167 Rockdale Rd · Black, PA 15557

$15,000

3 bd · 1.0 ba · 1,320 sqft · SingleFamily public records · 1 Days on market

Built 1906 7,405 sqft lot ↓ 6% since listing

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Why this score? — see what drove the C- 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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

Key facts

• High ceilings
• Original woodwork
• Classic layout

Tags

• HIGH CEILINGS
• ORIGINAL WOODWORK
• CLASSIC LAYOUT
• ROCKWOOD AREA SCHOOL DISTRICT
• ROCKWOOD GAP TRAILHEAD
• SOLID STRUCTURE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Rockwood Area SD (rural): math 33% / reading 65% proficiency, ranked #204 of 539 in PA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 21 active listings in the ZIP; 78 units permitted in Somerset County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $596 of equity ($104 loan paydown + $492 appreciation (3.3% local appreciation)).
• Somerset County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.3% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $24k (62%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $10k; list at $15k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $15,000

Questions for the listing agent

1. Built in 1906 — 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. 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.
5. 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.
6. 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: 7.94% ✓
• Cap rate: 72.29%
• Cash-on-cash: 235.70%
• DSCR: 11.49
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $116,160
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
357 Main St	0.31mi	3/1.5	1,350 (+2%)	21mo	$118,500	$88	62

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

Projected returns pro-forma

3.28% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 14.00×
• Total profit: $54,595
• Equity at exit: $6,981

10-year hold

• IRR: —
• Equity multiple: 29.69×
• Total profit: $120,486
• Equity at exit: $10,945

Cash invested: $4,200 (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 15557

• Home prices YoY: 2.2%
• Active inventory: 21
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,192 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$32 /mo · $379/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $825

Break-even live

Break-even rent $147

Max offer price $15,000

Occupancy floor 26%

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on marketlisting id $15,000 Active 1 DOM
2. 2026-06-18
   listing id $15,000 Active 296 DOM
3. 2026-06-17
   days on market $15,000 Active 296 DOM
4. 2026-06-16
   days on market $15,000 Active 295 DOM
5. 2026-06-15
   days on market $15,000 Active 294 DOM
6. 2026-06-13
   days on market $15,000 Active 292 DOM
7. 2026-06-12
   status $15,000 Active 291 DOM
8. 2026-04-06
   status Pending

   Show marketing remark (617 chars)

   Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

9. 2026-04-06
   status Pending 617-char remark

   Show marketing remark (617 chars)

   Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

10. 2026-03-09
    price $15,000 617-char remark

    Show marketing remark (617 chars)

    Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

11. 2026-03-09
    price $15,000

    Show marketing remark (617 chars)

    Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

12. 2025-06-18
    listed $39,000 Active

    Show marketing remark (617 chars)

    Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

13. 2025-06-18
    listed $39,000 Active 617-char remark

    Show marketing remark (617 chars)

    Built in 1906 and packed with original details, this 3-bedroom, 1-bath home is waiting for someone with vision and grit. At 1,320 sq ft, the bones are here. High ceilings, original woodwork, and a classic layout-just ready to be brought back to life. Located in Black Township within the Rockwood Area School District, this home sits close to the Rockwood GAP Trailhead, offering nearby outdoor adventure while remaining tucked into a residential pocket. It requires a full renovation, but offers a solid structure and a great deal of potential. Being sold as-is. Bring your ideas. And maybe your favorite contractor.

14. 2020-07-16
    soldstatus $10,000
15. 2020-07-16
    soldstatus $10,000
16. 2020-05-18
    listed $16,000
17. 2020-05-18
    listed $16,000
18. 2019-03-13
    listed $16,000
19. 2019-03-13
    listed $25,000

ⓘ 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: $379 · $32/mo
• Projected year-2 tax: $379 · $32/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥90°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,300
• − Mortgage interest: −$840
• − Property taxes: −$379
• − Insurance: −$75
• − Repairs & maintenance: −$1,144
• − Management: −$1,144
• − Depreciation: −$436
• Taxable income: $10,282
• Est. tax owed @ 24.0%: −$2,468
• After-tax cash flow: $7,432/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: Rockwood Area SD
• NCES district ID: 4220520
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 65% ▼ -6.00%
• Median HH income: $46,868
• Composite: 41.53/100
• National rank: #3450
• State rank: #204 of 539 in PA

Livability — Black

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 3,430

Population outlook (Somerset County) Hauer SSP2

• Today (2025): 71,318 people
• By 2030: 68,555 · -3.9%
• By 2040: 62,447 · -12.4%
• By 2050: 56,437 · -20.9%
• By 2075: 44,453 · -37.7%
• By 2100: 32,408 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Hispanic / Latino 1% Two or more races 1%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Spanish 1%

Political lean MEDSL · Somerset

• 2024 margin: Solid R (+57.2) · D 21.0% · R 78.3%
• 2008→2024 swing: -32.2pp toward R · 2008: -25.0pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+56.3 2016: R+55.9 2012: R+42.9 2008: R+25.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.28%
• Current HPI: 154.2951
• Rent YoY: —
• Metro: —
• 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

-6.2% since first listed

12 events — show timeline

• 2026-04-06 Pending — West Penn MLS
• 2026-04-06 Pending — CSMLS
• 2026-03-09 Price Changed $15,000 CSMLS
• 2026-03-09 Price Changed $15,000 West Penn MLS
• 2025-06-18 Listed $39,000 CSMLS
• 2025-06-18 Listed $39,000 West Penn MLS
• 2020-07-16 Sold (MLS) $10,000 West Penn MLS
• 2020-07-16 Sold (MLS) $10,000 CSMLS
• 2020-05-18 Listed $16,000 West Penn MLS
• 2020-05-18 Listed $16,000 CSMLS
• 2019-03-13 Listed $25,000 West Penn MLS
• 2019-03-13 Listed $16,000 CSMLS

Property tax history

+1.3%/yr

Latest (2026): $379 · +2.4% YoY. Source: county tax records.