124 Fawn Lake Dr · Fawn Lake Forest, PA 18428

$329,999

2 bd · 1.5 ba · 816 sqft · SingleFamily public records · 7 Days on market

Built 1985 0.51 ac lot $156/mo HOA · 9% of rent

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Why this score? — see what drove the F 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).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Cash flow +4.8/30.0
• Schools +4.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.3/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Nestled in the serene natural surroundings of Fawn Lake Forest, 124 Fawn Lake Drive offers a unique investment opportunity to create a truly refined retreat. This 2-bedroom, 1-bath residence presents a rare chance to transform a property in one of Pike County's most amenity-rich communities. From vision to execution, this home is a blank canvas awaiting a discerning eye. Just minutes from the year-round lifestyle destination of Masthope and part of the Wallenpaupack School District, the home sits within a prestigious community known for lake access, indoor and outdoor pools, a well-appointed clubhouse, fitness facilities, and a variety of sports courts. Whether you're planning a full renovation or seeking your next upscale project, the location sets the stage for high return potential. For developers, investors, or homeowners with a vision for excellence, this fixer-upper promises both location and long-term value. Bring your creativity to this rare opportunity and reimagine what 124 Fawn Lake Drive can become. The future begins here. Call TODAY!

Key facts

• All new windows
• All new doors
• All new flooring

Tags

• FAWN LAKE FOREST COMMUNITY
• NEW FRONT AND REAR DECKS
• ALL NEW WINDOWS
• ALL NEW DOORS
• ALL NEW FLOORING
• REDESIGNED KITCHEN

Property features AI

Finance

• Other: Located in the Fawn Lake community
• HOA & community: Part of a homeowners association; Annual association fee; Community amenities include clubhouse, indoor pool, outdoor pool, tennis courts, basketball court, picnic area, game room, game court, beach rights, ski access, and powered boats allowed

Exterior

• Parking: Driveway
• Utilities: Public water; Septic tank
• Home design: Single family residence; Two levels
• Construction: Above-grade and below-grade finished living areas (both levels finished)
• Exterior features: Deck; Front porch; Front yard with some trees; Private maintained road

Interior

• Kitchen: Electric oven; Refrigerator; Microwave
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Electric heating; Fireplace insert; Ceiling fan(s)
• Interior features: Kitchen island; Stone counters; Finished full basement with walk-up/walk-out access and bath rough-in; Fireplace (1)
• Laundry & utility: Laundry room and laundry closet on lower level

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $-803 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (43.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (46.6% below list).
• Recommended offer: $176k (46.6% below list) — sets the bar for 1% rule.
• Cap rate 3.4% vs local median 4.8% in Fawn Lake Forest — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 61/100 on livability (#1,395 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime 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: 371 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 $35k of equity ($2k loan paydown + $33k 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.
• By year 2, paydown + projected appreciation supports a ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $115k; list at $330k implies a 187% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,344 (46.6% 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. 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. 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?
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: 0.53% ✗
• Cap rate: 3.37%
• Cash-on-cash: -10.42%
• DSCR: 0.54
• GRM: 15.6

CMA / ARV

• ARV (on-the-fly): $127,296
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
124 Fawn Lake Dr	0.00mi	2/1.0	892 (+9%)	12mo	$115,000	$129	72
219 Forest Ridge Dr	0.59mi	2/1.0	724 (-11%)	15mo	$142,500	$197	39
239 Forest Ridge Dr	0.59mi	3/1.5 (+1)	900 (+10%)	16mo	$140,000	$156	36
143 Deer	0.70mi	3/1.0 (+1)	700 (-14%)	1mo	$85,000	$121	35

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: 17.0%
• Equity multiple: 2.39×
• Total profit: $128,583
• Equity at exit: $297,289

10-year hold

• IRR: 16.1%
• Equity multiple: 5.53×
• Total profit: $418,804
• Equity at exit: $641,115

Cash invested: $92,400 (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: 371
• Price-to-rent: 15.6×

Monthly cashflow live

• Estimated rent: $1,763 medium
• Mortgage (P&I): −$1,731
• Tax from tax record: −$172 /mo · $2,060/yr
• Insurance: −$137
• HOA: −$156
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $-803

Break-even live

Break-even rent $2,779

Max offer price $188,218

Occupancy floor —

Sensitivity live

Price	-10% $-616	-5% $-709	+0% $-803	+5% $-896	+10% $-989
Rent	-10% $-942	-5% $-872	+0% $-803	+5% $-733	+10% $-663
Rate	-1.0pp $-636	-0.5pp $-719	base $-803	+0.5pp $-888	+1.0pp $-975

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $156 · $1,872/yr
• Likely covers: pool

Listing history 6 events

1. 2026-05-22
   listed $329,999 Active
2. 2025-06-13
   soldstatus $115,000
3. 2025-06-10
   soldstatus $115,000 Closed 1062-char remark

   Show marketing remark (1062 chars)

