Buy & Hold Overview:
Current
- Units: 1
- Gross Rents: Vacant
- Annual NOI: N/A
- Cap Rate: N/A_%
- Cash on Cash Return: N/A_%
- Current Market Value: $56,222.4
- Equity Upon Purchase: 0%
Projected
- Units: 1
- Gross Rents: $12,000
- Annual NOI: $7,604
- Cap Rate: 13.64%
- Cash on Cash Return: 31.53%(30 yr)
- ARV (After Repair Value): $60,000-$69,000
- Repair Estimate: $15,750
- Equity After Stabilized: 0%
Photos Link:
*GIS Map and Floorplan Included
https://photos.app.goo.gl/FtUjX8mXfrjr3L2v8
Highlights:
- Great Cash Flow Potential
- Strong Cash on Cash Return
- Minor Rehab to Get Rented
Repair Estimate:
Total Estimated Repair Range: 12-18k
https://docs.google.com/spreadsheets/d/1DNmsmgwqw_hAa0isk2a3UwhgU-qKBoMo-hLAeP5SJ9A/edit?usp=sharing
Current & Estimated Rental Analysis:
https://docs.google.com/spreadsheets/d/1a8xD1xzzAAmm6MgHstrUN-D5OwykordUKYLZ66xcMOs/edit?usp=sharing
Property Details:
- Units: 1
- Bed: 3
- Bath: 1
- Square feet: 1,248
- Lot Size: 1,307
- Year Built: 1900
- Zoning: Residential
- Stories: 2
- Heat: Electric Boiler (1983) good condition, Baseboard electric 1st floor
- Electric: 200 Amp Service
- Plumbing: Copper
- Water: public
- Sewer: public
- Roof: within last 10 years old, shingle
- Foundation: Concrete
- Windows: Wooden Windows
- Water Heater: Fair condition, age unknown
- Garage: None, on street parking
- Features: Front porch
- Flooring: Carpet, Vinyl wood in 2 upstairs bedrooms
- Flood Zone: yes (BFE)
- Mold Noted: None aware of, may be present
- Water Damage: yes, past plumbing leaks
- Water in Basement: yes, some water spots on the floor. Not severe amount
- Taxes: $400
Comparable Sales/CMA:
*we recommend any potential investor do their own due diligence and to use these as a point of reference only
ARV (After Repair Value) Comps:*Very limited Comparable sales. We did not use Frackville comps as values differ significantly.
103 S William St, Girardville, PA 17935 | Zillow *Mid-High end ARV
1 Units, 3 bed, 1.5 bath, 1,350 sqft, 1,742sqft acre lot, 2.4 miles from subject property
Sold for $69,900 on 6/27/24, DOM (days on market): 6 Days on Market
Price Per Unit: 51.77
_______________
346 W Main St, Girardville, PA 17935 | MLS #PASK2019904 | Zillow *Low end ARV
1 Units, 3 bed, 1 bath, 1,223 sqft, l,742sqft acre lot, 2.4 miles from subject property
Sold for $55,000 on 12/20/24, DOM (days on market): 6 (Relisted 3/4/24 and now active at 69,900)
Price Per Unit: 44.97
_______________
313 Preston Ave, Girardville, PA 17935 | Zillow *Low end ARV
1 Units, 3 bed, 1.5 bath, 1,166 sqft, 1,742 acre lot, 2.4 miles from subject property
Sold for $57,000 on 9/20/24, DOM (days on market): 43
Price Per Unit: 48.89
ARV (After Repair Value) Estimate:
Average PPU (Price Per Unit): 48.54
Subject Property Units: 1
ARV Estimate: 48.54 x 1,248 = 60,577.92
As-Is Value Comps:
355 W Preston Ave, Girardville, PA 17935 | Zillow *similar condition
1 Units, 3 bed, 1 bath, 1,136 sqft, 1,950sqft acre lot, 2.4 miles from subject property
Sold for $53,000 on 9/19/24, DOM (days on market): 7
Price Per Unit: 46.65
_______________
503 Main St, Gilberton, PA 17934 | Zillow *similar condition
1 Units, 3 bed, 1 bath, 1,404 sqft,. 0.38 lot size acre lot, 0.8 miles from subject property
Sold for $61,000 on 6/21/23, DOM (days on market): 11 m/o
Price Per Unit: 43.45
As-Is Value Estimate:
Average PPU (Price Per Unit): 45.05
Subject Property Units: 1
As-Is Estimate: 45.05 x 1,248 = $56,222.4
Estimated Market Rents:
Rent-o-Meter:
Rentometer: Average rent near Mahanoy Plane, Gilberton, PA [3-bedroom]
- Average Rents
- 3 bed 1 bath: $1029
Zillow:
Rental Listings – 3 Rentals | Zillow
- Average Rents (Limited Data)
- 3 bed 1 bath: $1,250
HUD Rates:
https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2025_code/2025summary.odn
Town Overview:
Mahanoy Plane, Pennsylvania, is a small community in Schuylkill County, known historically for its role in the coal mining industry. It was once a key point on the Philadelphia and Reading Railroad due to its inclined plane system used for transporting coal. Today, it’s a quiet residential area with a strong historical legacy tied to the anthracite coal region.
- Economic/Jobs: Mahanoy Plane’s economy is primarily white-collar, with most residents working in private companies, and a median household income around $51,250.
- Education: Mahanoy Plane is served by the Mahanoy Area School District, which operates Mahanoy Area Elementary School (grades K–6) and Mahanoy Area Junior/Senior High School (grades 7–12) .
- Lifestyle & Amenities:Mahanoy Plane offers a quiet, small-town lifestyle with access to local parks like Mahanoy Plane Park, which features a basketball court, playground, and tennis courts . The community is primarily residential, with nearby amenities including grocery stores, cafes, and restaurants.
Contact Us to Schedule a Walkthrough:
The Melito & Koch Team
- Team Line: (570) 413-0921
- Email: lenny@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures:
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- 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.
