3 Erickson Dr · Mount Jewett, PA 16740

$125,000

3 bd · 1.0 ba · 1,456 sqft · SingleFamily · 259 Days on market

Built 1847 Fair condition 6.67 ac lot $86/sqft · 13% below area Est $144k · 13% under ↓ 1% since listing

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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 +16.2/30.0
• ARV discount +13.4/15.0
• DSCR +5.0/10.0
• Appreciation +5.0/10.0
• 1% rule +4.4/10.0
• Schools +3.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

WELCOME HOME! TWO HOMES AND TWO GARAGES ON 6.67 ACRES (3 & 4 Erickson Dr. , Mt. Jewett) - Tucked in a peaceful, secluded setting but still within the borough limits, this property spans 6.67 acres and includes both a one-story and two-story home, along with two detached garages and several outbuildings. The grounds are stunning surrounded by trees with a meticulously maintained lawn and landscaping. The one-story home has three bedrooms and two baths plus a sunroom with an attached deck. The gas forced air heating system and gas fireplace keep the home warm and comfortable. Relaxing in the sunroom is easy with an ultimate view for watching the birds and wildlife. There is a 24' x 24' garage and attached covered patio with hot tub. Enjoy the versatility of the covered patio, shifting from a cozy winter retreat by installing the wall panels to a summer sanctuary by removing the wall panels. In addition to the chicken coop, there is a garden shed and 2 additional sheds, one with an attached dog kennel, which allows pets to roam between the kennel and the partially fenced backyard. This well-maintained two-story home features spacious rooms, three bedrooms, one bathroom, and gas forced air heating. There is a good amount of cupboard space in the kitchen and a separate dining area. Laundry area conveniently located off the kitchen with a full bath off the laundry. The three bedrooms are located on the second floor. Outside, there is a 24' x 32' detached garage with room for a workshop too. Miscellaneous fruit trees including apples, cherries, peaches, plums, and pears are scattered throughout the yard along with some blueberry bushes. Convenient location close to the Knox Kane Rail Trail. Take advantage of the 2nd home by sharing the property with a family member or supplement your income with a long-term or short-term rental ideal due to its close proximity to Kinzua Bridge State Park, Kinzua Dam, Allegheny Reservoir, and the Bradford Airport. 3 ERICKSON DR. , MT. JEWETT IS INCLUDED IN THIS SALE. SELLERS ARE WILLING TO SUBDIVIDE THIS PROPERTY.

Key facts

• Approximately 1 acre
• Laundry area
• Separate dining area

Tags

• APPROXIMATELY 1 ACRE
• OVERSIZED DETACHED GARAGE
• METICULOUSLY MAINTAINED LAWN
• SEPARATE DINING AREA
• LAUNDRY AREA
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $67 ($806/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $118k (5.7% below list).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#1,366 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, health & safety D.
• Kane Area SD (rural): math 35% / reading 54% proficiency, ranked #291 of 539 in PA (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 29 units permitted in McKean County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($864 loan paydown + $4k appreciation (3.0% local appreciation)).
• McKean County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 259 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $245k (66%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1847 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 259 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 1847 — 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. 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. 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?
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: 0.94% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 8.8

CMA / ARV

• ARV (median comp): $143,896
• List price: $125,000
• Delta: -13.13%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16 Chestnut St	0.71mi	3/1.0	1,482 (+2%)	10mo	$71,000	$48	56
21 East Main St	0.58mi	3/2.0	1,426 (-2%)	18mo	$137,000	$96	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.7%
• Equity multiple: 1.55×
• Total profit: $19,352
• Equity at exit: $56,205

10-year hold

• IRR: 12.1%
• Equity multiple: 2.80×
• Total profit: $62,943
• Equity at exit: $86,619

Cash invested: $35,000 (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 16740

• Active inventory: 5
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,178 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $67

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 89%

Sensitivity live

Price	-10% $154	-5% $110	+0% $67	+5% $24	+10% $-19
Rent	-10% $-26	-5% $21	+0% $67	+5% $114	+10% $160
Rate	-1.0pp $130	-0.5pp $99	base $67	+0.5pp $35	+1.0pp $2

