432 Maple Ridge Dr · Hemlock Farms, PA 18428

$389,000

2 bd · 2.0 ba · 1,878 sqft · SingleFamily public records · 129 Days on market

Built 1977 1.12 ac lot $207/sqft · 11% above area Est $369k · 5% over $250/mo HOA · 6% of rent

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Why this score? — see what drove the C+ 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 +21.9/30.0
• Appreciation +10.0/10.0
• DSCR +7.0/10.0
• 1% rule +6.0/10.0
• ARV discount +5.1/15.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Nestled among the trees, this serene and beautifully updated ranch offers the ease of one-level living with the bonus of a private guest space upstairs. Large windows throughout the main level fill the home with natural light while showcasing peaceful views of the surrounding landscape. The living area is anchored by a dramatic floor-to-ceiling stone fireplace, creating a warm and inviting focal point. New flooring flows throughout the first floor, while brand-new carpeting adds comfort to the upstairs guest space. Step out side onto the deck overlooking a lush, wooded setting, offering exceptional privacy and a true connection to nature. A newly renovated garage has been transformed into a comfortable and versatile family room, perfect for entertaining, relaxing, or flexible living. A four-season sunroom with beautiful windows extends the living space year-round, ideal for enjoying all seasons in the Poconos. This home is a perfect full-time residence or peaceful retreat.

Key facts

• Brand-new carpeting
• One-level living
• New flooring

Tags

• ONE-LEVEL LIVING
• PRIVATE GUEST SPACE
• NEW FLOORING
• BRAND-NEW CARPETING
• NEWLY RENOVATED GARAGE
• FOUR-SEASON SUNROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $389k.

Deal economics

• At list price, monthly cash flow is $610 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $389k).
• Recommended offer: $342k (12.0% below list) — sets the bar for market timing.

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.
• 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; 2 comparable units currently listed for rent nearby; 213 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $42k of equity ($3k loan paydown + $39k 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 $109k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$67k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($342k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 $265k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $342,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.10% ✓
• Cap rate: 8.18%
• Cash-on-cash: 6.72%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (median comp): $369,222
• List price: $389,000
• Delta: 5.36%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 Gold Rush Dr	0.17mi	3/2.0 (+1)	1,928 (+3%)	16mo	$485,000	$252	70
121 Canterbrook Dr	0.49mi	3/1.5 (+1)	1,892 (+1%)	1mo	$285,000	$151	68
123 Goldrush Dr	0.21mi	3/2.0 (+1)	1,778 (-5%)	10mo	$370,000	$208	68
107 Canterbrook Dr	0.50mi	3/2.0 (+1)	1,860 (-1%)	20mo	$329,000	$177	53
803 Fetlock Ct	0.69mi	3/2.0 (+1)	1,837 (-2%)	7mo	$290,000	$158	53
121 Goldrush Dr	0.22mi	3/2.0 (+1)	2,074 (+10%)	18mo	$372,500	$180	53
517 Maple Ridge Dr	0.47mi	3/2.5 (+1)	2,016 (+7%)	8mo	$575,000	$285	52
807 Lariat Ct	0.63mi	3/2.0 (+1)	2,030 (+8%)	12mo	$355,000	$175	42
806 Warbler Ct	0.71mi	3/2.0 (+1)	1,996 (+6%)	15mo	$267,900	$134	39
106 Fetlock Dr	0.69mi	3/3.0 (+1)	1,700 (-10%)	7mo	$255,000	$150	37
104 Comstock Dr	0.47mi	3/2.0 (+1)	2,156 (+15%)	18mo	$282,000	$131	33
113 Horseshoe Ln	0.71mi	3/2.0 (+1)	1,700 (-10%)	20mo	$239,000	$141	29

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: 29.2%
• Equity multiple: 3.30×
• Total profit: $250,841
• Equity at exit: $350,442

10-year hold

• IRR: 25.3%
• Equity multiple: 7.50×
• Total profit: $708,334
• Equity at exit: $755,741

Cash invested: $108,920 (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: 7.6×

Monthly cashflow live

• Estimated rent: $4,269 medium
• Mortgage (P&I): −$2,040
• Tax from tax record: −$310 /mo · $3,721/yr
• Insurance: −$162
• HOA: −$250
• Vacancy / Maint / Mgmt: −$896
• Net cashflow: $610

Break-even live

Break-even rent $3,496

Max offer price $389,000

Occupancy floor 81%

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: $97,250
• Closing costs: $11,670
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Pommel Dr Hawley, PA	3.0	2.0	1691	$4,400	$2.60	1d	1	0.67mi
106 Corral Ln Hawley, PA	3.0	2.0	2150	$4,000	$1.86	3d	1	1.34mi

HOA detail

• Monthly dues: $250 · $3,000/yr

Listing history 22 events

1. 2026-06-18
   days on market $389,000 Active 129 DOM
2. 2026-06-17
   days on market $389,000 Active 128 DOM
3. 2026-06-16
   days on market $389,000 Active 127 DOM
4. 2026-06-15
   days on market $389,000 Active 126 DOM
5. 2026-06-13
   days on market $389,000 Active 124 DOM
6. 2026-06-13
   days on market $389,000 Active 123 DOM
7. 2026-06-09
   days on market $389,000 Active 120 DOM
8. 2026-06-08
   days on market $389,000 Active 119 DOM
9. 2026-06-07
   days on market $389,000 Active 118 DOM
10. 2026-06-04
    days on market $389,000 Active 115 DOM
11. 2026-06-03
    days on market $389,000 Active 114 DOM
12. 2026-06-02
    days on market $389,000 Active 113 DOM
13. 2026-06-01
    days on market $389,000 Active 112 DOM
14. 2026-05-31
    days on market $389,000 Active 111 DOM
15. 2026-04-02
    price $389,000 987-char remark

