349 Third St · East Conemaugh, PA 15909

$45,000

3 bd · 1.5 ba · 2,064 sqft · SingleFamily · 17 Days on market

7,405 sqft lot Est $76k · 41% under ↓ 4% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.8/10.0
• Schools +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Spacious 2-story home ready for a handy new owner in East Conemaugh Boro! This vinyl-sided property on a corner lot features just above 2,000 square feet of living space between 2 floors, and a partially finished basement. An enclosed back porch and hardwood floors in multiple rooms await you inside. Outside you'll discover a large backyard with two concrete off-street parking spaces. Great fixer-upper home to live in or rent.

Key facts

• Large level lot
• Large bonus area
• Walk-up attic

Tags

• LARGE BONUS AREA
• WALK-UP ATTIC
• OFF-STREET PARKING
• LARGE LEVEL LOT

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer (sewer available)
• Home design: Single-family residence; Two levels / 2 stories
• Construction: Aluminum siding and frame construction; Shingle roof
• Exterior features: Patio; Porch; Corner lot; Rectangular lot; City street frontage; Publicly maintained road

Interior

• Kitchen: Eat-in kitchen
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Ceiling fan(s); No central heating
• Interior features: Eat-in kitchen; Entrance foyer; Full, unfinished basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $682 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#1,504 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+; Watch: schools F, amenities F, commute F.
• Conemaugh Valley SD (rural): math 30% / reading 56% proficiency, ranked #313 of 539 in PA (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 22 active listings in the ZIP; 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($311 loan paydown + $2k appreciation (3.6% local appreciation)).
• Cambria County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $10k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $45k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.

Recommended offer $44,325 (1.5% below list)

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.92% ✓
• Cap rate: 24.49%
• Cash-on-cash: 65.00%
• DSCR: 3.89
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $76,368
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
349 Third St	0.00mi	3/1.0	2,040 (-1%)	16mo	$15,000	$7	83
211 Main St	0.06mi	3/1.0	2,028 (-2%)	21mo	$75,000	$37	74
117 Main St	0.10mi	4/1.0 (+1)	1,976 (-4%)	11mo	$49,900	$25	72
320 Oak St	0.21mi	4/3.0 (+1)	1,824 (-12%)	19mo	$77,900	$43	44
949 William Penn Ave	0.69mi	3/2.0	2,260 (+10%)	21mo	$100,000	$44	32

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

Projected returns pro-forma

3.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 70.3%
• Equity multiple: 4.99×
• Total profit: $50,290
• Equity at exit: $21,676

10-year hold

• IRR: 69.4%
• Equity multiple: 10.25×
• Total profit: $116,541
• Equity at exit: $34,572

Cash invested: $12,600 (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 15909

• Home prices YoY: 2.4%
• Active inventory: 22
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,312 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$99 /mo · $1,191/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $682

Break-even live

Break-even rent $448

Max offer price $45,000

Occupancy floor 43%

Sensitivity live

Price	-10% $708	-5% $695	+0% $682	+5% $670	+10% $657
Rent	-10% $579	-5% $631	+0% $682	+5% $734	+10% $786
Rate	-1.0pp $705	-0.5pp $694	base $682	+0.5pp $671	+1.0pp $659

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-19
   days on market $45,000 Active 17 DOM
2. 2026-06-18
   days on market $45,000 Active 16 DOM
3. 2026-06-17
   days on market $45,000 Active 15 DOM
4. 2026-06-16
   days on market $45,000 Active 14 DOM
5. 2026-06-15
   days on market $45,000 Active 13 DOM
6. 2026-06-14
   days on market $45,000 Active 11 DOM
7. 2026-06-12
   days on market $45,000 Active 10 DOM
8. 2026-06-09
   days on market $45,000 Active 7 DOM
9. 2026-06-09
   price $45,000 Active 6 DOM
10. 2026-06-08
    days on market $55,000 Active 6 DOM
11. 2026-06-07
    days on market $55,000 Active 5 DOM
12. 2026-06-02
    remarks 699-char remark
13. 2026-06-02
    listed $55,000 Active 1 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: $1,191 · $99/mo
• Projected year-2 tax: $1,191 · $99/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥91°F today · 20 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: $15,744
• − Mortgage interest: −$2,521
• − Property taxes: −$1,191
• − Insurance: −$225
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$1,309
• Taxable income: $7,979
• Est. tax owed @ 24.0%: −$1,915
• After-tax cash flow: $6,275/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: Conemaugh Valley SD
• NCES district ID: 4206430
• Math proficiency: 30% ▼ -18.00%
• Reading proficiency: 56% ▼ -11.00%
• Median HH income: $42,523
• Composite: 36.16/100
• National rank: #4739
• State rank: #313 of 539 in PA

Livability — East Conemaugh

• Score: 60/100
• State rank: #1504
• US rank: #19510

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Conemaugh, PA
• Population (ZIP): 4,850

Population outlook (Cambria County) Hauer SSP2

• Today (2025): 122,754 people
• By 2030: 115,827 · -5.6%
• By 2040: 101,309 · -17.5%
• By 2050: 88,379 · -28.0%
• By 2075: 65,237 · -46.9%
• By 2100: 46,909 · -61.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 13% Polish 2% Slovak 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Cambria

• 2024 margin: Solid R (+39.7) · D 29.8% · R 69.5%
• 2008→2024 swing: -40.4pp toward R · 2008: 0.7pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.3 2016: R+37.8 2012: R+17.8 2008: D+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.56%
• Current HPI: 150.8221
• 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

-4.3% since first listed

9 events — show timeline

• 2026-06-02 Listed $55,000 CSMLS
• 2026-03-23 Listed $29,900 CSMLS
• 2025-03-03 Sold (MLS) $15,000 CSMLS
• 2024-12-02 Pending — CSMLS
• 2024-11-20 Price Changed $24,900 CSMLS
• 2024-11-07 Listed $29,900 CSMLS
• 2008-02-22 Sold (MLS) $53,500 CSMLS
• 2008-02-16 Sold (Public Records) $53,500 Public Records
• 2007-12-06 Listed $57,500 CSMLS

Property tax history

+0.3%/yr

Latest (2026): $1,191 · +0.0% YoY. Source: county tax records.