140 Glendale St · Carlisle, PA 17013

$200,000

2 bd · 1.5 ba · 1,398 sqft · SingleFamily public records · 3 Days on market

Built 1950 0.28 ac lot $143/sqft · 16% below area Est $273k · 27% 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).

• ARV discount +15.0/15.0
• Cash flow +9.0/30.0
• Livability +3.9/5.0
• Schools +3.8/10.0
• Rent growth +3.1/5.0
• 1% rule +3.0/10.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS SALTBOX IS WAITING FOR A NEW OWNER TO SPRUCE IT UP AND MAKE IT A GREAT HOME AGAIN. FENCED YARD, 2 SHEDS, 2 FIREPLACES. BANK OWNED - CALL FOR SPECIAL ADDENDUMS. AS IS SALE.

Key facts

• 0.28 acre lot
• Built 1950
• Listed 3 days

Property features AI

Exterior

• Parking: Off-street parking; Driveway
• Utilities: Public water; Public sewer; Electric service
• Home design: Detached single-family home; Asphalt/fiberglass roof; Permanent foundation; Above-grade living space finished (approximately 1,600 finished area)
• Construction: Frame construction; Shingle siding; Built year source: Assessor
• Exterior features: Detached structure; Shingle siding; Screened porch; Not in a federal flood zone; 2+ access exits

Interior

• Kitchen: Kitchen
• Bedrooms: One bedroom on the main level; One bedroom on the first upper level; Master bedroom
• Bathrooms: One full bathroom on the main level; One full bathroom on the first upper level; Two full bathrooms total
• Heating & cooling: Forced air heating (electric); Central air conditioning; Ceiling fans; Electric hot water
• Interior features: Living room; Foyer; Recreation room; Bonus room; Screened porch; Two fireplaces; Fully finished basement with poured concrete foundation; Estimated living area
• Laundry & utility: Utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-157 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (13.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $161k (19.6% below list).
• Recommended offer: $161k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.7% in Carlisle — 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 78/100 on livability (#297 in PA, #2,632 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities D, commute F.
• Carlisle Area SD (urban): math 33% / reading 55% proficiency, ranked #277 of 539 in PA (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mooreland El Sch (math 52% / reading 72%, grade B, #313 of 1,518 statewide, top 24%, 368 students, 52% FRL); Lamberton Ms (math 25% / reading 56%, grade F, #248 of 512 statewide, top 50%, 543 students, 43% FRL); Carlisle Area Hs (math 70% / reading 75%, grade B+, #37 of 437 statewide, top 8%, 1,578 students, 39% FRL) — zoned schools average 45% FRL vs 30% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 58% at this address vs 44% district-wide (+14 pts) — the actual schools serving this property are materially stronger than the Carlisle Area SD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+2.5%/yr); 312 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,052 units permitted in Cumberland County in 2024 (310 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.
• Cumberland County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 24y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,895 (19.6% 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.80% ✗
• Cap rate: 5.35%
• Cash-on-cash: -3.37%
• DSCR: 0.85
• GRM: 10.4

CMA / ARV

• ARV (median comp): $272,790
• List price: $200,000
• Delta: -26.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 Glendale St	0.00mi	2/2.0	1,600 (+14%)	1mo	$207,000	$129	73
506 W High St	0.35mi	3/2.0 (+1)	1,361 (-3%)	10mo	$332,000	$244	64
232 Cherry St	0.48mi	3/2.0 (+1)	1,450 (+4%)	7mo	$300,000	$207	59
25 Wilson St	0.27mi	2/1.0	1,204 (-14%)	5mo	$253,000	$210	58
833 W Louther St	0.28mi	3/1.0 (+1)	1,296 (-7%)	21mo	$195,000	$150	50
153 N College St	0.64mi	3/1.5 (+1)	1,384 (-1%)	17mo	$225,000	$163	50
910 W Louther St	0.43mi	3/1.0 (+1)	1,209 (-14%)	4mo	$284,900	$236	47
18 Meeting House Spring Rd	0.50mi	3/1.5 (+1)	1,438 (+3%)	24mo	$272,500	$189	47
160 N Orange St	0.31mi	3/2.0 (+1)	1,599 (+14%)	11mo	$325,000	$203	45
404 W Penn St	0.55mi	3/1.0 (+1)	1,528 (+9%)	8mo	$230,000	$151	45
423 W Penn St	0.54mi	3/2.0 (+1)	1,218 (-13%)	4mo	$126,500	$104	43
459 B St	0.73mi	3/2.0 (+1)	1,510 (+8%)	20mo	$260,000	$172	29

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 · 2.54% rent growth · sell at horizon

5-year hold

• IRR: -22.4%
• Equity multiple: 0.23×
• Total profit: $-43,119
• Equity at exit: $29,821

10-year hold

• IRR: -17.8%
• Equity multiple: 0.05×
• Total profit: $-53,252
• Equity at exit: $17,292

Cash invested: $56,000 (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 17013

• Rents YoY: 2.5%
• Active inventory: 312
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,609 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$296 /mo · $3,555/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-157

Break-even live

Break-even rent $1,808

Max offer price $172,203

Occupancy floor —

Sensitivity live

Price	-10% $-44	-5% $-101	+0% $-157	+5% $-214	+10% $-271
Rent	-10% $-284	-5% $-221	+0% $-157	+5% $-94	+10% $-30
Rate	-1.0pp $-57	-0.5pp $-106	base $-157	+0.5pp $-209	+1.0pp $-262

