310 Orange St · Shippensburg, PA 17257

$150,000

3 bd · 1.5 ba · 1,648 sqft · SingleFamily public records · 28 Days on market

Built 1900 7,000 sqft lot $91/sqft · 33% below area Est $226k · 33% under

---

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 +17.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.0/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This As Is transaction is being professionally negotiated by Short Sale Connection. Please allow up to 60 days to close. Initially buyer agent only needs to complete the letter of intent in the Offer Instructions. The other 3 pages are for review and will be included when a complete PAR AOS is signed. There is a 4,000 fee to Short Sale Connection. Buyer must also agree to pay up to $5,000 toward seller’s secondary liens at closing.

Key facts

• 7,000 sq ft lot
• Built 1900
• Listed 28 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $101 ($1k/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 $149k (0.5% below list).
• Recommended offer: $148k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.5% in Shippensburg — 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 70/100 on livability (#741 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A; Watch: employment D+, amenities F, commute F.
• Shippensburg Area SD (town): math 31% / reading 52% proficiency, ranked #335 of 539 in PA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: James Burd El Sch (math 37% / reading 57%, grade D-, #737 of 1,518 statewide, top 52%, 502 students, 57% FRL); Shippensburg Area Ms (math 17% / reading 49%, grade F, #346 of 512 statewide, top 69%, 786 students, 55% FRL); Shippensburg Area Shs (math 71% / reading 30%, grade D+, #131 of 437 statewide, top 30%, 1,138 students, 46% FRL) — zoned schools average 53% FRL vs 30% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 162 active listings in the ZIP; 13 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 $4k 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

• It's been on market 28 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y 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 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.00% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.88%
• DSCR: 1.13
• GRM: 8.4

CMA / ARV

• ARV (median comp): $225,533
• List price: $150,000
• Delta: -33.49%
• 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
333 Walnut St	0.15mi	3/1.5	1,634 (-1%)	9mo	$218,000	$133	84
28 S Washington St	0.05mi	2/1.5 (-1)	1,513 (-8%)	2mo	$230,000	$152	77
15 E Orange St	0.35mi	4/1.5 (+1)	1,628 (-1%)	1mo	$229,000	$141	76
448 E King St	0.28mi	3/1.5	1,592 (-3%)	10mo	$205,500	$129	72
101 S Queen St	0.14mi	3/1.5	1,760 (+7%)	11mo	$280,000	$159	72
473 E King St	0.35mi	3/1.5	1,608 (-2%)	9mo	$265,000	$165	72
402 E King St	0.18mi	4/2.0 (+1)	1,560 (-5%)	10mo	$222,000	$142	67
338 E King Street St E	0.14mi	4/1.0 (+1)	1,827 (+11%)	5mo	$159,000	$87	64
301 Fayette St S	0.65mi	3/2.0	1,632 (-1%)	8mo	$259,000	$159	59
620 Charles St	0.47mi	3/2.0	1,831 (+11%)	7mo	$390,000	$213	51
20 Richard Ave	0.47mi	4/1.5 (+1)	1,468 (-11%)	5mo	$150,000	$102	51
14 W Burd St	0.49mi	4/3.0 (+1)	1,440 (-13%)	3mo	$189,900	$132	42

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: -11.7%
• Equity multiple: 0.58×
• Total profit: $-17,836
• Equity at exit: $22,365

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-7,066
• Equity at exit: $12,969

Cash invested: $42,000 (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 17257

• Home prices YoY: -17.3%
• Active inventory: 162
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,493 high
• Mortgage (P&I): −$787
• Tax from tax record: −$229 /mo · $2,751/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $101

Break-even live

Break-even rent $1,365

Max offer price $150,000

Occupancy floor 88%

Sensitivity live

Price	-10% $186	-5% $143	+0% $101	+5% $58	+10% $16
Rent	-10% $-17	-5% $42	+0% $101	+5% $160	+10% $219
Rate	-1.0pp $176	-0.5pp $139	base $101	+0.5pp $62	+1.0pp $22

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 E Neff St Shippensburg, PA	2.0	1.0	1400	$1,295	$0.93	23d	1	0.17mi
14 Kenneth Ave Shippensburg, PA	1.0–4.0	2.0	745	$1,630	$2.19	16d	1	0.39mi
9 E Burd St Unit 1 Shippensburg, PA	3.0	1.0	1400	$1,400	$1.00	46d	1	0.41mi
34 N Earl St Unit 2 Shippensburg, PA	3.0	1.0	1550	$1,350	$0.87	25d	1	0.45mi
735 E King St Shippensburg, PA	3.0	2.0	1664	$1,850	$1.11	46d	1	0.66mi
353 Farmington Dr Shippensburg, PA	3.0–4.0	2.0	1675	$1,900	$1.13	16d	1	0.72mi
307 N Fayette St Shippensburg, PA	3.0	1.0	1300	$1,795	$1.38	16d	1	0.80mi
1007 Hot Point Ave Shippensburg, PA	4.0	2.5	1654	$1,550	$0.94	46d	1	0.89mi
2 Morningstar Ln Unit The Villa Shippensburg, PA	4.0	2.0	1400	$1,500	$1.07	25d	1	0.93mi
2 Morningstar Ln Shippensburg, PA	4.0	2.0	1400	$1,500	$1.07	16d	1	0.98mi
100 Bard Dr Shippensburg, PA	2.0–4.0	1.0–2.5	1116	$1,522	$1.36	16d	6	1.03mi
206 Woodridge Dr Shippensburg, PA	3.0	2.5	1404	$2,000	$1.42	46d	1	1.37mi
100 Deerfield Ln Shippensburg, PA	3.0	2.0	1264	$1,595	$1.26	25d	1	1.43mi

