,200 (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 19083

• Active inventory: 107
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,791 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$887 /mo · $10,640/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$586
• Net cashflow: $-40

Break-even live

Break-even rent $2,842

Max offer price $232,916

Occupancy floor 96%

Sensitivity live

Price	-10% $96	-5% $28	+0% $-40	+5% $-108	+10% $-176
Rent	-10% $-261	-5% $-150	+0% $-40	+5% $70	+10% $180
Rate	-1.0pp $81	-0.5pp $21	base $-40	+0.5pp $-102	+1.0pp $-166

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
248 E Turnbull Ave Havertown, PA	3.0	1.5	1973	$3,095	$1.57	7d	1	0.16mi
20 W Marthart Ave Havertown, PA	4.0	2.5	1805	$2,800	$1.55	45d	1	0.34mi
530 E Manoa Rd Havertown, PA	3.0	1.0	1236	$2,800	$2.27	45d	1	0.75mi
2804 Belmont Ave Ardmore, PA	3.0	2.0	1280	$3,000	$2.34	20d	1	0.95mi
204 Harding Ave Havertown, PA	3.0	2.5	1943	$3,250	$1.67	4d	1	1.01mi
358 E Spring Ave Ardmore, PA	3.0	1.5	1620	$2,750	$1.70	45d	1	1.03mi
601 Willowbrook Rd Havertown, PA	3.0	1.0	1212	$3,190	$2.63	45d	1	1.10mi
237 Chestnut Ave Ardmore, PA	2.0	1.0	1600	$2,500	$1.56	16d	1	1.14mi
222 Rock Glen Rd Wynnewood, PA	3.0	1.5	1548	$3,500	$2.26	0d	1	1.37mi
261 S Bayberry Ln Upper Darby, PA	3.0	1.0	1248	$2,200	$1.76	4d	1	1.38mi
249 N Linden Ave Upper Darby, PA	3.0	1.0	1237	$1,700	$1.37	7d	1	1.42mi
1711 Robinson Ave Havertown, PA	3.0	2.0	1950	$3,500	$1.79	4d	1	1.42mi
113 Glendale Rd Havertown, PA	3.0	1.5	2168	$3,495	$1.61	20d	1	1.50mi

Listing history 17 events

1. 2026-04-25
   status Pending
2. 2026-03-14
   historical Active Under Contract
3. 2026-03-13
   listed $240,000 Active
4. 2017-03-07
   soldstatus $240,000
5. 2017-03-01
   soldstatus $240,000 Sold

   Show marketing remark (4 chars)

   None

6. 2017-03-01
   historical

   Show marketing remark (4 chars)

   None

7. 2017-03-01
   soldstatus $240,000 4-char remark

   Show marketing remark (4 chars)

   None

8. 2017-02-01
   listed $240,000

   Show marketing remark (4 chars)

   None

9. 2017-02-01
   listed $240,000 4-char remark

   Show marketing remark (4 chars)

   None

10. 2003-02-24
    soldstatus $186,500
11. 2003-02-14
    soldstatus $186,500
12. 2002-12-09
    historical
13. 2002-12-03
    listed $186,500
14. 1996-10-31
    soldstatus $102,000
15. 1996-10-29
    soldstatus $102,000
16. 1996-09-02
    historical
17. 1996-07-22
    listed $102,000

ⓘ 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: $10,640 · $887/mo
• Projected year-2 tax: $10,640 · $887/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,496
• − Mortgage interest: −$13,444
• − Property taxes: −$10,640
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,680
• − Management: −$2,680
• − Depreciation: −$6,982
• Taxable loss: −$4,129
• Est. tax savings @ 24.0%: +$991
• After-tax cash flow: $510/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: Haverford Township SD
• NCES district ID: 4211670
• Math proficiency: 58% ▼ -13.00%
• Reading proficiency: 78% ▼ -7.00%
• Median HH income: $93,877
• Composite: 61.83/100
• National rank: #731
• State rank: #20 of 539 in PA

Livability — Haverford

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

Census & demographics

• County: Delaware County · 399,863 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 37,590
• Household income: $124,523
• Rent vs Own: 12.3% rent · 87.7% own
• Severe rent burden: 361.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 5% Asian 5% Black 4% Hispanic / Latino 3%
• Common ancestry: Romanian 5% Italian 2% Lithuanian 2%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 90% English-only · Other Indo-European 3% Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -386.61%
• Current HPI: 329.2915
• Rent YoY: —
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+135.3% since first listed

17 events — show timeline

• 2026-04-25 Pending — BRIGHT MLS
• 2026-03-14 Contingent — BRIGHT MLS
• 2026-03-13 Listed $240,000 BRIGHT MLS
• 2017-03-07 Sold (Public Records) $240,000 Public Records
• 2017-03-01 Sold (MLS) $240,000 BRIGHT MLS
• 2017-03-01 Delisted — TREND
• 2017-03-01 Sold (MLS) $240,000 TREND
• 2017-02-01 Listed $240,000 BRIGHT MLS
• 2017-02-01 Listed $240,000 TREND
• 2003-02-24 Sold (Public Records) $186,500 Public Records
• 2003-02-14 Sold (MLS) $186,500 BRIGHT MLS
• 2002-12-09 Listing Removed — BRIGHT MLS
• 2002-12-03 Listed $186,500 BRIGHT MLS
• 1996-10-31 Sold (Public Records) $102,000 Public Records
• 1996-10-29 Sold (MLS) $102,000 BRIGHT MLS
• 1996-09-02 Listing Removed — BRIGHT MLS
• 1996-07-22 Listed $102,000 BRIGHT MLS

Property tax history

+6.9%/yr

Latest (2026): $10,640 · +69.4% YoY. Source: county tax records.