744 Ridge St · Honesdale, PA 18431

$168,000

2 bd · 1.0 ba · 898 sqft · SingleFamily public records · 31 Days on market

Built 1869 8,276 sqft lot Est $170k · at est.

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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 +22.2/30.0
• Appreciation +10.0/10.0
• ARV discount +8.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.7/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2-bedroom, 1-bath home offers a comfortable and practical layout in a peaceful hillside setting. The exterior features timeless siding and a quaint design, complemented by a natural backdrop. With its manageable size and thoughtful layout, this property is ideal for those looking for a cozy, low-maintenance home. The sloping yard adds charm and character, offering potential for landscaping or outdoor enjoyment. A great opportunity for anyone seeking a serene and functional living space.

Key facts

• First-floor bedroom
• Formal dining room
• Full bathroom

Tags

• SPACIOUS LIVING ROOM
• FORMAL DINING ROOM
• EAT-IN KITCHEN
• FIRST-FLOOR BEDROOM
• FULL BATHROOM
• ATTIC STORAGE SPACE

Property features AI

Exterior

• Parking: Has garage; On-street parking
• Utilities: Public water; Public sewer; Natural gas available and connected; Electricity connected; Cable available
• Home design: Single-family house; Two levels; Residential property; Has a view
• Construction: Aluminum and vinyl siding; Stone foundation; Built as a house
• Exterior features: Asphalt roof; Garage(s); Sloped, rolling and cleared lot; Lot slopes upward; City street frontage; Publicly maintained paved/asphalt road

Interior

• Kitchen: No appliances included
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Hot water heating; Natural gas heating; Ceiling fan cooling
• Interior features: Ceiling fans; Eat-in kitchen; 5 total rooms; Basement with dirt floor and unfinished space
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $168k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $168k).
• Recommended offer: $163k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#1,220 in PA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime A-; Watch: amenities F, commute F, employment F.
• Wayne Highlands SD (town): math 48% / reading 64% proficiency, ranked #115 of 539 in PA (top 21%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 66 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 177 units permitted in Wayne County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $47k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $60k; list at $168k implies a 180% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1869 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $162,960 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1869 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.07% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.97%
• DSCR: 1.31
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $169,722
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 Terrace St	0.33mi	2/1.5	883 (-2%)	1mo	$190,000	$215	79
215 Vine St	0.38mi	3/1.0 (+1)	920 (+2%)	1mo	$60,000	$65	72
216 Russell St	0.26mi	2/1.0	872 (-3%)	14mo	$212,500	$244	71
310 Ridge St	0.56mi	2/1.0	990 (+10%)	7mo	$143,000	$144	51
121 Cottage St	0.69mi	2/1.0	964 (+7%)	20mo	$182,000	$189	39

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: 29.3%
• Equity multiple: 3.32×
• Total profit: $108,913
• Equity at exit: $151,348

10-year hold

• IRR: 25.5%
• Equity multiple: 7.53×
• Total profit: $307,089
• Equity at exit: $326,387

Cash invested: $47,040 (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 18431

• Home prices YoY: 10.6%
• Active inventory: 66
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,800 medium
• Mortgage (P&I): −$881
• Tax from tax record: −$198 /mo · $2,374/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $273

Break-even live

Break-even rent $1,454

Max offer price $168,000

Occupancy floor 80%

Sensitivity live

Price	-10% $368	-5% $321	+0% $273	+5% $226	+10% $178
Rent	-10% $131	-5% $202	+0% $273	+5% $344	+10% $415
Rate	-1.0pp $358	-0.5pp $316	base $273	+0.5pp $230	+1.0pp $185

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: $42,000
• Closing costs: $5,040
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
139 Cliff St Honesdale, PA	3.0	2.0	900	$1,800	$2.00	4d	1	0.62mi

