134 Putcan Ave · Norwood, PA 19029

$187,000

3 bd · 1.0 ba · 1,281 sqft · SingleFamily public records · 24 Days on market

Built 1920 2,614 sqft lot Est $266k · 30% under

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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 +20.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +5.3/10.0
• Livability +4.4/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two story single colonial with recent updates. Heated front porch, Large living room dining room combo. Updated eat in kitchen with breakfast bar, double sink, ceramic tile basksplash, outside entrance to rear deck. Three bedrooms, center hall updated bath. full basement, shed, ceiling fans, new sewer line 2001, masonry construction, wall to wall carpeting, replacement windows, fenced rear yard. Own a single at a twin price.

Key facts

• Rear yard
• Deck
• Breakfast bar

Tags

• ENCLOSED FRONT PORCH
• BREAKFAST BAR
• FULL HALL BATHROOM
• REAR YARD
• DECK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $187k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $187k).
• Recommended offer: $184k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 87/100 on livability (#52 in PA, #309 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F.
• Interboro SD (suburban): math 25% / reading 50% proficiency, ranked #369 of 539 in PA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 14 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 26y 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.
• Current owner paid $125k; list at $187k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $184,195 (1.5% below list)

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.03% ✓
• Cap rate: 7.78%
• Cash-on-cash: 5.32%
• DSCR: 1.24
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $266,448
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
134 Putcan Ave	0.00mi	3/1.0	1,281 (0%)	1mo	$177,000	$138	99
229 Saude Ave	0.23mi	3/1.0	1,350 (+5%)	6mo	$299,900	$222	76
110 Saude Ave	0.21mi	3/1.5	1,248 (-3%)	13mo	$260,000	$208	73
237 Bartram Ave	0.16mi	3/1.5	1,456 (+14%)	8mo	$295,000	$203	61
130 Bartram Ave	0.15mi	3/2.0	1,416 (+10%)	20mo	$280,000	$198	55
99 Wyandotte St	0.54mi	3/2.0	1,200 (-6%)	20mo	$250,000	$208	44
406 Printz Ave	0.45mi	2/1.0 (-1)	1,120 (-13%)	14mo	$235,000	$210	42
95 1st Ave	0.56mi	3/2.0	1,414 (+10%)	14mo	$192,000	$136	41
209 Pontiac St	0.72mi	4/1.5 (+1)	1,470 (+15%)	12mo	$350,000	$238	24

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: -8.0%
• Equity multiple: 0.70×
• Total profit: $-15,488
• Equity at exit: $27,882

10-year hold

• IRR: 1.5%
• Equity multiple: 1.11×
• Total profit: $5,669
• Equity at exit: $16,168

Cash invested: $52,360 (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 19029

• Home prices YoY: -21.1%
• Active inventory: 14
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,930 high
• Mortgage (P&I): −$981
• Tax est. 1.5%: −$234 /mo · $2,805/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $232

Break-even live

Break-even rent $1,636

Max offer price $187,000

Occupancy floor 83%

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: $46,750
• Closing costs: $5,610
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
230 Carre Ave Essington, PA	3.0	2.0	1500	$2,000	$1.33	22d	1	0.26mi
516 Corinthian Ave Unit LABS 516 Corinthian Ave, B 59909003563 Essington, PA	2.0	1.0	1020	$1,800	$1.76	18d	1	0.68mi
431 Iroquois St Essington, PA	3.0	1.0	1328	$1,950	$1.47	44d	1	0.81mi
431 Iroquois St Essington, PA	3.0	1.0	1328	$1,850	$1.39	24d	1	0.81mi
408 Seneca St Essington, PA	3.0	1.0	1100	$2,000	$1.82	24d	1	0.90mi
1000 Darby Rd Prospect Park, PA	2.0	1.0	852	$1,791	$2.10	3d	3	1.23mi
211 Lazaretto Rd Prospect Park, PA	2.0	1.0–1.5	972	$1,930	$1.98	1d	8	1.24mi

