360 Holiday Ln · Derry, PA 17044

$189,900

4 bd · 2.5 ba · 1,305 sqft · Other public records · 213 Days on market

Built 1965 0.35 ac lot ↓ 17% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.8/30.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.2/10.0
• Appreciation +0.0/10.0

Listing remarks

PROPERTY IS NOT FOR RENT, BEWARE OF SCAMS! Bring your contractor! 3-4 Bedroom, 2.1 bath rancher in Pleasant Acres, close to schools and new athletic fields. Brick construction with newer architectural shingle roof, brick fireplace in sitting area and large covered patio that overlooks the back yard. Plaster walls, pegged hardwood floors and slate entry are a few signs of the quality of this home. While there is a structural issue, updates and cosmetics needed, you won't be sorry investing in this quality home. There is a first-floor laundry room with half bath. The basement is mostly an open slate for you to finish as you like, but there is already a 4th bedroom/office finished and ready fo

Key facts

• Brick fireplace
• Large covered patio
• Brick construction

Tags

• BRICK CONSTRUCTION
• BRICK FIREPLACE
• LARGE COVERED PATIO
• FIRST FLOOR LAUNDRY ROOM
• FINISHED BEDROOM OFFICE

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $190k.

Deal economics

• At list price, monthly cash flow is $-379 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $123k (35.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (36.4% below list).
• Recommended offer: $121k (36.4% below list) — sets the bar for 1% rule.

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.
• Market conditions: 73 active listings in the ZIP; 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

• It's been on market 213 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $39k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $120,692 (36.4% 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. It's been on market 213 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.64% ✗
• Cap rate: 3.90%
• Cash-on-cash: -8.54%
• DSCR: 0.62
• GRM: 13.1

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: -31.4%
• Equity multiple: -0.03×
• Total profit: $-54,852
• Equity at exit: $28,315

10-year hold

• IRR: -34.9%
• Equity multiple: -0.48×
• Total profit: $-78,688
• Equity at exit: $16,419

Cash invested: $53,172 (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: 13.1×

Monthly cashflow live

• Estimated rent: $1,207 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$257 /mo · $3,085/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $-379

Break-even live

Break-even rent $1,686

Max offer price $123,026

Occupancy floor —

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-04-14
   status Pending
2. 2026-03-30
   price $189,900
3. 2026-03-30
   price $169,900
4. 2026-01-23
   price $189,900
5. 2025-11-23
   price $199,900
6. 2025-10-29
   status Active
7. 2025-10-20
   status Pending
8. 2025-10-10
   price $219,000
9. 2025-09-04
   listed $229,000 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: $3,085 · $257/mo
• Projected year-2 tax: $3,085 · $257/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,483
• − Mortgage interest: −$10,637
• − Property taxes: −$3,085
• − Insurance: −$950
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$5,524
• Taxable loss: −$8,030
• Est. tax savings @ 24.0%: +$1,927
• After-tax cash flow: $-2,616/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

-17.1% since first listed

9 events — show timeline

• 2026-04-14 Pending — BRIGHT MLS
• 2026-03-30 Price Changed $189,900 BRIGHT MLS
• 2026-03-30 Price Changed $169,900 BRIGHT MLS
• 2026-01-23 Price Changed $189,900 BRIGHT MLS
• 2025-11-23 Price Changed $199,900 BRIGHT MLS
• 2025-10-29 Relisted — BRIGHT MLS
• 2025-10-20 Pending — BRIGHT MLS
• 2025-10-10 Price Changed $219,000 BRIGHT MLS
• 2025-09-04 Listed $229,000 BRIGHT MLS

Property tax history

+0.6%/yr

Latest (2026): $3,085 · +0.8% YoY. Source: county tax records.