3305 5 Airport Rd · Bethlehem, PA 18109

$65,000

1 bd · 1.0 ba · 672 sqft · SingleFamily · 23 Days on market

Built 1991 Good condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.1/5.0
• Livability +4.1/5.0
• Condition / age +4.0/5.0
• Schools +2.8/10.0
• Appreciation +0.0/10.0

Listing remarks

This delightful and thoroughly updated mobile home offers a comfortable, functional living space in a convenient location just minutes from shopping and State Route 22. Featuring 1 bedroom and 1 bathroom, the home has seen numerous recent improvements, including a roof that is only 3 years old, a central heating and air conditioning system installed just 2 years ago, and vinyl replacement windows that are only 4 years old. Upon entering, you’re welcomed into a bright and spacious living room filled with natural sunlight. The kitchen offers ample cabinet storage and counter space, while the adjoining dining area comfortably accommodates a small table. The bathroom has a skylight. Locat

Key facts

• Updated mobile home
• Roof 3 years old
• Bright living room

Tags

• UPDATED MOBILE HOME
• CONVENIENT LOCATION
• RECENT IMPROVEMENTS
• ROOF 3 YEARS OLD
• VINYL REPLACEMENT WINDOWS
• BRIGHT LIVING ROOM

Property features AI

Finance

• Other: Not in a federal flood zone; Property condition listed as excellent; Ground rent listed as annual income/expense item
• Financial info: Ground rent exists; paid monthly
• HOA & community: Association covers road maintenance, trash, snow removal, sewer and water

Exterior

• Parking: Three total garage/parking spaces; One driveway space; One off-street space; One parking lot space
• Utilities: Public water; Public septic; Cable TV available; Municipal trash not provided
• Home design: Manufactured single-wide home; Estimated year built
• Construction: Vinyl siding; Asphalt/fiberglass roof; Pillar/post/pier foundation; Colony make
• Exterior features: Patio and porch; Outbuilding(s)

Interior

• Kitchen: Electric oven/range
• Bedrooms: One bedroom on the main level
• Flooring: Laminate plank flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating; Propane (leased) heating fuel; Central air conditioning; Ceiling fan cooling; Electric hot water
• Interior features: Ceiling fans; Dining area; Skylights
• Laundry & utility: Dedicated laundry area

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $745 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.
• Cap rate 20.0% vs local median 4.3% in Bethlehem — 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 82/100 on livability (#138 in PA, #1,122 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F.
• Catasauqua Area SD (suburban): math 23% / reading 41% proficiency, ranked #431 of 539 in PA (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Francis H Sheckler El Sch (math 27% / reading 47%, grade F, #1,004 of 1,518 statewide, top 68%, 534 students, 100% FRL); Catasauqua Ms (math 17% / reading 40%, grade F, #395 of 512 statewide, top 78%, 448 students, 100% FRL); Catasauqua Shs (math 42% / reading 24%, grade F, #325 of 437 statewide, top 75%, 473 students, 81% FRL) — zoned schools average 94% FRL vs 39% district-wide (54 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+6.6%/yr); 58 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).
• This rent runs 31% of the median local income ($58k/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 $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lehigh County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,025 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 2.33% ✓
• Cap rate: 20.05%
• Cash-on-cash: 49.13%
• DSCR: 3.19
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.57% rent growth · sell at horizon

5-year hold

• IRR: 50.8%
• Equity multiple: 3.34×
• Total profit: $42,574
• Equity at exit: $9,692

10-year hold

• IRR: 57.6%
• Equity multiple: 7.76×
• Total profit: $123,120
• Equity at exit: $5,620

Cash invested: $18,200 (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 18109

• Home prices YoY: -21.9%
• Rents YoY: 6.6%
• Active inventory: 58
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,512 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $745

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 46%

Sensitivity live

Price	-10% $790	-5% $768	+0% $745	+5% $723	+10% $700
Rent	-10% $626	-5% $685	+0% $745	+5% $805	+10% $865
Rate	-1.0pp $778	-0.5pp $762	base $745	+0.5pp $728	+1.0pp $711

