137 Gaskin Dr · Hemlock Farms, PA 18428

$269,000

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 86 Days on market

Built 1970 0.58 ac lot $311/sqft · 53% above area Est $254k · 6% over $250/mo HOA · 14% of rent

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• Cash flow +5.7/30.0
• ARV discount +4.9/15.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.1/10.0

Listing remarks MLS

Step into comfort, style, and privacy with this beautifully maintained raised ranch that instantly feels like home. From the moment you walk in, you're greeted by stunning wood ceilings and rich wood flooring that wrap the space in warmth and character. The heart of the home is the updated kitchen, featuring granite countertops, a spacious island, and an open flow into the dining and living areas--ideal for both everyday living and entertaining. The main level primary bedroom offers convenience and comfort, while the lower level provides a flexible layout with an additional bedroom and dedicated office space--perfect for guests, remote work, or hobbies. Step outside and fall in love with the expansive two-tier deck. The upper level overlooks a peaceful greenbelt, giving you added privacy and a serene, nature-filled backdrop. The lower screened-in deck is perfect for relaxing or hosting late-night gatherings bug-free. A desirable horseshoe driveway adds both curb appeal and everyday convenience, providing easy access and ample parking for guests. Located in the sought-after Hemlock Farms community, you'll enjoy access to family-friendly amenities including pools, lakes, clubhouse, and more making every day feel like a getaway. This home blends charm, functionality, and lifestyle--don't miss your chance to make it yours!

Key facts

• Wood flooring
• Spacious island
• Wood ceilings

Tags

• WOOD CEILINGS
• WOOD FLOORING
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• SPACIOUS ISLAND
• TWO-TIER DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $-549 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (36.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $179k (33.5% below list).
• Recommended offer: $172k (36.1% below list) — sets the bar for cash-flow.
• Cap rate 3.8% vs local median 6.9% in Hemlock Farms — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: 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.
• Zoned schools: Wallenpaupack South El Sch (math 47% / reading 52%, grade D, #654 of 1,518 statewide, top 47%, 255 students, 72% FRL); Wallenpaupack Area Ms (math 23% / reading 57%, grade F, #257 of 512 statewide, top 52%, 644 students, 59% FRL); Wallenpaupack Area Hs (math 74% / reading 67%, grade B+, #48 of 437 statewide, top 11%, 990 students, 62% FRL) — zoned schools average 64% FRL vs 44% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 375 active listings in the ZIP; 213 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $27k 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.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $148k; list at $269k implies a 81% gain — meaningful room to come down on a strong offer.

Recommended offer $172,022 (36.1% 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. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 0.66% ✗
• Cap rate: 3.84%
• Cash-on-cash: -8.75%
• DSCR: 0.61
• GRM: 12.5

CMA / ARV

• ARV (median comp): $254,116
• List price: $269,000
• Delta: 5.86%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
203 Canterbrook Dr	0.09mi	3/1.0 (+1)	988 (+14%)	6mo	$191,000	$193	62

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: 18.1%
• Equity multiple: 2.48×
• Total profit: $111,630
• Equity at exit: $242,337

10-year hold

• IRR: 16.9%
• Equity multiple: 5.73×
• Total profit: $356,408
• Equity at exit: $522,608

Cash invested: $75,320 (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: 375
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $1,789 medium
• Mortgage (P&I): −$1,411
• Tax from tax record: −$189 /mo · $2,271/yr
• Insurance: −$112
• HOA: −$250
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $-549

Break-even live

Break-even rent $2,483

Max offer price $172,022

Occupancy floor —

Sensitivity live

Price	-10% $-397	-5% $-473	+0% $-549	+5% $-625	+10% $-701
Rent	-10% $-690	-5% $-620	+0% $-549	+5% $-478	+10% $-408
Rate	-1.0pp $-414	-0.5pp $-481	base $-549	+0.5pp $-619	+1.0pp $-690

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

HOA detail

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

Listing history 22 events

1. 2026-06-21
   days on market $269,000 Active 86 DOM
2. 2026-06-18
   days on market $269,000 Active 83 DOM
3. 2026-06-17
   days on market $269,000 Active 82 DOM
4. 2026-06-16
   days on market $269,000 Active 81 DOM
5. 2026-06-15
   days on market $269,000 Active 80 DOM
6. 2026-06-13
   days on market $269,000 Active 78 DOM
7. 2026-06-13
   days on market $269,000 Active 77 DOM
8. 2026-06-09
   days on market $269,000 Active 74 DOM
9. 2026-06-08
   days on market $269,000 Active 73 DOM
10. 2026-06-07
    days on market $269,000 Active 72 DOM
11. 2026-06-04
    days on market $269,000 Active 69 DOM
12. 2026-06-03
    days on market $269,000 Active 68 DOM
13. 2026-06-02
    days on market $269,000 Active 67 DOM
14. 2026-06-01
    days on market $269,000 Active 66 DOM
15. 2026-05-31
    days on market $269,000 Active 65 DOM
16. 2026-03-24
    listed $269,000 Active 1340-char remark

