143 Heritage Dr Dr · Masthope, PA 18435

$450,000

3 bd · 2.0 ba · 2,640 sqft · SingleFamily public records · 417 Days on market

Built 2003 0.56 ac lot $170/sqft · 13% below area Est $460k · at est. $192/mo HOA · 4% of rent ↓ 10% since listing

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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 +17.8/30.0
• ARV discount +8.5/15.0
• DSCR +5.6/10.0
• Appreciation +5.4/10.0
• 1% rule +4.8/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

Key facts

• Motor boating lake
• Community amenities
• Finished basement

Tags

• FINISHED BASEMENT
• MASTHOPE MOUNTAIN COMMUNITY
• COMMUNITY AMENITIES
• MOTOR BOATING LAKE
• 2 POOLS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $450k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/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 $440k (2.2% below list).
• Recommended offer: $396k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.2% in Masthope — 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 63/100 on livability (#1,276 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: schools D, amenities F, commute F.
• Wallenpaupack Area SD (rural): math 39% / reading 59% proficiency, ranked #192 of 539 in PA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 60 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 $6k of equity ($3k loan paydown + $3k appreciation (0.7% 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 (0.7% appreciation + 3.0% rent growth), your $126k cash investment doubles in ~9 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 417 days — a 12% lower offer ($396k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $49k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $396,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 417 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.98% ✗
• Cap rate: 7.29%
• Cash-on-cash: 3.55%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

• ARV (median comp): $459,856
• List price: $450,000
• Delta: -2.14%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
216 Powderhorn Dr	0.41mi	3/3.0	2,592 (-2%)	4mo	$345,000	$133	70
163 Heritage Dr	0.21mi	4/3.5 (+1)	2,714 (+3%)	7mo	$565,000	$208	69
201 Powderhorn Dr	0.29mi	4/2.0 (+1)	2,643 (+0%)	16mo	$480,000	$182	68
135 Heritage Dr	0.07mi	3/3.0	2,800 (+6%)	21mo	$475,000	$170	65
254 Upper Independence Dr	0.46mi	4/3.5 (+1)	2,720 (+3%)	1mo	$559,000	$206	61
133 Constitution Dr	0.27mi	3/2.5	2,289 (-13%)	4mo	$351,500	$154	60
204 Westcolang Rd	0.53mi	4/3.5 (+1)	2,587 (-2%)	7mo	$480,000	$186	55
160 Constitution Dr	0.21mi	4/3.5 (+1)	2,720 (+3%)	23mo	$529,000	$194	55
107 Musket Dr	0.40mi	3/3.0	2,398 (-9%)	10mo	$410,000	$171	54
177 Candlewick Way	0.46mi	3/2.0	2,279 (-14%)	4mo	$390,000	$171	52
102 Andiron Way	0.39mi	3/3.0	2,506 (-5%)	23mo	$391,250	$156	50
167 Lower Independence Dr	0.65mi	4/3.5 (+1)	2,720 (+3%)	14mo	$565,700	$208	42

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

Projected returns pro-forma

0.7% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.20×
• Total profit: $25,673
• Equity at exit: $146,668

10-year hold

• IRR: 8.7%
• Equity multiple: 2.03×
• Total profit: $129,725
• Equity at exit: $189,640

Cash invested: $126,000 (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 18435

• Home prices YoY: 0.3%
• Active inventory: 60
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $4,400 medium
• Mortgage (P&I): −$2,360
• Tax from tax record: −$364 /mo · $4,368/yr
• Insurance: −$188
• HOA: −$192
• Vacancy / Maint / Mgmt: −$924
• Net cashflow: $373

Break-even live

Break-even rent $3,928

Max offer price $450,000

Occupancy floor 87%

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: $112,500
• Closing costs: $13,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Cottonwood Dr Hawley, PA	4.0	3.0	2908	$4,400	$1.51	2d	1	1.50mi

