4234 Independence Ln · Lehigh, PA 18088

$109,900

3 bd · 2.0 ba · 1,188 sqft · Manufactured public records · 120 Days on market

Built 2001 $93/sqft · 7% above area Est $103k · 7% over $800/mo HOA · 42% of rent

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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).

• Cash flow +13.0/30.0
• 1% rule +10.0/10.0
• ARV discount +4.5/15.0
• Schools +4.4/10.0
• DSCR +3.9/10.0
• 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

Welcome home to easy, comfortable living in Heritage Village Community! This lovingly maintained 3-bedroom, 2-bath home offers the perfect blend of space, functionality, and affordability. From the moment you step inside, you’ll appreciate the bright and open feel of the spacious living room — an inviting place to relax, gather, and unwind. The kitchen features a convenient peninsula that flows nicely into the dining area, creating a natural space for everyday meals or hosting friends and family. The generously sized primary bedroom includes its own private full bath, offering a peaceful retreat at the end of the day. Two additional bedrooms provide flexibility for guests, a home office, or hobby space. With two full bathrooms and first-floor laundry, the layout is designed for comfortable, everyday living. Step outside and enjoy your morning coffee on the covered front porch or spend evenings relaxing under the covered porch out back. A large storage shed and driveway add to the convenience. Central air and gas forced-air heat ensure year-round comfort. This home has been well cared for and is move-in ready, offering a wonderful opportunity to add your own personal touches over time. Lot rent is approximately $800/month. If you’ve been looking for an affordable place to call home in a welcoming community, this one is not to be missed. Schedule your showing today!

Key facts

• Parking
• Built 2001
• Listed 119 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $-5 ($-65/yr) — negative.
• To cash-flow at today's rent, offer at most $109k (0.9% below list).
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Northampton Area SD (suburban): math 47% / reading 54% proficiency, ranked #153 of 539 in PA (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 43 active listings in the ZIP; 567 units permitted in Northampton County in 2024 (151 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $110k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.

Recommended offer $100,009 (9.0% 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. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
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. 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?
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: 1.75% ✓
• Cap rate: 6.23%
• Cash-on-cash: -0.21%
• DSCR: 0.99
• GRM: 4.8

CMA / ARV

• ARV (median comp): $103,008
• List price: $109,900
• Delta: 6.69%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1237 Valley Forge Dr	0.25mi	3/2.0	1,188 (0%)	10mo	$112,000	$94	80
4196 Independence Ln	0.17mi	3/2.0	1,296 (+9%)	8mo	$95,000	$73	70

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-17,655
• Equity at exit: $16,386

10-year hold

• IRR: -6.9%
• Equity multiple: 0.55×
• Total profit: $-13,795
• Equity at exit: $9,502

Cash invested: $30,772 (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 18088

• Active inventory: 43
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,921 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$101 /mo · $1,206/yr
• Insurance: −$46
• HOA: −$800
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $-5

Break-even live

Break-even rent $1,927

Max offer price $108,943

Occupancy floor 95%

Sensitivity live

Price	-10% $57	-5% $26	+0% $-5	+5% $-37	+10% $-68
Rent	-10% $-157	-5% $-81	+0% $-5	+5% $70	+10% $146
Rate	-1.0pp $50	-0.5pp $23	base $-5	+0.5pp $-34	+1.0pp $-63

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $800 · $9,600/yr
• Likely covers: gas

Listing history 22 events

1. 2026-06-21
   days on market $109,900 Active 120 DOM
2. 2026-06-18
   days on market $109,900 Active 117 DOM
3. 2026-06-17
   days on market $109,900 Active 116 DOM
4. 2026-06-16
   days on market $109,900 Active 115 DOM
5. 2026-06-15
   days on market $109,900 Active 114 DOM
6. 2026-06-14
   days on market $109,900 Active 112 DOM
7. 2026-06-10
   days on market $109,900 Active 109 DOM
8. 2026-06-09
   days on market $109,900 Active 108 DOM
9. 2026-06-08
   days on market $109,900 Active 107 DOM
10. 2026-06-07
    days on market $109,900 Active 106 DOM
11. 2026-06-05
    days on market $109,900 Active 103 DOM
12. 2026-06-03
    days on market $109,900 Active 102 DOM
13. 2026-06-02
    days on market $109,900 Active 101 DOM
14. 2026-06-01
    days on market $109,900 Active 100 DOM
15. 2026-05-31
    days on market $109,900 Active 99 DOM
16. 2026-05-31
    days on market $109,900 Active 98 DOM
17. 2026-03-16
    price $109,900 1404-char remark

    Show marketing remark (1404 chars)

    Welcome home to easy, comfortable living in Heritage Village Community! This lovingly maintained 3-bedroom, 2-bath home offers the perfect blend of space, functionality, and affordability. From the moment you step inside, you’ll appreciate the bright and open feel of the spacious living room — an inviting place to relax, gather, and unwind. The kitchen features a convenient peninsula that flows nicely into the dining area, creating a natural space for everyday meals or hosting friends and family. The generously sized primary bedroom includes its own private full bath, offering a peaceful retreat at the end of the day. Two additional bedrooms provide flexibility for guests, a home office, or hobby space. With two full bathrooms and first-floor laundry, the layout is designed for comfortable, everyday living. Step outside and enjoy your morning coffee on the covered front porch or spend evenings relaxing under the covered porch out back. A large storage shed and driveway add to the convenience. Central air and gas forced-air heat ensure year-round comfort. This home has been well cared for and is move-in ready, offering a wonderful opportunity to add your own personal touches over time. Lot rent is approximately $800/month. If you’ve been looking for an affordable place to call home in a welcoming community, this one is not to be missed. Schedule your showing today!

