320 Fairfield Ave · Johnstown, PA 15906

$39,900

2 bd · 1.0 ba · 1,122 sqft · SingleFamily · 64 Days on market

Built 1925 6,534 sqft lot $36/sqft · 27% below area Est $55k · 27% 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
• Appreciation +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0

Listing remarks MLS

Solid brick 2 bedroom home located on 2 level lots with plenty of off street parking. Located off the separate dining room is a galley kitchen with wooden cabinets. The spacious living room has walk-out to a covered porch. Both bedrooms are larger in size with 2 closets. Fenced in yard and sewer compliant. Call today!

Key facts

• Level lots
• Covered porch
• Off street parking

Tags

• BRICK HOME
• LEVEL LOTS
• OFF STREET PARKING
• GALLEY KITCHEN
• WOODEN CABINETS
• COVERED PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($860 rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.

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: 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.
• Zoned schools: Greater Johnstown El Sch (math 14% / reading 21%, grade F, #1,291 of 1,518 statewide, top 85%, 1,269 students, 100% FRL); Greater Johnstown Ms (math 6% / reading 24%, grade F, #471 of 512 statewide, top 93%, 660 students, 100% FRL); Greater Johnstown Shs (math 8% / reading 32%, grade F, #387 of 437 statewide, top 89%, 894 students, 98% FRL) — zoned schools average 100% FRL vs 80% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 47 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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 ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $3k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $19k; list at $40k implies a 110% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

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

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 2.16% ✓
• Cap rate: 17.59%
• Cash-on-cash: 40.34%
• DSCR: 2.80
• GRM: 3.9

CMA / ARV

• ARV (median comp): $54,639
• List price: $39,900
• Delta: -26.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
284 Wilson St	0.36mi	2/1.0	1,104 (-2%)	3mo	$49,900	$45	78
405 Chandler Ave	0.27mi	2/1.0	1,056 (-6%)	3mo	$22,500	$21	75
640 Fairfield Ave	0.42mi	3/1.0 (+1)	1,110 (-1%)	1mo	$50,000	$45	73
116 Blawn St	0.26mi	3/1.5 (+1)	1,088 (-3%)	8mo	$30,000	$28	69
48 D St	0.42mi	2/1.0	1,127 (+0%)	12mo	$42,500	$38	69
166 Stone St	0.39mi	2/1.0	1,181 (+5%)	6mo	$42,000	$36	68
217 Olds Ave	0.40mi	3/2.0 (+1)	1,148 (+2%)	8mo	$50,000	$44	62
151 R Stackhouse St	0.53mi	2/1.0	1,024 (-9%)	2mo	$39,000	$38	59
109 Lancer Ct	0.47mi	3/1.0 (+1)	1,072 (-4%)	9mo	$82,500	$77	58
161.5 Barron Ave	0.32mi	2/1.0	968 (-14%)	6mo	$25,000	$26	57
355 Corinne St	0.62mi	2/1.0	1,254 (+12%)	6mo	$52,500	$42	46
456R Strayer St	0.66mi	2/1.0	960 (-14%)	8mo	$15,000	$16	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: 36.8%
• Equity multiple: 2.57×
• Total profit: $17,487
• Equity at exit: $5,949

10-year hold

• IRR: 43.4%
• Equity multiple: 5.13×
• Total profit: $46,153
• 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 15906

• Home prices YoY: -4.0%
• Active inventory: 47
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $860 high
• Mortgage (P&I): −$209
• Tax from tax record: −$78 /mo · $934/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $376

Break-even live

Break-even rent $384

Max offer price $39,900

Occupancy floor 51%

Sensitivity live

Price	-10% $398	-5% $387	+0% $376	+5% $364	+10% $353
Rent	-10% $308	-5% $342	+0% $376	+5% $410	+10% $444
Rate	-1.0pp $396	-0.5pp $386	base $376	+0.5pp $365	+1.0pp $355

