238 Fleet St · Rankin, PA 15104

$65,900

2 bd · 1.0 ba · 960 sqft · SingleFamily public records · 109 Days on market

Built 1900 1,999 sqft lot $69/sqft · 25% below area Est $88k · 25% under

---

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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Check out this 2 bedroom, 1 bath single family home located in Rankin PA, affordable and manageable for first time home buyers or investors. The kitchen was renovated last year. The property is not far from the waterfront, giving potential prospects plenty to do in the area.

Key facts

• Waterfront proximity
• Kitchen renovated
• 1,999 sq ft lot

Tags

• KITCHEN RENOVATED
• WATERFRONT PROXIMITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $66k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $66k).
• Recommended offer: $60k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#431 in PA, #3,947 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living A+; Watch: schools F, amenities F, employment F.
• Woodland Hills SD (suburban): math 13% / reading 30% proficiency, ranked #486 of 539 in PA (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 37 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent runs 33% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.6%/yr); year-one equity from $456 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-1.6% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y ago; this cycle's ask is 10% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $38k; list at $66k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,969 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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.
8. 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.
9. 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: 1.68% ✓
• Cap rate: 14.47%
• Cash-on-cash: 29.20%
• DSCR: 2.30
• GRM: 5.0

CMA / ARV

• ARV (median comp): $88,270
• List price: $65,900
• Delta: -25.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
116 Lilmont Dr	0.47mi	3/2.0 (+1)	1,000 (+4%)	1mo	$255,000	$255	62
2691 Woodstock Ave	0.38mi	3/1.5 (+1)	910 (-5%)	9mo	$100,000	$110	59
2457 S Braddock Ave	0.58mi	2/1.0	988 (+3%)	12mo	$105,000	$106	58
2342 Buena Vis	0.73mi	2/1.0	950 (-1%)	18mo	$90,000	$95	50
169 E Marigold St	0.73mi	2/1.5	1,040 (+8%)	1mo	$116,000	$112	49
806 Coalmont St	0.65mi	2/1.0	918 (-4%)	16mo	$35,000	$38	49
93 Lilmont Dr	0.53mi	3/2.0 (+1)	1,000 (+4%)	13mo	$193,000	$193	49
416 Mills Ave	0.37mi	2/1.0	1,072 (+12%)	18mo	$8,500	$8	48
165 E Marigold St	0.74mi	2/1.0	827 (-14%)	7mo	$150,000	$181	36
107 Lilmont Dr	0.46mi	3/1.5 (+1)	1,100 (+15%)	14mo	$250,000	$227	36

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

Projected returns pro-forma

-1.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 1.99×
• Total profit: $18,298
• Equity at exit: $13,962

10-year hold

• IRR: 28.5%
• Equity multiple: 3.81×
• Total profit: $51,869
• Equity at exit: $13,061

Cash invested: $18,452 (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 15104

• Home prices YoY: -1.1%
• Active inventory: 37
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,109 high
• Mortgage (P&I): −$346
• Tax from tax record: −$54 /mo · $653/yr
• Insurance: −$27
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $393

