237 Bond St · Johnstown, PA 15902

$29,900

2 bd · 1.0 ba · 786 sqft · SingleFamily · 155 Days on market

Built 1920 871 sqft lot $38/sqft · 18% below area Est $37k · 18% 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

GREAT INVESTMENT OPPORTUNITY FOR YOUR REAL ESTATE PORTFOLIO. .. this 2 bedroom, 1 bath home in the City of Johnstown's 17th Ward is a property worth considering. The home features foyer, livng room with panelled walls and WW carpet; eat-in kitchen with laminate floor; and full bath on the main floor. The second floor offers 2 bedrooms with closets and carpeting. Covered porch, on-street parking, some new windows, gas heat, and lower taxes makes this a must see property. Home is situated on a corner lot and is conveniently located to transportation, shopping, hopsital/medical facilities, and recreational/entertainment venues. Call today for more details, to receive your tour packet, and to schedule your personal tour!

Key facts

• Covered porch
• Foyer
• Eat-in kitchen

Tags

• FOYER
• EAT-IN KITCHEN
• COVERED PORCH
• CORNER LOT
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $436 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.8% 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; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $207 of loan paydown is wiped out by about $897 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 $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $24k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $26,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 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 1920 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 2.84% ✓
• Cap rate: 23.79%
• Cash-on-cash: 62.50%
• DSCR: 3.78
• GRM: 2.9

CMA / ARV

• ARV (median comp): $36,573
• List price: $29,900
• Delta: -18.25%
• 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
737 R Linden Ave	0.08mi	2/1.0	768 (-2%)	8mo	$58,500	$76	86
609 Highland Ave	0.14mi	2/1.0	900 (+14%)	6mo	$45,000	$50	64
282 Lunen St	0.42mi	2/1.0	728 (-7%)	8mo	$35,000	$48	62
550 Marsh Ave	0.32mi	2/1.0	760 (-3%)	22mo	$35,000	$46	61
608 Forest Ave	0.21mi	2/1.0	896 (+14%)	8mo	$25,000	$28	60
298 Lunen St	0.44mi	2/1.0	872 (+11%)	5mo	$25,000	$29	58
369 Sam St	0.43mi	2/1.0	832 (+6%)	16mo	$30,950	$37	57
457 Green Valley St	0.55mi	2/1.0	840 (+7%)	17mo	$45,000	$54	48
516 Wheat St	0.22mi	2/1.5	890 (+13%)	24mo	$24,000	$27	46
180 Hammer Ave	0.67mi	2/1.0	864 (+10%)	16mo	$58,500	$68	39
113 Clair Ave	0.62mi	3/1.0 (+1)	885 (+13%)	23mo	$43,000	$49	26

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: 61.5%
• Equity multiple: 3.74×
• Total profit: $22,956
• Equity at exit: $4,458

10-year hold

• IRR: 66.1%
• Equity multiple: 7.67×
• Total profit: $55,873
• Equity at exit: $2,585

Cash invested: $8,372 (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 15902

• Home prices YoY: -28.8%
• Active inventory: 64
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $850 high
• Mortgage (P&I): −$157
• Tax from tax record: −$66 /mo · $798/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $436

Break-even live

Break-even rent $298

Max offer price $29,900

Occupancy floor 44%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
619 Grove Ave Johnstown, PA	2.0	2.0	1100	$1,050	$0.95	43d	1	0.22mi
1201 Heeney Ave Johnstown, PA	1.0–3.0	1.0	750	$950	$1.27	4d	1	0.38mi
343 Linden Ave Unit 2 Johnstown, PA	1.0	1.0	850	$675	$0.79	43d	1	0.44mi
522 Vickroy Ave Johnstown, PA	3.0	1.0	1125	$850	$0.76	43d	1	0.52mi
520 Vickroy Ave Johnstown, PA	1.0	1.0	1125	$500	$0.44	43d	1	0.52mi
412 Oak St Unit 1 Johnstown, PA	2.0	1.0	1100	$900	$0.82	43d	1	1.43mi

Listing history 18 events

1. 2026-06-19
   days on market $29,900 Active 155 DOM
2. 2026-06-18
   days on market $29,900 Active 154 DOM
3. 2026-06-17
   days on market $29,900 Active 153 DOM
4. 2026-06-16
   days on market $29,900 Active 152 DOM
5. 2026-06-15
   days on market $29,900 Active 151 DOM
6. 2026-06-14
   days on market $29,900 Active 149 DOM
7. 2026-06-12
   days on market $29,900 Active 148 DOM
8. 2026-06-09
   days on market $29,900 Active 145 DOM
9. 2026-06-08
   days on market $29,900 Active 144 DOM
10. 2026-06-07
    days on market $29,900 Active 143 DOM
11. 2026-06-05
    days on market $29,900 Active 140 DOM
12. 2026-06-02
    days on market $29,900 Active 138 DOM
13. 2026-06-01
    days on market $29,900 Active 137 DOM
14. 2026-05-31
    days on market $29,900 Active 136 DOM
15. 2026-05-30
    days on market $29,900 Active 135 DOM
16. 2026-01-15
    listed $29,900 Active 726-char remark

    Show marketing remark (726 chars)

    GREAT INVESTMENT OPPORTUNITY FOR YOUR REAL ESTATE PORTFOLIO. .. this 2 bedroom, 1 bath home in the City of Johnstown's 17th Ward is a property worth considering. The home features foyer, livng room with panelled walls and WW carpet; eat-in kitchen with laminate floor; and full bath on the main floor. The second floor offers 2 bedrooms with closets and carpeting. Covered porch, on-street parking, some new windows, gas heat, and lower taxes makes this a must see property. Home is situated on a corner lot and is conveniently located to transportation, shopping, hopsital/medical facilities, and recreational/entertainment venues. Call today for more details, to receive your tour packet, and to schedule your personal tour!

17. 1996-07-01
    soldstatus $23,500
18. 1993-03-01
    soldstatus $14,000

ⓘ 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: $798 · $66/mo
• Projected year-2 tax: $798 · $66/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 4/10 Moderate 7 d/yr ≥93°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: $10,204
• − Mortgage interest: −$1,675
• − Property taxes: −$798
• − Insurance: −$150
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$870
• Taxable income: $5,079
• Est. tax owed @ 24.0%: −$1,219
• After-tax cash flow: $4,013/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

+113.6% since first listed

3 events — show timeline

• 2026-01-15 Listed $29,900 CSMLS
• 1996-07-01 Sold (Public Records) $23,500 Public Records
• 1993-03-01 Sold (Public Records) $14,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $798 · +0.0% YoY. Source: county tax records.