2504 & 2503 Wagon Wheel Dr · Wayne, PA 17922

$339,900

3 bd · 2.5 ba · 1,587 sqft · SingleFamily public records · 72 Days on market

Built 1994 0.70 ac lot $214/sqft · 7% above area Est $319k · 6% over $160/mo HOA · 5% 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).

• Cash flow +14.2/30.0
• ARV discount +4.6/15.0
• Schools +4.6/10.0
• 1% rule +4.4/10.0
• DSCR +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful home in the sought-after Lake Wynonah community, perfectly situated on a private lot—plus an additional adjacent lot offering an extra 0.3 acres for added space and privacy. Inside, you’ll find a warm and inviting interior featuring both a spacious living room and family room with hardwood floors, along with durable tile flooring throughout key areas. A dedicated office space provides the perfect setup for working from home or managing day-to-day tasks. Stay cozy during the colder months with a Harman coal stove, adding both efficiency and charm to the home. A spacious 2-car garage adds everyday convenience. Step outside to a large screened-in patio—perfect for entertaining, summer BBQs, or simply relaxing and enjoying peaceful evenings with family and friends. This gated community offers a wide range of amenities, including a lodge with dining, bar, and gathering/library space, boating, and fishing. Enjoy tennis and pickleball courts, a community pool, parks, pavilions, scenic hiking trails, a marina with beautiful docks, and abundant natural wildlife. Enjoy a vibrant community conveniently located less than an hour to Allentown, Harrisburg, Hershey, and Reading—and just 1.5 hours to Philadelphia. Schedule your private showing today! * Please call the Lake Wynonah Business Office for updates on the "big lake"/Lake Wynonah Dam rehabilitation project and probable future assessment. * SELLER IS WILLING TO OFFER 15K BUYER CREDIT FOR PROBABLE LAKE WYNONAH DAM REHABILITATION ASSESSMENT.

Key facts

• 0.7 acre lot
• 2 garage spots
• Community pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $59 ($704/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 $320k (5.9% below list).
• Recommended offer: $320k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 0.4% in Wayne — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Blue Mountain SD (town): math 42% / reading 65% proficiency, ranked #126 of 539 in PA (top 23%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Blue Mountain El East Sch (math 44% / reading 68%, grade C+, #489 of 1,518 statewide, top 32%, 616 students, 33% FRL); Blue Mountain Ms (math 25% / reading 60%, grade D-, #216 of 512 statewide, top 43%, 575 students, 34% FRL); Blue Mountain Hs (math 62%, 803 students, 29% FRL).
• Market conditions: 54 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 169 units permitted in Schuylkill County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Schuylkill County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($320k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $198k; list at $340k implies a 72% gain — meaningful room to come down on a strong offer.

Recommended offer $319,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 0.94% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.74%
• DSCR: 1.03
• GRM: 8.9

CMA / ARV

• ARV (median comp): $319,476
• List price: $339,900
• Delta: 6.39%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1039 Summer Hill Rd	0.25mi	3/2.5	1,552 (-2%)	1mo	$388,000	$250	84
2528 Papoose Dr	0.06mi	3/2.0	1,544 (-3%)	9mo	$329,000	$213	83
776 Cheyenne Dr	0.21mi	3/2.0	1,604 (+1%)	8mo	$390,000	$243	80
2591 Wagon Wheel Dr	0.25mi	3/2.0	1,604 (+1%)	9mo	$388,000	$242	77
311 Sioux Dr	0.39mi	3/2.5	1,515 (-4%)	1mo	$325,000	$215	73
2421 Running Bear Cv	0.42mi	3/2.0	1,604 (+1%)	12mo	$390,000	$243	67
738 Cheyenne Cv	0.39mi	3/2.0	1,560 (-2%)	14mo	$337,500	$216	65
595 Wynonah Dr	0.43mi	3/2.0	1,652 (+4%)	8mo	$535,000	$324	64
25 Kiowa Cv	0.49mi	3/2.0	1,620 (+2%)	12mo	$349,950	$216	62
1187 Custer Dr	0.69mi	3/2.0	1,584 (-0%)	10mo	$319,900	$202	58
942 Summer Hl	0.66mi	3/2.0	1,604 (+1%)	13mo	$410,000	$256	54
2561 W Wagonwheel Dr	0.30mi	4/2.0 (+1)	1,825 (+15%)	12mo	$281,000	$154	44