Listing history 20 events

1. 2026-05-13
   status Pending 441-char remark

   Show marketing remark (441 chars)

   This As Is transaction is being professionally negotiated by Short Sale Connection. Please allow up to 60 days to close. Initially buyer agent only needs to complete the letter of intent in the Offer Instructions. The other 3 pages are for review and will be included when a complete PAR AOS is signed. There is a 4,000 fee to Short Sale Connection. Buyer must also agree to pay up to $5,000 toward seller’s secondary liens at closing.

2. 2026-04-15
   listed $150,000 Active 441-char remark

   Show marketing remark (441 chars)

   This As Is transaction is being professionally negotiated by Short Sale Connection. Please allow up to 60 days to close. Initially buyer agent only needs to complete the letter of intent in the Offer Instructions. The other 3 pages are for review and will be included when a complete PAR AOS is signed. There is a 4,000 fee to Short Sale Connection. Buyer must also agree to pay up to $5,000 toward seller’s secondary liens at closing.

3. 2022-08-09
   soldstatus $179,900
4. 2022-08-05
   soldstatus $179,900 Closed 1448-char remark

   Show marketing remark (1448 chars)

   * * Photos will be uploaded 5/9 * * Welcome to The Orange Street House! This beautiful home has been completely remodeled & is ready for you to move right in. As you enter, you're greeted by luxury vinyl wide plank flooring that continues throughout the entire first floor. Perfect for easy cleaning, especially if you have pups & kiddos! As you make your way back towards the kitchen, you'll notice original craftsman features like the wood columns & corner built-in cabinet. The kitchen is the real star of this home! Its large size is perfect for entertaining friends or hosting family dinners. The new island with built-in stove draws your attention to the amazing new custom countertops. Off the kitchen, you'll find a convenient full bathroom with tons of natural light. The back door in the kitchen leads to a large porch that wraps around the side. Perfect for grilling on a summer night while relaxing & watching the kids play in the yard. The upstairs you'll find 3 bedrooms & an additional bathroom. At the top of the stairs, to the right you will find a hall way leading to all 3 bedrooms. And to the left you will enter a completely renovated full bathroom that then leads into the primary bedroom. No more dragging your laundry baskets all the way down to the basement, because the 2nd floor hosts a laundry room right off the primary bedroom. Schedule your showing because this home won't last long!

5. 2022-06-20
   status Pending 1448-char remark

   Show marketing remark (1448 chars)

   * * Photos will be uploaded 5/9 * * Welcome to The Orange Street House! This beautiful home has been completely remodeled & is ready for you to move right in. As you enter, you're greeted by luxury vinyl wide plank flooring that continues throughout the entire first floor. Perfect for easy cleaning, especially if you have pups & kiddos! As you make your way back towards the kitchen, you'll notice original craftsman features like the wood columns & corner built-in cabinet. The kitchen is the real star of this home! Its large size is perfect for entertaining friends or hosting family dinners. The new island with built-in stove draws your attention to the amazing new custom countertops. Off the kitchen, you'll find a convenient full bathroom with tons of natural light. The back door in the kitchen leads to a large porch that wraps around the side. Perfect for grilling on a summer night while relaxing & watching the kids play in the yard. The upstairs you'll find 3 bedrooms & an additional bathroom. At the top of the stairs, to the right you will find a hall way leading to all 3 bedrooms. And to the left you will enter a completely renovated full bathroom that then leads into the primary bedroom. No more dragging your laundry baskets all the way down to the basement, because the 2nd floor hosts a laundry room right off the primary bedroom. Schedule your showing because this home won't last long!

6. 2022-06-13
   price $179,900 1448-char remark

   Show marketing remark (1448 chars)

   * * Photos will be uploaded 5/9 * * Welcome to The Orange Street House! This beautiful home has been completely remodeled & is ready for you to move right in. As you enter, you're greeted by luxury vinyl wide plank flooring that continues throughout the entire first floor. Perfect for easy cleaning, especially if you have pups & kiddos! As you make your way back towards the kitchen, you'll notice original craftsman features like the wood columns & corner built-in cabinet. The kitchen is the real star of this home! Its large size is perfect for entertaining friends or hosting family dinners. The new island with built-in stove draws your attention to the amazing new custom countertops. Off the kitchen, you'll find a convenient full bathroom with tons of natural light. The back door in the kitchen leads to a large porch that wraps around the side. Perfect for grilling on a summer night while relaxing & watching the kids play in the yard. The upstairs you'll find 3 bedrooms & an additional bathroom. At the top of the stairs, to the right you will find a hall way leading to all 3 bedrooms. And to the left you will enter a completely renovated full bathroom that then leads into the primary bedroom. No more dragging your laundry baskets all the way down to the basement, because the 2nd floor hosts a laundry room right off the primary bedroom. Schedule your showing because this home won't last long!

