131 Maple Ridge Dr · Hemlock Farms, PA 18428

$284,000

3 bd · 1.5 ba · 936 sqft · SingleFamily public records · 237 Days on market

Built 1977 0.47 ac lot $303/sqft · 40% above area Est $203k · 40% over $243/mo HOA · 10% of rent

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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 +11.9/30.0
• Appreciation +10.0/10.0
• Schools +4.2/10.0
• 1% rule +3.8/10.0
• DSCR +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

A-Frame home in the Poconos that has been updated and cared for and it shows upon entry into the welcoming and cozy living area, a bonus foyer area, beautifully updated kitchen with a gas cooktop! Centrally located in the community and on a level wooded lot, this house is a perfect find if you're looking for an escape OR full time residence OR to continue ownership as a landlord. Hemlock Farms offers countless memory-making opportunities all year long- with four lakes, eight ponds, hiking, basketball, tennis and pickleball courts, on site EMT, fire department, dog park, a state of the playground and new outdoor pavilion!

Key facts

• Four lakes
• Level wooded lot
• Updated kitchen

Tags

• A-FRAME HOME
• UPDATED KITCHEN
• LEVEL WOODED LOT
• FOUR LAKES
• EIGHT PONDS
• HIKING

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $284k.

Deal economics

• At list price, monthly cash flow is $-74 ($-887/yr) — negative.
• To cash-flow at today's rent, offer at most $271k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (12.0% below list).
• Recommended offer: $250k (12.0% 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: 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: 378 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 $30k of equity ($2k loan paydown + $28k 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 $80k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$49k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 237 days — a 12% lower offer ($250k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask is 13424% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $105k; list at $284k implies a 170% gain — meaningful room to come down on a strong offer.

Recommended offer $249,920 (12.0% 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 237 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — 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: 0.88% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.12%
• DSCR: 0.95
• GRM: 9.5

CMA / ARV

• ARV (median comp): $202,548
• List price: $284,000
• Delta: 40.21%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Farrier Ln	0.17mi	2/1.5 (-1)	1,016 (+8%)	10mo	$200,000	$197	65
121 Maple Ridge Dr	0.10mi	3/1.0	1,024 (+9%)	17mo	$150,000	$146	64
118 Appaloosa Dr	0.40mi	3/2.0	1,056 (+13%)	11mo	$280,000	$265	49
125 Rodeo Dr	0.51mi	2/1.0 (-1)	966 (+3%)	23mo	$190,000	$197	45

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: 23.5%
• Equity multiple: 2.89×
• Total profit: $150,057
• Equity at exit: $255,850

10-year hold

• IRR: 20.9%
• Equity multiple: 6.61×
• Total profit: $445,776
• Equity at exit: $551,750

Cash invested: $79,520 (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: 378
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,489
• Tax from tax record: −$198 /mo · $2,379/yr
• Insurance: −$118
• HOA: −$243
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $-74

Break-even live

Break-even rent $2,594

Max offer price $270,944

Occupancy floor 98%

Sensitivity live

Price	-10% $87	-5% $6	+0% $-74	+5% $-154	+10% $-235
Rent	-10% $-271	-5% $-173	+0% $-74	+5% $25	+10% $124
Rate	-1.0pp $69	-0.5pp $-2	base $-74	+0.5pp $-148	+1.0pp $-222

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: $71,000
• Closing costs: $8,520
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
811 Hickory Ct Hawley, PA	3.0	2.0	1100	$2,500	$2.27	0d	1	1.41mi

HOA detail

• Monthly dues: $243 · $2,916/yr
• Likely covers: gas

Listing history 10 events

1. 2026-05-31
   days on market $284,000 Active 237 DOM
2. 2026-05-05
   historical $2,100
3. 2026-04-13
   status Active 629-char remark

   Show marketing remark (629 chars)

   A-Frame home in the Poconos that has been updated and cared for and it shows upon entry into the welcoming and cozy living area, a bonus foyer area, beautifully updated kitchen with a gas cooktop! Centrally located in the community and on a level wooded lot, this house is a perfect find if you're looking for an escape OR full time residence OR to continue ownership as a landlord. Hemlock Farms offers countless memory-making opportunities all year long- with four lakes, eight ponds, hiking, basketball, tennis and pickleball courts, on site EMT, fire department, dog park, a state of the playground and new outdoor pavilion!

