31 N 3rd St · Darby, PA 19023

$135,000

3 bd · 1.0 ba · 1,077 sqft · Townhouse public records · 32 Days on market

Built 1920 1,307 sqft lot $125/sqft · 14% below area Est $157k · 14% 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 +24.8/30.0
• ARV discount +13.9/15.0
• DSCR +8.0/10.0
• 1% rule +6.9/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Darby Row Is In Move-In Condition!! Within the last few years, there has been a new kitchen and new bathroom added! Newer Heater & Hot Water Heater! Currently tenant occupied on a month to month lease paying $900/month. Bank Owned. Sold As-Is. Seller makes no representations or warranties as to condition. Buyer is responsible for obtaining U & O certification. This move-in ready home is a great deal for first-time homebuyers or a solid turnkey rental for investors!

Key facts

• Built 1920
• Listed 32 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; 100 amp electric service; Natural gas hot water
• Home design: Interior townhouse/rowhouse; 2 total levels; Building not winterized; Flat roof
• Construction: Brick construction; Concrete perimeter foundation; Effective remodel in 2006 (per assessor); Year built source: assessor
• Exterior features: Porch(es); Lot dimensions approximately 15 x 70; Not in a federal flood zone; Paved public road; city/county road responsibility

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: 3 bedrooms on the first upper level
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Natural gas fuel
• Interior features: Dining area; 6 total rooms (living room, dining room, kitchen, 3 bedrooms, full bath); Full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $135k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 6.3% in Darby — 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 74/100 on livability (#485 in PA, #4,468 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities D+, employment D, schools F.
• William Penn SD (suburban): math 11% / reading 28% proficiency, ranked #491 of 539 in PA (top 91%) — 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: Rents rising fast (+13.1%/yr); 99 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 299 units permitted in Delaware County in 2024 (5 in 5+ unit buildings).
• This rent runs 42% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y 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 $20k; list at $135k implies a 575% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.19% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.05%
• DSCR: 1.40
• GRM: 7.0

CMA / ARV

• ARV (median comp): $157,248
• List price: $135,000
• Delta: -14.15%
• 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
422 Darby Ter	0.12mi	3/1.0	1,006 (-7%)	0mo	$185,000	$184	83
224 N 2nd St	0.16mi	3/1.0	992 (-8%)	2mo	$190,000	$192	78
456 S 2nd St	0.49mi	3/1.0	1,072 (-0%)	2mo	$189,000	$176	75
7275 Saybrook Ave	0.32mi	3/1.5	1,124 (+4%)	3mo	$136,500	$121	73
318 Fern St	0.11mi	2/1.0 (-1)	952 (-12%)	2mo	$105,000	$110	69
2426 S Rosella St	0.53mi	3/1.5	1,090 (+1%)	3mo	$237,500	$218	69
4 S 6th St	0.25mi	3/1.5	1,210 (+12%)	2mo	$209,000	$173	64
217 N 7th St	0.32mi	3/2.0	1,188 (+10%)	1mo	$140,000	$118	63
219 Laurel Rd	0.71mi	2/1.0 (-1)	1,068 (-1%)	2mo	$160,000	$150	59
7327 Dicks Ave	0.73mi	3/1.5	1,120 (+4%)	1mo	$179,900	$161	56
902 Maple Ter	0.52mi	3/1.0	1,234 (+15%)	0mo	$114,000	$92	51
2636 S 72nd St	0.74mi	3/2.0	1,008 (-6%)	3mo	$240,000	$238	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.13×
• Total profit: $4,858
• Equity at exit: $20,129

10-year hold

• IRR: 17.2%
• Equity multiple: 2.76×
• Total profit: $66,635
• Equity at exit: $11,672

Cash invested: $37,800 (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 19023

• Rents YoY: 13.1%
• Active inventory: 99
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,613 high
• Mortgage (P&I): −$708
• Tax from tax record: −$225 /mo · $2,699/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $285