Break-even live

Break-even rent $611

Max offer price $65,900

Occupancy floor 60%

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: $16,475
• Closing costs: $1,977
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
144 Comrie Ave Braddock, PA	3.0	1.0	1000	$1,250	$1.25	23d	1	0.21mi
2673 Woodstock Ave Pittsburgh, PA	3.0	1.0	1000	$1,190	$1.19	23d	1	0.41mi
207 Montana Ave Pittsburgh, PA	2.0	1.0	840	$1,000	$1.19	23d	1	0.67mi
2319 S Braddock Ave Unit 2 Pittsburgh, PA	1.0	1.0	600	$1,090	$1.82	23d	1	0.79mi
817 Kirkpatrick Ave Unit 8171-A Braddock, PA	2.0	1.0	866	$800	$0.92	43d	1	0.80mi
2255 Hawthorne Ave Unit 2255 Swissvale, PA	2.0	1.0	1020	$1,000	$0.98	12d	1	0.89mi
7801 Lloyd Ave Unit 105 Pittsburgh, PA	1.0	1.0	750	$970	$1.29	23d	1	0.95mi
214 Vine St Homestead, PA	2.0	1.0	1034	$1,150	$1.11	43d	1	0.98mi
2121 Milligan Ave Unit 6 Pittsburgh, PA	2.0	1.0	800	$1,300	$1.62	4d	1	1.02mi
2121 Milligan Ave Unit 3 Pittsburgh, PA	2.0	1.0	800	$1,195	$1.49	43d	1	1.02mi
1003 Smokey Wood Dr Swissvale, PA	1.0–2.0	1.0	874	$1,475	$1.69	4d	4	1.08mi
7467 Schoyer Ave Pittsburgh, PA	1.0	1.0	900	$895	$0.99	2d	1	1.31mi
1635 Ardmore Blvd Pittsburgh, PA	1.0	1.0	650	$800	$1.23	21d	1	1.44mi
7340 Whipple St Swissvale, PA	1.0	1.0	685	$920	$1.34	23d	2	1.45mi
7338 Whipple St Unit 10 Swissvale, PA	1.0	1.0	685	$920	$1.34	23d	1	1.45mi
7122 Harrison Ave Unit 1 Pittsburgh, PA	1.0	1.0	820	$1,100	$1.34	16d	1	1.46mi
227 Parklane Dr Unit Parklane Dr unit North Braddock, PA	3.0	1.0	1107	$1,500	$1.36	12d	1	1.50mi

Listing history 23 events

1. 2026-03-19
   price $65,900 275-char remark

   Show marketing remark (275 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, affordable and manageable for first time home buyers or investors. The kitchen was renovated last year. The property is not far from the waterfront, giving potential prospects plenty to do in the area.

2. 2026-02-25
   price $69,900 275-char remark

   Show marketing remark (275 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, affordable and manageable for first time home buyers or investors. The kitchen was renovated last year. The property is not far from the waterfront, giving potential prospects plenty to do in the area.

3. 2026-02-25
   status Active 275-char remark

   Show marketing remark (275 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, affordable and manageable for first time home buyers or investors. The kitchen was renovated last year. The property is not far from the waterfront, giving potential prospects plenty to do in the area.

4. 2025-12-07
   listed $60,000 Active 275-char remark

   Show marketing remark (275 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, affordable and manageable for first time home buyers or investors. The kitchen was renovated last year. The property is not far from the waterfront, giving potential prospects plenty to do in the area.

5. 2024-08-08
   price $73,000 395-char remark

   Show marketing remark (395 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, perfect for a first time homebuyer or investor. The kitchen was renovated last year. Hot water tank installed within the last couple of years. The property is not far from the waterfront, giving potential prospects plenty to do in the area such as the movies, Dave & Buster's, many restaurants and even the Improve.

6. 2024-07-30
   listed $70,000 Active 395-char remark

   Show marketing remark (395 chars)

   Check out this 2 bedroom, 1 bath single family home located in Rankin PA, perfect for a first time homebuyer or investor. The kitchen was renovated last year. Hot water tank installed within the last couple of years. The property is not far from the waterfront, giving potential prospects plenty to do in the area such as the movies, Dave & Buster's, many restaurants and even the Improve.

