1119 Cranberry Dr · Pine Ridge, PA 18324

$229,900

2 bd · 1.5 ba · 1,152 sqft · SingleFamily public records · 21 Days on market

Built 1987 0.58 ac lot $200/sqft · at area comps Est $261k · 12% under $69/mo HOA · 3% of rent

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Why this score? — see what drove the C 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 +15.4/30.0
• ARV discount +12.8/15.0
• Appreciation +6.8/10.0
• DSCR +4.7/10.0
• 1% rule +4.6/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to your new home! Located in Pine Ridge, on over a half acrea of land and enjoyed by one owner since 1987! Home features 3 bedrooms, large eat in kitchen with new appliances, oversized living room with vaulted ceilings and wood burning fireplace. Whole house 500 gallon generator, roof is 10 years old and encapsulated crawl space with new door and steps. Come make this home yours!

Key facts

• Over half acre
• New appliances
• 500 gallon generator

Tags

• OVER HALF ACRE
• NEW APPLIANCES
• WOOD BURNING FIREPLACE
• 500 GALLON GENERATOR
• ENCAPSULATED CRAWL SPACE

Property features AI

Finance

• HOA & community: Annual HOA fee ($830) covering road maintenance; HOA amenities include playground and outdoor pool; HOA responsible for road maintenance

Exterior

• Parking: Driveway parking (4 spaces total)
• Utilities: Public water; On-site septic; Electric service
• Home design: Detached single-family home; Estimated year built; Above-grade finished living space (estimated); Mountain location
• Construction: Wood siding; Asphalt roof; Crawl space foundation; Above-grade structures
• Exterior features: Porch(es); Outbuilding(s); Partly wooded lot with rear and side yards; Community pool (concrete, filtered)

Interior

• Kitchen: Refrigerator; Microwave; Electric oven/range
• Bedrooms: Main-level bedroom (1); Upper-level bedrooms (2)
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: One full bathroom on upper level; One half bathroom on main level
• Heating & cooling: Electric baseboard heating; Electric hot water
• Interior features: Eat-in kitchen; Dry wall ceilings and walls; Brick wood-burning fireplace
• Laundry & utility: Main-floor laundry; Electric dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $90 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (4.3% below list).
• Recommended offer: $220k (4.3% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.3% in Pine Ridge — 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 65/100 on livability (#1,098 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, schools F, amenities 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: 290 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 213 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.5% local appreciation)).
• Pike County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $8k; list at $230k implies a 2670% gain — meaningful room to come down on a strong offer.

Recommended offer $220,000 (4.3% below list)

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. 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?
4. 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.
5. 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.
6. 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: 0.96% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.67%
• DSCR: 1.07
• GRM: 8.7

CMA / ARV

• ARV (median comp): $260,900
• List price: $229,900
• Delta: -11.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2123 VALLEY VIEW Dr	0.10mi	3/2.5 (+1)	1,160 (+1%)	14mo	$319,500	$275	74
126 Morris Pl	0.24mi	2/1.5	1,204 (+4%)	21mo	$150,100	$125	64
104 Schoonover Ct	0.50mi	3/2.0 (+1)	1,246 (+8%)	6mo	$235,000	$189	51
136 Huffman Cir	0.63mi	3/1.5 (+1)	1,204 (+4%)	11mo	$230,000	$191	49
124 Amos Cir	0.40mi	3/1.0 (+1)	1,060 (-8%)	16mo	$110,000	$104	48
6360 Bushkill Rd	0.23mi	2/1.0	988 (-14%)	21mo	$370,000	$374	46
4320 E Pine Ridge Dr	0.27mi	3/1.0 (+1)	1,008 (-12%)	20mo	$195,000	$193	43
4165 Pine Ridge Dr	0.56mi	3/1.0 (+1)	1,000 (-13%)	3mo	$190,000	$190	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.51% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.5%
• Equity multiple: 1.62×
• Total profit: $39,688
• Equity at exit: $109,985

10-year hold

• IRR: 12.5%
• Equity multiple: 2.96×
• Total profit: $125,881
• Equity at exit: $174,832

