19 W Terrace Ave · New Castle, PA 16102

$54,900

2 bd · 1.0 ba · 1,540 sqft · SingleFamily public records · 73 Days on market

Built 1935 6,011 sqft lot $36/sqft · 21% above area Est $45k · 21% over

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is an investor/DIYER dream come true. Come check out this home with amazing potential. * * * Property Cannot Be Entered * * * * * * Purchase must be site unseen * * *

Key facts

• 6,011 sq ft lot
• Built 1935
• Listed 72 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $743 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $52k (6.0% below list) — sets the bar for market timing.
• Cap rate 22.5% vs local median 8.7% in New Castle — 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 82/100 on livability (#137 in PA, #1,120 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• New Castle Area SD (town): math 9% / reading 19% proficiency, ranked #519 of 539 in PA (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 17 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 51 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lawrence County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y 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 $20k; list at $55k implies a 174% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,606 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.64% ✓
• Cap rate: 22.54%
• Cash-on-cash: 58.02%
• DSCR: 3.58
• GRM: 3.2

CMA / ARV

• ARV (median comp): $45,498
• List price: $54,900
• Delta: 20.66%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1902 Hamilton St	0.38mi	3/1.5 (+1)	1,428 (-7%)	4mo	$33,000	$23	60
517 Electric St	0.51mi	3/1.0 (+1)	1,404 (-9%)	1mo	$44,000	$31	55
1135 N Liberty St	0.74mi	3/1.5 (+1)	1,504 (-2%)	1mo	$135,000	$90	54
503 E Lutton St	0.70mi	3/1.5 (+1)	1,492 (-3%)	6mo	$66,000	$44	50
141 Kasevic Ln	0.39mi	3/1.0 (+1)	1,318 (-14%)	6mo	$100,000	$76	48
1016 Agnew St	0.51mi	3/1.5 (+1)	1,404 (-9%)	9mo	$40,000	$28	46
113 Hillside Way	0.70mi	3/1.0 (+1)	1,434 (-7%)	7mo	$30,000	$21	45
1910 Hamilton St	0.39mi	3/1.0 (+1)	1,320 (-14%)	9mo	$64,000	$48	45
2211 Gilmore St	0.61mi	2/2.0	1,704 (+11%)	8mo	$148,000	$87	44
421 E Lutton St	0.67mi	3/1.5 (+1)	1,380 (-10%)	6mo	$66,000	$48	40
1203 Cunningham Ave	0.67mi	3/1.0 (+1)	1,328 (-14%)	3mo	$25,000	$19	38
622 E Reynolds St	0.74mi	3/1.0 (+1)	1,352 (-12%)	6mo	$65,000	$48	35

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: 56.6%
• Equity multiple: 3.50×
• Total profit: $38,477
• Equity at exit: $8,186

10-year hold

• IRR: 61.5%
• Equity multiple: 7.15×
• Total profit: $94,605
• Equity at exit: $4,747

Cash invested: $15,372 (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 16102

• Home prices YoY: -9.6%
• Active inventory: 17
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,450 high
• Mortgage (P&I): −$288
• Tax from tax record: −$92 /mo · $1,101/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $743

Break-even live

Break-even rent $509

Max offer price $54,900

Occupancy floor 44%

Sensitivity live

Price	-10% $774	-5% $759	+0% $743	+5% $728	+10% $712
Rent	-10% $629	-5% $686	+0% $743	+5% $801	+10% $858
Rate	-1.0pp $771	-0.5pp $757	base $743	+0.5pp $729	+1.0pp $715

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 S Jefferson St New Castle, PA	3.0	1.0	1500	$1,500	$1.00	44d	1	0.09mi
1708 Moravia St New Castle, PA	3.0	2.0	1500	$1,500	$1.00	44d	1	0.18mi
503 Galbreath St New Castle, PA	2.0	1.0	1228	$1,295	$1.05	44d	1	0.46mi
712 E Reynolds St New Castle, PA	3.0	1.0	1182	$975	$0.82	44d	1	0.81mi
1510 Huron Ave New Castle, PA	3.0	1.0	1560	$1,475	$0.95	44d	1	1.16mi
932 Morton St New Castle, PA	3.0	1.0	1440	$1,375	$0.95	44d	1	1.22mi

Listing history 35 events

1. 2026-06-19
   days on market $54,900 Active 73 DOM
2. 2026-06-18
   days on market $54,900 Active 72 DOM
3. 2026-06-17
   days on market $54,900 Active 71 DOM
4. 2026-06-16
   days on market $54,900 Active 70 DOM
5. 2026-06-15
   days on market $54,900 Active 69 DOM
6. 2026-06-14
   days on market $54,900 Active 67 DOM
7. 2026-06-12
   days on market $54,900 Active 66 DOM
8. 2026-06-09
   days on market $54,900 Active 63 DOM
9. 2026-06-08
   days on market $54,900 Active 62 DOM
10. 2026-06-07
    days on market $54,900 Active 61 DOM
11. 2026-06-03
    days on market $54,900 Active 57 DOM
12. 2026-06-02
    days on market $54,900 Active 56 DOM
13. 2026-06-01
    days on market $54,900 Active 55 DOM
14. 2026-05-31
    days on market $54,900 Active 54 DOM
15. 2026-05-30
    days on market $54,900 Active 53 DOM
16. 2026-04-07
    listed $54,900 Active 184-char remark

