107 Fetlock Dr · Hemlock Farms, PA 18428

$270,000

3 bd · 2.0 ba · 1,092 sqft · SingleFamily public records · 8 Days on market

Built 1983 1,092 sqft lot Est $215k · 26% over $250/mo HOA · 6% 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
• Appreciation +10.0/10.0
• 1% rule +9.8/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Country ranch style home in Hemlock Farms Community is a great place to get away to and relax! First time home buyers will find this home has all you need at an excellent price! 3 bedrooms, 2 full baths, wood burning stove, large deck with retractable awning are a few of the highlights. , Beds Description: 2+Bed1st, Baths: 2 Half Bath Lev 2

Key facts

• Large bedrooms
• Formal dining space
• Wrap around deck

Tags

• WRAP AROUND DECK
• FLAT OUTDOOR SPACE
• HARDWOOD FLOORS
• LARGE BEDROOMS
• GENEROUS LAUNDRY AREA
• FORMAL DINING SPACE

Property features AI

Finance

• Other: Located in Hemlock Farms subdivision on a privately maintained road; Lot is level and approximately 0.5 acre; Access to Hemlock Lake
• HOA & community: Homeowners association with annual fee (association amenities include pool, indoor and outdoor pools, tennis and basketball courts, fitness center, clubhouse, playground, trails, recreation facilities, spa/hot tub, sauna, game rooms, meeting/party rooms, picnic area, pond, jogging path, dog park, gated entry, snow removal and more); Annual association fee and one-time/other fees apply

Exterior

• Parking: 4 parking spaces (all open); Aggregate, unpaved parking surface
• Security: 24-hour security; Gated community
• Utilities: Septic tank
• Home design: Single-family residence; Updated/remodeled condition; One story; Side door entry; Faces level lot near Hemlock Lake
• Construction: Wood siding construction; Block foundation; Shingle roof; Built above grade (finished area listed)
• Exterior features: Deck; Wrap-around deck/porch; Side porch; Shed(s)

Interior

• Kitchen: Gas oven; Refrigerator
• Bedrooms: 5 total rooms (includes bedrooms and living spaces)
• Flooring: Wood flooring; Other flooring types
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Wood heating
• Interior features: Wood-burning stove fireplace; Awning(s)
• Laundry & utility: Washer and dryer inside; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $270k).
• Cap rate 11.5% vs local median 7.1% in Hemlock Farms — 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 (#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; 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 $29k of equity ($2k loan paydown + $27k 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 $76k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 7y 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 $94k; list at $270k implies a 187% gain — meaningful room to come down on a strong offer.

Recommended offer $270,000

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. 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.
4. 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.
5. 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: 1.48% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.61%
• DSCR: 1.83
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $215,124
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
800 W Spur Ct	0.19mi	3/1.0	1,008 (-8%)	7mo	$239,000	$237	68
119 Pommel Dr	0.19mi	2/2.0 (-1)	1,224 (+12%)	2mo	$195,000	$159	64
114 Hillside Dr	0.33mi	4/2.0 (+1)	1,112 (+2%)	16mo	$186,000	$167	64
505 Maple Ridge Dr	0.49mi	3/2.0	1,038 (-5%)	11mo	$200,000	$193	60
104 Longspur Ln	0.67mi	3/1.5	1,080 (-1%)	18mo	$295,000	$273	49
108 Farrier Ln	0.56mi	2/1.5 (-1)	1,016 (-7%)	10mo	$200,000	$197	47
121 Maple Ridge Dr	0.68mi	3/1.0	1,024 (-6%)	17mo	$150,000	$146	40
140 Hillside Dr	0.56mi	3/1.5	1,000 (-8%)	23mo	$215,000	$215	38

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: 38.1%
• Equity multiple: 3.93×
• Total profit: $221,865
• Equity at exit: $243,237

10-year hold

• IRR: 32.9%
• Equity multiple: 8.87×
• Total profit: $594,896
• Equity at exit: $524,551

Cash invested: $75,600 (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: 5.6×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$209 /mo · $2,508/yr
• Insurance: −$112
• HOA: −$250
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $1,173

Break-even live

Break-even rent $2,516

Max offer price $270,000

Occupancy floor 66%

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 Portage Ln Milford, PA	3.0	2.0	1400	$4,000	$2.86	1d	1	1.48mi

HOA detail

• Monthly dues: $250 · $3,000/yr

Listing history 10 events

1. 2026-06-18
   days on market $270,000 Active 8 DOM
2. 2026-06-17
   days on market $270,000 Active 7 DOM
3. 2026-06-16
   days on market $270,000 Active 6 DOM
4. 2026-06-15
   days on market $270,000 Active 5 DOM
5. 2026-06-13
   days on market $270,000 Active 3 DOM
6. 2026-06-13
   days on marketlisting id $270,000 Active 2 DOM
7. 2026-06-09
   days on market $270,000 Active 5 DOM
8. 2026-06-08
   days on market $270,000 Active 4 DOM
9. 2026-06-07
   remarks 582-char remark
10. 2026-06-07
    listed $270,000 Active 3 DOM

ⓘ 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: $2,508 · $209/mo
• Projected year-2 tax: $3,387 · $282/mo
• Expected delta: +$879/yr (+$73/mo · 35.0%)

ⓘ 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 2/10 Low 7 d/yr ≥91°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,000
• − Mortgage interest: −$15,124
• − Property taxes: −$2,508
• − Insurance: −$1,350
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − HOA: −$3,000
• − Depreciation: −$7,855
• Taxable income: $10,483
• Est. tax owed @ 24.0%: −$2,516
• After-tax cash flow: $11,555/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

+241.8% since first listed

5 events — show timeline

• 2026-06-03 Listed $270,000 PWMLS
• 2019-07-10 Sold (Public Records) $94,000 Public Records
• 2019-06-28 Sold (MLS) $94,000 PWMLS
• 2019-04-15 Listed $99,000 PWMLS
• 1986-12-10 Sold (Public Records) $79,000 Public Records

Property tax history

+2.8%/yr

Latest (2026): $2,508 · +3.0% YoY. Source: county tax records.