645 Miltonberger Rd · Cashtown, PA 17353

$135,000

2 bd · 1.0 ba · 1,700 sqft · Other public records · 72 Days on market

Built 1970 $79/sqft · 46% below area Est $252k · 46% under ↓ 17% since listing

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Why this score? — see what drove the B 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 +23.6/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.6/10.0
• 1% rule +5.4/10.0
• Schools +4.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Located in the heart of Adams County, conveniently positioned between Caledonia State Park and Pine Grove State Park, and just steps from the 85,500-acre Michaux State Forest. This three-bedroom hunting cabin is turn-key and ready for spring and summer adventures in the forest. Eat-in kitchen with propane stove and refrigerator. 3 bedrooms (one does not have a closet), 1 spacious full bath with stall shower full size laundry. Large Living Room with pool table and wood stove as well as a smaller sitting room. There is a pulldown to access the attic which has 8 foot clearance and is insulated if you want to finish another bunk room. Convenient sheds to keep all your outdoor equipment or even fit a car if snow is expected. Peaceful wooded surroundings and space to roam. Whether you're looking for a weekend get-a-way or hunting cabin, this one is ready for you. Close to hiking trails, biking, hunting, fishing, and even golfing! A short drive will take you to historic Gettysburg or Chambersburg. Explore the beauty of Pine Grove Furnace State Park, Laurel Lake, Fuller Lake, Long Pine Run Reservoir. This property is on a private land lease - you do not have to be a PA resident to purchase, but it does require cash. The lease is a private land lease at $600 per year for 5 years with a 5 year renewable option. Owners are not restricted as to when they can be at the property, but it is not to be used as a primary residence.

Key facts

• Propane stove
• Wood stove
• Insulated attic

Tags

• EAT-IN KITCHEN
• PROPANE STOVE
• WOOD STOVE
• PULLDOWN ACCESS TO ATTIC
• INSULATED ATTIC
• CONVENIENT SHEDS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $135k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#1,329 in PA) — a middle-class / working-renter tenant base. Strengths: schools A, crime A-, cost of living A-; Watch: amenities F, commute F, health & safety F.
• Gettysburg Area SD (rural): math 46% / reading 60% proficiency, ranked #132 of 539 in PA (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 20 active listings in the ZIP; 403 units permitted in Adams County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($933 loan paydown + $14k appreciation (10.0% local appreciation)).
• Adams County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Recommended offer $126,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
6. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.11%
• DSCR: 1.36
• GRM: 8.0

CMA / ARV

• ARV (median comp): $252,315
• List price: $135,000
• Delta: -46.50%
• Verdict: UNDERPRICED
• Comps: 7 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.2%
• Equity multiple: 3.37×
• Total profit: $89,769
• Equity at exit: $121,619

10-year hold

• IRR: 26.1%
• Equity multiple: 7.65×
• Total profit: $251,503
• Equity at exit: $262,275

Cash invested: $37,800 (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 17353

• Home prices YoY: 5.2%
• Active inventory: 20
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,404 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$89 /mo · $1,072/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $255

Break-even live

Break-even rent $1,080

Max offer price $135,000

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $135,000 Active 72 DOM
2. 2026-06-18
   days on market $135,000 Active 71 DOM
3. 2026-06-17
   days on market $135,000 Active 70 DOM
4. 2026-06-16
   days on market $135,000 Active 69 DOM
5. 2026-06-16
   days on market $135,000 Active 68 DOM
6. 2026-06-14
   days on market $135,000 Active 66 DOM
7. 2026-06-12
   pricedays on market $135,000 Active 65 DOM
8. 2026-06-09
   days on market $150,000 Active 62 DOM
9. 2026-06-08
   days on market $150,000 Active 61 DOM
10. 2026-06-07
    days on market $150,000 Active 60 DOM
11. 2026-06-05
    days on market $150,000 Active 57 DOM
12. 2026-06-02
    days on market $150,000 Active 55 DOM
13. 2026-06-01
    days on market $150,000 Active 54 DOM
14. 2026-05-31
    days on market $150,000 Active 53 DOM
15. 2026-05-30
    days on market $150,000 Active 52 DOM
16. 2026-05-11
    price $150,000 1437-char remark

    Show marketing remark (1437 chars)

    Located in the heart of Adams County, conveniently positioned between Caledonia State Park and Pine Grove State Park, and just steps from the 85,500-acre Michaux State Forest. This three-bedroom hunting cabin is turn-key and ready for spring and summer adventures in the forest. Eat-in kitchen with propane stove and refrigerator. 3 bedrooms (one does not have a closet), 1 spacious full bath with stall shower full size laundry. Large Living Room with pool table and wood stove as well as a smaller sitting room. There is a pulldown to access the attic which has 8 foot clearance and is insulated if you want to finish another bunk room. Convenient sheds to keep all your outdoor equipment or even fit a car if snow is expected. Peaceful wooded surroundings and space to roam. Whether you're looking for a weekend get-a-way or hunting cabin, this one is ready for you. Close to hiking trails, biking, hunting, fishing, and even golfing! A short drive will take you to historic Gettysburg or Chambersburg. Explore the beauty of Pine Grove Furnace State Park, Laurel Lake, Fuller Lake, Long Pine Run Reservoir. This property is on a private land lease - you do not have to be a PA resident to purchase, but it does require cash. The lease is a private land lease at $600 per year for 5 years with a 5 year renewable option. Owners are not restricted as to when they can be at the property, but it is not to be used as a primary residence.

