1114 Springbrook Ave · Moosic, PA 18507

$255,000

5 bd · 2.0 ba · 2,164 sqft · MultiFamily · 98 Days on market

Built 1991 0.25 ac lot $118/sqft · 27% below area Est $347k · 27% 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 +15.0/15.0
• Cash flow +7.2/30.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.4/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Unique opportunity with exceptional flexibility in Moosic! This well-maintained bi-level home offers the rare option to easily convert back to single-family living or continue to utilize the current layout as an owner-occupied income property. Live comfortably on one level while generating income from the other, offer a private in-law suite for extended family, or reimagine the entire space as one beautifully connected home. As is it currently being used, each level offers comfortable living areas, bedrooms, and private access. Whether you're dreaming of extra space, smart investing, or multi-generational living, this home gives you the freedom to choose what best suits your needs.

Key facts

• Private in-law suite
• Private access
• 0.25 acre lot

Tags

• OWNER-OCCUPIED INCOME PROPERTY
• PRIVATE IN-LAW SUITE
• PRIVATE ACCESS

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath multifamily listed at $255k.

Deal economics

• At list price, monthly cash flow is $-351 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (19.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (30.0% below list).
• Recommended offer: $179k (30.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#874 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools C-, crime D+, amenities F.
• Riverside SD (suburban): math 30% / reading 53% proficiency, ranked #340 of 539 in PA (top 63%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 40 active listings in the ZIP; 251 units permitted in Lackawanna County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lackawanna County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $150k; list at $255k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,605 (30.0% 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 98 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
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. Crime grade is D 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?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.70% ✗
• Cap rate: 4.64%
• Cash-on-cash: -5.90%
• DSCR: 0.74
• GRM: 11.9

CMA / ARV

• ARV (median comp): $347,273
• List price: $255,000
• Delta: -26.57%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -26.4%
• Equity multiple: 0.11×
• Total profit: $-63,666
• Equity at exit: $38,021

10-year hold

• IRR: -23.5%
• Equity multiple: -0.18×
• Total profit: $-84,138
• Equity at exit: $22,048

Cash invested: $71,400 (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 18507

• Home prices YoY: -10.9%
• Active inventory: 40
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,786 medium
• Mortgage (P&I): −$1,337
• Tax est. 1.5%: −$319 /mo · $3,825/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-351

Break-even live

Break-even rent $2,231

Max offer price $204,171

Occupancy floor —

Sensitivity live

Price	-10% $-175	-5% $-263	+0% $-351	+5% $-439	+10% $-527
Rent	-10% $-492	-5% $-422	+0% $-351	+5% $-281	+10% $-210
Rate	-1.0pp $-223	-0.5pp $-286	base $-351	+0.5pp $-417	+1.0pp $-485

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-04-29
   price $255,000 691-char remark

   Show marketing remark (691 chars)

   Unique opportunity with exceptional flexibility in Moosic! This well-maintained bi-level home offers the rare option to easily convert back to single-family living or continue to utilize the current layout as an owner-occupied income property. Live comfortably on one level while generating income from the other, offer a private in-law suite for extended family, or reimagine the entire space as one beautifully connected home. As is it currently being used, each level offers comfortable living areas, bedrooms, and private access. Whether you're dreaming of extra space, smart investing, or multi-generational living, this home gives you the freedom to choose what best suits your needs.

2. 2026-04-02
   price $269,900 691-char remark

   Show marketing remark (691 chars)

   Unique opportunity with exceptional flexibility in Moosic! This well-maintained bi-level home offers the rare option to easily convert back to single-family living or continue to utilize the current layout as an owner-occupied income property. Live comfortably on one level while generating income from the other, offer a private in-law suite for extended family, or reimagine the entire space as one beautifully connected home. As is it currently being used, each level offers comfortable living areas, bedrooms, and private access. Whether you're dreaming of extra space, smart investing, or multi-generational living, this home gives you the freedom to choose what best suits your needs.

3. 2026-02-13
   listed $289,000 Active 691-char remark

   Show marketing remark (691 chars)

   Unique opportunity with exceptional flexibility in Moosic! This well-maintained bi-level home offers the rare option to easily convert back to single-family living or continue to utilize the current layout as an owner-occupied income property. Live comfortably on one level while generating income from the other, offer a private in-law suite for extended family, or reimagine the entire space as one beautifully connected home. As is it currently being used, each level offers comfortable living areas, bedrooms, and private access. Whether you're dreaming of extra space, smart investing, or multi-generational living, this home gives you the freedom to choose what best suits your needs.

4. 1998-09-22
   soldstatus $150,000 396-char remark

   Show marketing remark (396 chars)

   VERY MODERN 5 UNIT. LARGE OAK KITCHENS, CENTRAL AIR, , MORE THAN AMPLE PARKING, NEVER A PROBLEM RENTING BECAUSE THEY, (SELLERS) SHOULD BE ASKING FOR HIGHER RENTS. NICEST MULTI-, UNIT ON THE MARKET. 5 APPOINTMENTS SO PLEASE GIVE ME SOME, TIME. LEASES 'TILL NOVEMBER/DECEMBER. LOT READS 'RADIUS OF, 1392.60', AN ARC OF 80' AND A CHORD OF 79.99' X 84.30'X80'X, .. . (see supplement for full remarks)

5. 1998-09-09
   soldstatus $150,000

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥93°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,433
• − Mortgage interest: −$14,284
• − Property taxes: −$3,825
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,715
• − Management: −$1,715
• − Depreciation: −$7,418
• Taxable loss: −$8,799
• Est. tax savings @ 24.0%: +$2,112
• After-tax cash flow: $-2,104/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: Riverside SD
• NCES district ID: 4223250
• Math proficiency: 30% ▼ -7.00%
• Reading proficiency: 53% ▼ -7.00%
• Median HH income: $44,118
• Composite: 35.09/100
• National rank: #5022
• State rank: #340 of 539 in PA

Livability — Moosic

• Score: 68/100
• State rank: #874
• US rank: #9233

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moosic, PA
• City population: 5,403
• Population (ZIP): 5,403

Population outlook (Lackawanna County) Hauer SSP2

• Today (2025): 210,652 people
• By 2030: 208,623 · -1.0%
• By 2040: 203,980 · -3.2%
• By 2050: 201,069 · -4.5%
• By 2075: 205,026 · -2.7%
• By 2100: 210,851 · +0.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 7% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 24% Scotch-Irish 6% Polish 1%
• Foreign-born: 6% · Canada, China, South Korea
• Languages at home: 95% English-only · Spanish 3% Chinese 1% Other Asian/Pacific 1%

Political lean MEDSL · Lackawanna

• 2024 margin: Toss-up / Even · D 51.0% · R 48.3%
• 2008→2024 swing: -23.2pp toward R · 2008: 26.0pp · 2024: 2.8pp
• All cycles: 2024: D+2.8 2020: D+8.4 2016: D+3.4 2012: D+27.4 2008: D+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -22.40%
• Current HPI: 182.678
• 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

+70.0% since first listed

5 events — show timeline

• 2026-04-29 Price Changed $255,000 GSBR as distributed by MLS GRID
• 2026-04-02 Price Changed $269,900 GSBR as distributed by MLS GRID
• 2026-02-13 Listed $289,000 GSBR as distributed by MLS GRID
• 1998-09-22 Sold (MLS) $150,000 GSBR as distributed by MLS GRID
• 1998-09-09 Sold (Public Records) $150,000 Public Records

Property tax history

+32.0%/yr

Latest (2026): $74,865 · +1599.4% YoY. Source: county tax records.