139 Hollister Dr · Salem, PA 18444

$129,000

4 bd · 2.0 ba · 1,742 sqft · Manufactured public records · 22 Days on market

Built 2002 Est $120k · 7% over $595/mo HOA · 31% of rent

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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 +16.0/30.0
• 1% rule +10.0/10.0
• Appreciation +10.0/10.0
• DSCR +4.9/10.0
• Schools +4.4/10.0
• ARV discount +4.2/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

First Time Offered for Sale! This Spacious custom Ranch Style Home features 4 bedrooms, including Master Suite with full bath, Abundance of Kitchen Cabinet Space plus Center Island adding extra cook prep area. Extra Windows allow Natural Lighting to Shine. Living Room and Family Room perfect for everyday living and entertaining. Slider doors offer easy access back deck perfect for outdoor grilling. A wonderful opportunity to own a Well-Kept Home in a Park Like Country setting with easy access to nearby amenities.

Key facts

• Natural lighting
• Center island
• Built 2002

Tags

• CUSTOM RANCH STYLE HOME
• CENTER ISLAND
• NATURAL LIGHTING
• EASY ACCESS BACK DECK
• PARK LIKE COUNTRY SETTING

Property features AI

Finance

• Other: Private maintained gravel road access
• HOA & community: Homeowners association with a monthly fee of $595; HOA fee includes water, sewer, and trash

Exterior

• Parking: Off-street parking
• Utilities: 100 amp electric service; Propane available/connected; Electricity connected; Water connected; Sewer connected; Cable available; Sewer listed as other
• Home design: Manufactured house (double wide); One story
• Construction: Shingle roof
• Exterior features: Private yard; Storage shed; Deck; Front porch; Back yard; Level lot; Front yard

Interior

• Kitchen: Dishwasher; Microwave; Gas range; Range hood; Refrigerator; Kitchen island; Eat-in kitchen; Pantry
• Bedrooms: Total rooms: 8
• Flooring: Carpet; Vinyl; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Propane fuel; Heat pump; Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Pantry; Walk-in closets; Soaking tub; Kitchen island; Eat-in kitchen; Double pane windows; Storm windows; Wood-burning fireplace in family room
• Laundry & utility: Washer/Dryer included; Laundry room on main level

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $129k.

Deal economics

• At list price, monthly cash flow is $-3 ($-32/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (0.4% below list).
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Western Wayne SD (rural): math 39% / reading 63% proficiency, ranked #165 of 539 in PA (top 31%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 95 active listings in the ZIP; 177 units permitted in Wayne County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($892 loan paydown + $13k appreciation (10.0% local appreciation)).
• Wayne County population projected at -17% 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 $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 31% of rent.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,065 (1.5% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.50% ✓
• Cap rate: 6.89%
• Cash-on-cash: 2.12%
• DSCR: 1.09
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $120,198
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
141 Hollister Dr	0.07mi	3/2.0 (-1)	1,586 (-9%)	2mo	$109,000	$69	75

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

Projected returns pro-forma

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

5-year hold

• IRR: 24.3%
• Equity multiple: 2.95×
• Total profit: $70,509
• Equity at exit: $116,213

10-year hold

• IRR: 21.6%
• Equity multiple: 6.78×
• Total profit: $208,603
• Equity at exit: $250,619

Cash invested: $36,120 (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 18444

• Home prices YoY: 24.9%
• Active inventory: 95
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,929 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$135 /mo · $1,619/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$595
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-3

Break-even live

Break-even rent $1,932

Max offer price $128,536

Occupancy floor 95%

Sensitivity live

Price	-10% $70	-5% $34	+0% $-3	+5% $-39	+10% $-76
Rent	-10% $-155	-5% $-79	+0% $-3	+5% $74	+10% $150
Rate	-1.0pp $62	-0.5pp $30	base $-3	+0.5pp $-36	+1.0pp $-70

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $595 · $7,140/yr

Listing history 16 events

1. 2026-06-18
   days on market $129,000 Active 22 DOM
2. 2026-06-17
   days on market $129,000 Active 21 DOM
3. 2026-06-16
   days on market $129,000 Active 20 DOM
4. 2026-06-15
   days on market $129,000 Active 19 DOM
5. 2026-06-14
   days on market $129,000 Active 17 DOM
6. 2026-06-13
   days on market $129,000 Active 16 DOM
7. 2026-06-10
   days on market $129,000 Active 14 DOM
8. 2026-06-09
   days on market $129,000 Active 13 DOM
9. 2026-06-08
   days on market $129,000 Active 12 DOM
10. 2026-06-07
    days on market $129,000 Active 11 DOM
11. 2026-06-03
    days on market $129,000 Active 7 DOM
12. 2026-06-02
    days on market $129,000 Active 6 DOM
13. 2026-06-01
    days on market $129,000 Active 5 DOM
14. 2026-05-31
    days on market $129,000 Active 4 DOM
15. 2026-05-30
    days on market $129,000 Active 3 DOM
16. 2026-05-27
    listed $129,000 Active

ⓘ 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: $1,619 · $135/mo
• Projected year-2 tax: $1,828 · $152/mo
• Expected delta: +$210/yr (+$17/mo · 13.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 59% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% 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: $23,149
• − Mortgage interest: −$7,226
• − Property taxes: −$1,619
• − Insurance: −$1,442
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − HOA: −$7,140
• − Depreciation: −$3,753
• Taxable loss: −$1,735
• Est. tax savings @ 24.0%: +$416
• After-tax cash flow: $385/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: Western Wayne SD
• NCES district ID: 4226070
• Math proficiency: 39% ▼ -12.00%
• Reading proficiency: 63% ▼ -6.00%
• Median HH income: $51,358
• Composite: 43.65/100
• National rank: #2964
• State rank: #165 of 539 in PA

Livability — Salem

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 13,681

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 47,924 people
• By 2030: 46,191 · -3.6%
• By 2040: 42,815 · -10.7%
• By 2050: 39,873 · -16.8%
• By 2075: 34,556 · -27.9%
• By 2100: 28,358 · -40.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 16% Scotch-Irish 4% Slovak 2%
• Foreign-born: 1% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Wayne

• 2024 margin: Solid R (+37.1) · D 31.1% · R 68.2%
• 2008→2024 swing: -24.8pp toward R · 2008: -12.3pp · 2024: -37.1pp
• All cycles: 2024: R+37.1 2020: R+33.6 2016: R+39.7 2012: R+20.9 2008: R+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 85.51%
• Current HPI: 428.8661
• 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

1 event — show timeline

• 2026-05-27 Listed $129,000 PWMLS

Property tax history

+1.2%/yr

Latest (2026): $1,619 · +3.1% YoY. Source: county tax records.