1008 Cedar Dr · Wallenpaupack Lake Estates, PA 18436

$299,900

5 bd · 3.5 ba · 3,036 sqft · SingleFamily public records · 35 Days on market

Built 1988 0.35 ac lot $99/sqft · 32% below area Est $387k · 23% under $205/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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• Schools +4.2/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks MLS

NEW PRICE - THIS IS NOT A PERFECT HOME but it could be the RIGHT HOME. The bones are good. The footprint is large. Spread out in this spacious 3-level Colonial with front and back decks located in sought after Wallenpaupack Area School District in Wallenpaupack Lake Estates. Located on a quiet street this home could benefit from new flooring and new paint inside and out making it truly your own vistion. Features include large living areas, a kitchen on the main level, and a bonus SECOND KITCHEN on the lower level -- perfect for entertaining, canning, and food prep! There is an additional SEPERATE SIDE ENTRANCE leading to the lower level right near the laundry room/mud room. This could be an additonal living space. A newer roof (2023), updated radon mitigation system, huge storage shed, workshop/storage area on lower level, open backyard, and plenty of parking with room for boat parking add to the value of this large footprint. Huge primary bedroom with balcony and fireplace on upper level. Any of the other 4 bedrooms could easily be made into office areas to work from home. Utility cost savings with alternative heat sources on all three floors (2 propane fireplaces and a wood stove in lowest level. ) Conveniently located near Beaver Lake and the Beaver Lodge Pool and Snack Stand, all within a community offering access to Lake Wallenpaupack. Community Water and Sewer are included in dues. No individual septic! WLE is the place to be. This four-season community has so many amenities including two interior lakes, multiple pools and beaches, entertainment areas, year-round events, snack stands, pickleball, and marina access to Lake Wallenpaupack. This is the BEST of both lake lifestyles - spend the day boating on Lake Wallenpaupack and/or stand up paddleboard on Beaver or Deer Lake. Make this place your home with needed updates -- an equity-building opportunity. Some photos are marked virtually staged to illustrate potential of rooms on property. Welcome Home to WLE.

Key facts

• Two interior lakes
• Entertainment areas
• Pickleball

Tags

• FRONT AND BACK DECKS
• TWO INTERIOR LAKES
• MULTIPLE POOLS AND BEACHES
• ENTERTAINMENT AREAS
• PICKLEBALL
• MARINA ACCESS

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-297 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (17.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $252k (15.9% below list).
• Recommended offer: $247k (17.5% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 2.4% in Wallenpaupack Lake Estates — 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 68/100 on livability (#896 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living 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: 337 active listings in the ZIP; 177 units permitted in Wayne 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)).
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $160k; list at $300k implies a 87% gain — meaningful room to come down on a strong offer.

Recommended offer $247,491 (17.5% 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 35 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.84% ✗
• Cap rate: 5.11%
• Cash-on-cash: -4.24%
• DSCR: 0.81
• GRM: 9.9

CMA / ARV

• ARV (median comp): $387,328
• List price: $299,900
• Delta: -22.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1008 Cedar Dr	0.00mi	5/3.5	2,653 (-13%)	0mo	$260,000	$98	79
9 Wallenpaupack Dr	0.30mi	4/3.5 (-1)	2,899 (-4%)	9mo	$529,000	$182	66
1035 Oak Ter	0.16mi	4/3.0 (-1)	2,605 (-14%)	17mo	$360,000	$138	47
1044 Wallenpaupack Dr	0.51mi	4/3.5 (-1)	2,899 (-4%)	23mo	$469,000	$162	44

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: 21.3%
• Equity multiple: 2.72×
• Total profit: $144,609
• Equity at exit: $270,174

10-year hold

• IRR: 19.3%
• Equity multiple: 6.25×
• Total profit: $441,050
• Equity at exit: $582,640

Cash invested: $83,972 (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 18436

• Home prices YoY: 16.9%
• Active inventory: 337
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,522 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$387 /mo · $4,639/yr
• Insurance: −$125
• HOA: −$205
• Vacancy / Maint / Mgmt: −$530
• Net cashflow: $-297

