3924 Penn Ave · Sinking Spring, PA 19608

$219,900

2 bd · 1.0 ba · 899 sqft · Townhouse public records · 5 Days on market

Built 1910 2,178 sqft lot Est $202k · 9% over

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Why this score? — see what drove the F 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 +10.1/30.0
• Schools +4.6/10.0
• Livability +3.9/5.0
• ARV discount +3.6/15.0
• DSCR +2.9/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

Key facts

• 2 parking spots
• Built 1910
• Listed 5 days

Property features AI

Exterior

• Parking: Asphalt driveway; Driveway parking with 2 spaces; Total of 2 garage and parking spaces
• Utilities: 100 Amp electric service; Natural gas hot water; Public water; Public sewer
• Home design: Semi-detached property; Good condition; Fee simple ownership; Not in a federal flood zone
• Construction: Vinyl siding; Stone foundation; Architectural shingle roof; Built (year source: Assessor)
• Exterior features: Sidewalks; Street lights; Patio(s); Porch(es); Shed

Interior

• Kitchen: Kitchen with table space; Upgraded countertops
• Bedrooms: Two bedrooms on the first upper level; One bedroom on the second upper level
• Flooring: Carpet; Ceramic tile; Laminate plank
• Bathrooms: One full bathroom (upper level); One half bathroom (lower level)
• Heating & cooling: Hot water heating; Natural gas heating
• Interior features: Traditional floor plan with formal dining room and separate dining area; Dining area and kitchen table space; Upgraded countertops; Tub/shower
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $220k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (10.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (25.4% below list).
• Recommended offer: $164k (25.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 2.9% in Sinking Spring — 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 (#346 in PA, #3,047 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Wilson SD (suburban): math 46% / reading 59% proficiency, ranked #127 of 539 in PA (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Green Valley El Sch (math 56% / reading 64%, grade B-, #371 of 1,518 statewide, top 25%, 537 students, 22% FRL); Wilson West Ms (math 30% / reading 60%, grade D, #187 of 512 statewide, top 38%, 739 students, 31% FRL); Wilson Hs (math 61% / reading 24%, grade F, #225 of 437 statewide, top 51%, 2,059 students, 34% FRL).
• Market conditions: 91 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 258 units permitted in Berks County in 2024 (27 in 5+ unit buildings).
• This rent is only 18% of the median local income ($110k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

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.
• Berks County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $185k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,061 (25.4% 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 1910 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.75% ✗
• Cap rate: 5.58%
• Cash-on-cash: -2.54%
• DSCR: 0.89
• GRM: 11.2

CMA / ARV

• ARV (on-the-fly): $202,275
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 Cacoosing	0.18mi	3/1.0 (+1)	1,020 (+14%)	7mo	$230,000	$225	58
109 Cacoosing	0.17mi	3/1.0 (+1)	1,020 (+14%)	20mo	$221,000	$217	48

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: -20.5%
• Equity multiple: 0.29×
• Total profit: $-43,976
• Equity at exit: $32,788

10-year hold

• IRR: -13.8%
• Equity multiple: 0.20×
• Total profit: $-49,127
• Equity at exit: $19,013

Cash invested: $61,572 (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 19608

• Home prices YoY: -21.4%
• Active inventory: 91
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,641 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$182 /mo · $2,181/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $-130

Break-even live

Break-even rent $1,806

Max offer price $196,850

Occupancy floor —

Sensitivity live

Price	-10% $-6	-5% $-68	+0% $-130	+5% $-193	+10% $-255
Rent	-10% $-260	-5% $-195	+0% $-130	+5% $-66	+10% $-1
Rate	-1.0pp $-20	-0.5pp $-75	base $-130	+0.5pp $-187	+1.0pp $-245

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 James St Reading, PA	1.0–2.0	1.0	760	$1,629	$2.14	15d	4	0.42mi
2815 Wyoming Dr Sinking Spring, PA	1.0–3.0	1.0	850	$1,700	$2.00	15d	1	0.93mi

Listing history 10 events

1. 2026-05-23
   historical $219,900
2. 2023-07-25
   soldstatus $185,000 Closed 851-char remark

   Show marketing remark (851 chars)

   If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

3. 2023-06-24
   status Pending 851-char remark

   Show marketing remark (851 chars)

   If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

4. 2023-06-24
   historical 851-char remark

   Show marketing remark (851 chars)

   If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

5. 2023-06-24
   price $185,000 851-char remark

   Show marketing remark (851 chars)

   If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

6. 2023-06-21
   listed $169,900 Active 851-char remark

   Show marketing remark (851 chars)

   If a newly renovated home is your hearts desire…your search ends here! Welcome to 3924 Penn Ave located in the Wilson School District. This 3 bedroom 1.5 bath semi detatched home has been thoughtfully updated and appeals to the trendy buyer. The entire home has new flooring and paint. Walk in to a white kitchen with granite countertops and a subway tile backsplash. Large dining room and living room. Upstairs offers 2 private large bedrooms and a newly updated bathroom with a tiled bath/shower combo and a new vanity with an LED mirror. The attic has been finished to a 3rd bedroom or additional living space. Dry basement with a half bath and washer/dryer hookup. Flat back yard, storage shed, and a long driveway for off street parking. Convenient to major highways, schools, and shopping. You will love to call this your Home Sweet Home!

