6 Walnut Ln · Quakertown, PA 18951

$129,500

3 bd · 2.0 ba · 1,152 sqft · Manufactured · 338 Days on market

Built 1983 0.25 ac lot $112/sqft · 10% below area Est $144k · 10% under

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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 +30.0/30.0
• ARV discount +12.2/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you are looking for a move in ready home with 3 bedroom, 2 bath and lots of charm , you’ve found it. A large front porch invites you into an open concept mixed with some old world design to please everyone. The kitchen has all stainless appliances and an island for convenience. There are two tub showers in the bathrooms. There is also a rear deck that opens to a sizable yard. The $ 941 monthly lease fee includes 1500 gallons of water/sewer use, mini golf , chip and putt, fishing ponds pool, and use of the community hall for private functions. Park approval required

Key facts

• Sizable yard
• Large front porch
• Open concept

Tags

• LARGE FRONT PORCH
• OPEN CONCEPT
• STAINLESS APPLIANCES
• ISLAND FOR CONVENIENCE
• REAR DECK
• SIZABLE YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $819 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% vs local median 4.2% in Quakertown — 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 80/100 on livability (#222 in PA, #1,945 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, cost of living A; Watch: commute F.
• Quakertown Community SD (suburban): math 45% / reading 55% proficiency, ranked #154 of 539 in PA (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 146 active listings in the ZIP; solid renter incomes; 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 $895 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 338 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 22y 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 $45k; list at $130k implies a 188% gain — meaningful room to come down on a strong offer.

Recommended offer $113,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 338 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.68% ✓
• Cap rate: 13.89%
• Cash-on-cash: 27.12%
• DSCR: 2.21
• GRM: 5.0

CMA / ARV

• ARV (median comp): $144,473
• List price: $129,500
• Delta: -10.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 21.1%
• Equity multiple: 1.86×
• Total profit: $31,241
• Equity at exit: $19,309

10-year hold

• IRR: 29.2%
• Equity multiple: 3.61×
• Total profit: $94,545
• Equity at exit: $11,197

Cash invested: $36,260 (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 18951

• Active inventory: 146
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $2,170 medium
• Mortgage (P&I): −$679
• Tax est. 1.5%: −$162 /mo · $1,942/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $819

Break-even live

Break-even rent $1,133

Max offer price $129,500

Occupancy floor 57%

Sensitivity live

Price	-10% $909	-5% $864	+0% $819	+5% $775	+10% $730
Rent	-10% $648	-5% $734	+0% $819	+5% $905	+10% $991
Rate	-1.0pp $885	-0.5pp $852	base $819	+0.5pp $786	+1.0pp $752

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: $32,375
• Closing costs: $3,885
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-21
   days on market $129,500 Active 338 DOM
2. 2026-06-18
   days on market $129,500 Active 335 DOM
3. 2026-06-17
   days on market $129,500 Active 334 DOM
4. 2026-06-16
   days on market $129,500 Active 333 DOM
5. 2026-06-15
   days on market $129,500 Active 332 DOM
6. 2026-06-13
   days on market $129,500 Active 330 DOM
7. 2026-06-13
   statusdays on market $129,500 Active 329 DOM
8. 2026-06-04
   status $129,500 Pending 328 DOM
9. 2026-06-03
   days on market $129,500 Active 328 DOM
10. 2026-06-02
    days on market $129,500 Active 327 DOM
11. 2026-06-01
    days on market $129,500 Active 326 DOM
12. 2026-05-31
    days on market $129,500 Active 325 DOM
13. 2025-08-03
    status Active 581-char remark

    Show marketing remark (581 chars)

    If you are looking for a move in ready home with 3 bedroom, 2 bath and lots of charm , you’ve found it. A large front porch invites you into an open concept mixed with some old world design to please everyone. The kitchen has all stainless appliances and an island for convenience. There are two tub showers in the bathrooms. There is also a rear deck that opens to a sizable yard. The $ 941 monthly lease fee includes 1500 gallons of water/sewer use, mini golf , chip and putt, fishing ponds pool, and use of the community hall for private functions. Park approval required

14. 2025-07-28
    historical Active Under Contract 581-char remark

    Show marketing remark (581 chars)

    If you are looking for a move in ready home with 3 bedroom, 2 bath and lots of charm , you’ve found it. A large front porch invites you into an open concept mixed with some old world design to please everyone. The kitchen has all stainless appliances and an island for convenience. There are two tub showers in the bathrooms. There is also a rear deck that opens to a sizable yard. The $ 941 monthly lease fee includes 1500 gallons of water/sewer use, mini golf , chip and putt, fishing ponds pool, and use of the community hall for private functions. Park approval required