7. 2023-06-27
   historical
8. 2023-01-19
   soldstatus $38,000
9. 2023-01-17
   status Pending
10. 2023-01-13
    soldstatus $38,000 Closed
11. 2022-12-20
    historical Contingent
12. 2022-10-20
    status Active
13. 2022-10-11
    historical Contingent
14. 2022-10-05
    status Active
15. 2022-09-29
    price $45,000
16. 2022-09-29
    status Active
17. 2022-08-23
    price $45
18. 2022-08-04
    listed $50,000 Active
19. 2013-12-26
    soldstatus $28,000
20. 2008-12-22
    soldstatus $9,000
21. 2008-12-18
    soldstatus $9,000
22. 2008-06-30
    listed $15,000
23. 1984-02-02
    soldstatus $12,000

ⓘ 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: $653 · $54/mo
• Projected year-2 tax: $847 · $71/mo
• Expected delta: +$194/yr (+$16/mo · 29.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,312
• − Mortgage interest: −$3,691
• − Property taxes: −$653
• − Insurance: −$996
• − Repairs & maintenance: −$1,065
• − Management: −$1,065
• − Depreciation: −$1,917
• Taxable income: $3,925
• Est. tax owed @ 24.0%: −$942
• After-tax cash flow: $3,779/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: Woodland Hills SD
• NCES district ID: 4216500
• Math proficiency: 13% ▼ -13.00%
• Reading proficiency: 30% ▼ -10.00%
• Median HH income: $41,803
• Composite: 18.31/100
• National rank: #8954
• State rank: #486 of 539 in PA

Livability — Rankin

• Score: 75/100
• State rank: #431
• US rank: #3947

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rankin, PA
• County: Allegheny County · 1,022,028 people
• City population: 8,034
• Metro: Pittsburgh, PA
• Population (ZIP): 8,034
• Household income: $40,104
• Rent vs Own: 56.3% rent · 43.7% own
• Severe rent burden: 515.0

Population outlook (Allegheny County) Hauer SSP2

• Today (2025): 1,250,282 people
• By 2030: 1,256,482 · +0.5%
• By 2040: 1,256,318 · +0.5%
• By 2050: 1,244,169 · -0.5%
• By 2075: 1,197,693 · -4.2%
• By 2100: 1,093,187 · -12.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 31% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Hispanic 1% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Allegheny

• 2024 margin: Strong D (+20.3) · D 59.7% · R 39.4%
• 2008→2024 swing: +4.8pp toward D · 2008: 15.5pp · 2024: 20.3pp
• All cycles: 2024: D+20.3 2020: D+20.4 2016: D+16.4 2012: D+14.4 2008: D+15.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.62%
• Current HPI: 138.912
• Rent YoY: —
• Metro: Pittsburgh, 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

+449.2% since first listed

23 events — show timeline

• 2026-03-19 Price Changed $65,900 West Penn MLS
• 2026-02-25 Price Changed $69,900 West Penn MLS
• 2026-02-25 Relisted — West Penn MLS
• 2025-12-07 Listed $60,000 West Penn MLS
• 2024-08-08 Price Changed $73,000 West Penn MLS
• 2024-07-30 Listed $70,000 West Penn MLS
• 2023-06-27 Rental Removed — TURBOTENANT
• 2023-01-19 Sold (Public Records) $38,000 Public Records
• 2023-01-17 Pending — West Penn MLS
• 2023-01-13 Sold (MLS) $38,000 West Penn MLS
• 2022-12-20 Contingent — West Penn MLS
• 2022-10-20 Relisted — West Penn MLS
• 2022-10-11 Contingent — West Penn MLS
• 2022-10-05 Relisted — West Penn MLS
• 2022-09-29 Price Changed $45,000 West Penn MLS
• 2022-09-29 Relisted — West Penn MLS
• 2022-08-23 Price Changed $45 West Penn MLS
• 2022-08-04 Listed $50,000 West Penn MLS
• 2013-12-26 Sold (Public Records) $28,000 Public Records
• 2008-12-22 Sold (Public Records) $9,000 Public Records
• 2008-12-18 Sold (MLS) $9,000 West Penn MLS
• 2008-06-30 Listed $15,000 West Penn MLS
• 1984-02-02 Sold (Public Records) $12,000 Public Records

Property tax history

+2.0%/yr

Latest (2026): $653 · +3.0% YoY. Source: county tax records.