111 Vine St · Harrisburg, PA 17104

$45,000

2 bd · 2.0 ba · 1,110 sqft · SingleFamily public records · 25 Days on market

Built 1900 871 sqft lot ↓ 10% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location! This house is conveniently located just a few steps from the hospital and all that downtown Harrisburg has to offer! Easy access to interstate 83, a short walk to the River Front Capital Area Green Belt and so much more! Put your personal touches on the home, get some sweat equity and have a fantastic investment in downtown Harrisburg!

Key facts

• Built 1900
• Listed 25 days

Property features AI

Finance

• Financial info: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Detached property; Finished above-grade area recorded by assessor
• Construction: Brick construction; Other foundation type; Above-grade and below-grade structures
• Exterior features: Not in a tidal water area; Located in a federal flood zone

Interior

• Bedrooms: One bedroom on the main level; One bedroom on the upper level
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Other heating system; Other heating fuel; Other hot water system
• Interior features: Unfinished basement; Two or more access exits

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.
• Cap rate 27.7% vs local median 6.6% in Harrisburg — 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 84/100 on livability (#107 in PA, #826 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Harrisburg City SD (urban): math 6% / reading 13% proficiency, ranked #535 of 539 in PA (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Harrisburg Hs (math 24% / reading 10%, grade F, #399 of 437 statewide, top 92%, 1,230 students, 100% FRL) — zoned schools average 100% FRL vs 82% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.4%/yr); 67 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).
• This rent runs 37% of the median local income ($47k/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 $311 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.4% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $29k; list at $45k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,325 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 3.19% ✓
• Cap rate: 27.74%
• Cash-on-cash: 76.60%
• DSCR: 4.41
• GRM: 2.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.43% rent growth · sell at horizon

5-year hold

• IRR: 31.0%
• Equity multiple: 2.35×
• Total profit: $17,018
• Equity at exit: $6,710

10-year hold

• IRR: 39.7%
• Equity multiple: 5.22×
• Total profit: $53,147
• Equity at exit: $3,891

Cash invested: $12,600 (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 17104

• Home prices YoY: -6.3%
• Rents YoY: 4.4%
• Active inventory: 67
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,435 high
• Mortgage (P&I): −$236
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$19
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $344

