506 Hogestown Rd · Silver Spring, PA 17050

$215,000

2 bd · 1.0 ba · 1,233 sqft · SingleFamily public records · 32 Days on market

Built 1953 0.33 ac lot $174/sqft · at area comps Est $264k · 18% under

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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).

• Cash flow +16.4/30.0
• ARV discount +15.0/15.0
• Schools +5.6/10.0
• DSCR +5.1/10.0
• 1% rule +4.0/10.0
• Rent growth +3.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

Key facts

• Updated kitchen
• Granite countertops
• Tile backsplash

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• DURABLE TILE FLOORING
• FINISHED LOWER LEVEL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (9.5% below list).
• Recommended offer: $195k (9.5% 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.
• Cumberland Valley SD (suburban): math 54% / reading 71% proficiency, ranked #52 of 539 in PA (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
• Zoned schools: Silver Spring El Sch (math 61% / reading 76%, grade B+, #181 of 1,518 statewide, top 12%, 516 students, 28% FRL); Eagle View Ms (math 39% / reading 67%, grade C+, #90 of 512 statewide, top 19%, 1,021 students, 29% FRL); Cumberland Valley Hs (math 66% / reading 24%, grade D-, #191 of 437 statewide, top 44%, 3,035 students, 25% FRL).
• Market conditions: Rents rising (+2.0%/yr); 341 active listings in the ZIP; high-income renter base; 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 $6k 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 32 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y 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 $153k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $194,560 (9.5% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.90% ✗
• Cap rate: 6.98%
• Cash-on-cash: 2.47%
• DSCR: 1.11
• GRM: 9.2

CMA / ARV

• ARV (median comp): $263,794
• List price: $215,000
• Delta: -18.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
504 Hogestown Rd	0.02mi	2/1.0	1,227 (-0%)	4mo	$239,500	$195	95
529 Hogestown Rd	0.17mi	3/1.5 (+1)	1,328 (+8%)	5mo	$290,000	$218	68
521 Hogestown Rd	0.11mi	3/1.0 (+1)	1,344 (+9%)	20mo	$185,000	$138	58
124 Woods Dr #9	0.61mi	2/2.0	1,204 (-2%)	11mo	$47,500	$39	54

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 · 1.99% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.52×
• Total profit: $-28,931
• Equity at exit: $32,057

10-year hold

• IRR: -6.2%
• Equity multiple: 0.62×
• Total profit: $-22,977
• Equity at exit: $18,589

Cash invested: $60,200 (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 17050

• Rents YoY: 2.0%
• Active inventory: 341
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,946 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$196 /mo · $2,355/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $124

Break-even live

Break-even rent $1,789

Max offer price $215,000

Occupancy floor 89%

Sensitivity live

Price	-10% $245	-5% $185	+0% $124	+5% $63	+10% $2
Rent	-10% $-30	-5% $47	+0% $124	+5% $201	+10% $277
Rate	-1.0pp $232	-0.5pp $178	base $124	+0.5pp $68	+1.0pp $11

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-07
   status Pending 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

2. 2026-04-30
   price $215,000 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

3. 2026-04-20
   price $222,500 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

4. 2026-04-08
   price $225,000 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

5. 2026-04-08
   status Active 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

6. 2026-02-24
   status Pending 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

7. 2026-02-20
   listed $215,000 Active 976-char remark

   Show marketing remark (976 chars)

   Adorable Cape Cod that perfectly blends classic charm with thoughtful modern updates. This inviting home retains its period character while offering today’s desired amenities. The updated kitchen features granite countertops, tile backsplash, stainless steel appliances, and durable tile flooring. Spacious dining and living rooms provide generous space for everyday living and entertaining, highlighted by beautiful wood floors and a cozy fireplace. The finished lower level offers valuable extra living space complete with a full bath—ideal for a family room, guest suite, or home office. Enjoy relaxing in the enclosed rear porch overlooking the fenced backyard. Outdoor living continues with a brick patio, perfect for gatherings. A detached oversized one-car garage and storage shed provide excellent storage options. Conveniently located near area amenities and major highways, this home is truly a wonderful place to call home. Schedule your showing today!

