1004 Canoochee Ct · Wallenpaupack Lake Estates, PA 18436

$219,900

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 2 Days on market

Built 1975 0.29 ac lot Est $250k · 12% under $205/mo HOA · 12% 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).

• ARV discount +12.9/15.0
• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks MLS

Enjoy this cute & cozy 2 Bedroom 1 Bath mountain bungalow on a corner lot within Lake Wallenpaupack Estates. Wind down & relax w/ a perfect fireplace or enjoy playing a fun game of pool. Perfect for a vacation home or reside all year long. Enjoy all the amenities WLE has to offer. WLE is a year round, Pocono community w/ rights to Lake, indoor/outdoor pools, security, clubhouse and so much more!

Key facts

• Premium corner lot
• Exercise facilities
• Full lake rights

Tags

• PREMIUM CORNER LOT
• FULL LAKE RIGHTS
• INDOOR AND OUTDOOR POOLS
• EXERCISE FACILITIES
• SPORTS COMPLEXES
• FISHING

Property features AI

Finance

• Other: Located on a corner lot with private road frontage and private maintained road
• HOA & community: Part of Wallenpaupack Lake Estates homeowners association; Annual association fee (annual): $2,464; One-time association fee: $2,000; Estimated monthly equivalent of association fee: $205.33; Association covers security, water, trash, and sewer; Community amenities include pool(s), clubhouse, tennis courts, playground, park, lake access, fitness center, fishing, basketball court, sport court, spa/hot tub, recreation room, party room, game room, day care, cabana, beach rights/access, picnic area, powered boats allowed

Exterior

• Security: 24-hour security
• Utilities: 200+ amp electric service; Private sewer
• Home design: Single family residence; One story
• Construction: Asphalt roof
• Exterior features: Wrap-around deck; Storage; Shed(s)

Interior

• Kitchen: Electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: 2 total rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Electric heating; Propane stove; Ceiling fan(s) for cooling
• Interior features: Cathedral ceilings; Open floor plan; Crawl space basement
• Laundry & utility: Laundry room; Washer/Dryer included; Dehumidifier

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-214 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $182k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (21.2% below list).
• Recommended offer: $173k (21.2% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 2.5% 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: amenities F, commute F, health & safety 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 North Intrmd Sch (math 36% / reading 59%, grade D, #733 of 1,518 statewide, top 48%, 471 students, 63% 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 61% FRL vs 44% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 341 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 $24k of equity ($2k loan paydown + $22k 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.
• By year 2, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 3y ago 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 $180k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $173,253 (21.2% 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. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.79% ✗
• Cap rate: 5.12%
• Cash-on-cash: -4.17%
• DSCR: 0.81
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $249,696
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 Canoochee Ct	0.00mi	2/1.0	864 (0%)	0mo	$221,000	$256	100
1127 Lakeland Dr	0.09mi	3/1.0 (+1)	901 (+4%)	7mo	$260,000	$289	78
1046 Tomahawk Rd	0.25mi	3/1.0 (+1)	840 (-3%)	13mo	$200,000	$238	68
1163 Beaver Lake Dr	0.57mi	2/1.0	850 (-2%)	10mo	$254,000	$299	62
1011 Oak Ter	0.48mi	2/1.0	912 (+6%)	22mo	$269,000	$295	50

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: 21.3%
• Equity multiple: 2.72×
• Total profit: $106,197
• Equity at exit: $198,103

10-year hold

• IRR: 19.3%
• Equity multiple: 6.26×
• Total profit: $323,581
• Equity at exit: $427,217

Cash invested: $61,572 (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: 341
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,733 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$133 /mo · $1,595/yr
• Insurance: −$92
• HOA: −$205
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $-214

Break-even live

Break-even rent $2,003

Max offer price $182,092

Occupancy floor —

Sensitivity live

Price	-10% $-90	-5% $-152	+0% $-214	+5% $-276	+10% $-339
Rent	-10% $-351	-5% $-282	+0% $-214	+5% $-146	+10% $-77
Rate	-1.0pp $-103	-0.5pp $-158	base $-214	+0.5pp $-271	+1.0pp $-329

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

HOA detail

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

Listing history 2 events

1. 2026-06-01
   status $219,900 Pending 2 DOM
2. 2026-05-31
   days on market $219,900 Active 2 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: $1,595 · $133/mo
• Projected year-2 tax: $2,535 · $211/mo
• Expected delta: +$940/yr (+$78/mo · 58.9%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 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: $20,790
• − Mortgage interest: −$12,318
• − Property taxes: −$1,595
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,663
• − Management: −$1,663
• − HOA: −$2,460
• − Depreciation: −$6,397
• Taxable loss: −$6,406
• Est. tax savings @ 24.0%: +$1,537
• After-tax cash flow: $-1,031/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 — 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

+307.2% since first listed

15 events — show timeline

• 2026-05-29 Listed $219,900 PWMLS
• 2023-10-05 Sold (Public Records) $179,900 Public Records
• 2023-09-16 Sold (MLS) $179,900 PWMLS
• 2023-09-15 Sold (MLS) $179,900 PWMLS
• 2023-08-22 Pending — PWMLS
• 2023-08-15 Relisted — PWMLS
• 2023-08-14 Delisted — PWMLS
• 2023-08-12 Listed $179,900 PWMLS
• 2023-08-12 Listed $179,900 PWMLS
• 2023-04-23 Relisted — PWMLS
• 2023-04-04 Pending — PWMLS
• 2023-02-26 Listed $179,900 PWMLS
• 1999-12-03 Sold (Public Records) $50,000 Public Records
• 1998-01-05 Sold (Public Records) $31,147 Public Records
• 1994-09-16 Sold (Public Records) $54,000 Public Records

Property tax history

+0.8%/yr

Latest (2026): $1,595 · +2.3% YoY. Source: county tax records.