203 Elm St · Clairton, PA 15025

$18,400

3 bd · 1.0 ba · 1,366 sqft · SingleFamily public records · 227 Days on market

Built 1947 7,000 sqft lot $13/sqft · 73% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity to make this 3 bedroom, 1.5 bath, 1,456 square foot home your own. This property features a main level powder room, rear patio, one-car built-in garage, and covered front porch.

Key facts

• Covered front porch
• Rear patio
• 7,000 sq ft lot

Tags

• MAIN LEVEL POWDER ROOM
• REAR PATIO
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $18k.

Deal economics

• At list price, monthly cash flow is $908 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $18k).
• Recommended offer: $16k (12.0% below list) — sets the bar for market timing.
• Cap rate 69.2% vs local median 12.7% in Clairton — 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 63/100 on livability (#1,308 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: crime C-, health & safety D+, schools F.
• Clairton City SD (suburban): math 7% / reading 21% proficiency, ranked #520 of 539 in PA (top 96%) — 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.
• Market conditions: Rents rising fast (+10.5%/yr); 94 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,996 units permitted in Allegheny County in 2024 (1,588 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $127 of loan paydown is wiped out by about $552 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 227 days — a 12% lower offer ($16k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; 27% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $16,192 (12.0% below list)

Questions for the listing agent

1. It's been on market 227 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 7.51% ✓
• Cap rate: 69.16%
• Cash-on-cash: 224.51%
• DSCR: 10.99
• GRM: 1.1

CMA / ARV

• ARV (median comp): $72,527
• List price: $18,400
• Delta: -74.63%
• 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
148 Carnegie Ave	0.08mi	3/1.0	1,314 (-4%)	4mo	$75,000	$57	86
320 N 4th St	0.23mi	3/1.0	1,290 (-6%)	2mo	$87,000	$67	79
422 N 3rd St	0.14mi	3/1.5	1,440 (+5%)	7mo	$42,500	$30	77
302 Elm St	0.06mi	3/1.0	1,485 (+9%)	14mo	$17,000	$11	71
357 Ohio Ave	0.37mi	4/1.0 (+1)	1,424 (+4%)	4mo	$25,000	$18	67
612 Walnut Ave	0.27mi	3/1.5	1,282 (-6%)	12mo	$114,900	$90	65
116 Division Ave	0.27mi	4/2.0 (+1)	1,440 (+5%)	7mo	$93,410	$65	64
574 State Route 885	0.42mi	4/2.5 (+1)	1,518 (+11%)	4mo	$165,000	$109	48
1007 N 6th St	0.42mi	3/2.0	1,250 (-8%)	19mo	$87,500	$70	46
1025 Delaware Ave	0.74mi	4/2.5 (+1)	1,386 (+2%)	13mo	$75,000	$54	42
1036 Indiana Ave	0.68mi	3/1.5	1,256 (-8%)	19mo	$95,000	$76	37
922 Foster Rd	0.64mi	3/1.5	1,560 (+14%)	10mo	$250,000	$160	36

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: —
• Equity multiple: 13.08×
• Total profit: $62,225
• Equity at exit: $2,743

10-year hold

• IRR: —
• Equity multiple: 32.47×
• Total profit: $162,122
• Equity at exit: $1,591

Cash invested: $5,152 (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 15025

• Home prices YoY: -34.4%
• Rents YoY: 10.5%
• Active inventory: 94
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,381 high
• Mortgage (P&I): −$96
• Tax est. 1.5%: −$23 /mo · $276/yr
• Insurance: −$8
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $908