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: -15.1%
• Equity multiple: 0.46×
• Total profit: $-51,222
• Equity at exit: $50,680

10-year hold

• IRR: -6.4%
• Equity multiple: 0.59×
• Total profit: $-39,298
• Equity at exit: $29,388

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 17922

• Home prices YoY: -33.6%
• Active inventory: 54
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,200 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$385 /mo · $4,623/yr
• Insurance: −$142
• HOA: −$160
• Vacancy / Maint / Mgmt: −$672
• Net cashflow: $59

Break-even live

Break-even rent $3,126

Max offer price $339,900

Occupancy floor 93%

Sensitivity live

Price	-10% $251	-5% $155	+0% $59	+5% $-38	+10% $-134
Rent	-10% $-194	-5% $-68	+0% $59	+5% $185	+10% $311
Rate	-1.0pp $230	-0.5pp $145	base $59	+0.5pp $-29	+1.0pp $-119

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: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1342 Stag Dr Auburn, PA	3.0	2.5	1500	$3,200	$2.13	45d	1	0.70mi

HOA detail

• Monthly dues: $160 · $1,920/yr
• Likely covers: poolsecurity

Listing history 21 events

1. 2026-06-21
   days on market $339,900 Active 72 DOM
2. 2026-06-19
   days on market $339,900 Active 70 DOM
3. 2026-06-18
   days on market $339,900 Active 69 DOM
4. 2026-06-17
   days on market $339,900 Active 68 DOM
5. 2026-06-16
   days on market $339,900 Active 67 DOM
6. 2026-06-15
   days on market $339,900 Active 66 DOM
7. 2026-06-14
   days on market $339,900 Active 64 DOM
8. 2026-06-12
   days on market $339,900 Active 63 DOM
9. 2026-06-09
   days on market $339,900 Active 60 DOM
10. 2026-06-08
    days on market $339,900 Active 59 DOM
11. 2026-06-07
    days on market $339,900 Active 58 DOM
12. 2026-06-07
    days on market $339,900 Active 57 DOM
13. 2026-06-04
    days on market $339,900 Active 54 DOM
14. 2026-06-02
    days on market $339,900 Active 53 DOM
15. 2026-06-01
    days on market $339,900 Active 52 DOM
16. 2026-05-31
    days on market $339,900 Active 51 DOM
17. 2026-05-31
    days on market $339,900 Active 50 DOM
18. 2026-04-11
    listed $339,900 Active 1570-char remark

    Show marketing remark (1570 chars)

    Welcome to this beautiful home in the sought-after Lake Wynonah community, perfectly situated on a private lot—plus an additional adjacent lot offering an extra 0.3 acres for added space and privacy. Inside, you’ll find a warm and inviting interior featuring both a spacious living room and family room with hardwood floors, along with durable tile flooring throughout key areas. A dedicated office space provides the perfect setup for working from home or managing day-to-day tasks. Stay cozy during the colder months with a Harman coal stove, adding both efficiency and charm to the home. A spacious 2-car garage adds everyday convenience. Step outside to a large screened-in patio—perfect for entertaining, summer BBQs, or simply relaxing and enjoying peaceful evenings with family and friends. This gated community offers a wide range of amenities, including a lodge with dining, bar, and gathering/library space, boating, and fishing. Enjoy tennis and pickleball courts, a community pool, parks, pavilions, scenic hiking trails, a marina with beautiful docks, and abundant natural wildlife. Enjoy a vibrant community conveniently located less than an hour to Allentown, Harrisburg, Hershey, and Reading—and just 1.5 hours to Philadelphia. Schedule your private showing today! * Please call the Lake Wynonah Business Office for updates on the "big lake"/Lake Wynonah Dam rehabilitation project and probable future assessment. * SELLER IS WILLING TO OFFER 15K BUYER CREDIT FOR PROBABLE LAKE WYNONAH DAM REHABILITATION ASSESSMENT.

