## This is the question we asked 379 real estate investors:

> Would you buy a rental property for $100,000 ($30,000 + $70,000 renovation) that generates $2,067/mo rent and $1,500/mo [free cash flow](https://offermarket.us/real-estate-glossary/free-cash-flow) BUT is located in a top 10 "unhappiest" city? The city is Johnstown, PA.

 

## 95% responded Yes

 

Now this is an attractive investment from a cash flow perspective, but we were admittedly surprised that only 19 of the 379 investors polled would not do this deal.

 

## The deal: ​714-714 1/2 Somerset St, Johnstown, PA 15901

 

![714-714 1:2 Somerset St, Johnstown, PA 15901 - front.png](https://cms.offermarket.us/uploads/714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746b.png)

 

- Property type: 3-unit
- Offered at: $30,000
- Estimated rehab: $70,000
- Monthly rent (Section 8): $2,067
- Cash-on-cash return: 20% - 23.5%
- Cash Flow: $1,500 per month

 

## Johnstown, PA: Top 10 Unhappiest Cities In America

According to a study, "Unhappy Cities", published by the National Bureau of Economic Research, Johnstown, PA ranks 6th in the top 10 for the least happy American regions.

 

Johnstown City, PA by the numbers (US Census Bureau):

 

- Population (2019 estimate): 19,195
- Population change (2010 - 2019): -8.5%
- Persons in poverty: 39.7%
- Median household income: $24,294
- Per capita income: $16,383
- Bachelor's degree or higher: 12.5% (compare to 31.5% nationally)
- Owner occupied housing rate: 46.5%

 

## Johnstown Housing Authority

 

We spoke with a Section 8 housing coordinator at the Johnstown Housing Authority who provided the following insights:

> We are always in need of quality housing, there is a shortage in Johnstown. If these units were made available to the program, they would fill quickly.

 

Section 8 Rates (2021): 

 

- 1 BR $572 per month (utilities included)
- 2 BR $724 per month (utilities included)
- 3 BR $923 per month (utilities included)

 

## Would you buy this rental property?

Would you buy a rental property for $100,000 ($30,000 + $70,000 renovation) that generates $2,067/mo rent and $1,500/mo free cash flow BUT is located in a top 10 "unhappiest" city? The city is Johnstown, PA.

large_714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746a.png

medium_714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746a.png

small_714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746a.png

thumbnail_714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746a.png

714_714_1_2_Somerset_St_Johnstown_PA_15901_front_3e67f1746a.png

95% of Investors Would Buy This Rental Property In Johnstown

95% of Investors Would Buy This Rental Property In Top 10 'Unhappiest' City Johnstown, PA. Would you?

## Every day is We Buy Houses day at OfferMarket

 

This article shall serve as notice that every day at OfferMarket is 'We Buy Houses' day. As long as you ask yourself or Google "what is we buy houses", OfferMarket needs to be top of mind. We Buy Houses is taking on a new meaning thanks to our super modern technology and ridiculously simple real estate transaction process.

 

## How does we buy houses work?

 

We buy houses is a saying used by real estate wholesalers who want to put your house under contract with a cash offer and then sell the contract to an actual buyer. Some [real estate wholesalers](https://www.offermarket.us/guides/wholesale-real-estate-101) will tell you that they are the actual buyer, others will be honest and let you know that they have cash buyers to whom they will assign the contract.

 

## Does OfferMarket actually buy houses?

 

At OfferMarket, we buy houses differently. The 'we' in by 'we buy houses' is our nationwide network of qualified buyers who submit offers directly to you on our real estate marketplace. Here, buyers compete and you get a fair price. Learn more about [how OfferMarket works](https://www.offermarket.us/frequently-asked-questions/how-does-offermarket-work).

 

We are also directly buying select rental properties for our own rental property portfolio. That's right, if you [create your free listing](https://www.offermarket.us/sell) on our platform, we may provide you with a direct purchase offer where we are the actual buyer and we close in under 30 days because we buy houses for cash.

 

## Where do we buy houses?

 

OfferMarket is a technology-driven online marketplace. We buy houses everywhere in the United States.

