5602 Turner St · Bristol, PA 19007

$289,000

3 bd · 1.0 ba · 1,376 sqft · SingleFamily public records · 7 Days on market

Built 1942 6,431 sqft lot $210/sqft · 11% below area Est $326k · 11% 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 +12.6/15.0
• Cash flow +11.3/30.0
• Livability +3.7/5.0
• DSCR +3.3/10.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Corporate owned property being sold in as is condition only. Proof of funds and pre-approval are required with all offers. No letters of intent or faxed agreements please. Buyer is responsible for cost to dewinterize and rewinterize for inspections, and all U & O requirements.

Key facts

• Fenced rear yard
• 6,431 sq ft lot
• 3 garage spots

Tags

• LARGE DETACHED CAR GARAGE
• PRIVATE FRONT AND REAR YARDS
• FENCED REAR YARD

Property features AI

Exterior

• Parking: Detached garage with front entry (oversized), 3 garage spaces; Two driveway spaces; Additional off-street and on-street parking (total 5 parking spaces)
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Detached single-family home; Architectural shingle roof
• Construction: Frame construction; Block foundation; Built year per assessor
• Exterior features: Not in a federal flood zone; Lot dimensions approximately 59 x 109

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Full basement, partially finished; One fireplace
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $289k.

Deal economics

• At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $270k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (21.1% below list).
• Recommended offer: $228k (21.1% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.4% in Bristol — 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 73/100 on livability (#546 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: commute C-, amenities F, health & safety F.
• Bristol Township SD (suburban): math 16% / reading 30% proficiency, ranked #471 of 539 in PA (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 133 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 663 units permitted in Bucks County in 2024 (106 in 5+ unit buildings).
• This rent runs 42% of the median local income ($66k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Bucks County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 19y 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 $167k; list at $289k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $228,012 (21.1% 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 1942 — 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. 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?
5. 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.
6. 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.
7. 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: 0.79% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.58%
• DSCR: 0.93
• GRM: 10.6

CMA / ARV

• ARV (median comp): $326,316
• List price: $289,000
• Delta: -11.44%
• 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
5800 Beaver Dam Rd	0.15mi	3/1.0	1,370 (-0%)	22mo	$325,000	$237	74
9 Green Ln	0.31mi	3/1.5	1,354 (-2%)	18mo	$285,000	$210	66
10 Green Ln	0.30mi	3/1.5	1,218 (-12%)	0mo	$262,000	$215	65
1301 Hardy St	0.48mi	4/1.0 (+1)	1,359 (-1%)	13mo	$320,000	$235	60
1509 Venice Ave	0.38mi	3/1.5	1,250 (-9%)	8mo	$165,000	$132	58
1210 Pacific Ave	0.34mi	4/2.0 (+1)	1,348 (-2%)	16mo	$325,000	$241	58
5624 Fleetwing Dr	0.51mi	3/1.5	1,425 (+4%)	13mo	$298,900	$210	58
1228 Pacific Ave	0.28mi	4/3.0 (+1)	1,264 (-8%)	4mo	$391,000	$309	57
1210 Marie Lowe Dr	0.21mi	4/2.0 (+1)	1,275 (-7%)	19mo	$385,000	$302	53
55 Ash Ave	0.73mi	4/2.0 (+1)	1,401 (+2%)	22mo	$380,000	$271	36
1020 Beaver St	0.73mi	3/1.5	1,280 (-7%)	22mo	$475,000	$371	34

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: -18.9%
• Equity multiple: 0.34×
• Total profit: $-53,644
• Equity at exit: $43,091

10-year hold

• IRR: -11.5%
• Equity multiple: 0.31×
• Total profit: $-55,543
• Equity at exit: $24,987

Cash invested: $80,920 (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 19007

• Active inventory: 133
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,280 high
• Mortgage (P&I): −$1,516
• Tax from tax record: −$272 /mo · $3,264/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $-107

Break-even live

Break-even rent $2,415

Max offer price $270,157

Occupancy floor 100%

Sensitivity live

Price	-10% $57	-5% $-25	+0% $-107	+5% $-188	+10% $-270
Rent	-10% $-287	-5% $-197	+0% $-107	+5% $-17	+10% $73
Rate	-1.0pp $39	-0.5pp $-33	base $-107	+0.5pp $-182	+1.0pp $-258

