1007 E Prospect St · York, PA 17403

$134,900

2 bd · 1.0 ba · 800 sqft · SingleFamily public records · 178 Days on market

Built 1940 3,049 sqft lot $169/sqft · 15% below area Est $158k · 15% under

---

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 +14.0/15.0
• Cash flow +11.8/30.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Rent growth +3.6/5.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

Key facts

• 3,049 sq ft lot
• Built 1940
• Listed 177 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $-36 ($-438/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (4.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (13.8% below list).
• Recommended offer: $116k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.9% in York — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Zoned schools: Hannah Penn (math 0% / reading 9%, grade F, #1,516 of 1,518 statewide, top 100%, 679 students, 100% FRL); Edgar Fahs Smith Steam Academy (math 7% / reading 35%, grade F, #432 of 512 statewide, top 85%, 240 students, 100% FRL); William Penn Shs (math 22% / reading 8%, grade F, #407 of 437 statewide, top 94%, 1,534 students, 100% FRL) — zoned schools average 100% FRL vs 72% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.4%/yr); 223 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $31k; list at $135k implies a 338% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,346 (13.8% 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 178 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.86% ✗
• Cap rate: 5.97%
• Cash-on-cash: -1.16%
• DSCR: 0.95
• GRM: 9.7

CMA / ARV

• ARV (median comp): $157,784
• List price: $134,900
• Delta: -14.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
838 E Maple St	0.33mi	2/1.0	784 (-2%)	9mo	$136,000	$173	74
339 Fredrick Ct	0.20mi	2/1.0	896 (+12%)	3mo	$150,000	$167	68
321 Fredrick Ct	0.26mi	2/1.0	896 (+12%)	3mo	$138,000	$154	65
734 Edison St	0.43mi	2/1.0	770 (-4%)	12mo	$155,000	$201	64
326 Frederick Ct	0.25mi	2/1.5	896 (+12%)	10mo	$145,000	$162	58
1227 E Prospect St	0.22mi	2/1.0	720 (-10%)	20mo	$170,000	$236	56
1145 Springdale Ave	0.49mi	2/1.0	860 (+8%)	12mo	$200,000	$233	54
1213 E Prospect St	0.20mi	2/1.0	720 (-10%)	24mo	$160,000	$222	54
1212 E Jackson St	0.35mi	2/1.0	908 (+14%)	11mo	$153,000	$169	52
320 Fredrick Ct	0.27mi	2/1.0	896 (+12%)	23mo	$134,000	$150	48
1713 6th Ave	0.68mi	2/1.0	840 (+5%)	16mo	$220,000	$262	46

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: -16.5%
• Equity multiple: 0.41×
• Total profit: $-22,452
• Equity at exit: $20,114

10-year hold

• IRR: -5.9%
• Equity multiple: 0.60×
• Total profit: $-15,239
• Equity at exit: $11,664

Cash invested: $37,772 (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: 223
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,163 high
• Mortgage (P&I): −$707
• Tax from tax record: −$192 /mo · $2,304/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $-36

Break-even live

Break-even rent $1,210

Max offer price $128,458

Occupancy floor 98%

Sensitivity live

Price	-10% $40	-5% $2	+0% $-36	+5% $-75	+10% $-113
Rent	-10% $-128	-5% $-82	+0% $-36	+5% $9	+10% $55
Rate	-1.0pp $31	-0.5pp $-2	base $-36	+0.5pp $-71	+1.0pp $-107