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
525 3rd St Carlisle, PA	2.0	1.0	950	$1,497	$1.58	25d	1	0.68mi
54 W High St Carlisle, PA	2.0	1.0	1100	$2,180	$1.98	25d	1	0.83mi
50 W High St Unit 203 Carlisle, PA	2.0	1.5	1100	$2,180	$1.98	25d	1	0.84mi
270 B St Carlisle, PA	2.0–3.0	1.0	1028	$1,289	$1.25	16d	3	0.87mi
646 N College St Carlisle, PA	3.0	2.5	1500	$1,795	$1.20	16d	1	0.88mi
230 N Pitt St Carlisle, PA	3.0	1.5	1408	$1,300	$0.92	45d	1	0.90mi
131 Nava CT Carlisle, PA	2.0–3.0	2.0	1345	$1,400	$1.04	16d	1	0.92mi
34 S Hanover St Apt 3, Carlisle, PA 17013 Carlisle, PA	2.0	1.0	1100	$1,650	$1.50	25d	1	0.93mi
238 C St Carlisle, PA	3.0	1.0	1452	$1,452	$1.00	16d	2	0.93mi
630 N West St Carlisle, PA	3.0	1.5	1686	$1,675	$0.99	25d	1	0.98mi
457 N Pitt St Carlisle, PA	3.0	1.0	1320	$1,345	$1.02	25d	1	1.00mi
217 N Hanover St Unit 3 Carlisle, PA	2.0	1.5	970	$1,450	$1.49	45d	1	1.02mi
219 N Hanover St Unit 3 Carlisle, PA	2.0	1.0	1400	$1,850	$1.32	25d	1	1.03mi
517 N Pitt St Carlisle, PA	2.0	1.0	1290	$1,550	$1.20	25d	1	1.03mi
1142 Redwood Dr Carlisle, PA	3.0	2.5	1344	$1,495	$1.11	25d	1	1.13mi
423 N Hanover St Apt 1 Carlisle, PA	2.0	1.0	950	$1,250	$1.32	25d	1	1.16mi
5 Northside Village Ln Carlisle, PA	1.0–2.0	1.0–2.0	800	$1,919	$2.40	16d	6	1.18mi
156 E Penn St Carlisle, PA	3.0	3.0	1808	$1,850	$1.02	25d	1	1.22mi
1 Rush Dr Carlisle, PA	2.0	2.0	1033	$1,650	$1.60	16d	3	1.45mi

Listing history 6 events

1. 2026-05-09
   status Pending 928-char remark
2. 2026-05-07
   listed $200,000 Active 928-char remark
3. 2026-05-05
   historical $200,000 928-char remark
4. 2003-03-26
   soldstatus $87,500 176-char remark

   Show marketing remark (176 chars)

   THIS SALTBOX IS WAITING FOR A NEW OWNER TO SPRUCE IT UP AND MAKE IT A GREAT HOME AGAIN. FENCED YARD, 2 SHEDS, 2 FIREPLACES. BANK OWNED - CALL FOR SPECIAL ADDENDUMS. AS IS SALE.

5. 2002-10-11
   listed $91,900 176-char remark

   Show marketing remark (176 chars)

   THIS SALTBOX IS WAITING FOR A NEW OWNER TO SPRUCE IT UP AND MAKE IT A GREAT HOME AGAIN. FENCED YARD, 2 SHEDS, 2 FIREPLACES. BANK OWNED - CALL FOR SPECIAL ADDENDUMS. AS IS SALE.

6. 1993-04-16
   soldstatus $86,000

ⓘ 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: $3,555 · $296/mo
• Projected year-2 tax: $3,555 · $296/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 6/10 Major FEMA zone X (unshaded) · 74% 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 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,307
• − Mortgage interest: −$11,203
• − Property taxes: −$3,555
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$5,818
• Taxable loss: −$5,358
• Est. tax savings @ 24.0%: +$1,286
• After-tax cash flow: $-602/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: Carlisle Area SD
• NCES district ID: 4205010
• Math proficiency: 33% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $55,334
• Composite: 38.23/100
• National rank: #4247
• State rank: #277 of 539 in PA

Livability — Carlisle

• Score: 78/100
• State rank: #297
• US rank: #2632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carlisle, PA
• County: Cumberland County · 257,673 people
• City population: 62,898
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 38,513
• Household income: $71,042
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1444.0

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 267,950 people
• By 2030: 278,105 · +3.8%
• By 2040: 296,552 · +10.7%
• By 2050: 312,937 · +16.8%
• By 2075: 349,233 · +30.3%
• By 2100: 361,875 · +35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 8% Hispanic / Latino 7% Two or more races 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 3% Dominican 1%
• Common ancestry: Iranian 3% Romanian 3% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 3% Russian/Polish/Slavic 1% Arabic 1%

Political lean MEDSL · Cumberland

• 2024 margin: Lean R (+9.4) · D 44.6% · R 54.1% · Other 1.3%
• 2008→2024 swing: +4.2pp toward D · 2008: -13.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+10.6 2016: R+18.6 2012: R+18.5 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -140.48%
• Current HPI: 247.337
• Rent YoY: ▲ 2.54%
• Metro: Harrisburg-Carlisle, 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

+140.7% since first listed

7 events — show timeline

• 2026-05-22 Sold (MLS) $207,000 BRIGHT MLS
• 2026-05-09 Pending — BRIGHT MLS
• 2026-05-07 Listed $200,000 BRIGHT MLS
• 2026-05-05 Coming Soon $200,000 BRIGHT MLS
• 2003-03-26 Sold (MLS) $87,500 BRIGHT MLS
• 2002-10-11 Listed $91,900 BRIGHT MLS
• 1993-04-16 Sold (Public Records) $86,000 Public Records

Property tax history

+2.4%/yr

Latest (2026): $3,555 · +2.1% YoY. Source: county tax records.