200 Spring St · Johnstown, PA 15906

$69,900

4 bd · 2.5 ba · 1,604 sqft · SingleFamily · 58 Days on market

Built 1900 4,792 sqft lot $44/sqft · 14% above area Est $61k · 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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +7.9/10.0
• Livability +3.9/5.0
• Appreciation +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.3/15.0
• Schools +1.3/10.0

Listing remarks MLS

Well maintained 2 1/2 Story 4 bedroom, 2 1/2 bath home with detached 2 car garage. Side covered porch, eat-in kitchen with Beautiful Cabinets, all appliances, newer windows throughout, Central A/C, Unfinished basement with Washer, Dryer, freezer and 2nd refrigerator. Front porch needs new indoor/outdoor carpet - was ripped by movers. Sump pump in basement

Key facts

• Central a/c
• Side covered porch
• Newer windows

Tags

• DETACHED GARAGE
• SIDE COVERED PORCH
• EAT-IN KITCHEN
• MAPLE CABINETS
• NEWER WINDOWS
• CENTRAL A/C

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($900 rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 15.0% in Johnstown — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 1 comparable units currently listed for rent nearby; 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 $483 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 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 1900 — 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. 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?
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: 1.29% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.92%
• DSCR: 1.53
• GRM: 6.5

CMA / ARV

• ARV (median comp): $61,442
• List price: $69,900
• Delta: 13.77%
• 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
219 Strayer St	0.06mi	3/1.5 (-1)	1,580 (-2%)	0mo	$34,000	$22	85
419 Chandler Ave	0.09mi	4/1.5	1,519 (-5%)	0mo	$50,000	$33	83
218 Wilson St	0.10mi	4/2.5	1,736 (+8%)	3mo	$79,900	$46	80
232 Grape Ave	0.12mi	3/1.0 (-1)	1,584 (-1%)	8mo	$57,655	$36	74
148 Glenn St	0.16mi	3/1.5 (-1)	1,658 (+3%)	7mo	$96,000	$58	72
225 Barron Ave	0.41mi	3/2.0 (-1)	1,680 (+5%)	7mo	$89,900	$54	60
124 Bheam Ave	0.32mi	3/1.5 (-1)	1,506 (-6%)	8mo	$42,000	$28	59
201 Blaine St	0.23mi	3/1.0 (-1)	1,434 (-11%)	4mo	$52,000	$36	57
560 Dorothy Ave	0.65mi	3/1.5 (-1)	1,596 (-0%)	7mo	$74,900	$47	54
185 Glenn St	0.10mi	3/1.0 (-1)	1,372 (-14%)	8mo	$69,000	$50	54
419 Beatrice Ave	0.63mi	3/2.0 (-1)	1,392 (-13%)	4mo	$65,900	$47	38
342 Durant St	0.72mi	4/1.0	1,440 (-10%)	9mo	$70,000	$49	36

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: 1.5%
• Equity multiple: 1.06×
• Total profit: $1,092
• Equity at exit: $10,422

10-year hold

• IRR: 11.1%
• Equity multiple: 1.87×
• Total profit: $17,038
• Equity at exit: $6,044

Cash invested: $19,572 (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: 6.5×

Monthly cashflow live

• Estimated rent: $900 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$121 /mo · $1,450/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$189
• Net cashflow: $194

Break-even live

Break-even rent $654

Max offer price $69,900

Occupancy floor 73%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
459 Stone St Johnstown, PA	3.0	1.0	1120	$900	$0.80	23d	1	0.48mi

Listing history 12 events

1. 2026-06-13
   status $69,900 Pending 58 DOM
2. 2026-06-12
   days on market $69,900 Active Under Contract 58 DOM
3. 2026-06-09
   days on market $69,900 Active Under Contract 55 DOM
4. 2026-06-08
   days on market $69,900 Active Under Contract 54 DOM
5. 2026-06-07
   days on market $69,900 Active Under Contract 53 DOM
6. 2026-06-05
   days on market $69,900 Active Under Contract 50 DOM
7. 2026-06-02
   days on market $69,900 Active Under Contract 48 DOM
8. 2026-06-01
   days on market $69,900 Active Under Contract 47 DOM
9. 2026-05-31
   days on market $69,900 Active Under Contract 46 DOM
10. 2026-05-30
    days on market $69,900 Active Under Contract 45 DOM
11. 2026-05-12
    historical Active Under Contract 357-char remark

    Show marketing remark (357 chars)

    Well maintained 2 1/2 Story 4 bedroom, 2 1/2 bath home with detached 2 car garage. Side covered porch, eat-in kitchen with Beautiful Cabinets, all appliances, newer windows throughout, Central A/C, Unfinished basement with Washer, Dryer, freezer and 2nd refrigerator. Front porch needs new indoor/outdoor carpet - was ripped by movers. Sump pump in basement

12. 2026-04-07
    listed $69,900 Active 357-char remark

    Show marketing remark (357 chars)

    Well maintained 2 1/2 Story 4 bedroom, 2 1/2 bath home with detached 2 car garage. Side covered porch, eat-in kitchen with Beautiful Cabinets, all appliances, newer windows throughout, Central A/C, Unfinished basement with Washer, Dryer, freezer and 2nd refrigerator. Front porch needs new indoor/outdoor carpet - was ripped by movers. Sump pump in basement

ⓘ 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: $1,450 · $121/mo
• Projected year-2 tax: $1,450 · $121/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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,800
• − Mortgage interest: −$3,915
• − Property taxes: −$1,450
• − Insurance: −$350
• − Repairs & maintenance: −$864
• − Management: −$864
• − Depreciation: −$2,033
• Taxable income: $1,323
• Est. tax owed @ 24.0%: −$318
• After-tax cash flow: $2,016/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

2 events — show timeline

• 2026-05-12 Contingent — CSMLS
• 2026-04-07 Listed $69,900 CSMLS

Property tax history

+0.2%/yr

Latest (2026): $1,450 · +0.0% YoY. Source: county tax records.