1014 Silver Lake Rd Unit Camp 19 C 532 · Hemlock Farms, PA 18328

$84,900

1 bd · None ba · 500 sqft · SingleFamily · 41 Days on market

Built 1950 Good condition $170/sqft · 21% above area Est $70k · 21% over

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks

Welcome to CAMP FIVE OAKS in the Delaware State Forest! This recently remodeled PA STATE CABIN in the woods features a wide open floor plan, stone fireplace with a wood stove, kitchen area with propane oven / stove, refrigerator and sink, electric heating and a bedroom. Outside features include a covered front porch, outhouse and storage under the cabin. Great location in the PA State Forest, close to Little Mud Pond, Saw Creek snowmobile and ATV Trails and much more. Being sold fully furnished so you can move right and enjoy cabin living in the forest where you can fish, hunt and more right away! Must be a PA Resident to Purchase Cabin. Cash Only. Sold as is. REALTOR Owned.

Key facts

• Covered front porch
• Stone fireplace
• Fully furnished

Tags

• REMODELED PA STATE CABIN
• STONE FIREPLACE
• COVERED FRONT PORCH
• STORAGE UNDER THE CABIN
• FULLY FURNISHED

Property features AI

Exterior

• Parking: Circular driveway
• Utilities: Electricity connected; No water source listed; Sewer: other/unspecified
• Home design: Cabin; One level; Updated / remodeled; Entry via front porch
• Construction: Stone foundation; Cabin construction
• Exterior features: Covered front porch; Circular driveway; Publicly maintained road access; Has a view; Other outdoor structure(s)

Interior

• Kitchen: Gas cooktop; Gas oven; Refrigerator
• Bedrooms: 2 rooms total
• Flooring: Carpet; Wood
• Heating & cooling: Baseboard heating; Electric heating
• Interior features: Open floorplan; Vaulted ceilings; Wood-burning fireplace in the great room (masonry) with wood stove

What this means for you Summary

Snapshot

• This is a 1-bed/?-bath single-family listed at $85k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $417 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 7.1% in Hemlock Farms — 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 (#884 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: schools C-, amenities F, commute F.
• East Stroudsburg Area SD (rural): math 25% / reading 43% proficiency, ranked #413 of 539 in PA (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 211 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 $9k of equity ($587 loan paydown + $8k 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 $24k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,353 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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.
5. 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.
6. 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: 1.50% ✓
• Cap rate: 12.18%
• Cash-on-cash: 21.04%
• DSCR: 1.94
• GRM: 5.6

CMA / ARV

• ARV (median comp): $70,372
• List price: $84,900
• Delta: 20.64%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 40.0%
• Equity multiple: 4.06×
• Total profit: $72,802
• Equity at exit: $76,485

10-year hold

• IRR: 34.5%
• Equity multiple: 9.14×
• Total profit: $193,555
• Equity at exit: $164,942

Cash invested: $23,772 (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 18328

• Home prices YoY: 18.1%
• Active inventory: 211
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,270 medium
• Mortgage (P&I): −$445
• Tax est. 1.5%: −$106 /mo · $1,274/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $417

Break-even live

Break-even rent $743

Max offer price $84,900

Occupancy floor 62%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $84,900 Active 41 DOM
2. 2026-06-18
   days on market $84,900 Active 40 DOM
3. 2026-06-17
   days on market $84,900 Active 39 DOM
4. 2026-06-16
   days on market $84,900 Active 38 DOM
5. 2026-06-15
   days on market $84,900 Active 37 DOM
6. 2026-06-14
   days on market $84,900 Active 35 DOM
7. 2026-06-13
   days on market $84,900 Active 34 DOM
8. 2026-06-10
   days on market $84,900 Active 32 DOM
9. 2026-06-09
   days on market $84,900 Active 31 DOM
10. 2026-06-08
    days on market $84,900 Active 30 DOM
11. 2026-06-07
    days on market $84,900 Active 29 DOM
12. 2026-06-05
    days on market $84,900 Active 26 DOM
13. 2026-06-02
    days on market $84,900 Active 24 DOM
14. 2026-06-01
    days on market $84,900 Active 23 DOM
15. 2026-05-31
    days on market $84,900 Active 22 DOM
16. 2026-05-30
    days on market $84,900 Active 21 DOM
17. 2026-05-09
    listed $84,900 Active 685-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $15,243
• − Mortgage interest: −$4,756
• − Property taxes: −$1,274
• − Insurance: −$424
• − Repairs & maintenance: −$1,219
• − Management: −$1,219
• − Depreciation: −$2,470
• Taxable income: $3,881
• Est. tax owed @ 24.0%: −$931
• After-tax cash flow: $4,070/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 recently remodeled cabin in the woods is in good condition with a wide open floor plan, stone fireplace, and a covered porch. It offers a great location in the PA State Forest with access to various trails and outdoor activities.

Value-add opportunities

• Resale Paint the exterior siding — Enhances curb appeal and property value
• Both Replace the outhouse — Improves functionality and aesthetics
• Both Add a small shed or storage unit — Provides additional storage and enhances curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Enhances curb appeal and property value ↑
• Both Replace the outhouse — Improves functionality and aesthetics ↑
• Both Add a small shed or storage unit — Provides additional storage and enhances curb appeal ↑

ⓘ 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: East Stroudsburg Area SD
• NCES district ID: 4208670
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 43% ▼ -18.00%
• Median HH income: $57,142
• Composite: 30.13/100
• National rank: #6332
• State rank: #413 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

• Population (ZIP): 8,061

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 10% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Scotch-Irish 6% Romanian 6% Iranian 4%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 6% Russian/Polish/Slavic 5% Other Indo-European 2%

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: ▲ 38.13%
• Current HPI: 248.4494
• 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

• 2026-05-09 Listed $84,900 PWMLS