368 Countryside Cir · Richboro, PA 18938

$345,000

2 bd · 2.0 ba · 1,736 sqft · Manufactured · 42 Days on market

Built 1996 $199/sqft · at area comps Est $362k · 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 +18.8/30.0
• ARV discount +9.6/15.0
• DSCR +5.9/10.0
• Schools +5.8/10.0
• 1% rule +4.4/10.0
• 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

Welcome to this charming Lahaska model located in a desirable active 55+ community! Perfectly positioned to back to open space, this home offers both privacy and scenic views. Step onto the covered front porch and enter into a welcoming foyer with a convenient coat closet. The bright and airy living room flows seamlessly into the dining room, creating an ideal space for entertaining. The spacious kitchen features an island, eat-in area, and direct access to the garage—making grocery trips a breeze. Just off the kitchen, you’ll find a lovely sunroom filled with natural light, complete with sliding glass doors that lead to the back deck—perfect for enjoying peaceful outdoor views. The sunroom also offers access to both the front and back yards. Down the hall, a full bathroom with new flooring and a laundry room with exterior access add everyday convenience. The second bedroom is ideal for guests or a home office, while the primary suite is tucked privately at the end of the hall. The primary bedroom features a full wall closet and a spacious en-suite bathroom with new flooring, a soaking tub, separate shower stall, and a large vanity. This home is priced to allow you to add your personal touches and make it truly your own. Don’t miss this opportunity to enjoy comfort, convenience, and community living!

Key facts

• Garage
• Community pool
• Built 1996

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $345k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $325k (5.8% below list).
• Recommended offer: $325k (5.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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 $10k 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 42 days — a 3% lower offer ($335k) 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 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 $325,028 (5.8% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.94% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.32%
• DSCR: 1.19
• GRM: 8.8

CMA / ARV

• ARV (median comp): $361,546
• List price: $345,000
• Delta: -4.58%
• 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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-33,821
• Equity at exit: $51,441

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-1,158
• Equity at exit: $29,829

Cash invested: $96,600 (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: 8.8×

Monthly cashflow live

• Estimated rent: $3,250 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$267 /mo · $3,206/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$683
• Net cashflow: $348

Break-even live

Break-even rent $2,810

Max offer price $345,000

Occupancy floor 84%

Sensitivity live

Price	-10% $543	-5% $445	+0% $348	+5% $250	+10% $152
Rent	-10% $91	-5% $219	+0% $348	+5% $476	+10% $604
Rate	-1.0pp $521	-0.5pp $435	base $348	+0.5pp $258	+1.0pp $167

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: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $345,000 Active 42 DOM
2. 2026-06-18
   days on market $345,000 Active 39 DOM
3. 2026-06-17
   days on market $345,000 Active 38 DOM
4. 2026-06-16
   days on market $345,000 Active 37 DOM
5. 2026-06-15
   days on market $345,000 Active 36 DOM
6. 2026-06-13
   days on market $345,000 Active 34 DOM
7. 2026-06-09
   days on market $345,000 Active 30 DOM
8. 2026-06-08
   days on market $345,000 Active 29 DOM
9. 2026-06-07
   days on market $345,000 Active 28 DOM
10. 2026-06-04
    days on market $345,000 Active 25 DOM
11. 2026-06-03
    days on market $345,000 Active 24 DOM
12. 2026-06-02
    days on market $345,000 Active 23 DOM
13. 2026-06-01
    days on market $345,000 Active 22 DOM
14. 2026-05-31
    days on market $345,000 Active 21 DOM
15. 2026-05-13
    status Active 1345-char remark

    Show marketing remark (1345 chars)

    Welcome to this charming Lahaska model located in a desirable active 55+ community! Perfectly positioned to back to open space, this home offers both privacy and scenic views. Step onto the covered front porch and enter into a welcoming foyer with a convenient coat closet. The bright and airy living room flows seamlessly into the dining room, creating an ideal space for entertaining. The spacious kitchen features an island, eat-in area, and direct access to the garage—making grocery trips a breeze. Just off the kitchen, you’ll find a lovely sunroom filled with natural light, complete with sliding glass doors that lead to the back deck—perfect for enjoying peaceful outdoor views. The sunroom also offers access to both the front and back yards. Down the hall, a full bathroom with new flooring and a laundry room with exterior access add everyday convenience. The second bedroom is ideal for guests or a home office, while the primary suite is tucked privately at the end of the hall. The primary bedroom features a full wall closet and a spacious en-suite bathroom with new flooring, a soaking tub, separate shower stall, and a large vanity. This home is priced to allow you to add your personal touches and make it truly your own. Don’t miss this opportunity to enjoy comfort, convenience, and community living!

