307 E Walnut St · York, PA 17403

$152,000

3 bd · 1.0 ba · 1,265 sqft · Townhouse · 17 Days on market

Built 1900 Fair condition 1,198 sqft lot Est $142k · 7% over

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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 +15.3/30.0
• DSCR +4.7/10.0
• 1% rule +4.2/10.0
• ARV discount +4.2/15.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.2/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-3 bedroom home can be yours for a super affordable price! It has a spacious open concept living room and dining room. The kitchen is galley style with extra storage in the back end of the kitchen. The backyard is already fenced in for any pets or children to have fun out back! Recently repainted and new flooring laid! All windows have been repainted and the backyard was cleaned out as well as the chimney having some repointing work and all of the ivy removed that was growing into it.

Key facts

• Built 1900
• Listed 17 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $152k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $56 ($671/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (7.9% below list).
• Recommended offer: $140k (7.9% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 5.0% in York — 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 75/100 on livability (#427 in PA, #3,987 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: amenities D+, crime F, employment F.
• York City SD (urban): math 4% / reading 16% proficiency, ranked #534 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.4%/yr); 213 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,328 units permitted in York County in 2024 (338 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.
• Current owner paid $56k; list at $152k implies a 174% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,045 (7.9% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1900 — 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. 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?
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: 0.92% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.58%
• DSCR: 1.07
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $141,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 E Walnut St	0.00mi	3/1.0	1,265 (0%)	1mo	$152,000	$120	99
225 N Pine St	0.04mi	3/1.0	1,182 (-7%)	2mo	$37,500	$32	85
227 N Pine St	0.04mi	3/1.0	1,182 (-7%)	2mo	$37,500	$32	85
430 E Walnut St	0.20mi	3/1.0	1,368 (+8%)	1mo	$132,000	$96	77
718 York St	0.52mi	3/1.0	1,226 (-3%)	3mo	$165,000	$135	68
818 Wallace St	0.63mi	3/1.0	1,220 (-4%)	0mo	$130,000	$107	64
715 E Clarke Ave	0.52mi	3/1.0	1,182 (-7%)	1mo	$65,000	$55	64
47 E South St	0.65mi	3/1.0	1,344 (+6%)	1mo	$150,000	$112	59
203 Fulton St	0.48mi	3/1.0	1,104 (-13%)	1mo	$174,000	$158	56
917 N Pine St	0.70mi	3/1.0	1,160 (-8%)	0mo	$161,000	$139	53
442 S Duke St	0.72mi	3/1.5	1,342 (+6%)	2mo	$155,000	$115	53
353 E Prospect St	0.47mi	4/1.0 (+1)	1,422 (+12%)	3mo	$145,000	$102	50

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 · 4.43% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.55×
• Total profit: $-19,004
• Equity at exit: $22,664

10-year hold

• IRR: -1.0%
• Equity multiple: 0.92×
• Total profit: $-3,243
• Equity at exit: $13,142

Cash invested: $42,560 (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 17403

• Home prices YoY: -26.9%
• Rents YoY: 4.4%
• Active inventory: 213
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,400 high
• Mortgage (P&I): −$797
• Tax est. 1.5%: −$190 /mo · $2,280/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $56

