1911 Pin Oak Dr #4 · Spry, PA 17402

$179,500

3 bd · 2.0 ba · 1,120 sqft · Townhouse · 6 Days on market

Built 1989 Average condition $160/sqft · at area comps Est $178k · at est.

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Why this score? — see what drove the C 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 +24.3/30.0
• DSCR +7.8/10.0
• ARV discount +7.0/15.0
• 1% rule +6.3/10.0
• Schools +4.8/10.0
• Livability +4.0/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Take advantage of this two-story townhouse located in the Dallastown School District! Featuring 3 bedrooms and 2 full baths, this home offers great potential for the right buyer. With a functional layout, generous room sizes, and plenty of natural light, there’s an opportunity to truly make this space your own. Whether you're looking to invest, downsize, or purchase your first home, this property offers both value and versatility in a convenient location close to local amenities, shopping, and major routes. A brand new deck just weeks old seals the deal. Please note, this property is part of a condominium association that was properly established with recorded documentation; however,

Key facts

• Garage
• Built 1989
• Listed 6 days

Property features AI

Exterior

• Parking: Attached front-entry garage (1 car); Driveway with 2 spaces; Total of 3 parking spaces
• Utilities: Public water; Public sewer
• Home design: Condominium; Semi-detached; Average condition
• Construction: Vinyl siding; Block foundation; Asphalt roof
• Exterior features: Deck(s); Not in a federal flood zone

Interior

• Kitchen: Kitchen (appliances not listed)
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: Two full bathrooms (one on upper level, one on lower level)
• Heating & cooling: Forced air heating; Central air conditioning (electric)
• Interior features: Partially finished basement; Living room
• Laundry & utility: Hot water: Electric

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $180k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $361 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).

Location & tenants

• Location reads 81/100 on livability (#173 in PA, #1,445 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities D-, commute F.
• Dallastown Area SD (suburban): math 47% / reading 63% proficiency, ranked #102 of 539 in PA (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Dallastown Area Ms (math 30% / reading 55%, grade D-, #216 of 512 statewide, top 43%, 1,027 students, 34% FRL); Dallastown Area Shs (math 71% / reading 24%, grade D, #164 of 437 statewide, top 38%, 2,014 students, 33% FRL).
• Market conditions: 177 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,328 units permitted in York County in 2024 (338 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 $5k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,500

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.13% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.62%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (median comp): $177,534
• List price: $179,500
• Delta: 1.11%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1911 Pin Oak Dr #4	0.00mi	3/2.0	1,120 (0%)	1mo	$195,000	$174	99
1899 Powder Mill Rd Unit B	0.08mi	2/2.0 (-1)	1,000 (-11%)	8mo	$170,000	$170	67
1902 Pin Oak Dr	0.05mi	2/1.0 (-1)	1,280 (+14%)	6mo	$167,000	$130	59

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

Projected returns pro-forma

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

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-6,054
• Equity at exit: $26,764

10-year hold

• IRR: 6.5%
• Equity multiple: 1.49×
• Total profit: $24,472
• Equity at exit: $15,520

Cash invested: $50,260 (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 17402

• Home prices YoY: -27.5%
• Active inventory: 177
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,027 high
• Mortgage (P&I): −$941
• Tax est. 1.5%: −$224 /mo · $2,692/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $361

Break-even live

Break-even rent $1,570

Max offer price $179,500

Occupancy floor 77%

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: $44,875
• Closing costs: $5,385
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
225 Cherry St York, PA	3.0	1.5	1300	$1,695	$1.30	43d	1	0.15mi
7202 Wynfield Blvd York, PA	3.0	2.0	1370	$2,099	$1.53	43d	1	0.71mi
42 Oak Ridge Dr York, PA	1.0–3.0	1.0–2.0	1221	$4,101	$3.36	13d	1	0.76mi
6101 Wynfield Blvd York, PA	2.0	2.0	1130	$1,899	$1.68	20d	1	0.87mi
5301 Wynfield Blvd York, PA	2.0	2.0	1130	$1,899	$1.68	43d	1	0.87mi
1 Wynfield Blvd York, PA	1.0–2.0	1.0–2.0	1000	$2,007	$2.01	13d	15	0.89mi
232 Oak Manor Dr York, PA	2.0	1.0	750	$1,080	$1.44	20d	1	0.95mi
41 Homeland Rd York, PA	3.0	1.5	1392	$2,295	$1.65	20d	1	1.11mi

