181 Granite Rd · Emerald Lakes, PA 18334

$410,000

4 bd · 3.0 ba · 1,982 sqft · SingleFamily public records · 4 Days on market

Built 1989 Est $353k · 16% over $107/mo HOA · 3% 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).

• Cash flow +9.3/30.0
• Appreciation +4.5/10.0
• Schools +4.0/10.0
• Livability +3.4/5.0
• DSCR +2.6/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.2/15.0

Listing remarks MLS

Stunning 4-bedroom, 3 full bath updated home in Emerald Lakes Community. This beautifully maintained home boasts a bright, open floor plain with a spacious family room. perfect for gatherings. The modern kitchen is fully updated, and the home features a large back yard, ideal for outdoor fun. Emerald Lakes features 4 lakes, beaches, indoor and outdoor pools. Location is close to Kalahari Water Park, Camelback, Outlets and many more attractions. Both Emerald Lakes and Tobyhanna Township are STR friendly. Check to see that they meet your needs.

Key facts

• Large back yard
• Close to camelback
• Modern kitchen

Tags

• EMERALD LAKES COMMUNITY
• MODERN KITCHEN
• LARGE BACK YARD
• INDOOR AND OUTDOOR POOLS
• CLOSE TO KALAHARI WATER PARK
• CLOSE TO CAMELBACK

Property features AI

Finance

• Other: Association fee covers trash and road maintenance
• Financial info: HOA fee assessed annually
• HOA & community: HOA amenities include dog park, basketball courts, bar/lounge, game room, tennis courts, security, indoor and outdoor pools; HOA fee paid annually

Exterior

• Parking: Four total garage/parking spaces; Driveway with four spaces; Off-site parking available
• Security: Community security (via HOA amenities)
• Utilities: Well water; On-site septic; Electric power
• Home design: Detached property; Fiberglass roof; Construction includes block and T-1-11 materials; Above-grade finished area and finished/unfinished below-grade space
• Construction: Block and T-1-11 construction; Fiberglass roof; Poured concrete foundation
• Exterior features: Community pool; Level-entry main access; Lot approximately 100 x 200; Paved road; road maintenance agreement

Interior

• Kitchen: Electric range/oven; Refrigerator; Dishwasher; Microwave; Stainless steel appliances
• Bedrooms: Two bedrooms on the main level; Two bedrooms on the first upper level
• Flooring: Carpet; Laminate; Tile/brick
• Bathrooms: Three full bathrooms (one on main level, two on first upper level)
• Heating & cooling: Electric heating; Ceiling fans for cooling; Electric hot water
• Interior features: Kitchen island; Eat-in kitchen; Recessed lighting; Fireplace (1)
• Laundry & utility: Washer; Dryer; Full basement (partially finished) with sump pump and drainage system

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $410k.

Deal economics

• At list price, monthly cash flow is $-299 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $357k (12.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $308k (25.0% below list).
• Recommended offer: $308k (25.0% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 4.0% in Emerald Lakes — 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 67/100 on livability (#974 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, schools D-, amenities F.
• Pocono Mountain SD (rural): math 37% / reading 55% proficiency, ranked #245 of 539 in PA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 107 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 278 units permitted in Monroe County in 2024 (52 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.9%/yr); year-one equity from $3k of loan paydown is wiped out by about $4k 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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 12y 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 $135k; list at $410k implies a 204% gain — meaningful room to come down on a strong offer.

Recommended offer $307,532 (25.0% 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: 0.75% ✗
• Cap rate: 5.42%
• Cash-on-cash: -3.12%
• DSCR: 0.86
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $352,796
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1591 Clover Rd	0.31mi	4/2.0	1,938 (-2%)	4mo	$332,500	$172	75
144 Overland Dr	0.21mi	4/2.5	1,884 (-5%)	7mo	$334,800	$178	74
1648 Clover Rd	0.47mi	4/2.5	2,016 (+2%)	17mo	$400,000	$198	59
130 Granite Rd Rd	0.25mi	3/2.0 (-1)	1,764 (-11%)	3mo	$330,000	$187	58
195 Williams Ln	0.38mi	3/2.0 (-1)	1,847 (-7%)	4mo	$262,500	$142	58
265 Cedar Dr	0.44mi	5/2.5 (+1)	2,237 (+13%)	1mo	$610,000	$273	50
289 Overland Dr	0.43mi	3/2.0 (-1)	1,902 (-4%)	17mo	$421,000	$221	50
255 Cedar Dr	0.47mi	3/2.0 (-1)	1,828 (-8%)	7mo	$765,000	$418	50
400 Clearview Dr	0.31mi	3/1.5 (-1)	1,721 (-13%)	4mo	$264,900	$154	49
1025 Cricket Ln	0.72mi	3/2.0 (-1)	1,916 (-3%)	5mo	$305,000	$159	47
262 Ash Dr	0.69mi	5/2.5 (+1)	2,258 (+14%)	15mo	$370,000	$164	25
126 Crystal Dr	0.72mi	3/2.0 (-1)	1,756 (-11%)	18mo	$295,000	$168	23

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

Projected returns pro-forma

-0.95% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.57×
• Total profit: $-48,949
• Equity at exit: $99,996