Break-even live

Break-even rent $1,330

Max offer price $152,000

Occupancy floor 91%

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: $38,000
• Closing costs: $4,560
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
245 Franklin Way York, PA	2.0	2.0	1240	$1,150	$0.93	14d	1	0.04mi
231 Franklin Way York, PA	3.0	1.0	920	$1,195	$1.30	14d	1	0.06mi
339 E Market St Unit 1 York, PA	4.0	1.5	1600	$1,650	$1.03	21d	1	0.19mi
446 Wallace St York, PA	3.0	1.0	1092	$1,295	$1.19	21d	1	0.21mi
113 Arch St York, PA	4.0	1.0	1188	$1,200	$1.01	14d	1	0.32mi
251 N George St York, PA	2.0	2.0	1100	$1,595	$1.45	14d	1	0.35mi
28 N George St Unit H York, PA	2.0	2.0	1400	$1,550	$1.11	44d	1	0.39mi
631 Wallace St Unit 631 York, PA	4.0	1.0	1545	$1,325	$0.86	14d	1	0.39mi
30 N Franklin St York, PA	3.0	1.0	1400	$1,395	$1.00	44d	1	0.49mi
334 N Beaver St York, PA	3.0	1.0	1140	$1,050	$0.92	14d	1	0.51mi
720 Chestnut St Apt 2 York, PA	4.0	1.0	1400	$1,300	$0.93	14d	1	0.52mi
175 W Gay Ave York, PA	1.0–2.0	1.0	1219	$1,650	$1.35	14d	2	0.52mi
133 Stevens Ave York, PA	3.0	1.0	1200	$1,300	$1.08	44d	1	0.54mi
208 Liberty Ct York, PA	3.0	1.0	1096	$1,195	$1.09	44d	1	0.57mi
132 S Beaver St Apt 4 York, PA	2.0	2.0	1000	$1,250	$1.25	44d	1	0.60mi
40 N Tremont St #2 York, PA	3.0	1.0	900	$1,500	$1.67	44d	1	0.70mi
428 Smith St York, PA	3.0	1.0	1522	$1,350	$0.89	14d	1	0.71mi
443 S Duke St York, PA	3.0	1.0	1028	$1,225	$1.19	44d	1	0.72mi
289 Union St York, PA	4.0	1.0	1450	$1,600	$1.10	44d	1	0.73mi
444 S Duke St York, PA	3.0	1.0	1200	$1,200	$1.00	44d	1	0.73mi
314 W Gay Ave York, PA	3.0	1.0	1060	$1,250	$1.18	21d	1	0.77mi
514 S Duke St York, PA	3.0	1.0	1289	$1,625	$1.26	21d	1	0.78mi
715 Vander Ave York, PA	3.0	1.0	1180	$1,295	$1.10	14d	1	0.78mi
516 E Boundary Ave York, PA	2.0	1.0	1128	$1,200	$1.06	14d	1	0.82mi
42 Laurel St York, PA	3.0	1.0	1136	$1,375	$1.21	21d	1	0.85mi
626 S Queen St York, PA	3.0	1.0	1526	$1,225	$0.80	21d	1	0.86mi
1027 E Market St Unit 2 York, PA	2.0	1.0	1145	$1,095	$0.96	14d	1	0.87mi
216 Park Pl York, PA	4.0	1.0	1192	$1,350	$1.13	14d	1	0.96mi
231 Roosevelt Ave York, PA	3.0	1.5	1584	$1,750	$1.10	14d	1	0.99mi
1301 N Duke St York, PA	2.0	1.5	1520	$1,475	$0.97	44d	1	1.06mi
119 W Jackson St York, PA	4.0	1.0	1800	$1,395	$0.78	44d	1	1.06mi
466 W College Ave York, PA	3.0	1.0	1068	$1,295	$1.21	44d	1	1.12mi
450 Madison Ave York, PA	1.0–2.0	1.0	862	$1,250	$1.45	14d	1	1.13mi
588 Company St York, PA	3.0	1.5	1416	$1,475	$1.04	44d	1	1.20mi
631 Roosevelt Ave Unit 2 York, PA	3.0	1.0	1170	$1,150	$0.98	14d	1	1.23mi
720 Elm Ter York, PA	3.0	1.5	1200	$1,950	$1.62	21d	1	1.23mi
132 N West St York, PA	4.0	1.0	1560	$1,600	$1.03	14d	1	1.24mi
549 Lancaster Ave York, PA	3.0	1.0	1458	$1,875	$1.29	44d	1	1.25mi
1505 3rd Ave York, PA	3.0	1.5	1408	$1,800	$1.28	14d	1	1.35mi
648 W College Ave York, PA	3.0	1.0	1100	$1,275	$1.16	44d	1	1.40mi

Listing history 8 events

1. 2026-04-11
   status Pending
2. 2026-03-26
   listed $152,000 Active
3. 2026-03-19
   historical $152,000
4. 2024-07-09
   historical $1,350
5. 2024-06-22
   listed $1,350
6. 2024-02-28
   soldstatus $55,500 Closed 497-char remark

   Show marketing remark (497 chars)

   This 2-3 bedroom home can be yours for a super affordable price! It has a spacious open concept living room and dining room. The kitchen is galley style with extra storage in the back end of the kitchen. The backyard is already fenced in for any pets or children to have fun out back! Recently repainted and new flooring laid! All windows have been repainted and the backyard was cleaned out as well as the chimney having some repointing work and all of the ivy removed that was growing into it.

