867 Underwood Rd W · Saw Creek, PA 18302

$225,000

2 bd · 1.0 ba · 1,252 sqft · SingleFamily public records · 10 Days on market

Built 1964 10,019 sqft lot Est $263k · 14% under $73/mo HOA · 3% of rent

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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 +25.3/30.0
• ARV discount +14.0/15.0
• DSCR +8.3/10.0
• 1% rule +7.2/10.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

'Property is under contract and can accept back up offers at this time' Fall in LOVE in this CHARMING RANCH with PRIVATE SETTING in the woods. Enjoy summer days on a back deck entertaining friends or cuddling up by the fireplace on a snow day. This house offers tons of Natural light, Vaulted ceiling, custom kitchen and bathrooms. Close to Rt 80, shopping, Mt. Airy Casino, minutes away from water parks: Kalahari Resort, Camelbeach, Aquatopia, Camelback Skiing resort, state parks, water sports, hiking, fishing, hunting and some much more.

Key facts

• Custom kitchen
• Custom bathrooms
• Vaulted ceiling

Tags

• PRIVATE SETTING
• BACK DECK
• NATURAL LIGHT
• VAULTED CEILING
• CUSTOM KITCHEN
• CUSTOM BATHROOMS

Property features AI

Finance

• HOA & community: Association fee $880 annually

Exterior

• Parking: Attached garage (1 car)
• Utilities: Well water; Septic tank
• Home design: Single-story home; Vinyl siding; Asphalt/fiberglass roof; Above-grade finished area approx. 1,252
• Construction: Vinyl siding construction; Asphalt/fiberglass roof; Built year: unknown; Crawl space foundation
• Exterior features: Deck; Lot approximately 0.23 acres (public records)

Interior

• Kitchen: Electric oven and electric range; Dishwasher; Refrigerator
• Bedrooms: Three first-floor bedrooms (approx. 11.3 x 10.9; 13.3 x 12.2; 12.6 x 8.5)
• Flooring: Laminate; Resilient; Tile
• Bathrooms: One full bathroom (first floor, approx. 8.5 x 5.0); One half bathroom (first floor, approx. 5.1 x 3.0)
• Heating & cooling: Electric baseboard heating
• Interior features: Dining area; Wood-burning fireplace in the living room; Crawl space
• Laundry & utility: First-floor laundry (approx. 5.1 x 3.7); Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 9.0% vs local median 4.3% in Saw Creek — 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 59/100 on livability (#1,538 in PA) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, health & safety D, schools F.
• East Stroudsburg Area SD (rural): math 25% / reading 43% proficiency, ranked #413 of 539 in PA (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 271 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 278 units permitted in Monroe County in 2024 (52 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 $7k of value loss. Plan a longer hold.
• Monroe County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 12y 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 $14k; list at $225k implies a 1452% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,000

Questions for the listing agent

1. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.22% ✓
• Cap rate: 9.01%
• Cash-on-cash: 9.71%
• DSCR: 1.43
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $262,920
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6203 W Lakeshore Dr	0.38mi	2/2.0	1,208 (-4%)	8mo	$300,000	$248	66
6155 W Lakeshore Dr	0.33mi	3/1.0 (+1)	1,249 (-0%)	18mo	$275,199	$220	64
418 Leander Rd	0.45mi	3/2.0 (+1)	1,196 (-4%)	9mo	$238,000	$199	55
1221 Alder Rd	0.29mi	3/2.0 (+1)	1,382 (+10%)	12mo	$222,000	$161	50
117 Morris Rd	0.40mi	3/2.0 (+1)	1,155 (-8%)	16mo	$242,000	$210	46
6228 Birch Road Rd	0.61mi	3/2.0 (+1)	1,300 (+4%)	18mo	$229,000	$176	42

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: -1.6%
• Equity multiple: 0.94×
• Total profit: $-3,892
• Equity at exit: $33,548

10-year hold

• IRR: 8.1%
• Equity multiple: 1.62×
• Total profit: $38,845
• Equity at exit: $19,454

Cash invested: $63,000 (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 18302

• Home prices YoY: -20.6%
• Active inventory: 271
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,750 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$316 /mo · $3,794/yr
• Insurance: −$94
• HOA: −$73
• Vacancy / Maint / Mgmt: −$578
• Net cashflow: $510

Break-even live

Break-even rent $2,105

Max offer price $225,000

Occupancy floor 76%

Sensitivity live

Price	-10% $637	-5% $573	+0% $510	+5% $446	+10% $382
Rent	-10% $292	-5% $401	+0% $510	+5% $618	+10% $727
Rate	-1.0pp $623	-0.5pp $567	base $510	+0.5pp $451	+1.0pp $392