10-year hold

• IRR: -3.1%
• Equity multiple: 0.71×
• Total profit: $-32,801
• Equity at exit: $105,881

Cash invested: $114,800 (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 18334

• Home prices YoY: -0.5%
• Active inventory: 107
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $3,075 medium
• Mortgage (P&I): −$2,150
• Tax from tax record: −$300 /mo · $3,603/yr
• Insurance: −$171
• HOA: −$107
• Vacancy / Maint / Mgmt: −$646
• Net cashflow: $-299

Break-even live

Break-even rent $3,453

Max offer price $357,232

Occupancy floor —

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: $102,500
• Closing costs: $12,300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
152 Granite Rd Long Pond, PA	4.0	2.5	2624	$3,300	$1.26	43d	1	0.14mi
2267 Doe Dr Long Pond, PA	4.0	3.0	2000	$2,700	$1.35	43d	1	0.74mi
2113 Wild Laurel Dr Long Pond, PA	3.0	3.0	2200	$2,500	$1.14	43d	1	0.76mi

HOA detail

• Monthly dues: $107 · $1,284/yr
• Likely covers: waterpool

Listing history 5 events

1. 2026-06-19
   days on market $410,000 Active 4 DOM
2. 2026-06-18
   days on market $410,000 Active 3 DOM
3. 2026-06-17
   days on market $410,000 Active 2 DOM
4. 2026-06-15
   remarks 548-char remark

   Show marketing remark (548 chars)

   Stunning 4-bedroom, 3 full bath updated home in Emerald Lakes Community. This beautifully maintained home boasts a bright, open floor plain with a spacious family room. perfect for gatherings. The modern kitchen is fully updated, and the home features a large back yard, ideal for outdoor fun. Emerald Lakes features 4 lakes, beaches, indoor and outdoor pools. Location is close to Kalahari Water Park, Camelback, Outlets and many more attractions. Both Emerald Lakes and Tobyhanna Township are STR friendly. Check to see that they meet your needs.

5. 2026-06-15
   listed $410,000 Active 1 DOM

   Show marketing remark (548 chars)

   Stunning 4-bedroom, 3 full bath updated home in Emerald Lakes Community. This beautifully maintained home boasts a bright, open floor plain with a spacious family room. perfect for gatherings. The modern kitchen is fully updated, and the home features a large back yard, ideal for outdoor fun. Emerald Lakes features 4 lakes, beaches, indoor and outdoor pools. Location is close to Kalahari Water Park, Camelback, Outlets and many more attractions. Both Emerald Lakes and Tobyhanna Township are STR friendly. Check to see that they meet your needs.

ⓘ 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: $3,603 · $300/mo
• Projected year-2 tax: $5,041 · $420/mo
• Expected delta: +$1,437/yr (+$120/mo · 39.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥90°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% 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: $36,904
• − Mortgage interest: −$22,966
• − Property taxes: −$3,603
• − Insurance: −$2,050
• − Repairs & maintenance: −$2,952
• − Management: −$2,952
• − HOA: −$1,284
• − Depreciation: −$11,927
• Taxable loss: −$10,832
• Est. tax savings @ 24.0%: +$2,600
• After-tax cash flow: $-985/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: Pocono Mountain SD
• NCES district ID: 4219500
• Math proficiency: 37% ▼ -5.00%
• Reading proficiency: 55% ▲ 1.00%
• Median HH income: $55,317
• Composite: 39.91/100
• National rank: #3856
• State rank: #245 of 539 in PA

Livability — Emerald Lakes

• Score: 67/100
• State rank: #974
• US rank: #10662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Emerald Lakes, PA
• Population (ZIP): 4,907

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 20% Two or more races 12% Black 9%
• Hispanic origin (detail): Puerto Rican 17%
• Common ancestry: Romanian 6% Lithuanian 4% Iranian 4%
• Foreign-born: 8% · Canada
• Languages at home: 87% English-only · Spanish 10% Russian/Polish/Slavic 3%

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: ▼ -0.95%
• Current HPI: 178.5307
• 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

+294.2% since first listed

15 events — show timeline

• 2026-06-15 Listed $410,000 PMAR
• 2026-06-15 Listed $410,000 BRIGHT MLS
• 2018-04-11 Sold (Public Records) $135,000 Public Records
• 2018-04-09 Sold (MLS) $135,000 GLVRMLS
• 2018-04-09 Sold (MLS) $135,000 BRIGHT MLS
• 2017-12-19 Listed $139,900 GLVRMLS
• 2017-12-19 Listed $139,900 BRIGHT MLS
• 2017-11-01 Listed $144,900 PMAR
• 2015-10-28 Sold (Public Records) $114,900 Public Records
• 2015-10-22 Sold (MLS) $114,900 PMAR
• 2015-07-12 Listed $114,900 PMAR
• 2015-01-05 Listed $125,000 PMAR
• 2014-09-30 Sold (MLS) $52,000 PMAR
• 2014-08-22 Listed $49,900 PMAR
• 1997-10-27 Sold (Public Records) $104,000 Public Records

Property tax history

-2.6%/yr

Latest (2026): $3,603 · +3.3% YoY. Source: county tax records.