402 Millville Rd · Bloomsburg, PA 17815

$218,000

4 bd · 2.5 ba · 1,292 sqft · Other public records · 175 Days on market

Built 1922 0.34 ac lot ↓ 3% since listing

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Why this score? — see what drove the D- 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 +9.0/30.0
• ARV discount +7.5/15.0
• Rent growth +4.2/5.0
• Livability +4.1/5.0
• Schools +3.7/10.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1920's Bloomsburg 4-BR 2.5-BA beauty loaded with character on a double lot! Addition from 1960. Partial hardwood floors, new metal roof (2019), newer furnace, many replacement windows & fresh paint. Huge first-floor family room with full kitchen, full bath & private entrance - perfect for guests, parents, teens or an epic home office. Large deck, detached workshop, established garden ready for your veggies & flowers, plus direct Bloomsburg Rail-Trail access in back. Quiet edge-of-town, 5 min to Geisinger & downtown. Single-family, first-time-buyer friendly, move-in ready & priced to sell!

Key facts

• New metal roof
• Full kitchen
• Newer furnace

Tags

• ORIGINAL HARDWOOD FLOORS
• NEW METAL ROOF
• NEWER FURNACE
• REPLACEMENT WINDOWS
• HUGE FIRST-FLOOR FAMILY ROOM
• FULL KITCHEN

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $218k.

Deal economics

• At list price, monthly cash flow is $-171 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (13.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $161k (26.1% below list).
• Recommended offer: $161k (26.1% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.8% in Bloomsburg — 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 82/100 on livability (#147 in PA, #1,183 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment D, commute F.
• Bloomsburg Area SD (urban): math 33% / reading 57% proficiency, ranked #289 of 539 in PA (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: W W Evans Memorial El Sch (math 47% / reading 62%, grade C, #504 of 1,518 statewide, top 37%, 220 students, 31% FRL); Bloomsburg Area Ms (math 21% / reading 52%, grade F, #307 of 512 statewide, top 61%, 354 students, 46% FRL); Bloomsburg Area Hs (math 52%, 428 students, 43% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: Rents rising fast (+6.8%/yr); 123 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 82 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Columbia County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 175 days — a 12% lower offer ($192k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $161,141 (26.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 175 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 5.35%
• Cash-on-cash: -3.36%
• DSCR: 0.85
• GRM: 11.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.8% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.35×
• Total profit: $-39,835
• Equity at exit: $32,505

10-year hold

• IRR: -4.4%
• Equity multiple: 0.67×
• Total profit: $-20,383
• Equity at exit: $18,849

Cash invested: $61,040 (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 17815

• Home prices YoY: -33.0%
• Rents YoY: 6.8%
• Active inventory: 123
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,611 medium
• Mortgage (P&I): −$1,143
• Tax from tax record: −$210 /mo · $2,520/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-171

Break-even live

Break-even rent $1,828

Max offer price $187,792

Occupancy floor —

Sensitivity live

Price	-10% $-48	-5% $-109	+0% $-171	+5% $-233	+10% $-294
Rent	-10% $-298	-5% $-235	+0% $-171	+5% $-107	+10% $-44
Rate	-1.0pp $-61	-0.5pp $-116	base $-171	+0.5pp $-227	+1.0pp $-285

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: $54,500
• Closing costs: $6,540
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 E 4th St Unit 1 Bloomsburg, PA	3.0	2.0	1400	$1,500	$1.07	45d	1	0.90mi

Listing history 4 events

1. 2026-05-31
   days on market $218,000 Active 175 DOM
2. 2026-05-30
   days on market $218,000 Active 174 DOM
3. 2026-04-16
   price $218,000 635-char remark

   Show marketing remark (635 chars)

   Charming 1920's Bloomsburg 4-BR 2.5-BA beauty loaded with character on a double lot! Addition from 1960. Partial hardwood floors, new metal roof (2019), newer furnace, many replacement windows & fresh paint. Huge first-floor family room with full kitchen, full bath & private entrance - perfect for guests, parents, teens or an epic home office. Large deck, detached workshop, established garden ready for your veggies & flowers, plus direct Bloomsburg Rail-Trail access in back. Quiet edge-of-town, 5 min to Geisinger & downtown. Single-family, first-time-buyer friendly, move-in ready & priced to sell!

4. 2025-12-07
   listed $225,000 Active 635-char remark

   Show marketing remark (635 chars)

   Charming 1920's Bloomsburg 4-BR 2.5-BA beauty loaded with character on a double lot! Addition from 1960. Partial hardwood floors, new metal roof (2019), newer furnace, many replacement windows & fresh paint. Huge first-floor family room with full kitchen, full bath & private entrance - perfect for guests, parents, teens or an epic home office. Large deck, detached workshop, established garden ready for your veggies & flowers, plus direct Bloomsburg Rail-Trail access in back. Quiet edge-of-town, 5 min to Geisinger & downtown. Single-family, first-time-buyer friendly, move-in ready & priced to sell!

ⓘ 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: $2,520 · $210/mo
• Projected year-2 tax: $2,982 · $248/mo
• Expected delta: +$462/yr (+$39/mo · 18.4%)

ⓘ 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 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $19,337
• − Mortgage interest: −$12,211
• − Property taxes: −$2,520
• − Insurance: −$1,090
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$6,342
• Taxable loss: −$5,920
• Est. tax savings @ 24.0%: +$1,421
• After-tax cash flow: $-631/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: Bloomsburg Area SD
• NCES district ID: 4203840
• Math proficiency: 33% ▼ -11.00%
• Reading proficiency: 57% ▼ -8.00%
• Median HH income: $37,973
• Composite: 37.39/100
• National rank: #4428
• State rank: #289 of 539 in PA

Livability — Bloomsburg

• Score: 82/100
• State rank: #147
• US rank: #1183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomsburg, PA
• County: Columbia County · 29,790 people
• City population: 29,790
• Metro: Bloomsburg-Berwick, PA
• Population (ZIP): 29,790
• Household income: $67,510
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 801.0

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 65,170 people
• By 2030: 64,054 · -1.7%
• By 2040: 61,131 · -6.2%
• By 2050: 57,526 · -11.7%
• By 2075: 50,259 · -22.9%
• By 2100: 44,756 · -31.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 4% Black 2% Asian 2%
• Common ancestry: Romanian 5% Iranian 2% Polish 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Columbia

• 2024 margin: Solid R (+31.0) · D 34.0% · R 65.0%
• 2008→2024 swing: -26.6pp toward R · 2008: -4.5pp · 2024: -31.0pp
• All cycles: 2024: R+31.0 2020: R+30.7 2016: R+32.8 2012: R+12.4 2008: R+4.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.98%
• Current HPI: 220.8076
• Rent YoY: ▲ 6.80%
• Metro: Bloomsburg-Berwick, PA
• 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

-3.1% since first listed

2 events — show timeline

• 2026-04-16 Price Changed $218,000 CSVBR
• 2025-12-07 Listed $225,000 CSVBR

Property tax history

+4.2%/yr

Latest (2026): $2,520 · +6.1% YoY. Source: county tax records.