15. 2025-07-04
    listed $140,000 Active 581-char remark

    Show marketing remark (581 chars)

    If you are looking for a move in ready home with 3 bedroom, 2 bath and lots of charm , you’ve found it. A large front porch invites you into an open concept mixed with some old world design to please everyone. The kitchen has all stainless appliances and an island for convenience. There are two tub showers in the bathrooms. There is also a rear deck that opens to a sizable yard. The $ 941 monthly lease fee includes 1500 gallons of water/sewer use, mini golf , chip and putt, fishing ponds pool, and use of the community hall for private functions. Park approval required

16. 2018-09-27
    price $49,900
17. 2018-04-20
    soldstatus $45,000 Closed
18. 2018-04-20
    soldstatus $45,000 Sold
19. 2018-04-13
    status Pending
20. 2018-04-13
    status Under Contract
21. 2018-01-28
    listed $45,900 Active
22. 2018-01-28
    listed $45,900 Active
23. 2017-05-03
    listed $52,000 Active
24. 2015-08-25
    historical
25. 2015-08-25
    historical
26. 2015-03-20
    price $49,900
27. 2014-11-20
    price $52,500
28. 2014-08-25
    listed $62,500 Active
29. 2014-08-25
    listed $49,900
30. 2010-11-14
    historical
31. 2010-05-14
    listed $69,900
32. 2009-11-30
    historical
33. 2009-09-25
    listed $78,000
34. 2009-08-31
    historical
35. 2008-08-18
    listed $81,900
36. 2008-08-10
    historical
37. 2008-02-10
    listed $109,900
38. 2005-01-21
    soldstatus $41,500
39. 2004-12-28
    historical
40. 2004-11-21
    listed $41,500

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $26,042
• − Mortgage interest: −$7,254
• − Property taxes: −$1,942
• − Insurance: −$648
• − Repairs & maintenance: −$2,083
• − Management: −$2,083
• − Depreciation: −$3,767
• Taxable income: $8,264
• Est. tax owed @ 24.0%: −$1,983
• After-tax cash flow: $7,850/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: Quakertown Community SD
• NCES district ID: 4219890
• Math proficiency: 45% ▼ -11.00%
• Reading proficiency: 55% ▼ -15.00%
• Median HH income: $66,186
• Composite: 44.3/100
• National rank: #2833
• State rank: #154 of 539 in PA

Livability — Quakertown

• Score: 80/100
• State rank: #222
• US rank: #1945

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bucks County · 506,477 people
• City population: 36,568
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 36,568
• Household income: $98,268
• Rent vs Own: 18.0% rent · 82.0% own
• Severe rent burden: 488.0

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 7% Hispanic / Latino 6% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Romanian 5% Polish 3% Slovak 2%
• Foreign-born: 7% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 1% German/W. Germanic 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: ▼ -247.25%
• Current HPI: 283.2262
• 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

+237.3% since first listed

28 events — show timeline

• 2025-08-03 Relisted — BRIGHT MLS
• 2025-07-28 Contingent — BRIGHT MLS
• 2025-07-04 Listed $140,000 BRIGHT MLS
• 2018-09-27 Price Changed $49,900 BRIGHT MLS
• 2018-04-20 Sold (MLS) $45,000 TREND
• 2018-04-20 Sold (MLS) $45,000 BRIGHT MLS
• 2018-04-13 Pending — BRIGHT MLS
• 2018-04-13 Pending — TREND
• 2018-01-28 Listed $45,900 TREND
• 2018-01-28 Listed $45,900 BRIGHT MLS
• 2017-05-03 Listed $52,000 BRIGHT MLS
• 2015-08-25 Listing Removed — BRIGHT MLS
• 2015-08-25 Listing Removed — GLVRMLS
• 2015-03-20 Price Changed $49,900 GLVRMLS
• 2014-11-20 Price Changed $52,500 GLVRMLS
• 2014-08-25 Listed $49,900 BRIGHT MLS
• 2014-08-25 Listed $62,500 GLVRMLS
• 2010-11-14 Listing Removed — BRIGHT MLS
• 2010-05-14 Listed $69,900 BRIGHT MLS
• 2009-11-30 Listing Removed — BRIGHT MLS
• 2009-09-25 Listed $78,000 BRIGHT MLS
• 2009-08-31 Listing Removed — BRIGHT MLS
• 2008-08-18 Listed $81,900 BRIGHT MLS
• 2008-08-10 Listing Removed — BRIGHT MLS
• 2008-02-10 Listed $109,900 BRIGHT MLS
• 2005-01-21 Sold (MLS) $41,500 BRIGHT MLS
• 2004-12-28 Listing Removed — BRIGHT MLS
• 2004-11-21 Listed $41,500 BRIGHT MLS