212 Fox Chase Ct · Montgomeryville, PA 19454

$160,000

2 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 15 Days on market

Built 1981 $111/sqft · 18% below area Est $194k · 18% under $691/mo HOA · 33% 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).

• ARV discount +15.0/15.0
• Cash flow +11.6/30.0
• 1% rule +8.3/10.0
• Schools +5.2/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• DSCR +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Easy Living In This Well Maintained Adult+55 Neshaminy Falls Community, New Roof, Living Room W/ Beams & Electric Fp, Kitchen W/ Curved Breakfast Counter & Ceiling Fan, Dining Room W/ Built-In Hutch, Family Room W/ Lovey Anderson Bow Window & French Drs Leading To Deck W/ Retractable Awning, Remolded Mstr Bath Enjoy The View From 4Season Room Of The Treed Open Space Bordering Home. Assoc. Fee Covers Sewer, Trash, Road Maintenance, Basic Cable, Clubhouse & Pool!

Key facts

• 2 parking spots
• Community pool
• Built 1981

Property features AI

Finance

• Other: Pets allowed with number limits
• Financial info: Monthly land lease payment $691 with 99 years remaining
• HOA & community: Monthly association fee of $691; HOA includes common area maintenance, trash, snow removal, pool(s), recreation facility, and road maintenance; Community amenities include clubhouse, community center, fitness center, and outdoor pool

Exterior

• Parking: Parking lot with 2 spaces (total 2 garage/parking spaces)
• Utilities: Electric heating and cooling; Electric hot water; Public water and public sewer; Underground utilities
• Home design: Manufactured double-wide home; Land lease ownership; Located in a 55+ senior community
• Construction: Vinyl siding; Above- and below-grade other structures noted; Finished above-grade area recorded by assessor
• Exterior features: Community heated outdoor pool; Gazebo; Shed; Underground utilities; Public water; Public sewer; Not in a federal flood zone

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: No basement; Living area recorded by assessor

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $-50 ($-603/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (5.5% below list).
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $151k (5.5% below list) — sets the bar for cash-flow.
• Cap rate 5.9% vs local median 2.6% in Montgomeryville — 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 77/100 on livability (#327 in PA, #2,871 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools C-, cost of living D, commute F.
• North Penn SD (suburban): math 48% / reading 67% proficiency, ranked #76 of 539 in PA (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.6%/yr); 100 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,936 units permitted in Montgomery County in 2024 (530 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Montgomery County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y 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 $82k; list at $160k implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,126 (5.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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. 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: 1.33% ✓
• Cap rate: 5.92%
• Cash-on-cash: -1.35%
• DSCR: 0.94
• GRM: 6.3

CMA / ARV

• ARV (median comp): $194,117
• List price: $160,000
• Delta: -17.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.62% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.44×
• Total profit: $-25,196
• Equity at exit: $23,857

10-year hold

• IRR: -2.8%
• Equity multiple: 0.79×
• Total profit: $-9,465
• Equity at exit: $13,834

Cash invested: $44,800 (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 19454

• Rents YoY: 4.6%
• Active inventory: 100
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,123 high
• Mortgage (P&I): −$839
• Tax from tax record: −$131 /mo · $1,567/yr
• Insurance: −$67
• HOA: −$691
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $-50

Break-even live

Break-even rent $2,186

Max offer price $151,126

Occupancy floor 97%

Sensitivity live

Price	-10% $40	-5% $-5	+0% $-50	+5% $-96	+10% $-141
Rent	-10% $-218	-5% $-134	+0% $-50	+5% $34	+10% $117
Rate	-1.0pp $30	-0.5pp $-10	base $-50	+0.5pp $-92	+1.0pp $-134

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
415 Stump Rd North Wales, PA	2.0	1.0–2.0	827	$2,702	$3.27	2d	17	0.85mi
2408 Adams Ct Unit 2408 North Wales, PA	2.0	2.0	970	$1,900	$1.96	2d	1	1.17mi
204 Livingston Ct North Wales, PA	3.0	1.5	1281	$2,500	$1.95	2d	1	1.27mi
1401 Morris Ct North Wales, PA	2.0	2.0	932	$2,100	$2.25	20d	1	1.31mi
1202 Braxton Ct #1202 North Wales, PA	2.0	2.0	932	$1,875	$2.01	44d	1	1.33mi
1003 Thornton Ct North Wales, PA	2.0	2.0	991	$2,000	$2.02	12d	1	1.33mi