    Show marketing remark (184 chars)

    This is an investor/DIYER dream come true. Come check out this home with amazing potential. * * * Property Cannot Be Entered * * * * * * Purchase must be site unseen * * *

17. 2026-03-21
    historical Expired 146-char remark

    Show marketing remark (146 chars)

    This 3 bed 1 bath is a diamond in the rough. With some work this home has a lot of potential to be your home, next fix and flip, or latest rental.

18. 2025-03-21
    listed $54,900 Active 146-char remark

    Show marketing remark (146 chars)

    This 3 bed 1 bath is a diamond in the rough. With some work this home has a lot of potential to be your home, next fix and flip, or latest rental.

19. 2025-03-04
    historical Expired
20. 2024-10-28
    status Active
21. 2024-03-11
    historical Contingent
22. 2024-03-05
    listed $69,900 Active
23. 2022-10-05
    soldstatus $20,000 Closed
24. 2022-10-03
    status Pending
25. 2022-07-29
    historical Contingent
26. 2022-07-28
    listed $25,000 Active
27. 2017-11-09
    soldstatus $7,500 Sold
28. 2017-09-25
    historical Contingent
29. 2017-08-10
    price $7,900
30. 2017-06-21
    listed $13,900 Active
31. 2016-06-08
    historical Expired
32. 2015-11-24
    price $13,900
33. 2015-08-26
    price $14,900
34. 2015-06-09
    listed $17,900 Active
35. 2004-02-04
    soldstatus $37,100

ⓘ 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: $1,101 · $92/mo
• Projected year-2 tax: $1,101 · $92/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 3/10 Moderate 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,403
• − Mortgage interest: −$3,075
• − Property taxes: −$1,101
• − Insurance: −$274
• − Repairs & maintenance: −$1,392
• − Management: −$1,392
• − Depreciation: −$1,597
• Taxable income: $8,571
• Est. tax owed @ 24.0%: −$2,057
• After-tax cash flow: $6,862/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: New Castle Area SD
• NCES district ID: 4216620
• Math proficiency: 9% ▼ -13.00%
• Reading proficiency: 19% ▼ -23.00%
• Median HH income: $30,967
• Composite: 11.08/100
• National rank: #9736
• State rank: #519 of 539 in PA

Livability — New Castle

• Score: 82/100
• State rank: #137
• US rank: #1120

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Castle, PA
• City population: 30,767
• Population (ZIP): 4,933

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 81,781 people
• By 2030: 77,978 · -4.7%
• By 2040: 69,522 · -15.0%
• By 2050: 61,344 · -25.0%
• By 2075: 45,027 · -44.9%
• By 2100: 31,305 · -61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Black 2%
• Common ancestry: Romanian 11% Serbian 3% Slovak 2%
• Foreign-born: 0%
• Languages at home: 98% English-only · German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+33.8) · D 32.8% · R 66.5%
• 2008→2024 swing: -28.7pp toward R · 2008: -5.1pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+29.6 2016: R+28.1 2012: R+9.0 2008: R+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.16%
• Current HPI: 153.0061
• 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

+48.0% since first listed

20 events — show timeline

• 2026-04-07 Listed $54,900 West Penn MLS
• 2026-03-21 Delisted — West Penn MLS
• 2025-03-21 Listed $54,900 West Penn MLS
• 2025-03-04 Delisted — West Penn MLS
• 2024-10-28 Relisted — West Penn MLS
• 2024-03-11 Contingent — West Penn MLS
• 2024-03-05 Listed $69,900 West Penn MLS
• 2022-10-05 Sold (MLS) $20,000 West Penn MLS
• 2022-10-03 Pending — West Penn MLS
• 2022-07-29 Contingent — West Penn MLS
• 2022-07-28 Listed $25,000 West Penn MLS
• 2017-11-09 Sold (MLS) $7,500 West Penn MLS
• 2017-09-25 Contingent — West Penn MLS
• 2017-08-10 Price Changed $7,900 West Penn MLS
• 2017-06-21 Listed $13,900 West Penn MLS
• 2016-06-08 Delisted — West Penn MLS
• 2015-11-24 Price Changed $13,900 West Penn MLS
• 2015-08-26 Price Changed $14,900 West Penn MLS
• 2015-06-09 Listed $17,900 West Penn MLS
• 2004-02-04 Sold (Public Records) $37,100 Public Records

Property tax history

+1.0%/yr

Latest (2025): $1,101 · -0.5% YoY. Source: county tax records.