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2252 Catasauqua Rd Bethlehem, PA	1.0–2.0	1.0	767	$1,594	$2.08	3d	22	0.92mi
2132 Pennsylvania Ave Unit 00 K- 7 Bethlehem, PA	1.0	1.0	740	$1,600	$2.16	14d	1	0.97mi
2010B Pinehurst Ct Allentown, PA	1.0–2.0	1.0	844	$1,650	$1.95	3d	6	1.37mi
2104 Westgate Dr Bethlehem, PA	1.0–2.0	1.0	795	$1,475	$1.86	3d	5	1.44mi

Listing history 10 events

1. 2026-06-10
   days on market $65,000 Active 23 DOM
2. 2026-06-09
   days on market $65,000 Active 22 DOM
3. 2026-06-08
   days on market $65,000 Active 21 DOM
4. 2026-06-07
   days on market $65,000 Active 20 DOM
5. 2026-06-03
   days on market $65,000 Active 16 DOM
6. 2026-06-02
   days on market $65,000 Active 15 DOM
7. 2026-06-01
   days on market $65,000 Active 14 DOM
8. 2026-05-31
   days on market $65,000 Active 13 DOM
9. 2026-05-31
   days on market $65,000 Active 12 DOM
10. 2026-05-18
    listed $65,000 Active

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,142
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,451
• − Management: −$1,451
• − Depreciation: −$1,891
• Taxable income: $8,407
• Est. tax owed @ 24.0%: −$2,018
• After-tax cash flow: $6,924/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 · 30 photos

Good 80/100 Cosmetic rehab

This well-maintained mobile home is in good condition with recent updates to the roof, HVAC, and windows. It offers a comfortable living space with potential for further cosmetic improvements to enhance its curb appeal and value.

Value-add opportunities

• Both Paint the exterior siding and trim — Fresh paint can enhance curb appeal and property value.
• Both Replace the outdoor lighting fixtures — Upgraded lighting can improve safety and aesthetics.
• Both Install a new front door — A new door can significantly improve the home's curb appeal and security.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding and trim — Fresh paint can enhance curb appeal and property value. ↑
• Both Replace the outdoor lighting fixtures — Upgraded lighting can improve safety and aesthetics. ↑
• Both Install a new front door — A new door can significantly improve the home's curb appeal and security. ↑

ⓘ 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: Catasauqua Area SD
• NCES district ID: 4205160
• Math proficiency: 23% ▼ -15.00%
• Reading proficiency: 41% ▼ -21.00%
• Median HH income: $53,073
• Composite: 28.09/100
• National rank: #6832
• State rank: #431 of 539 in PA

Livability — Bethlehem

• Score: 82/100
• State rank: #138
• US rank: #1122

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lehigh County · 333,019 people
• City population: 129,661
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 18,446
• Household income: $58,031
• Rent vs Own: 47.9% rent · 52.1% own
• Severe rent burden: 898.0

Population outlook (Lehigh County) Hauer SSP2

• Today (2025): 392,957 people
• By 2030: 408,319 · +3.9%
• By 2040: 440,007 · +12.0%
• By 2050: 475,940 · +21.1%
• By 2075: 590,448 · +50.3%
• By 2100: 690,314 · +75.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: Hispanic / Latino 55% White 33% Two or more races 15% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 27% Cuban 1% Dominican 18%
• Common ancestry: Hispanic 2% Romanian 1% Polish 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 53% English-only · Spanish 37% Arabic 6% French/Haitian/Cajun 2%

Political lean MEDSL · Lehigh

• 2024 margin: Toss-up / Even · D 50.7% · R 48.0% · Other 1.2%
• 2008→2024 swing: -12.9pp toward R · 2008: 15.6pp · 2024: 2.7pp
• All cycles: 2024: D+2.7 2020: D+7.6 2016: D+4.4 2012: D+7.5 2008: D+15.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.00%
• Current HPI: 342.9027
• Rent YoY: ▲ 6.57%
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• 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

• 2026-05-18 Listed $65,000 BRIGHT MLS