Break-even live

Break-even rent $2,898

Max offer price $247,491

Occupancy floor —

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $205 · $2,460/yr
• Likely covers: watersewerpool

Listing history 8 events

1. 2026-05-06
   status Pending 1997-char remark

   Show marketing remark (1997 chars)

   NEW PRICE - THIS IS NOT A PERFECT HOME but it could be the RIGHT HOME. The bones are good. The footprint is large. Spread out in this spacious 3-level Colonial with front and back decks located in sought after Wallenpaupack Area School District in Wallenpaupack Lake Estates. Located on a quiet street this home could benefit from new flooring and new paint inside and out making it truly your own vistion. Features include large living areas, a kitchen on the main level, and a bonus SECOND KITCHEN on the lower level -- perfect for entertaining, canning, and food prep! There is an additional SEPERATE SIDE ENTRANCE leading to the lower level right near the laundry room/mud room. This could be an additonal living space. A newer roof (2023), updated radon mitigation system, huge storage shed, workshop/storage area on lower level, open backyard, and plenty of parking with room for boat parking add to the value of this large footprint. Huge primary bedroom with balcony and fireplace on upper level. Any of the other 4 bedrooms could easily be made into office areas to work from home. Utility cost savings with alternative heat sources on all three floors (2 propane fireplaces and a wood stove in lowest level. ) Conveniently located near Beaver Lake and the Beaver Lodge Pool and Snack Stand, all within a community offering access to Lake Wallenpaupack. Community Water and Sewer are included in dues. No individual septic! WLE is the place to be. This four-season community has so many amenities including two interior lakes, multiple pools and beaches, entertainment areas, year-round events, snack stands, pickleball, and marina access to Lake Wallenpaupack. This is the BEST of both lake lifestyles - spend the day boating on Lake Wallenpaupack and/or stand up paddleboard on Beaver or Deer Lake. Make this place your home with needed updates -- an equity-building opportunity. Some photos are marked virtually staged to illustrate potential of rooms on property. Welcome Home to WLE.

2. 2026-04-30
   price $299,900 1997-char remark

   Show marketing remark (1997 chars)

   NEW PRICE - THIS IS NOT A PERFECT HOME but it could be the RIGHT HOME. The bones are good. The footprint is large. Spread out in this spacious 3-level Colonial with front and back decks located in sought after Wallenpaupack Area School District in Wallenpaupack Lake Estates. Located on a quiet street this home could benefit from new flooring and new paint inside and out making it truly your own vistion. Features include large living areas, a kitchen on the main level, and a bonus SECOND KITCHEN on the lower level -- perfect for entertaining, canning, and food prep! There is an additional SEPERATE SIDE ENTRANCE leading to the lower level right near the laundry room/mud room. This could be an additonal living space. A newer roof (2023), updated radon mitigation system, huge storage shed, workshop/storage area on lower level, open backyard, and plenty of parking with room for boat parking add to the value of this large footprint. Huge primary bedroom with balcony and fireplace on upper level. Any of the other 4 bedrooms could easily be made into office areas to work from home. Utility cost savings with alternative heat sources on all three floors (2 propane fireplaces and a wood stove in lowest level. ) Conveniently located near Beaver Lake and the Beaver Lodge Pool and Snack Stand, all within a community offering access to Lake Wallenpaupack. Community Water and Sewer are included in dues. No individual septic! WLE is the place to be. This four-season community has so many amenities including two interior lakes, multiple pools and beaches, entertainment areas, year-round events, snack stands, pickleball, and marina access to Lake Wallenpaupack. This is the BEST of both lake lifestyles - spend the day boating on Lake Wallenpaupack and/or stand up paddleboard on Beaver or Deer Lake. Make this place your home with needed updates -- an equity-building opportunity. Some photos are marked virtually staged to illustrate potential of rooms on property. Welcome Home to WLE.

