550 Baltimore St · Penn, PA 17331

$164,000

5 bd · 2.0 ba · 1,552 sqft · SingleFamily public records · 46 Days on market

Built 1900 5,227 sqft lot $106/sqft · 29% below area Est $232k · 29% under

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +7.7/10.0
• Schools +4.2/10.0
• Rent growth +3.7/5.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Newly renovated 4 Bedrooms and 2 Bath Colonial in Southwestern Schools. With all new paint, flooring, exterior siding, landscaping, and an updated HVAC this will not last long!! Schedule a showing today!

Key facts

• Open floor plan
• Updated cabinets
• Large front porch

Tags

• LARGE FRONT PORCH
• REAR ENCLOSED PORCH
• OPEN FLOOR PLAN
• UPDATED CABINETS
• STAINLESS STEEL APPLIANCES
• FIRST FLOOR FULL BATHROOM

Property features AI

Finance

• Other: Fee simple ownership; Not in a federal flood zone; Ground rent paid annually

Exterior

• Parking: Two off-street parking spaces; Concrete driveway
• Utilities: Public water; Public sewer; Electric service with circuit breakers; Natural gas for heating and hot water
• Home design: Detached property; Vinyl siding exterior; Metal roof; Stone foundation; Building is winterized
• Construction: Vinyl siding construction; Metal roof; Stone foundation; Detached structure
• Exterior features: Front and rear yard; Level lot; Porches and enclosed balcony; Exterior lighting; Sidewalks; Wood fencing

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas range/oven
• Bedrooms: Four bedrooms on the upper level
• Flooring: Hardwood; Carpet; Vinyl
• Bathrooms: Two full bathrooms (one on main level, one on first upper level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Open floor plan with formal dining area and separate dining space; Eat-in kitchen; Attic; Tub/shower; Drywall and plaster walls; Wood and carpet finishes
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $164k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $164k).
• Recommended offer: $159k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 56/100 on livability (#1,637 in PA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• South Western SD (suburban): math 37% / reading 56% proficiency, ranked #206 of 539 in PA (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Emory H Markle Ms (math 27% / reading 53%, grade F, #257 of 512 statewide, top 52%, 1,028 students, 34% FRL); South Western Shs (math 83% / reading 75%, grade A-, #20 of 437 statewide, top 4%, 1,299 students, 31% FRL).
• Zoned-school proficiency averages 60% at this address vs 46% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the South Western SD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.7%/yr); 386 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,328 units permitted in York County in 2024 (338 in 5+ unit buildings).
• This rent runs 31% of the median local income ($79k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($159k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,080 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
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: 1.27% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.65%
• DSCR: 1.47
• GRM: 6.6

CMA / ARV

• ARV (median comp): $231,578
• List price: $164,000
• Delta: -29.18%
• 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
210 Centennial Ave	0.49mi	4/1.0 (-1)	1,548 (-0%)	6mo	$210,000	$136	63
311 Wirt Ave	0.34mi	4/2.0 (-1)	1,664 (+7%)	5mo	$331,000	$199	63
832 Baltimore St	0.52mi	4/1.5 (-1)	1,536 (-1%)	7mo	$175,000	$114	61
246 Locust St	0.56mi	4/2.0 (-1)	1,632 (+5%)	0mo	$125,000	$77	60
45 Wilmar Ave	0.41mi	4/2.0 (-1)	1,627 (+5%)	10mo	$260,000	$160	60
125 Charles Ave	0.38mi	4/2.0 (-1)	1,660 (+7%)	9mo	$272,000	$164	58
551 York St	0.41mi	4/1.0 (-1)	1,704 (+10%)	4mo	$242,000	$142	53
524 Fulton St	0.69mi	4/1.0 (-1)	1,490 (-4%)	1mo	$236,000	$158	51
827 York St	0.65mi	4/2.0 (-1)	1,480 (-5%)	13mo	$223,000	$151	46
512 Fulton St	0.69mi	4/1.5 (-1)	1,632 (+5%)	13mo	$235,000	$144	41
18 Center St	0.68mi	4/2.0 (-1)	1,698 (+9%)	13mo	$250,000	$147	37
104 Park Heights Blvd	0.65mi	4/2.0 (-1)	1,729 (+11%)	13mo	$300,000	$174	35

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 · 4.67% rent growth · sell at horizon

5-year hold

• IRR: 1.7%
• Equity multiple: 1.07×
• Total profit: $3,029
• Equity at exit: $24,453

10-year hold

• IRR: 13.0%
• Equity multiple: 2.12×
• Total profit: $51,500
• Equity at exit: $14,180

Cash invested: $45,920 (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 17331

• Home prices YoY: -33.8%
• Rents YoY: 4.7%
• Active inventory: 386
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,075 medium
• Mortgage (P&I): −$860
• Tax from tax record: −$303 /mo · $3,641/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $408

Break-even live

Break-even rent $1,559

Max offer price $164,000

Occupancy floor 75%

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: $41,000
• Closing costs: $4,920
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
40 Mustang Dr Hanover, PA	4.0	2.5	1625	$1,843	$1.13	43d	1	0.59mi
20 Mustang Dr Hanover, PA	4.0	2.5	1625	$1,931	$1.19	43d	1	0.60mi