Listing history 3 events

1. 2026-05-11
   status Pending 981-char remark
2. 2026-05-06
   listed $179,500 Active 981-char remark
3. 2026-04-30
   historical $179,500 981-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,329
• − Mortgage interest: −$10,055
• − Property taxes: −$2,692
• − Insurance: −$898
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − Depreciation: −$5,222
• Taxable income: $1,570
• Est. tax owed @ 24.0%: −$377
• After-tax cash flow: $3,957/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.

Condition & rehab AI · 12 photos

Average 55/100 Moderate rehab

This two-story townhouse in the Dallastown School District requires moderate renovations to update the kitchen and bathrooms, which would significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — outdated and in need of replacement
• Moderate kitchen flooring — dated and in need of replacement

Value-add opportunities

• Resale update kitchen cabinets and flooring — modernizing the kitchen would attract more buyers
• Resale update bathroom fixtures — modernizing the bathrooms would attract more buyers
• Both paint interior walls — painting the interior walls would improve the home's curb appeal and make it more inviting
• Both replace kitchen flooring — replacing the kitchen flooring would improve the home's curb appeal and make it more inviting
• Both update bathroom fixtures — modernizing the bathrooms would improve the home's curb appeal and make it more inviting

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · outdated and in need of replacement	Moderate	$3,000–15,000
kitchen flooring · dated and in need of replacement	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale update kitchen cabinets and flooring — modernizing the kitchen would attract more buyers ↑
• Resale update bathroom fixtures — modernizing the bathrooms would attract more buyers ↑
• Both paint interior walls — painting the interior walls would improve the home's curb appeal and make it more inviting ↑
• Both replace kitchen flooring — replacing the kitchen flooring would improve the home's curb appeal and make it more inviting ↑
• Both update bathroom fixtures — modernizing the bathrooms would improve the home's curb appeal and make it more inviting ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Dallastown Area SD
• NCES district ID: 4207230
• Math proficiency: 47% ▼ -5.00%
• Reading proficiency: 63% ▼ -9.00%
• Median HH income: $61,805
• Composite: 48.0/100
• National rank: #2199
• State rank: #102 of 539 in PA

Livability — Spry

• Score: 81/100
• State rank: #173
• US rank: #1445

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spry, PA
• County: York County · 278,806 people
• Metro: York-Hanover, PA
• Population (ZIP): 37,466
• Household income: $81,166
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 965.0

Population outlook (York County) Hauer SSP2

• Today (2025): 454,205 people
• By 2030: 457,407 · +0.7%
• By 2040: 457,529 · +0.7%
• By 2050: 448,261 · -1.3%
• By 2075: 427,388 · -5.9%
• By 2100: 384,218 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 11% Two or more races 8% Black 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 6% Dominican 1%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 87% English-only · Spanish 8% Other Indo-European 1% Arabic 1%

Political lean MEDSL · York

• 2024 margin: Strong R (+25.3) · D 36.9% · R 62.1%
• 2008→2024 swing: -11.7pp toward R · 2008: -13.6pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+24.6 2016: R+29.3 2012: R+21.2 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.97%
• Current HPI: 242.5694
• Rent YoY: —
• Metro: York-Hanover, PA
• 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

+8.6% since first listed

4 events — show timeline

• 2026-05-29 Sold (MLS) $195,000 BRIGHT MLS
• 2026-05-11 Pending — BRIGHT MLS
• 2026-05-06 Listed $179,500 BRIGHT MLS
• 2026-04-30 Coming Soon $179,500 BRIGHT MLS