143 Raven Ct · Richboro, PA 18938

$295,000

2 bd · 2.0 ba · 1,352 sqft · Manufactured · 93 Days on market

Built 1993 $218/sqft · at area comps Est $286k · at est.

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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).

• Cash flow +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +6.1/15.0
• Schools +5.8/10.0
• 1% rule +5.6/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss this spacious Bryn Athyn model located on a desirable corner lot in the 55+ community of Buckingham Springs. This inviting home features an open kitchen with a bright breakfast room, along with a formal living room and dining room—perfect for entertaining guests. Enjoy the beautiful sunroom, complete with a large storage closet and direct access to the patio, offering a great space to relax year-round. The home includes two generously sized bedrooms, each with walk-in closets, and two full bathrooms. Come experience all this lovely home has to offer—you may just fall in love!

Key facts

• Breakfast room
• Sunroom
• Dining room

Tags

• CORNER LOT
• OPEN KITCHEN
• BREAKFAST ROOM
• FORMAL LIVING ROOM
• DINING ROOM
• SUNROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $295k.

Deal economics

• At list price, monthly cash flow is $584 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $295k).
• Recommended offer: $268k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 2.6% in Richboro — 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 75/100 on livability (#459 in PA, #4,183 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Central Bucks SD (suburban): math 55% / reading 71% proficiency, ranked #37 of 539 in PA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 7% free/reduced lunch — higher-income household profile.
• Zoned schools: Buckingham El Sch (math 58% / reading 78%, grade B+, #187 of 1,518 statewide, top 13%, 450 students, 12% FRL); Holicong Ms (math 39% / reading 68%, grade C+, #86 of 512 statewide, top 17%, 938 students, 9% FRL); Central Bucks Hs-East (math 93%, 1,365 students, 7% FRL) — zoned schools at 9% FRL track the district average.
• Market conditions: 127 active listings in the ZIP; high-income renter base; 663 units permitted in Bucks County in 2024 (106 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Bucks County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($268k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y 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 $170k; list at $295k implies a 74% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $268,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
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: 1.06% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.49%
• DSCR: 1.38
• GRM: 7.9

CMA / ARV

• ARV (median comp): $286,268
• List price: $295,000
• Delta: 3.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-10,630
• Equity at exit: $43,985

10-year hold

• IRR: 6.2%
• Equity multiple: 1.47×
• Total profit: $38,462
• Equity at exit: $25,506

Cash invested: $82,600 (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 18938

• Home prices YoY: -31.6%
• Active inventory: 127
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $3,113 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$205 /mo · $2,461/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$654
• Net cashflow: $584

Break-even live

Break-even rent $2,373

Max offer price $295,000

Occupancy floor 76%

Sensitivity live

Price	-10% $751	-5% $668	+0% $584	+5% $501	+10% $418
Rent	-10% $339	-5% $462	+0% $584	+5% $707	+10% $830
Rate	-1.0pp $733	-0.5pp $660	base $584	+0.5pp $508	+1.0pp $430

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $295,000 Active 93 DOM
2. 2026-06-18
   days on market $295,000 Active 90 DOM
3. 2026-06-17
   days on market $295,000 Active 89 DOM
4. 2026-06-16
   days on market $295,000 Active 88 DOM
5. 2026-06-15
   days on market $295,000 Active 87 DOM
6. 2026-06-13
   days on market $295,000 Active 85 DOM
7. 2026-06-09
   days on market $295,000 Active 81 DOM
8. 2026-06-08
   days on market $295,000 Active 80 DOM
9. 2026-06-07
   pricedays on market $295,000 Active 79 DOM
10. 2026-06-04
    days on market $305,000 Active 76 DOM
11. 2026-06-03
    days on market $305,000 Active 75 DOM
12. 2026-06-02
    days on market $305,000 Active 74 DOM
13. 2026-06-01
    days on market $305,000 Active 73 DOM
14. 2026-05-31
    days on market $305,000 Active 72 DOM
15. 2026-03-20
    listed $305,000 Active 611-char remark

    Show marketing remark (611 chars)

    Don’t miss this spacious Bryn Athyn model located on a desirable corner lot in the 55+ community of Buckingham Springs. This inviting home features an open kitchen with a bright breakfast room, along with a formal living room and dining room—perfect for entertaining guests. Enjoy the beautiful sunroom, complete with a large storage closet and direct access to the patio, offering a great space to relax year-round. The home includes two generously sized bedrooms, each with walk-in closets, and two full bathrooms. Come experience all this lovely home has to offer—you may just fall in love!

