10104 Fernwood Ln · Breinigsville, PA 18031

$149,850

3 bd · 2.0 ba · 1,136 sqft · SingleFamily · 136 Days on market

Built 2025 Good condition 3,000 sqft lot $132/sqft · 56% below area $620/mo HOA · 25% of rent ↓ 6% since listing

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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 +24.4/30.0
• 1% rule +10.0/10.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• Appreciation +4.6/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +3.0/5.0

Listing remarks MLS

Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move in and make it your own. Terryhill is a unique community offering abundant green space and a peaceful natural setting, featuring wooded areas, a gentle stream, walking paths, blackberry bushes, and fruit trees, including more than 100 pawpaw trees. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, and kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces. This is a wonderful opportunity to enjoy a brand-new home in a welcoming community set in a beautiful rural landscape.

Key facts

• Hudson double wide
• Gentle stream
• Wooded areas

Tags

• HUDSON DOUBLE WIDE
• ABUNDANT GREEN SPACE
• WOODED AREAS
• GENTLE STREAM
• WALKING PATHS
• BLACKBERRY BUSHES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $250 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 2.9% in Breinigsville — 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 63/100 on livability (#1,251 in PA) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Parkland SD (suburban): math 59% / reading 70% proficiency, ranked #40 of 539 in PA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.9%/yr); 123 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 765 units permitted in Lehigh County in 2024 (286 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-0.7%/yr); year-one equity from $1k of loan paydown is wiped out by about $1k 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 (-0.7% appreciation + 1.9% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; HOA is 25% of rent.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,868 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.66% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.73%
• DSCR: 1.39
• GRM: 5.0

CMA / ARV

• ARV (median comp): $343,072
• List price: $149,850
• Delta: -56.32%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-0.72% appreciation · 1.92% rent growth · sell at horizon

5-year hold

• IRR: 2.3%
• Equity multiple: 1.10×
• Total profit: $4,311
• Equity at exit: $38,210

10-year hold

• IRR: 7.4%
• Equity multiple: 1.70×
• Total profit: $29,553
• Equity at exit: $41,887

Cash invested: $41,958 (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 18031

• Home prices YoY: -0.3%
• Rents YoY: 1.9%
• Active inventory: 123
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,482 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$620
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $250

Break-even live

Break-even rent $2,166

Max offer price $149,850

Occupancy floor 85%

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: $37,462
• Closing costs: $4,496
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9751 Newtown Rd Unit B Breinigsville, PA	2.0	1.0	1288	$2,300	$1.79	2d	1	0.64mi

HOA detail

• Monthly dues: $620 · $7,440/yr
• Likely covers: watertrashelectricsnow removal

Listing history 11 events

1. 2026-05-31
   status $149,850 Pending 136 DOM
2. 2026-05-31
   days on market $149,850 Active 136 DOM
3. 2026-05-31
   days on market $149,850 Active 135 DOM
4. 2026-05-06
   price $149,850 1859-char remark

   Show marketing remark (1504 chars)

   Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

5. 2026-05-06
   price $149,850 1504-char remark

   Show marketing remark (1504 chars)

   Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

6. 2026-03-02
   price $149,900 1859-char remark

   Show marketing remark (1504 chars)

   Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

7. 2026-03-02
   price $149,900 1504-char remark

   Show marketing remark (1504 chars)

   Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

8. 2026-01-28
   historical
9. 2026-01-15
   listed $159,900 Active 1859-char remark

   Show marketing remark (1504 chars)

   Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

10. 2026-01-15
    listed $159,900 Active 1504-char remark

    Show marketing remark (1504 chars)

