70 Underwood Ln · Salem, PA 18436

$339,900

3 bd · 2.0 ba · 2,160 sqft · SingleFamily public records · 13 Days on market

Built 1986 0.37 ac lot Est $313k · 9% over $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
• Cash flow +6.8/30.0
• Schools +4.4/10.0
• ARV discount +3.7/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.1/10.0

Listing remarks MLS

Beautiful contemporary home located in a four season amenity filled community in The Northern Poconos, just two hours from the NYC and Philadelphia Areas. This salt-box style home has three finished levels. The main level has an open floor plan, high ceilings, brick fireplace, laminate flooring, updated bathroom. There's a bedroom on each level too. The 2nd level has a loft overlooking the living room, a bedroom and full bath. The finished lower level has a family room, 3rd bedroom with half bath and laundry room. Flooring in lower level needs to be finished. Beautiful Screened in Porch! Storage shed below. , Beds Description: Primary1st, Beds Description: 2+BED 2nd, Beds Description: 1BedLL, Baths: 1 Bath Level 1, Baths: 1 Bath Level 2, Baths: 1/2 Bath Lev L, Eating Area: Dining Area, Beds Description: 1Bed1st

Key facts

• Four season sunroom
• Knotty pine ceilings
• Included hot tub

Tags

• PRIVATE WOODED BACKYARD
• NEW FRONT DECK
• FOUR SEASON SUNROOM
• KNOTTY PINE CEILINGS
• LARGE RECREATION ROOM
• INCLUDED HOT TUB

Property features AI

Finance

• HOA & community: Homeowners association with annual fee (association provides security and trash services); Community amenities include clubhouse, pool, tennis courts, fitness center, playground, park, golf, lake, fishing, trails, barbecue and various recreation facilities

Exterior

• Parking: Driveway (unpaved); On-site/off-street parking
• Security: Gated community with security gate and security service
• Utilities: Public water and public sewer; 200+ amp electric service; Propane available; Cable, phone and electricity connected
• Home design: Single-family house; Two levels; Located on Roamingwood Lake (lake access); Subdivision: The Hideout; Private road frontage with private road maintenance agreement; Paved road access
• Construction: Asphalt roof; Workshop on property
• Exterior features: Fire pit; Deck; Patio (screened); Porch; Community pool

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric range/oven
• Bedrooms: Total of 7 rooms (bedroom count not specified)
• Flooring: Carpet; Tile; Hardwood
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Baseboard heating; Electric and propane heating; Fireplace(s); Ceiling fans; Wall/window air conditioning units
• Interior features: Ceiling fans; Walk-in closet(s); Finished full basement with walk-out access; Fireplace in living room and family room (masonry, propane)
• Laundry & utility: Washer and dryer included; Laundry room on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $-525 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (27.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (30.9% below list).
• Recommended offer: $235k (30.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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: 337 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 $36k of equity ($2k loan paydown + $34k 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 ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 5y 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 $270k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $234,869 (30.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.69% ✗
• Cap rate: 4.44%
• Cash-on-cash: -6.62%
• DSCR: 0.71
• GRM: 12.1

CMA / ARV

• ARV (on-the-fly): $313,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
378 Lakewood Dr	0.15mi	3/3.0	2,130 (-1%)	2mo	$143,000	$67	85
53 Cedarwood Ter	0.24mi	3/3.0	2,046 (-5%)	0mo	$380,000	$186	76
73 Cedarwood Ter	0.31mi	4/2.0 (+1)	2,182 (+1%)	9mo	$305,000	$140	71
67 Cedarwood Ter	0.29mi	3/2.5	2,064 (-4%)	10mo	$299,000	$145	69
222 Parkwood Dr	0.26mi	4/2.0 (+1)	2,238 (+4%)	15mo	$380,000	$170	64
24 Lakewood Dr	0.18mi	4/2.0 (+1)	1,900 (-12%)	5mo	$240,000	$126	63
152 Lakeview Dr W	0.34mi	3/2.5	2,055 (-5%)	14mo	$364,000	$177	63
75 Cedarwood Ter	0.32mi	4/3.0 (+1)	2,146 (-1%)	15mo	$339,900	$158	63
13 Lakewood Ct Lot 396	0.19mi	3/2.0	1,928 (-11%)	14mo	$292,500	$152	62
72 Lakeview Dr	0.18mi	3/2.0	2,475 (+15%)	8mo	$350,000	$141	60
84 Ridgewood Cir	0.53mi	3/3.0	2,383 (+10%)	5mo	$295,000	$124	50
55 Oak Cir	0.56mi	4/3.0 (+1)	2,236 (+4%)	12mo	$285,000	$127	49

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: 19.6%
• Equity multiple: 2.59×
• Total profit: $151,721
• Equity at exit: $306,209

10-year hold

• IRR: 18.0%
• Equity multiple: 5.97×
• Total profit: $473,210
• Equity at exit: $660,351

Cash invested: $95,172 (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: 337
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,349 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$263 /mo · $3,151/yr
• Insurance: −$142
• HOA: −$194
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $-525

Break-even live

Break-even rent $3,014

Max offer price $247,115

Occupancy floor —

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: $84,975
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $194 · $2,328/yr

Listing history 11 events

1. 2026-06-18
   days on market $339,900 Active 13 DOM
2. 2026-06-17
   days on market $339,900 Active 12 DOM
3. 2026-06-16
   days on market $339,900 Active 11 DOM
4. 2026-06-15
   days on market $339,900 Active 10 DOM
5. 2026-06-14
   days on market $339,900 Active 8 DOM
6. 2026-06-13
   days on market $339,900 Active 7 DOM
7. 2026-06-10
   days on market $339,900 Active 5 DOM
8. 2026-06-09
   days on market $339,900 Active 4 DOM
9. 2026-06-08
   days on market $339,900 Active 3 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $339,900 Active 2 DOM

ⓘ 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: $3,151 · $263/mo
• Projected year-2 tax: $4,261 · $355/mo
• Expected delta: +$1,110/yr (+$92/mo · 35.2%)

ⓘ 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 2/10 Low 7 d/yr ≥91°F today · 16 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: $28,184
• − Mortgage interest: −$19,040
• − Property taxes: −$3,151
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,255
• − Management: −$2,255
• − HOA: −$2,328
• − Depreciation: −$9,888
• Taxable loss: −$12,432
• Est. tax savings @ 24.0%: +$2,984
• After-tax cash flow: $-3,319/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 — Salem

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

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

+190.5% since first listed

16 events — show timeline

• 2026-06-05 Listed $339,900 PWMLS
• 2025-05-18 Relisted — PWMLS
• 2025-05-02 Pending — PWMLS
• 2025-04-25 Relisted — PWMLS
• 2025-02-10 Price Changed $349,000 PWMLS
• 2025-01-08 Price Changed $359,000 PWMLS
• 2024-07-23 Listed $365,000 PWMLS
• 2022-02-14 Sold (Public Records) $270,000 Public Records
• 2022-02-10 Sold (MLS) — PWMLS
• 2022-02-10 Sold (MLS) $270,000 PWMLS
• 2021-12-11 Listed $259,900 PWMLS
• 2021-12-11 Listed $259,900 PWMLS
• 2019-01-14 Sold (Public Records) $140,000 Public Records
• 2005-08-29 Sold (Public Records) $139,000 Public Records
• 2004-09-08 Sold (Public Records) $139,000 Public Records
• 1989-10-17 Sold (Public Records) $117,000 Public Records

Property tax history

+1.4%/yr

Latest (2026): $3,151 · +3.1% YoY. Source: county tax records.