940A Innsbruck Dr · Derry, PA 17036

$220,000

2 bd · 1.5 ba · 1,188 sqft · Condo public records · 6 Days on market

Built 1984 $185/sqft · 6% below area Est $267k · 18% under $229/mo HOA · 11% 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).

• ARV discount +15.0/15.0
• Cash flow +11.2/30.0
• Schools +6.5/10.0
• 1% rule +4.1/10.0
• Livability +3.4/5.0
• DSCR +3.3/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

Key facts

• Easy access
• Great location
• Quiet enclave

Tags

• GREAT LOCATION
• EASY ACCESS
• QUIET ENCLAVE
• ADDITIONAL SPACE

Property features AI

Finance

• HOA & community: Monthly condo fee of $229 (includes other community services/amenities); Pets allowed with no pet restrictions

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; 200+ amp electric service; Electric hot water; Cable TV available
• Home design: Condominium; Brick and stick-built construction
• Construction: Shingle/composite roof
• Exterior features: Enclosed patio; Not in a federal flood zone; No tidal water on the lot

Interior

• Kitchen: Dishwasher; Garbage disposal; Refrigerator; Electric oven/range
• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (electric); Central air conditioning
• Interior features: Window treatments; Eat-in kitchen; Combination dining and living area; Built-in shelving/cabinetry; One fireplace; Fully finished basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $-84 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (6.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (8.7% below list).
• Recommended offer: $201k (8.7% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.5% in Derry — 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 67/100 on livability (#952 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Derry Township SD (suburban): math 74% / reading 76% proficiency, ranked #15 of 539 in PA (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 106 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 540 units permitted in Dauphin County in 2024 (194 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 $7k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 15y 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.
• Current owner paid $89k; list at $220k implies a 147% gain — meaningful room to come down on a strong offer.

Recommended offer $200,847 (8.7% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 5.83%
• Cash-on-cash: -1.64%
• DSCR: 0.93
• GRM: 9.1

CMA / ARV

• ARV (median comp): $266,701
• List price: $220,000
• Delta: -17.51%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.55% rent growth · sell at horizon

5-year hold

• IRR: -22.0%
• Equity multiple: 0.26×
• Total profit: $-45,733
• Equity at exit: $32,803

10-year hold

• IRR: -24.3%
• Equity multiple: -0.06×
• Total profit: $-65,126
• Equity at exit: $19,022

Cash invested: $61,600 (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 17036

• Home prices YoY: -28.4%
• Rents YoY: 0.6%
• Active inventory: 106
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,008 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$197 /mo · $2,360/yr
• Insurance: −$92
• HOA: −$229
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $-84

Break-even live

Break-even rent $2,115

Max offer price $205,095

Occupancy floor 99%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
999 Briarcrest Dr Hershey, PA	2.0–3.0	1.5–2.5	1199	$1,840	$1.53	13d	20	1.12mi
295 E Main St Unit 2 Hummelstown, PA	2.0	1.0	900	$2,000	$2.22	43d	1	1.37mi
210 Division St Hummelstown, PA	3.0	1.0	1340	$2,200	$1.64	43d	1	1.40mi

HOA detail condo

• Monthly dues: $229 · $2,748/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-05-07
   status Pending 980-char remark
2. 2026-05-07
   status Pending 980-char remark
3. 2026-05-01
   listed $220,000 Active 980-char remark
4. 2026-04-29
   listed $220,000 Active 980-char remark
5. 2022-04-17
   price $1,400
6. 2012-03-16
   soldstatus $89,000

   Show marketing remark (424 chars)

   Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

7. 2012-02-28
   historical

   Show marketing remark (424 chars)

   Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

8. 2012-02-28
   historical

   Show marketing remark (424 chars)

   Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

9. 2011-07-14
   listed $91,900

   Show marketing remark (424 chars)

   Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

10. 2011-07-14
    listed $91,900

    Show marketing remark (424 chars)

    Enjoy all the amenities and attractions Hershey has to offer in this nice, private, condo nestled in the woods conveniently located behind the Medical Center and Shank Park. This cozy condo has many beautiful architectural touches such as ceiling beams, built in bookcase , gorgeous stone fireplace, finished lower level bonus room w/ separate exterior entry, lovely, spacious four season sunroom to enjoy nature year round!

11. 1996-10-18
    soldstatus $75,000
12. 1984-09-21
    soldstatus $80,000

ⓘ 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: $2,360 · $197/mo
• Projected year-2 tax: $2,918 · $243/mo
• Expected delta: +$558/yr (+$46/mo · 23.6%)

ⓘ 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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,102
• − Mortgage interest: −$12,323
• − Property taxes: −$2,360
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,928
• − Management: −$1,928
• − HOA: −$2,748
• − Depreciation: −$6,400
• Taxable loss: −$4,686
• Est. tax savings @ 24.0%: +$1,125
• After-tax cash flow: $112/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: Derry Township SD
• NCES district ID: 4207590
• Math proficiency: 74% ▲ 7.00%
• Reading proficiency: 76% ▼ -6.00%
• Median HH income: $66,068
• Composite: 65.05/100
• National rank: #502
• State rank: #15 of 539 in PA

Livability — Derry

• Score: 67/100
• State rank: #952
• US rank: #10435

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hershey, PA
• County: Dauphin County · 247,857 people
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 23,520
• Household income: $115,533
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 357.0

Population outlook (Dauphin County) Hauer SSP2

• Today (2025): 281,628 people
• By 2030: 283,549 · +0.7%
• By 2040: 285,385 · +1.3%
• By 2050: 286,188 · +1.6%
• By 2075: 291,053 · +3.3%
• By 2100: 282,374 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Asian 8% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 5% Slovak 2% Italian 2%
• Foreign-born: 10% · China, Canada, Vietnam
• Languages at home: 89% English-only · Other Indo-European 4% Spanish 3% Chinese 2%

Political lean MEDSL · Dauphin

• 2024 margin: Lean D (+5.9) · D 52.4% · R 46.5% · Other 1.1%
• 2008→2024 swing: -3.1pp toward R · 2008: 9.1pp · 2024: 5.9pp
• All cycles: 2024: D+5.9 2020: D+8.5 2016: D+2.8 2012: D+6.0 2008: D+9.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.37%
• Current HPI: 245.2109
• Rent YoY: ▲ 0.55%
• 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

+175.0% since first listed

13 events — show timeline

• 2026-05-07 Pending — BRIGHT MLS
• 2026-05-07 Pending — BRIGHT MLS
• 2026-05-07 Listing Removed — BRIGHT MLS
• 2026-05-01 Listed $220,000 BRIGHT MLS
• 2026-04-29 Listed $220,000 BRIGHT MLS
• 2022-04-17 Price Changed $1,400 RENT.
• 2012-03-16 Sold (MLS) $89,000 BRIGHT MLS
• 2012-02-28 Listing Removed — BRIGHT MLS
• 2012-02-28 Listing Removed — BRIGHT MLS
• 2011-07-14 Listed $91,900 BRIGHT MLS
• 2011-07-14 Listed $91,900 BRIGHT MLS
• 1996-10-18 Sold (Public Records) $75,000 Public Records
• 1984-09-21 Sold (Public Records) $80,000 Public Records

Property tax history

+1.8%/yr

Latest (2026): $2,360 · +2.6% YoY. Source: county tax records.