143 Kline Rd · Shippensburg, PA 17257

$159,900

2 bd · 1.0 ba · 1,392 sqft · SingleFamily public records · 17 Days on market

Built 1960 0.43 ac lot $115/sqft · 39% below area Est $263k · 39% under

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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 +10.0/30.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors or buyers looking for a smart opportunity! This property is full of potential and already features some key updates, including a newer roof and vinyl siding. Situated on a beautiful lot just shy of half an acre in the rolling countryside of Shippensburg, this ranch home offers over 1,300 square feet of living space. Inside, you’ll find a spacious living room, an eat-in kitchen, three bedrooms, and one full bathroom. Additional features include vinyl replacement windows, electric baseboard heat, and convenient driveway parking. The large yard provides plenty of outdoor space and adds to the home’s appeal. With some finishing touches and updates, this property has strong potential for an excellent return on investment. Call today to learn more or to schedule your private tour!

Key facts

• 0.43 acre lot
• 3 parking spots
• Built 1960

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $-162 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (17.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (17.9% below list).
• Recommended offer: $131k (17.9% below list) — sets the bar for cash-flow.
• Cap rate 5.6% 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.
• Market conditions: 161 active listings in the ZIP; 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 $5k 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 17 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $68k; list at $160k implies a 135% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,210 (17.9% 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. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.82% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.57%
• DSCR: 0.89
• GRM: 10.2

CMA / ARV

• ARV (median comp): $262,717
• List price: $159,900
• Delta: -39.14%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
143 Kline Rd	0.00mi	3/1.0 (+1)	1,392 (0%)	0mo	$169,000	$121	95

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: -23.6%
• Equity multiple: 0.19×
• Total profit: $-36,177
• Equity at exit: $23,842

10-year hold

• IRR: -18.3%
• Equity multiple: 0.01×
• Total profit: $-44,507
• Equity at exit: $13,825

Cash invested: $44,772 (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: 161
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,312 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$227 /mo · $2,729/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $-162

Break-even live

Break-even rent $1,518

Max offer price $131,210

Occupancy floor —

Sensitivity live

Price	-10% $-72	-5% $-117	+0% $-162	+5% $-208	+10% $-253
Rent	-10% $-266	-5% $-214	+0% $-162	+5% $-111	+10% $-59
Rate	-1.0pp $-82	-0.5pp $-122	base $-162	+0.5pp $-204	+1.0pp $-246

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-15
   status Active 819-char remark

   Show marketing remark (819 chars)

   Calling all investors or buyers looking for a smart opportunity! This property is full of potential and already features some key updates, including a newer roof and vinyl siding. Situated on a beautiful lot just shy of half an acre in the rolling countryside of Shippensburg, this ranch home offers over 1,300 square feet of living space. Inside, you’ll find a spacious living room, an eat-in kitchen, three bedrooms, and one full bathroom. Additional features include vinyl replacement windows, electric baseboard heat, and convenient driveway parking. The large yard provides plenty of outdoor space and adds to the home’s appeal. With some finishing touches and updates, this property has strong potential for an excellent return on investment. Call today to learn more or to schedule your private tour!

2. 2026-04-13
   status Pending 819-char remark

   Show marketing remark (819 chars)

   Calling all investors or buyers looking for a smart opportunity! This property is full of potential and already features some key updates, including a newer roof and vinyl siding. Situated on a beautiful lot just shy of half an acre in the rolling countryside of Shippensburg, this ranch home offers over 1,300 square feet of living space. Inside, you’ll find a spacious living room, an eat-in kitchen, three bedrooms, and one full bathroom. Additional features include vinyl replacement windows, electric baseboard heat, and convenient driveway parking. The large yard provides plenty of outdoor space and adds to the home’s appeal. With some finishing touches and updates, this property has strong potential for an excellent return on investment. Call today to learn more or to schedule your private tour!

3. 2026-04-09
   listed $159,900 Active 819-char remark

   Show marketing remark (819 chars)

   Calling all investors or buyers looking for a smart opportunity! This property is full of potential and already features some key updates, including a newer roof and vinyl siding. Situated on a beautiful lot just shy of half an acre in the rolling countryside of Shippensburg, this ranch home offers over 1,300 square feet of living space. Inside, you’ll find a spacious living room, an eat-in kitchen, three bedrooms, and one full bathroom. Additional features include vinyl replacement windows, electric baseboard heat, and convenient driveway parking. The large yard provides plenty of outdoor space and adds to the home’s appeal. With some finishing touches and updates, this property has strong potential for an excellent return on investment. Call today to learn more or to schedule your private tour!

4. 2026-04-03
   historical $159,900 819-char remark

   Show marketing remark (819 chars)

   Calling all investors or buyers looking for a smart opportunity! This property is full of potential and already features some key updates, including a newer roof and vinyl siding. Situated on a beautiful lot just shy of half an acre in the rolling countryside of Shippensburg, this ranch home offers over 1,300 square feet of living space. Inside, you’ll find a spacious living room, an eat-in kitchen, three bedrooms, and one full bathroom. Additional features include vinyl replacement windows, electric baseboard heat, and convenient driveway parking. The large yard provides plenty of outdoor space and adds to the home’s appeal. With some finishing touches and updates, this property has strong potential for an excellent return on investment. Call today to learn more or to schedule your private tour!

5. 1991-11-15
   soldstatus $68,000
6. 1990-07-13
   soldstatus $59,900

ⓘ 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: $2,729 · $227/mo
• Projected year-2 tax: $2,729 · $227/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 17 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: $15,746
• − Mortgage interest: −$8,957
• − Property taxes: −$2,729
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,260
• − Management: −$1,260
• − Depreciation: −$4,652
• Taxable loss: −$4,708
• Est. tax savings @ 24.0%: +$1,130
• After-tax cash flow: $-819/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

• 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

+166.9% since first listed

6 events — show timeline

• 2026-05-15 Relisted — BRIGHT MLS
• 2026-04-13 Pending — BRIGHT MLS
• 2026-04-09 Listed $159,900 BRIGHT MLS
• 2026-04-03 Coming Soon $159,900 BRIGHT MLS
• 1991-11-15 Sold (Public Records) $68,000 Public Records
• 1990-07-13 Sold (Public Records) $59,900 Public Records

Property tax history

+2.9%/yr

Latest (2026): $2,729 · +3.7% YoY. Source: county tax records.