Listing history 10 events

1. 2026-04-02
   status Pending
2. 2026-04-01
   price $187,000
3. 2026-03-09
   listed $195,000 Active
4. 2005-10-03
   soldstatus $124,645
5. 2005-09-30
   soldstatus $124,900 428-char remark

   Show marketing remark (428 chars)

   Two story single colonial with recent updates. Heated front porch, Large living room dining room combo. Updated eat in kitchen with breakfast bar, double sink, ceramic tile basksplash, outside entrance to rear deck. Three bedrooms, center hall updated bath. full basement, shed, ceiling fans, new sewer line 2001, masonry construction, wall to wall carpeting, replacement windows, fenced rear yard. Own a single at a twin price.

6. 2005-07-29
   historical 428-char remark

   Show marketing remark (428 chars)

   Two story single colonial with recent updates. Heated front porch, Large living room dining room combo. Updated eat in kitchen with breakfast bar, double sink, ceramic tile basksplash, outside entrance to rear deck. Three bedrooms, center hall updated bath. full basement, shed, ceiling fans, new sewer line 2001, masonry construction, wall to wall carpeting, replacement windows, fenced rear yard. Own a single at a twin price.

7. 2005-07-14
   listed $124,900 428-char remark

   Show marketing remark (428 chars)

   Two story single colonial with recent updates. Heated front porch, Large living room dining room combo. Updated eat in kitchen with breakfast bar, double sink, ceramic tile basksplash, outside entrance to rear deck. Three bedrooms, center hall updated bath. full basement, shed, ceiling fans, new sewer line 2001, masonry construction, wall to wall carpeting, replacement windows, fenced rear yard. Own a single at a twin price.

8. 2001-08-31
   historical
9. 2000-11-14
   listed $89,900
10. 1989-07-11
    soldstatus $73,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $23,156
• − Mortgage interest: −$10,475
• − Property taxes: −$2,805
• − Insurance: −$935
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − Depreciation: −$5,440
• Taxable loss: −$204
• Est. tax savings @ 24.0%: +$49
• After-tax cash flow: $2,834/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: Interboro SD
• NCES district ID: 4212170
• Math proficiency: 25% ▼ -17.00%
• Reading proficiency: 50% ▼ -16.00%
• Median HH income: $56,802
• Composite: 32.97/100
• National rank: #5587
• State rank: #369 of 539 in PA

Livability — Norwood

• Score: 87/100
• State rank: #52
• US rank: #309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,934
• Population (ZIP): 3,970

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 577,490 people
• By 2030: 581,243 · +0.6%
• By 2040: 584,700 · +1.2%
• By 2050: 586,581 · +1.6%
• By 2075: 598,706 · +3.7%
• By 2100: 590,823 · +2.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 8% Italian 2% Russian 2%
• Foreign-born: 2%
• Languages at home: 98% English-only · Arabic 1%

Political lean MEDSL · Delaware

• 2024 margin: Strong D (+23.7) · D 61.4% · R 37.6% · Other 1.0%
• 2008→2024 swing: +2.3pp toward D · 2008: 21.4pp · 2024: 23.7pp
• All cycles: 2024: D+23.7 2020: D+26.7 2016: D+22.0 2012: D+21.8 2008: D+21.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -68.22%
• Current HPI: 254.5173
• 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

+156.2% since first listed

10 events — show timeline

• 2026-04-02 Pending — BRIGHT MLS
• 2026-04-01 Price Changed $187,000 BRIGHT MLS
• 2026-03-09 Listed $195,000 BRIGHT MLS
• 2005-10-03 Sold (Public Records) $124,645 Public Records
• 2005-09-30 Sold (MLS) $124,900 BRIGHT MLS
• 2005-07-29 Listing Removed — BRIGHT MLS
• 2005-07-14 Listed $124,900 BRIGHT MLS
• 2001-08-31 Listing Removed — BRIGHT MLS
• 2000-11-14 Listed $89,900 BRIGHT MLS
• 1989-07-11 Sold (Public Records) $73,000 Public Records

Property tax history

+8.1%/yr

Latest (2026): $10,143 · +131.8% YoY. Source: county tax records.