510 Maple Ave · Derry, PA 17044

$205,000

3 bd · 1.0 ba · 1,813 sqft · Other public records · 3 Days on market

Built 1950 7,405 sqft lot

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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).

• Cash flow +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled, roomy 3 bedroom, 1.5 bath home, hardwood floors, natural gas heat, gas logs, replacement windows upstairs, 2008 updates: Gutters, roof, furnace, electric system, heat runs.

Key facts

• Covered porch
• Cherry cabinets
• Large living room

Tags

• COVERED PORCH
• LARGE LIVING ROOM
• BRICK GAS FIREPLACE
• EAT-IN KITCHEN
• CHERRY CABINETS
• SOLID SURFACE COUNTERS

Property features AI

Finance

• Other: Fee simple ownership; Property condition listed as good; Finished above-grade area approx. 1,813; Finished/Unfinished below-grade area (unfinished approx. 672); Lot roughly 50 x 150

Exterior

• Parking: Detached garage (front entry) with 1 garage space; Driveway with 2 parking spaces (3 total parking spaces)
• Utilities: Public water; Public sewer; Municipal trash service not provided
• Home design: Detached property; Not in a federal flood zone
• Construction: Aluminum siding; Block foundation; Rubber and shingle roof; Replacement windows; Estimated year built
• Exterior features: Outbuilding(s); Sidewalks; Deck(s); Porch(es)

Interior

• Kitchen: Dishwasher; Electric oven/range; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood; Laminate plank
• Bathrooms: One full bathroom on the upper level; One half bathroom on the main level
• Heating & cooling: Hot water heating (natural gas); Wall and window cooling units; 200+ amp electric service; Electric hot water
• Interior features: Ceiling fans; Eat-in kitchen; Attic access; Tub with shower
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $205k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/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 $200k (2.4% below list).
• Recommended offer: $200k (2.4% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 4.5% in Derry — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#952 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Mifflin County SD (town): math 28% / reading 49% proficiency, ranked #380 of 539 in PA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lewistown El Sch (math 17% / reading 27%, grade F, #1,221 of 1,518 statewide, top 81%, 486 students, 100% FRL); Mifflin Co Ms (math 16% / reading 51%, grade F, #342 of 512 statewide, top 67%, 689 students, 59% FRL); Mifflin Co Hs (math 76% / reading 24%, grade D+, #133 of 437 statewide, top 30%, 1,086 students, 34% FRL) — zoned schools average 64% FRL vs 44% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 73 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 58 units permitted in Mifflin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Mifflin County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $96k; list at $205k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,000 (2.4% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
5. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 7.71%
• Cash-on-cash: 5.08%
• DSCR: 1.23
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -8.4%
• Equity multiple: 0.69×
• Total profit: $-17,768
• Equity at exit: $30,566

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $4,371
• Equity at exit: $17,725

Cash invested: $57,400 (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 17044

• Home prices YoY: -6.7%
• Active inventory: 73
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$177 /mo · $2,120/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $243

Break-even live

Break-even rent $1,693

Max offer price $205,000

Occupancy floor 83%

Sensitivity live

Price	-10% $359	-5% $301	+0% $243	+5% $185	+10% $127
Rent	-10% $85	-5% $164	+0% $243	+5% $322	+10% $401
Rate	-1.0pp $346	-0.5pp $295	base $243	+0.5pp $190	+1.0pp $136

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 4th Ave Burnham, PA	3.0	2.0	1960	$2,000	$1.02	45d	1	1.19mi

Listing history 4 events

1. 2026-06-15
   statusdays on market $205,000 Pending 3 DOM
2. 2026-06-13
   days on market $205,000 Active 2 DOM
3. 2026-06-12
   remarks 699-char remark
4. 2026-06-12
   listed $205,000 Active 1 DOM

ⓘ 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: $2,120 · $177/mo
• Projected year-2 tax: $2,679 · $223/mo
• Expected delta: +$560/yr (+$47/mo · 26.4%)

ⓘ 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 5/10 Major 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,000
• − Mortgage interest: −$11,483
• − Property taxes: −$2,120
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − Depreciation: −$5,964
• Taxable loss: −$432
• Est. tax savings @ 24.0%: +$104
• After-tax cash flow: $3,018/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: Mifflin County SD
• NCES district ID: 4215290
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 49% ▼ -9.00%
• Median HH income: $40,718
• Composite: 32.28/100
• National rank: #5755
• State rank: #380 of 539 in PA

Livability — Derry

• Score: 67/100
• State rank: #952
• US rank: #10435

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Highland Park, PA
• Population (ZIP): 20,526

Population outlook (Mifflin County) Hauer SSP2

• Today (2025): 44,611 people
• By 2030: 43,212 · -3.1%
• By 2040: 40,197 · -9.9%
• By 2050: 36,813 · -17.5%
• By 2075: 28,833 · -35.4%
• By 2100: 20,296 · -54.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 2% Polish 2% Serbian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Mifflin

• 2024 margin: Solid R (+56.4) · D 21.4% · R 77.9%
• 2008→2024 swing: -22.8pp toward R · 2008: -33.7pp · 2024: -56.4pp
• All cycles: 2024: R+56.4 2020: R+56.1 2016: R+57.5 2012: R+46.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -15.27%
• Current HPI: 214.2729
• 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

+138.4% since first listed

14 events — show timeline

• 2026-06-11 Listed $205,000 BRIGHT MLS
• 2014-07-30 Sold (Public Records) $96,500 Public Records
• 2014-07-18 Sold (MLS) $96,500 BRIGHT MLS
• 2014-05-13 Listed $99,000 BRIGHT MLS
• 2014-05-13 Listed $99,000 BRIGHT MLS
• 2012-11-20 Sold (Public Records) $92,000 Public Records
• 2012-11-20 Sold (MLS) $92,000 BRIGHT MLS
• 2012-07-17 Listed $92,000 BRIGHT MLS
• 2012-07-17 Listed $92,000 BRIGHT MLS
• 2008-07-02 Sold (Public Records) $51,500 Public Records
• 2008-05-23 Sold (MLS) $51,500 BRIGHT MLS
• 2008-02-28 Listed $54,900 BRIGHT MLS
• 2004-04-28 Sold (MLS) $88,000 BRIGHT MLS
• 2004-02-09 Listed $86,000 BRIGHT MLS

Property tax history

+0.5%/yr

Latest (2026): $2,120 · +0.8% YoY. Source: county tax records.