16. 2026-04-25
    status Pending 1345-char remark

    Show marketing remark (1345 chars)

    Welcome to this charming Lahaska model located in a desirable active 55+ community! Perfectly positioned to back to open space, this home offers both privacy and scenic views. Step onto the covered front porch and enter into a welcoming foyer with a convenient coat closet. The bright and airy living room flows seamlessly into the dining room, creating an ideal space for entertaining. The spacious kitchen features an island, eat-in area, and direct access to the garage—making grocery trips a breeze. Just off the kitchen, you’ll find a lovely sunroom filled with natural light, complete with sliding glass doors that lead to the back deck—perfect for enjoying peaceful outdoor views. The sunroom also offers access to both the front and back yards. Down the hall, a full bathroom with new flooring and a laundry room with exterior access add everyday convenience. The second bedroom is ideal for guests or a home office, while the primary suite is tucked privately at the end of the hall. The primary bedroom features a full wall closet and a spacious en-suite bathroom with new flooring, a soaking tub, separate shower stall, and a large vanity. This home is priced to allow you to add your personal touches and make it truly your own. Don’t miss this opportunity to enjoy comfort, convenience, and community living!

17. 2026-04-23
    listed $345,000 Active 1345-char remark

    Show marketing remark (1345 chars)

    Welcome to this charming Lahaska model located in a desirable active 55+ community! Perfectly positioned to back to open space, this home offers both privacy and scenic views. Step onto the covered front porch and enter into a welcoming foyer with a convenient coat closet. The bright and airy living room flows seamlessly into the dining room, creating an ideal space for entertaining. The spacious kitchen features an island, eat-in area, and direct access to the garage—making grocery trips a breeze. Just off the kitchen, you’ll find a lovely sunroom filled with natural light, complete with sliding glass doors that lead to the back deck—perfect for enjoying peaceful outdoor views. The sunroom also offers access to both the front and back yards. Down the hall, a full bathroom with new flooring and a laundry room with exterior access add everyday convenience. The second bedroom is ideal for guests or a home office, while the primary suite is tucked privately at the end of the hall. The primary bedroom features a full wall closet and a spacious en-suite bathroom with new flooring, a soaking tub, separate shower stall, and a large vanity. This home is priced to allow you to add your personal touches and make it truly your own. Don’t miss this opportunity to enjoy comfort, convenience, and community living!

18. 2026-04-17
    historical $345,000 1345-char remark

    Show marketing remark (1345 chars)

    Welcome to this charming Lahaska model located in a desirable active 55+ community! Perfectly positioned to back to open space, this home offers both privacy and scenic views. Step onto the covered front porch and enter into a welcoming foyer with a convenient coat closet. The bright and airy living room flows seamlessly into the dining room, creating an ideal space for entertaining. The spacious kitchen features an island, eat-in area, and direct access to the garage—making grocery trips a breeze. Just off the kitchen, you’ll find a lovely sunroom filled with natural light, complete with sliding glass doors that lead to the back deck—perfect for enjoying peaceful outdoor views. The sunroom also offers access to both the front and back yards. Down the hall, a full bathroom with new flooring and a laundry room with exterior access add everyday convenience. The second bedroom is ideal for guests or a home office, while the primary suite is tucked privately at the end of the hall. The primary bedroom features a full wall closet and a spacious en-suite bathroom with new flooring, a soaking tub, separate shower stall, and a large vanity. This home is priced to allow you to add your personal touches and make it truly your own. Don’t miss this opportunity to enjoy comfort, convenience, and community living!

ⓘ 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: $3,206 · $267/mo
• Projected year-2 tax: $4,329 · $361/mo
• Expected delta: +$1,122/yr (+$94/mo · 35.0%)

ⓘ 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: $39,003
• − Mortgage interest: −$19,325
• − Property taxes: −$3,206
• − Insurance: −$1,725
• − Repairs & maintenance: −$3,120
• − Management: −$3,120
• − Depreciation: −$10,036
• Taxable loss: −$1,530
• Est. tax savings @ 24.0%: +$367
• After-tax cash flow: $4,538/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

+0.0% since first listed

4 events — show timeline

• 2026-05-13 Relisted — BRIGHT MLS
• 2026-04-25 Pending — BRIGHT MLS
• 2026-04-23 Listed $345,000 BRIGHT MLS
• 2026-04-17 Coming Soon $345,000 BRIGHT MLS

Property tax history

+1.3%/yr

Latest (2026): $3,206 · +6.1% YoY. Source: county tax records.