1695 Windemere Ct Unit Emergency number 14 · Salem, PA 18436

$239,900

3 bd · 2.0 ba · 1,728 sqft · SingleFamily · 55 Days on market

Built 1989 Average condition 0.34 ac lot $139/sqft · 19% below area Est $297k · 19% under $194/mo HOA · 8% of rent ↓ 8% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +13.0/30.0
• Appreciation +10.0/10.0
• 1% rule +4.7/10.0
• Schools +4.4/10.0
• DSCR +3.9/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0

Listing remarks

Discover this fantastic raised ranch home nestled on a private cul-de-sac in amenity filled gated community The Hideout. This charming residence boasts three bedrooms and two bathrooms, complemented by an open floor plan and vaulted ceilings. Enjoy cozy evenings by the wood-burning fireplace in the family room, and make the most of the kitchen island and dining area for entertaining. You'll appreciate the privacy offered by the large wraparound deck, perfect for relaxing or hosting gatherings. The home also includes a convenient one-car garage. Plus, you'll have access to an array of amenities, including lakes, beaches, pools, a clubhouse with a restaurant and pub, a golf course, a ski hill

Key facts

• Raised ranch home
• Gated community
• Kitchen island

Tags

• RAISED RANCH HOME
• PRIVATE CUL-DE-SAC
• GATED COMMUNITY
• WOOD-BURNING FIREPLACE
• KITCHEN ISLAND
• LARGE WRAPAROUND DECK

Property features AI

Finance

• HOA & community: Homeowners association with annual fees; Community amenities include pool (outdoor, heated), clubhouse, fitness center, tennis and basketball courts, playground, park, marina, golf access, picnic area, game room, restaurant, dog park, beach access/rights, and fishing; Gated community

Exterior

• Parking: Driveway; Garage; Paved off-street parking
• Security: 24-hour security in gated community with guard
• Utilities: Public sewer
• Home design: Single-family house; Residential property
• Construction: Asphalt roof; Garage(s) on property
• Exterior features: Front porch, side porch and wrap-around porch; Cul-de-sac lot with a few trees; Access to Roamingwood Lake; Paved road frontage

Interior

• Kitchen: Dishwasher; Free-standing refrigerator; Electric range; Electric oven
• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Fireplace insert and wood stove; Ceiling fans; Window air conditioning units
• Interior features: Ceiling fans; Kitchen island; High ceilings; Finished walk-out basement; Laundry closet on lower level; Family room with wood-burning fireplace insert
• Laundry & utility: Laundry closet (lower level)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $-12 ($-143/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (2.9% below list).
• Recommended offer: $233k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — 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 $26k of equity ($2k loan paydown + $24k 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.

Recommended offer $232,703 (3.0% 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. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.97% ✗
• Cap rate: 6.23%
• Cash-on-cash: -0.21%
• DSCR: 0.99
• GRM: 8.6

CMA / ARV

• ARV (median comp): $296,696
• List price: $239,900
• Delta: -19.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
155 Windemere Ln	0.24mi	3/2.5	1,836 (+6%)	9mo	$270,000	$147	69
730 Lakeview Dr E	0.21mi	3/2.0	1,582 (-8%)	18mo	$720,500	$455	61
145 Lakeview Dr W	0.63mi	3/2.0	1,806 (+4%)	4mo	$310,000	$172	60
582 Lakeview Dr W	0.61mi	3/3.0	1,692 (-2%)	9mo	$275,000	$163	57
42 Roamingwood Rd Lot 2007	0.55mi	3/2.5	1,658 (-4%)	15mo	$310,000	$187	53
445 Lakewood Dr	0.68mi	3/1.5	1,512 (-12%)	1mo	$250,000	$165	44
24 Lakewood Dr	0.69mi	4/2.0 (+1)	1,900 (+10%)	5mo	$240,000	$126	42
470 Oakwood Ct	0.65mi	4/2.0 (+1)	1,536 (-11%)	8mo	$290,000	$189	40
1200 Lakeview Dr W	0.72mi	4/2.0 (+1)	1,802 (+4%)	23mo	$615,000	$341	35
1974 Lakeview Dr E	0.67mi	3/3.0	1,844 (+7%)	23mo	$315,000	$171	35
13 Lakewood Ct Lot 396	0.75mi	3/2.0	1,928 (+12%)	14mo	$292,500	$152	34

