354 Corrine Ave · Johnstown, PA 15906

$42,900

3 bd · 1.0 ba · 1,278 sqft · SingleFamily · 80 Days on market

4,792 sqft lot $34/sqft · 14% above area Est $38k · 14% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Appreciation +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +1.2/15.0

Listing remarks MLS

MAKE YOUR MOVE TO THE CITY OF JOHNSTOWN' S 20TH WARD. .. this 3 bedroom home includes many of the features you have been looking for in your new home. You are greeted by a larged covered front porch. Upon entry, you will be impressed by the spacious living room with HW floors and panelled walls. Imagine hosting get-togethers in the adjoining dining room. The home chef will enjoy preparing meals in the kitchen with ample laminate cabinets and counters plus appliances. To complete the main floor is laundry room with washer, dryer, and commode. Upstairs you will find 3 bedrooms with closets/storage and full bath. Gas hot water heat, 100 amp electrical, on-demand tankless water heater, newer roof, and some newer windows. Detatched 2-car garage with insulated doors, additional off-street parking, level lot, and much more. Location is convenient to local amenities including transportation, shopping, restaurants, hospital/medical facilities, and entertainment/recreational venues. Don't miss this opportunity - call today for all the details, to receive your tour packet, and to schedule a personal tour!

Key facts

• Covered front porch
• Level lot
• Off-street parking

Tags

• COVERED FRONT PORCH
• SPACIOUS LIVING ROOM
• TANKLESS WATER HEATER
• DETACHED GARAGE
• OFF-STREET PARKING
• LEVEL LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $43k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($845 rent vs $43k).
• Recommended offer: $40k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 77/100 on livability (#363 in PA, #3,168 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D+, crime F, employment F.
• Greater Johnstown SD (urban): math 9% / reading 25% proficiency, ranked #509 of 539 in PA (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 47 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 64 units permitted in Cambria County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $297 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Cambria County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $8k; list at $43k implies a 436% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.

Recommended offer $40,326 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F 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?
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 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: 1.97% ✓
• Cap rate: 14.94%
• Cash-on-cash: 30.89%
• DSCR: 2.37
• GRM: 4.2

CMA / ARV

• ARV (median comp): $37,655
• List price: $42,900
• Delta: 13.93%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
355 Corinne St	0.02mi	2/1.0 (-1)	1,254 (-2%)	6mo	$52,500	$42	86
426 Decker Ave	0.11mi	3/1.0	1,318 (+3%)	8mo	$65,720	$50	83
166 Stone St	0.22mi	2/1.0 (-1)	1,181 (-8%)	6mo	$42,000	$36	67
419 Beatrice Ave	0.25mi	3/2.0	1,392 (+9%)	4mo	$65,900	$47	66
287 Glenn St	0.32mi	2/1.0 (-1)	1,410 (+10%)	1mo	$36,000	$26	62
77 Boyer St	0.57mi	3/2.0	1,236 (-3%)	6mo	$39,500	$32	59
185 Glenn St	0.49mi	3/1.0	1,372 (+7%)	8mo	$69,000	$50	58
201 Blaine St	0.45mi	3/1.0	1,434 (+12%)	4mo	$52,000	$36	55
284 Wilson St	0.34mi	2/1.0 (-1)	1,104 (-14%)	3mo	$49,900	$45	54
318 Vaughn St	0.70mi	3/1.0	1,374 (+8%)	2mo	$23,000	$17	53
440 Boyer St	0.71mi	2/1.0 (-1)	1,152 (-10%)	5mo	$40,000	$35	41
116 Blawn St	0.68mi	3/1.5	1,088 (-15%)	8mo	$30,000	$28	35

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: 25.7%
• Equity multiple: 2.06×
• Total profit: $12,790
• Equity at exit: $6,397

10-year hold

• IRR: 33.4%
• Equity multiple: 4.06×
• Total profit: $36,700
• Equity at exit: $3,709

Cash invested: $12,012 (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 15906

• Home prices YoY: -4.0%
• Active inventory: 47
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $845 medium
• Mortgage (P&I): −$225
• Tax from tax record: −$116 /mo · $1,390/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $309

Break-even live

Break-even rent $454

Max offer price $42,900

Occupancy floor 58%

Sensitivity live

Price	-10% $333	-5% $321	+0% $309	+5% $297	+10% $285
Rent	-10% $242	-5% $276	+0% $309	+5% $343	+10% $376
Rate	-1.0pp $331	-0.5pp $320	base $309	+0.5pp $298	+1.0pp $287

