658 Route 536 · Ringgold, PA 16040

$129,900

2 bd · 1.5 ba · 600 sqft · Other public records · 157 Days on market

Built 1895 0.25 ac lot $216/sqft · 65% above area Est $157k · 17% under

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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).

• ARV discount +15.0/15.0
• Cash flow +8.0/30.0
• Schools +4.0/10.0
• Appreciation +3.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• 1% rule +1.4/10.0

Listing remarks MLS

Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

Key facts

• Backyard shed
• 0.25 acre lot
• 3 garage spots

Tags

• BACKYARD SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath other listed at $130k.

Deal economics

• At list price, monthly cash flow is $-133 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $106k (18.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $83k (36.1% below list).
• Recommended offer: $83k (36.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Punxsutawney Area SD (town): math 43% / reading 53% proficiency, ranked #239 of 539 in PA (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 4 active listings in the ZIP; 41 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.2%/yr); year-one equity from $898 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 157 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $13k; list at $130k implies a 899% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,005 (36.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 157 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Built in 1895 — 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. 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?
7. 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.
8. 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.
9. 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: 0.64% ✗
• Cap rate: 5.07%
• Cash-on-cash: -4.38%
• DSCR: 0.81
• GRM: 13.0

CMA / ARV

• ARV (median comp): $157,217
• List price: $129,900
• Delta: -17.38%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-2.17% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.31×
• Total profit: $-25,007
• Equity at exit: $24,214

10-year hold

• IRR: -11.2%
• Equity multiple: 0.21×
• Total profit: $-28,862
• Equity at exit: $19,734

Cash invested: $36,372 (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 16040

• Home prices YoY: -2.3%
• Active inventory: 4
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $830 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$53 /mo · $638/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $-133

Break-even live

Break-even rent $998

Max offer price $106,442

Occupancy floor —

Sensitivity live

Price	-10% $-59	-5% $-96	+0% $-133	+5% $-170	+10% $-206
Rent	-10% $-198	-5% $-166	+0% $-133	+5% $-100	+10% $-67
Rate	-1.0pp $-67	-0.5pp $-100	base $-133	+0.5pp $-166	+1.0pp $-201

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $129,900 Active 157 DOM
2. 2026-06-18
   days on market $129,900 Active 155 DOM
3. 2026-06-17
   days on market $129,900 Active 154 DOM
4. 2026-06-16
   days on market $129,900 Active 153 DOM
5. 2026-06-15
   days on market $129,900 Active 152 DOM
6. 2026-06-13
   days on market $129,900 Active 150 DOM
7. 2026-06-12
   days on market $129,900 Active 149 DOM
8. 2026-06-09
   days on market $129,900 Active 146 DOM
9. 2026-06-08
   days on market $129,900 Active 145 DOM
10. 2026-06-08
    days on market $129,900 Active 144 DOM
11. 2026-06-07
    days on market $129,900 Active 143 DOM
12. 2026-06-04
    days on market $129,900 Active 140 DOM
13. 2026-06-02
    days on market $129,900 Active 139 DOM
14. 2026-06-01
    days on market $129,900 Active 138 DOM
15. 2026-05-31
    days on market $129,900 Active 137 DOM
16. 2026-05-19
    price $129,900 659-char remark

    Show marketing remark (659 chars)

    Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

17. 2026-05-19
    price $129,900

    Show marketing remark (659 chars)

    Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

18. 2026-03-14
    price $143,000

    Show marketing remark (659 chars)

    Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

19. 2026-03-14
    price $143,000 659-char remark

    Show marketing remark (659 chars)

    Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

20. 2026-01-15
    listed $145,000 Active 659-char remark

    Show marketing remark (659 chars)

    Make this one your own! This 2 bed 1.5 bath home with a detached 1 car garage is ready for you to call home! Some cosmetic work and this one will shine! Contains a shed out back for your favorite hobby, toys or extra storage. A new furnace was installed last May. Newer metal roof. This one has good bones and needs a bit of TLC. Purchase the home next door for yourself and this one for your bestie or favorite people. . Come take a look and bring your offer. Great for a starter home or rental. and only 16 miles to Punxsutawney, 8 miles to New Bethlehem, 13 miles to Brookville close to everything but out of town for country living. Come see for yourself!

21. 2026-01-14
    listed $145,000 Active
22. 2015-03-23
    soldstatus $13,000
23. 2001-05-02
    soldstatus $45,000

ⓘ 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: $638 · $53/mo
• Projected year-2 tax: $1,345 · $112/mo
• Expected delta: +$707/yr (+$59/mo · 110.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,961
• − Mortgage interest: −$7,276
• − Property taxes: −$638
• − Insurance: −$650
• − Repairs & maintenance: −$797
• − Management: −$797
• − Depreciation: −$3,779
• Taxable loss: −$3,976
• Est. tax savings @ 24.0%: +$954
• After-tax cash flow: $-639/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: Punxsutawney Area SD
• NCES district ID: 4219800
• Math proficiency: 43% ▲ 1.00%
• Reading proficiency: 53% ▼ -8.00%
• Median HH income: $40,610
• Composite: 40.19/100
• National rank: #3787
• State rank: #239 of 539 in PA

Livability — Ringgold

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

Census & demographics

• Population (ZIP): 1,013

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 42,134 people
• By 2030: 40,512 · -3.8%
• By 2040: 36,747 · -12.8%
• By 2050: 32,755 · -22.3%
• By 2075: 24,402 · -42.1%
• By 2100: 16,398 · -61.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Black 3% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Romanian 6% Iranian 5% Lithuanian 4%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+58.5) · D 20.4% · R 78.8%
• 2008→2024 swing: -28.7pp toward R · 2008: -29.8pp · 2024: -58.5pp
• All cycles: 2024: R+58.5 2020: R+58.9 2016: R+59.8 2012: R+45.4 2008: R+29.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.17%
• Current HPI: 93.9004
• 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

+188.7% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $129,900 AVBREALTORS
• 2026-05-19 Price Changed $129,900 West Penn MLS
• 2026-03-14 Price Changed $143,000 West Penn MLS
• 2026-03-14 Price Changed $143,000 AVBREALTORS
• 2026-01-15 Listed $145,000 AVBREALTORS
• 2026-01-14 Listed $145,000 West Penn MLS
• 2015-03-23 Sold (Public Records) $13,000 Public Records
• 2001-05-02 Sold (Public Records) $45,000 Public Records

Property tax history

+0.5%/yr

Latest (2026): $638 · +0.1% YoY. Source: county tax records.