145 Mallard Dr · East Hempfield, PA 17601

$260,000

3 bd · 1.5 ba · 1,547 sqft · Condo public records · 38 Days on market

Built 1994 $300/mo HOA · 13% of rent

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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).

• Cash flow +8.9/30.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• 1% rule +4.1/10.0
• Rent growth +3.5/5.0
• DSCR +2.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

Key facts

• Inviting foyer
• Half bath
• Laundry room

Tags

• INVITING FOYER
• SPACIOUS KITCHEN
• BUILT-IN DESK AREA
• COZY FAMILY ROOM
• LAUNDRY ROOM
• HALF BATH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath condo listed at $260k.

Deal economics

• At list price, monthly cash flow is $-208 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (14.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $237k (8.9% below list).
• Recommended offer: $223k (14.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Hempfield SD (suburban): math 50% / reading 65% proficiency, ranked #81 of 539 in PA (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+4.0%/yr); 321 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,093 units permitted in Lancaster County in 2024 (201 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Lancaster County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; list at $260k implies a 164% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $223,299 (14.1% 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 38 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 5.33%
• Cash-on-cash: -3.42%
• DSCR: 0.85
• GRM: 9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.99% rent growth · sell at horizon

5-year hold

• IRR: -20.6%
• Equity multiple: 0.28×
• Total profit: $-52,771
• Equity at exit: $38,767

10-year hold

• IRR: -11.3%
• Equity multiple: 0.28×
• Total profit: $-52,162
• Equity at exit: $22,480

Cash invested: $72,800 (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 17601

• Rents YoY: 4.0%
• Active inventory: 321
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,369 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$308 /mo · $3,690/yr
• Insurance: −$108
• HOA: −$300
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $-208

Break-even live

Break-even rent $2,632

Max offer price $223,299

Occupancy floor —

Sensitivity live

Price	-10% $-61	-5% $-134	+0% $-208	+5% $-281	+10% $-355
Rent	-10% $-395	-5% $-301	+0% $-208	+5% $-114	+10% $-21
Rate	-1.0pp $-77	-0.5pp $-142	base $-208	+0.5pp $-275	+1.0pp $-344

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
190 Colonial Crest Dr Lancaster, PA	1.0–2.0	1.0–1.5	882	$1,900	$2.15	14d	13	0.09mi
8 Welsh Dr Lancaster, PA	2.0	1.0	750	$1,780	$2.37	14d	6	0.14mi
1325 Rohrerstown Rd Lancaster, PA	3.0	2.0	1800	$3,700	$2.06	14d	1	0.23mi
923 Rohrerstown Rd Lancaster, PA	3.0	1.5	2128	$2,195	$1.03	24d	1	1.14mi
590 Candlewyck Rd Lancaster, PA	2.0–4.0	1.5	1475	$2,158	$1.46	14d	8	1.35mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-05-09
   status Pending 1241-char remark

   Show marketing remark (1241 chars)

   Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

2. 2026-05-05
   status Active 1241-char remark

   Show marketing remark (1241 chars)

   Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

3. 2026-04-27
   status Pending 1241-char remark

   Show marketing remark (1241 chars)

   Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

4. 2026-04-21
   price $260,000 1241-char remark

   Show marketing remark (1241 chars)

   Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

5. 2026-03-24
   listed $280,000 Active 1241-char remark

   Show marketing remark (1241 chars)

   Welcome to this lovely end-unit townhome in the desirable Mallard Landing community! Step inside to an inviting foyer that flows seamlessly into a charming dining area, surrounded by windows that fill the space with natural light. The dining area opens to a spacious kitchen featuring ample cabinet space and a convenient built-in desk area—perfect for everyday living. The cozy family room offers plush carpeting, window treatments, and direct access to the outdoors. The main level also includes a laundry room with shelving and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms and a large full bath. The primary bedroom offers a unique opportunity for buyers, with flooring already removed down to the plywood—ready for your personal touch and new carpeting. The finished basement provides additional versatile living space, complete with elegant French doors, plus an unfinished area ideal for storage. Enjoy outdoor living on the private patio with a neighboring privacy fence, overlooking a cleared backyard—perfect for relaxing or entertaining. Additional highlights include a one-car attached garage and a prime location close to shopping, dining, and entertainment. A joy to own!

6. 1995-07-21
   soldstatus $98,400

ⓘ 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: $3,690 · $308/mo
• Projected year-2 tax: $3,899 · $325/mo
• Expected delta: +$209/yr (+$17/mo · 5.7%)

ⓘ 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 6/10 Major 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,429
• − Mortgage interest: −$14,564
• − Property taxes: −$3,690
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,274
• − Management: −$2,274
• − HOA: −$3,600
• − Depreciation: −$7,564
• Taxable loss: −$6,838
• Est. tax savings @ 24.0%: +$1,641
• After-tax cash flow: $-852/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: Hempfield SD
• NCES district ID: 4211790
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 65% ▼ -7.00%
• Median HH income: $67,908
• Composite: 50.66/100
• National rank: #1829
• State rank: #81 of 539 in PA

Livability — East Hempfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Lancaster County · 390,309 people
• Metro: Lancaster, PA
• Population (ZIP): 56,382
• Household income: $102,435
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 1296.0

Population outlook (Lancaster County) Hauer SSP2

• Today (2025): 561,011 people
• By 2030: 570,969 · +1.8%
• By 2040: 585,929 · +4.4%
• By 2050: 591,056 · +5.4%
• By 2075: 594,747 · +6.0%
• By 2100: 558,850 · -0.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 10% Two or more races 7% Asian 6% Black 4%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Vietnam, China
• Languages at home: 86% English-only · Spanish 5% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Lancaster

• 2024 margin: R (+15.9) · D 41.5% · R 57.5%
• 2008→2024 swing: -4.1pp toward R · 2008: -11.8pp · 2024: -15.9pp
• All cycles: 2024: R+15.9 2020: R+15.8 2016: R+19.7 2012: R+19.2 2008: R+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -383.04%
• Current HPI: 257.0336
• Rent YoY: ▲ 3.99%
• Metro: Lancaster, 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

+164.2% since first listed

6 events — show timeline

• 2026-05-09 Pending — BRIGHT MLS
• 2026-05-05 Relisted — BRIGHT MLS
• 2026-04-27 Pending — BRIGHT MLS
• 2026-04-21 Price Changed $260,000 BRIGHT MLS
• 2026-03-24 Listed $280,000 BRIGHT MLS
• 1995-07-21 Sold (Public Records) $98,400 Public Records

Property tax history

+2.7%/yr

Latest (2026): $3,690 · +7.1% YoY. Source: county tax records.