3. 2026-04-01
   listed $339,900 Active 1997-char remark

   Show marketing remark (1997 chars)

   NEW PRICE - THIS IS NOT A PERFECT HOME but it could be the RIGHT HOME. The bones are good. The footprint is large. Spread out in this spacious 3-level Colonial with front and back decks located in sought after Wallenpaupack Area School District in Wallenpaupack Lake Estates. Located on a quiet street this home could benefit from new flooring and new paint inside and out making it truly your own vistion. Features include large living areas, a kitchen on the main level, and a bonus SECOND KITCHEN on the lower level -- perfect for entertaining, canning, and food prep! There is an additional SEPERATE SIDE ENTRANCE leading to the lower level right near the laundry room/mud room. This could be an additonal living space. A newer roof (2023), updated radon mitigation system, huge storage shed, workshop/storage area on lower level, open backyard, and plenty of parking with room for boat parking add to the value of this large footprint. Huge primary bedroom with balcony and fireplace on upper level. Any of the other 4 bedrooms could easily be made into office areas to work from home. Utility cost savings with alternative heat sources on all three floors (2 propane fireplaces and a wood stove in lowest level. ) Conveniently located near Beaver Lake and the Beaver Lodge Pool and Snack Stand, all within a community offering access to Lake Wallenpaupack. Community Water and Sewer are included in dues. No individual septic! WLE is the place to be. This four-season community has so many amenities including two interior lakes, multiple pools and beaches, entertainment areas, year-round events, snack stands, pickleball, and marina access to Lake Wallenpaupack. This is the BEST of both lake lifestyles - spend the day boating on Lake Wallenpaupack and/or stand up paddleboard on Beaver or Deer Lake. Make this place your home with needed updates -- an equity-building opportunity. Some photos are marked virtually staged to illustrate potential of rooms on property. Welcome Home to WLE.

4. 2009-10-06
   soldstatus $160,500
5. 2001-09-10
   soldstatus $118,000
6. 1999-06-24
   soldstatus $82,000
7. 1998-02-17
   soldstatus $56,000
8. 1987-02-13
   soldstatus $24,500

ⓘ 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: $4,639 · $387/mo
• Projected year-2 tax: $4,689 · $391/mo
• Expected delta: +$50/yr (+$4/mo · 1.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥90°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,267
• − Mortgage interest: −$16,799
• − Property taxes: −$4,639
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,421
• − Management: −$2,421
• − HOA: −$2,460
• − Depreciation: −$8,724
• Taxable loss: −$8,698
• Est. tax savings @ 24.0%: +$2,087
• After-tax cash flow: $-1,473/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 — Wallenpaupack Lake Estates

• Score: 68/100
• State rank: #896
• US rank: #9541

Category grades

Amenities F Commute F Cost of living A+ 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: Wallenpaupack Lake Estates, PA
• Population (ZIP): 13,225

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 47,924 people
• By 2030: 46,191 · -3.6%
• By 2040: 42,815 · -10.7%
• By 2050: 39,873 · -16.8%
• By 2075: 34,556 · -27.9%
• By 2100: 28,358 · -40.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 9% Scotch-Irish 2% Iranian 2%
• Foreign-born: 4%
• Languages at home: 95% English-only · French/Haitian/Cajun 2% Russian/Polish/Slavic 1% Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Solid R (+37.1) · D 31.1% · R 68.2%
• 2008→2024 swing: -24.8pp toward R · 2008: -12.3pp · 2024: -37.1pp
• All cycles: 2024: R+37.1 2020: R+33.6 2016: R+39.7 2012: R+20.9 2008: R+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 47.95%
• Current HPI: 331.9645
• 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

+1124.1% since first listed

8 events — show timeline

• 2026-05-06 Pending — PWMLS
• 2026-04-30 Price Changed $299,900 PWMLS
• 2026-04-01 Listed $339,900 PWMLS
• 2009-10-06 Sold (Public Records) $160,500 Public Records
• 2001-09-10 Sold (Public Records) $118,000 Public Records
• 1999-06-24 Sold (Public Records) $82,000 Public Records
• 1998-02-17 Sold (Public Records) $56,000 Public Records
• 1987-02-13 Sold (Public Records) $24,500 Public Records

Property tax history

+4.1%/yr

Latest (2026): $4,639 · +2.3% YoY. Source: county tax records.