4 Tarot Ct Unit AKA 41 Tarot Ct, Lot 41 · Salem, PA 18436

$250,000

4 bd · 2.0 ba · 1,768 sqft · SingleFamily · 42 Days on market

Built 1974 Good condition 0.50 ac lot $141/sqft · 21% below area Est $318k · 21% under $194/mo HOA · 8% 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).

• ARV discount +15.0/15.0
• Cash flow +11.9/30.0
• Appreciation +10.0/10.0
• 1% rule +4.4/10.0
• Schools +4.4/10.0
• Condition / age +3.8/5.0
• DSCR +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0

Listing remarks

If you grew up in the 1970s, this 4-bedroom chalet in The Hideout might feel wonderfully familiar (sorry, 70s purists: no shag carpet though). Located in one of the Northern Poconos' premier gated lake communities, this vintage home blends nostalgic charm with a warm, well-maintained interior just minutes from lakes, pools, skiing, and golf. Built in 1974, the original harvest gold kitchen remains beautifully preserved and in genuinely excellent condition; a rare mid-century time capsule lovingly cared for over the years. Cathedral ceilings, pine floors, wood paneling, & sliders create the classic mountain vibe buyers search for when looking for a getaway, vacation home, or weekend cab

Key facts

• 0.5 acre lot
• Community pool
• Built 1974

Property features AI

Finance

• HOA & community: Homeowners association with yearly fees (annual & one-time components); Association amenities include clubhouse, pool, tennis courts, basketball court, playground, park, marina, marina/boat access (powered boats allowed), beach access, golf course, fitness center, game courts/room, racquetball, trails, picnic area, meeting/party room, parking, trash service, security, dog park and other recreational facilities; Derived approximate monthly HOA: $194.17

Exterior

• Parking: Paved driveway
• Security: Gated community
• Utilities: Public sewer; Electric service
• Home design: Single-family residence; Two levels
• Construction: Frame construction; Shingle roof; Finished daylight, full basement with walk-up/walk-out and interior & exterior entry
• Exterior features: Rain gutters; Covered, screened side porch; Deck; Access to Roamingwood Lake

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Total rooms: 7
• Flooring: Carpet; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating (electric); Ceiling fans for cooling
• Interior features: Cathedral ceilings; Open floorplan; High ceilings; Entrance foyer; Eat-in kitchen; Ceiling fans
• Laundry & utility: Washer and dryer; Laundry closet on lower level; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-65 ($-782/yr) — negative.
• To cash-flow at today's rent, offer at most $241k (3.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (6.0% below list).
• Recommended offer: $235k (6.0% below list) — sets the bar for 1% rule.

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: 337 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 $27k of equity ($2k loan paydown + $25k 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 $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.

Recommended offer $235,002 (6.0% 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 42 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.94% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 8.9

CMA / ARV

• ARV (median comp): $317,953
• List price: $250,000
• Delta: -21.37%
• 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
70 Lakewood Dr	0.28mi	4/2.0	1,800 (+2%)	10mo	$280,000	$156	76
24 Lakewood Dr	0.23mi	4/2.0	1,900 (+8%)	5mo	$240,000	$126	73
145 Lakeview Dr W	0.36mi	3/2.0 (-1)	1,806 (+2%)	4mo	$310,000	$172	72
6 Greenview Court Ct	0.08mi	3/2.0 (-1)	1,593 (-10%)	9mo	$315,000	$198	67
12 Parkwood Dr Lot 429	0.09mi	3/2.0 (-1)	1,547 (-12%)	4mo	$370,000	$239	67
470 Oakwood Ct	0.29mi	4/2.0	1,536 (-13%)	8mo	$290,000	$189	58
582 Lakeview Dr W	0.39mi	3/3.0 (-1)	1,692 (-4%)	9mo	$275,000	$163	58
248 Parkwood Dr	0.47mi	3/2.0 (-1)	1,697 (-4%)	10mo	$255,000	$150	58
445 Lakewood Dr	0.22mi	3/1.5 (-1)	1,512 (-14%)	1mo	$250,000	$165	58
138 Oak Circle Cir	0.61mi	3/2.5 (-1)	1,750 (-1%)	11mo	$308,750	$176	53
83 Oak Cir	0.73mi	3/1.5 (-1)	1,570 (-11%)	4mo	$258,000	$164	37
2527 Oak Cir	0.66mi	3/2.0 (-1)	1,520 (-14%)	10mo	$420,000	$276	33

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: 23.5%
• Equity multiple: 2.89×
• Total profit: $132,160
• Equity at exit: $225,220

10-year hold

• IRR: 20.9%
• Equity multiple: 6.61×
• Total profit: $392,762
• Equity at exit: $485,695

Cash invested: $70,000 (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 18436

• Home prices YoY: 16.9%
• Active inventory: 337
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,350 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$194
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $-65

Break-even live

Break-even rent $2,433

Max offer price $240,569

Occupancy floor 98%

Sensitivity live

Price	-10% $108	-5% $21	+0% $-65	+5% $-152	+10% $-238
Rent	-10% $-251	-5% $-158	+0% $-65	+5% $28	+10% $120
Rate	-1.0pp $61	-0.5pp $-2	base $-65	+0.5pp $-130	+1.0pp $-196

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $194 · $2,328/yr
• Likely covers: poolsecurity

Listing history 16 events

1. 2026-06-18
   days on market $250,000 Active 42 DOM
2. 2026-06-17
   days on market $250,000 Active 41 DOM
3. 2026-06-16
   days on market $250,000 Active 40 DOM
4. 2026-06-15
   days on market $250,000 Active 39 DOM
5. 2026-06-14
   days on market $250,000 Active 37 DOM
6. 2026-06-13
   days on market $250,000 Active 36 DOM
7. 2026-06-10
   days on market $250,000 Active 34 DOM
8. 2026-06-09
   days on market $250,000 Active 33 DOM
9. 2026-06-08
   days on market $250,000 Active 32 DOM
10. 2026-06-07
    days on market $250,000 Active 31 DOM
11. 2026-06-03
    days on market $250,000 Active 27 DOM
12. 2026-06-02
    days on market $250,000 Active 26 DOM
13. 2026-06-01
    days on market $250,000 Active 25 DOM
14. 2026-05-31
    days on market $250,000 Active 24 DOM
15. 2026-05-30
    days on market $250,000 Active 23 DOM
16. 2026-05-07
    listed $250,000 Active 2034-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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 2/10 Low 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: $28,200
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,256
• − Management: −$2,256
• − HOA: −$2,328
• − Depreciation: −$7,273
• Taxable loss: −$4,916
• Est. tax savings @ 24.0%: +$1,180
• After-tax cash flow: $398/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This vintage home in The Hideout is in good condition with a good roof, exterior, and interior. It has a good kitchen and bathroom, and the property is well-maintained with some minor repairs needed. Painting the exterior siding and cleaning the gutters can increase its value.

Value-add opportunities

• Both Paint the exterior siding — Painting the exterior siding can improve the curb appeal and increase the property's value.
• Both Clean the gutters — Cleaning the gutters can prevent water damage and improve the property's overall appearance.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Painting the exterior siding can improve the curb appeal and increase the property's value. ↑
• Both Clean the gutters — Cleaning the gutters can prevent water damage and improve the property's overall appearance. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• Census place: The Hideout, PA
• Population (ZIP): 13,225

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 (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 9% Scotch-Irish 2% Iranian 2%
• Foreign-born: 4%
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Russian/Polish/Slavic 1% Spanish 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: ▲ 47.95%
• Current HPI: 331.9645
• 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

• 2026-05-07 Listed $250,000 PWMLS