1515 W Logan St · Bellwood, PA 16617

$99,900

2 bd · 1.0 ba · 1,311 sqft · SingleFamily · 69 Days on market

Built 1916 3,484 sqft lot $76/sqft · 33% below area Est $150k · 33% under

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Why this score? — see what drove the B- 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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• Appreciation +4.8/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Stone-front ranch with fenced yard! This home features a distinctive stone exterior and a fenced backyard with patio, fire pit, and storage shed. Inside, you'll find a spacious kitchen with painted cabinetry and plenty of counter space, along with two bedrooms and a full bath. Off-street parking is available along the side drive. The property does need some work but offers great potential for the right buyer.

Key facts

• Spacious kitchen
• Storage shed
• Fire pit

Tags

• STONE EXTERIOR
• FENCED BACKYARD
• PATIO
• FIRE PIT
• STORAGE SHED
• SPACIOUS KITCHEN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#737 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Bellwood-Antis SD (suburban): math 36% / reading 58% proficiency, ranked #224 of 539 in PA (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lewis M Myers El Sch (math 42% / reading 62%, grade C-, #586 of 1,518 statewide, top 42%, 400 students, 42% FRL); Bellwood Antis Ms (math 27% / reading 56%, grade F, #234 of 512 statewide, top 47%, 371 students, 43% FRL); Bellwood-Antis Hs (math 84%, 392 students, 32% FRL).
• Market conditions: 10 active listings in the ZIP; 99 units permitted in Blair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $348 of equity ($691 loan paydown + $-343 appreciation (-0.3% local appreciation)).
• Blair County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.3% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.09% ✓
• Cap rate: 8.33%
• Cash-on-cash: 7.29%
• DSCR: 1.32
• GRM: 7.6

CMA / ARV

• ARV (median comp): $149,574
• List price: $99,900
• Delta: -33.21%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1510 W W Logan St	0.03mi	3/1.0 (+1)	1,312 (+0%)	4mo	$150,000	$114	90
711 N 7th St	0.10mi	2/1.0	1,160 (-12%)	4mo	$140,000	$121	73
312 N 4th St N	0.41mi	3/2.0 (+1)	1,344 (+2%)	3mo	$127,500	$95	65
618 N 12th St	0.26mi	3/1.5 (+1)	1,232 (-6%)	16mo	$145,000	$118	58
616 E 5th St	0.74mi	3/1.0 (+1)	1,342 (+2%)	3mo	$155,000	$115	54
1220 N Cambria St	0.33mi	3/1.5 (+1)	1,192 (-9%)	22mo	$151,750	$127	44
700 East 4th St	0.68mi	3/1.0 (+1)	1,494 (+14%)	11mo	$150,000	$100	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.34% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.9%
• Equity multiple: 1.23×
• Total profit: $6,309
• Equity at exit: $27,304

10-year hold

• IRR: 10.5%
• Equity multiple: 2.10×
• Total profit: $30,815
• Equity at exit: $31,490

Cash invested: $27,972 (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 16617

• Home prices YoY: -0.3%
• Active inventory: 10
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,090 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$126 /mo · $1,510/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $170

Break-even live

Break-even rent $875

Max offer price $99,900

Occupancy floor 79%

Sensitivity live

Price	-10% $226	-5% $198	+0% $170	+5% $142	+10% $113
Rent	-10% $84	-5% $127	+0% $170	+5% $213	+10% $256
Rate	-1.0pp $220	-0.5pp $195	base $170	+0.5pp $144	+1.0pp $118

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-19
   days on market $99,900 Active 69 DOM
2. 2026-06-18
   days on market $99,900 Active 68 DOM
3. 2026-06-17
   days on market $99,900 Active 67 DOM
4. 2026-06-16
   days on market $99,900 Active 66 DOM
5. 2026-06-15
   days on market $99,900 Active 65 DOM
6. 2026-06-14
   days on market $99,900 Active 63 DOM
7. 2026-06-13
   days on market $99,900 Active 62 DOM
8. 2026-06-10
   days on market $99,900 Active 60 DOM
9. 2026-06-09
   days on market $99,900 Active 59 DOM
10. 2026-06-08
    days on market $99,900 Active 58 DOM
11. 2026-06-07
    days on market $99,900 Active 57 DOM
12. 2026-06-02
    days on market $99,900 Active 52 DOM
13. 2026-06-01
    days on market $99,900 Active 51 DOM
14. 2026-05-31
    days on market $99,900 Active 50 DOM
15. 2026-05-30
    days on market $99,900 Active 49 DOM
16. 2026-04-30
    price $99,900 413-char remark

    Show marketing remark (413 chars)

    Stone-front ranch with fenced yard! This home features a distinctive stone exterior and a fenced backyard with patio, fire pit, and storage shed. Inside, you'll find a spacious kitchen with painted cabinetry and plenty of counter space, along with two bedrooms and a full bath. Off-street parking is available along the side drive. The property does need some work but offers great potential for the right buyer.