18. 2026-02-22
    listed $119,900 Active 1404-char remark

    Show marketing remark (1404 chars)

    Welcome home to easy, comfortable living in Heritage Village Community! This lovingly maintained 3-bedroom, 2-bath home offers the perfect blend of space, functionality, and affordability. From the moment you step inside, you’ll appreciate the bright and open feel of the spacious living room — an inviting place to relax, gather, and unwind. The kitchen features a convenient peninsula that flows nicely into the dining area, creating a natural space for everyday meals or hosting friends and family. The generously sized primary bedroom includes its own private full bath, offering a peaceful retreat at the end of the day. Two additional bedrooms provide flexibility for guests, a home office, or hobby space. With two full bathrooms and first-floor laundry, the layout is designed for comfortable, everyday living. Step outside and enjoy your morning coffee on the covered front porch or spend evenings relaxing under the covered porch out back. A large storage shed and driveway add to the convenience. Central air and gas forced-air heat ensure year-round comfort. This home has been well cared for and is move-in ready, offering a wonderful opportunity to add your own personal touches over time. Lot rent is approximately $800/month. If you’ve been looking for an affordable place to call home in a welcoming community, this one is not to be missed. Schedule your showing today!

19. 2013-08-13
    soldstatus $50,000 365-char remark

    Show marketing remark (365 chars)

    This is a move in ready, beautifully maintained property, in one of the most private areas of the community. This three bedroom, two bathroom home has central air, a beautiful covered porch and covered patio, walk in closet and a large storage shed. Lot rent includes water, sewer, and trash. The owner has aggressively priced this property and is ready for offers!

20. 2013-07-26
    listed $54,900 365-char remark

    Show marketing remark (365 chars)

    This is a move in ready, beautifully maintained property, in one of the most private areas of the community. This three bedroom, two bathroom home has central air, a beautiful covered porch and covered patio, walk in closet and a large storage shed. Lot rent includes water, sewer, and trash. The owner has aggressively priced this property and is ready for offers!

21. 2010-08-17
    historical
22. 2010-02-17
    listed $78,500

ⓘ 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: $1,206 · $101/mo
• Projected year-2 tax: $1,471 · $123/mo
• Expected delta: +$265/yr (+$22/mo · 22.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,046
• − Mortgage interest: −$6,156
• − Property taxes: −$1,206
• − Insurance: −$550
• − Repairs & maintenance: −$1,844
• − Management: −$1,844
• − HOA: −$9,600
• − Depreciation: −$3,197
• Taxable loss: −$1,350
• Est. tax savings @ 24.0%: +$324
• After-tax cash flow: $259/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: Northampton Area SD
• NCES district ID: 4217370
• Math proficiency: 47% ▼ -1.00%
• Reading proficiency: 54% ▼ -13.00%
• Median HH income: $62,326
• Composite: 44.35/100
• National rank: #2822
• State rank: #153 of 539 in PA

Livability — Lehigh

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

Census & demographics

• Population (ZIP): 8,162

Population outlook (Northampton County) Hauer SSP2

• Today (2025): 312,227 people
• By 2030: 314,769 · +0.8%
• By 2040: 316,914 · +1.5%
• By 2050: 318,037 · +1.9%
• By 2075: 334,003 · +7.0%
• By 2100: 344,696 · +10.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 4% Black 2% Asian 1%
• Common ancestry: Polish 7% Romanian 3% Danish 3%
• Foreign-born: 2% · India, Canada
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 1%

Political lean MEDSL · Northampton

• 2024 margin: Toss-up / Even · D 48.6% · R 50.4%
• 2008→2024 swing: -14.1pp toward R · 2008: 12.3pp · 2024: -1.8pp
• All cycles: 2024: R+1.8 2020: D+0.7 2016: R+3.8 2012: D+4.6 2008: D+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -137.19%
• Current HPI: 203.2109
• Rent YoY: —
• Metro: —
• 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

+40.0% since first listed

6 events — show timeline

• 2026-03-16 Price Changed $109,900 GLVRMLS
• 2026-02-22 Listed $119,900 GLVRMLS
• 2013-08-13 Sold (MLS) $50,000 GLVRMLS
• 2013-07-26 Listed $54,900 GLVRMLS
• 2010-08-17 Listing Removed — GLVRMLS
• 2010-02-17 Listed $78,500 GLVRMLS

Property tax history

-2.5%/yr

Latest (2026): $1,206 · +4.4% YoY. Source: county tax records.