    Show marketing remark (1340 chars)

    Step into comfort, style, and privacy with this beautifully maintained raised ranch that instantly feels like home. From the moment you walk in, you're greeted by stunning wood ceilings and rich wood flooring that wrap the space in warmth and character. The heart of the home is the updated kitchen, featuring granite countertops, a spacious island, and an open flow into the dining and living areas--ideal for both everyday living and entertaining. The main level primary bedroom offers convenience and comfort, while the lower level provides a flexible layout with an additional bedroom and dedicated office space--perfect for guests, remote work, or hobbies. Step outside and fall in love with the expansive two-tier deck. The upper level overlooks a peaceful greenbelt, giving you added privacy and a serene, nature-filled backdrop. The lower screened-in deck is perfect for relaxing or hosting late-night gatherings bug-free. A desirable horseshoe driveway adds both curb appeal and everyday convenience, providing easy access and ample parking for guests. Located in the sought-after Hemlock Farms community, you'll enjoy access to family-friendly amenities including pools, lakes, clubhouse, and more making every day feel like a getaway. This home blends charm, functionality, and lifestyle--don't miss your chance to make it yours!

17. 2019-12-30
    soldstatus $148,500
18. 2019-12-20
    soldstatus 431-char remark

    Show marketing remark (431 chars)

    This raised ranch is one to be desired! Overlook the greenbelt from either one of your large decks while you are entertaining or just enjoying your privacy in the hot tub. This home has an open kitchen with center island, granite countertops and newer appliances. The warm feel of wood surrounds you in this 3 bedroom 1.5 bath delight with gleaming hardwood floors, a fully equipped laundry area, circular driveway and large shed.

19. 2019-12-20
    soldstatus $148,500

    Show marketing remark (431 chars)

    This raised ranch is one to be desired! Overlook the greenbelt from either one of your large decks while you are entertaining or just enjoying your privacy in the hot tub. This home has an open kitchen with center island, granite countertops and newer appliances. The warm feel of wood surrounds you in this 3 bedroom 1.5 bath delight with gleaming hardwood floors, a fully equipped laundry area, circular driveway and large shed.

20. 2019-06-19
    listed $149,000 431-char remark

    Show marketing remark (431 chars)

    This raised ranch is one to be desired! Overlook the greenbelt from either one of your large decks while you are entertaining or just enjoying your privacy in the hot tub. This home has an open kitchen with center island, granite countertops and newer appliances. The warm feel of wood surrounds you in this 3 bedroom 1.5 bath delight with gleaming hardwood floors, a fully equipped laundry area, circular driveway and large shed.

21. 2019-06-19
    listed $149,000

    Show marketing remark (431 chars)

    This raised ranch is one to be desired! Overlook the greenbelt from either one of your large decks while you are entertaining or just enjoying your privacy in the hot tub. This home has an open kitchen with center island, granite countertops and newer appliances. The warm feel of wood surrounds you in this 3 bedroom 1.5 bath delight with gleaming hardwood floors, a fully equipped laundry area, circular driveway and large shed.

22. 2006-04-24
    soldstatus $60,000

ⓘ 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: $2,271 · $189/mo
• Projected year-2 tax: $3,260 · $272/mo
• Expected delta: +$990/yr (+$82/mo · 43.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $21,463
• − Mortgage interest: −$15,068
• − Property taxes: −$2,271
• − Insurance: −$1,345
• − Repairs & maintenance: −$1,717
• − Management: −$1,717
• − HOA: −$3,000
• − Depreciation: −$7,825
• Taxable loss: −$11,480
• Est. tax savings @ 24.0%: +$2,755
• After-tax cash flow: $-3,832/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

+348.3% since first listed

7 events — show timeline

• 2026-03-24 Listed $269,000 PWMLS
• 2019-12-30 Sold (Public Records) $148,500 Public Records
• 2019-12-20 Sold (MLS) $148,500 PWMLS
• 2019-12-20 Sold (MLS) — PWMLS
• 2019-06-19 Listed $149,000 PWMLS
• 2019-06-19 Listed $149,000 PWMLS
• 2006-04-24 Sold (Public Records) $60,000 Public Records

Property tax history

+2.8%/yr

Latest (2026): $2,271 · +3.0% YoY. Source: county tax records.