295 Andover St · Wilkes-Barre, PA 18702

$149,900

4 bd · 1.0 ba · 2,013 sqft · SingleFamily public records · 6 Days on market

Built 1940 3,920 sqft lot Est $215k · 30% under

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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 +24.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Rent growth +4.2/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Come take a look at this newly listed single family 4 bedroom 1 bathroom home located in Wilkes-Barre, PA. The home has a deck with a great view and a flat fenced in yard perfect for children or pets. The home does need some small cosmetic work as seen in the photos. The seller is a licensed realtor.

Key facts

• Flat fenced in yard
• 3,920 sq ft lot
• Built 1940

Tags

• DECK WITH A GREAT VIEW
• FLAT FENCED IN YARD

Property features AI

Exterior

• Utilities: Public water; 200+ amp electric service
• Home design: Single family residence (Residential); No common walls
• Construction: Asphalt shingle roof
• Exterior features: Back yard; Publicly maintained road access

Interior

• Bedrooms: Total of 7 rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Hot water heating; Natural gas fuel
• Interior features: Unfurnished; Concrete basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.6% vs local median 5.7% in Wilkes-Barre — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Wilkes-Barre Area SD (urban): math 19% / reading 32% proficiency, ranked #469 of 539 in PA (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.8%/yr); 221 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 349 units permitted in Luzerne County in 2024 (16 in 5+ unit buildings).
• This rent runs 36% of the median local income ($56k/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 $4k of value loss. Plan a longer hold.
• Luzerne County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $82k; list at $150k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.12% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.36%
• DSCR: 1.37
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $215,391
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
143 Poplar St	0.23mi	3/2.5 (-1)	1,995 (-1%)	2mo	$230,000	$115	75
156 Andover St	0.27mi	3/2.0 (-1)	1,932 (-4%)	1mo	$130,000	$67	71
133 Parrish St	0.37mi	4/2.5	1,908 (-5%)	4mo	$279,000	$146	64
184 Andover St	0.22mi	3/2.5 (-1)	2,132 (+6%)	10mo	$199,000	$93	61
55 Oregon St	0.72mi	4/2.0	2,026 (+1%)	3mo	$150,000	$74	59
825 S Franklin St	0.66mi	5/2.0 (+1)	2,064 (+2%)	2mo	$149,000	$72	54
63 Grove St	0.69mi	5/1.5 (+1)	2,033 (+1%)	8mo	$175,400	$86	52
876 Main St	0.55mi	4/2.0	1,835 (-9%)	8mo	$227,500	$124	49
141 Blackman St	0.31mi	3/1.5 (-1)	1,722 (-14%)	9mo	$183,299	$106	47
145 Stanton St	0.51mi	3/1.5 (-1)	1,724 (-14%)	1mo	$245,000	$142	44
48 W Division St	0.69mi	5/3.5 (+1)	2,144 (+6%)	2mo	$279,000	$130	40
107 Liberty St	0.58mi	3/2.0 (-1)	1,756 (-13%)	5mo	$188,000	$107	38

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 · 6.84% rent growth · sell at horizon

5-year hold

• IRR: 0.7%
• Equity multiple: 1.03×
• Total profit: $1,094
• Equity at exit: $22,351

10-year hold

• IRR: 13.9%
• Equity multiple: 2.31×
• Total profit: $54,985
• Equity at exit: $12,961

Cash invested: $41,972 (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 18702

• Rents YoY: 6.8%
• Active inventory: 221
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,681 high
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $292

Break-even live

Break-even rent $1,311

Max offer price $149,900

Occupancy floor 78%

Sensitivity live

Price	-10% $396	-5% $344	+0% $292	+5% $240	+10% $189
Rent	-10% $159	-5% $226	+0% $292	+5% $359	+10% $425
Rate	-1.0pp $368	-0.5pp $330	base $292	+0.5pp $253	+1.0pp $214

