3714 Old Mill Rd · Slatington, PA 18080

$165,000

2 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 78 Days on market

Built 1900 9,148 sqft lot Est $246k · 33% under

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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 +15.7/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.4/10.0
• Livability +3.6/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

Key facts

• Bonus space
• Oversized attic
• 4 garage spots

Tags

• OVERSIZED ATTIC
• BONUS SPACE
• QUIET PRIVATE SETTING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $74 ($886/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (6.4% below list).
• Recommended offer: $154k (6.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.3% in Slatington — 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 72/100 on livability (#600 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Northern Lehigh SD (suburban): math 24% / reading 47% proficiency, ranked #398 of 539 in PA (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Slatington El Sch (math 26% / reading 50%, grade F, #990 of 1,518 statewide, top 66%, 483 students, 100% FRL); Northern Lehigh Ms (math 17% / reading 42%, grade F, #385 of 512 statewide, top 76%, 224 students, 100% FRL); Northern Lehigh Shs (math 70% / reading 24%, grade D-, #167 of 437 statewide, top 39%, 487 students, 68% FRL) — zoned schools average 89% FRL vs 34% district-wide (55 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 66 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 765 units permitted in Lehigh County in 2024 (286 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.
• Lehigh County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,499 (6.4% below list)

Questions for the listing agent

1. It's been on market 78 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 1900 — 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. 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: 0.94% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.92%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $245,856
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3250 Main St	0.74mi	2/1.0	1,100 (-12%)	6mo	$120,000	$109	41
3418 Main St	0.59mi	3/1.5 (+1)	1,368 (+10%)	20mo	$270,000	$197	32

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: -13.2%
• Equity multiple: 0.52×
• Total profit: $-22,006
• Equity at exit: $24,602

10-year hold

• IRR: -4.3%
• Equity multiple: 0.72×
• Total profit: $-12,994
• Equity at exit: $14,266

Cash invested: $46,200 (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 18080

• Home prices YoY: -4.5%
• Active inventory: 66
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,545 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$213 /mo · $2,552/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $74

Break-even live

Break-even rent $1,451

Max offer price $165,000

Occupancy floor 90%

Sensitivity live

Price	-10% $167	-5% $121	+0% $74	+5% $27	+10% $-20
Rent	-10% $-48	-5% $13	+0% $74	+5% $135	+10% $196
Rate	-1.0pp $157	-0.5pp $116	base $74	+0.5pp $31	+1.0pp $-12

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4029 Main St Unit B Slatedale, PA	2.0	1.0	1300	$1,550	$1.19	45d	1	1.17mi

Listing history 11 events

1. 2026-05-22
   soldstatus $180,000 Closed
2. 2026-03-24
   status Pending
3. 2026-03-02
   price $165,000
4. 2026-01-05
   listed $175,000 Active
5. 2018-01-17
   soldstatus $106,000
6. 2018-01-16
   soldstatus $106,000 Sold 448-char remark

   Show marketing remark (448 chars)

   Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

7. 2017-11-13
   status Pending 448-char remark

   Show marketing remark (448 chars)

   Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

8. 2017-10-06
   status Active 448-char remark

   Show marketing remark (448 chars)

   Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

9. 2017-08-17
   status Pending 448-char remark

   Show marketing remark (448 chars)

   Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

10. 2017-08-01
    price $168,900 448-char remark

    Show marketing remark (448 chars)

    Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

11. 2017-07-22
    listed $179,900 Active 448-char remark

    Show marketing remark (448 chars)

    Looking for cheap living in the country? Here's a unique opportunity to live in one half of a home and rent the other! These two spacious homes have a lot to offer and just need a little updating to bring out their true potential. 3720 (right side) has a huge yard, detached garage and tons of space inside. 3714 has a nice sized yard as well, off street parking and 1 1/2 baths! This may be just what you were looking for, check this gem out soon!

ⓘ 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: $2,552 · $213/mo
• Projected year-2 tax: $2,579 · $215/mo
• Expected delta: +$28/yr (+$2/mo · 1.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $18,540
• − Mortgage interest: −$9,243
• − Property taxes: −$2,552
• − Insurance: −$825
• − Repairs & maintenance: −$1,483
• − Management: −$1,483
• − Depreciation: −$4,800
• Taxable loss: −$1,846
• Est. tax savings @ 24.0%: +$443
• After-tax cash flow: $1,329/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: Northern Lehigh SD
• NCES district ID: 4217670
• Math proficiency: 24% ▼ -19.00%
• Reading proficiency: 47% ▼ -12.00%
• Median HH income: $55,733
• Composite: 31.22/100
• National rank: #6035
• State rank: #398 of 539 in PA

Livability — Slatington

• Score: 72/100
• State rank: #600
• US rank: #5743

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lehigh County · 333,019 people
• City population: 11,226
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 11,226
• Household income: $74,522
• Rent vs Own: 19.2% rent · 80.8% own
• Severe rent burden: 111.0

Population outlook (Lehigh County) Hauer SSP2

• Today (2025): 392,957 people
• By 2030: 408,319 · +3.9%
• By 2040: 440,007 · +12.0%
• By 2050: 475,940 · +21.1%
• By 2075: 590,448 · +50.3%
• By 2100: 690,314 · +75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 8% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 4% Dominican 2%
• Common ancestry: Polish 7% Subsaharan African 4% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Lehigh

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.2%
• 2008→2024 swing: -12.9pp toward R · 2008: 15.6pp · 2024: 2.7pp
• All cycles: 2024: D+2.7 2020: D+7.6 2016: D+4.4 2012: D+7.5 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.90%
• Current HPI: 295.1228
• Rent YoY: —
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• 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

+0.1% since first listed

11 events — show timeline

• 2026-05-22 Sold (MLS) $180,000 GLVRMLS
• 2026-03-24 Pending — GLVRMLS
• 2026-03-02 Price Changed $165,000 GLVRMLS
• 2026-01-05 Listed $175,000 GLVRMLS
• 2018-01-17 Sold (Public Records) $106,000 Public Records
• 2018-01-16 Sold (MLS) $106,000 GLVRMLS
• 2017-11-13 Pending — GLVRMLS
• 2017-10-06 Relisted — GLVRMLS
• 2017-08-17 Pending — GLVRMLS
• 2017-08-01 Price Changed $168,900 GLVRMLS
• 2017-07-22 Listed $179,900 GLVRMLS

Property tax history

+1.8%/yr

Latest (2026): $2,552 · +2.8% YoY. Source: county tax records.