114 Ridgeview Dr Unit 1621 Ridgeview Drive · Lake, PA 18436

$232,500

3 bd · 1.0 ba · 1,028 sqft · SingleFamily · 10 Days on market

Built 1984 Good condition 0.48 ac lot Est $206k · 13% over $194/mo HOA · 7% 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 +24.8/30.0
• Appreciation +10.0/10.0
• DSCR +8.0/10.0
• 1% rule +7.5/10.0
• Schools +4.4/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• ARV discount +1.6/15.0

Listing remarks

This is a GEM! Here is the perfect Chalet home in the amenity filled community, The Hideout. This home is move in ready with 3 bedrooms, 1 bath, 1 car garage with extra storage space and a great lawn! Upstairs has a loft that provides great space for an office or extra living space. The home is cozy with a propane fireplace and beautiful hardwood floors. You have a great sized deck on the front to enjoy along with a lot of parking space for all your needs. The Hideout is a 4 season community, Beds Description: 1 BED 2nd, Beds Description: 2+Bed1st, Baths: 1 Bath Level 1

Key facts

• Propane fireplace
• Loft
• Chalet home

Tags

• CHALET HOME
• AMENITY FILLED COMMUNITY
• MOVE IN READY
• LOFT
• PROPANE FIREPLACE
• HARDWOOD FLOORS

Property features AI

Finance

• HOA & community: Homeowners association with annual fee ($2,330); Association amenities include clubhouse, pool, lake access, golf, trash service, ski access, and powered boats allowed

Exterior

• Parking: Attached garage; Driveway; Off-street parking (unpaved)
• Security: Security service
• Utilities: Public water; Public sewer; Cable available
• Home design: Manufactured house; Single-family residence; One story
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Deck; Outdoor pool; Cleared, level lot; Private road frontage with private maintenance and road maintenance agreement; Access to Roamingwood Lake

Interior

• Kitchen: Electric oven; Electric range; Refrigerator; Microwave
• Flooring: Carpet; Hardwood; Concrete
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Electric heating; Has a fireplace insert; No central cooling
• Interior features: Cathedral ceilings; Open floor plan; Eat-in kitchen; Living room fireplace with propane insert; 6 total rooms; Full basement with crawl space
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $232k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $490 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $232k).

Location & tenants

• Location reads: area grade B — 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: 340 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 177 units permitted in Wayne County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k 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 $65k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $232,500

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.25% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.04%
• DSCR: 1.40
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $205,600
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Woodview Ter	0.22mi	2/1.0 (-1)	1,122 (+9%)	10mo	$190,000	$169	62
11 Meadowview Dr	0.50mi	3/2.0	948 (-8%)	1mo	$190,000	$200	59
1267 Brookfield Rd	0.33mi	2/2.0 (-1)	1,134 (+10%)	5mo	$232,160	$205	54
16 N Gate Ct S	0.63mi	2/1.0 (-1)	1,112 (+8%)	8mo	$235,000	$211	46
45 Brentwood Dr	0.53mi	3/1.0	1,152 (+12%)	13mo	$229,000	$199	44

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: 30.9%
• Equity multiple: 3.43×
• Total profit: $158,013
• Equity at exit: $209,454

10-year hold

• IRR: 26.8%
• Equity multiple: 7.78×
• Total profit: $441,091
• Equity at exit: $451,696

Cash invested: $65,100 (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: 340
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $2,900 medium
• Mortgage (P&I): −$1,219
• Tax est. 1.5%: −$291 /mo · $3,488/yr
• Insurance: −$97
• HOA: −$194
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $490

Break-even live

Break-even rent $2,279

Max offer price $232,500

Occupancy floor 78%

Sensitivity live

Price	-10% $651	-5% $571	+0% $490	+5% $410	+10% $330
Rent	-10% $261	-5% $376	+0% $490	+5% $605	+10% $719
Rate	-1.0pp $607	-0.5pp $549	base $490	+0.5pp $430	+1.0pp $369

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: $58,125
• Closing costs: $6,975
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1148 Golf Park Dr Lake Ariel, PA	3.0	1.0	1210	$2,900	$2.40	25d	1	0.53mi

HOA detail

• Monthly dues: $194 · $2,328/yr

Listing history 8 events

1. 2026-06-21
   days on market $232,500 Active 10 DOM
2. 2026-06-18
   days on market $232,500 Active 7 DOM
3. 2026-06-17
   days on market $232,500 Active 6 DOM
4. 2026-06-16
   days on market $232,500 Active 5 DOM
5. 2026-06-15
   days on market $232,500 Active 4 DOM
6. 2026-06-14
   days on market $232,500 Active 2 DOM
7. 2026-06-13
   remarks 576-char remark
8. 2026-06-13
   listed $232,500 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $34,800
• − Mortgage interest: −$13,024
• − Property taxes: −$3,488
• − Insurance: −$1,162
• − Repairs & maintenance: −$2,784
• − Management: −$2,784
• − HOA: −$2,328
• − Depreciation: −$6,764
• Taxable income: $2,467
• Est. tax owed @ 24.0%: −$592
• After-tax cash flow: $5,291/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 · 13 photos

Good 80/100 Cosmetic rehab

This move-in ready chalet home in The Hideout community is in good condition with a good roof and siding. It has a great lawn and a cozy interior with a propane fireplace. The home is in need of some interior updates and new flooring to increase its value.

Repairs flagged

• Minor Carpeted floors — Visible wear on furniture
• Minor Interior walls/paint — Painted walls, some wear

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carpeted floors — New flooring improves comfort and value
• Both Landscaping — Well-maintained landscaping enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Carpeted floors · Visible wear on furniture	Minor	$500–3,000
Interior walls/paint · Painted walls, some wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carpeted floors — New flooring improves comfort and value ↑
• Both Landscaping — Well-maintained landscaping enhances curb appeal and property 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 — Lake

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

1 event — show timeline

• 2026-06-11 Listed $232,500 PWMLS