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: $10,725
• Closing costs: $1,287
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
444 Stone St Johnstown, PA	2.0	1.0	908	$700	$0.77	44d	1	0.11mi
459 Stone St Johnstown, PA	3.0	1.0	1120	$900	$0.80	24d	1	0.12mi
444 Stone St Unit 444 Johnstown, PA	2.0	1.0	950	$700	$0.74	24d	1	0.13mi
213 Stone St Johnstown, PA	2.0	1.0	989	$1,100	$1.11	24d	1	0.14mi

Listing history 19 events

1. 2026-06-19
   days on market $42,900 Active 80 DOM
2. 2026-06-18
   days on market $42,900 Active 79 DOM
3. 2026-06-17
   days on market $42,900 Active 78 DOM
4. 2026-06-16
   days on market $42,900 Active 77 DOM
5. 2026-06-15
   days on market $42,900 Active 76 DOM
6. 2026-06-14
   days on market $42,900 Active 74 DOM
7. 2026-06-12
   days on market $42,900 Active 73 DOM
8. 2026-06-09
   days on market $42,900 Active 70 DOM
9. 2026-06-08
   days on market $42,900 Active 69 DOM
10. 2026-06-07
    days on market $42,900 Active 68 DOM
11. 2026-06-05
    pricedays on market $42,900 Active 65 DOM
12. 2026-06-02
    days on market $44,900 Active 63 DOM
13. 2026-06-01
    days on market $44,900 Active 62 DOM
14. 2026-05-31
    days on market $44,900 Active 61 DOM
15. 2026-05-30
    days on market $44,900 Active 60 DOM
16. 2026-03-31
    listed $44,900 Active 1111-char remark

    Show marketing remark (1111 chars)

    MAKE YOUR MOVE TO THE CITY OF JOHNSTOWN' S 20TH WARD. .. this 3 bedroom home includes many of the features you have been looking for in your new home. You are greeted by a larged covered front porch. Upon entry, you will be impressed by the spacious living room with HW floors and panelled walls. Imagine hosting get-togethers in the adjoining dining room. The home chef will enjoy preparing meals in the kitchen with ample laminate cabinets and counters plus appliances. To complete the main floor is laundry room with washer, dryer, and commode. Upstairs you will find 3 bedrooms with closets/storage and full bath. Gas hot water heat, 100 amp electrical, on-demand tankless water heater, newer roof, and some newer windows. Detatched 2-car garage with insulated doors, additional off-street parking, level lot, and much more. Location is convenient to local amenities including transportation, shopping, restaurants, hospital/medical facilities, and entertainment/recreational venues. Don't miss this opportunity - call today for all the details, to receive your tour packet, and to schedule a personal tour!

17. 2024-08-21
    soldstatus $8,000
18. 2024-06-10
    soldstatus $27,000
19. 2002-10-31
    soldstatus $24,000

ⓘ 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: $1,390 · $116/mo
• Projected year-2 tax: $1,390 · $116/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 8 d/yr ≥96°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,144
• − Mortgage interest: −$2,403
• − Property taxes: −$1,390
• − Insurance: −$214
• − Repairs & maintenance: −$812
• − Management: −$812
• − Depreciation: −$1,248
• Taxable income: $3,266
• Est. tax owed @ 24.0%: −$784
• After-tax cash flow: $2,926/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: Greater Johnstown SD
• NCES district ID: 4210950
• Math proficiency: 9% ▼ -6.00%
• Reading proficiency: 25% ▼ -6.00%
• Median HH income: $27,890
• Composite: 13.25/100
• National rank: #9550
• State rank: #509 of 539 in PA

Livability — Johnstown

• Score: 77/100
• State rank: #363
• US rank: #3168

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, PA
• City population: 30,791
• Population (ZIP): 9,654

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 (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Polish 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% 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: ▼ -3.26%
• Current HPI: 77.6797
• 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

+87.1% since first listed

4 events — show timeline

• 2026-03-31 Listed $44,900 CSMLS
• 2024-08-21 Sold (Public Records) $8,000 Public Records
• 2024-06-10 Sold (Public Records) $27,000 Public Records
• 2002-10-31 Sold (Public Records) $24,000 Public Records

Property tax history

+0.2%/yr

Latest (2026): $1,390 · +0.0% YoY. Source: county tax records.