12148 Harvard Dr · Penn Hills, PA 15235

$130,900

4 bd · 1.5 ba · 1,176 sqft · SingleFamily public records · 103 Days on market

Built 1942 7,670 sqft lot $111/sqft · 24% below area Est $173k · 24% under

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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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +7.2/10.0
• Rent growth +4.4/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

Key facts

• Private backyard
• Natural light
• Practical kitchen

Tags

• PRIVATE BACKYARD
• FUNCTIONAL LAYOUT
• PRACTICAL KITCHEN
• NATURAL LIGHT
• POTENTIAL FOR STORAGE

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $131k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $131k).
• Recommended offer: $119k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Penn Hills SD (suburban): math 13% / reading 24% proficiency, ranked #496 of 539 in PA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+7.6%/yr); 129 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $905 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 7.6% rent growth), your $37k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $119,119 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.22% ✓
• Cap rate: 8.41%
• Cash-on-cash: 7.57%
• DSCR: 1.34
• GRM: 6.8

CMA / ARV

• ARV (median comp): $173,178
• List price: $130,900
• Delta: -24.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
308 Parkridge Dr	0.13mi	3/1.5 (-1)	1,125 (-4%)	6mo	$180,000	$160	76
365 Stotler Rd	0.49mi	3/1.5 (-1)	1,196 (+2%)	4mo	$190,000	$159	66
430 Parkridge Dr	0.15mi	3/1.0 (-1)	1,276 (+8%)	7mo	$139,175	$109	66
252 Shenandoah Dr	0.39mi	3/2.0 (-1)	1,288 (+10%)	4mo	$225,000	$175	56
117 Clay Dr	0.72mi	3/2.0 (-1)	1,163 (-1%)	2mo	$194,000	$167	56
107 Yosemite Dr	0.38mi	3/2.0 (-1)	1,324 (+13%)	2mo	$228,000	$172	53
333 Stotler Rd	0.41mi	3/1.0 (-1)	1,026 (-13%)	3mo	$201,000	$196	50
356 Stotler Rd	0.49mi	3/1.0 (-1)	1,306 (+11%)	5mo	$139,000	$106	48
393 Collins Dr	0.62mi	3/3.0 (-1)	1,238 (+5%)	5mo	$182,000	$147	47
126 Yosemite Dr	0.42mi	3/2.0 (-1)	1,000 (-15%)	4mo	$248,000	$248	45
11283 Azalea Dr	0.72mi	3/1.0 (-1)	1,088 (-8%)	2mo	$205,000	$188	45
369 Stotler Rd	0.49mi	3/1.0 (-1)	1,026 (-13%)	7mo	$135,000	$132	43

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 · 7.63% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,415
• Equity at exit: $19,518

10-year hold

• IRR: 15.2%
• Equity multiple: 2.52×
• Total profit: $55,826
• Equity at exit: $11,318

Cash invested: $36,652 (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 15235

• Home prices YoY: -34.1%
• Rents YoY: 7.6%
• Active inventory: 129
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,599 high
• Mortgage (P&I): −$686
• Tax from tax record: −$291 /mo · $3,494/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $231

Break-even live

Break-even rent $1,307

Max offer price $130,900

Occupancy floor 81%

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: $32,725
• Closing costs: $3,927
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
261 Universal Rd Unit 261UNIV Pittsburgh, PA	3.0	1.0	1100	$1,225	$1.11	2d	1	0.34mi
154 Collins Dr Pittsburgh, PA	3.0	1.0	986	$1,295	$1.31	1d	1	0.50mi
98 Stotler Rd Penn Hills, PA	2.0–3.0	1.0	1660	$1,400	$0.84	7d	3	0.58mi
127 Stowe Dr Pittsburgh, PA	3.0	1.0	948	$1,495	$1.58	21d	1	0.74mi
717 Jefferson Rd Pittsburgh, PA	3.0	1.0	1152	$1,295	$1.12	14d	1	0.82mi
175 Charleston Dr Pittsburgh, PA	3.0	2.0	1163	$1,799	$1.55	23d	1	0.87mi
753 Jefferson Rd Pittsburgh, PA	4.0	1.0	1152	$1,350	$1.17	4d	1	0.91mi
279 Hazel Rd Pittsburgh, PA	3.0	1.0	1080	$1,732	$1.60	43d	1	0.91mi
11843 Joan Dr Pittsburgh, PA	3.0	1.0	1144	$1,500	$1.31	4d	1	1.04mi
131 Jacob Dr Pittsburgh, PA	3.0	1.0	1144	$2,300	$2.01	1d	1	1.16mi
124 Dauntless Dr Pittsburgh, PA	3.0	1.0	1100	$1,395	$1.27	23d	1	1.17mi
213 Tilford Rd Pittsburgh, PA	4.0	1.5	1000	$1,640	$1.64	43d	1	1.32mi
6184 Poketa Rd Verona, PA	3.0	2.0	1325	$1,750	$1.32	2d	1	1.36mi
1526 Edwards St Verona, PA	3.0	1.0	1296	$1,730	$1.33	43d	1	1.45mi