Break-even live

Break-even rent $999

Max offer price $45,000

Occupancy floor 71%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 S Court St Harrisburg, PA	1.0–3.0	1.0–2.5	950	$1,588	$1.67	13d	14	0.17mi
101 S 2nd St Harrisburg, PA	2.0	1.0	736	$1,749	$2.37	13d	32	0.23mi
301 Chestnut St Harrisburg, PA	4.0	1.0–2.5	1437	$2,050	$1.43	13d	10	0.28mi
301 Chestnut St Harrisburg, PA	1.0–4.0	1.0–2.5	1437	$1,593	$1.11	43d	1	0.28mi
319 Market St Harrisburg, PA	2.0	1.5	990	$1,135	$1.15	43d	1	0.39mi
209 Walnut St Harrisburg, PA	1.0	1.0	800	$1,199	$1.50	13d	1	0.45mi
1139 Mulberry St Harrisburg, PA	1.0–3.0	1.0	900	$1,065	$1.18	43d	1	0.49mi
210 Walnut St Unit 206 Harrisburg, PA	2.0	1.0	1007	$1,695	$1.68	13d	1	0.49mi
130 Locust St Unit 6 Harrisburg, PA	1.0	1.0	725	$1,295	$1.79	23d	1	0.51mi
223 Pine St Apt 1A Harrisburg, PA	1.0	1.0	700	$1,095	$1.56	21d	1	0.59mi
301 N 2nd St Harrisburg, PA	1.0	1.0	750	$925	$1.23	23d	1	0.60mi
116 Pine St Harrisburg, PA	1.0–2.0	1.0–2.0	900	$1,638	$1.82	13d	14	0.62mi
321 N Front St Unit 101 Harrisburg, PA	1.0	1.0	967	$1,895	$1.96	43d	1	0.67mi
231 State St Unit 1805 Harrisburg, PA	1.0	1.0	713	$1,600	$2.24	43d	1	0.68mi
1429 Naudain St Harrisburg, PA	3.0	1.0	1254	$1,400	$1.12	23d	1	0.69mi
21 Summit St Harrisburg, PA	3.0	1.0	1200	$1,550	$1.29	13d	1	0.74mi
337 S 15th St Harrisburg, PA	3.0	1.0	1440	$1,195	$0.83	21d	1	0.74mi
122 State St Apt 2 Harrisburg, PA	2.0	1.0	1250	$1,725	$1.38	13d	1	0.75mi
513 N 2nd St Unit 1 Harrisburg, PA	1.0	1.0	1300	$1,900	$1.46	43d	1	0.75mi
1251 Bailey St Harrisburg, PA	3.0	1.0	1200	$1,500	$1.25	43d	1	0.76mi
612 N 2nd St Apt 3 Harrisburg, PA	2.0	1.0	1100	$1,545	$1.40	43d	1	0.79mi
612 N 2nd St Apt 2 Harrisburg, PA	2.0	1.0	1050	$1,445	$1.38	43d	1	0.79mi
618 N 2nd St Harrisburg, PA	2.0	1.0	1000	$1,050	$1.05	23d	1	0.81mi
1615 Naudain St Harrisburg, PA	3.0	1.0	1148	$1,400	$1.22	43d	1	0.82mi
711 N 2nd St Apt 2 Harrisburg, PA	2.0	1.0	1400	$1,595	$1.14	43d	1	0.83mi
719 N 2nd St Apt 6 Harrisburg, PA	2.0	1.0	1000	$1,150	$1.15	13d	1	0.85mi
919 Grand St Harrisburg, PA	2.0	1.5	1116	$1,695	$1.52	23d	1	0.91mi
918 Grand St Harrisburg, PA	3.0	1.5	890	$1,450	$1.63	43d	1	0.91mi
923 N 3rd St Unit 1 Harrisburg, PA	2.0	1.0	853	$1,495	$1.75	23d	1	0.92mi
919 Penn St Harrisburg, PA	3.0	2.0	1458	$1,795	$1.23	23d	1	0.94mi
920 N 2nd St Unit 1 Harrisburg, PA	2.0	1.0	900	$1,475	$1.64	13d	1	0.96mi
660 Boas St Harrisburg, PA	2.0	1.0–2.0	800	$1,574	$1.97	13d	21	0.99mi
1517 Walnut St Harrisburg, PA	3.0	1.0	1172	$1,150	$0.98	43d	1	0.99mi
1728 Paxton St Harrisburg, PA	3.0	1.5	1320	$1,295	$0.98	13d	1	1.01mi
1008 N 2nd St Unit 2 Harrisburg, PA	2.0	1.0	1410	$1,295	$0.92	43d	1	1.02mi
1017 N Front St Apt 1017A Harrisburg, PA	1.0	2.0	1122	$1,495	$1.33	23d	1	1.04mi
1116 N 3rd St Unit 3 Harrisburg, PA	2.0	1.0	1100	$1,375	$1.25	23d	1	1.04mi
273 Cumberland St Harrisburg, PA	2.0	1.0	865	$1,595	$1.84	13d	1	1.06mi
261 Cumberland St Unit 2 Harrisburg, PA	1.0	1.0	1000	$1,099	$1.10	43d	1	1.06mi
1115 N 2nd St Unit 1 Harrisburg, PA	1.0	1.0	1100	$1,250	$1.14	43d	1	1.07mi