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
728 E Princess St Apt 3 York, PA	2.0	1.0	822	$995	$1.21	45d	1	0.35mi
40 N Tremont St #2 York, PA	3.0	1.0	900	$1,500	$1.67	45d	1	0.62mi
606 E Market St Unit 1STFLRREAR York, PA	2.0	1.0	700	$925	$1.32	15d	1	0.62mi
347 E King St Unit 1 York, PA	1.0	1.0	800	$1,000	$1.25	45d	1	0.79mi
164 S Pine St York, PA	1.0	1.0	620	$825	$1.33	45d	1	0.83mi
208 Liberty Ct York, PA	3.0	1.0	1096	$1,195	$1.09	45d	1	0.88mi
446 Wallace St York, PA	3.0	1.0	1092	$1,295	$1.19	23d	1	0.88mi
327 E Philadelphia St Unit 1st Floor York, PA	1.0	1.0	550	$750	$1.36	15d	1	0.93mi
232 E Market St York, PA	1.0	1.0	650	$1,299	$2.00	15d	2	0.95mi
443 S Duke St York, PA	3.0	1.0	1028	$1,225	$1.19	45d	1	0.99mi
231 Franklin Way York, PA	3.0	1.0	920	$1,195	$1.30	15d	1	1.07mi
28 N George St York, PA	1.0	1.5	990	$1,295	$1.31	45d	1	1.24mi
132 S Beaver St Apt 4 York, PA	2.0	2.0	1000	$1,250	$1.25	45d	1	1.27mi
49 W Market St Unit 1R York, PA	1.0	1.0	536	$950	$1.77	45d	1	1.30mi
49 W Market St Unit 2 R York, PA	2.0	1.0	788	$975	$1.24	15d	1	1.30mi
251 N George St York, PA	2.0	2.0	1100	$1,595	$1.45	15d	1	1.33mi
175 W Gay Ave York, PA	1.0–2.0	1.0	1219	$1,650	$1.35	15d	2	1.46mi

Listing history 14 events

1. 2026-05-30
   days on market $134,900 Active 178 DOM
2. 2026-04-28
   price $134,900 394-char remark

   Show marketing remark (394 chars)

   Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

3. 2026-02-20
   price $137,000 394-char remark

   Show marketing remark (394 chars)

   Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

4. 2026-01-08
   price $139,900 394-char remark

   Show marketing remark (394 chars)

   Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

5. 2025-12-16
   price $149,900 394-char remark

   Show marketing remark (394 chars)

   Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

6. 2025-12-03
   listed $159,900 Active 394-char remark

   Show marketing remark (394 chars)

   Detached one-level home located close to downtown York and all East City amenities. The property is currently tenant-occupied, with the tenant paying $1,200 per month. The landlord covers trash, while the tenant is responsible for all other utilities. This property is ideal for anyone looking to take over a solid, turnkey rental or for buyers seeking simple and convenient first-floor living.

7. 2017-06-29
   soldstatus $30,800 154-char remark

   Show marketing remark (154 chars)

   HUD Owned - Cozy single family home located on the East end of York City. offering wood floors, off street parking, shed, covered porch plus so much more.

8. 2017-06-02
   historical 154-char remark

   Show marketing remark (154 chars)

   HUD Owned - Cozy single family home located on the East end of York City. offering wood floors, off street parking, shed, covered porch plus so much more.

9. 2017-04-21
   listed $35,000 154-char remark

   Show marketing remark (154 chars)

   HUD Owned - Cozy single family home located on the East end of York City. offering wood floors, off street parking, shed, covered porch plus so much more.

10. 2009-03-04
    soldstatus $72,340
11. 2009-02-27
    soldstatus $72,340
12. 2009-01-13
    listed $69,900
13. 1998-09-01
    soldstatus $58,900
14. 1993-09-01
    soldstatus $52,500

ⓘ 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: $2,304 · $192/mo
• Projected year-2 tax: $2,304 · $192/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 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $13,962
• − Mortgage interest: −$7,556
• − Property taxes: −$2,304
• − Insurance: −$674
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − Depreciation: −$3,924
• Taxable loss: −$2,731
• Est. tax savings @ 24.0%: +$655
• After-tax cash flow: $218/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: 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

+157.0% since first listed

13 events — show timeline

• 2026-04-28 Price Changed $134,900 BRIGHT MLS
• 2026-02-20 Price Changed $137,000 BRIGHT MLS
• 2026-01-08 Price Changed $139,900 BRIGHT MLS
• 2025-12-16 Price Changed $149,900 BRIGHT MLS
• 2025-12-03 Listed $159,900 BRIGHT MLS
• 2017-06-29 Sold (MLS) $30,800 BRIGHT MLS
• 2017-06-02 Listing Removed — BRIGHT MLS
• 2017-04-21 Listed $35,000 BRIGHT MLS
• 2009-03-04 Sold (Public Records) $72,340 Public Records
• 2009-02-27 Sold (MLS) $72,340 BRIGHT MLS
• 2009-01-13 Listed $69,900 BRIGHT MLS
• 1998-09-01 Sold (Public Records) $58,900 Public Records
• 1993-09-01 Sold (Public Records) $52,500 Public Records

Property tax history

-2.3%/yr

Latest (2025): $2,304 · +0.9% YoY. Source: county tax records.