Break-even live

Break-even rent $1,252

Max offer price $135,000

Occupancy floor 77%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
300 N Front St Darby, PA	2.0	1.0	850	$1,395	$1.64	44d	1	0.18mi
106 N 6th St Darby, PA	2.0	1.0	1200	$1,550	$1.29	44d	1	0.24mi
69 S 7th St Darby, PA	3.0	2.0	1446	$1,700	$1.18	44d	1	0.41mi
412 S 2nd St Darby, PA	3.0	1.0	1190	$1,100	$0.92	5d	1	0.44mi
417 S 2nd St Darby, PA	3.0	1.0	1190	$1,020	$0.86	5d	1	0.47mi
700 Pine St Unit 2F Darby, PA	2.0	1.0	1100	$1,250	$1.14	18d	1	0.51mi
924 Maple Ter Darby, PA	3.0	1.5	1190	$2,000	$1.68	5d	1	0.54mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	5d	1	0.55mi
935 Maple Ter Darby, PA	3.0	1.0	1266	$1,585	$1.25	11d	1	0.55mi
209 Hamilton Ave Darby, PA	4.0	1.0	1400	$1,595	$1.14	15d	1	0.58mi
909 Springfield Rd Unit D Darby, PA	4.0	1.0	900	$1,600	$1.78	44d	1	0.67mi
601 Poplar St Sharon Hill, PA	1.0–2.0	1.0	787	$1,599	$2.03	15d	5	0.84mi
1300 Main St Unit Basement Darby, PA	2.0	1.0	800	$1,450	$1.81	11d	1	0.88mi
1300 Main St Unit Basement Darby, PA	2.0	1.0	1000	$1,450	$1.45	24d	1	0.88mi
810 Rundale Ave Lansdowne, PA	2.0	1.0	868	$1,500	$1.73	24d	1	0.92mi
2 Winthrop Rd Darby, PA	3.0	1.5	1224	$1,900	$1.55	22d	1	0.99mi
37 Concord Rd Darby, PA	3.0	1.0	1120	$1,795	$1.60	44d	1	1.01mi
826 Guenther Ave Lansdowne, PA	2.0	1.0–2.0	800	$1,699	$2.12	24d	1	1.09mi
608 Yeadon Ave Unit 1st Floor Yeadon, PA	2.0	1.0	1000	$1,400	$1.40	18d	1	1.23mi
608 Yeadon Ave Unit 2nd Floor Yeadon, PA	2.0	1.0	1000	$1,400	$1.40	13d	1	1.23mi
619 Baily Rd Lansdowne, PA	3.0	1.0	1288	$1,850	$1.44	18d	1	1.25mi
118 Felton Ave Darby, PA	3.0	1.0	1152	$1,750	$1.52	22d	1	1.31mi
504 S Lansdowne Ave Lansdowne, PA	2.0	1.0	815	$1,555	$1.91	1d	4	1.32mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,450	$2.40	24d	1	1.35mi
112 Juliana Ter Darby, PA	3.0	1.0	1020	$2,350	$2.30	44d	1	1.35mi

Listing history 30 events

1. 2026-06-18
   status $135,000 Pending 32 DOM
2. 2026-06-18
   days on market $135,000 Active 32 DOM
3. 2026-06-17
   days on market $135,000 Active 31 DOM
4. 2026-06-16
   days on market $135,000 Active 30 DOM
5. 2026-06-15
   days on market $135,000 Active 29 DOM
6. 2026-06-13
   days on market $135,000 Active 27 DOM
7. 2026-06-13
   days on market $135,000 Active 26 DOM
8. 2026-06-09
   days on market $135,000 Active 23 DOM
9. 2026-06-08
   days on market $135,000 Active 22 DOM
10. 2026-06-07
    days on market $135,000 Active 21 DOM
11. 2026-06-04
    days on market $135,000 Active 18 DOM
12. 2026-06-03
    days on market $135,000 Active 17 DOM
13. 2026-06-02
    days on market $135,000 Active 16 DOM
14. 2026-06-01
    days on market $135,000 Active 15 DOM
15. 2026-05-31
    days on market $135,000 Active 14 DOM
16. 2026-05-18
    listed $135,000 Active 1911-char remark
17. 2026-05-15
    historical $135,000 1911-char remark
18. 2011-07-19
    historical
19. 2011-05-15
    listed $45,000
20. 2010-02-19
    soldstatus $20,000

    Show marketing remark (482 chars)

    This Darby Row Is In Move-In Condition!! Within the last few years, there has been a new kitchen and new bathroom added! Newer Heater & Hot Water Heater! Currently tenant occupied on a month to month lease paying $900/month. Bank Owned. Sold As-Is. Seller makes no representations or warranties as to condition. Buyer is responsible for obtaining U & O certification. This move-in ready home is a great deal for first-time homebuyers or a solid turnkey rental for investors!

