341 Orchard St · Old Forge, PA 18518

$215,000

3 bd · 1.0 ba · 1,250 sqft · SingleFamily · 4 Days on market

Built 1960 0.26 ac lot Est $185k · 16% over

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Why this score? — see what drove the D- 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 +10.0/30.0
• Appreciation +7.6/10.0
• Livability +3.9/5.0
• Schools +3.1/10.0
• 1% rule +3.0/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.2/15.0

Listing remarks

Check out this charming 3 bed, 1 bath home in Old Forge! Features include: Large living room, eat in kitchen, central air, walk up attic, and 2 car garage!

Key facts

• 0.26 acre lot
• 2 garage spots
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-131 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (8.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $171k (20.2% below list).
• Recommended offer: $171k (20.2% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Old Forge El Sch (math 17% / reading 47%, grade F, #1,094 of 1,518 statewide, top 73%, 493 students, 50% FRL); Old Forge Jshs (math 32% / reading 52%, grade F, #232 of 437 statewide, top 57%, 453 students, 36% FRL).
• Market conditions: 39 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $13k of equity ($1k loan paydown + $11k 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.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $171,484 (20.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.80% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.61%
• DSCR: 0.88
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $185,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
341 Orchard St	0.00mi	3/1.0	1,250 (0%)	0mo	$230,333	$184	100
115 Taroli St Unit L20 22	0.23mi	2/1.0 (-1)	1,350 (+8%)	2mo	$130,000	$96	69
254 Hoover St	0.26mi	2/1.5 (-1)	1,400 (+12%)	1mo	$226,000	$161	60
1141 Main St	0.67mi	3/1.0	1,204 (-4%)	5mo	$178,000	$148	59
412 Brook St	0.54mi	3/2.0	1,320 (+6%)	5mo	$197,000	$149	57
147 2nd St	0.67mi	3/1.0	1,170 (-6%)	5mo	$130,000	$111	54
331 Drake St	0.71mi	3/2.0	1,227 (-2%)	9mo	$188,000	$153	52
199 Marion St	0.71mi	2/2.0 (-1)	1,226 (-2%)	4mo	$149,500	$122	52
116 Broadhead St	0.68mi	4/2.0 (+1)	1,400 (+12%)	0mo	$204,750	$146	39
1118 Main St	0.61mi	4/1.0 (+1)	1,100 (-12%)	9mo	$128,000	$116	39
602 Milwaukee Ave	0.67mi	2/2.0 (-1)	1,395 (+12%)	5mo	$270,000	$194	36
516 W Grace St Unit L 269	0.69mi	2/1.0 (-1)	1,067 (-15%)	7mo	$158,000	$148	33

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: 11.1%
• Equity multiple: 1.71×
• Total profit: $43,031
• Equity at exit: $123,752

10-year hold

• IRR: 12.3%
• Equity multiple: 3.27×
• Total profit: $136,563
• Equity at exit: $215,179

Cash invested: $60,200 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,715 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $-131

Break-even live

Break-even rent $1,881

Max offer price $196,031

Occupancy floor —

Sensitivity live

Price	-10% $17	-5% $-57	+0% $-131	+5% $-205	+10% $-280
Rent	-10% $-267	-5% $-199	+0% $-131	+5% $-63	+10% $4
Rate	-1.0pp $-23	-0.5pp $-76	base $-131	+0.5pp $-187	+1.0pp $-243

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
864 S Main St #3 Old Forge, PA	2.0	1.0	965	$1,350	$1.40	15d	1	0.32mi
152 Drakes Ln Old Forge, PA	2.0	1.0	979	$1,700	$1.74	15d	1	0.44mi
200 Oak St Unit 2 Old Forge, PA	3.0	1.5	1500	$1,800	$1.20	45d	1	0.68mi
75 Marimar Dr Old Forge, PA	2.0	2.0	1300	$2,500	$1.92	15d	1	0.77mi
163 Bianca Way Old Forge, PA	2.0	2.0	1194	$2,500	$2.09	15d	1	0.82mi
304 Vine St Unit 304 Old Forge, PA	2.0	1.0	1000	$1,400	$1.40	45d	1	0.85mi
962 Wood St Unit 2 Old Forge, PA	2.0	1.0	964	$1,250	$1.30	45d	1	0.85mi
1418 Grove St Moosic, PA	3.0	2.0	1820	$1,850	$1.02	15d	1	0.98mi
230 Swetland St Duryea, PA	2.0	1.0	1092	$1,400	$1.28	23d	1	1.41mi
230 Swetland St Duryea, PA	2.0	1.0	950	$1,400	$1.47	15d	1	1.41mi
652 Marion Ln Moosic, PA	2.0	2.0	1000	$1,500	$1.50	45d	1	1.42mi

Listing history 2 events

1. 2026-04-28
   status Pending
2. 2026-04-23
   listed $215,000 Active

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°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: $20,578
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,646
• − Management: −$1,646
• − Depreciation: −$6,255
• Taxable loss: −$5,312
• Est. tax savings @ 24.0%: +$1,275
• After-tax cash flow: $-298/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

2 events — show timeline

• 2026-04-28 Pending — GSBR as distributed by MLS GRID
• 2026-04-23 Listed $215,000 GSBR as distributed by MLS GRID

Property tax history

+38.5%/yr

Latest (2026): $50,688 · +2954.8% YoY. Source: county tax records.