8. 2016-09-29
   soldstatus $153,000
9. 2016-09-28
   soldstatus $153,000 516-char remark

   Show marketing remark (516 chars)

   Adorable and well maintained Cape Cod charmingly updated while maintaining period character. Kitchen with granite counters, tile back splash, SS appliances, and tile floor. Generously-sized Dining and Living Rooms. Fireplace. Wood floors throughout. Updated bath. Replacement windows. Finished Lower Level with bath. Relaxing enclosed rear porch overlooks fenced yard. Brick patio. Detached, oversized 1-car garage & storage shed. Convenient to area amenities and Hwys. A great place to call home! See today!

10. 2016-08-15
    listed $149,900 516-char remark

    Show marketing remark (516 chars)

    Adorable and well maintained Cape Cod charmingly updated while maintaining period character. Kitchen with granite counters, tile back splash, SS appliances, and tile floor. Generously-sized Dining and Living Rooms. Fireplace. Wood floors throughout. Updated bath. Replacement windows. Finished Lower Level with bath. Relaxing enclosed rear porch overlooks fenced yard. Brick patio. Detached, oversized 1-car garage & storage shed. Convenient to area amenities and Hwys. A great place to call home! See today!

11. 2005-01-13
    soldstatus $122,500
12. 2004-10-25
    listed $122,500
13. 1993-10-27
    soldstatus $84,200

ⓘ 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: $2,355 · $196/mo
• Projected year-2 tax: $2,876 · $240/mo
• Expected delta: +$521/yr (+$43/mo · 22.1%)

ⓘ 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 5/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,347
• − Mortgage interest: −$12,043
• − Property taxes: −$2,355
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,868
• − Management: −$1,868
• − Depreciation: −$6,255
• Taxable loss: −$2,116
• Est. tax savings @ 24.0%: +$508
• After-tax cash flow: $1,993/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: Cumberland Valley SD
• NCES district ID: 4207110
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 71% ▼ -7.00%
• Median HH income: $78,135
• Composite: 55.77/100
• National rank: #1218
• State rank: #52 of 539 in PA

Livability — Silver Spring

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

Census & demographics

• County: Cumberland County · 257,673 people
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 43,571
• Household income: $113,720
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 535.0

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 (75%)
• Race & ethnicity: White 75% Asian 16% Two or more races 5% Hispanic / Latino 4% Black 1%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada, China, Vietnam
• Languages at home: 81% English-only · Other Indo-European 6% Other Asian/Pacific 5% Spanish 3%

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: ▼ -140.84%
• Current HPI: 241.7363
• Rent YoY: ▲ 1.99%
• 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

+155.3% since first listed

13 events — show timeline

• 2026-05-07 Pending — BRIGHT MLS
• 2026-04-30 Price Changed $215,000 BRIGHT MLS
• 2026-04-20 Price Changed $222,500 BRIGHT MLS
• 2026-04-08 Price Changed $225,000 BRIGHT MLS
• 2026-04-08 Relisted — BRIGHT MLS
• 2026-02-24 Pending — BRIGHT MLS
• 2026-02-20 Listed $215,000 BRIGHT MLS
• 2016-09-29 Sold (Public Records) $153,000 Public Records
• 2016-09-28 Sold (MLS) $153,000 BRIGHT MLS
• 2016-08-15 Listed $149,900 BRIGHT MLS
• 2005-01-13 Sold (MLS) $122,500 BRIGHT MLS
• 2004-10-25 Listed $122,500 BRIGHT MLS
• 1993-10-27 Sold (Public Records) $84,200 Public Records

Property tax history

+2.6%/yr

Latest (2026): $2,355 · +3.0% YoY. Source: county tax records.