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6281 Lakeshore Dr E East Stroudsburg, PA	3.0	2.5	1450	$2,750	$1.90	44d	1	0.66mi

HOA detail

• Monthly dues: $73 · $876/yr
• Likely covers: water

Listing history 9 events

1. 2026-04-30
   status Pending
2. 2026-04-20
   listed $225,000 Active 542-char remark

   Show marketing remark (542 chars)

   'Property is under contract and can accept back up offers at this time' Fall in LOVE in this CHARMING RANCH with PRIVATE SETTING in the woods. Enjoy summer days on a back deck entertaining friends or cuddling up by the fireplace on a snow day. This house offers tons of Natural light, Vaulted ceiling, custom kitchen and bathrooms. Close to Rt 80, shopping, Mt. Airy Casino, minutes away from water parks: Kalahari Resort, Camelbeach, Aquatopia, Camelback Skiing resort, state parks, water sports, hiking, fishing, hunting and some much more.

3. 2026-04-19
   listed $225,000 Active
4. 2026-04-18
   historical $1,800
5. 2026-04-15
   listed $1,800
6. 2026-03-18
   historical $2,200
7. 2025-11-19
   listed $2,200
8. 2015-04-27
   soldstatus $14,500 225-char remark

   Show marketing remark (225 chars)

   PROPERTY IS UNDER AUCTION TERMS NOW!! INVESTORS ALERT!! Major work needed. 2 bedrooms, 1 bath cabin. Fixtures in bathroom are gone. All copper and heating pipes and furnace missing. Cash buyers only. Visual inspection only!!

9. 2014-12-11
   listed $12,700 225-char remark

   Show marketing remark (225 chars)

   PROPERTY IS UNDER AUCTION TERMS NOW!! INVESTORS ALERT!! Major work needed. 2 bedrooms, 1 bath cabin. Fixtures in bathroom are gone. All copper and heating pipes and furnace missing. Cash buyers only. Visual inspection only!!

ⓘ 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: $3,794 · $316/mo
• Projected year-2 tax: $3,794 · $316/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 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥93°F today · 14 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% 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: $33,000
• − Mortgage interest: −$12,603
• − Property taxes: −$3,794
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,640
• − Management: −$2,640
• − HOA: −$876
• − Depreciation: −$6,545
• Taxable income: $2,776
• Est. tax owed @ 24.0%: −$666
• After-tax cash flow: $5,450/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: East Stroudsburg Area SD
• NCES district ID: 4208670
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 43% ▼ -18.00%
• Median HH income: $57,142
• Composite: 30.13/100
• National rank: #6332
• State rank: #413 of 539 in PA

Livability — Saw Creek

• Score: 59/100
• State rank: #1538
• US rank: #20241

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 17,593

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 164,099 people
• By 2030: 161,412 · -1.6%
• By 2040: 154,616 · -5.8%
• By 2050: 146,710 · -10.6%
• By 2075: 140,830 · -14.2%
• By 2100: 138,472 · -15.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 53% Hispanic / Latino 24% Black 17% Two or more races 12% Asian 2%
• Hispanic origin (detail): Puerto Rican 8% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica
• Languages at home: 79% English-only · Spanish 13% Other Indo-European 2% French/Haitian/Cajun 2%

Political lean MEDSL · Monroe

• 2024 margin: Toss-up / Even · D 49.1% · R 49.9%
• 2008→2024 swing: -17.1pp toward R · 2008: 16.3pp · 2024: -0.8pp
• All cycles: 2024: R+0.8 2020: D+6.4 2016: D+0.3 2012: D+14.0 2008: D+16.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.00%
• Current HPI: 157.9833
• 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

+1671.7% since first listed

9 events — show timeline

• 2026-04-30 Pending — GLVRMLS
• 2026-04-20 Listed $225,000 PMAR
• 2026-04-19 Listed $225,000 GLVRMLS
• 2026-04-18 Rental Removed $1,800 PMAR
• 2026-04-15 Listed for Rent $1,800 PMAR
• 2026-03-18 Rental Removed $2,200 PMAR
• 2025-11-19 Listed for Rent $2,200 PMAR
• 2015-04-27 Sold (MLS) $14,500 PMAR
• 2014-12-11 Listed $12,700 PMAR

Property tax history

+3.6%/yr

Latest (2026): $3,794 · +1.6% YoY. Source: county tax records.