611 Calais Dr #4204 · Franklin Park, PA 15237

$137,500

1 bd · 1.0 ba · 767 sqft · Condo public records · 4 Days on market

Built 1975 $337/mo HOA · 22% of rent

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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 +11.2/30.0
• ARV discount +7.5/15.0
• Schools +6.6/10.0
• 1% rule +6.1/10.0
• DSCR +3.3/10.0
• Livability +3.3/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Experience easy, maintenance-free living in the highly desirable Calais Village community. This inviting condo offers a bright open floor plan complemented by neutral decor throughout. The sun-filled living and dining areas feature double glass doors that open to a spacious covered balcony—perfect for relaxing or entertaining. The fully equipped kitchen provides both functionality and convenience. The generously sized primary bedroom includes a large double-door closet, while the updated bathroom and additional hall closet offer excellent storage space. Additional conveniences include a security intercom system and garage parking for a truly low-maintenance lifestyle. Enjoy the peacef

Key facts

• Open floor plan
• Covered balcony
• Community pool

Tags

• OPEN FLOOR PLAN
• COVERED BALCONY
• FULLY EQUIPPED KITCHEN
• UPDATED BATHROOM
• SECURITY INTERCOM SYSTEM
• COMMUNITY POOL

Property features AI

Finance

• HOA & community: Monthly association fee of $337

Exterior

• Parking: 1 parking space
• Utilities: Public water; Public sewer
• Home design: Condominium (unit); Resale property
• Construction: Brick and vinyl siding exterior; Asphalt roof
• Exterior features: Private pool

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stove; Some electric appliances
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Gas heating
• Interior features: Carpet flooring; Resale condition

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $138k.

Deal economics

• At list price, monthly cash flow is $-54 ($-649/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (6.9% below list).
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $128k (6.9% below list) — sets the bar for cash-flow.
• Cap rate 5.8% vs local median 2.4% in Franklin Park — 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 66/100 on livability (#1,070 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• North Allegheny SD (suburban): math 64% / reading 82% proficiency, ranked #14 of 539 in PA (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 4% free/reduced lunch — higher-income household profile.
• Zoned schools: Mcknight El Sch (math 61% / reading 74%, grade B+, #192 of 1,518 statewide, top 13%, 798 students, 16% FRL); Ingomar Ms (math 48% / reading 80%, grade B+, #26 of 512 statewide, top 5%, 572 students, 6% FRL); North Allegheny Hs (math 81%, 2,666 students, 8% FRL).
• Market conditions: Rents rising (+2.2%/yr); 107 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).
• This rent is only 17% of the median local income ($110k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $951 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $60k; list at $138k implies a 129% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $127,953 (6.9% 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. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-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. 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 5.82%
• Cash-on-cash: -1.68%
• DSCR: 0.93
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.16% rent growth · sell at horizon

5-year hold

• IRR: -20.1%
• Equity multiple: 0.30×
• Total profit: $-26,790
• Equity at exit: $20,502

10-year hold

• IRR: -15.4%
• Equity multiple: 0.17×
• Total profit: $-32,059
• Equity at exit: $11,888

Cash invested: $38,500 (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 15237

• Rents YoY: 2.2%
• Active inventory: 107
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,528 medium
• Mortgage (P&I): −$721
• Tax from tax record: −$146 /mo · $1,754/yr
• Insurance: −$57
• HOA: −$337
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-54

Break-even live

Break-even rent $1,597

Max offer price $127,953

Occupancy floor 99%

Sensitivity live

Price	-10% $24	-5% $-15	+0% $-54	+5% $-93	+10% $-132
Rent	-10% $-175	-5% $-114	+0% $-54	+5% $6	+10% $67
Rate	-1.0pp $15	-0.5pp $-19	base $-54	+0.5pp $-90	+1.0pp $-126

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: $34,375
• Closing costs: $4,125
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
553 Sloop Rd #48 Pittsburgh, PA	2.0	1.5	1001	$1,699	$1.70	46d	1	0.17mi
1050 N 19 Dr Pittsburgh, PA	1.0–2.0	1.0–1.5	890	$1,370	$1.54	4d	7	0.66mi
425 Cumberland Rd Pittsburgh, PA	2.0	1.0	875	$1,350	$1.54	0d	1	1.30mi

HOA detail condo

• Monthly dues: $337 · $4,044/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-05-12
   status Pending
2. 2026-05-08
   listed $137,500 Active
3. 2015-05-27
   soldstatus $60,000
4. 1998-06-04
   soldstatus $54,900
5. 1992-08-14
   soldstatus $44,000

ⓘ 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: $1,754 · $146/mo
• Projected year-2 tax: $1,963 · $164/mo
• Expected delta: +$209/yr (+$17/mo · 11.9%)

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

Taxation est. · year 1

• Rental income: $18,341
• − Mortgage interest: −$7,702
• − Property taxes: −$1,754
• − Insurance: −$688
• − Repairs & maintenance: −$1,467
• − Management: −$1,467
• − HOA: −$4,044
• − Depreciation: −$4,000
• Taxable loss: −$2,781
• Est. tax savings @ 24.0%: +$667
• After-tax cash flow: $19/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: North Allegheny SD
• NCES district ID: 4217010
• Math proficiency: 64% ▼ -7.00%
• Reading proficiency: 82% ▼ -4.00%
• Median HH income: $92,518
• Composite: 65.85/100
• National rank: #452
• State rank: #14 of 539 in PA

Livability — Franklin Park

• Score: 66/100
• State rank: #1070
• US rank: #12082

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Allegheny County · 1,022,028 people
• Metro: Pittsburgh, PA
• Population (ZIP): 43,588
• Household income: $109,895
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 693.0

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: Predominantly White (88%)
• Race & ethnicity: White 88% Asian 6% Two or more races 3% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 8% Italian 2% Slovak 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 90% English-only · Other Indo-European 2% Chinese 2% 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: ▼ -218.78%
• Current HPI: 269.5446
• Rent YoY: ▲ 2.16%
• 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

+212.5% since first listed

5 events — show timeline

• 2026-05-12 Pending — West Penn MLS
• 2026-05-08 Listed $137,500 West Penn MLS
• 2015-05-27 Sold (Public Records) $60,000 Public Records
• 1998-06-04 Sold (Public Records) $54,900 Public Records
• 1992-08-14 Sold (Public Records) $44,000 Public Records

Property tax history

+4.3%/yr

Latest (2026): $1,754 · +0.0% YoY. Source: county tax records.