118 Elk St · East Stroudsburg, PA 18301

$175,000

2 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 7 Days on market

Built 1930 5,662 sqft lot Est $272k · 36% under

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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 +26.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +7.1/10.0
• Rent growth +5.0/5.0
• Livability +4.2/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Offer Accepted. No More Showings At This Time. Charming 1930s Bungalow Featuring 2 Bedrooms, 1 Bathroom, A Welcoming Covered Front Porch, And A Detached One-Car Garage With Off-Street Driveway Parking. Ideally Located On A Quiet Street Close To ESU, Shopping, Dining, Parks, Medical Facilities, And Everyday Conveniences. The Inviting Single-Level Floor Plan Offers Comfortable And Easy Living. Additional Highlights Include A Generously Sized, Mostly Finished Attic Complete With Electricity, Finished Walls, Original Wide-Plank Wood Flooring, And Windows At Both Ends--Providing Excellent Potential For Additional Living Space. A Large Unfinished Basement Offers Even More Opportunities For Future

Key facts

• Covered front porch
• Quiet street
• Close to esu

Tags

• COVERED FRONT PORCH
• DETACHED ONE-CAR GARAGE
• OFF-STREET DRIVEWAY PARKING
• QUIET STREET
• CLOSE TO ESU
• CLOSE TO SHOPPING

Property features AI

Exterior

• Parking: 4 total parking spaces; 1 covered garage space (tandem); 3 open parking spaces; Driveway
• Utilities: Public water; Public sewer; 100 Amp electric service
• Home design: Single-family house; Residential property
• Construction: Aluminum siding; Shingle roof; Concrete basement; Built as a house (year built not provided)
• Exterior features: Front covered porch; Back yard; Paved public road access

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Flooring: Carpet; Hardwood; Linoleum; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heat (oil-fired); Ceiling fan(s) for cooling
• Interior features: Pantry; Ceiling fans
• Laundry & utility: Washer; Dryer; Washer and electric dryer hookups in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $406 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 9.5% vs local median 3.6% in East Stroudsburg — 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 84/100 on livability (#108 in PA, #833 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• 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: Rents rising fast (+10.4%/yr); 196 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 278 units permitted in Monroe County in 2024 (52 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Monroe County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $50k; list at $175k implies a 250% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.21% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.29%
• DSCR: 1.50
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $271,872
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
182 State St	0.65mi	3/1.0 (+1)	1,100 (-4%)	4mo	$270,000	$245	54
79 Lenox Ave	0.51mi	2/1.0	1,008 (-12%)	4mo	$205,000	$203	52
277 Prospect St	0.25mi	3/1.0 (+1)	1,248 (+8%)	22mo	$303,500	$243	52
198 Meyers St	0.62mi	3/1.0 (+1)	1,194 (+4%)	11mo	$120,000	$101	51
126 E Broad St	0.58mi	3/1.0 (+1)	1,100 (-4%)	13mo	$295,700	$269	49
188 Spring St	0.65mi	3/2.0 (+1)	1,230 (+7%)	3mo	$300,000	$244	47
19 Park St	0.69mi	3/2.0 (+1)	1,187 (+3%)	11mo	$280,000	$236	45
211 E Broad St	0.63mi	2/1.5	1,011 (-12%)	6mo	$225,000	$223	43
198 Grove St	0.65mi	3/1.0 (+1)	1,008 (-12%)	7mo	$195,500	$194	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.18×
• Total profit: $8,769
• Equity at exit: $26,093

10-year hold

• IRR: 18.2%
• Equity multiple: 2.88×
• Total profit: $92,278
• Equity at exit: $15,131

Cash invested: $49,000 (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 18301

• Rents YoY: 10.4%
• Active inventory: 196
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,124 high
• Mortgage (P&I): −$918
• Tax from tax record: −$226 /mo · $2,717/yr
• Insurance: −$73
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $406

Break-even live

Break-even rent $1,611

Max offer price $175,000

Occupancy floor 76%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
175 Prospect St Unit 175-1 East Stroudsburg, PA	2.0	1.0	928	$2,000	$2.16	43d	1	0.04mi
175 Prospect St Unit 175-R East Stroudsburg, PA	3.0	2.0	1278	$2,500	$1.96	43d	1	0.04mi
111 Fairview St East Stroudsburg, PA	3.0	1.0	1400	$2,100	$1.50	43d	1	0.06mi
106 Ridgeway St East Stroudsburg, PA	3.0	2.0	1326	$2,400	$1.81	43d	1	0.10mi
296 Washington St Unit 3D East Stroudsburg, PA	1.0	1.0	700	$1,200	$1.71	43d	1	0.47mi
333 Greentree Dr East Stroudsburg, PA	2.0–3.0	1.5–2.5	1042	$2,047	$1.96	2d	4	0.63mi
115 E 5th St East Stroudsburg, PA	2.0	1.0	950	$1,795	$1.89	2d	1	1.29mi

Listing history 7 events

1. 2026-06-19
   days on market $175,000 Active 7 DOM
2. 2026-06-18
   days on market $175,000 Active 6 DOM
3. 2026-06-17
   days on market $175,000 Active 5 DOM
4. 2026-06-16
   days on market $175,000 Active 4 DOM
5. 2026-06-15
   days on market $175,000 Active 3 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $175,000 Active 1 DOM

ⓘ 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: $2,717 · $226/mo
• Projected year-2 tax: $2,741 · $228/mo
• Expected delta: +$24/yr (+$2/mo · 0.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% 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: $25,491
• − Mortgage interest: −$9,803
• − Property taxes: −$2,717
• − Insurance: −$1,542
• − Repairs & maintenance: −$2,039
• − Management: −$2,039
• − Depreciation: −$5,091
• Taxable income: $2,260
• Est. tax owed @ 24.0%: −$542
• After-tax cash flow: $4,324/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: 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 — East Stroudsburg

• Score: 84/100
• State rank: #108
• US rank: #833

Category grades

Amenities B- Commute A+ Cost of living A+ Crime B Employment C+ Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Stroudsburg, PA
• County: Monroe County · 59,057 people
• City population: 28,977
• Metro: East Stroudsburg, PA
• Population (ZIP): 28,977
• Household income: $90,522
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 672.0

Population outlook (Monroe County) Hauer SSP2

• Today (2025): 164,099 people
• By 2030: 161,412 · -1.6%
• By 2040: 154,616 · -5.8%
• By 2050: 146,710 · -10.6%
• By 2075: 140,830 · -14.2%
• By 2100: 138,472 · -15.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 53% Black 21% Hispanic / Latino 18% Two or more races 10% Asian 2%
• Hispanic origin (detail): Puerto Rican 8% Dominican 3%
• Common ancestry: Romanian 6% Lithuanian 3% Portuguese 1%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 82% English-only · Spanish 9% Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · Monroe

• 2024 margin: Toss-up / Even · D 49.1% · R 49.9%
• 2008→2024 swing: -17.1pp toward R · 2008: 16.3pp · 2024: -0.8pp
• All cycles: 2024: R+0.8 2020: D+6.4 2016: D+0.3 2012: D+14.0 2008: D+16.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.90%
• Current HPI: 154.4762
• Rent YoY: ▲ 10.44%
• Metro: East Stroudsburg, PA
• 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

+250.0% since first listed

2 events — show timeline

• 2026-06-11 Listed $175,000 PMAR
• 2016-10-12 Sold (Public Records) $50,000 Public Records

Property tax history

+0.0%/yr

Latest (2026): $2,717 · +3.6% YoY. Source: county tax records.