1620 W Walnut St · Ashland, PA 17921

$48,500

1 bd · 1.0 ba · 728 sqft · SingleFamily public records · 50 Days on market

Built 1920 871 sqft lot $67/sqft · 11% above area Est $66k · 26% under ↓ 12% 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 +10.0/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This is a money maker rental!!!! Or it can be your new home with lots a possibility. Welcome to 1620 Walnut St Ashland PA. This is a 3-4 bedroom 1 bath house with a great sized yard. What makes this property special is that it is 2 homes that are combined by the previous owner. The first floor has a large living room area, that leads into the kitchen, next to the kitchen is a large office/bedroom space with a mini split installed. Outside the kitchen is a back patio with a large fenced in yard. Going upstairs you have 3 bedrooms and 1 full bathroom with a jacuzzi tub. There is also a small space for a sitting area. There is an attic accessible from one of the bedrooms. There is also a large basement that is finished and mostly above grade. This house was a rental and since the last people moved out, it has been winterized. Rental info sheet is included in the documents. The property does need touching up from the last rental. There are three parcels with the sale of this property. This property is being sold as is.

Key facts

• Sitting area
• Large fenced in yard
• Jacuzzi tub

Tags

• LARGE LIVING ROOM AREA
• LARGE OFFICE BEDROOM SPACE
• BACK PATIO
• LARGE FENCED IN YARD
• JACUZZI TUB
• SITTING AREA

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $47k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.0% vs local median 10.9% in Ashland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#1,179 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• North Schuylkill SD (rural): math 19% / reading 48% proficiency, ranked #429 of 539 in PA (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 48 active listings in the ZIP; 169 units permitted in Schuylkill County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($335 loan paydown + $5k appreciation (10.0% local appreciation)).
• Schuylkill County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $47,045 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.25% ✓
• Cap rate: 18.96%
• Cash-on-cash: 45.25%
• DSCR: 3.01
• GRM: 3.7

CMA / ARV

• ARV (median comp): $65,961
• List price: $48,500
• Delta: -26.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 59.6%
• Equity multiple: 5.35×
• Total profit: $59,054
• Equity at exit: $43,693

10-year hold

• IRR: 53.1%
• Equity multiple: 11.92×
• Total profit: $148,307
• Equity at exit: $94,225

Cash invested: $13,580 (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 17921

• Home prices YoY: 21.7%
• Active inventory: 48
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,091 medium
• Mortgage (P&I): −$254
• Tax from tax record: −$75 /mo · $905/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $512

Break-even live

Break-even rent $443

Max offer price $48,500

Occupancy floor 48%

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: $12,125
• Closing costs: $1,455
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-15
   status Pending 1031-char remark

   Show marketing remark (1031 chars)

   This is a money maker rental!!!! Or it can be your new home with lots a possibility. Welcome to 1620 Walnut St Ashland PA. This is a 3-4 bedroom 1 bath house with a great sized yard. What makes this property special is that it is 2 homes that are combined by the previous owner. The first floor has a large living room area, that leads into the kitchen, next to the kitchen is a large office/bedroom space with a mini split installed. Outside the kitchen is a back patio with a large fenced in yard. Going upstairs you have 3 bedrooms and 1 full bathroom with a jacuzzi tub. There is also a small space for a sitting area. There is an attic accessible from one of the bedrooms. There is also a large basement that is finished and mostly above grade. This house was a rental and since the last people moved out, it has been winterized. Rental info sheet is included in the documents. The property does need touching up from the last rental. There are three parcels with the sale of this property. This property is being sold as is.

2. 2026-04-08
   status Active 1031-char remark

   Show marketing remark (1031 chars)

   This is a money maker rental!!!! Or it can be your new home with lots a possibility. Welcome to 1620 Walnut St Ashland PA. This is a 3-4 bedroom 1 bath house with a great sized yard. What makes this property special is that it is 2 homes that are combined by the previous owner. The first floor has a large living room area, that leads into the kitchen, next to the kitchen is a large office/bedroom space with a mini split installed. Outside the kitchen is a back patio with a large fenced in yard. Going upstairs you have 3 bedrooms and 1 full bathroom with a jacuzzi tub. There is also a small space for a sitting area. There is an attic accessible from one of the bedrooms. There is also a large basement that is finished and mostly above grade. This house was a rental and since the last people moved out, it has been winterized. Rental info sheet is included in the documents. The property does need touching up from the last rental. There are three parcels with the sale of this property. This property is being sold as is.

