1422 Melrose Ter · Stroud, PA 18301

$225,000

3 bd · 2.0 ba · 1,110 sqft · SingleFamily public records · 3 Days on market

Built 1987 0.34 ac lot $118/mo HOA · 5% 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).

• Cash flow +17.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• 1% rule +5.2/10.0
• Rent growth +5.0/5.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in the heart of Penn Estates! Welcome to 1422 Melrose Terrace, a contemporary-style home in Stroud Township offering endless potential for investors, renovators, or buyers looking to create a personalized mountain retreat. Featuring 2 bedrooms, 2 full bathrooms, and a versatile loft space ideal for a home office, guest area, reading nook, or additional living space, this property is ready for your vision and creativity. An unfinished walk-out basement provides even more room for future expansion, storage, or customization. Located within the amenity-filled Penn Estates community, you'll enjoy convenient access to pools, lakes, sports courts, and community activities, while remaining just minutes from shopping, dining, hiking, skiing, waterparks, and all the attractions the Pocono Mountains have to offer. Whether you're searching for your next investment project, vacation getaway, or a place to make your own, this handyman special presents a rare opportunity to unlock its full potential. Bring your ideas and transform this property into something truly special! Ask how to receive lender credit toward closing costs or lowering your interest rate.

Key facts

• Versatile loft space
• Minutes from dining
• 0.34 acre lot

Tags

• UNFINISHED WALK-OUT BASEMENT
• VERSATILE LOFT SPACE
• CONVENIENT ACCESS TO POOLS
• CONVENIENT ACCESS TO LAKES
• MINUTES FROM SHOPPING
• MINUTES FROM DINING

Property features AI

Finance

• HOA & community: HOA includes road maintenance, security gate, and snow removal; Community amenities include outdoor pool, beach, lake, tennis courts, basketball courts, playgrounds, and community center; Gated community with security; Annual HOA fee

Exterior

• Parking: Off-street parking
• Security: Gated community; Community security
• Utilities: Private/community water; Private sewer; Electric hot water
• Home design: Detached property; Skylight windows
• Construction: Built using concrete and vinyl siding; Asphalt/fiberglass roof; Slab foundation; Walkout level basement
• Exterior features: Trees/wooded lot; Community in-ground pool; Private roads (private road responsibility); Paved road

Interior

• Kitchen: Electric oven/range; Microwave; Refrigerator
• Bedrooms: 1 bedroom on the main level; 1 bedroom on the upper level
• Flooring: Tile/brick; Carpet
• Bathrooms: Two full bathrooms (one on main level, one on upper level)
• Heating & cooling: Electric baseboard heat; Ceiling fan cooling
• Interior features: Open floor plan; Eat-in kitchen; Ceiling fans; Skylights; Whirlpool/hot tub; Walk-in closet(s); Master bath(s)
• Laundry & utility: Washer and dryer (laundry on lower floor)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Stroudsburg Area SD (suburban): math 33% / reading 49% proficiency, ranked #315 of 539 in PA (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Arlington Heights El Sch (math 24% / reading 44%, grade F, #1,049 of 1,518 statewide, top 71%, 229 students, 68% FRL); Stroudsburg Ms (math 25% / reading 49%, grade F, #298 of 512 statewide, top 60%, 1,056 students, 45% FRL); Stroudsburg Hs (math 71% / reading 24%, grade D, #164 of 437 statewide, top 38%, 1,246 students, 34% FRL) — zoned schools average 49% FRL vs 34% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+10.4%/yr); 201 active listings in the ZIP; solid renter incomes; 278 units permitted in Monroe County in 2024 (52 in 5+ unit buildings).
• This rent runs 30% of the median local income ($91k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $63k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $90k; list at $225k implies a 150% gain — meaningful room to come down on a strong offer.

Recommended offer $225,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 7.24%
• Cash-on-cash: 3.36%
• DSCR: 1.15
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.79×
• Total profit: $-12,976
• Equity at exit: $33,548

10-year hold

• IRR: 9.8%
• Equity multiple: 1.93×
• Total profit: $58,822
• Equity at exit: $19,454

Cash invested: $63,000 (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 18301

• Rents YoY: 10.4%
• Active inventory: 201
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,298 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$247 /mo · $2,969/yr
• Insurance: −$94
• HOA: −$118
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $177