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
233 Gilligan St Wilkes Barre, PA	3.0	1.0	1440	$1,600	$1.11	22d	1	0.17mi
407 McLean St Wilkes Barre, PA	3.0	1.0	1482	$1,400	$0.94	14d	1	0.31mi
249 Parrish St Wilkes Barre, PA	5.0	2.0	2214	$2,000	$0.90	14d	1	0.32mi
96 McLean St Wilkes-Barre Township, PA	3.0	1.0	1535	$1,550	$1.01	44d	1	0.33mi
243 Stanton St Wilkes Barre, PA	3.0	1.0	2024	$1,450	$0.72	44d	1	0.51mi
243 Stanton St Wilkes Barre, PA	3.0	1.0	2024	$1,395	$0.69	14d	1	0.51mi
279 Hazle St Wilkes Barre, PA	5.0	1.0	1400	$1,400	$1.00	14d	1	0.65mi
56 Kent Ln Wilkes Barre, PA	3.0	2.0	1542	$1,800	$1.17	44d	1	0.94mi
216 Horton St Wilkes Barre, PA	3.0	1.5	1475	$1,575	$1.07	44d	1	0.97mi
6 Magnolia St Wilkes Barre, PA	3.0	2.5	1700	$1,450	$0.85	44d	1	1.13mi
27 Oak St Wilkes Barre, PA	3.0	1.5	1500	$1,700	$1.13	44d	1	1.17mi
342 Horton St Wilkes Barre, PA	3.0	1.5	1472	$1,650	$1.12	14d	1	1.21mi
21 Edison St Wilkes Barre, PA	4.0	1.5	2900	$1,400	$0.48	14d	1	1.25mi
104 Old River Rd Wilkes Barre, PA	3.0	1.5	1600	$1,800	$1.12	44d	1	1.28mi
121 Oak St Unit 1 Wilkes-Barre, PA	3.0	1.0	1960	$1,550	$0.79	14d	1	1.34mi
123 S Franklin St Wilkes-Barre, PA	3.0	2.0	2400	$3,450	$1.44	22d	1	1.47mi

Listing history 5 events

1. 2026-06-10
   status $149,900 Pending 6 DOM
2. 2026-06-09
   days on market $149,900 Active 6 DOM
3. 2026-06-08
   days on market $149,900 Active 5 DOM
4. 2026-06-07
   remarks 301-char remark
5. 2026-06-07
   listed $149,900 Active 4 DOM

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,175
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,614
• − Management: −$1,614
• − Depreciation: −$4,361
• Taxable income: $1,191
• Est. tax owed @ 24.0%: −$286
• After-tax cash flow: $3,221/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: Wilkes-Barre Area SD
• NCES district ID: 4226300
• Math proficiency: 19% ▼ -2.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $37,420
• Composite: 21.22/100
• National rank: #8409
• State rank: #469 of 539 in PA

Livability — Wilkes-Barre

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

Census & demographics

• Census place: Wilkes-Barre, PA
• County: Luzerne County · 118,885 people
• City population: 73,981
• Metro: Scranton--Wilkes-Barre, PA
• Population (ZIP): 41,970
• Household income: $56,378
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1632.0

Population outlook (Luzerne County) Hauer SSP2

• Today (2025): 319,505 people
• By 2030: 319,943 · +0.1%
• By 2040: 322,643 · +1.0%
• By 2050: 330,817 · +3.5%
• By 2075: 379,145 · +18.7%
• By 2100: 431,908 · +35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 25% Black 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 6% Dominican 9%
• Common ancestry: Romanian 14% Scotch-Irish 2% Iranian 1%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 17% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Luzerne

• 2024 margin: R (+19.2) · D 40.0% · R 59.2%
• 2008→2024 swing: -27.6pp toward R · 2008: 8.4pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+14.4 2016: R+19.6 2012: D+4.8 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.99%
• Current HPI: 216.9373
• Rent YoY: ▲ 6.84%
• Metro: Scranton--Wilkes-Barre, 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

+83.0% since first listed

9 events — show timeline

• 2026-06-03 Listed $149,900 PMAR
• 2026-02-02 Price Changed $137,900 LCAR
• 2026-01-27 Price Changed $149,900 LCAR
• 2026-01-15 Price Changed $159,900 LCAR
• 2026-01-03 Price Changed $169,900 LCAR
• 2025-12-08 Price Changed $179,900 LCAR
• 2025-11-24 Price Changed $187,900 LCAR
• 2025-11-18 Price Changed $193,000 LCAR
• 2005-08-31 Sold (Public Records) $81,900 Public Records

Property tax history

+20.4%/yr

Latest (2026): $16,971 · +0.1% YoY. Source: county tax records.