1836 3rd St · Levittown, PA 19047

$370,000

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 28 Days on market

Built 1970 0.31 ac lot Est $433k · 15% under

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Why this score? — see what drove the D+ 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 +14.1/15.0
• Cash flow +13.1/30.0
• Schools +4.5/10.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

BOM - HUD Home. Year Built 1970, LBP is required for all properties built before 1978. Sold "AS IS" by elec. bid only. Prop avail 03/06/2026. Bidding Process, Bid Due/Expiration dates, HUD's Insurability and other important information is posted on www. hudhomestore. gov. FHA Case #441-759726. Insured w Escrow Repairs. Eligible for FHA 203K. Financing Terms: FHA 203K, FHA 203B, Cash or Conventional Finance. Located in desirable Langhorne, This spacious Rancher with full basement and large open yard can be your home. Close to Shopping, transportation, schools and parks. Don't miss out on the opportunity. Buyer to verify all information prior to bidding. Go to website for more infor

Key facts

• 0.31 acre lot
• 4 parking spots
• Built 1970

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-14 ($-173/yr) — negative.
• To cash-flow at today's rent, offer at most $367k (0.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $319k (13.8% below list).
• Recommended offer: $319k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.9% in Levittown — 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 (#470 in PA, #4,342 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A-; Watch: amenities F, commute F.
• Neshaminy SD (suburban): math 41% / reading 57% proficiency, ranked #150 of 539 in PA (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 126 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 663 units permitted in Bucks County in 2024 (106 in 5+ unit buildings).
• This rent runs 35% of the median local income ($110k/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 $3k of loan paydown is wiped out by about $11k 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 28 days — a 2% lower offer ($364k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• 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 $319,001 (13.8% 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. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.86% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.17%
• DSCR: 0.99
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $433,440
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1711 3rd St	0.13mi	3/1.5	1,236 (-2%)	9mo	$425,000	$344	81

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.81% rent growth · sell at horizon

5-year hold

• IRR: -19.0%
• Equity multiple: 0.35×
• Total profit: $-67,719
• Equity at exit: $55,168

10-year hold

• IRR: -16.8%
• Equity multiple: 0.16×
• Total profit: $-87,027
• Equity at exit: $31,991

Cash invested: $103,600 (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 19047

• Rents YoY: 0.8%
• Active inventory: 126
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $3,190 medium
• Mortgage (P&I): −$1,940
• Tax from tax record: −$440 /mo · $5,281/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $-14

Break-even live

Break-even rent $3,208

Max offer price $367,452

Occupancy floor 95%

Sensitivity live

Price	-10% $195	-5% $90	+0% $-14	+5% $-119	+10% $-224
Rent	-10% $-266	-5% $-140	+0% $-14	+5% $112	+10% $238
Rate	-1.0pp $172	-0.5pp $80	base $-14	+0.5pp $-110	+1.0pp $-208

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: $92,500
• Closing costs: $11,100
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8101 Fonthill Ct Langhorne, PA	1.0–2.0	1.0–2.0	907	$2,896	$3.19	2d	4	0.19mi
200 Middletown Blvd Langhorne, PA	1.0–3.0	1.0–2.0	1077	$4,059	$3.77	2d	84	0.36mi
100 Harpers Xing Langhorne, PA	1.0–3.0	1.0–2.0	1071	$3,295	$3.08	2d	29	0.90mi
100 Barclay Ct Langhorne, PA	2.0	2.0	1189	$2,430	$2.04	2d	1	1.18mi

Listing history 4 events

1. 2026-03-09
   status Pending
2. 2026-03-06
   status Active
3. 2026-02-10
   status Pending
4. 2026-01-16
   listed $370,000 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: $5,281 · $440/mo
• Projected year-2 tax: $5,563 · $464/mo
• Expected delta: +$283/yr (+$24/mo · 5.4%)

ⓘ 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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,280
• − Mortgage interest: −$20,726
• − Property taxes: −$5,281
• − Insurance: −$1,850
• − Repairs & maintenance: −$3,062
• − Management: −$3,062
• − Depreciation: −$10,764
• Taxable loss: −$6,465
• Est. tax savings @ 24.0%: +$1,552
• After-tax cash flow: $1,378/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: Neshaminy SD
• NCES district ID: 4216410
• Math proficiency: 41% ▼ -10.00%
• Reading proficiency: 57% ▼ -14.00%
• Median HH income: $78,072
• Composite: 44.58/100
• National rank: #2782
• State rank: #150 of 539 in PA

Livability — Levittown

• Score: 75/100
• State rank: #470
• US rank: #4342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bucks County · 506,477 people
• City population: 33,478
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 34,563
• Household income: $109,530
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 1064.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 6% Black 5% Hispanic / Latino 4% Asian 4%
• Common ancestry: Romanian 7% Slovak 2% Subsaharan African 1%
• Foreign-born: 7% · Canada, China, Dominican Republic
• Languages at home: 91% English-only · Other Indo-European 3% Spanish 2% 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: ▼ -288.47%
• Current HPI: 304.1718
• Rent YoY: ▲ 0.81%
• 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

4 events — show timeline

• 2026-03-09 Pending — BRIGHT MLS
• 2026-03-06 Relisted — BRIGHT MLS
• 2026-02-10 Pending — BRIGHT MLS
• 2026-01-16 Listed $370,000 BRIGHT MLS

Property tax history

+1.5%/yr

Latest (2026): $5,281 · +7.2% YoY. Source: county tax records.