17. 2026-04-28
    price $164,900 1437-char remark

    Show marketing remark (1437 chars)

    Located in the heart of Adams County, conveniently positioned between Caledonia State Park and Pine Grove State Park, and just steps from the 85,500-acre Michaux State Forest. This three-bedroom hunting cabin is turn-key and ready for spring and summer adventures in the forest. Eat-in kitchen with propane stove and refrigerator. 3 bedrooms (one does not have a closet), 1 spacious full bath with stall shower full size laundry. Large Living Room with pool table and wood stove as well as a smaller sitting room. There is a pulldown to access the attic which has 8 foot clearance and is insulated if you want to finish another bunk room. Convenient sheds to keep all your outdoor equipment or even fit a car if snow is expected. Peaceful wooded surroundings and space to roam. Whether you're looking for a weekend get-a-way or hunting cabin, this one is ready for you. Close to hiking trails, biking, hunting, fishing, and even golfing! A short drive will take you to historic Gettysburg or Chambersburg. Explore the beauty of Pine Grove Furnace State Park, Laurel Lake, Fuller Lake, Long Pine Run Reservoir. This property is on a private land lease - you do not have to be a PA resident to purchase, but it does require cash. The lease is a private land lease at $600 per year for 5 years with a 5 year renewable option. Owners are not restricted as to when they can be at the property, but it is not to be used as a primary residence.

18. 2026-04-08
    listed $179,900 Active 1437-char remark

    Show marketing remark (1437 chars)

    Located in the heart of Adams County, conveniently positioned between Caledonia State Park and Pine Grove State Park, and just steps from the 85,500-acre Michaux State Forest. This three-bedroom hunting cabin is turn-key and ready for spring and summer adventures in the forest. Eat-in kitchen with propane stove and refrigerator. 3 bedrooms (one does not have a closet), 1 spacious full bath with stall shower full size laundry. Large Living Room with pool table and wood stove as well as a smaller sitting room. There is a pulldown to access the attic which has 8 foot clearance and is insulated if you want to finish another bunk room. Convenient sheds to keep all your outdoor equipment or even fit a car if snow is expected. Peaceful wooded surroundings and space to roam. Whether you're looking for a weekend get-a-way or hunting cabin, this one is ready for you. Close to hiking trails, biking, hunting, fishing, and even golfing! A short drive will take you to historic Gettysburg or Chambersburg. Explore the beauty of Pine Grove Furnace State Park, Laurel Lake, Fuller Lake, Long Pine Run Reservoir. This property is on a private land lease - you do not have to be a PA resident to purchase, but it does require cash. The lease is a private land lease at $600 per year for 5 years with a 5 year renewable option. Owners are not restricted as to when they can be at the property, but it is not to be used as a primary residence.

ⓘ 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: $1,072 · $89/mo
• Projected year-2 tax: $1,602 · $134/mo
• Expected delta: +$531/yr (+$44/mo · 49.5%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,846
• − Mortgage interest: −$7,562
• − Property taxes: −$1,072
• − Insurance: −$675
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$3,927
• Taxable income: $914
• Est. tax owed @ 24.0%: −$219
• After-tax cash flow: $2,846/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: Gettysburg Area SD
• NCES district ID: 4210710
• Math proficiency: 46% ▼ -9.00%
• Reading proficiency: 60% ▼ -9.00%
• Median HH income: $58,451
• Composite: 46.03/100
• National rank: #2526
• State rank: #132 of 539 in PA

Livability — Cashtown

• Score: 62/100
• State rank: #1329
• US rank: #16387

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,745

Population outlook (Adams County) Hauer SSP2

• Today (2025): 102,494 people
• By 2030: 101,890 · -0.6%
• By 2040: 98,417 · -4.0%
• By 2050: 92,014 · -10.2%
• By 2075: 76,128 · -25.7%
• By 2100: 58,931 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Romanian 2% Iranian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 91% English-only · German/W. Germanic 4% Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Adams

• 2024 margin: Solid R (+33.6) · D 32.7% · R 66.4%
• 2008→2024 swing: -14.1pp toward R · 2008: -19.6pp · 2024: -33.6pp
• All cycles: 2024: R+33.6 2020: R+34.1 2016: R+36.4 2012: R+27.6 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.28%
• Current HPI: 307.9862
• 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

-16.6% since first listed

3 events — show timeline

• 2026-05-11 Price Changed $150,000 BRIGHT MLS
• 2026-04-28 Price Changed $164,900 BRIGHT MLS
• 2026-04-08 Listed $179,900 BRIGHT MLS

Property tax history

+1.4%/yr

Latest (2026): $1,072 · +0.7% YoY. Source: county tax records.