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $125,000 Active 259 DOM
2. 2026-06-18
   days on market $125,000 Active 258 DOM
3. 2026-06-17
   days on market $125,000 Active 257 DOM
4. 2026-06-16
   days on market $125,000 Active 256 DOM
5. 2026-06-15
   days on market $125,000 Active 255 DOM
6. 2026-06-14
   days on market $125,000 Active 253 DOM
7. 2026-06-12
   days on market $125,000 Active 252 DOM
8. 2026-06-09
   days on market $125,000 Active 249 DOM
9. 2026-06-08
   days on market $125,000 Active 248 DOM
10. 2026-06-07
    days on market $125,000 Active 247 DOM
11. 2026-06-04
    days on market $125,000 Active 243 DOM
12. 2026-06-02
    days on market $125,000 Active 242 DOM
13. 2026-06-01
    days on market $125,000 Active 241 DOM
14. 2026-05-31
    days on market $125,000 Active 240 DOM
15. 2026-05-31
    days on market $125,000 Active 239 DOM
16. 2025-10-15
    listed $369,900 Active 2082-char remark

    Show marketing remark (2082 chars)

    WELCOME HOME! TWO HOMES AND TWO GARAGES ON 6.67 ACRES (3 & 4 Erickson Dr. , Mt. Jewett) - Tucked in a peaceful, secluded setting but still within the borough limits, this property spans 6.67 acres and includes both a one-story and two-story home, along with two detached garages and several outbuildings. The grounds are stunning surrounded by trees with a meticulously maintained lawn and landscaping. The one-story home has three bedrooms and two baths plus a sunroom with an attached deck. The gas forced air heating system and gas fireplace keep the home warm and comfortable. Relaxing in the sunroom is easy with an ultimate view for watching the birds and wildlife. There is a 24' x 24' garage and attached covered patio with hot tub. Enjoy the versatility of the covered patio, shifting from a cozy winter retreat by installing the wall panels to a summer sanctuary by removing the wall panels. In addition to the chicken coop, there is a garden shed and 2 additional sheds, one with an attached dog kennel, which allows pets to roam between the kennel and the partially fenced backyard. This well-maintained two-story home features spacious rooms, three bedrooms, one bathroom, and gas forced air heating. There is a good amount of cupboard space in the kitchen and a separate dining area. Laundry area conveniently located off the kitchen with a full bath off the laundry. The three bedrooms are located on the second floor. Outside, there is a 24' x 32' detached garage with room for a workshop too. Miscellaneous fruit trees including apples, cherries, peaches, plums, and pears are scattered throughout the yard along with some blueberry bushes. Convenient location close to the Knox Kane Rail Trail. Take advantage of the 2nd home by sharing the property with a family member or supplement your income with a long-term or short-term rental ideal due to its close proximity to Kinzua Bridge State Park, Kinzua Dam, Allegheny Reservoir, and the Bradford Airport. 3 ERICKSON DR. , MT. JEWETT IS INCLUDED IN THIS SALE. SELLERS ARE WILLING TO SUBDIVIDE THIS PROPERTY.

17. 2025-10-03
    listed $125,000 Active 1443-char remark

    Show marketing remark (1443 chars)

    DREAMING OF YOUR OWN PRIVATE PARADISE? Tucked in a peaceful, secluded setting but still within the borough limits, this property includes . 80 +/- acre and a two-story home, along with an oversized detached garage. The grounds are stunning surrounded by trees and a meticulously maintained lawn and landscaping. This two-story home features spacious rooms, three bedrooms, one bathroom, and gas forced air heating. There is a good amount of cupboard space in the kitchen and a separate dining area. Laundry area conveniently located off the kitchen with a full bath off the laundry. The three bedrooms are located on the second floor. There is a 24' x 32' detached garage with room for a workshop too. Wonderful property for homesteading with plenty of nearby fruit trees including apples, cherries, peaches, plums, and pears along with blueberry bushes. Close to the Knox Kane Rail Trail, so no excuse for skipping your daily exercise routine. Nearby attractions include Kinzua Bridge State Park, Kinzua Dam, Allegheny Reservoir, and Bradford Airport. 3 AND 4 ERICKSON DR. , MT. JEWETT ARE CURRENTLY ASSESSED AS ONE PARCEL. IF THIS PARCEL IS SOLD SEPARATELY FROM 4 ERICKSON DR. , MT. JEWETT, A SUBDIVISION OF THE PROPERTY WILL BE REQUIRED ALONG WITH MUNICIPAL APPROVAL PRIOR TO CLOSING. THE ACTUAL LOT SIZES WILL BE DETERMINED AT THE TIME OF THE SUBDIVISION. SELLER WILL BE RESPONSIBLE FOR THE SURVEY AND ASSOCIATED COSTS FOR THE SUBDIVISION.