Listing history 36 events

1. 2026-06-18
   days on market $164,000 Active 46 DOM
2. 2026-06-17
   days on market $164,000 Active 45 DOM
3. 2026-06-16
   days on market $164,000 Active 44 DOM
4. 2026-06-15
   days on market $164,000 Active 43 DOM
5. 2026-06-14
   days on market $164,000 Active 41 DOM
6. 2026-06-13
   days on market $164,000 Active 40 DOM
7. 2026-06-10
   days on market $164,000 Active 38 DOM
8. 2026-06-09
   days on market $164,000 Active 37 DOM
9. 2026-06-08
   days on market $164,000 Active 36 DOM
10. 2026-06-07
    pricedays on market $164,000 Active 35 DOM
11. 2026-06-02
    days on market $174,000 Active 30 DOM
12. 2026-06-01
    days on market $174,000 Active 29 DOM
13. 2026-05-31
    days on market $174,000 Active 28 DOM
14. 2026-05-30
    days on market $174,000 Active 27 DOM
15. 2026-05-03
    listed $174,000 Active 1810-char remark
16. 2020-02-03
    soldstatus $159,900
17. 2020-01-31
    status Pending 203-char remark

    Show marketing remark (203 chars)

    Newly renovated 4 Bedrooms and 2 Bath Colonial in Southwestern Schools. With all new paint, flooring, exterior siding, landscaping, and an updated HVAC this will not last long!! Schedule a showing today!

18. 2020-01-31
    soldstatus $159,900 Closed 203-char remark

    Show marketing remark (203 chars)

    Newly renovated 4 Bedrooms and 2 Bath Colonial in Southwestern Schools. With all new paint, flooring, exterior siding, landscaping, and an updated HVAC this will not last long!! Schedule a showing today!

19. 2020-01-29
    listed $159,900 Active 203-char remark

    Show marketing remark (203 chars)

    Newly renovated 4 Bedrooms and 2 Bath Colonial in Southwestern Schools. With all new paint, flooring, exterior siding, landscaping, and an updated HVAC this will not last long!! Schedule a showing today!

20. 2020-01-28
    status Pending
21. 2020-01-28
    historical
22. 2020-01-07
    historical Active Under Contract
23. 2019-11-26
    price $159,900
24. 2019-11-02
    listed $169,895 Active
25. 2019-11-02
    historical
26. 2019-09-27
    price $169,895
27. 2019-08-09
    listed $169,995 Active
28. 2019-08-07
    soldstatus $58,000
29. 2019-07-31
    soldstatus $58,000 Closed
30. 2019-07-10
    status Pending
31. 2019-06-11
    price $60,000
32. 2019-05-17
    price $65,000
33. 2019-03-28
    listed $70,000 Active
34. 1999-10-21
    soldstatus $62,500
35. 1990-05-15
    soldstatus $73,900
36. 1988-04-18
    soldstatus $63,000

ⓘ 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: $3,641 · $303/mo
• Projected year-2 tax: $3,641 · $303/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $24,904
• − Mortgage interest: −$9,187
• − Property taxes: −$3,641
• − Insurance: −$820
• − Repairs & maintenance: −$1,992
• − Management: −$1,992
• − Depreciation: −$4,771
• Taxable income: $2,501
• Est. tax owed @ 24.0%: −$600
• After-tax cash flow: $4,292/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: South Western SD
• NCES district ID: 4222470
• Math proficiency: 37% ▼ -16.00%
• Reading proficiency: 56% ▼ -11.00%
• Median HH income: $67,689
• Composite: 41.5/100
• National rank: #3456
• State rank: #206 of 539 in PA

Livability — Penn

• Score: 56/100
• State rank: #1637
• US rank: #22584

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parkville, PA
• County: York County · 278,806 people
• Metro: York-Hanover, PA
• Population (ZIP): 56,443
• Household income: $79,488
• Rent vs Own: 23.6% rent · 76.4% own
• Severe rent burden: 1076.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 7% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -128.48%
• Current HPI: 251.8974
• Rent YoY: ▲ 4.67%
• Metro: York-Hanover, 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

+160.3% since first listed

23 events — show timeline

• 2026-06-05 Price Changed $164,000 BRIGHT MLS
• 2026-05-03 Listed $174,000 BRIGHT MLS
• 2020-02-03 Sold (Public Records) $159,900 Public Records
• 2020-01-31 Pending — BRIGHT MLS
• 2020-01-31 Sold (MLS) $159,900 BRIGHT MLS
• 2020-01-29 Listed $159,900 BRIGHT MLS
• 2020-01-28 Pending — BRIGHT MLS
• 2020-01-28 Listing Removed — BRIGHT MLS
• 2020-01-07 Contingent — BRIGHT MLS
• 2019-11-26 Price Changed $159,900 BRIGHT MLS
• 2019-11-02 Listing Removed — BRIGHT MLS
• 2019-11-02 Listed $169,895 BRIGHT MLS
• 2019-09-27 Price Changed $169,895 BRIGHT MLS
• 2019-08-09 Listed $169,995 BRIGHT MLS
• 2019-08-07 Sold (Public Records) $58,000 Public Records
• 2019-07-31 Sold (MLS) $58,000 BRIGHT MLS
• 2019-07-10 Pending — BRIGHT MLS
• 2019-06-11 Price Changed $60,000 BRIGHT MLS
• 2019-05-17 Price Changed $65,000 BRIGHT MLS
• 2019-03-28 Listed $70,000 BRIGHT MLS
• 1999-10-21 Sold (Public Records) $62,500 Public Records
• 1990-05-15 Sold (Public Records) $73,900 Public Records
• 1988-04-18 Sold (Public Records) $63,000 Public Records

Property tax history

+3.0%/yr

Latest (2026): $3,641 · +4.7% YoY. Source: county tax records.