3. 2026-03-26
   status Pending 1031-char remark

   Show marketing remark (1031 chars)

   This is a money maker rental!!!! Or it can be your new home with lots a possibility. Welcome to 1620 Walnut St Ashland PA. This is a 3-4 bedroom 1 bath house with a great sized yard. What makes this property special is that it is 2 homes that are combined by the previous owner. The first floor has a large living room area, that leads into the kitchen, next to the kitchen is a large office/bedroom space with a mini split installed. Outside the kitchen is a back patio with a large fenced in yard. Going upstairs you have 3 bedrooms and 1 full bathroom with a jacuzzi tub. There is also a small space for a sitting area. There is an attic accessible from one of the bedrooms. There is also a large basement that is finished and mostly above grade. This house was a rental and since the last people moved out, it has been winterized. Rental info sheet is included in the documents. The property does need touching up from the last rental. There are three parcels with the sale of this property. This property is being sold as is.

4. 2026-03-12
   listed $48,500 Active 1031-char remark

   Show marketing remark (1031 chars)

   This is a money maker rental!!!! Or it can be your new home with lots a possibility. Welcome to 1620 Walnut St Ashland PA. This is a 3-4 bedroom 1 bath house with a great sized yard. What makes this property special is that it is 2 homes that are combined by the previous owner. The first floor has a large living room area, that leads into the kitchen, next to the kitchen is a large office/bedroom space with a mini split installed. Outside the kitchen is a back patio with a large fenced in yard. Going upstairs you have 3 bedrooms and 1 full bathroom with a jacuzzi tub. There is also a small space for a sitting area. There is an attic accessible from one of the bedrooms. There is also a large basement that is finished and mostly above grade. This house was a rental and since the last people moved out, it has been winterized. Rental info sheet is included in the documents. The property does need touching up from the last rental. There are three parcels with the sale of this property. This property is being sold as is.

5. 2022-06-21
   historical
6. 2022-06-21
   historical
7. 2022-06-11
   price $49,900
8. 2022-06-11
   price $49,900
9. 2022-05-29
   listed $55,000 Active
10. 2022-05-28
    listed $55,000 Active

ⓘ 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: $905 · $75/mo
• Projected year-2 tax: $905 · $75/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,094
• − Mortgage interest: −$2,717
• − Property taxes: −$905
• − Insurance: −$242
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$1,411
• Taxable income: $5,724
• Est. tax owed @ 24.0%: −$1,374
• After-tax cash flow: $4,771/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: North Schuylkill SD
• NCES district ID: 4210110
• Math proficiency: 19% ▼ -14.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $43,529
• Composite: 28.37/100
• National rank: #6770
• State rank: #429 of 539 in PA

Livability — Ashland

• Score: 64/100
• State rank: #1179
• US rank: #13787

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ashland, PA
• Population (ZIP): 7,029

Population outlook (Schuylkill County) Hauer SSP2

• Today (2025): 137,447 people
• By 2030: 133,121 · -3.1%
• By 2040: 124,172 · -9.7%
• By 2050: 115,611 · -15.9%
• By 2075: 100,796 · -26.7%
• By 2100: 86,667 · -36.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 10% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 10% Iranian 4% Polish 3%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Schuylkill

• 2024 margin: Solid R (+42.1) · D 28.5% · R 70.6%
• 2008→2024 swing: -33.4pp toward R · 2008: -8.7pp · 2024: -42.1pp
• All cycles: 2024: R+42.1 2020: R+39.9 2016: R+43.4 2012: R+13.4 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 62.11%
• Current HPI: 347.8425
• 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

-11.8% since first listed

10 events — show timeline

• 2026-05-15 Pending — BRIGHT MLS
• 2026-04-08 Relisted — BRIGHT MLS
• 2026-03-26 Pending — BRIGHT MLS
• 2026-03-12 Listed $48,500 BRIGHT MLS
• 2022-06-21 Listing Removed — BRIGHT MLS
• 2022-06-21 Listing Removed — GLVRMLS
• 2022-06-11 Price Changed $49,900 GLVRMLS
• 2022-06-11 Price Changed $49,900 BRIGHT MLS
• 2022-05-29 Listed $55,000 BRIGHT MLS
• 2022-05-28 Listed $55,000 GLVRMLS

Property tax history

+2.8%/yr

Latest (2025): $905 · +5.3% YoY. Source: county tax records.