240 Walnut St · Highspire, PA 17034

$185,000

3 bd · 1.0 ba · 1,440 sqft · SingleFamily public records · 4 Days on market

Built 1960 6,534 sqft lot $128/sqft · 6% below area Est $198k · 6% 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).

• Cash flow +10.5/30.0
• ARV discount +10.4/15.0
• Appreciation +5.8/10.0
• 1% rule +4.2/10.0
• Livability +3.2/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0

Key facts

• 6,534 sq ft lot
• Built 1960
• Listed 4 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas hot water
• Home design: Detached property
• Construction: Brick construction; Other foundation
• Exterior features: Not in a federal flood zone; Above-grade and below-grade other structures

Interior

• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Hot water heating; Natural gas heating fuel; Central air conditioning (electric)
• Interior features: Living room; Dining room; Sun/Florida room; Bonus room; Has fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-94 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $168k (9.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (8.0% below list).
• Recommended offer: $168k (9.0% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 4.0% in Highspire — 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 63/100 on livability (#1,272 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Steelton-Highspire SD (suburban): math 2% / reading 9% proficiency, ranked #538 of 539 in PA (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Steelton-Highspire El Sch (math 2% / reading 12%, grade F, #1,491 of 1,518 statewide, top 98%, 738 students, 100% FRL); Steelton-Highspire Hs (math 2% / reading 6%, grade F, #434 of 437 statewide, top 99%, 599 students, 100% FRL) — zoned schools average 100% FRL vs 68% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 17 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 540 units permitted in Dauphin County in 2024 (194 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($1k loan paydown + $3k appreciation (1.5% local appreciation)).
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $64k; list at $185k implies a 191% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,414 (9.0% 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. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.92% ✗
• Cap rate: 5.68%
• Cash-on-cash: -2.18%
• DSCR: 0.90
• GRM: 9.1

CMA / ARV

• ARV (median comp): $197,536
• List price: $185,000
• Delta: -6.35%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
56 Vine St	0.21mi	3/1.5	1,440 (0%)	16mo	$224,000	$156	76
192 Market St	0.15mi	3/1.0	1,534 (+6%)	8mo	$210,000	$137	75
101 Roop St	0.05mi	3/2.0	1,549 (+8%)	16mo	$185,000	$119	67
46 Vine St	0.22mi	2/1.5 (-1)	1,305 (-9%)	6mo	$183,000	$140	62
74 Vine St	0.20mi	4/1.5 (+1)	1,640 (+14%)	2mo	$190,000	$116	59
162 Penn St	0.23mi	3/1.5	1,320 (-8%)	18mo	$217,000	$164	58
80 Chestnut St	0.07mi	4/2.0 (+1)	1,631 (+13%)	11mo	$235,000	$144	57
2625 S 3rd St	0.73mi	3/2.0	1,424 (-1%)	13mo	$230,000	$162	49
527 Eshelman St	0.74mi	3/1.0	1,521 (+6%)	11mo	$227,900	$150	47
4 Greenwood Dr	0.70mi	3/1.0	1,244 (-14%)	5mo	$239,000	$192	41
78 Manny Dr	0.74mi	3/2.0	1,568 (+9%)	12mo	$85,000	$54	37
31 Conway Dr	0.72mi	2/2.0 (-1)	1,288 (-11%)	20mo	$351,000	$273	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.04×
• Total profit: $2,323
• Equity at exit: $68,176

10-year hold

• IRR: 5.3%
• Equity multiple: 1.69×
• Total profit: $35,506
• Equity at exit: $94,617

Cash invested: $51,800 (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 17034

• Home prices YoY: 0.6%
• Active inventory: 17
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,703 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$392 /mo · $4,700/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $-94

Break-even live

Break-even rent $1,821

Max offer price $168,414

Occupancy floor —

Sensitivity live

Price	-10% $11	-5% $-42	+0% $-94	+5% $-146	+10% $-199
Rent	-10% $-228	-5% $-161	+0% $-94	+5% $-27	+10% $41
Rate	-1.0pp $-1	-0.5pp $-47	base $-94	+0.5pp $-142	+1.0pp $-191

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
502 Eshelman St Highspire, PA	3.0	1.5	1300	$1,585	$1.22	23d	1	0.69mi
625 Willow St Unit 610J *U/R Highspire, PA	2.0	1.0	1008	$1,250	$1.24	25d	1	0.90mi
1239 Amber Ln Harrisburg, PA	2.0–3.0	2.5	1414	$2,260	$1.60	16d	9	1.09mi

Listing history 3 events

1. 2026-05-17
   listed $185,000 Active 718-char remark
2. 2026-05-15
   historical $185,000 718-char remark
3. 1987-06-30
   soldstatus $63,500

ⓘ 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: $4,700 · $392/mo
• Projected year-2 tax: $4,700 · $392/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,430
• − Mortgage interest: −$10,363
• − Property taxes: −$4,700
• − Insurance: −$925
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − Depreciation: −$5,382
• Taxable loss: −$4,208
• Est. tax savings @ 24.0%: +$1,010
• After-tax cash flow: $-117/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: Steelton-Highspire SD
• NCES district ID: 4222800
• Math proficiency: 2% ▼ -4.00%
• Reading proficiency: 9% ▼ -12.00%
• Median HH income: $40,685
• Composite: 4.98/100
• National rank: #10040
• State rank: #538 of 539 in PA

Livability — Highspire

• Score: 63/100
• State rank: #1272
• US rank: #15383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Highspire, PA
• City population: 2,988
• Population (ZIP): 2,988

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 16% Hispanic / Latino 14% Two or more races 10%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5% Cuban 7%
• Common ancestry: Polish 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 6% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.52%
• Current HPI: 266.3558
• 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

+191.3% since first listed

4 events — show timeline

• 2026-05-20 Pending — BRIGHT MLS
• 2026-05-17 Listed $185,000 BRIGHT MLS
• 2026-05-15 Coming Soon $185,000 BRIGHT MLS
• 1987-06-30 Sold (Public Records) $63,500 Public Records

Property tax history

+1.5%/yr

Latest (2026): $4,700 · +4.0% YoY. Source: county tax records.