1928 New Bloomfield Rd · Wheatfield, PA 17068

$249,900

3 bd · 1.5 ba · 2,272 sqft · SingleFamily public records · 41 Days on market

Built 1945 0.64 ac lot $110/sqft · 23% below area Est $327k · 23% under

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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).

• ARV discount +15.0/15.0
• Cash flow +9.9/30.0
• Schools +3.8/10.0
• DSCR +2.8/10.0
• 1% rule +2.6/10.0
• 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

This is a perfect project. Nice floor plan. Very large garage. L-Shaped lot. Inground pool (requires repairs). Nice country setting with a great view.

Key facts

• Surrounding decking
• Large garage
• Above ground pool

Tags

• LARGE GARAGE
• ABOVE GROUND POOL
• SURROUNDING DECKING

Property features AI

Exterior

• Parking: Detached oversized garage with 3 garage spaces; Driveway parking for 2 vehicles; Total of 5 garage/parking spaces; Dirt driveway
• Utilities: 200+ amp electrical service with circuit breakers; Hot water: oil; Heating fuel: electric and oil; Cooling fuel: electric; Water: private well; Sewer: on-site septic
• Home design: Detached structure; Shingle roof; Crawl space foundation; Fee simple ownership
• Construction: Stone and vinyl siding exterior; Built year (assessor source)
• Exterior features: Deck(s); Outbuilding(s); Above-ground personal pool

Interior

• Kitchen: Pellet stove
• Bedrooms: Three main-level bedrooms
• Flooring: Hardwood; Laminate; Partially carpeted
• Bathrooms: One full bathroom; One half bathroom (main level)
• Heating & cooling: Forced air heating; Other heating sources (oil and electric listed separately); Central A/C; Ductless / mini-split; Window unit(s)
• Interior features: Soaking tub; Stove - pellet; Wood floors; Level entry main

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-155 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (23.8% below list).
• Recommended offer: $190k (23.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Susquenita SD (rural): math 34% / reading 53% proficiency, ranked #275 of 539 in PA (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Susquenita Hs (math 64%, 503 students, 31% FRL) — zoned schools at 31% FRL track the district average.
• Market conditions: 19 active listings in the ZIP; 107 units permitted in Perry County in 2024 (0 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.
• Perry County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y 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 $140k; list at $250k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $190,324 (23.8% 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. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.76% ✗
• Cap rate: 5.55%
• Cash-on-cash: -2.65%
• DSCR: 0.88
• GRM: 10.9

CMA / ARV

• ARV (median comp): $326,573
• List price: $249,900
• Delta: -23.48%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.7%
• Equity multiple: 0.28×
• Total profit: $-50,363
• Equity at exit: $37,261

10-year hold

• IRR: -14.0%
• Equity multiple: 0.19×
• Total profit: $-56,601
• Equity at exit: $21,607

Cash invested: $69,972 (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 17068

• Home prices YoY: -14.6%
• Active inventory: 19
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,903 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$244 /mo · $2,924/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-155

Break-even live

Break-even rent $2,099

Max offer price $222,565

Occupancy floor —

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $249,900 Active 41 DOM
2. 2026-06-17
   days on market $249,900 Active 40 DOM
3. 2026-06-16
   days on market $249,900 Active 39 DOM
4. 2026-06-15
   days on market $249,900 Active 38 DOM
5. 2026-06-14
   days on market $249,900 Active 36 DOM
6. 2026-06-13
   days on market $249,900 Active 35 DOM
7. 2026-06-10
   days on market $249,900 Active 33 DOM
8. 2026-06-09
   days on market $249,900 Active 32 DOM
9. 2026-06-08
   days on market $249,900 Active 31 DOM
10. 2026-06-07
    days on market $249,900 Active 30 DOM
11. 2026-06-05
    days on market $249,900 Active 27 DOM
12. 2026-06-03
    days on market $249,900 Active 26 DOM
13. 2026-06-02
    days on market $249,900 Active 25 DOM
14. 2026-06-01
    days on market $249,900 Active 24 DOM
15. 2026-05-31
    days on market $249,900 Active 23 DOM
16. 2026-05-31
    days on market $249,900 Active 22 DOM
17. 2026-05-08
    listed $249,900 Active 673-char remark
18. 2015-10-29
    soldstatus $140,000
19. 2012-03-27
    historical
20. 2011-09-27
    listed $149,900
21. 2011-04-04
    soldstatus $57,000

    Show marketing remark (150 chars)

    This is a perfect project. Nice floor plan. Very large garage. L-Shaped lot. Inground pool (requires repairs). Nice country setting with a great view.

22. 2011-03-20
    historical

    Show marketing remark (150 chars)

    This is a perfect project. Nice floor plan. Very large garage. L-Shaped lot. Inground pool (requires repairs). Nice country setting with a great view.

23. 2010-08-26
    listed $59,900

    Show marketing remark (150 chars)

    This is a perfect project. Nice floor plan. Very large garage. L-Shaped lot. Inground pool (requires repairs). Nice country setting with a great view.

24. 2003-01-21
    soldstatus $139,900
25. 1998-10-29
    soldstatus $116,000

ⓘ 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: $2,924 · $244/mo
• Projected year-2 tax: $3,436 · $286/mo
• Expected delta: +$512/yr (+$43/mo · 17.5%)

ⓘ 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 4/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,839
• − Mortgage interest: −$13,998
• − Property taxes: −$2,924
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,827
• − Management: −$1,827
• − Depreciation: −$7,270
• Taxable loss: −$6,257
• Est. tax savings @ 24.0%: +$1,502
• After-tax cash flow: $-355/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: Susquenita SD
• NCES district ID: 4223040
• Math proficiency: 34% ▼ -5.00%
• Reading proficiency: 53% ▼ -8.00%
• Median HH income: $59,765
• Composite: 38.26/100
• National rank: #4240
• State rank: #275 of 539 in PA

Livability — Wheatfield

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

Census & demographics

• Population (ZIP): 4,384

Population outlook (Perry County) Hauer SSP2

• Today (2025): 44,250 people
• By 2030: 42,862 · -3.1%
• By 2040: 39,574 · -10.6%
• By 2050: 36,001 · -18.6%
• By 2075: 27,991 · -36.7%
• By 2100: 20,936 · -52.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 7% Hispanic / Latino 3% Black 1%
• Common ancestry: Polish 5% Romanian 3% Iranian 3%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Perry

• 2024 margin: Solid R (+49.3) · D 24.8% · R 74.1% · Other 1.0%
• 2008→2024 swing: -15.6pp toward R · 2008: -33.7pp · 2024: -49.3pp
• All cycles: 2024: R+49.3 2020: R+50.1 2016: R+51.9 2012: R+38.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.07%
• Current HPI: 157.819
• 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

+115.4% since first listed

9 events — show timeline

• 2026-05-08 Listed $249,900 BRIGHT MLS
• 2015-10-29 Sold (Public Records) $140,000 Public Records
• 2012-03-27 Listing Removed — BRIGHT MLS
• 2011-09-27 Listed $149,900 BRIGHT MLS
• 2011-04-04 Sold (MLS) $57,000 BRIGHT MLS
• 2011-03-20 Listing Removed — BRIGHT MLS
• 2010-08-26 Listed $59,900 BRIGHT MLS
• 2003-01-21 Sold (Public Records) $139,900 Public Records
• 1998-10-29 Sold (Public Records) $116,000 Public Records

Property tax history

+0.1%/yr

Latest (2026): $2,924 · -12.2% YoY. Source: county tax records.