    Brand new Hudson Double Wide by Eagle River Homes, located in the desirable Terryhill Mobile Home Community, this never-lived-in 3-bedroom, 2-bath manufactured home is ready for you to move right in. The home is beautifully positioned within the community, overlooking open land and scenic farmland, creating a quiet rural atmosphere while still being just moments from Route 222 for easy access to Lehigh Valley and Kutztown amenities. Inside, the home offers a bright, open floor plan with a seamlessly connected living room, dining area, & kitchen. The spacious living room measures approximately 18' x 12', making it ideal for both relaxing and entertaining. The kitchen is thoughtfully designed with a center island with breakfast seating, wood-grain flooring, Ozark cabinetry, ample lighting, and a full suite of appliances including a deluxe range, dishwasher, refrigerator, and over-the-range microwave. A rear laundry room with a convenient side entrance is located just off the kitchen. The primary bedroom suite includes a private bathroom with a stall shower, while the second and third bedrooms are generously sized and share a well-appointed hall bath. Additional features include OSB wrap, wind wrap, ice guard, 200-amp electrical service, a whole-house water shutoff valve, R-22 floor insulation, and R-30 roof insulation for comfort and efficiency. Affordable lot rent includes snow removal, trash, and recycling services, and the home also offers two private, paved parking spaces.

11. 2025-12-05
    listed $159,000 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 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,783
• − Mortgage interest: −$8,394
• − Property taxes: −$2,248
• − Insurance: −$1,416
• − Repairs & maintenance: −$2,383
• − Management: −$2,383
• − HOA: −$7,440
• − Depreciation: −$4,359
• Taxable income: $1,161
• Est. tax owed @ 24.0%: −$279
• After-tax cash flow: $2,716/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 · 1 photo

Good 80/100 None rehab

This brand new manufactured home is in excellent condition with no visible repairs needed. It's located in a desirable community with ample green space and is ready for immediate occupancy.

Value-add opportunities

• Both Painting the exterior — Fresh paint can enhance curb appeal and the home's value.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants.
• Both Interior updates (if needed) — Updating the interior can improve the home's appeal and value, especially if it's being sold or rented out.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Fresh paint can enhance curb appeal and the home's value. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Both Interior updates (if needed) — Updating the interior can improve the home's appeal and value, especially if it's being sold or rented out. ↑

ⓘ 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: Parkland SD
• NCES district ID: 4218510
• Math proficiency: 59% ▼ -11.00%
• Reading proficiency: 70% ▼ -12.00%
• Median HH income: $77,976
• Composite: 57.44/100
• National rank: #1074
• State rank: #40 of 539 in PA

Livability — Breinigsville

• Score: 63/100
• State rank: #1251
• US rank: #15041

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lehigh County · 333,019 people
• City population: 11,570
• Metro: Allentown-Bethlehem-Easton, PA-NJ
• Population (ZIP): 11,570
• Household income: $113,625
• Rent vs Own: 23.7% rent · 76.3% own
• Severe rent burden: 52.0

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 0.58)
• Race & ethnicity: White 61% Hispanic / Latino 19% Two or more races 17% Asian 12% Black 5%
• Hispanic origin (detail): Mexican 6% Puerto Rican 7% Dominican 3%
• Common ancestry: Polish 4% Lithuanian 3% Scandinavian 3%
• Foreign-born: 19% · Canada, United Kingdom, China
• Languages at home: 76% English-only · Spanish 10% Other Indo-European 8% Other Asian/Pacific 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: ▼ -0.72%
• Current HPI: 267.8218
• Rent YoY: ▲ 1.92%
• 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

-5.8% since first listed

8 events — show timeline

• 2026-05-06 Price Changed $149,850 BRIGHT MLS
• 2026-05-06 Price Changed $149,850 GLVRMLS
• 2026-03-02 Price Changed $149,900 BRIGHT MLS
• 2026-03-02 Price Changed $149,900 GLVRMLS
• 2026-01-28 Listing Removed — BRIGHT MLS
• 2026-01-15 Listed $159,900 GLVRMLS
• 2026-01-15 Listed $159,900 BRIGHT MLS
• 2025-12-05 Listed $159,000 BRIGHT MLS