343 E Orange St · Shippensburg, PA 17257

$125,000

3 bd · 1.0 ba · 1,272 sqft · SingleFamily public records · 111 Days on market

Built 1900 1,742 sqft lot $98/sqft · 29% below area Est $175k · 29% under

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Why this score? — see what drove the B- 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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.7/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 1 bath Colonial would be perfect for investors or YOUR next home! This home features separate dining area, spacious kitchen, amble living room space, and a quiet shaded back yard. This downtown home is conveniently located near Shippensburg University and local amenities. This affordable property will not last long!!

Key facts

• Spacious kitchen
• Local amenities
• Separate dining area

Tags

• SEPARATE DINING AREA
• SPACIOUS KITCHEN
• QUIET SHADED BACK YARD
• LOCAL AMENITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.5% in Shippensburg — 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 70/100 on livability (#741 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A; Watch: employment D+, amenities F, commute F.
• Shippensburg Area SD (town): math 31% / reading 52% proficiency, ranked #335 of 539 in PA (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 161 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $864 of loan paydown is wiped out by about $4k 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 111 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $15k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $125k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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. 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: 1.17% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.53%
• DSCR: 1.42
• GRM: 7.1

CMA / ARV

• ARV (median comp): $175,341
• List price: $125,000
• Delta: -28.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 E Garfield St	0.14mi	3/1.5	1,334 (+5%)	2mo	$240,000	$180	82
305 Walnut St	0.19mi	3/1.5	1,248 (-2%)	10mo	$265,000	$212	78
461 E King St	0.21mi	3/1.5	1,309 (+3%)	11mo	$180,000	$138	74
112 E Burd St	0.37mi	2/2.0 (-1)	1,236 (-3%)	6mo	$175,000	$142	64
306 E King St	0.15mi	3/1.5	1,454 (+14%)	12mo	$151,500	$104	57
400 S Penn St	0.55mi	2/1.0 (-1)	1,364 (+7%)	3mo	$245,000	$180	55
253 Walnut St	0.23mi	3/2.0	1,432 (+13%)	13mo	$250,000	$175	54
107 N Penn St	0.41mi	3/1.5	1,352 (+6%)	22mo	$165,000	$122	50
134 Britton Rd	0.46mi	3/1.0	1,110 (-13%)	12mo	$158,000	$142	48
110 E Burd St	0.37mi	2/1.0 (-1)	1,142 (-10%)	17mo	$145,000	$127	47
14 W Burd St	0.57mi	4/3.0 (+1)	1,440 (+13%)	3mo	$189,900	$132	36
116 N Fayette St	0.73mi	4/2.0 (+1)	1,428 (+12%)	13mo	$225,000	$158	26

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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,529
• Equity at exit: $18,638

10-year hold

• IRR: 7.8%
• Equity multiple: 1.59×
• Total profit: $20,706
• Equity at exit: $10,808

Cash invested: $35,000 (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 17257

• Home prices YoY: -17.3%
• Active inventory: 161
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,461 high
• Mortgage (P&I): −$656
• Tax from tax record: −$169 /mo · $2,028/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $278

Break-even live

Break-even rent $1,110

Max offer price $125,000

Occupancy floor 76%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 E Neff St Shippensburg, PA	2.0	1.0	1400	$1,295	$0.93	21d	1	0.10mi
14 Kenneth Ave Shippensburg, PA	1.0–4.0	2.0	745	$1,630	$2.19	14d	1	0.33mi
9 E Burd St Unit 1 Shippensburg, PA	3.0	1.0	1400	$1,400	$1.00	43d	1	0.47mi
34 N Earl St Unit 2 Shippensburg, PA	3.0	1.0	1550	$1,350	$0.87	23d	1	0.51mi
735 E King St Shippensburg, PA	3.0	2.0	1664	$1,850	$1.11	43d	1	0.58mi
353 Farmington Dr Shippensburg, PA	3.0–4.0	2.0	1675	$1,900	$1.13	14d	1	0.72mi
307 N Fayette St Shippensburg, PA	3.0	1.0	1300	$1,795	$1.38	14d	1	0.84mi
1007 Hot Point Ave Shippensburg, PA	4.0	2.5	1654	$1,550	$0.94	43d	1	0.91mi
2 Morningstar Ln Unit The Villa Shippensburg, PA	4.0	2.0	1400	$1,500	$1.07	23d	1	0.96mi
2 Morningstar Ln Shippensburg, PA	4.0	2.0	1400	$1,500	$1.07	14d	1	1.01mi
100 Bard Dr Shippensburg, PA	2.0–4.0	1.0–2.5	1116	$1,522	$1.36	14d	6	1.04mi
100 Deerfield Ln Shippensburg, PA	3.0	2.0	1264	$1,595	$1.26	23d	1	1.35mi
206 Woodridge Dr Shippensburg, PA	3.0	2.5	1404	$2,000	$1.42	43d	1	1.35mi