19. 2026-04-08
    historical $339,900 1570-char remark

    Show marketing remark (1570 chars)

    Welcome to this beautiful home in the sought-after Lake Wynonah community, perfectly situated on a private lot—plus an additional adjacent lot offering an extra 0.3 acres for added space and privacy. Inside, you’ll find a warm and inviting interior featuring both a spacious living room and family room with hardwood floors, along with durable tile flooring throughout key areas. A dedicated office space provides the perfect setup for working from home or managing day-to-day tasks. Stay cozy during the colder months with a Harman coal stove, adding both efficiency and charm to the home. A spacious 2-car garage adds everyday convenience. Step outside to a large screened-in patio—perfect for entertaining, summer BBQs, or simply relaxing and enjoying peaceful evenings with family and friends. This gated community offers a wide range of amenities, including a lodge with dining, bar, and gathering/library space, boating, and fishing. Enjoy tennis and pickleball courts, a community pool, parks, pavilions, scenic hiking trails, a marina with beautiful docks, and abundant natural wildlife. Enjoy a vibrant community conveniently located less than an hour to Allentown, Harrisburg, Hershey, and Reading—and just 1.5 hours to Philadelphia. Schedule your private showing today! * Please call the Lake Wynonah Business Office for updates on the "big lake"/Lake Wynonah Dam rehabilitation project and probable future assessment. * SELLER IS WILLING TO OFFER 15K BUYER CREDIT FOR PROBABLE LAKE WYNONAH DAM REHABILITATION ASSESSMENT.

20. 2005-05-23
    soldstatus $198,000
21. 1994-05-20
    soldstatus $14,900

ⓘ 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: $4,623 · $385/mo
• Projected year-2 tax: $4,997 · $416/mo
• Expected delta: +$374/yr (+$31/mo · 8.1%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $38,400
• − Mortgage interest: −$19,040
• − Property taxes: −$4,623
• − Insurance: −$1,700
• − Repairs & maintenance: −$3,072
• − Management: −$3,072
• − HOA: −$1,920
• − Depreciation: −$9,888
• Taxable loss: −$4,914
• Est. tax savings @ 24.0%: +$1,179
• After-tax cash flow: $1,883/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: Blue Mountain SD
• NCES district ID: 4203870
• Math proficiency: 42% ▼ -9.00%
• Reading proficiency: 65% ▼ -7.00%
• Median HH income: $58,661
• Composite: 46.42/100
• National rank: #2454
• State rank: #126 of 539 in PA

Livability — Wayne

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

Census & demographics

• Census place: Lake Wynonah, PA
• City population: 33,528
• Population (ZIP): 5,249

Population outlook (Schuylkill County) Hauer SSP2

• Today (2025): 137,447 people
• By 2030: 133,121 · -3.1%
• By 2040: 124,172 · -9.7%
• By 2050: 115,611 · -15.9%
• By 2075: 100,796 · -26.7%
• By 2100: 86,667 · -36.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 8% Iranian 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Schuylkill

• 2024 margin: Solid R (+42.1) · D 28.5% · R 70.6%
• 2008→2024 swing: -33.4pp toward R · 2008: -8.7pp · 2024: -42.1pp
• All cycles: 2024: R+42.1 2020: R+39.9 2016: R+43.4 2012: R+13.4 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.58%
• Current HPI: 179.3334
• 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

+2181.2% since first listed

4 events — show timeline

• 2026-04-11 Listed $339,900 BRIGHT MLS
• 2026-04-08 Coming Soon $339,900 BRIGHT MLS
• 2005-05-23 Sold (Public Records) $198,000 Public Records
• 1994-05-20 Sold (Public Records) $14,900 Public Records

Property tax history

+2.0%/yr

Latest (2025): $4,623 · +8.0% YoY. Source: county tax records.