Listing history 19 events

1. 2026-06-18
   days on market $168,000 Active 31 DOM
2. 2026-06-18
   price $168,000 Active 30 DOM
3. 2026-06-17
   days on market $174,900 Active 30 DOM
4. 2026-06-16
   days on market $174,900 Active 29 DOM
5. 2026-06-15
   days on market $174,900 Active 28 DOM
6. 2026-06-13
   days on market $174,900 Active 26 DOM
7. 2026-06-12
   days on market $174,900 Active 25 DOM
8. 2026-06-09
   days on market $174,900 Active 22 DOM
9. 2026-06-08
   days on market $174,900 Active 21 DOM
10. 2026-06-08
    days on market $174,900 Active 20 DOM
11. 2026-06-07
    days on market $174,900 Active 19 DOM
12. 2026-06-04
    days on market $174,900 Active 16 DOM
13. 2026-06-02
    days on market $174,900 Active 15 DOM
14. 2026-06-01
    days on market $174,900 Active 14 DOM
15. 2026-05-31
    days on market $174,900 Active 13 DOM
16. 2026-05-16
    listed $174,900 Active
17. 2025-04-30
    soldstatus $60,000 Closed 496-char remark

    Show marketing remark (496 chars)

    This 2-bedroom, 1-bath home offers a comfortable and practical layout in a peaceful hillside setting. The exterior features timeless siding and a quaint design, complemented by a natural backdrop. With its manageable size and thoughtful layout, this property is ideal for those looking for a cozy, low-maintenance home. The sloping yard adds charm and character, offering potential for landscaping or outdoor enjoyment. A great opportunity for anyone seeking a serene and functional living space.

18. 2025-01-06
    status Pending 496-char remark

    Show marketing remark (496 chars)

    This 2-bedroom, 1-bath home offers a comfortable and practical layout in a peaceful hillside setting. The exterior features timeless siding and a quaint design, complemented by a natural backdrop. With its manageable size and thoughtful layout, this property is ideal for those looking for a cozy, low-maintenance home. The sloping yard adds charm and character, offering potential for landscaping or outdoor enjoyment. A great opportunity for anyone seeking a serene and functional living space.

19. 2024-12-11
    listed $43,000 Active 496-char remark

    Show marketing remark (496 chars)

    This 2-bedroom, 1-bath home offers a comfortable and practical layout in a peaceful hillside setting. The exterior features timeless siding and a quaint design, complemented by a natural backdrop. With its manageable size and thoughtful layout, this property is ideal for those looking for a cozy, low-maintenance home. The sloping yard adds charm and character, offering potential for landscaping or outdoor enjoyment. A great opportunity for anyone seeking a serene and functional living space.

ⓘ 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: $2,374 · $198/mo
• Projected year-2 tax: $2,514 · $210/mo
• Expected delta: +$140/yr (+$12/mo · 5.9%)

ⓘ 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 3/10 Moderate 7 d/yr ≥92°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $21,600
• − Mortgage interest: −$9,411
• − Property taxes: −$2,374
• − Insurance: −$840
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$4,887
• Taxable income: $632
• Est. tax owed @ 24.0%: −$152
• After-tax cash flow: $3,126/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: Wayne Highlands SD
• NCES district ID: 4224970
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 64% ▼ -10.00%
• Median HH income: $46,476
• Composite: 47.36/100
• National rank: #2292
• State rank: #115 of 539 in PA

Livability — Honesdale

• Score: 64/100
• State rank: #1220
• US rank: #14488

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Honesdale, PA
• Population (ZIP): 12,576

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 (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 7% Lithuanian 2% Subsaharan African 2%
• Foreign-born: 3%
• Languages at home: 97% English-only · 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: ▲ 30.12%
• Current HPI: 313.5221
• 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

+306.7% since first listed

4 events — show timeline

• 2026-05-16 Listed $174,900 PWMLS
• 2025-04-30 Sold (MLS) $60,000 PWMLS
• 2025-01-06 Pending — PWMLS
• 2024-12-11 Listed $43,000 PWMLS

Property tax history

+6.7%/yr

Latest (2026): $2,374 · +1.9% YoY. Source: county tax records.