146 Old Route 940 · Pocono Pines, PA 18347

$179,900

4 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 129 Days on market

Built 1950 0.45 ac lot ↓ 18% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Appreciation +4.3/10.0
• Schools +4.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

* * * Back on Market with Repairs made * * * Upgraded and with no HOA in Pocono Lake! Welcome to this 3-bedroom detached home that has been thoughtfully updated throughout. Improvements within the last three years include a new kitchen featuring modern cabinetry, countertops, a tile backsplash, and stainless steel appliances. Enjoy new vinyl flooring, fresh paint throughout, and new exterior doors and first-floor windows. Additional upgrades include a newer tankless water heater, and a brand-new covered back deck, all set on nearly half an acre of land.

Key facts

• New kitchen
• New exterior doors
• Modern cabinetry

Tags

• NEW KITCHEN
• MODERN CABINETRY
• TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• LUXURY VINYL PLANK FLOORING
• NEW EXTERIOR DOORS

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $738 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 4.1% in Pocono Pines — 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 74/100 on livability (#532 in PA, #4,925 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, crime A; Watch: health & safety D, amenities F, commute F.
• Pocono Mountain SD (rural): math 37% / reading 55% proficiency, ranked #245 of 539 in PA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 251 active listings in the ZIP; 278 units permitted in Monroe County in 2024 (52 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $1k of loan paydown is wiped out by about $3k 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.
• At projected returns (-1.5% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $40k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $158,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.42% ✓
• Cap rate: 11.22%
• Cash-on-cash: 17.59%
• DSCR: 1.78
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.47% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.59×
• Total profit: $29,739
• Equity at exit: $39,383

10-year hold

• IRR: 20.0%
• Equity multiple: 2.94×
• Total profit: $97,507
• Equity at exit: $38,002

Cash invested: $50,372 (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 18347

• Home prices YoY: -0.7%
• Active inventory: 251
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,549 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$257 /mo · $3,085/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $738

Break-even live

Break-even rent $1,615

Max offer price $179,900

Occupancy floor 66%

Sensitivity live

Price	-10% $840	-5% $789	+0% $738	+5% $687	+10% $637
Rent	-10% $537	-5% $638	+0% $738	+5% $839	+10% $940
Rate	-1.0pp $829	-0.5pp $784	base $738	+0.5pp $692	+1.0pp $644

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-04-28
   status Pending
2. 2026-04-11
   status Active
3. 2026-04-11
   price $179,900
4. 2026-04-02
   status Pending
5. 2026-03-23
   price $189,900
6. 2026-03-21
   price $199,700
7. 2026-03-10
   price $199,800
8. 2026-03-06
   status Active
9. 2026-03-06
   price $199,900
10. 2026-01-28
    status Pending
11. 2026-01-15
    price $204,800
12. 2026-01-10
    price $204,900
13. 2026-01-09
    price $209,800
14. 2026-01-05
    price $209,900
15. 2025-12-22
    price $214,800
16. 2025-12-15
    price $214,900
17. 2025-12-02
    price $219,600
18. 2025-11-19
    price $219,700
19. 2025-11-11
    price $219,800
20. 2025-11-04
    listed $219,900 Active

ⓘ 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: $3,085 · $257/mo
• Projected year-2 tax: $3,085 · $257/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 2/10 Low 7 d/yr ≥89°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $30,590
• − Mortgage interest: −$10,077
• − Property taxes: −$3,085
• − Insurance: −$900
• − Repairs & maintenance: −$2,447
• − Management: −$2,447
• − Depreciation: −$5,233
• Taxable income: $6,400
• Est. tax owed @ 24.0%: −$1,536
• After-tax cash flow: $7,324/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: Pocono Mountain SD
• NCES district ID: 4219500
• Math proficiency: 37% ▼ -5.00%
• Reading proficiency: 55% ▲ 1.00%
• Median HH income: $55,317
• Composite: 39.91/100
• National rank: #3856
• State rank: #245 of 539 in PA

Livability — Pocono Pines

• Score: 74/100
• State rank: #532
• US rank: #4925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pocono Pines, PA
• City population: 595
• Population (ZIP): 3,535

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: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 10% Black 2% Two or more races 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Romanian 16% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 3% French/Haitian/Cajun 1%

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: ▼ -1.47%
• Current HPI: 202.3693
• 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

-18.2% since first listed

20 events — show timeline

• 2026-04-28 Pending — PMAR
• 2026-04-11 Relisted — PMAR
• 2026-04-11 Price Changed $179,900 PMAR
• 2026-04-02 Pending — PMAR
• 2026-03-23 Price Changed $189,900 PMAR
• 2026-03-21 Price Changed $199,700 PMAR
• 2026-03-10 Price Changed $199,800 PMAR
• 2026-03-06 Relisted — PMAR
• 2026-03-06 Price Changed $199,900 PMAR
• 2026-01-28 Pending — PMAR
• 2026-01-15 Price Changed $204,800 PMAR
• 2026-01-10 Price Changed $204,900 PMAR
• 2026-01-09 Price Changed $209,800 PMAR
• 2026-01-05 Price Changed $209,900 PMAR
• 2025-12-22 Price Changed $214,800 PMAR
• 2025-12-15 Price Changed $214,900 PMAR
• 2025-12-02 Price Changed $219,600 PMAR
• 2025-11-19 Price Changed $219,700 PMAR
• 2025-11-11 Price Changed $219,800 PMAR
• 2025-11-04 Listed $219,900 PMAR

Property tax history

+3.3%/yr

Latest (2026): $3,085 · +3.3% YoY. Source: county tax records.