Cash invested: $64,372 (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 18324

• Home prices YoY: 1.5%
• Active inventory: 290
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$278 /mo · $3,336/yr
• Insurance: −$96
• HOA: −$69
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $90

Break-even live

Break-even rent $2,087

Max offer price $229,900

Occupancy floor 91%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
210 Stag Ct S Bushkill, PA	2.0	1.0	987	$2,200	$2.23	1d	1	1.17mi

HOA detail

• Monthly dues: $69 · $828/yr

Listing history 17 events

1. 2026-06-19
   days on market $229,900 Active 21 DOM
2. 2026-06-18
   days on market $229,900 Active 20 DOM
3. 2026-06-17
   days on market $229,900 Active 19 DOM
4. 2026-06-16
   days on market $229,900 Active 18 DOM
5. 2026-06-15
   days on market $229,900 Active 17 DOM
6. 2026-06-14
   days on market $229,900 Active 15 DOM
7. 2026-06-13
   days on market $229,900 Active 14 DOM
8. 2026-06-10
   days on market $229,900 Active 12 DOM
9. 2026-06-09
   days on market $229,900 Active 11 DOM
10. 2026-06-08
    days on market $229,900 Active 10 DOM
11. 2026-06-07
    days on market $229,900 Active 9 DOM
12. 2026-06-05
    days on market $229,900 Active 6 DOM
13. 2026-06-02
    days on market $229,900 Active 4 DOM
14. 2026-06-01
    days on market $229,900 Active 3 DOM
15. 2026-05-31
    days on market $229,900 Active 2 DOM
16. 2026-04-23
    listed $229,900 Active 390-char remark

    Show marketing remark (390 chars)

    Welcome to your new home! Located in Pine Ridge, on over a half acrea of land and enjoyed by one owner since 1987! Home features 3 bedrooms, large eat in kitchen with new appliances, oversized living room with vaulted ceilings and wood burning fireplace. Whole house 500 gallon generator, roof is 10 years old and encapsulated crawl space with new door and steps. Come make this home yours!

17. 1987-11-09
    soldstatus $8,300

ⓘ 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: $3,336 · $278/mo
• Projected year-2 tax: $3,484 · $290/mo
• Expected delta: +$148/yr (+$12/mo · 4.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 6 d/yr ≥97°F today · 12 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $26,400
• − Mortgage interest: −$12,878
• − Property taxes: −$3,336
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − HOA: −$828
• − Depreciation: −$6,688
• Taxable loss: −$2,703
• Est. tax savings @ 24.0%: +$649
• After-tax cash flow: $1,724/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 — Pine Ridge

• Score: 65/100
• State rank: #1098
• US rank: #12434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Ridge, PA
• Population (ZIP): 9,591

Population outlook (Pike County) Hauer SSP2

• Today (2025): 53,548 people
• By 2030: 51,622 · -3.6%
• By 2040: 46,490 · -13.2%
• By 2050: 40,372 · -24.6%
• By 2075: 31,951 · -40.3%
• By 2100: 26,821 · -49.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 47% Hispanic / Latino 26% Black 21% Two or more races 12% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 12% Cuban 3% Dominican 5%
• Common ancestry: Romanian 2% Estonian 1% Lithuanian 1%
• Foreign-born: 19% · Canada, South Korea
• Languages at home: 69% English-only · Spanish 19% Russian/Polish/Slavic 4% French/Haitian/Cajun 3%

Political lean MEDSL · Pike

• 2024 margin: Strong R (+24.1) · D 37.6% · R 61.6%
• 2008→2024 swing: -19.8pp toward R · 2008: -4.2pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+19.0 2016: R+26.0 2012: R+11.0 2008: R+4.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.51%
• Current HPI: 243.6754
• 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

+2669.9% since first listed

3 events — show timeline

• 2026-05-29 Listed $229,900 BRIGHT MLS
• 2026-04-23 Listed $229,900 PMAR
• 1987-11-09 Sold (Public Records) $8,300 Public Records

Property tax history

+1.0%/yr

Latest (2026): $3,336 · +1.6% YoY. Source: county tax records.