18. 2025-10-02
    historical
19. 2025-07-17
    listed $369,900 Active
20. 2025-02-26
    price $369,900
21. 2025-02-26
    price $369,900
22. 2025-01-10
    listed $375,000 Active
23. 2025-01-07
    listed $375,000 Active

ⓘ 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 1/10 Low 7 d/yr ≥88°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,142
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,131
• − Management: −$1,131
• − Depreciation: −$3,636
• Taxable loss: −$1,259
• Est. tax savings @ 24.0%: +$302
• After-tax cash flow: $1,108/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 · 1 photo

Fair 45/100 Moderate rehab

This property requires significant exterior and interior repairs, including siding and roof replacement, HVAC system replacement, and interior updates. While the landscaping is well-maintained, the overall condition suggests a moderate level of renovation is needed to increase its value.

Repairs flagged

• Major exterior siding — The siding is visibly weathered and needs replacement.
• Major roof — The roof has visible damage and may need replacement.
• Major flooring — The flooring in the garage and possibly the house is in poor condition and needs replacement.
• Major HVAC system — The HVAC system appears old and may need replacement to improve comfort and energy efficiency.
• Major interior walls/paint — The interior walls and paint need freshening and touch-up to improve the overall appearance of the home.

Value-add opportunities

• Both exterior siding and roof replacement — These repairs will improve the home's curb appeal and increase its value for both resale and rental.
• Both HVAC system replacement — A new HVAC system will improve comfort and energy efficiency, making the home more attractive to buyers and renters.
• Both paint and interior updates — Fresh paint and interior updates will improve the home's appearance and make it more attractive to potential buyers and renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · The siding is visibly weathered and needs replacement.	Major	$15,000–50,000
roof · The roof has visible damage and may need replacement.	Major	$15,000–50,000
flooring · The flooring in the garage and possibly the house is in poor condition and needs replacement.	Major	$15,000–50,000
HVAC system · The HVAC system appears old and may need replacement to improve comfort and energy efficiency.	Major	$15,000–50,000
interior walls/paint · The interior walls and paint need freshening and touch-up to improve the overall appearance of the home.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both exterior siding and roof replacement — These repairs will improve the home's curb appeal and increase its value for both resale and rental. ↑
• Both HVAC system replacement — A new HVAC system will improve comfort and energy efficiency, making the home more attractive to buyers and renters. ↑
• Both paint and interior updates — Fresh paint and interior updates will improve the home's appearance and make it more attractive to potential buyers and renters. ↑

ⓘ 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: Kane Area SD
• NCES district ID: 4212660
• Math proficiency: 35% ▼ -9.00%
• Reading proficiency: 54% ▼ -11.00%
• Median HH income: $41,784
• Composite: 37.36/100
• National rank: #4434
• State rank: #291 of 539 in PA

Livability — Mount Jewett

• Score: 62/100
• State rank: #1366
• US rank: #17074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Jewett, PA
• Population (ZIP): 823

Population outlook (McKean County) Hauer SSP2

• Today (2025): 40,518 people
• By 2030: 39,290 · -3.0%
• By 2040: 36,438 · -10.1%
• By 2050: 33,556 · -17.2%
• By 2075: 27,682 · -31.7%
• By 2100: 21,726 · -46.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 6%
• Common ancestry: Romanian 14% Italian 4% Serbian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · McKean

• 2024 margin: Solid R (+47.2) · D 26.0% · R 73.2%
• 2008→2024 swing: -29.9pp toward R · 2008: -17.3pp · 2024: -47.2pp
• All cycles: 2024: R+47.2 2020: R+46.2 2016: R+47.2 2012: R+28.2 2008: R+17.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-1.4% since first listed

8 events — show timeline

• 2025-10-15 Listed $369,900 UNYREIS
• 2025-10-03 Listed $125,000 UNYREIS
• 2025-10-02 Listing Removed — UNYREIS
• 2025-07-17 Listed $369,900 UNYREIS
• 2025-02-26 Price Changed $369,900 NMPA
• 2025-02-26 Price Changed $369,900 NMPA
• 2025-01-10 Listed $375,000 NMPA
• 2025-01-07 Listed $375,000 NMPA