Listing history 20 events

1. 2026-06-18
   days on market $45,000 Active 25 DOM
2. 2026-06-17
   days on market $45,000 Active 24 DOM
3. 2026-06-16
   days on market $45,000 Active 23 DOM
4. 2026-06-15
   days on market $45,000 Active 22 DOM
5. 2026-06-14
   days on market $45,000 Active 20 DOM
6. 2026-06-13
   days on market $45,000 Active 19 DOM
7. 2026-06-10
   days on market $45,000 Active 17 DOM
8. 2026-06-09
   days on market $45,000 Active 16 DOM
9. 2026-06-08
   days on market $45,000 Active 15 DOM
10. 2026-06-07
    days on market $45,000 Active 14 DOM
11. 2026-06-03
    days on market $45,000 Active 10 DOM
12. 2026-06-02
    days on market $45,000 Active 9 DOM
13. 2026-06-01
    days on market $45,000 Active 8 DOM
14. 2026-05-31
    days on market $45,000 Active 7 DOM
15. 2026-05-31
    days on market $45,000 Active 6 DOM
16. 2026-05-23
    historical $45,000
17. 2025-05-22
    soldstatus $29,000 Closed 367-char remark

    Show marketing remark (367 chars)

    Location, location, location! This house is conveniently located just a few steps from the hospital and all that downtown Harrisburg has to offer! Easy access to interstate 83, a short walk to the River Front Capital Area Green Belt and so much more! Put your personal touches on the home, get some sweat equity and have a fantastic investment in downtown Harrisburg!

18. 2025-04-18
    status Pending 367-char remark

    Show marketing remark (367 chars)

    Location, location, location! This house is conveniently located just a few steps from the hospital and all that downtown Harrisburg has to offer! Easy access to interstate 83, a short walk to the River Front Capital Area Green Belt and so much more! Put your personal touches on the home, get some sweat equity and have a fantastic investment in downtown Harrisburg!

19. 2025-04-14
    price $25,000 367-char remark

    Show marketing remark (367 chars)

    Location, location, location! This house is conveniently located just a few steps from the hospital and all that downtown Harrisburg has to offer! Easy access to interstate 83, a short walk to the River Front Capital Area Green Belt and so much more! Put your personal touches on the home, get some sweat equity and have a fantastic investment in downtown Harrisburg!

20. 2025-04-10
    listed $49,900 Active 367-char remark

    Show marketing remark (367 chars)

    Location, location, location! This house is conveniently located just a few steps from the hospital and all that downtown Harrisburg has to offer! Easy access to interstate 83, a short walk to the River Front Capital Area Green Belt and so much more! Put your personal touches on the home, get some sweat equity and have a fantastic investment in downtown Harrisburg!

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $892 · $74/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,215
• − Mortgage interest: −$2,521
• − Property taxes: −$892
• − Insurance: −$5,750
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$1,309
• Taxable income: $3,989
• Est. tax owed @ 24.0%: −$957
• After-tax cash flow: $3,169/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: Harrisburg City SD
• NCES district ID: 4211580
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 13% ▼ -10.00%
• Median HH income: $33,432
• Composite: 7.6/100
• National rank: #9945
• State rank: #535 of 539 in PA

Livability — Harrisburg

• Score: 84/100
• State rank: #107
• US rank: #826

Category grades

Amenities A+ 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: Harrisburg, PA
• County: Dauphin County · 247,857 people
• City population: 184,296
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 18,541
• Household income: $46,510
• Rent vs Own: 54.4% rent · 45.6% own
• Severe rent burden: 1166.0

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Black 44% Hispanic / Latino 29% White 19% Two or more races 12% Asian 3% Native American 1%
• Hispanic origin (detail): Puerto Rican 21% Dominican 6%
• Common ancestry: Polish 1% Romanian 1% Slovak 1%
• Foreign-born: 10% · Canada, China, Vietnam
• Languages at home: 73% English-only · Spanish 21% Other Indo-European 1% Chinese 1%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -22.83%
• Current HPI: 340.2808
• Rent YoY: ▲ 4.43%
• Metro: Harrisburg-Carlisle, 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

-9.8% since first listed

5 events — show timeline

• 2026-05-23 Coming Soon $45,000 BRIGHT MLS
• 2025-05-22 Sold (MLS) $29,000 BRIGHT MLS
• 2025-04-18 Pending — BRIGHT MLS
• 2025-04-14 Price Changed $25,000 BRIGHT MLS
• 2025-04-10 Listed $49,900 BRIGHT MLS

Property tax history

+0.8%/yr

Latest (2026): $892 · +1.3% YoY. Source: county tax records.