Break-even live

Break-even rent $2,075

Max offer price $225,000

Occupancy floor 87%

Sensitivity live

Price	-10% $304	-5% $240	+0% $177	+5% $113	+10% $49
Rent	-10% $-5	-5% $86	+0% $177	+5% $267	+10% $358
Rate	-1.0pp $290	-0.5pp $234	base $177	+0.5pp $118	+1.0pp $59

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $118 · $1,416/yr
• Likely covers: waterpool

Listing history 3 events

1. 2026-06-22
   statusdays on market $225,000 Active 3 DOM
2. 2026-06-19
   remarks 699-char remark

   Show marketing remark (1181 chars)

   Opportunity awaits in the heart of Penn Estates! Welcome to 1422 Melrose Terrace, a contemporary-style home in Stroud Township offering endless potential for investors, renovators, or buyers looking to create a personalized mountain retreat. Featuring 2 bedrooms, 2 full bathrooms, and a versatile loft space ideal for a home office, guest area, reading nook, or additional living space, this property is ready for your vision and creativity. An unfinished walk-out basement provides even more room for future expansion, storage, or customization. Located within the amenity-filled Penn Estates community, you'll enjoy convenient access to pools, lakes, sports courts, and community activities, while remaining just minutes from shopping, dining, hiking, skiing, waterparks, and all the attractions the Pocono Mountains have to offer. Whether you're searching for your next investment project, vacation getaway, or a place to make your own, this handyman special presents a rare opportunity to unlock its full potential. Bring your ideas and transform this property into something truly special! Ask how to receive lender credit toward closing costs or lowering your interest rate.

3. 2026-06-19
   listed $225,000 Coming Soon 1 DOM

   Show marketing remark (1181 chars)

   Opportunity awaits in the heart of Penn Estates! Welcome to 1422 Melrose Terrace, a contemporary-style home in Stroud Township offering endless potential for investors, renovators, or buyers looking to create a personalized mountain retreat. Featuring 2 bedrooms, 2 full bathrooms, and a versatile loft space ideal for a home office, guest area, reading nook, or additional living space, this property is ready for your vision and creativity. An unfinished walk-out basement provides even more room for future expansion, storage, or customization. Located within the amenity-filled Penn Estates community, you'll enjoy convenient access to pools, lakes, sports courts, and community activities, while remaining just minutes from shopping, dining, hiking, skiing, waterparks, and all the attractions the Pocono Mountains have to offer. Whether you're searching for your next investment project, vacation getaway, or a place to make your own, this handyman special presents a rare opportunity to unlock its full potential. Bring your ideas and transform this property into something truly special! Ask how to receive lender credit toward closing costs or lowering your interest rate.

ⓘ 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: $2,969 · $247/mo
• Projected year-2 tax: $3,262 · $272/mo
• Expected delta: +$293/yr (+$24/mo · 9.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% 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: $27,581
• − Mortgage interest: −$12,603
• − Property taxes: −$2,969
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,206
• − Management: −$2,206
• − HOA: −$1,416
• − Depreciation: −$6,545
• Taxable loss: −$1,491
• Est. tax savings @ 24.0%: +$358
• After-tax cash flow: $2,478/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: Stroudsburg Area SD
• NCES district ID: 4222860
• Math proficiency: 33% ▼ -10.00%
• Reading proficiency: 49% ▼ -15.00%
• Median HH income: $59,061
• Composite: 36.13/100
• National rank: #4747
• State rank: #315 of 539 in PA

Livability — Stroud

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Penn Estates, PA
• County: Monroe County · 59,057 people
• Metro: East Stroudsburg, PA
• Population (ZIP): 28,977
• Household income: $90,522
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 672.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 53% Black 21% Hispanic / Latino 18% Two or more races 10% Asian 2%
• Hispanic origin (detail): Puerto Rican 8% Dominican 3%
• Common ancestry: Romanian 6% Lithuanian 3% Portuguese 1%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 82% English-only · Spanish 9% Russian/Polish/Slavic 2% Other Indo-European 2%

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: ▼ -109.90%
• Current HPI: 154.4762
• Rent YoY: ▲ 10.44%
• Metro: East Stroudsburg, PA
• 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

+150.0% since first listed

5 events — show timeline

• 2026-06-20 Listed $225,000 GLVRMLS
• 2026-06-20 Listed $225,000 BRIGHT MLS
• 2026-06-19 Listed $225,000 PMAR
• 2026-06-18 Coming Soon $225,000 BRIGHT MLS
• 1997-07-29 Sold (Public Records) $90,000 Public Records

Property tax history

-3.7%/yr

Latest (2026): $2,969 · -0.0% YoY. Source: county tax records.