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: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Burkhard St Johnstown, PA	2.0	1.0	856	$825	$0.96	25d	1	0.37mi
213 Stone St Johnstown, PA	2.0	1.0	989	$1,100	$1.11	25d	1	0.52mi
444 Stone St Unit 444 Johnstown, PA	2.0	1.0	950	$700	$0.74	25d	1	0.68mi
444 Stone St Johnstown, PA	2.0	1.0	908	$700	$0.77	45d	1	0.68mi
459 Stone St Johnstown, PA	3.0	1.0	1120	$900	$0.80	25d	1	0.70mi

Listing history 22 events

1. 2026-06-19
   days on market $39,900 Active 64 DOM
2. 2026-06-18
   days on market $39,900 Active 63 DOM
3. 2026-06-17
   days on market $39,900 Active 62 DOM
4. 2026-06-16
   days on market $39,900 Active 61 DOM
5. 2026-06-15
   days on market $39,900 Active 60 DOM
6. 2026-06-14
   days on market $39,900 Active 58 DOM
7. 2026-06-12
   pricedays on market $39,900 Active 57 DOM
8. 2026-06-09
   days on market $42,500 Active 54 DOM
9. 2026-06-08
   days on market $42,500 Active 53 DOM
10. 2026-06-07
    days on market $42,500 Active 52 DOM
11. 2026-06-05
    days on market $42,500 Active 49 DOM
12. 2026-06-02
    days on market $42,500 Active 47 DOM
13. 2026-06-01
    days on market $42,500 Active 46 DOM
14. 2026-05-31
    days on market $42,500 Active 45 DOM
15. 2026-05-30
    days on market $42,500 Active 44 DOM
16. 2026-04-16
    listed $42,500 Active 319-char remark

    Show marketing remark (319 chars)

    Solid brick 2 bedroom home located on 2 level lots with plenty of off street parking. Located off the separate dining room is a galley kitchen with wooden cabinets. The spacious living room has walk-out to a covered porch. Both bedrooms are larger in size with 2 closets. Fenced in yard and sewer compliant. Call today!

17. 2011-09-22
    soldstatus $19,000 175-char remark

    Show marketing remark (175 chars)

    Solid brick home with large dining and living room. Double lot. Plenty of off-street parking. Nice parquet floors. Fenced in yard. All appliances included. Call to your today!

18. 2011-09-19
    soldstatus $19,000
19. 2011-08-02
    listed $22,500 175-char remark

    Show marketing remark (175 chars)

    Solid brick home with large dining and living room. Double lot. Plenty of off-street parking. Nice parquet floors. Fenced in yard. All appliances included. Call to your today!

20. 1989-11-01
    soldstatus $9,500
21. 1985-12-01
    soldstatus $10,000
22. 1984-04-01
    soldstatus $15,000

ⓘ 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: $934 · $78/mo
• Projected year-2 tax: $934 · $78/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 4/10 Moderate FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥96°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: $10,319
• − Mortgage interest: −$2,235
• − Property taxes: −$934
• − Insurance: −$200
• − Repairs & maintenance: −$826
• − Management: −$826
• − Depreciation: −$1,161
• Taxable income: $4,138
• Est. tax owed @ 24.0%: −$993
• After-tax cash flow: $3,514/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
• City population: 30,791
• Population (ZIP): 9,654

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 (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Polish 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

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: ▼ -3.26%
• Current HPI: 77.6797
• 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

+183.3% since first listed

7 events — show timeline

• 2026-04-16 Listed $42,500 CSMLS
• 2011-09-22 Sold (MLS) $19,000 CSMLS
• 2011-09-19 Sold (Public Records) $19,000 Public Records
• 2011-08-02 Listed $22,500 CSMLS
• 1989-11-01 Sold (Public Records) $9,500 Public Records
• 1985-12-01 Sold (Public Records) $10,000 Public Records
• 1984-04-01 Sold (Public Records) $15,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $934 · +0.0% YoY. Source: county tax records.