128 Bridge St · Old Forge, PA 18518

$199,999

3 bd · 1.5 ba · 1,532 sqft · SingleFamily · 1 Days on market

Built 1958 0.28 ac lot Est $224k · 11% under

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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 +19.9/30.0
• ARV discount +12.3/15.0
• Appreciation +7.6/10.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Livability +3.9/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

2 story home with plenty to offer! There are 3 bedrooms and 2 bathrooms, plenty of off street parking, a nice size yard and an enclosed porch. Check out what could be yours, today!

Key facts

• Off street parking
• Private yard
• 0.28 acre lot

Tags

• OFF STREET PARKING
• PRIVATE YARD

Property features AI

Exterior

• Parking: Private parking
• Utilities: Public water; Public sewer; Cable available; Electricity available; Phone available; Natural gas available
• Home design: Single family residence; Bi-level design; Built circa 1958 (estimated)
• Construction: Frame construction; Composition roof; Combination and stone foundation
• Exterior features: Private yard; Private lot; Public maintained paved road frontage (approx. 100')

Interior

• Kitchen: Refrigerator
• Bedrooms: 3 bedrooms (one bedroom on lower level / basement present)
• Flooring: Varies
• Bathrooms: 2 bathrooms (1 full, 1 half)
• Heating & cooling: Natural gas heating; Window air conditioning units
• Interior features: Drywall interior; Attic storage; Block basement
• Laundry & utility: 150 Amp electric service

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 7.8% vs local median 6.1% in Old Forge — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 78/100 on livability (#287 in PA, #2,531 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Old Forge SD (suburban): math 22% / reading 49% proficiency, ranked #409 of 539 in PA (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 39 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 251 units permitted in Lackawanna County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $10k appreciation (5.2% local appreciation)).
• Lackawanna County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (5.2% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $115k; list at $200k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $199,999

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.03% ✓
• Cap rate: 7.75%
• Cash-on-cash: 5.21%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $223,672
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
322 Bridge St	0.16mi	3/1.0	1,529 (-0%)	8mo	$116,000	$76	84
116 Broadhead St	0.11mi	4/2.0 (+1)	1,400 (-9%)	0mo	$204,750	$146	73
122 W Morton St	0.27mi	2/2.0 (-1)	1,589 (+4%)	2mo	$285,000	$179	73
600 Center St	0.52mi	3/1.5	1,550 (+1%)	2mo	$365,000	$235	72
806 Foote Ave	0.62mi	3/1.5	1,506 (-2%)	1mo	$238,350	$158	68
702 Main St	0.51mi	4/2.0 (+1)	1,620 (+6%)	9mo	$70,000	$43	52
602 Milwaukee Ave	0.46mi	2/2.0 (-1)	1,395 (-9%)	5mo	$270,000	$194	52
115 Taroli St Unit L20 22	0.46mi	2/1.0 (-1)	1,350 (-12%)	2mo	$130,000	$96	50
414 Marcy St	0.68mi	3/1.0	1,676 (+9%)	4mo	$199,000	$119	47
201 Alicia St	0.70mi	3/2.0	1,700 (+11%)	1mo	$230,000	$135	47
108 Mary St	0.64mi	3/2.5	1,705 (+11%)	1mo	$153,000	$90	46
412 Brook St	0.61mi	3/2.0	1,320 (-14%)	5mo	$197,000	$149	42

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

Projected returns pro-forma

5.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.7%
• Equity multiple: 2.13×
• Total profit: $63,290
• Equity at exit: $115,118

10-year hold

• IRR: 17.8%
• Equity multiple: 4.17×
• Total profit: $177,263
• Equity at exit: $200,166

Cash invested: $56,000 (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 18518

• Home prices YoY: 2.2%
• Active inventory: 39
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,057 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $243

Break-even live

Break-even rent $1,750

Max offer price $199,999

Occupancy floor 83%

Sensitivity live

Price	-10% $381	-5% $312	+0% $243	+5% $174	+10% $105
Rent	-10% $81	-5% $162	+0% $243	+5% $324	+10% $406
Rate	-1.0pp $344	-0.5pp $294	base $243	+0.5pp $191	+1.0pp $139

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
163 Bianca Way Old Forge, PA	2.0	2.0	1194	$2,500	$2.09	14d	1	0.52mi
75 Marimar Dr Old Forge, PA	2.0	2.0	1300	$2,500	$1.92	14d	1	0.54mi
230 Swetland St Duryea, PA	2.0	1.0	1092	$1,400	$1.28	21d	1	0.83mi
1418 Grove St Moosic, PA	3.0	2.0	1820	$1,850	$1.02	14d	1	0.89mi
114 Dickson St Duryea, PA	3.0	1.0	1836	$1,600	$0.87	14d	1	1.03mi
200 Oak St Unit 2 Old Forge, PA	3.0	1.5	1500	$1,800	$1.20	44d	1	1.09mi

Listing history 2 events

1. 2026-06-18
   remarks 140-char remark
2. 2026-06-18
   listed $199,999 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,688
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$5,818
• Taxable loss: −$283
• Est. tax savings @ 24.0%: +$68
• After-tax cash flow: $2,986/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: Old Forge SD
• NCES district ID: 4218120
• Math proficiency: 22% ▼ -19.00%
• Reading proficiency: 49% ▼ -17.00%
• Median HH income: $49,409
• Composite: 30.6/100
• National rank: #6196
• State rank: #409 of 539 in PA

Livability — Old Forge

• Score: 78/100
• State rank: #287
• US rank: #2531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Old Forge, PA
• City population: 8,533
• Population (ZIP): 8,533

Population outlook (Lackawanna County) Hauer SSP2

• Today (2025): 210,652 people
• By 2030: 208,623 · -1.0%
• By 2040: 203,980 · -3.2%
• By 2050: 201,069 · -4.5%
• By 2075: 205,026 · -2.7%
• By 2100: 210,851 · +0.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 13% Hispanic / Latino 9% Asian 1%
• Hispanic origin (detail): Puerto Rican 9%
• Common ancestry: Romanian 17% Scotch-Irish 4% Subsaharan African 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Lackawanna

• 2024 margin: Toss-up / Even · D 51.0% · R 48.3%
• 2008→2024 swing: -23.2pp toward R · 2008: 26.0pp · 2024: 2.8pp
• All cycles: 2024: D+2.8 2020: D+8.4 2016: D+3.4 2012: D+27.4 2008: D+26.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.15%
• Current HPI: 242.2839
• 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

+60.0% since first listed

5 events — show timeline

• 2026-06-17 Listed $199,999 GSBR as distributed by MLS GRID
• 2023-03-08 Sold (MLS) $115,000 PMAR
• 2022-11-16 Price Changed $133,900 PMAR
• 2022-09-16 Listed $139,900 PMAR
• 2022-05-26 Listed $125,000 LCAR

Property tax history

+42.3%/yr

Latest (2026): $29,164 · +4001.1% YoY. Source: county tax records.