Break-even live

Break-even rent $231

Max offer price $18,400

Occupancy floor 29%

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: $4,600
• Closing costs: $552
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
185 Carnegie Ave Clairton, PA	3.0	1.0	1404	$1,295	$0.92	44d	1	0.14mi
507 N 6th St Clairton, PA	2.0	1.5	1120	$1,250	$1.12	44d	1	0.27mi
231 Connecticut Ave Clairton, PA	3.0	1.0	1064	$1,150	$1.08	44d	1	0.34mi
1044 Delaware Ave Glassport, PA	3.0	1.0	1200	$1,350	$1.12	20d	1	0.64mi
833 Vermont Ave Glassport, PA	3.0	1.0	1290	$1,395	$1.08	24d	1	0.87mi
701-703 Waddell Ave Clairton, PA	4.0	1.0	1200	$1,850	$1.54	2d	1	0.99mi
350 Wylie Ave Unit 1 Clairton, PA	2.0	1.0	1152	$1,050	$0.91	44d	1	1.40mi
511 Payne Hill Rd Clairton, PA	1.0–3.0	1.0–2.0	1026	$1,900	$1.85	2d	1	1.42mi
753 East Dr Clairton, PA	3.0	1.0	1000	$1,100	$1.10	44d	1	1.43mi
127 Constitution Cir Clairton, PA	2.0	1.0	972	$1,275	$1.31	2d	1	1.47mi
127 Constitution Cir Clairton, PA	2.0	1.0	1063	$1,275	$1.20	11d	1	1.47mi

Listing history 16 events

1. 2026-06-18
   days on market $18,400 Active 227 DOM
2. 2026-06-17
   price $18,400 Active 226 DOM
3. 2026-06-17
   days on market $23,000 Active 226 DOM
4. 2026-06-16
   days on market $23,000 Active 225 DOM
5. 2026-06-15
   days on market $23,000 Active 224 DOM
6. 2026-06-13
   days on market $23,000 Active 222 DOM
7. 2026-06-09
   days on market $23,000 Active 218 DOM
8. 2026-06-08
   days on market $23,000 Active 217 DOM
9. 2026-06-07
   days on market $23,000 Active 216 DOM
10. 2026-06-05
    days on market $23,000 Active 213 DOM
11. 2026-06-03
    days on market $23,000 Active 212 DOM
12. 2026-06-02
    days on market $23,000 Active 211 DOM
13. 2026-06-01
    days on market $23,000 Active 210 DOM
14. 2026-05-31
    days on market $23,000 Active 209 DOM
15. 2025-11-03
    listed $23,000 Active 195-char remark

    Show marketing remark (195 chars)

    Great opportunity to make this 3 bedroom, 1.5 bath, 1,456 square foot home your own. This property features a main level powder room, rear patio, one-car built-in garage, and covered front porch.

16. 1974-10-31
    soldstatus $14,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 98% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,573
• − Mortgage interest: −$1,031
• − Property taxes: −$276
• − Insurance: −$758
• − Repairs & maintenance: −$1,326
• − Management: −$1,326
• − Depreciation: −$535
• Taxable income: $11,321
• Est. tax owed @ 24.0%: −$2,717
• After-tax cash flow: $8,183/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: Clairton City SD
• NCES district ID: 4206030
• Math proficiency: 7% ▼ -11.00%
• Reading proficiency: 21% ▼ -12.00%
• Median HH income: $30,250
• Composite: 11.0/100
• National rank: #9742
• State rank: #520 of 539 in PA

Livability — Clairton

• Score: 63/100
• State rank: #1308
• US rank: #16085

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clairton, PA
• County: Allegheny County · 1,022,028 people
• City population: 16,939
• Metro: Pittsburgh, PA
• Population (ZIP): 16,939
• Household income: $76,531
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 572.0

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 (74%)
• Race & ethnicity: White 74% Black 18% Two or more races 4% Asian 2% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · China, Canada, India
• Languages at home: 96% English-only · Other Indo-European 1% Chinese 1% Spanish 1%

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: ▼ -96.35%
• Current HPI: 183.858
• Rent YoY: ▲ 10.47%
• 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

+58.6% since first listed

2 events — show timeline

• 2025-11-03 Listed $23,000 West Penn MLS
• 1974-10-31 Sold (Public Records) $14,500 Public Records

Property tax history

+17.1%/yr

Latest (2025): $2,252 · +76.9% YoY. Source: county tax records.