2410 Shore Dr · Pymatuning North, PA 16424

$49,900

2 bd · 1.0 ba · 980 sqft · Manufactured · 181 Days on market

4,822 sqft lot $51/sqft · 40% below area Est $83k · 40% under ↓ 33% 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 +9.2/10.0
• Schools +4.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Make this your own private recreational retreat or full-time residence, with your backyard bordering Pymatuning State Park. This unique offering includes two parcels and a 2-bedroom, 1-bath mobile home with limitless potential. A shelter built over/onto the mobile home provides added protection and offers flexible space for a carport or covered picnic area. Located just minutes from the Wilson Road Boat Launch, this property is ideal for outdoor and lake enthusiasts seeking privacy and convenience. Property is an estate and is being sold "as is".

Key facts

• Two parcels
• 4,822 sq ft lot
• Listed 180 days

Tags

• TWO PARCELS
• SHELTER BUILT OVER MOBILE HOME
• CARPORT OR COVERED PICNIC AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $779 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#1,568 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety D, schools F, amenities F.
• Conneaut SD (rural): math 38% / reading 57% proficiency, ranked #241 of 539 in PA (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 53 active listings in the ZIP; 83 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($345 loan paydown + $4k appreciation (8.5% local appreciation)).
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.5% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.79% ✓
• Cap rate: 25.02%
• Cash-on-cash: 66.89%
• DSCR: 3.98
• GRM: 3.0

CMA / ARV

• ARV (median comp): $83,058
• List price: $49,900
• Delta: -39.92%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

8.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 76.8%
• Equity multiple: 6.13×
• Total profit: $71,724
• Equity at exit: $39,567

10-year hold

• IRR: 72.0%
• Equity multiple: 13.27×
• Total profit: $171,369
• Equity at exit: $80,176

Cash invested: $13,972 (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 16424

• Home prices YoY: 3.2%
• Active inventory: 53
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,393 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$40 /mo · $474/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $779

Break-even live

Break-even rent $408

Max offer price $49,900

Occupancy floor 39%

Sensitivity live

Price	-10% $807	-5% $793	+0% $779	+5% $765	+10% $751
Rent	-10% $669	-5% $724	+0% $779	+5% $834	+10% $889
Rate	-1.0pp $804	-0.5pp $792	base $779	+0.5pp $766	+1.0pp $753

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $49,900 Active 181 DOM
2. 2026-06-18
   days on market $49,900 Active 180 DOM
3. 2026-06-17
   days on market $49,900 Active 179 DOM
4. 2026-06-16
   days on market $49,900 Active 178 DOM
5. 2026-06-15
   days on market $49,900 Active 177 DOM
6. 2026-06-14
   days on market $49,900 Active 175 DOM
7. 2026-06-12
   days on market $49,900 Active 174 DOM
8. 2026-06-09
   days on market $49,900 Active 171 DOM
9. 2026-06-08
   days on market $49,900 Active 170 DOM
10. 2026-06-07
    days on market $49,900 Active 169 DOM
11. 2026-06-07
    days on market $49,900 Active 168 DOM
12. 2026-06-03
    days on market $49,900 Active 165 DOM
13. 2026-06-02
    days on market $49,900 Active 164 DOM
14. 2026-06-01
    days on market $49,900 Active 163 DOM
15. 2026-05-31
    days on market $49,900 Active 162 DOM
16. 2026-05-30
    days on market $49,900 Active 161 DOM
17. 2026-05-20
    price $49,900 562-char remark

    Show marketing remark (562 chars)

    Make this your own private recreational retreat or full-time residence, with your backyard bordering Pymatuning State Park. This unique offering includes two parcels and a 2-bedroom, 1-bath mobile home with limitless potential. A shelter built over/onto the mobile home provides added protection and offers flexible space for a carport or covered picnic area. Located just minutes from the Wilson Road Boat Launch, this property is ideal for outdoor and lake enthusiasts seeking privacy and convenience. Property is an estate and is being sold "as is".

18. 2026-04-07
    price $69,900 562-char remark

    Show marketing remark (562 chars)

    Make this your own private recreational retreat or full-time residence, with your backyard bordering Pymatuning State Park. This unique offering includes two parcels and a 2-bedroom, 1-bath mobile home with limitless potential. A shelter built over/onto the mobile home provides added protection and offers flexible space for a carport or covered picnic area. Located just minutes from the Wilson Road Boat Launch, this property is ideal for outdoor and lake enthusiasts seeking privacy and convenience. Property is an estate and is being sold "as is".

19. 2025-12-19
    listed $75,000 Active 562-char remark

    Show marketing remark (562 chars)

    Make this your own private recreational retreat or full-time residence, with your backyard bordering Pymatuning State Park. This unique offering includes two parcels and a 2-bedroom, 1-bath mobile home with limitless potential. A shelter built over/onto the mobile home provides added protection and offers flexible space for a carport or covered picnic area. Located just minutes from the Wilson Road Boat Launch, this property is ideal for outdoor and lake enthusiasts seeking privacy and convenience. Property is an estate and is being sold "as is".

ⓘ 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: $474 · $40/mo
• Projected year-2 tax: $631 · $53/mo
• Expected delta: +$157/yr (+$13/mo · 33.1%)

ⓘ 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 2/10 Low 7 d/yr ≥95°F today · 17 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: $16,721
• − Mortgage interest: −$2,795
• − Property taxes: −$474
• − Insurance: −$250
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − Depreciation: −$1,452
• Taxable income: $9,075
• Est. tax owed @ 24.0%: −$2,178
• After-tax cash flow: $7,168/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: Conneaut SD
• NCES district ID: 4206590
• Math proficiency: 38% ▼ -7.00%
• Reading proficiency: 57% ▼ -7.00%
• Median HH income: $43,946
• Composite: 40.06/100
• National rank: #3813
• State rank: #241 of 539 in PA

Livability — Pymatuning North

• Score: 58/100
• State rank: #1568
• US rank: #20867

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pymatuning North, PA
• Population (ZIP): 4,328

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 81,399 people
• By 2030: 77,977 · -4.2%
• By 2040: 70,659 · -13.2%
• By 2050: 63,841 · -21.6%
• By 2075: 50,198 · -38.3%
• By 2100: 37,898 · -53.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · German/W. Germanic 3% Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+39.2) · D 30.0% · R 69.2%
• 2008→2024 swing: -28.8pp toward R · 2008: -10.4pp · 2024: -39.2pp
• All cycles: 2024: R+39.2 2020: R+37.2 2016: R+38.5 2012: R+19.6 2008: R+10.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.48%
• Current HPI: 276.8388
• 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

-33.5% since first listed

3 events — show timeline

• 2026-05-20 Price Changed $49,900 GEBOR
• 2026-04-07 Price Changed $69,900 GEBOR
• 2025-12-19 Listed $75,000 GEBOR

Property tax history

+0.8%/yr

Latest (2025): $474 · +0.0% YoY. Source: county tax records.