7. 2022-05-13
   listed $184,900 Active 1448-char remark

   Show marketing remark (1448 chars)

   * * Photos will be uploaded 5/9 * * Welcome to The Orange Street House! This beautiful home has been completely remodeled & is ready for you to move right in. As you enter, you're greeted by luxury vinyl wide plank flooring that continues throughout the entire first floor. Perfect for easy cleaning, especially if you have pups & kiddos! As you make your way back towards the kitchen, you'll notice original craftsman features like the wood columns & corner built-in cabinet. The kitchen is the real star of this home! Its large size is perfect for entertaining friends or hosting family dinners. The new island with built-in stove draws your attention to the amazing new custom countertops. Off the kitchen, you'll find a convenient full bathroom with tons of natural light. The back door in the kitchen leads to a large porch that wraps around the side. Perfect for grilling on a summer night while relaxing & watching the kids play in the yard. The upstairs you'll find 3 bedrooms & an additional bathroom. At the top of the stairs, to the right you will find a hall way leading to all 3 bedrooms. And to the left you will enter a completely renovated full bathroom that then leads into the primary bedroom. No more dragging your laundry baskets all the way down to the basement, because the 2nd floor hosts a laundry room right off the primary bedroom. Schedule your showing because this home won't last long!

8. 2021-12-10
   soldstatus $89,000 Closed
9. 2021-12-06
   status Pending
10. 2021-12-02
    soldstatus $63,000
11. 2021-11-24
    price $99,990
12. 2021-11-16
    price $99,995
13. 2021-11-10
    price $109,995
14. 2021-11-01
    listed $129,000 Active
15. 2012-11-19
    soldstatus $57,000
16. 2012-11-19
    soldstatus $57,000
17. 2012-10-27
    historical
18. 2012-03-14
    listed $73,500
19. 2012-02-27
    listed $73,500
20. 1987-02-26
    soldstatus $44,000

ⓘ 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: $2,751 · $229/mo
• Projected year-2 tax: $2,751 · $229/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 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $17,912
• − Mortgage interest: −$8,402
• − Property taxes: −$2,751
• − Insurance: −$750
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − Depreciation: −$4,364
• Taxable loss: −$1,221
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $1,503/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: Shippensburg Area SD
• NCES district ID: 4221570
• Math proficiency: 31% ▼ -21.00%
• Reading proficiency: 52% ▼ -14.00%
• Median HH income: $47,585
• Composite: 35.42/100
• National rank: #4938
• State rank: #335 of 539 in PA

Livability — Shippensburg

• Score: 70/100
• State rank: #741
• US rank: #7436

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shippensburg, PA
• County: Cumberland County · 257,673 people
• City population: 29,204
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 29,204
• Household income: $71,181
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 855.0

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 (89%)
• Race & ethnicity: White 89% Black 4% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 2% Slovak 2% Serbian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 90% English-only · German/W. Germanic 5% Spanish 2% Other Indo-European 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: ▼ -62.12%
• Current HPI: 297.1586
• Rent YoY: —
• 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

+240.9% since first listed

20 events — show timeline

• 2026-05-13 Pending — BRIGHT MLS
• 2026-04-15 Listed $150,000 BRIGHT MLS
• 2022-08-09 Sold (Public Records) $179,900 Public Records
• 2022-08-05 Sold (MLS) $179,900 BRIGHT MLS
• 2022-06-20 Pending — BRIGHT MLS
• 2022-06-13 Price Changed $179,900 BRIGHT MLS
• 2022-05-13 Listed $184,900 BRIGHT MLS
• 2021-12-10 Sold (MLS) $89,000 BRIGHT MLS
• 2021-12-06 Pending — BRIGHT MLS
• 2021-12-02 Sold (Public Records) $63,000 Public Records
• 2021-11-24 Price Changed $99,990 BRIGHT MLS
• 2021-11-16 Price Changed $99,995 BRIGHT MLS
• 2021-11-10 Price Changed $109,995 BRIGHT MLS
• 2021-11-01 Listed $129,000 BRIGHT MLS
• 2012-11-19 Sold (MLS) $57,000 BRIGHT MLS
• 2012-11-19 Sold (MLS) $57,000 BRIGHT MLS
• 2012-10-27 Listing Removed — BRIGHT MLS
• 2012-03-14 Listed $73,500 BRIGHT MLS
• 2012-02-27 Listed $73,500 BRIGHT MLS
• 1987-02-26 Sold (Public Records) $44,000 Public Records

Property tax history

+2.6%/yr

Latest (2026): $2,751 · +3.1% YoY. Source: county tax records.