Buy & Hold Overview:
Current
- Units: 1
- Gross Rents:
- Annual NOI:
- Cap Rate:
- Cash on Cash Return: N/A
- Current Market Value: N/A
- Equity Upon Purchase: N/A
- Lease Type: Vacant
Projected
- Units: 1
- Gross Rents: $850
- Annual NOI: $6360
- Cap Rate: 8.48%
- Cash on Cash Return: 9.1%
- ARV (After Repair Value): $102,000
- Repair Estimate: $30,000 – $50,000
Photos Link and Floor Plans:
*GIS Map Included
https://photos.app.goo.gl/d9hGD4iuoWoTXCEe8
Highlights:
- Low entry cost
- Livable
- Starter home
Repair Estimate:
Total Estimated Repair Range: $30,000 – $50,000
https://docs.google.com/spreadsheets/d/1HTykhwk_8VQ1TzQs5bEBPXbnQXWslbRh8ES8CxLICns/edit?usp=sharing
Rental Analysis:
https://docs.google.com/spreadsheets/d/1g_JXnL7bET_nWVJRHqlt4oklMnK0rAmA-mJS60xbB24/edit?usp=sharing
Property Details:
- Beds: 3
- Baths: 1
- Total Rooms: 7
- Square Footage:1200 SF
- Lot Size: .2 acre
- Year Built: 1929
- Zoning: Residential
- Heat: Oil hot water. 2021
- Electric: 100 amp. Age unknown.
- Plumbing: Mixed and upgraded as needed.
- Water: public,
- Sewer: public
- Roof: Metal 2018
- Foundation: Block
- Windows: New vinyl. Age unknown
- Water Heater: Electric 2020
- Garage: none
- Features:Off street parking
- Flooring: Needs updated
- Flood Zone: no
- Mold Noted: no
- Water Damage: no
- Taxes: $900
Comparable Sales:
*these comps are all pulled from Zillow.com, we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Comps:
https://www.zillow.com/homedetails/618-McBride-St-Clearfield-PA-16830/78590884_zpid/
3 bed, 2 bath, 1208 sq ft, .25 acre lot, 1 mile from subject property
Sold 3/5/24 $122,000- $101 psf
https://www.zillow.com/homedetails/701-McBride-St-Clearfield-PA-16830/78590957_zpid/
3 bed,1 bath, 1652 sq ft, 1650 sqft, 1 mile from subject property
Sold 12/9/24 for $120K $72.63 psf
https://www.zillow.com/homedetails/48-Buckhorn-Dr-Clearfield-PA-16830/78590513_
3 bed, 2 bath, 1400 sqft, .2 acre lot, 2 miles from subject property
Sold 9/19//24 $115,000- $82.40 psf
ARV (After Repair Value) Estimate:
Average PPSF): $85
Property SF : 1200
ARV Estimate: $102,000
Estimated Market Rents:
- Average Rents
- 3 bed 1 bath: $800 – $1100
- This is based on Facebook rental listings, zillow rental listings, and standard section 8 rates in the area for 3 bed 1 bath apartments
- 3 bed 1 bath: $800 – $1100
Town Overview:
Clearfield, PA, is a historic town in Clearfield County, located along the West Branch of the Susquehanna River. Once known for coal mining and lumber, it now offers outdoor recreation, local history, and a tight-knit community.
- Economic/Jobs: As of 2024, Clearfield has an employment rate of about 60%, with key sectors including healthcare, manufacturing, and retail. Healthcare, led by Clearfield Hospital, is a significant employer, while retail benefits from the town’s role as the county seat.
- Education: Clearfield Area School District serves the town, with Clearfield Area High School and several elementary schools. Nearby Penn State DuBois and Lock Haven University offer higher education options.
- Lifestyle & Amenities: Clearfield offers a relaxed lifestyle with access to parks, local shops, restaurants, and outdoor activities like fishing and hiking. The town also hosts events like the Clearfield County Fair, adding to its community atmosphere.
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- Team Line: 814-201-6172
- Email: jay@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures:
- ORAL CONSUMER NOTICE:
We are agents, but not YOUR agent until a representation agreement is signed. Real Estate Law requires us to provide a written notice describing various business relationships you may have with a real estate licensee. Information shared at this time is not confidential unless a business relationship is established. - HOLD HARMLESS ACKNOWLEDGEMENT:
All investment data is for informational purposes only. Real estate investment carries inherent risk. The Melito & Koch Team and associated entities are not liable for any reliance on the data provided. Always conduct your due diligence and consult financial/legal advisors. - DUE DILIGENCE:
This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