HOA detail

• Monthly dues: $192 · $2,304/yr
• Likely covers: poolsecurity

Listing history 21 events

1. 2026-06-18
   days on market $450,000 Active 417 DOM
2. 2026-06-17
   days on market $450,000 Active 416 DOM
3. 2026-06-16
   days on market $450,000 Active 415 DOM
4. 2026-06-15
   days on market $450,000 Active 414 DOM
5. 2026-06-13
   days on market $450,000 Active 412 DOM
6. 2026-06-13
   days on market $450,000 Active 411 DOM
7. 2026-06-09
   days on market $450,000 Active 408 DOM
8. 2026-06-08
   days on market $450,000 Active 407 DOM
9. 2026-06-07
   days on market $450,000 Active 406 DOM
10. 2026-06-04
    days on market $450,000 Active 403 DOM
11. 2026-06-03
    days on market $450,000 Active 402 DOM
12. 2026-06-02
    days on market $450,000 Active 401 DOM
13. 2026-06-01
    days on market $450,000 Active 400 DOM
14. 2026-05-31
    days on market $450,000 Active 399 DOM
15. 2026-05-08
    price $450,000 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

16. 2026-04-13
    price $455,000 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

17. 2025-11-26
    status Active 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

18. 2025-11-26
    price $459,999 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

19. 2025-09-12
    price $470,000 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

20. 2025-05-14
    price $475,000 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

21. 2025-04-26
    listed $499,000 Active 742-char remark

    Show marketing remark (742 chars)

    Captivating Mountain Retreat in the heart of the Poconos! This fully furnished 4-bedroom, 3-bathroom home offers everything you need for year-round enjoyment in the sought-after Masthope Mountain Community. Move in ready, Featuring a finished basement for extra living & entertainment space. Relax in comfort with cozy yet spacious interiors throughout. Located on a 0.56-acre lot, you'll enjoy access to top-tier community amenities including skiing, lodge and Bar and restaurant, horseback riding, a motor boating lake, 2 pools, beach and more. Whether you're looking for a full-time residence, vacation getaway, or investment opportunity -- this home has it all! Additional features include a wired security system for peace of mind!

ⓘ 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: $4,368 · $364/mo
• Projected year-2 tax: $5,739 · $478/mo
• Expected delta: +$1,371/yr (+$114/mo · 31.4%)

ⓘ 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 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,800
• − Mortgage interest: −$25,207
• − Property taxes: −$4,368
• − Insurance: −$2,250
• − Repairs & maintenance: −$4,224
• − Management: −$4,224
• − HOA: −$2,304
• − Depreciation: −$13,091
• Taxable loss: −$2,868
• Est. tax savings @ 24.0%: +$688
• After-tax cash flow: $5,160/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: Wallenpaupack Area SD
• NCES district ID: 4224750
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 59% ▼ -5.00%
• Median HH income: $51,027
• Composite: 41.97/100
• National rank: #3345
• State rank: #192 of 539 in PA

Livability — Masthope

• Score: 63/100
• State rank: #1276
• US rank: #15402

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Masthope, PA
• Population (ZIP): 906

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: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 10% Hispanic / Latino 4%
• Common ancestry: Romanian 6% Subsaharan African 6% Serbian 4%
• Foreign-born: 13% · Canada
• Languages at home: 92% English-only · Russian/Polish/Slavic 5% Spanish 1% German/W. Germanic 1%

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: ▲ 0.70%
• Current HPI: 206.1947
• 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

-9.8% since first listed

7 events — show timeline

• 2026-05-08 Price Changed $450,000 PWMLS
• 2026-04-13 Price Changed $455,000 PWMLS
• 2025-11-26 Relisted — PWMLS
• 2025-11-26 Price Changed $459,999 PWMLS
• 2025-09-12 Price Changed $470,000 PWMLS
• 2025-05-14 Price Changed $475,000 PWMLS
• 2025-04-26 Listed $499,000 PWMLS

Property tax history

+2.6%/yr

Latest (2026): $4,368 · +2.8% YoY. Source: county tax records.