426 North Fork Rd · Jerome, PA 15905

$170,000

4 bd · 2.5 ba · 4,545 sqft · SingleFamily · 17 Days on market

Built 1950 Good condition 2.01 ac lot

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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).

• Cash flow +13.6/30.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• DSCR +4.1/10.0
• 1% rule +3.8/10.0
• Condition / age +3.8/5.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

If you've been searching for a unique property in the Conemaugh Township School District and have the vision to bring it to life, this is an opportunity you won't want to miss. Situated on 2 acres near the North Fork Dam, this former church offers solid brick construction, a durable metal roof, and unlimited potential. The main level features over 2,000 square feet of open space with soaring cathedral ceilings, providing the perfect canvas for a variety of uses. The lower level includes multiple rooms that could serve as bedrooms, offices, recreation areas, hobby rooms, or additional living space. Adding even more value is a separate 1,800-square-foot finished block building complete with a

Key facts

• Durable metal roof
• Cathedral ceilings
• 2 acres

Tags

• 2 ACRES
• SOLID BRICK CONSTRUCTION
• DURABLE METAL ROOF
• CATHEDRAL CEILINGS
• FINISHED BLOCK BUILDING
• LARGE GATHERING ROOM

Property features AI

Finance

• Other: Lot size approximately 2.014 acres; Zoning: Unverified

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer / sewer available
• Home design: Single family residential property; One level / one story; Below-grade finished area present
• Construction: Brick and block construction; Metal and shingle roof; Built/finished below grade area
• Exterior features: Rectangular lot

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Bedrooms present (details not provided)
• Flooring: Carpet; Vinyl
• Bathrooms: Five half bathrooms
• Heating & cooling: Baseboard heating; Hot water heating; Electric heating; Oil heating; Ceiling fan cooling
• Interior features: Carpet and vinyl flooring; Finished full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $170k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $10 ($116/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 $150k (11.8% below list).
• Recommended offer: $150k (11.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#1,557 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: amenities F, commute F, employment D-.
• Conemaugh Township Area SD (rural): math 59% / reading 75% proficiency, ranked #45 of 539 in PA (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Conemaugh Twp Area El Sch (math 77% / reading 77%, grade A, #69 of 1,518 statewide, top 5%, 389 students, 49% FRL); Conemaugh Twp Area Ms/Shs (math 48% / reading 72%, grade C+, #78 of 437 statewide, top 18%, 493 students, 34% FRL).
• Market conditions: 93 active listings in the ZIP; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($167k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $149,940 (11.8% 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. 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: 0.88% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.9%
• Equity multiple: 0.43×
• Total profit: $-26,907
• Equity at exit: $25,348

10-year hold

• IRR: -7.5%
• Equity multiple: 0.53×
• Total profit: $-22,543
• Equity at exit: $14,698

Cash invested: $47,600 (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 15905

• Home prices YoY: -31.1%
• Active inventory: 93
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,499 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $10

Break-even live

Break-even rent $1,487

Max offer price $170,000

Occupancy floor 94%

Sensitivity live

Price	-10% $127	-5% $68	+0% $10	+5% $-49	+10% $-108
Rent	-10% $-109	-5% $-50	+0% $10	+5% $69	+10% $128
Rate	-1.0pp $95	-0.5pp $53	base $10	+0.5pp $-34	+1.0pp $-79

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-22
   days on market $170,000 Active 17 DOM
2. 2026-06-19
   days on market $170,000 Active 14 DOM
3. 2026-06-18
   days on market $170,000 Active 13 DOM
4. 2026-06-17
   days on market $170,000 Active 12 DOM
5. 2026-06-16
   days on market $170,000 Active 11 DOM
6. 2026-06-15
   days on market $170,000 Active 10 DOM
7. 2026-06-14
   days on market $170,000 Active 8 DOM
8. 2026-06-12
   days on market $170,000 Active 7 DOM
9. 2026-06-09
   days on market $170,000 Active 4 DOM
10. 2026-06-08
    days on market $170,000 Active 3 DOM
11. 2026-06-07
    remarks 699-char remark
12. 2026-06-07
    listed $170,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 8 d/yr ≥92°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,993
• − Mortgage interest: −$9,523
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$1,439
• − Management: −$1,439
• − Depreciation: −$4,945
• Taxable loss: −$2,754
• Est. tax savings @ 24.0%: +$661
• After-tax cash flow: $777/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This former church property offers a good condition with solid brick construction and a durable metal roof. The interior is well-maintained with clean carpets and functional HVAC units. The property is ready for cosmetic updates to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and property value.
• Both Clean carpets — Improves interior appearance and comfort for potential buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and property value. ↑
• Both Clean carpets — Improves interior appearance and comfort for potential buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Conemaugh Township Area SD
• NCES district ID: 4206420
• Math proficiency: 59% ▼ -10.00%
• Reading proficiency: 75% ▼ -4.00%
• Median HH income: $47,140
• Composite: 56.55/100
• National rank: #1150
• State rank: #45 of 539 in PA

Livability — Jerome

• Score: 58/100
• State rank: #1557
• US rank: #20647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cambria County · 30,791 people
• City population: 601
• Metro: Johnstown, PA
• Population (ZIP): 19,329
• Household income: $69,212
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 359.0

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Hispanic / Latino 2% Black 2%
• Common ancestry: Romanian 7% Scotch-Irish 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 1%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.18%
• Current HPI: 142.5218
• Rent YoY: —
• Metro: Johnstown, 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

1 event — show timeline

• 2026-06-05 Listed $170,000 CSMLS