4. 2026-04-13
   price $284,000 629-char remark

   Show marketing remark (629 chars)

   A-Frame home in the Poconos that has been updated and cared for and it shows upon entry into the welcoming and cozy living area, a bonus foyer area, beautifully updated kitchen with a gas cooktop! Centrally located in the community and on a level wooded lot, this house is a perfect find if you're looking for an escape OR full time residence OR to continue ownership as a landlord. Hemlock Farms offers countless memory-making opportunities all year long- with four lakes, eight ponds, hiking, basketball, tennis and pickleball courts, on site EMT, fire department, dog park, a state of the playground and new outdoor pavilion!

5. 2026-03-09
   listed $2,100
6. 2025-09-24
   listed $289,000 Active 629-char remark

   Show marketing remark (629 chars)

   A-Frame home in the Poconos that has been updated and cared for and it shows upon entry into the welcoming and cozy living area, a bonus foyer area, beautifully updated kitchen with a gas cooktop! Centrally located in the community and on a level wooded lot, this house is a perfect find if you're looking for an escape OR full time residence OR to continue ownership as a landlord. Hemlock Farms offers countless memory-making opportunities all year long- with four lakes, eight ponds, hiking, basketball, tennis and pickleball courts, on site EMT, fire department, dog park, a state of the playground and new outdoor pavilion!

7. 2018-08-30
   soldstatus $105,000
8. 2018-08-24
   soldstatus $105,000 609-char remark

   Show marketing remark (609 chars)

   Adorable and affordable county Chalet in amenity filled Hemlock Farms. This 3 Bedroom 1.5 bath home is perfect for a small family, or a perfect vacation home in mountains. Features hardwood flooring, cozy living room with fireplace, spacious deck to enjoy on those sunny days. Off the kitchen is a very inviting screened in room for extra living space. Another fantastic feature is a completely maintenance free yard, complete with storage shed! This little beauty won't last long!, Beds Description: 2+BED 2nd, Beds Description: 1Bed1st, Baths: 1 Bath Level 1, Baths: 1/2 Bath Lev L, Eating Area: Dining Area

9. 2017-11-14
   listed $110,000 609-char remark

   Show marketing remark (609 chars)

   Adorable and affordable county Chalet in amenity filled Hemlock Farms. This 3 Bedroom 1.5 bath home is perfect for a small family, or a perfect vacation home in mountains. Features hardwood flooring, cozy living room with fireplace, spacious deck to enjoy on those sunny days. Off the kitchen is a very inviting screened in room for extra living space. Another fantastic feature is a completely maintenance free yard, complete with storage shed! This little beauty won't last long!, Beds Description: 2+BED 2nd, Beds Description: 1Bed1st, Baths: 1 Bath Level 1, Baths: 1/2 Bath Lev L, Eating Area: Dining Area

10. 1999-09-23
    soldstatus $58,000

ⓘ 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: $2,379 · $198/mo
• Projected year-2 tax: $3,433 · $286/mo
• Expected delta: +$1,054/yr (+$88/mo · 44.3%)

ⓘ 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 ≥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: $30,000
• − Mortgage interest: −$15,908
• − Property taxes: −$2,379
• − Insurance: −$1,420
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − HOA: −$2,916
• − Depreciation: −$8,262
• Taxable loss: −$5,685
• Est. tax savings @ 24.0%: +$1,364
• After-tax cash flow: $478/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

-96.4% since first listed

9 events — show timeline

• 2026-05-05 Rental Removed $2,100 PWMLS
• 2026-04-13 Relisted — PWMLS
• 2026-04-13 Price Changed $284,000 PWMLS
• 2026-03-09 Listed for Rent $2,100 PWMLS
• 2025-09-24 Listed $289,000 PWMLS
• 2018-08-30 Sold (Public Records) $105,000 Public Records
• 2018-08-24 Sold (MLS) $105,000 PWMLS
• 2017-11-14 Listed $110,000 PWMLS
• 1999-09-23 Sold (Public Records) $58,000 Public Records

Property tax history

+2.8%/yr

Latest (2026): $2,379 · +3.0% YoY. Source: county tax records.