4105 Upper Unger Rd · Wallenpaupack Lake Estates, PA 18451

$349,000

3 bd · 1.0 ba · 1,077 sqft · SingleFamily · 15 Days on market

Built 1939 Good condition 7,841 sqft lot $38/mo HOA · 1% of rent

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Appreciation +6.1/10.0
• Schools +4.2/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0

Listing remarks

LAKE WALLENPAUPACK BOATSLIP & SUNSET VIEWS! This is the lake home you've been waiting for. Tucked away in one of Lake Wallenpaupack's most charming and intimate lake communities, this adorable second-tier cabin offers the perfect blend of rustic character, lake access, and breathtaking scenery. Featuring 3 bedrooms plus a sleeping loft and 1 full bath, the home is filled with warmth and personality. The inviting living room is anchored by a dramatic floor-to-ceiling stone fireplace, while the dining area and rustic kitchen create the ideal setting for relaxed lake living. Step outside to the lakeside deck and take in beautiful views of Lake Wallenpaupack and some of the most incredibl

Key facts

• Private boatslip
• Lakeside deck
• Sunset views

Tags

• LAKE ACCESS
• SUNSET VIEWS
• PRIVATE BOATSLIP
• LAKESIDE DECK
• RUSTIC KITCHEN

Property features AI

Finance

• Other: Dirt road access with unimproved road frontage; Located on Lake Wallenpaupack; Above-grade finished area reported (1,077)
• HOA & community: Homeowners association with an annual fee of $450 (equivalent to $37.50/month)

Exterior

• Utilities: Septic tank for sewer
• Home design: Single-family residential property
• Construction: Pillar/post/pier foundation
• Exterior features: Private dock and boat slip; Deck; Wooded setting with views of Lake Wallenpaupack

Interior

• Kitchen: Microwave; Refrigerator; Oven
• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Propane heating
• Interior features: Wood-burning fireplace in the living room; Branded and unbranded virtual tour available
• Laundry & utility: Septic tank (sewer system)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $349k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $349k).
• Recommended offer: $344k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 2.4% 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: schools D+, 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: 15 active listings in the ZIP; 1 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 $10k of equity ($2k loan paydown + $8k appreciation (2.3% 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 (2.3% appreciation + 3.0% rent growth), your $98k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($344k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $343,765 (1.5% below list)

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.43% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.42%
• DSCR: 1.82
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.29% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.3%
• Equity multiple: 2.28×
• Total profit: $124,791
• Equity at exit: $143,208

10-year hold

• IRR: 24.9%
• Equity multiple: 4.35×
• Total profit: $327,046
• Equity at exit: $210,576

Cash invested: $97,720 (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 18451

• Home prices YoY: 0.9%
• Active inventory: 15
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $5,000 medium
• Mortgage (P&I): −$1,830
• Tax est. 1.5%: −$436 /mo · $5,235/yr
• Insurance: −$145
• HOA: −$38
• Vacancy / Maint / Mgmt: −$1,050
• Net cashflow: $1,500

Break-even live

Break-even rent $3,101

Max offer price $349,000

Occupancy floor 65%

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: $87,250
• Closing costs: $10,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
46 Summit Cir Lakeville, PA	3.0	2.0	1152	$5,000	$4.34	13d	1	1.22mi

HOA detail

• Monthly dues: $38 · $456/yr

Listing history 11 events

1. 2026-06-18
   days on market $349,000 Active 15 DOM
2. 2026-06-17
   days on market $349,000 Active 14 DOM
3. 2026-06-16
   days on market $349,000 Active 13 DOM
4. 2026-06-15
   days on market $349,000 Active 12 DOM
5. 2026-06-13
   days on market $349,000 Active 10 DOM
6. 2026-06-13
   days on market $349,000 Active 9 DOM
7. 2026-06-09
   days on market $349,000 Active 6 DOM
8. 2026-06-08
   days on market $349,000 Active 5 DOM
9. 2026-06-07
   days on market $349,000 Active 4 DOM
10. 2026-06-04
    remarks 695-char remark
11. 2026-06-04
    listed $349,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥89°F today · 15 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $60,000
• − Mortgage interest: −$19,549
• − Property taxes: −$5,235
• − Insurance: −$1,745
• − Repairs & maintenance: −$4,800
• − Management: −$4,800
• − HOA: −$456
• − Depreciation: −$10,153
• Taxable income: $13,262
• Est. tax owed @ 24.0%: −$3,183
• After-tax cash flow: $14,819/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This charming lakefront cabin is in good condition with a good condition score of 75. It has a good roof, exterior, and interior, and is located in a desirable lake community. The property has a good foundation and structure, and the HVAC appears to be in good condition. The property has a good landscaping and curb appeal. The property is move-in ready and has a good resale and rental value.

Value-add opportunities

• Both Paint exterior trim — Enhances curb appeal and can increase both resale and rental value.
• Both Clean gutters — Keeps the home looking well-maintained and can prevent water damage to the siding and foundation.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior trim — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Clean gutters — Keeps the home looking well-maintained and can prevent water damage to the siding and foundation. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• Population (ZIP): 530

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 (96%)
• Race & ethnicity: White 96% Asian 1% Hispanic / Latino 1% Two or more races 1%
• Common ancestry: Danish 5% Lithuanian 4% Polish 1%
• Foreign-born: 3%
• Languages at home: 97% English-only · Russian/Polish/Slavic 3%

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: ▲ 2.29%
• Current HPI: 261.6564
• 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

1 event — show timeline

• 2026-06-02 Listed $349,000 PWMLS