553 Putnam St · West Hazleton, PA 18202

$215,000

4 bd · 1.0 ba · 1,303 sqft · SingleFamily public records · 8 Days on market

Built 1950 10,019 sqft lot Est $223k · at est.

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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 +14.1/30.0
• Appreciation +10.0/10.0
• ARV discount +9.1/15.0
• DSCR +4.3/10.0
• 1% rule +4.2/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks

Classic Cape Cod with Endless Potential!Opportunity awaits in this spacious 4-bedroom, 1.5-bath Cape Cod offering approximately 1,600 square feet of living space. Solidly built with a brick exterior on all four sides, this home is full of character, charm, and possibilities. The main level features two bedrooms, a large eat-in kitchen, and a cozy living room highlighted by a fireplace.

Key facts

• Large eat-in kitchen
• Cozy living room
• Brick exterior

Tags

• BRICK EXTERIOR
• LARGE EAT-IN KITCHEN
• COZY LIVING ROOM
• FIREPLACE

Property features AI

Exterior

• Utilities: Public sewer
• Home design: Single-family residence; Two levels
• Construction: Brick construction
• Exterior features: Cleared lot

Interior

• Kitchen: Eat-in kitchen
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil steam heating
• Interior features: Eat-in kitchen; Wood-burning fireplace; Partially finished basement; Seven total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $30 ($356/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 $197k (8.2% below list).
• Recommended offer: $197k (8.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#1,036 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools F, amenities F, commute F.
• Hazleton Area SD (suburban): math 18% / reading 30% proficiency, ranked #476 of 539 in PA (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 270 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).
• This rent runs 43% of the median local income ($55k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $23k of equity ($1k loan paydown + $22k appreciation (10.0% local appreciation)).
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $140k; list at $215k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $197,301 (8.2% below list)

Questions for the listing agent

1. Built in 1950 — 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 F-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: 0.92% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.59%
• DSCR: 1.03
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $222,813
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
529 Putnam St	0.05mi	3/1.0 (-1)	1,213 (-7%)	8mo	$250,000	$206	75
711 Boundary St	0.33mi	3/2.0 (-1)	1,240 (-5%)	6mo	$154,000	$124	62
1009 Peace St	0.63mi	3/1.5 (-1)	1,288 (-1%)	5mo	$220,000	$171	58
307 Green St	0.53mi	4/1.0	1,470 (+13%)	3mo	$165,000	$112	52
675 Lincoln St	0.54mi	3/1.0 (-1)	1,200 (-8%)	6mo	$128,000	$107	52
304 Green St	0.55mi	4/1.0	1,138 (-13%)	2mo	$220,000	$193	51
13 Branch St	0.63mi	3/1.0 (-1)	1,215 (-7%)	6mo	$120,000	$99	50
667 Roosevelt St	0.43mi	3/1.0 (-1)	1,488 (+14%)	3mo	$180,000	$121	49
536 Green St	0.70mi	3/1.0 (-1)	1,200 (-8%)	3mo	$215,000	$179	47
16 Third St	0.63mi	3/1.0 (-1)	1,435 (+10%)	3mo	$76,000	$53	46
713 6th St	0.71mi	4/2.0	1,125 (-14%)	5mo	$204,999	$182	36
630 23rd St	0.69mi	3/1.5 (-1)	1,120 (-14%)	9mo	$200,000	$179	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.7%
• Equity multiple: 2.98×
• Total profit: $119,038
• Equity at exit: $193,689

10-year hold

• IRR: 21.8%
• Equity multiple: 6.80×
• Total profit: $349,176
• Equity at exit: $417,698

Cash invested: $60,200 (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 18202

• Home prices YoY: 7.1%
• Active inventory: 270
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,973 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$312 /mo · $3,744/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $30

Break-even live

Break-even rent $1,935

Max offer price $215,000

Occupancy floor 94%

Sensitivity live

Price	-10% $151	-5% $90	+0% $30	+5% $-31	+10% $-92
Rent	-10% $-126	-5% $-48	+0% $30	+5% $108	+10% $186
Rate	-1.0pp $138	-0.5pp $84	base $30	+0.5pp $-26	+1.0pp $-83

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
538 Carson St Hazleton, PA	3.0	1.0	1400	$1,450	$1.04	45d	1	1.39mi

Listing history 7 events

1. 2026-06-18
   status $215,000 Pending 8 DOM
2. 2026-06-17
   days on market $215,000 Active 8 DOM
3. 2026-06-16
   days on market $215,000 Active 7 DOM
4. 2026-06-15
   days on market $215,000 Active 6 DOM
5. 2026-06-14
   days on market $215,000 Active 4 DOM
6. 2026-06-12
   remarks 388-char remark
7. 2026-06-12
   listed $215,000 Active 3 DOM

ⓘ 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: $3,744 · $312/mo
• Projected year-2 tax: $3,744 · $312/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) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,676
• − Mortgage interest: −$12,043
• − Property taxes: −$3,744
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,894
• − Management: −$1,894
• − Depreciation: −$6,255
• Taxable loss: −$3,229
• Est. tax savings @ 24.0%: +$775
• After-tax cash flow: $1,130/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: Hazleton Area SD
• NCES district ID: 4211700
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 30% ▼ -15.00%
• Median HH income: $42,247
• Composite: 20.44/100
• National rank: #8582
• State rank: #476 of 539 in PA

Livability — West Hazleton

• Score: 66/100
• State rank: #1036
• US rank: #11561

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: West Hazleton, PA
• County: Luzerne County · 118,885 people
• Metro: Scranton--Wilkes-Barre, PA
• Population (ZIP): 13,755
• Household income: $55,153
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 369.0

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 33% Two or more races 9% Black 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 22%
• Common ancestry: Romanian 13% Iranian 1% Lithuanian 1%
• Foreign-born: 18% · Canada, Jamaica
• Languages at home: 71% English-only · Spanish 26% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.19%
• Current HPI: 306.1029
• Rent YoY: —
• Metro: Scranton--Wilkes-Barre, 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

+53.5% since first listed

2 events — show timeline

• 2026-06-08 Listed $215,000 LCAR
• 2007-06-06 Sold (Public Records) $140,100 Public Records

Property tax history

+3.2%/yr

Latest (2026): $3,744 · +10.7% YoY. Source: county tax records.