104 S 3rd St · Colwyn, PA 19023

$150,000

3 bd · 1.0 ba · 1,312 sqft · SingleFamily public records · 9 Days on market

Built 1940 2,178 sqft lot Est $223k · 33% under

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Why this score? — see what drove the C+ 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 +22.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +6.1/10.0
• Rent growth +5.0/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

3 bed, 1bath twin in Colwyn. living room, formal dinning room, kitchen on the first floor, 2nd floor has 3 bedrooms, and a hall bath. for the right buyer, seller will install new vinyl floor on 2nd floor, replace drop ceiling with sheet rock, paint the whole house, replace sewer line, all township requirements.

Key facts

• Built 1940
• Listed 9 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 83/100 on livability (#119 in PA, #943 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: schools D.
• William Penn SD (suburban): math 11% / reading 28% proficiency, ranked #491 of 539 in PA (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+13.1%/yr); 98 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• This rent runs 43% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts; this cycle's ask is 16% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.04%
• DSCR: 1.31
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $223,040
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2513 S 76th St	0.51mi	3/2.0	1,264 (-4%)	4mo	$245,000	$194	63
9 N Front St	0.21mi	3/1.0	1,439 (+10%)	15mo	$107,000	$74	62
1129 Duncan	0.62mi	4/2.0 (+1)	1,237 (-6%)	12mo	$240,000	$194	43
311 N 9th St	0.54mi	4/2.0 (+1)	1,478 (+13%)	12mo	$250,000	$169	35
1010 Summit St	0.65mi	4/2.0 (+1)	1,474 (+12%)	14mo	$250,000	$170	28

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $227
• Equity at exit: $22,365

10-year hold

• IRR: 14.5%
• Equity multiple: 2.44×
• Total profit: $60,612
• Equity at exit: $12,969

Cash invested: $42,000 (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 19023

• Rents YoY: 13.1%
• Active inventory: 98
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,664 high
• Mortgage (P&I): −$787
• Tax from tax record: −$219 /mo · $2,628/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $246

Break-even live

Break-even rent $1,352

Max offer price $150,000

Occupancy floor 80%

Sensitivity live

Price	-10% $331	-5% $289	+0% $246	+5% $204	+10% $162
Rent	-10% $115	-5% $181	+0% $246	+5% $312	+10% $378
Rate	-1.0pp $322	-0.5pp $285	base $246	+0.5pp $208	+1.0pp $168

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
304 S 3rd St Darby, PA	3.0	1.0	1602	$1,695	$1.06	44d	1	0.18mi
304 S 3rd St Darby, PA	3.0	1.0	1602	$1,595	$1.00	21d	1	0.18mi
94 S 6th St Darby, PA	3.0	1.5	1666	$2,000	$1.20	25d	1	0.23mi
106 N 6th St Darby, PA	2.0	1.0	1200	$1,550	$1.29	44d	1	0.29mi
412 S 2nd St Darby, PA	3.0	1.0	1190	$1,100	$0.92	6d	1	0.30mi
417 S 2nd St Darby, PA	3.0	1.0	1190	$1,020	$0.86	6d	1	0.33mi
69 S 7th St Darby, PA	3.0	2.0	1446	$1,700	$1.18	44d	1	0.36mi
700 Pine St Unit 2F Darby, PA	2.0	1.0	1100	$1,250	$1.14	19d	1	0.39mi
209 Hamilton Ave Darby, PA	4.0	1.0	1400	$1,595	$1.14	15d	1	0.52mi
924 Maple Ter Darby, PA	3.0	1.5	1190	$2,000	$1.68	6d	1	0.57mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	6d	1	0.59mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	11d	1	0.59mi
909 Springfield Rd Unit D Darby, PA	4.0	1.0	900	$1,600	$1.78	44d	1	0.64mi
601 Poplar St Sharon Hill, PA	1.0–2.0	1.0	787	$1,599	$2.03	15d	5	0.72mi
1300 Main St Unit Basement Darby, PA	2.0	1.0	1000	$1,450	$1.45	25d	1	0.90mi
2 Winthrop Rd Darby, PA	3.0	1.5	1224	$1,900	$1.55	22d	1	0.97mi
37 Concord Rd Darby, PA	3.0	1.0	1120	$1,795	$1.60	44d	1	1.05mi
118 Felton Ave Darby, PA	3.0	1.0	1152	$1,750	$1.52	22d	1	1.23mi
826 Guenther Ave Lansdowne, PA	2.0	1.0–2.0	800	$1,699	$2.12	25d	1	1.23mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,350	$2.30	45d	1	1.26mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,450	$2.40	25d	1	1.26mi
608 Yeadon Ave Unit 2nd Floor Yeadon, PA	2.0	1.0	1000	$1,400	$1.40	13d	1	1.36mi
608 Yeadon Ave Unit 1st Floor Yeadon, PA	2.0	1.0	1000	$1,400	$1.40	19d	1	1.36mi
619 Baily Rd Lansdowne, PA	3.0	1.0	1288	$1,850	$1.44	19d	1	1.38mi
1200 Angora Dr Lansdowne, PA	3.0	1.0	1530	$2,300	$1.50	6d	1	1.46mi

Listing history 9 events

1. 2026-04-20
   status Pending
2. 2026-02-11
   price $150,000
3. 2026-02-11
   historical Active Under Contract
4. 2026-02-02
   listed $129,000 Active
5. 2026-01-30
   historical
6. 2026-01-09
   status Active
7. 2026-01-02
   historical Active Under Contract
8. 2025-11-29
   listed $129,950 Active
9. 2025-11-29
   historical

ⓘ 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: $2,628 · $219/mo
• Projected year-2 tax: $2,628 · $219/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 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,967
• − Mortgage interest: −$8,402
• − Property taxes: −$2,628
• − Insurance: −$750
• − Repairs & maintenance: −$1,597
• − Management: −$1,597
• − Depreciation: −$4,364
• Taxable income: $629
• Est. tax owed @ 24.0%: −$151
• After-tax cash flow: $2,806/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: William Penn SD
• NCES district ID: 4226390
• Math proficiency: 11% ▼ -3.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $48,543
• Composite: 17.29/100
• National rank: #9086
• State rank: #491 of 539 in PA

Livability — Colwyn

• Score: 83/100
• State rank: #119
• US rank: #943

Category grades

Amenities C+ Commute A+ Cost of living A+ Crime A+ Employment C Housing B+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Colwyn, PA
• County: Delaware County · 399,863 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 22,247
• Household income: $46,463
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 1468.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (76%)
• Race & ethnicity: Black 76% White 15% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Swiss 5% Hispanic 1% Romanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 84% English-only · French/Haitian/Cajun 4% Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.50%
• Current HPI: 277.7034
• Rent YoY: ▲ 13.10%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+15.4% since first listed

9 events — show timeline

• 2026-04-20 Pending — BRIGHT MLS
• 2026-02-11 Price Changed $150,000 BRIGHT MLS
• 2026-02-11 Contingent — BRIGHT MLS
• 2026-02-02 Listed $129,000 BRIGHT MLS
• 2026-01-30 Listing Removed — BRIGHT MLS
• 2026-01-09 Relisted — BRIGHT MLS
• 2026-01-02 Contingent — BRIGHT MLS
• 2025-11-29 Listed $129,950 BRIGHT MLS
• 2025-11-29 Coming Soon — BRIGHT MLS

Property tax history

-0.1%/yr

Latest (2026): $2,628 · +5.4% YoY. Source: county tax records.