1051 Harmony Dr Unit Single Family Home · Wallenpaupack Lake Estates, PA 18436

$250,000

4 bd · 2.0 ba · 1,225 sqft · SingleFamily · 14 Days on market

Built 1976 Good condition 0.29 ac lot Est $268k · 7% 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).

• Cash flow +15.0/30.0
• ARV discount +10.6/15.0
• Appreciation +10.0/10.0
• 1% rule +5.2/10.0
• DSCR +4.6/10.0
• Schools +4.2/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0

Listing remarks

* * Live Where Every Day Feels Like a Getaway! * * This charming 4-bedroom bi-level home offers the perfect blend of comfort and recreation. Featuring beautiful hardwood floors, a newer roof, and a 1-car garage, the home is move-in ready and designed for easy living. Beyond the home itself, the real excitement is the lifestyle. Enjoy rights to Lake Wallenpaupack and take advantage of the community's incredible amenities, including a swimming pool, private lakes, a dog park, and campgrounds. Spend your summers boating, fishing, swimming, and making memories with family and friends. Take evening walks through the neighborhood, enjoy weekends by the water, or gather around a campfire just mi

Key facts

• Dog park
• Community amenities
• Swimming pool

Tags

• LAKE WALLENPAUPACK RIGHTS
• COMMUNITY AMENITIES
• SWIMMING POOL
• PRIVATE LAKES
• DOG PARK
• CAMPGROUNDS

Property features AI

Finance

• Other: Located in the Wallenpaupack Lake Estates subdivision; Directions available: enter via Goosepond Rd to main entrance, turn right onto Marina, left onto Harmony Dr
• HOA & community: Part of a homeowners association; Quarterly HOA fee; HOA covers security, water, trash, snow removal, and sewer; Community amenities include clubhouse, pool, playground, dog park, game room, tennis courts, and lake access

Exterior

• Parking: Driveway; Detached garage (1 car)
• Security: 24-hour security
• Utilities: 200+ amp electric service; Public sewer
• Home design: Single family house; Two levels; Residential zoning
• Construction: Aluminum siding; Asphalt roof; Above-grade and below-grade finished living areas
• Exterior features: Deck; Back yard; Access to Lake Wallenpaupack; Paved private road (private maintained road)

Interior

• Kitchen: Dishwasher; Refrigerator; Electric oven
• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Flooring: Ceramic tile; Vinyl; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Hot water heating; Electric heating; Ceiling fan cooling
• Interior features: Ceiling fans; Laminate countertops; Finished basement (full, partially finished)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in basement; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $79 ($942/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Cap rate 6.7% 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 $27k of equity ($2k loan paydown + $25k 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $250,000

Questions for the listing agent

1. Built in 1976 — 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. 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?
5. 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.
6. 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.
7. 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: 1.02% ✓
• Cap rate: 6.67%
• Cash-on-cash: 1.35%
• DSCR: 1.06
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $268,275
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1040 Rainbow Dr	0.17mi	3/2.0 (-1)	1,281 (+5%)	12mo	$276,000	$215	70
1134 Red Hawk Dr	0.15mi	3/2.0 (-1)	1,190 (-3%)	20mo	$265,000	$223	66
1028 Arrowhead Ct	0.59mi	3/2.0 (-1)	1,240 (+1%)	12mo	$300,000	$242	56
1109 Wallenpaupack Dr	0.21mi	3/2.0 (-1)	1,408 (+15%)	6mo	$250,000	$178	55
1068 Indian Dr	0.71mi	3/2.0 (-1)	1,278 (+4%)	2mo	$280,000	$219	53
1036 Lakeland Dr	0.71mi	3/2.0 (-1)	1,265 (+3%)	18mo	$299,000	$236	41
1074 Aquarius Dr	0.55mi	3/2.0 (-1)	1,304 (+6%)	23mo	$575,000	$441	39
1023 Tomahawk Rd	0.67mi	3/1.0 (-1)	1,320 (+8%)	19mo	$185,000	$140	31
1011 Hidden Valley Ct	0.74mi	3/1.0 (-1)	1,066 (-13%)	7mo	$140,000	$131	29

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: 25.3%
• Equity multiple: 3.02×
• Total profit: $141,321
• Equity at exit: $225,220

10-year hold

• IRR: 22.3%
• Equity multiple: 6.89×
• Total profit: $412,562
• Equity at exit: $485,695

Cash invested: $70,000 (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: 8.2×

Monthly cashflow live

• Estimated rent: $2,546 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$205
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $79

Break-even live

Break-even rent $2,446

Max offer price $250,000

Occupancy floor 92%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

HOA detail

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

Listing history 10 events

1. 2026-06-18
   days on market $250,000 Active 14 DOM
2. 2026-06-17
   days on market $250,000 Active 13 DOM
3. 2026-06-16
   days on market $250,000 Active 12 DOM
4. 2026-06-15
   days on market $250,000 Active 11 DOM
5. 2026-06-13
   days on market $250,000 Active 9 DOM
6. 2026-06-13
   days on market $250,000 Active 8 DOM
7. 2026-06-09
   days on market $250,000 Active 5 DOM
8. 2026-06-08
   days on market $250,000 Active 4 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $250,000 Active 3 DOM

ⓘ 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 2/10 Low 7 d/yr ≥90°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,550
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,444
• − Management: −$2,444
• − HOA: −$2,460
• − Depreciation: −$7,273
• Taxable loss: −$3,075
• Est. tax savings @ 24.0%: +$738
• After-tax cash flow: $1,680/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This charming bi-level home is move-in ready with a newer roof and hardwood floors. It offers a good condition with minor cosmetic updates needed for optimal resale and rental value.

Value-add opportunities

• Resale paint exterior — enhances curb appeal
• Both replace deck boards — improves safety and appearance

Renovation cost estimate screening

Value-add ROI direction

• Resale paint exterior — enhances curb appeal ↑
• Both replace deck boards — improves safety and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2026-06-05 Listed $250,000 PWMLS