7. 2024-01-22
   status Pending 497-char remark

   Show marketing remark (497 chars)

   This 2-3 bedroom home can be yours for a super affordable price! It has a spacious open concept living room and dining room. The kitchen is galley style with extra storage in the back end of the kitchen. The backyard is already fenced in for any pets or children to have fun out back! Recently repainted and new flooring laid! All windows have been repainted and the backyard was cleaned out as well as the chimney having some repointing work and all of the ivy removed that was growing into it.

8. 2024-01-19
   listed $67,000 Active 497-char remark

   Show marketing remark (497 chars)

   This 2-3 bedroom home can be yours for a super affordable price! It has a spacious open concept living room and dining room. The kitchen is galley style with extra storage in the back end of the kitchen. The backyard is already fenced in for any pets or children to have fun out back! Recently repainted and new flooring laid! All windows have been repainted and the backyard was cleaned out as well as the chimney having some repointing work and all of the ivy removed that was growing into it.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,805
• − Mortgage interest: −$8,514
• − Property taxes: −$2,280
• − Insurance: −$760
• − Repairs & maintenance: −$1,344
• − Management: −$1,344
• − Depreciation: −$4,422
• Taxable loss: −$1,860
• Est. tax savings @ 24.0%: +$446
• After-tax cash flow: $1,117/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This townhouse requires moderate renovations to update the kitchen and bathroom, but is otherwise in fair condition with a good roof and recent flooring. The property is currently occupied by tenants and has a good rental history.

Repairs flagged

• Major kitchen cabinets — poor condition
• Major bathroom fixtures — dated and worn

Value-add opportunities

• Both update kitchen cabinets — modernizing kitchen
• Both update bathroom fixtures — modernizing bathroom

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · poor condition	Major	$15,000–50,000
bathroom fixtures · dated and worn	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both update kitchen cabinets — modernizing kitchen ↑
• Both update bathroom fixtures — modernizing bathroom ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: York City SD
• NCES district ID: 4226820
• Math proficiency: 4% ▼ -7.00%
• Reading proficiency: 16% ▼ -9.00%
• Median HH income: $29,470
• Composite: 7.61/100
• National rank: #9943
• State rank: #534 of 539 in PA

Livability — York

• Score: 75/100
• State rank: #427
• US rank: #3987

Category grades

Amenities D+ Commute A- Cost of living A+ Crime F Employment F Housing A Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: York, PA
• County: York County · 278,806 people
• City population: 184,764
• Metro: York-Hanover, PA
• Population (ZIP): 40,287
• Household income: $75,384
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1305.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 60% Hispanic / Latino 20% Black 12% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Dominican 3%
• Common ancestry: Romanian 3% Lithuanian 1% Slovak 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 81% English-only · Spanish 14% Other Indo-European 1% Arabic 1%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.51%
• Current HPI: 284.0731
• Rent YoY: ▲ 4.43%
• Metro: York-Hanover, 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

+126.9% since first listed

8 events — show timeline

• 2026-04-11 Pending — BRIGHT MLS
• 2026-03-26 Listed $152,000 BRIGHT MLS
• 2026-03-19 Coming Soon $152,000 BRIGHT MLS
• 2024-07-09 Rental Removed $1,350 TURBOTENANT
• 2024-06-22 Listed for Rent $1,350 TURBOTENANT
• 2024-02-28 Sold (MLS) $55,500 BRIGHT MLS
• 2024-01-22 Pending — BRIGHT MLS
• 2024-01-19 Listed $67,000 BRIGHT MLS