17. 2026-04-11
    listed $105,000 Active 413-char remark

    Show marketing remark (413 chars)

    Stone-front ranch with fenced yard! This home features a distinctive stone exterior and a fenced backyard with patio, fire pit, and storage shed. Inside, you'll find a spacious kitchen with painted cabinetry and plenty of counter space, along with two bedrooms and a full bath. Off-street parking is available along the side drive. The property does need some work but offers great potential for the right buyer.

18. 2025-11-17
    price $109,900
19. 2025-10-13
    price $114,900
20. 2023-06-08
    soldstatus $105,000 Closed
21. 2023-05-07
    status Pending
22. 2023-05-03
    price $105,000
23. 2023-04-29
    listed $107,500 Active
24. 2014-12-16
    soldstatus $69,900
25. 2014-12-15
    soldstatus $69,900
26. 2014-10-16
    listed $69,900
27. 2007-09-06
    soldstatus $30,000
28. 2007-08-20
    soldstatus $30,000
29. 2007-04-25
    listed $29,900

ⓘ 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: $1,510 · $126/mo
• Projected year-2 tax: $1,544 · $129/mo
• Expected delta: +$34/yr (+$3/mo · 2.3%)

ⓘ 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 3/10 Moderate 7 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,081
• − Mortgage interest: −$5,596
• − Property taxes: −$1,510
• − Insurance: −$500
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$2,906
• Taxable income: $476
• Est. tax owed @ 24.0%: −$114
• After-tax cash flow: $1,924/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: Bellwood-Antis SD
• NCES district ID: 4203300
• Math proficiency: 36% ▼ -11.00%
• Reading proficiency: 58% ▼ -10.00%
• Median HH income: $55,347
• Composite: 40.72/100
• National rank: #3663
• State rank: #224 of 539 in PA

Livability — Bellwood

• Score: 70/100
• State rank: #737
• US rank: #7382

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,505

Population outlook (Blair County) Hauer SSP2

• Today (2025): 121,571 people
• By 2030: 117,966 · -3.0%
• By 2040: 109,174 · -10.2%
• By 2050: 99,542 · -18.1%
• By 2075: 76,775 · -36.8%
• By 2100: 54,326 · -55.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 5% Italian 4% Slovak 3%
• Foreign-born: 0% · Canada

Political lean MEDSL · Blair

• 2024 margin: Solid R (+43.5) · D 27.9% · R 71.4%
• 2008→2024 swing: -19.2pp toward R · 2008: -24.3pp · 2024: -43.5pp
• All cycles: 2024: R+43.5 2020: R+43.5 2016: R+46.4 2012: R+33.5 2008: R+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.34%
• Current HPI: 124.3707
• 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

+234.1% since first listed

14 events — show timeline

• 2026-04-30 Price Changed $99,900 AHARMLS
• 2026-04-11 Listed $105,000 AHARMLS
• 2025-11-17 Price Changed $109,900 AHARMLS
• 2025-10-13 Price Changed $114,900 AHARMLS
• 2023-06-08 Sold (MLS) $105,000 AHARMLS
• 2023-05-07 Pending — AHARMLS
• 2023-05-03 Price Changed $105,000 AHARMLS
• 2023-04-29 Listed $107,500 AHARMLS
• 2014-12-16 Sold (Public Records) $69,900 Public Records
• 2014-12-15 Sold (MLS) $69,900 AHARMLS
• 2014-10-16 Listed $69,900 AHARMLS
• 2007-09-06 Sold (Public Records) $30,000 Public Records
• 2007-08-20 Sold (MLS) $30,000 AHARMLS
• 2007-04-25 Listed $29,900 AHARMLS

Property tax history

+12.8%/yr

Latest (2025): $1,510 · +8.7% YoY. Source: county tax records.