303 N 3rd St · Indiana, PA 15701

$79,000

3 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 5 Days on market

Built 1948 5,401 sqft lot $73/sqft · 43% below area Est $138k · 43% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +8.0/10.0
• Schools +4.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great starter home or investment house! – This two-bedroom home features a unique steel construction interior, newer roof and a large one car detached garage. This home is in a desirable, residential neighborhood in the first ward of Indiana.

Key facts

• Newer roof
• Detached garage
• 5,401 sq ft lot

Tags

• STEEL CONSTRUCTION INTERIOR
• NEWER ROOF
• DETACHED GARAGE
• RESIDENTIAL NEIGHBORHOOD

Property features AI

Exterior

• Parking: Detached garage; 1 parking space
• Utilities: Public water; Public sewer
• Home design: Single-story; Resale property
• Construction: Metal roof
• Exterior features: Lot dimensions approximately 60 x 90; Lot area about 0.124 acres

Interior

• Kitchen: Refrigerator; Stove
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Gas heating; Heating present
• Interior features: Carpet flooring; Tile flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $178 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Cap rate 9.0% vs local median 2.2% in Indiana — 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 75/100 on livability (#429 in PA, #3,920 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F, employment F.
• Indiana Area SD (town): math 49% / reading 67% proficiency, ranked #96 of 539 in PA (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 94 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 44 units permitted in Indiana County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Indiana County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,000

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
5. 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.
6. 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.
7. 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: 1.30% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.67%
• DSCR: 1.43
• GRM: 6.4

CMA / ARV

• ARV (median comp): $138,332
• List price: $79,000
• Delta: -42.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
270 Charles St	0.14mi	3/2.5	1,144 (+6%)	6mo	$149,000	$130	72
336 N Taylor Ave	0.35mi	2/1.0 (-1)	1,056 (-2%)	6mo	$109,000	$103	69
136 School St	0.51mi	3/1.0	1,008 (-7%)	0mo	$87,500	$87	65
107 N Second St	0.23mi	3/1.5	1,228 (+14%)	7mo	$162,000	$132	59
156 Gompers Ave	0.39mi	2/1.0 (-1)	960 (-11%)	1mo	$143,100	$149	58
395 Elm St	0.72mi	3/1.0	1,144 (+6%)	3mo	$165,445	$145	54
452 Washington St	0.58mi	3/1.5	1,080 (0%)	22mo	$63,500	$59	52
326 S 3rd St	0.54mi	2/1.0 (-1)	1,059 (-2%)	22mo	$84,000	$79	48
367 Oak St	0.14mi	2/1.5 (-1)	936 (-13%)	22mo	$78,800	$84	46
201 Locust St	0.63mi	2/1.0 (-1)	936 (-13%)	0mo	$145,000	$155	43
289 East Pike Rd	0.62mi	2/2.0 (-1)	1,120 (+4%)	16mo	$132,000	$118	42
210 Church Ave	0.57mi	2/1.0 (-1)	960 (-11%)	9mo	$150,000	$156	42

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: -1.6%
• Equity multiple: 0.94×
• Total profit: $-1,373
• Equity at exit: $11,779

10-year hold

• IRR: 8.1%
• Equity multiple: 1.62×
• Total profit: $13,712
• Equity at exit: $6,830

Cash invested: $22,120 (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 15701

• Home prices YoY: -26.2%
• Active inventory: 94
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,028 high
• Mortgage (P&I): −$414
• Tax from tax record: −$186 /mo · $2,238/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $178

Break-even live

Break-even rent $802

Max offer price $79,000

Occupancy floor 78%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
561 Water St Unit First Floor Indiana, PA	4.0	1.0	1200	$1,200	$1.00	44d	1	0.40mi
670 N 5th Ave Indiana, PA	3.0	1.0	865	$1,200	$1.39	44d	1	0.43mi
245 S 7th St Indiana, PA	3.0	1.0	1080	$839	$0.78	44d	1	0.75mi
207 S 10th St Indiana, PA	3.0	2.0	944	$1,100	$1.17	44d	1	0.92mi
845 W Maple St unit 845 Maple St 13 A Indiana, PA	2.0	1.0	900	$550	$0.61	44d	1	1.13mi
1215 Maple St Indiana, PA	2.0	1.0	770	$750	$0.97	44d	1	1.36mi
1243 Oakland Ave Indiana, PA	2.0	1.0	750	$498	$0.66	44d	1	1.37mi
1227 W Maple St Indiana, PA	2.0–5.0	1.0–2.5	990	$450	$0.45	44d	1	1.38mi

Listing history 2 events

1. 2026-05-18
   status Pending 248-char remark
2. 2026-05-12
   listed $79,000 Active 248-char remark

ⓘ 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: $2,238 · $186/mo
• Projected year-2 tax: $2,238 · $186/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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,335
• − Mortgage interest: −$4,425
• − Property taxes: −$2,238
• − Insurance: −$395
• − Repairs & maintenance: −$987
• − Management: −$987
• − Depreciation: −$2,298
• Taxable income: $1,005
• Est. tax owed @ 24.0%: −$241
• After-tax cash flow: $1,899/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: Indiana Area SD
• NCES district ID: 4212150
• Math proficiency: 49% ▼ -9.00%
• Reading proficiency: 67% ▼ -8.00%
• Median HH income: $40,558
• Composite: 48.44/100
• National rank: #2133
• State rank: #96 of 539 in PA

Livability — Indiana

• Score: 75/100
• State rank: #429
• US rank: #3920

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indiana, PA
• County: Indiana County · 31,269 people
• City population: 31,269
• Metro: Indiana, PA
• Population (ZIP): 31,269
• Household income: $56,311
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 1590.0

Population outlook (Indiana County) Hauer SSP2

• Today (2025): 84,294 people
• By 2030: 81,773 · -3.0%
• By 2040: 75,213 · -10.8%
• By 2050: 69,348 · -17.7%
• By 2075: 57,951 · -31.3%
• By 2100: 47,313 · -43.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 4% Two or more races 3% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 7% Serbian 3% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Other Indo-European 2% Arabic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Indiana

• 2024 margin: Solid R (+39.1) · D 30.1% · R 69.2%
• 2008→2024 swing: -32.0pp toward R · 2008: -7.1pp · 2024: -39.1pp
• All cycles: 2024: R+39.1 2020: R+37.5 2016: R+35.6 2012: R+18.8 2008: R+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.33%
• Current HPI: 167.0982
• Rent YoY: —
• Metro: Indiana, 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

2 events — show timeline

• 2026-05-18 Pending — West Penn MLS
• 2026-05-12 Listed $79,000 West Penn MLS

Property tax history

+0.5%/yr

Latest (2026): $2,238 · +1.7% YoY. Source: county tax records.