100 New Jersey Ave · Brittany Farms-The Highlands, PA 18914

$315,000

3 bd · 2.0 ba · 2,143 sqft · SingleFamily public records · 15 Days on market

Built 2002 0.43 ac lot Est $604k · 48% under ↓ 26% since listing

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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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.9/10.0
• Schools +5.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well maintained cape cod. All newer windows- newer heater, hardwood floors, very neutral and very clean- ready for a quick settlement. Five heating zones, full basement, two car garage- this is an incredible find!! Fireplace large family room for entertaining- corner lot- too many great features to mention- you must see this one!!

Key facts

• 0.43 acre lot
• 2 garage spots
• Built 2002

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $315k).
• Recommended offer: $310k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.9% in Brittany Farms-The Highlands — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Central Bucks Hs-West (math 94% / reading 24%, grade C+, #81 of 437 statewide, top 18%, 1,504 students, 12% FRL).
• Market conditions: 132 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 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 15 days — a 2% lower offer ($310k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 24y ago; this cycle's ask has dropped $235k (43%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $310,275 (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. 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.
3. 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.
4. 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: 1.09% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.72%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $604,326
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
163 Pennsylvania Ave	0.19mi	3/2.0	2,249 (+5%)	0mo	$350,000	$156	82
127 Hampshire Dr	0.15mi	4/2.0 (+1)	2,076 (-3%)	10mo	$592,000	$285	74
220 Hampshire Dr	0.34mi	4/2.0 (+1)	2,092 (-2%)	2mo	$525,000	$251	74
200 Cornwall Dr	0.40mi	4/2.5 (+1)	2,124 (-1%)	8mo	$600,000	$282	66
202 Cornwall Dr	0.41mi	4/2.5 (+1)	2,209 (+3%)	6mo	$575,000	$260	64
245 Hampshire Dr	0.47mi	4/1.5 (+1)	2,100 (-2%)	7mo	$475,000	$226	62
15 Clearview Ave	0.74mi	3/2.0	1,982 (-8%)	0mo	$615,000	$310	53
50 Hickory Ln	0.66mi	4/2.5 (+1)	2,028 (-5%)	2mo	$585,000	$288	52
214 Surrey Rd	0.41mi	4/1.5 (+1)	1,920 (-10%)	7mo	$450,000	$234	51
46 Hickory Ln	0.67mi	4/2.5 (+1)	2,028 (-5%)	6mo	$600,000	$296	47
121 North Ln	0.28mi	4/2.5 (+1)	2,464 (+15%)	12mo	$610,000	$248	45
48 Hickory Ln	0.67mi	4/2.5 (+1)	2,028 (-5%)	12mo	$625,000	$308	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.78×
• Total profit: $-19,512
• Equity at exit: $46,968

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $23,838
• Equity at exit: $27,235

Cash invested: $88,200 (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 18914

• Active inventory: 132
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $3,442 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$442 /mo · $5,305/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$723
• Net cashflow: $494

Break-even live

Break-even rent $2,817

Max offer price $315,000

Occupancy floor 81%

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Pipers Pl Chalfont, PA	3.0	2.5	1540	$2,800	$1.82	4d	1	0.60mi
105 Galway Cir Chalfont, PA	3.0	2.5	2020	$2,695	$1.33	43d	1	0.87mi
328 Foxtail Ln Chalfont, PA	3.0	2.5	2343	$3,800	$1.62	24d	1	0.94mi
312 W Boulder Dr Chalfont, PA	3.0	2.5	2150	$3,200	$1.49	2d	1	1.11mi
212 Foxhedge Rd Chalfont, PA	4.0	3.0	2080	$3,900	$1.88	1d	1	1.14mi

Listing history 12 events

1. 2026-04-14
   price $265,000
2. 2026-03-11
   price $315,000
3. 2026-02-25
   price $415,000
4. 2026-02-25
   status Pending
5. 2026-02-25
   price $315,000
6. 2026-02-10
   status Active
7. 2026-02-10
   listed Active Under Contract
8. 2026-02-10
   listed $549,900
9. 2004-12-09
   soldstatus $280,000
10. 2004-11-23
    soldstatus $280,000 332-char remark

    Show marketing remark (332 chars)

    Well maintained cape cod. All newer windows- newer heater, hardwood floors, very neutral and very clean- ready for a quick settlement. Five heating zones, full basement, two car garage- this is an incredible find!! Fireplace large family room for entertaining- corner lot- too many great features to mention- you must see this one!!

11. 2002-12-29
    historical
12. 2002-09-21
    listed $359,990

ⓘ 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: $5,305 · $442/mo
• Projected year-2 tax: $5,305 · $442/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 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 · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,301
• − Mortgage interest: −$17,645
• − Property taxes: −$5,305
• − Insurance: −$1,575
• − Repairs & maintenance: −$3,304
• − Management: −$3,304
• − Depreciation: −$9,164
• Taxable income: $1,005
• Est. tax owed @ 24.0%: −$241
• After-tax cash flow: $5,684/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 — Brittany Farms-The Highlands

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Brittany Farms-The Highlands, PA
• County: Bucks County · 506,477 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 21,598
• Household income: $148,824
• Rent vs Own: 13.9% rent · 86.1% own
• Severe rent burden: 325.0

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% Asian 6% Black 4% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Romanian 6% Lithuanian 2% Italian 2%
• Foreign-born: 8% · Canada, South Korea, China
• Languages at home: 90% English-only · Other Indo-European 3% Spanish 2% Korean 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: ▼ -373.34%
• Current HPI: 286.574
• 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

-26.4% since first listed

12 events — show timeline

• 2026-04-14 Price Changed $265,000 BRIGHT MLS
• 2026-03-11 Price Changed $315,000 BRIGHT MLS
• 2026-02-25 Price Changed $415,000 BRIGHT MLS
• 2026-02-25 Pending — BRIGHT MLS
• 2026-02-25 Price Changed $315,000 BRIGHT MLS
• 2026-02-10 Relisted — BRIGHT MLS
• 2026-02-10 Listed — BRIGHT MLS
• 2026-02-10 Listed $549,900 BRIGHT MLS
• 2004-12-09 Sold (Public Records) $280,000 Public Records
• 2004-11-23 Sold (MLS) $280,000 BRIGHT MLS
• 2002-12-29 Listing Removed — BRIGHT MLS
• 2002-09-21 Listed $359,990 BRIGHT MLS

Property tax history

+1.5%/yr

Latest (2026): $5,305 · +5.7% YoY. Source: county tax records.