Listing history 22 events

1. 2026-06-18
   days on market $125,000 Active 111 DOM
2. 2026-06-17
   days on market $125,000 Active 110 DOM
3. 2026-06-16
   days on market $125,000 Active 109 DOM
4. 2026-06-15
   days on market $125,000 Active 108 DOM
5. 2026-06-14
   days on market $125,000 Active 106 DOM
6. 2026-06-13
   days on market $125,000 Active 105 DOM
7. 2026-06-10
   days on market $125,000 Active 103 DOM
8. 2026-06-09
   days on market $125,000 Active 102 DOM
9. 2026-06-09
   statusdays on market $125,000 Active 101 DOM
10. 2026-05-01
    price $125,000 329-char remark

    Show marketing remark (329 chars)

    3 bedroom, 1 bath Colonial would be perfect for investors or YOUR next home! This home features separate dining area, spacious kitchen, amble living room space, and a quiet shaded back yard. This downtown home is conveniently located near Shippensburg University and local amenities. This affordable property will not last long!!

11. 2026-03-30
    price $135,000 329-char remark

    Show marketing remark (329 chars)

    3 bedroom, 1 bath Colonial would be perfect for investors or YOUR next home! This home features separate dining area, spacious kitchen, amble living room space, and a quiet shaded back yard. This downtown home is conveniently located near Shippensburg University and local amenities. This affordable property will not last long!!

12. 2026-02-10
    listed $140,000 Active 329-char remark

    Show marketing remark (329 chars)

    3 bedroom, 1 bath Colonial would be perfect for investors or YOUR next home! This home features separate dining area, spacious kitchen, amble living room space, and a quiet shaded back yard. This downtown home is conveniently located near Shippensburg University and local amenities. This affordable property will not last long!!

13. 2026-02-06
    historical $975
14. 2025-12-10
    listed $975
15. 2024-09-28
    historical $975
16. 2024-08-20
    listed $975
17. 2024-06-06
    status Pending
18. 2024-06-06
    historical
19. 2024-05-28
    listed $135,000 Active
20. 2023-10-03
    historical
21. 2023-07-11
    listed $125,000 Active
22. 2009-02-26
    soldstatus $70,000

ⓘ 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: $2,028 · $169/mo
• Projected year-2 tax: $2,028 · $169/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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 5/10 Major 7 d/yr ≥99°F today · 15 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: $17,536
• − Mortgage interest: −$7,002
• − Property taxes: −$2,028
• − Insurance: −$625
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − Depreciation: −$3,636
• Taxable income: $1,439
• Est. tax owed @ 24.0%: −$345
• After-tax cash flow: $2,989/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: Shippensburg Area SD
• NCES district ID: 4221570
• Math proficiency: 31% ▼ -21.00%
• Reading proficiency: 52% ▼ -14.00%
• Median HH income: $47,585
• Composite: 35.42/100
• National rank: #4938
• State rank: #335 of 539 in PA

Livability — Shippensburg

• Score: 70/100
• State rank: #741
• US rank: #7436

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shippensburg, PA
• County: Cumberland County · 257,673 people
• City population: 29,204
• Metro: Harrisburg-Carlisle, PA
• Population (ZIP): 29,204
• Household income: $71,181
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 855.0

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 (89%)
• Race & ethnicity: White 89% Black 4% Two or more races 3% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 2% Slovak 2% Serbian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 90% English-only · German/W. Germanic 5% Spanish 2% Other Indo-European 1%

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: ▼ -62.12%
• Current HPI: 297.1586
• Rent YoY: —
• 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

+78.6% since first listed

13 events — show timeline

• 2026-05-01 Price Changed $125,000 BRIGHT MLS
• 2026-03-30 Price Changed $135,000 BRIGHT MLS
• 2026-02-10 Listed $140,000 BRIGHT MLS
• 2026-02-06 Rental Removed $975 APPFOLIO
• 2025-12-10 Listed for Rent $975 APPFOLIO
• 2024-09-28 Rental Removed $975 APPFOLIO
• 2024-08-20 Listed for Rent $975 APPFOLIO
• 2024-06-06 Pending — BRIGHT MLS
• 2024-06-06 Listing Removed — BRIGHT MLS
• 2024-05-28 Listed $135,000 BRIGHT MLS
• 2023-10-03 Listing Removed — BRIGHT MLS
• 2023-07-11 Listed $125,000 BRIGHT MLS
• 2009-02-26 Sold (Public Records) $70,000 Public Records

Property tax history

+2.6%/yr

Latest (2026): $2,028 · +3.1% YoY. Source: county tax records.