1C401 Staley Rd · Wayne Heights, PA 17268

$145,000

2 bd · 0.5 ba · 1,032 sqft · SingleFamily · 68 Days on market

Built 1950 Average condition

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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 +14.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• 1% rule +4.0/10.0
• Schools +3.8/10.0
• Livability +3.8/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Eagles Nest, a rare opportunity to own a secluded cabin tucked deep within the breathtaking Michaux State Forest. Surrounded by nature and offering unmatched privacy, this property sits on leased state forest land—an exclusive setting where only a handful of cabins are permitted. This meticulously maintained 2-bedroom cabin offers 1,032 square feet of warm and inviting living space. Inside, you’ll find spacious gathering and sitting areas perfect for relaxing or entertaining, a full kitchen, and the charm of both a wood stove and a stunning stone propane fireplace—ideal for cozy evenings year-round. Step outside and take in the peaceful setting, where a gentle stream runs alongside the property, creating the perfect backdrop for quiet mornings and evenings by the fire. The property also features a 12x12 shed for additional storage and a gated driveway for added privacy and security. The property has a well maintained heated outhouse. All of the cabins contents and furniture is included in the sale price and is to convey. This is truly a move in ready cabin with everything you need to enjoy the upcoming summer. Eagles Nest is truly a nature lover’s retreat, with abundant wildlife and endless opportunities for outdoor recreation right at your doorstep. Within the forest there are miles of trails, lakes, a pool, golf courses and so much more. Whether you’re looking for a private family getaway, a hunting cabin, or a place to unplug and recharge, this one-of-a-kind property delivers. Don’t miss your chance to own this cabin in the Michaux forest—properties like this rarely become available. * This is a land lease and cannot be a primary residence. Buyer must be a PA resident, and this is a cash only sale *

Key facts

• Wood stove
• Secluded cabin
• Gentle stream

Tags

• SECLUDED CABIN
• WOOD STOVE
• STONE PROPANE FIREPLACE
• GENTLE STREAM
• 12X12 SHED
• GATED DRIVEWAY

What this means for you Summary

Snapshot

• This is a 2-bed/0.5-bath single-family listed at $145k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $30 ($356/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 $131k (9.9% below list).
• Recommended offer: $131k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 2.7% in Wayne Heights — 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 76/100 on livability (#377 in PA, #3,350 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Waynesboro Area SD (town): math 36% / reading 52% proficiency, ranked #283 of 539 in PA (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mowrey El Sch (math 35% / reading 56%, grade D-, #801 of 1,518 statewide, top 53%, 513 students, 55% FRL); Waynesboro Area Ms (math 27% / reading 48%, grade F, #292 of 512 statewide, top 58%, 990 students, 54% FRL); Waynesboro Area Shs (math 69% / reading 24%, grade D-, #173 of 437 statewide, top 40%, 1,439 students, 47% FRL) — zoned schools average 52% FRL vs 36% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 233 active listings in the ZIP; 633 units permitted in Franklin County in 2024 (112 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 $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,599 (9.9% below list)

Questions for the listing agent

1. It's been on market 68 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 6.54%
• Cash-on-cash: 0.88%
• DSCR: 1.04
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.9%
• Equity multiple: 0.47×
• Total profit: $-21,587
• Equity at exit: $21,620

10-year hold

• IRR: -6.2%
• Equity multiple: 0.60×
• Total profit: $-16,284
• Equity at exit: $12,537

Cash invested: $40,600 (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 17268

• Active inventory: 233
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,306 medium
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $30

Break-even live

Break-even rent $1,268

Max offer price $145,000

Occupancy floor 93%

Sensitivity live

Price	-10% $130	-5% $80	+0% $30	+5% $-20	+10% $-71
Rent	-10% $-74	-5% $-22	+0% $30	+5% $81	+10% $133
Rate	-1.0pp $103	-0.5pp $67	base $30	+0.5pp $-8	+1.0pp $-46

