414 E Edgewood Ave · New Castle, PA 16105

$129,900

3 bd · 1.5 ba · 1,706 sqft · SingleFamily public records · 215 Days on market

Built 1920 4,791 sqft lot Est $222k · 41% under

---

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 +23.5/30.0
• ARV discount +15.0/15.0
• 1% rule +7.5/10.0
• DSCR +7.5/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sundrenched living room underscored in neutral carpeting & trimmed in rich white mouldings illuminated by triple window. Dramatic arched opening flows into entertainment-sized dining room perimetered by chair railing complimented by large wall mirror, period-true built-in china cupboards & elegant chandelier. Newly remodeled equipped kitchen is underscored in resilient earth-toned tile showcasing abundant maple cabinetry, granite-like counters, & breakfast nook. Family room + bonus room, newer HVAC.

Key facts

• Formal dining room
• Bright living room
• First floor layout

Tags

• FIRST FLOOR LAYOUT
• BRIGHT LIVING ROOM
• FORMAL DINING ROOM
• KITCHEN WITH BREAKFAST NOOK
• VERSATILE BONUS ROOM
• CAPTURED ATTIC BEDROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

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: 105 active listings in the ZIP; 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 $898 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 215 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 215 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 1.25% ✓
• Cap rate: 8.53%
• Cash-on-cash: 7.98%
• DSCR: 1.35
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $221,780
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
414 E Edgewood Ave	0.00mi	4/1.5 (+1)	1,706 (0%)	0mo	$125,000	$73	95
2304 Highland Ave	0.06mi	4/2.5 (+1)	1,818 (+7%)	0mo	$180,000	$99	77
232 E Meyer Ave	0.23mi	3/2.0	1,598 (-6%)	2mo	$205,000	$128	75
323 E Edgewood Ave	0.10mi	4/2.0 (+1)	1,591 (-7%)	6mo	$180,748	$114	72
2716 Albert St. Ext	0.35mi	3/2.5	1,788 (+5%)	2mo	$295,000	$165	70
319 E Edgewood Ave	0.12mi	3/1.0	1,508 (-12%)	5mo	$172,500	$114	69
2303 Delaware Ave	0.08mi	4/2.0 (+1)	1,504 (-12%)	2mo	$216,000	$144	68
2411 Graceland Rd	0.64mi	3/2.0	1,694 (-1%)	1mo	$225,000	$133	66
108 Okinawa Dr	0.65mi	3/2.5	1,834 (+8%)	3mo	$340,000	$185	50
116 E Euclid Ave	0.73mi	3/1.0	1,481 (-13%)	1mo	$167,500	$113	41
5 Lilac Rd	0.65mi	3/2.0	1,473 (-14%)	6mo	$295,000	$200	40
229 E Euclid	0.61mi	4/1.5 (+1)	1,460 (-14%)	4mo	$189,900	$130	40

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: -4.1%
• Equity multiple: 0.85×
• Total profit: $-5,538
• Equity at exit: $19,369

10-year hold

• IRR: 5.7%
• Equity multiple: 1.43×
• Total profit: $15,464
• Equity at exit: $11,231

Cash invested: $36,372 (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 16105

• Home prices YoY: -26.5%
• Active inventory: 105
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,624 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$306 /mo · $3,672/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $242

Break-even live

Break-even rent $1,318

Max offer price $129,900

Occupancy floor 80%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-04-07
   status Pending
2. 2026-04-07
   status Active
3. 2025-11-18
   price $129,900
4. 2025-09-23
   price $139,900
5. 2025-08-04
   listed $145,000 Active
6. 2013-07-21
   listed $94,900 521-char remark

   Show marketing remark (521 chars)

   Sundrenched living room underscored in neutral carpeting & trimmed in rich white mouldings illuminated by triple window. Dramatic arched opening flows into entertainment-sized dining room perimetered by chair railing complimented by large wall mirror, period-true built-in china cupboards & elegant chandelier. Newly remodeled equipped kitchen is underscored in resilient earth-toned tile showcasing abundant maple cabinetry, granite-like counters, & breakfast nook. Family room + bonus room, newer HVAC.

ⓘ 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: $3,672 · $306/mo
• Projected year-2 tax: $3,672 · $306/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 ≥96°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: $19,491
• − Mortgage interest: −$7,276
• − Property taxes: −$3,672
• − Insurance: −$650
• − Repairs & maintenance: −$1,559
• − Management: −$1,559
• − Depreciation: −$3,779
• Taxable income: $995
• Est. tax owed @ 24.0%: −$239
• After-tax cash flow: $2,662/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): 15,195

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 (93%)
• Race & ethnicity: White 93% Black 3% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Romanian 9% Serbian 3% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 1% Spanish 1% German/W. Germanic 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: ▼ -62.26%
• Current HPI: 173.0332
• 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

+36.9% since first listed

6 events — show timeline

• 2026-04-07 Pending — West Penn MLS
• 2026-04-07 Relisted — West Penn MLS
• 2025-11-18 Price Changed $129,900 West Penn MLS
• 2025-09-23 Price Changed $139,900 West Penn MLS
• 2025-08-04 Listed $145,000 West Penn MLS
• 2013-07-21 Listed $94,900 West Penn MLS

Property tax history

+1.3%/yr

Latest (2026): $3,672 · +2.0% YoY. Source: county tax records.