7. 2023-05-01
   soldstatus $92,000
8. 2023-04-24
   soldstatus $92,000 Closed 309-char remark

   Show marketing remark (309 chars)

   A very affordable, semi detached home in the Wilson SD. Very solid home that just needs someone to come in and put some elbow grease into it and make their own. You do need to walk through the bathroom to access the second bedroom. Off-street parking is available in the rear of the home, off of Columbia Ave.

9. 2023-04-07
   status Pending 309-char remark

   Show marketing remark (309 chars)

   A very affordable, semi detached home in the Wilson SD. Very solid home that just needs someone to come in and put some elbow grease into it and make their own. You do need to walk through the bathroom to access the second bedroom. Off-street parking is available in the rear of the home, off of Columbia Ave.

10. 2023-04-05
    historical $79,900 309-char remark

    Show marketing remark (309 chars)

    A very affordable, semi detached home in the Wilson SD. Very solid home that just needs someone to come in and put some elbow grease into it and make their own. You do need to walk through the bathroom to access the second bedroom. Off-street parking is available in the rear of the home, off of Columbia Ave.

ⓘ 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: $2,181 · $182/mo
• Projected year-2 tax: $2,828 · $236/mo
• Expected delta: +$647/yr (+$54/mo · 29.6%)

ⓘ 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 5/10 Major 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,687
• − Mortgage interest: −$12,318
• − Property taxes: −$2,181
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$6,397
• Taxable loss: −$5,458
• Est. tax savings @ 24.0%: +$1,310
• After-tax cash flow: $-256/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: Wilson SD
• NCES district ID: 4226580
• Math proficiency: 46% ▼ -10.00%
• Reading proficiency: 59% ▼ -11.00%
• Median HH income: $65,787
• Composite: 46.32/100
• National rank: #2471
• State rank: #127 of 539 in PA

Livability — Sinking Spring

• Score: 77/100
• State rank: #346
• US rank: #3047

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: Sinking Spring, PA
• County: Berks County · 195,629 people
• Metro: Reading, PA
• Population (ZIP): 24,178
• Household income: $110,173
• Rent vs Own: 23.4% rent · 76.6% own
• Severe rent burden: 411.0

Population outlook (Berks County) Hauer SSP2

• Today (2025): 425,767 people
• By 2030: 428,814 · +0.7%
• By 2040: 433,463 · +1.8%
• By 2050: 439,426 · +3.2%
• By 2075: 478,647 · +12.4%
• By 2100: 518,507 · +21.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 11% Two or more races 6% Asian 4% Black 4%
• Hispanic origin (detail): Puerto Rican 4% Cuban 1% Dominican 3%
• Common ancestry: Romanian 6% Scandinavian 2% Polish 2%
• Foreign-born: 9% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 4% Vietnamese 1%

Political lean MEDSL · Berks

• 2024 margin: R (+12.2) · D 43.4% · R 55.6%
• 2008→2024 swing: -21.4pp toward R · 2008: 9.2pp · 2024: -12.2pp
• All cycles: 2024: R+12.2 2020: R+8.2 2016: R+10.2 2012: R+0.6 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.86%
• Current HPI: 267.9363
• Rent YoY: —
• Metro: Reading, 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

+175.2% since first listed

10 events — show timeline

• 2026-05-23 Coming Soon $219,900 BRIGHT MLS
• 2023-07-25 Sold (MLS) $185,000 BRIGHT MLS
• 2023-06-24 Pending — BRIGHT MLS
• 2023-06-24 Price Changed $185,000 BRIGHT MLS
• 2023-06-24 Listing Removed — BRIGHT MLS
• 2023-06-21 Listed $169,900 BRIGHT MLS
• 2023-05-01 Sold (Public Records) $92,000 Public Records
• 2023-04-24 Sold (MLS) $92,000 BRIGHT MLS
• 2023-04-07 Pending — BRIGHT MLS
• 2023-04-05 Coming Soon $79,900 BRIGHT MLS

Property tax history

+3.4%/yr

Latest (2026): $2,181 · +1.1% YoY. Source: county tax records.