    Show marketing remark (987 chars)

    Nestled among the trees, this serene and beautifully updated ranch offers the ease of one-level living with the bonus of a private guest space upstairs. Large windows throughout the main level fill the home with natural light while showcasing peaceful views of the surrounding landscape. The living area is anchored by a dramatic floor-to-ceiling stone fireplace, creating a warm and inviting focal point. New flooring flows throughout the first floor, while brand-new carpeting adds comfort to the upstairs guest space. Step out side onto the deck overlooking a lush, wooded setting, offering exceptional privacy and a true connection to nature. A newly renovated garage has been transformed into a comfortable and versatile family room, perfect for entertaining, relaxing, or flexible living. A four-season sunroom with beautiful windows extends the living space year-round, ideal for enjoying all seasons in the Poconos. This home is a perfect full-time residence or peaceful retreat.

16. 2026-02-09
    listed $399,000 Active 987-char remark

    Show marketing remark (987 chars)

    Nestled among the trees, this serene and beautifully updated ranch offers the ease of one-level living with the bonus of a private guest space upstairs. Large windows throughout the main level fill the home with natural light while showcasing peaceful views of the surrounding landscape. The living area is anchored by a dramatic floor-to-ceiling stone fireplace, creating a warm and inviting focal point. New flooring flows throughout the first floor, while brand-new carpeting adds comfort to the upstairs guest space. Step out side onto the deck overlooking a lush, wooded setting, offering exceptional privacy and a true connection to nature. A newly renovated garage has been transformed into a comfortable and versatile family room, perfect for entertaining, relaxing, or flexible living. A four-season sunroom with beautiful windows extends the living space year-round, ideal for enjoying all seasons in the Poconos. This home is a perfect full-time residence or peaceful retreat.

17. 2021-11-08
    soldstatus $265,000
18. 2021-10-20
    soldstatus 364-char remark

    Show marketing remark (364 chars)

    Cream puff! True country retreat, surrounded by all the activities anyone would want. Large open rooms, spacious bedrooms, charming sunroom surrounded by nature, gorgeous working stone fireplace, oversized garage and much more. Take a look at this hidden gem in person. You won't be disappointed. This home has been lovingly cared for. Three lots, one annual fee.

19. 2021-10-20
    soldstatus $265,000

    Show marketing remark (364 chars)

    Cream puff! True country retreat, surrounded by all the activities anyone would want. Large open rooms, spacious bedrooms, charming sunroom surrounded by nature, gorgeous working stone fireplace, oversized garage and much more. Take a look at this hidden gem in person. You won't be disappointed. This home has been lovingly cared for. Three lots, one annual fee.

20. 2021-05-27
    listed $289,900 364-char remark

    Show marketing remark (364 chars)

    Cream puff! True country retreat, surrounded by all the activities anyone would want. Large open rooms, spacious bedrooms, charming sunroom surrounded by nature, gorgeous working stone fireplace, oversized garage and much more. Take a look at this hidden gem in person. You won't be disappointed. This home has been lovingly cared for. Three lots, one annual fee.

21. 2021-05-27
    listed $289,900

    Show marketing remark (364 chars)

    Cream puff! True country retreat, surrounded by all the activities anyone would want. Large open rooms, spacious bedrooms, charming sunroom surrounded by nature, gorgeous working stone fireplace, oversized garage and much more. Take a look at this hidden gem in person. You won't be disappointed. This home has been lovingly cared for. Three lots, one annual fee.

22. 2002-10-15
    soldstatus $194,950

ⓘ 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: $3,721 · $310/mo
• Projected year-2 tax: $4,934 · $411/mo
• Expected delta: +$1,212/yr (+$101/mo · 32.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥91°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $51,227
• − Mortgage interest: −$21,790
• − Property taxes: −$3,721
• − Insurance: −$1,945
• − Repairs & maintenance: −$4,098
• − Management: −$4,098
• − HOA: −$3,000
• − Depreciation: −$11,316
• Taxable income: $1,258
• Est. tax owed @ 24.0%: −$302
• After-tax cash flow: $7,022/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 — 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

• Census place: Hemlock Farms, 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

+99.5% since first listed

8 events — show timeline

• 2026-04-02 Price Changed $389,000 PWMLS
• 2026-02-09 Listed $399,000 PWMLS
• 2021-11-08 Sold (Public Records) $265,000 Public Records
• 2021-10-20 Sold (MLS) $265,000 PWMLS
• 2021-10-20 Sold (MLS) — PWMLS
• 2021-05-27 Listed $289,900 PWMLS
• 2021-05-27 Listed $289,900 PWMLS
• 2002-10-15 Sold (Public Records) $194,950 Public Records

Property tax history

+2.8%/yr

Latest (2026): $3,721 · +3.0% YoY. Source: county tax records.