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: $72,250
• Closing costs: $8,670
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1416 Ashby Ave Bristol, PA	3.0	1.0	1050	$2,300	$2.19	2d	1	0.31mi
5634 Mitchell Rd Levittown, PA	2.0	1.0	960	$2,150	$2.24	19d	1	0.66mi
269 Monroe St Bristol, PA	2.0	1.0	900	$2,600	$2.89	2d	1	0.87mi
13 Michele Ct Levittown, PA	2.0	1.5	1250	$2,250	$1.80	18d	1	1.22mi
13 Michele Ct Unit 118 Levittown, PA	2.0	1.5	1500	$2,200	$1.47	10d	1	1.22mi
7200 Marion Ave Levittown, PA	1.0–2.0	1.0	832	$1,695	$2.04	3d	6	1.34mi
3401 Bristol Oxford Valley Rd Levittown, PA	1.0–2.0	1.0	800	$1,675	$2.09	2d	1	1.36mi
7406 Bristol Pike Unit 3 Levittown, PA	2.0	2.0	1200	$2,150	$1.79	25d	1	1.36mi
7406 Bristol Pike Unit 6 Levittown, PA	2.0	2.0	1125	$2,225	$1.98	24d	1	1.36mi
234 Franklin St Unit 1st Floor Bristol, PA	3.0	1.0	1000	$2,000	$2.00	6d	1	1.37mi

Listing history 8 events

1. 2026-05-14
   status Pending 1144-char remark
2. 2026-05-07
   listed $289,000 Active 1144-char remark
3. 2009-10-16
   soldstatus $167,000
4. 2009-09-11
   historical
5. 2009-02-11
   listed $184,000
6. 2007-10-30
   soldstatus $80,000

   Show marketing remark (281 chars)

   Corporate owned property being sold in as is condition only. Proof of funds and pre-approval are required with all offers. No letters of intent or faxed agreements please. Buyer is responsible for cost to dewinterize and rewinterize for inspections, and all U & O requirements.

7. 2007-10-05
   historical

   Show marketing remark (281 chars)

   Corporate owned property being sold in as is condition only. Proof of funds and pre-approval are required with all offers. No letters of intent or faxed agreements please. Buyer is responsible for cost to dewinterize and rewinterize for inspections, and all U & O requirements.

8. 2007-03-19
   listed $80,000

   Show marketing remark (281 chars)

   Corporate owned property being sold in as is condition only. Proof of funds and pre-approval are required with all offers. No letters of intent or faxed agreements please. Buyer is responsible for cost to dewinterize and rewinterize for inspections, and all U & O requirements.

ⓘ 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: $3,264 · $272/mo
• Projected year-2 tax: $3,915 · $326/mo
• Expected delta: +$651/yr (+$54/mo · 19.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,361
• − Mortgage interest: −$16,188
• − Property taxes: −$3,264
• − Insurance: −$1,445
• − Repairs & maintenance: −$2,189
• − Management: −$2,189
• − Depreciation: −$8,407
• Taxable loss: −$6,321
• Est. tax savings @ 24.0%: +$1,517
• After-tax cash flow: $237/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: Bristol Township SD
• NCES district ID: 4204230
• Math proficiency: 16% ▼ -12.00%
• Reading proficiency: 30% ▼ -21.00%
• Median HH income: $57,219
• Composite: 21.04/100
• National rank: #8451
• State rank: #471 of 539 in PA

Livability — Bristol

• Score: 73/100
• State rank: #546
• US rank: #5093

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bucks County · 506,477 people
• City population: 21,800
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 21,800
• Household income: $65,511
• Rent vs Own: 42.6% rent · 57.4% own
• Severe rent burden: 808.0

Population outlook (Bucks County) Hauer SSP2

• Today (2025): 630,973 people
• By 2030: 627,093 · -0.6%
• By 2040: 609,680 · -3.4%
• By 2050: 584,225 · -7.4%
• By 2075: 539,840 · -14.4%
• By 2100: 483,970 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Hispanic / Latino 14% Black 14% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 7% Dominican 2%
• Common ancestry: Romanian 6% Swiss 1% Subsaharan African 1%
• Foreign-born: 12% · Canada, South Korea
• Languages at home: 84% English-only · Spanish 10% Other Indo-European 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Bucks

• 2024 margin: Toss-up / Even · D 49.5% · R 49.5%
• 2008→2024 swing: -8.7pp toward R · 2008: 8.7pp · 2024: -0.1pp
• All cycles: 2024: R+0.1 2020: D+4.4 2016: D+0.6 2012: D+1.2 2008: D+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.79%
• Current HPI: 307.0709
• Rent YoY: —
• 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

+261.2% since first listed

8 events — show timeline

• 2026-05-14 Pending — BRIGHT MLS
• 2026-05-07 Listed $289,000 BRIGHT MLS
• 2009-10-16 Sold (Public Records) $167,000 Public Records
• 2009-09-11 Listing Removed — BRIGHT MLS
• 2009-02-11 Listed $184,000 BRIGHT MLS
• 2007-10-30 Sold (MLS) $80,000 BRIGHT MLS
• 2007-10-05 Listing Removed — BRIGHT MLS
• 2007-03-19 Listed $80,000 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2026): $3,264 · +3.2% YoY. Source: county tax records.