HOA detail

• Monthly dues: $691 · $8,292/yr
• Likely covers: sewertrashelectriccablepool

Listing history 4 events

1. 2026-05-08
   listed $160,000 Active 642-char remark
2. 2026-04-28
   historical $160,000 642-char remark
3. 2001-07-09
   soldstatus $82,000 489-char remark

   Show marketing remark (489 chars)

   Easy Living In This Well Maintained Adult+55 Neshaminy Falls Community, New Roof, Living Room W/ Beams & Electric Fp, Kitchen W/ Curved Breakfast Counter & Ceiling Fan, Dining Room W/ Built-In Hutch, Family Room W/ Lovey Anderson Bow Window & French Drs Leading To Deck W/ Retractable Awning, Remolded Mstr Bath Enjoy The View From 4Season Room Of The Treed Open Space Bordering Home. Assoc. Fee Covers Sewer, Trash, Road Maintenance, Basic Cable, Clubhouse & Pool!

4. 2001-04-25
   listed $82,000 489-char remark

   Show marketing remark (489 chars)

   Easy Living In This Well Maintained Adult+55 Neshaminy Falls Community, New Roof, Living Room W/ Beams & Electric Fp, Kitchen W/ Curved Breakfast Counter & Ceiling Fan, Dining Room W/ Built-In Hutch, Family Room W/ Lovey Anderson Bow Window & French Drs Leading To Deck W/ Retractable Awning, Remolded Mstr Bath Enjoy The View From 4Season Room Of The Treed Open Space Bordering Home. Assoc. Fee Covers Sewer, Trash, Road Maintenance, Basic Cable, Clubhouse & Pool!

ⓘ 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: $1,567 · $131/mo
• Projected year-2 tax: $2,048 · $171/mo
• Expected delta: +$480/yr (+$40/mo · 30.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,475
• − Mortgage interest: −$8,962
• − Property taxes: −$1,567
• − Insurance: −$800
• − Repairs & maintenance: −$2,038
• − Management: −$2,038
• − HOA: −$8,292
• − Depreciation: −$4,655
• Taxable loss: −$2,877
• Est. tax savings @ 24.0%: +$691
• After-tax cash flow: $88/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: North Penn SD
• NCES district ID: 4217280
• Math proficiency: 48% ▼ -10.00%
• Reading proficiency: 67% ▼ -9.00%
• Median HH income: $76,866
• Composite: 51.5/100
• National rank: #1722
• State rank: #76 of 539 in PA

Livability — Montgomeryville

• Score: 77/100
• State rank: #327
• US rank: #2871

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Montgomery County · 712,331 people
• City population: 288
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 27,755
• Household income: $118,177
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 459.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 856,074 people
• By 2030: 870,887 · +1.7%
• By 2040: 891,195 · +4.1%
• By 2050: 896,417 · +4.7%
• By 2075: 903,212 · +5.5%
• By 2100: 843,240 · -1.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Asian 18% Black 6% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Romanian 5% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 17% · South Korea, China, Vietnam
• Languages at home: 81% English-only · Korean 5% Other Indo-European 5% Chinese 3%

Political lean MEDSL · Montgomery

• 2024 margin: Strong D (+22.8) · D 60.9% · R 38.1% · Other 1.1%
• 2008→2024 swing: +2.0pp toward D · 2008: 20.8pp · 2024: 22.8pp
• All cycles: 2024: D+22.8 2020: D+26.3 2016: D+21.1 2012: D+14.3 2008: D+20.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.54%
• Current HPI: 270.3006
• Rent YoY: ▲ 4.62%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+95.1% since first listed

5 events — show timeline

• 2026-05-23 Pending — BRIGHT MLS
• 2026-05-08 Listed $160,000 BRIGHT MLS
• 2026-04-28 Coming Soon $160,000 BRIGHT MLS
• 2001-07-09 Sold (MLS) $82,000 BRIGHT MLS
• 2001-04-25 Listed $82,000 BRIGHT MLS

Property tax history

+3.0%/yr

Latest (2026): $1,567 · +6.8% YoY. Source: county tax records.