232 Basswood Dr · Hemlock Farms, PA 18428

$295,000

3 bd · 1.5 ba · 1,200 sqft · SingleFamily public records · 28 Days on market

Built 1967 0.57 ac lot Est $286k · at est. $250/mo HOA · 8% 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 +22.3/30.0
• Appreciation +10.0/10.0
• DSCR +7.2/10.0
• 1% rule +6.2/10.0
• ARV discount +6.0/15.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Mountain Chalet Living in Hemlock Farms Community AssociationEscape to the beauty of the Poconos in this charming 3-bedroom, 2-bath chalet nestled on over a half-acre wooded lot. Priced at $295,000, this inviting home features a recently updated kitchen, soaring windows with peaceful forest views, and a spacious screened porch perfect for relaxing and enjoying nature year-round. Located just minutes from the community clubhouse, you'll enjoy resort-style amenities including an indoor pool, outdoor pools, fitness center, hot tub, steam room, sauna, pickleball and tennis courts, ball fields, lakefront beaches, and more. Whether you're looking for a full-time residence, vacation getaway, or in

Key facts

• Fitness center
• Outdoor pools
• Indoor pool

Tags

• RECENTLY UPDATED KITCHEN
• SPACIOUS SCREENED PORCH
• RESORT STYLE AMENITIES
• INDOOR POOL
• OUTDOOR POOLS
• FITNESS CENTER

Property features AI

Finance

• Other: Subdivision: Hemlock Farms; Lot dimensions approximately 100' x 272' x 107' x 240' (0.57 acres); Private road frontage, 100' frontage length
• HOA & community: Homeowners association membership; Annual association fee; Association amenities include clubhouse, indoor pool, pool, tennis courts, basketball court, trails, playground, park, fitness center, spa/hot tub, sauna, game/billiard room, recreation room, recreation facilities, gated community, security, fitness/exercise course, dog park, picnic area, beach access/rights, pond year-round, fishing

Exterior

• Parking: Driveway; On-site parking
• Security: Smoke detectors
• Utilities: Public water; Septic tank; Electricity connected; Cable available and connected; Phone available; Water connected
• Home design: Single family house; Two levels; Entry from a screen porch; Updated/remodeled; Entry level: 1
• Construction: Frame construction with vinyl siding; Block foundation; Asphalt shingle roof; Built area above grade: 1,200 (finished area)
• Exterior features: Balcony; Private yard; Wooded and many trees; Sloped lot with views; Rock outcropping; Close to clubhouse; Private maintained asphalt road frontage; Has view

Interior

• Kitchen: Dishwasher; Microwave; Electric range; Refrigerator; Granite counters
• Bedrooms: Master downstairs
• Flooring: Tile; Wood; Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Baseboard heating; Electric heating; Fireplace heating; Ceiling fans for cooling; Has cooling
• Interior features: Beamed ceilings; Granite counters; Ceiling fans; Master bedroom on main level; Living room wood-burning fireplace
• Laundry & utility: Washer; Dryer; Laundry closet; Electric water heater; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $488 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $295k).
• Recommended offer: $291k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#884 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: schools C-, 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: 371 active listings in the ZIP; 2 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 $32k of equity ($2k loan paydown + $30k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $83k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$51k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $86k; list at $295k implies a 243% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $290,575 (1.5% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 1.12% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $285,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
105 Tupelo Dr	0.21mi	3/2.0	1,215 (+1%)	0mo	$360,000	$296	86
800 Bluestone Ct N Unit 800 Bluestone Court North	0.30mi	3/2.0	1,202 (+0%)	1mo	$276,000	$230	83
111 Blueridge Ln	0.31mi	3/1.0	1,176 (-2%)	9mo	$215,000	$183	73
123 Basswood Ln E	0.26mi	3/2.0	1,320 (+10%)	8mo	$512,500	$388	62
806 Rimrock Ct	0.63mi	3/2.0	1,142 (-5%)	4mo	$300,000	$263	58
104 Ironwood Ln	0.14mi	3/2.0	1,032 (-14%)	14mo	$260,000	$252	56
304 Forest Dr	0.48mi	3/1.5	1,344 (+12%)	2mo	$280,000	$208	56
404 Forest Dr	0.54mi	3/1.0	1,085 (-10%)	6mo	$270,000	$249	52
801 Granite Ct S	0.62mi	3/2.0	1,305 (+9%)	4mo	$283,000	$217	51
304 Forest Drive Dr	0.48mi	3/1.5	1,344 (+12%)	11mo	$181,000	$135	48
807 Woodland Ct	0.60mi	2/1.5 (-1)	1,058 (-12%)	10mo	$215,000	$203	39
107 Ridgeway Dr	0.73mi	3/2.0	1,083 (-10%)	10mo	$257,500	$238	39