16. 2017-08-01
    soldstatus $170,000 1579-char remark

    Show marketing remark (1579 chars)

    In the be beautiful village of Buckingham Springs is a lovely, well maintained home in turn-key condition. As you enter into the open living area, you'll immediately notice the abundant light. On your right is the large kitchen located in the front of the house. The kitchen has lots of counter space and a dining area that is ideal for everyday dining or your favorite morning beverage. New faucets and cabinet hardware lend eye appeal and practicality to this welcoming room. From the rear of the kitchen, you enter the separate dining area that affords expansion for additional guests at the table. Just down the hallway on your right, is the hall leading to a full size washer/dryer, utility tub and useful storage. Further on is the 20' X 10' Florida room. With sliding windows and a sliding door, all with screens, this offers year-round enjoyment. Leaving the veranda, your next view is the second bedroom with a walk-in closet. This comfortable room is opposite a full bath. Just down the hallway is the master bedroom with its own full bath and walk-in closet. In addition to abundant indoor storage is a shed to keep not-every-day items and perhaps, garden tools. A new roof in 2011 and a new HVAC unit installed in 2009 are pluses. Buckingham Springs, a 55+ development, offers a quiet and friendly atmosphere for active and not-so-active folks. The village has many recreational activities including the Bridge Club, Darts League. Enjoy the seasonal pool or a cookout at your home. Pets are allowed but just two per household. Call now to see this home and community.

17. 2017-08-01
    soldstatus $170,000 Sold

    Show marketing remark (1579 chars)

    In the be beautiful village of Buckingham Springs is a lovely, well maintained home in turn-key condition. As you enter into the open living area, you'll immediately notice the abundant light. On your right is the large kitchen located in the front of the house. The kitchen has lots of counter space and a dining area that is ideal for everyday dining or your favorite morning beverage. New faucets and cabinet hardware lend eye appeal and practicality to this welcoming room. From the rear of the kitchen, you enter the separate dining area that affords expansion for additional guests at the table. Just down the hallway on your right, is the hall leading to a full size washer/dryer, utility tub and useful storage. Further on is the 20' X 10' Florida room. With sliding windows and a sliding door, all with screens, this offers year-round enjoyment. Leaving the veranda, your next view is the second bedroom with a walk-in closet. This comfortable room is opposite a full bath. Just down the hallway is the master bedroom with its own full bath and walk-in closet. In addition to abundant indoor storage is a shed to keep not-every-day items and perhaps, garden tools. A new roof in 2011 and a new HVAC unit installed in 2009 are pluses. Buckingham Springs, a 55+ development, offers a quiet and friendly atmosphere for active and not-so-active folks. The village has many recreational activities including the Bridge Club, Darts League. Enjoy the seasonal pool or a cookout at your home. Pets are allowed but just two per household. Call now to see this home and community.

18. 2017-06-29
    status Under Contract
19. 2017-06-14
    status Active
20. 2017-05-31
    historical Contingent - Other
21. 2017-05-25
    price $172,900
22. 2017-04-26
    price $178,400
23. 2016-10-22
    listed $179,900 Active

ⓘ 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: $2,461 · $205/mo
• Projected year-2 tax: $3,561 · $297/mo
• Expected delta: +$1,100/yr (+$92/mo · 44.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,359
• − Mortgage interest: −$16,525
• − Property taxes: −$2,461
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,989
• − Management: −$2,989
• − Depreciation: −$8,582
• Taxable income: $2,340
• Est. tax owed @ 24.0%: −$562
• After-tax cash flow: $6,452/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: Central Bucks SD
• NCES district ID: 4205310
• Math proficiency: 55% ▼ -12.00%
• Reading proficiency: 71% ▼ -12.00%
• Median HH income: $97,513
• Composite: 58.05/100
• National rank: #1032
• State rank: #37 of 539 in PA

Livability — Richboro

• Score: 75/100
• State rank: #459
• US rank: #4183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bucks County · 506,477 people
• City population: 10,864
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 13,649
• Household income: $184,833
• Rent vs Own: 11.0% rent · 89.0% own
• Severe rent burden: 212.0

Population outlook (Bucks County) Hauer SSP2

• Today (2025): 630,973 people
• By 2030: 627,093 · -0.6%
• By 2040: 609,680 · -3.4%
• By 2050: 584,225 · -7.4%
• By 2075: 539,840 · -14.4%
• By 2100: 483,970 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Asian 6% Hispanic / Latino 4%
• Common ancestry: Romanian 8% Italian 4% Scotch-Irish 3%
• Foreign-born: 10% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Other Indo-European 2% Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Bucks

• 2024 margin: Toss-up / Even · D 49.5% · R 49.5%
• 2008→2024 swing: -8.7pp toward R · 2008: 8.7pp · 2024: -0.1pp
• All cycles: 2024: R+0.1 2020: D+4.4 2016: D+0.6 2012: D+1.2 2008: D+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -133.64%
• Current HPI: 289.3189
• Rent YoY: —
• 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

+69.5% since first listed

9 events — show timeline

• 2026-03-20 Listed $305,000 BRIGHT MLS
• 2017-08-01 Sold (MLS) $170,000 TREND
• 2017-08-01 Sold (MLS) $170,000 BRIGHT MLS
• 2017-06-29 Pending — TREND
• 2017-06-14 Relisted — TREND
• 2017-05-31 Contingent — TREND
• 2017-05-25 Price Changed $172,900 TREND
• 2017-04-26 Price Changed $178,400 TREND
• 2016-10-22 Listed $179,900 TREND

Property tax history

+1.3%/yr

Latest (2026): $2,461 · +6.1% YoY. Source: county tax records.