The deteriorated rubber flashing gasket will not seal out water and needs replacement. This small roof detail resulted in attic leakage and damage to the insulation and ceiling materials in the living space. This roof defect is commonly missed by bargain inspection services. Damaged plumbing vent pipe flashings and other roof defects are routinely disclosed as inaccessible by inspectors more interested in a short inspection, and meeting their next appointment, than doing a thorough job. Don’t be fooled by bargain inspection services. You will not get the service you think you are purchasing.