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: 29.4%
• Equity multiple: 3.32×
• Total profit: $191,870
• Equity at exit: $265,759

10-year hold

• IRR: 25.6%
• Equity multiple: 7.55×
• Total profit: $540,776
• Equity at exit: $573,120

Cash invested: $82,600 (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 18428

• Home prices YoY: 9.2%
• Active inventory: 371
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $3,311 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$207 /mo · $2,489/yr
• Insurance: −$123
• HOA: −$250
• Vacancy / Maint / Mgmt: −$695
• Net cashflow: $488

Break-even live

Break-even rent $2,693

Max offer price $295,000

Occupancy floor 80%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
811 Hickory Ct Hawley, PA	3.0	2.0	1100	$2,500	$2.27	1d	1	0.23mi
313 Forest Dr Blooming Grove, PA	3.0	2.0	1200	$5,000	$4.17	1d	1	0.51mi

HOA detail

• Monthly dues: $250 · $3,000/yr
• Likely covers: poolgym

Listing history 17 events

1. 2026-06-18
   days on market $295,000 Active 28 DOM
2. 2026-06-17
   days on market $295,000 Active 27 DOM
3. 2026-06-16
   days on market $295,000 Active 26 DOM
4. 2026-06-15
   days on market $295,000 Active 25 DOM
5. 2026-06-13
   days on market $295,000 Active 23 DOM
6. 2026-06-13
   days on market $295,000 Active 22 DOM
7. 2026-06-09
   days on market $295,000 Active 19 DOM
8. 2026-06-08
   days on market $295,000 Active 18 DOM
9. 2026-06-07
   days on market $295,000 Active 17 DOM
10. 2026-06-04
    days on market $295,000 Active 14 DOM
11. 2026-06-03
    days on market $295,000 Active 13 DOM
12. 2026-06-02
    days on market $295,000 Active 12 DOM
13. 2026-06-01
    days on market $295,000 Active 11 DOM
14. 2026-05-31
    days on market $295,000 Active 10 DOM
15. 2026-05-19
    listed $295,000 Active
16. 2009-06-18
    soldstatus $86,000
17. 1999-11-08
    soldstatus $66,000

ⓘ 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: $2,489 · $207/mo
• Projected year-2 tax: $3,575 · $298/mo
• Expected delta: +$1,086/yr (+$91/mo · 43.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 65% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% 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: $39,731
• − Mortgage interest: −$16,525
• − Property taxes: −$2,489
• − Insurance: −$1,475
• − Repairs & maintenance: −$3,178
• − Management: −$3,178
• − HOA: −$3,000
• − Depreciation: −$8,582
• Taxable income: $1,304
• Est. tax owed @ 24.0%: −$313
• After-tax cash flow: $5,547/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 — Hemlock Farms

• Score: 68/100
• State rank: #884
• US rank: #9421

Category grades

Amenities F Commute F Cost of living B+ 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: Hemlock Farms, PA
• Population (ZIP): 12,446

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 (85%)
• Race & ethnicity: White 85% Hispanic / Latino 8% Two or more races 6% Black 1% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Romanian 5% Portuguese 3% Italian 2%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5% Russian/Polish/Slavic 1% Other Asian/Pacific 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: ▲ 28.60%
• Current HPI: 340.8254
• 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

+347.0% since first listed

3 events — show timeline

• 2026-05-19 Listed $295,000 PWMLS
• 2009-06-18 Sold (Public Records) $86,000 Public Records
• 1999-11-08 Sold (Public Records) $66,000 Public Records

Property tax history

+2.8%/yr

Latest (2026): $2,489 · +3.0% YoY. Source: county tax records.