159 Erie St · Everett, PA 15537

$62,500

3 bd · 1.0 ba · 709 sqft · SingleFamily · 129 Days on market

Built 1950 Fair condition 0.84 ac lot $88/sqft · 37% below area Est $100k · 37% under ↓ 4% since listing

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Why this score? — see what drove the A 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.0/5.0

Listing remarks MLS

Looking for your next flip project or rental property? Then check out this bungalow style home located on a private street not far from town. An adjacent 1600+sqft home with 3 bedrooms, 1.5 baths is also available to be purchased. AS-IS sale. Seller will make no repairs.

Key facts

• Private street
• Bungalow style home
• 0.84 acre lot

Tags

• BUNGALOW STYLE HOME
• PRIVATE STREET

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $62k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $610 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $55k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#906 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: amenities F, commute F, employment F.
• Everett Area SD (rural): math 32% / reading 52% proficiency, ranked #337 of 539 in PA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 62 active listings in the ZIP; 54 units permitted in Bedford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($432 loan paydown + $6k appreciation (10.0% local appreciation)).
• Bedford County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $55,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 2.11% ✓
• Cap rate: 18.00%
• Cash-on-cash: 41.83%
• DSCR: 2.86
• GRM: 3.9

CMA / ARV

• ARV (median comp): $99,971
• List price: $62,500
• Delta: -37.48%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 56.7%
• Equity multiple: 5.17×
• Total profit: $72,909
• Equity at exit: $56,305

10-year hold

• IRR: 50.3%
• Equity multiple: 11.53×
• Total profit: $184,194
• Equity at exit: $121,424

Cash invested: $17,500 (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 15537

• Home prices YoY: 17.3%
• Active inventory: 62
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,319 medium
• Mortgage (P&I): −$328
• Tax est. 1.5%: −$78 /mo · $938/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $610

Break-even live

Break-even rent $547

Max offer price $62,500

Occupancy floor 49%

Sensitivity live

Price	-10% $653	-5% $632	+0% $610	+5% $588	+10% $567
Rent	-10% $506	-5% $558	+0% $610	+5% $662	+10% $714
Rate	-1.0pp $641	-0.5pp $626	base $610	+0.5pp $594	+1.0pp $577

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: $15,625
• Closing costs: $1,875
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $62,500 Active 129 DOM
2. 2026-06-21
   days on market $62,500 Active 128 DOM
3. 2026-06-18
   days on market $62,500 Active 126 DOM
4. 2026-06-17
   days on market $62,500 Active 125 DOM
5. 2026-06-16
   days on market $62,500 Active 124 DOM
6. 2026-06-15
   days on market $62,500 Active 123 DOM
7. 2026-06-13
   days on market $62,500 Active 121 DOM
8. 2026-06-12
   days on market $62,500 Active 120 DOM
9. 2026-06-09
   days on market $62,500 Active 117 DOM
10. 2026-06-08
    days on market $62,500 Active 116 DOM
11. 2026-06-08
    days on market $62,500 Active 115 DOM
12. 2026-06-07
    days on market $62,500 Active 114 DOM
13. 2026-06-04
    days on market $62,500 Active 111 DOM
14. 2026-06-02
    days on market $62,500 Active 110 DOM
15. 2026-06-01
    days on market $62,500 Active 109 DOM
16. 2026-05-31
    days on market $62,500 Active 108 DOM
17. 2026-04-14
    price $62,500 271-char remark

    Show marketing remark (271 chars)

    Looking for your next flip project or rental property? Then check out this bungalow style home located on a private street not far from town. An adjacent 1600+sqft home with 3 bedrooms, 1.5 baths is also available to be purchased. AS-IS sale. Seller will make no repairs.

18. 2026-04-13
    price $62,500 271-char remark

    Show marketing remark (271 chars)

    Looking for your next flip project or rental property? Then check out this bungalow style home located on a private street not far from town. An adjacent 1600+sqft home with 3 bedrooms, 1.5 baths is also available to be purchased. AS-IS sale. Seller will make no repairs.