 

## Some of the real estate markets we buy houses in:

 

- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- [Maryland](https://www.offermarket.us/we-buy-houses/baltimore-md)
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- [Washington, D.C.](https://www.offermarket.us/we-buy-houses/washington-dc)
- West Virginia
- Wyoming

 

## We Buy Houses AS IS, In Any Condition! 🏚️

 

From turnkey to teardown, we buy houses in any condition. Even if your house looks like this...

 

<iframe width="560" height="315" src="https://www.youtube.com/embed/Sy8RMWsR_Qw" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

 

If your home looks like the inside of the one in this video, and you're thinking to yourself "man, I need to sell my house fast", you should stop reading and create your free listing on OfferMarket.

 

​We buy houses in any condition. We buy houses in poor condition. Selling a house in poor condition is our specialty. Wondering [how to sell a house in poor condition](https://www.offermarket.us/guides/selling-a-house-in-poor-condition)? Read our guide!

Every day is 'We Buy Houses' day at OfferMarket. How does we buy houses work? Learn more.

Every Day is We Buy Houses Day at OfferMarket

large_We Buy Houses - MetaImage.jpg

medium_We Buy Houses - MetaImage.jpg

small_We Buy Houses - MetaImage.jpg

thumbnail_We Buy Houses - MetaImage.jpg

We Buy Houses - MetaImage.jpg

'We Buy Houses' Day - Real Estate Blogs - OfferMarket

Announcing 'We Buy Houses' Day

[Sell My House Fast Day](https://www.offermarket.us/blog/sell-my-house-fast-day) and [We Buy Houses Day](https://www.offermarket.us/blog/we-buy-houses-day) happens every day at OfferMarket.

 

If you need to sell your house fast in Baltimore, we want to be your trusted home sale platform. Let's meet Jessica, a seller who received multiple competitive offers for her house in the Parkside neighborhood of Baltimore City from OfferMarket's buyer network.

 

Jessica's [house was in poor condition](https://www.offermarket.us/listings/4329-Roberton-Ave-Baltimore-MD-21206-USA) and she needed to sell fast. Before reaching out to OfferMarket, a local Realtor offered her $59,500 in an off-market transaction and she was hesitant to accept the offer.

 

Jessica had a feeling she could get more for her property, but the last thing she wanted to do was spend time and money conducting repairs. Jessica didn't know how much her property was worth so wondered if it would be possible to receive multiple offers from buyers she could rely on to close quickly without inspection concessions and contingencies.

 

While researching other options, Jessica found our [Sell My House Fast Baltimore, MD](https://www.offermarket.us/sell-my-house-fast/baltimore-md) overview and she decided to give our no obligation [Get Offers](https://www.offermarket.us/sell) service a shot.

 

## Here are the stats from Jessica's campaign:

 

- **Lockbox showings:** 11 qualified buyers (photo ID, proof of funds)
- **Offers received:** 5
- **Winning offer:** $75,000, hard money, AS IS, close in 16 days
- **Seller savings:** $11,500

 

Every seller has a story to tell, read our [Google Reviews](https://www.google.com/search?q=offermarket) to see if selling your house fast with OfferMarket is right for you.

 

## Sell My House Fast: Get Offers with OfferMarket 👇

Every seller has a Sell My House Fast story to tell. Meet Jessica, who saved $11,500 by selling with OfferMarket.

large_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

medium_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

small_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

thumbnail_5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

5-Star Reviews - OfferMarket Seller Stories - Blog.jpg

Sell My House Fast Success Story Jessica Baltimore, MD  - OfferMarket Blog

Sell My House Fast Success Story: Jessica From Baltimore, MD

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

### What is an ADU?

 

ADU stands for "accessory dwelling unit". An ADU is a smaller residential dwelling unit - commonly referred to as a "granny flat", "secondary suite", "accessory apartment" - located on the same lot as a larger detached single-family home.

 

### Related concepts:

 

- [SFR](https://www.offermarket.us/real-estate-glossary/sfr)
- [Duplex](https://www.offermarket.us/real-estate-glossary/duplex)

An ADU is an Accessory Dwelling Unit, which is also referred to as a "granny flat". There's more to learn at OfferMarket.

*Quote takes 1 minute, no credit pull

*1 quote from 40+ carriers

*New listings daily

What is ADU in real estate?

* Takes 2 minutes, no credit pull

What is an ADU?

* Takes 2 minutes, no credit pull