Listing history 20 events

1. 2026-06-17
   status $130,900 Pending 103 DOM
2. 2026-06-17
   days on market $130,900 Active 103 DOM
3. 2026-06-16
   days on market $130,900 Active 102 DOM
4. 2026-06-15
   days on market $130,900 Active 101 DOM
5. 2026-06-13
   days on market $130,900 Active 99 DOM
6. 2026-06-13
   days on market $130,900 Active 98 DOM
7. 2026-06-09
   days on market $130,900 Active 95 DOM
8. 2026-06-08
   days on market $130,900 Active 94 DOM
9. 2026-06-07
   days on market $130,900 Active 93 DOM
10. 2026-06-05
    days on market $130,900 Active 90 DOM
11. 2026-06-03
    days on market $130,900 Active 89 DOM
12. 2026-06-02
    days on market $130,900 Active 88 DOM
13. 2026-06-01
    days on market $130,900 Active 87 DOM
14. 2026-05-31
    days on market $130,900 Active 86 DOM
15. 2026-05-08
    price $130,900 513-char remark

    Show marketing remark (513 chars)

    Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

16. 2026-04-23
    price $139,900 513-char remark

    Show marketing remark (513 chars)

    Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

17. 2026-04-18
    price $149,900 513-char remark

    Show marketing remark (513 chars)

    Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

18. 2026-04-10
    price $154,900 513-char remark

    Show marketing remark (513 chars)

    Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

19. 2026-03-06
    listed $159,900 Active 513-char remark

    Show marketing remark (513 chars)

    Charming 2-story home featuring 2 bedrooms and 1 full bathroom with a functional layout and plenty of natural light. The main level offers a welcoming living area and a practical kitchen, while the upper level hosts comfortable bedrooms. Additional features include a private backyard and potential for storage or future finishing in the basement. Conveniently located near schools, parks, shopping, and major roadways, this home is ideal for first-time buyers or investors looking for a well-maintained property.

20. 2022-02-02
    soldstatus $95,000

ⓘ 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: $3,494 · $291/mo
• Projected year-2 tax: $3,494 · $291/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 4/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,191
• − Mortgage interest: −$7,332
• − Property taxes: −$3,494
• − Insurance: −$654
• − Repairs & maintenance: −$1,535
• − Management: −$1,535
• − Depreciation: −$3,808
• Taxable income: $831
• Est. tax owed @ 24.0%: −$199
• After-tax cash flow: $2,575/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: Penn Hills SD
• NCES district ID: 4218590
• Math proficiency: 13% ▼ -6.00%
• Reading proficiency: 24% ▼ -14.00%
• Median HH income: $47,794
• Composite: 16.42/100
• National rank: #9192
• State rank: #496 of 539 in PA

Livability — Penn Hills

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 33,951
• Household income: $67,240
• Rent vs Own: 25.2% rent · 74.8% own
• Severe rent burden: 955.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 51% Black 40% Two or more races 7% Hispanic / Latino 2%
• Common ancestry: Romanian 5% Serbian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% Spanish 1%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -121.68%
• Current HPI: 235.4861
• Rent YoY: ▲ 7.63%
• Metro: Pittsburgh, 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

+37.8% since first listed

6 events — show timeline

• 2026-05-08 Price Changed $130,900 West Penn MLS
• 2026-04-23 Price Changed $139,900 West Penn MLS
• 2026-04-18 Price Changed $149,900 West Penn MLS
• 2026-04-10 Price Changed $154,900 West Penn MLS
• 2026-03-06 Listed $159,900 West Penn MLS
• 2022-02-02 Sold (Public Records) $95,000 Public Records

Property tax history

+4.3%/yr

Latest (2026): $3,494 · +0.0% YoY. Source: county tax records.