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-23
   days on market $145,000 Active 68 DOM
2. 2026-06-22
   days on market $145,000 Active 67 DOM
3. 2026-06-18
   days on market $145,000 Active 64 DOM
4. 2026-06-17
   days on market $145,000 Active 63 DOM
5. 2026-06-16
   days on market $145,000 Active 62 DOM
6. 2026-06-15
   days on market $145,000 Active 61 DOM
7. 2026-06-14
   days on market $145,000 Active 59 DOM
8. 2026-06-13
   days on market $145,000 Active 58 DOM
9. 2026-06-10
   days on market $145,000 Active 56 DOM
10. 2026-06-09
    days on market $145,000 Active 55 DOM
11. 2026-06-08
    days on market $145,000 Active 54 DOM
12. 2026-06-07
    days on market $145,000 Active 53 DOM
13. 2026-06-05
    days on market $145,000 Active 50 DOM
14. 2026-06-03
    days on market $145,000 Active 49 DOM
15. 2026-06-02
    days on market $145,000 Active 48 DOM
16. 2026-06-01
    days on market $145,000 Active 47 DOM
17. 2026-05-31
    days on market $145,000 Active 46 DOM
18. 2026-05-30
    days on market $145,000 Active 45 DOM
19. 2026-04-15
    listed $159,900 Active 1785-char remark

    Show marketing remark (1785 chars)

    Welcome to Eagles Nest, a rare opportunity to own a secluded cabin tucked deep within the breathtaking Michaux State Forest. Surrounded by nature and offering unmatched privacy, this property sits on leased state forest land—an exclusive setting where only a handful of cabins are permitted. This meticulously maintained 2-bedroom cabin offers 1,032 square feet of warm and inviting living space. Inside, you’ll find spacious gathering and sitting areas perfect for relaxing or entertaining, a full kitchen, and the charm of both a wood stove and a stunning stone propane fireplace—ideal for cozy evenings year-round. Step outside and take in the peaceful setting, where a gentle stream runs alongside the property, creating the perfect backdrop for quiet mornings and evenings by the fire. The property also features a 12x12 shed for additional storage and a gated driveway for added privacy and security. The property has a well maintained heated outhouse. All of the cabins contents and furniture is included in the sale price and is to convey. This is truly a move in ready cabin with everything you need to enjoy the upcoming summer. Eagles Nest is truly a nature lover’s retreat, with abundant wildlife and endless opportunities for outdoor recreation right at your doorstep. Within the forest there are miles of trails, lakes, a pool, golf courses and so much more. Whether you’re looking for a private family getaway, a hunting cabin, or a place to unplug and recharge, this one-of-a-kind property delivers. Don’t miss your chance to own this cabin in the Michaux forest—properties like this rarely become available. * This is a land lease and cannot be a primary residence. Buyer must be a PA resident, and this is a cash only sale *

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $15,672
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,254
• − Management: −$1,254
• − Depreciation: −$4,218
• Taxable loss: −$2,076
• Est. tax savings @ 24.0%: +$498
• After-tax cash flow: $854/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.

Condition & rehab AI · 12 photos

Average 55/100 Cosmetic rehab

This Eagles Nest cabin offers a serene and secluded setting with average condition. A fresh coat of paint and some interior updates would significantly enhance its resale and rental value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Clean windows — Improves natural light and aesthetics
• Both Replace worn-out furniture — Updates interior and enhances comfort
• Both Install new flooring — Improves comfort and resale value
• Both Upgrade HVAC system — Enhances comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Clean windows — Improves natural light and aesthetics ↑
• Both Replace worn-out furniture — Updates interior and enhances comfort ↑
• Both Install new flooring — Improves comfort and resale value ↑
• Both Upgrade HVAC system — Enhances comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Waynesboro Area SD
• NCES district ID: 4225110
• Math proficiency: 36% ▼ -15.00%
• Reading proficiency: 52% ▼ -15.00%
• Median HH income: $50,445
• Composite: 37.79/100
• National rank: #4342
• State rank: #283 of 539 in PA

Livability — Wayne Heights

• Score: 76/100
• State rank: #377
• US rank: #3350

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Franklin County · 56,916 people
• Metro: Chambersburg-Waynesboro, PA
• Population (ZIP): 29,362
• Household income: $73,161
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 539.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 157,827 people
• By 2030: 158,933 · +0.7%
• By 2040: 159,060 · +0.8%
• By 2050: 155,132 · -1.7%
• By 2075: 138,545 · -12.2%
• By 2100: 112,321 · -28.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+43.0) · D 28.1% · R 71.1%
• 2008→2024 swing: -10.4pp toward R · 2008: -32.6pp · 2024: -43.0pp
• All cycles: 2024: R+43.0 2020: R+43.1 2016: R+46.5 2012: R+38.5 2008: R+32.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -113.20%
• Current HPI: 189.6931
• Rent YoY: —
• Metro: Chambersburg-Waynesboro, 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

1 event — show timeline

• 2026-04-15 Listed $159,900 BRIGHT MLS