21. 2010-02-19
    soldstatus $20,000

    Show marketing remark (482 chars)

    This Darby Row Is In Move-In Condition!! Within the last few years, there has been a new kitchen and new bathroom added! Newer Heater & Hot Water Heater! Currently tenant occupied on a month to month lease paying $900/month. Bank Owned. Sold As-Is. Seller makes no representations or warranties as to condition. Buyer is responsible for obtaining U & O certification. This move-in ready home is a great deal for first-time homebuyers or a solid turnkey rental for investors!

22. 2009-12-17
    historical
23. 2009-05-04
    listed $25,000

    Show marketing remark (482 chars)

    This Darby Row Is In Move-In Condition!! Within the last few years, there has been a new kitchen and new bathroom added! Newer Heater & Hot Water Heater! Currently tenant occupied on a month to month lease paying $900/month. Bank Owned. Sold As-Is. Seller makes no representations or warranties as to condition. Buyer is responsible for obtaining U & O certification. This move-in ready home is a great deal for first-time homebuyers or a solid turnkey rental for investors!

24. 2009-05-04
    listed $25,000

    Show marketing remark (482 chars)

    This Darby Row Is In Move-In Condition!! Within the last few years, there has been a new kitchen and new bathroom added! Newer Heater & Hot Water Heater! Currently tenant occupied on a month to month lease paying $900/month. Bank Owned. Sold As-Is. Seller makes no representations or warranties as to condition. Buyer is responsible for obtaining U & O certification. This move-in ready home is a great deal for first-time homebuyers or a solid turnkey rental for investors!

25. 2006-08-25
    historical
26. 2006-08-01
    listed $69,900
27. 2001-02-01
    soldstatus $45,000
28. 1999-07-20
    soldstatus $13,750
29. 1999-06-17
    historical
30. 1999-06-06
    listed $13,750

ⓘ 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: $2,699 · $225/mo
• Projected year-2 tax: $2,699 · $225/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,354
• − Mortgage interest: −$7,562
• − Property taxes: −$2,699
• − Insurance: −$675
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$3,927
• Taxable income: $1,394
• Est. tax owed @ 24.0%: −$334
• After-tax cash flow: $3,085/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: William Penn SD
• NCES district ID: 4226390
• Math proficiency: 11% ▼ -3.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $48,543
• Composite: 17.29/100
• National rank: #9086
• State rank: #491 of 539 in PA

Livability — Darby

• Score: 74/100
• State rank: #485
• US rank: #4468

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Darby, PA
• County: Delaware County · 399,863 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 22,247
• Household income: $46,463
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 1468.0

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 Black (76%)
• Race & ethnicity: Black 76% White 15% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Swiss 5% Hispanic 1% Romanian 1%
• Foreign-born: 18% · Canada
• Languages at home: 84% English-only · French/Haitian/Cajun 4% Spanish 3% Other Asian/Pacific 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: ▼ -190.50%
• Current HPI: 277.7034
• Rent YoY: ▲ 13.10%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+881.8% since first listed

15 events — show timeline

• 2026-05-18 Listed $135,000 BRIGHT MLS
• 2026-05-15 Coming Soon $135,000 BRIGHT MLS
• 2011-07-19 Listing Removed — BRIGHT MLS
• 2011-05-15 Listed $45,000 BRIGHT MLS
• 2010-02-19 Sold (MLS) $20,000 BRIGHT MLS
• 2010-02-19 Sold (MLS) $20,000 TREND
• 2009-12-17 Listing Removed — BRIGHT MLS
• 2009-05-04 Listed $25,000 BRIGHT MLS
• 2009-05-04 Listed $25,000 TREND
• 2006-08-25 Listing Removed — BRIGHT MLS
• 2006-08-01 Listed $69,900 BRIGHT MLS
• 2001-02-01 Sold (Public Records) $45,000 Public Records
• 1999-07-20 Sold (MLS) $13,750 BRIGHT MLS
• 1999-06-17 Listing Removed — BRIGHT MLS
• 1999-06-06 Listed $13,750 BRIGHT MLS

Property tax history

+1.2%/yr

Latest (2026): $2,699 · -0.5% YoY. Source: county tax records.