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: 24.2%
• Equity multiple: 2.94×
• Total profit: $130,052
• Equity at exit: $216,121

10-year hold

• IRR: 21.4%
• Equity multiple: 6.71×
• Total profit: $383,886
• Equity at exit: $466,073

Cash invested: $67,172 (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: 8.6×

Monthly cashflow live

• Estimated rent: $2,329 medium
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• HOA: −$194
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $-12

Break-even live

Break-even rent $2,344

Max offer price $238,178

Occupancy floor 96%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $194 · $2,328/yr
• Likely covers: poolsecurity

Listing history 18 events

1. 2026-06-18
   days on market $239,900 Active 55 DOM
2. 2026-06-17
   days on market $239,900 Active 54 DOM
3. 2026-06-16
   days on market $239,900 Active 53 DOM
4. 2026-06-15
   days on market $239,900 Active 52 DOM
5. 2026-06-14
   days on market $239,900 Active 50 DOM
6. 2026-06-13
   pricedays on market $239,900 Active 49 DOM
7. 2026-06-10
   days on market $244,900 Active 47 DOM
8. 2026-06-09
   days on market $244,900 Active 46 DOM
9. 2026-06-08
   days on market $244,900 Active 45 DOM
10. 2026-06-07
    days on market $244,900 Active 44 DOM
11. 2026-06-03
    days on market $244,900 Active 40 DOM
12. 2026-06-02
    days on market $244,900 Active 39 DOM
13. 2026-06-01
    days on market $244,900 Active 38 DOM
14. 2026-05-31
    price $244,900 Active 37 DOM
15. 2026-05-31
    days on market $249,900 Active 37 DOM
16. 2026-05-30
    days on market $249,900 Active 36 DOM
17. 2026-05-14
    price $257,000 1058-char remark
18. 2026-04-24
    listed $259,900 Active 1058-char remark

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

Taxation est. · year 1

• Rental income: $27,949
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,236
• − Management: −$2,236
• − HOA: −$2,328
• − Depreciation: −$6,979
• Taxable loss: −$4,066
• Est. tax savings @ 24.0%: +$976
• After-tax cash flow: $833/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 · 30 photos

Average 55/100 Moderate rehab

This home requires moderate repairs and maintenance to improve its condition and value. Upgrades to the interior and exterior can significantly enhance its appeal and marketability.

Repairs flagged

• Minor Kitchen cabinets — Aesthetic upgrade needed.
• Minor Bathroom cleaning — Cleanliness enhances appearance.
• Moderate Exterior siding — Weathered appearance needs repair.
• Moderate Flooring — Worn appearance needs replacement or refinishing.
• Moderate Interior paint — Faded appearance needs fresh coat.
• Moderate Landscaping — Needs trimming and additional plants for curb appeal.

Value-add opportunities

• Both Paint interior walls and trim — Fresh paint enhances appearance and value.
• Both Replace worn flooring — New flooring improves comfort and value.
• Both Replace kitchen cabinets — Modern cabinets increase appeal and value.
• Both Landscaping upgrade — Enhanced landscaping improves curb appeal and value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Aesthetic upgrade needed.	Minor	$500–3,000
Bathroom cleaning · Cleanliness enhances appearance.	Minor	$500–3,000
Exterior siding · Weathered appearance needs repair.	Moderate	$3,000–15,000
Flooring · Worn appearance needs replacement or refinishing.	Moderate	$3,000–15,000
Interior paint · Faded appearance needs fresh coat.	Moderate	$3,000–15,000
Landscaping · Needs trimming and additional plants for curb appeal.	Moderate	$3,000–15,000
Total estimated repair cost · 6 items		$13,000–66,000

Value-add ROI direction

• Both Paint interior walls and trim — Fresh paint enhances appearance and value. ↑
• Both Replace worn flooring — New flooring improves comfort and value. ↑
• Both Replace kitchen cabinets — Modern cabinets increase appeal and value. ↑
• Both Landscaping upgrade — Enhanced landscaping improves curb appeal and value. ↑

ⓘ 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: 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

-7.7% since first listed

5 events — show timeline

• 2026-06-10 Price Changed $239,900 PWMLS
• 2026-05-31 Price Changed $244,900 PWMLS
• 2026-05-23 Price Changed $249,900 PWMLS
• 2026-05-14 Price Changed $257,000 PWMLS
• 2026-04-24 Listed $259,900 PWMLS