145 Underwood Ln · The Hideout, PA 18436

$369,999

5 bd · 3.0 ba · 2,262 sqft · SingleFamily · 94 Days on market

Built 2000 0.47 ac lot Est $362k · at est. $194/mo HOA · 8% 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).

• Appreciation +10.0/10.0
• ARV discount +6.5/15.0
• Cash flow +4.9/30.0
• Schools +4.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.0/10.0

Listing remarks

Welcome to this spacious five-bedroom, three full bath split-level home nestled in the highly sought-after Hideout community. With a two-car garage and room for the entire family, this home is ideal for both everyday living and weekend gatherings. Enjoy cozy evenings by the fireplace, relax in the sun-drenched four-season room filled with natural light, and appreciate the comfort of an efficient heating system and central air conditioning. The lower-level rec room offers the perfect space for entertaining, hobbies, or additional living area, all set in a quiet and peaceful location. This home truly offers space, comfort, and lifestyle in one exceptional setting.

Key facts

• Lower-level rec room
• Four-season room
• Quiet location

Tags

• FOUR-SEASON ROOM
• EFFICIENT HEATING SYSTEM
• CENTRAL AIR CONDITIONING
• LOWER-LEVEL REC ROOM
• QUIET LOCATION

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-895 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $240k (35.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (36.5% below list).
• Recommended offer: $235k (36.5% below list) — sets the bar for 1% rule.
• Cap rate 3.4% vs local median 5.0% in The Hideout — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 72/100 on livability (#668 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools D, amenities F, commute F.
• 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: 338 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 $40k of equity ($3k loan paydown + $37k 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.
• By year 2, paydown + projected appreciation supports a ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($337k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y 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 $225k; list at $370k implies a 64% gain — meaningful room to come down on a strong offer.

Recommended offer $234,913 (36.5% 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 94 days. Have you received any prior offers? Is the seller open to a 37% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.63% ✗
• Cap rate: 3.39%
• Cash-on-cash: -10.37%
• DSCR: 0.54
• GRM: 13.1

CMA / ARV

• ARV (on-the-fly): $361,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20 Renwood Ct	0.13mi	4/3.0 (-1)	2,276 (+1%)	22mo	$305,000	$134	70
73 Cedarwood Ter	0.24mi	4/2.0 (-1)	2,182 (-4%)	9mo	$305,000	$140	67
222 Parkwood Dr	0.24mi	4/2.0 (-1)	2,238 (-1%)	15mo	$380,000	$170	66
18 Lakewood Ct	0.12mi	4/3.0 (-1)	2,403 (+6%)	17mo	$385,000	$160	65
75 Cedarwood Ter	0.25mi	4/3.0 (-1)	2,146 (-5%)	15mo	$339,900	$158	62
55 Oak Cir	0.51mi	4/3.0 (-1)	2,236 (-1%)	12mo	$285,000	$127	59
24 Tarot Ct	0.29mi	4/2.0 (-1)	2,312 (+2%)	20mo	$160,000	$69	57
202 Parkwood Dr	0.27mi	4/3.0 (-1)	2,140 (-5%)	20mo	$447,000	$209	56
318 Lakeview Dr W	0.75mi	5/3.0	2,242 (-1%)	12mo	$1,010,200	$451	53
223 Parkwood Dr	0.29mi	4/3.0 (-1)	2,562 (+13%)	14mo	$349,000	$136	48
7 Woodpoint Ct	0.57mi	5/2.0	2,584 (+14%)	1mo	$1,175,000	$455	45
61 Deerfield Rd	0.74mi	4/3.5 (-1)	2,475 (+9%)	11mo	$675,000	$273	34

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: 17.0%
• Equity multiple: 2.40×
• Total profit: $144,652
• Equity at exit: $333,324

10-year hold

• IRR: 16.2%
• Equity multiple: 5.55×
• Total profit: $471,120
• Equity at exit: $718,827

Cash invested: $103,600 (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 18436

• Home prices YoY: 16.9%
• Active inventory: 338
• Price-to-rent: 13.1×

Monthly cashflow live

• Estimated rent: $2,349 medium
• Mortgage (P&I): −$1,940
• Tax est. 1.5%: −$462 /mo · $5,550/yr
• Insurance: −$154
• HOA: −$194
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-895

Break-even live

Break-even rent $3,482

Max offer price $240,467

Occupancy floor —

Sensitivity live

Price	-10% $-639	-5% $-767	+0% $-895	+5% $-1,023	+10% $-1,151
Rent	-10% $-1,081	-5% $-988	+0% $-895	+5% $-802	+10% $-710
Rate	-1.0pp $-709	-0.5pp $-801	base $-895	+0.5pp $-991	+1.0pp $-1,089

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: $92,500
• Closing costs: $11,100
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $194 · $2,328/yr

Listing history 12 events

1. 2026-04-18
   status Pending
2. 2026-03-23
   price $369,999
3. 2026-01-13
   listed $379,999 Active
4. 2025-06-06
   price $379,999
5. 2025-06-05
   price $379,999
6. 2025-04-29
   price $399,999
7. 2025-04-29
   price $399,999
8. 2025-04-28
   price $400,000
9. 2025-04-28
   price $400,000
10. 2025-04-05
    listed $415,000 Active
11. 2010-05-28
    soldstatus $225,000
12. 2008-02-05
    listed $297,000

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

Taxation est. · year 1

• Rental income: $28,190
• − Mortgage interest: −$20,726
• − Property taxes: −$5,550
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,255
• − Management: −$2,255
• − HOA: −$2,328
• − Depreciation: −$10,764
• Taxable loss: −$17,538
• Est. tax savings @ 24.0%: +$4,209
• After-tax cash flow: $-6,533/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: 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 — The Hideout

• Score: 72/100
• State rank: #668
• US rank: #6516

Category grades

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

Schools grade is shown separately in the Schools card above.

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

+24.6% since first listed

12 events — show timeline

• 2026-04-18 Pending — PWMLS
• 2026-03-23 Price Changed $369,999 PWMLS
• 2026-01-13 Listed $379,999 PWMLS
• 2025-06-06 Price Changed $379,999 PWMLS
• 2025-06-05 Price Changed $379,999 GSBR as distributed by MLS GRID
• 2025-04-29 Price Changed $399,999 PWMLS
• 2025-04-29 Price Changed $399,999 GSBR as distributed by MLS GRID
• 2025-04-28 Price Changed $400,000 PWMLS
• 2025-04-28 Price Changed $400,000 GSBR as distributed by MLS GRID
• 2025-04-05 Listed $415,000 PWMLS
• 2010-05-28 Sold (MLS) $225,000 GSBR as distributed by MLS GRID
• 2008-02-05 Listed $297,000 GSBR as distributed by MLS GRID