   Nestled in the serene natural surroundings of Fawn Lake Forest, 124 Fawn Lake Drive offers a unique investment opportunity to create a truly refined retreat. This 2-bedroom, 1-bath residence presents a rare chance to transform a property in one of Pike County's most amenity-rich communities. From vision to execution, this home is a blank canvas awaiting a discerning eye. Just minutes from the year-round lifestyle destination of Masthope and part of the Wallenpaupack School District, the home sits within a prestigious community known for lake access, indoor and outdoor pools, a well-appointed clubhouse, fitness facilities, and a variety of sports courts. Whether you're planning a full renovation or seeking your next upscale project, the location sets the stage for high return potential. For developers, investors, or homeowners with a vision for excellence, this fixer-upper promises both location and long-term value. Bring your creativity to this rare opportunity and reimagine what 124 Fawn Lake Drive can become. The future begins here. Call TODAY!

4. 2025-05-06
   status Pending 1062-char remark

   Show marketing remark (1062 chars)

   Nestled in the serene natural surroundings of Fawn Lake Forest, 124 Fawn Lake Drive offers a unique investment opportunity to create a truly refined retreat. This 2-bedroom, 1-bath residence presents a rare chance to transform a property in one of Pike County's most amenity-rich communities. From vision to execution, this home is a blank canvas awaiting a discerning eye. Just minutes from the year-round lifestyle destination of Masthope and part of the Wallenpaupack School District, the home sits within a prestigious community known for lake access, indoor and outdoor pools, a well-appointed clubhouse, fitness facilities, and a variety of sports courts. Whether you're planning a full renovation or seeking your next upscale project, the location sets the stage for high return potential. For developers, investors, or homeowners with a vision for excellence, this fixer-upper promises both location and long-term value. Bring your creativity to this rare opportunity and reimagine what 124 Fawn Lake Drive can become. The future begins here. Call TODAY!

5. 2025-04-24
   price $145,000 1062-char remark

   Show marketing remark (1062 chars)

   Nestled in the serene natural surroundings of Fawn Lake Forest, 124 Fawn Lake Drive offers a unique investment opportunity to create a truly refined retreat. This 2-bedroom, 1-bath residence presents a rare chance to transform a property in one of Pike County's most amenity-rich communities. From vision to execution, this home is a blank canvas awaiting a discerning eye. Just minutes from the year-round lifestyle destination of Masthope and part of the Wallenpaupack School District, the home sits within a prestigious community known for lake access, indoor and outdoor pools, a well-appointed clubhouse, fitness facilities, and a variety of sports courts. Whether you're planning a full renovation or seeking your next upscale project, the location sets the stage for high return potential. For developers, investors, or homeowners with a vision for excellence, this fixer-upper promises both location and long-term value. Bring your creativity to this rare opportunity and reimagine what 124 Fawn Lake Drive can become. The future begins here. Call TODAY!

6. 2025-03-24
   listed $149,900 Active 1062-char remark

   Show marketing remark (1062 chars)

   Nestled in the serene natural surroundings of Fawn Lake Forest, 124 Fawn Lake Drive offers a unique investment opportunity to create a truly refined retreat. This 2-bedroom, 1-bath residence presents a rare chance to transform a property in one of Pike County's most amenity-rich communities. From vision to execution, this home is a blank canvas awaiting a discerning eye. Just minutes from the year-round lifestyle destination of Masthope and part of the Wallenpaupack School District, the home sits within a prestigious community known for lake access, indoor and outdoor pools, a well-appointed clubhouse, fitness facilities, and a variety of sports courts. Whether you're planning a full renovation or seeking your next upscale project, the location sets the stage for high return potential. For developers, investors, or homeowners with a vision for excellence, this fixer-upper promises both location and long-term value. Bring your creativity to this rare opportunity and reimagine what 124 Fawn Lake Drive can become. The future begins here. Call TODAY!

ⓘ 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: $2,060 · $172/mo
• Projected year-2 tax: $3,637 · $303/mo
• Expected delta: +$1,577/yr (+$131/mo · 76.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $21,161
• − Mortgage interest: −$18,485
• − Property taxes: −$2,060
• − Insurance: −$1,650
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − HOA: −$1,872
• − Depreciation: −$9,600
• Taxable loss: −$15,891
• Est. tax savings @ 24.0%: +$3,814
• After-tax cash flow: $-5,817/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 — Fawn Lake Forest

• Score: 61/100
• State rank: #1395
• US rank: #17626

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fawn Lake Forest, 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

+120.1% since first listed

6 events — show timeline

• 2026-05-22 Listed $329,999 PWMLS
• 2025-06-13 Sold (Public Records) $115,000 Public Records
• 2025-06-10 Sold (MLS) $115,000 PWMLS
• 2025-05-06 Pending — PWMLS
• 2025-04-24 Price Changed $145,000 PWMLS
• 2025-03-24 Listed $149,900 PWMLS

Property tax history

+1.2%/yr

Latest (2026): $2,060 · -11.5% YoY. Source: county tax records.