19. 2026-02-12
    listed $65,000 Active 271-char remark

    Show marketing remark (271 chars)

    Looking for your next flip project or rental property? Then check out this bungalow style home located on a private street not far from town. An adjacent 1600+sqft home with 3 bedrooms, 1.5 baths is also available to be purchased. AS-IS sale. Seller will make no repairs.

20. 2026-02-11
    listed $65,000 Active 271-char remark

    Show marketing remark (271 chars)

    Looking for your next flip project or rental property? Then check out this bungalow style home located on a private street not far from town. An adjacent 1600+sqft home with 3 bedrooms, 1.5 baths is also available to be purchased. AS-IS sale. Seller will make no repairs.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,826
• − Mortgage interest: −$3,501
• − Property taxes: −$938
• − Insurance: −$312
• − Repairs & maintenance: −$1,266
• − Management: −$1,266
• − Depreciation: −$1,818
• Taxable income: $6,725
• Est. tax owed @ 24.0%: −$1,614
• After-tax cash flow: $5,706/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.

Condition & rehab AI · 12 photos

Fair 40/100 Moderate rehab

This bungalow style home requires moderate renovations to improve its condition and increase its value for resale or rental.

Repairs flagged

• Major kitchen appliances — need replacement
• Major bathroom fixtures — need replacement
• Moderate roof — visible wear
• Major exterior siding — exposed and chipped
• Major flooring — worn and damaged
• Major HVAC system — visible wear

Value-add opportunities

• Resale update kitchen appliances — modern appliances attract buyers
• Resale replace bathroom fixtures — updated fixtures appeal to buyers
• Both repair and paint exterior — enhances curb appeal and resale value
• Both replace flooring — new flooring improves living space and rental appeal
• Both repair and replace HVAC system — modern HVAC system improves comfort and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · need replacement	Major	$15,000–50,000
bathroom fixtures · need replacement	Major	$15,000–50,000
roof · visible wear	Moderate	$3,000–15,000
exterior siding · exposed and chipped	Major	$15,000–50,000
flooring · worn and damaged	Major	$15,000–50,000
HVAC system · visible wear	Major	$15,000–50,000
Total estimated repair cost · 6 items		$78,000–265,000

Value-add ROI direction

• Resale update kitchen appliances — modern appliances attract buyers ↑
• Resale replace bathroom fixtures — updated fixtures appeal to buyers ↑
• Both repair and paint exterior — enhances curb appeal and resale value ↑
• Both replace flooring — new flooring improves living space and rental appeal ↑
• Both repair and replace HVAC system — modern HVAC system improves comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Everett Area SD
• NCES district ID: 4209360
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 52% ▼ -9.00%
• Median HH income: $41,322
• Composite: 35.24/100
• National rank: #4979
• State rank: #337 of 539 in PA

Livability — Everett

• Score: 68/100
• State rank: #906
• US rank: #9719

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,272

Population outlook (Bedford County) Hauer SSP2

• Today (2025): 45,395 people
• By 2030: 43,353 · -4.5%
• By 2040: 38,858 · -14.4%
• By 2050: 34,162 · -24.7%
• By 2075: 24,868 · -45.2%
• By 2100: 16,910 · -62.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 6% Italian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Bedford

• 2024 margin: Solid R (+68.6) · D 15.4% · R 84.0%
• 2008→2024 swing: -23.8pp toward R · 2008: -44.8pp · 2024: -68.6pp
• All cycles: 2024: R+68.6 2020: R+67.7 2016: R+67.4 2012: R+54.9 2008: R+44.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 37.19%
• Current HPI: 252.292
• 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

-3.8% since first listed

4 events — show timeline

• 2026-04-14 Price Changed $62,500 BRIGHT MLS
• 2026-04-13 Price Changed $62,500 AHARMLS
• 2026-02-12 Listed $65,000 BRIGHT MLS
• 2026-02-11 Listed $65,000 AHARMLS