720 Cypress Ct · Montgomery, PA 19454

$159,900

2 bd · 2.0 ba · 1,200 sqft · Manufactured public records · 70 Days on market

Built 1984 $133/sqft · 25% below area Est $214k · 25% under ↓ 5% since listing

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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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Schools +5.2/10.0
• Rent growth +3.7/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A ONE-YEAR HOME WARRANTY will be provided at closing, offering extra reassurance for the next owner. Welcome to this well-maintained double-wide manufactured home in the sought-after Village of Neshaminy Falls, a 55+ community offering low-maintenance living in a convenient Montgomery Township location. Close to shopping, dining, major roadways, and the township community and recreation center, this home combines comfort, accessibility, and an active lifestyle. Enjoy added value and peace of mind with a NEW ROOF featuring a transferable warranty, plus durable concrete skirting around the home. A minimal-step walkway leads to a freshly painted enclosed porch filled with natural light, perfect as a sunroom, reading room, or all-season sitting area. Inside, the open-concept floor plan features a cathedral ceiling that enhances the spacious feel of the living, dining, and kitchen areas. The dining area includes an expansive built-in cabinet and countertop with a desk area, providing excellent storage and workspace. The kitchen offers generous cabinet space and a functional layout that keeps you connected to the main living areas. Just off the dining room is a convenient laundry area with full-size washer and dryer, pantry, utility closet, and access to the rear door. Step outside to a large covered concrete patio, ideal for outdoor dining, entertaining, or simply relaxing in a shaded setting. The split-bedroom layout offers privacy and flexibility. The primary bedroom, set on one side of the home, features a vaulted ceiling, walk-in closet, and an updated en-suite bathroom with a walk-in shower. On the opposite side, a second bedroom and full dual access bathroom provide comfortable space for guests, a home office, or hobby room. An outdoor storage shed offers additional space for tools, seasonal décor, and patio furniture, helping keep the property organized and tidy. Residents of Village of Neshaminy Falls enjoy a vibrant 55+ community with a spectacular community center, planned social activities, and amenities designed for an engaging, low-maintenance lifestyle.

Key facts

• Enclosed porch
• New roof
• Concrete skirting

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• NEW ROOF
• CONCRETE SKIRTING
• MINIMAL-STEP WALKWAY
• ENCLOSED PORCH
• OPEN-CONCEPT LIVING AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $651 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 3.5% in Montgomery — 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 71/100 on livability (#727 in PA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• North Penn SD (suburban): math 48% / reading 67% proficiency, ranked #76 of 539 in PA (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.6%/yr); 100 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,936 units permitted in Montgomery County in 2024 (530 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Montgomery County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.

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 $150,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% 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 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. 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: 1.32% ✓
• Cap rate: 11.18%
• Cash-on-cash: 17.46%
• DSCR: 1.78
• GRM: 6.3

CMA / ARV

• ARV (median comp): $213,634
• List price: $159,900
• Delta: -25.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.62% rent growth · sell at horizon

5-year hold

• IRR: 10.6%
• Equity multiple: 1.43×
• Total profit: $19,042
• Equity at exit: $23,842

10-year hold

• IRR: 20.9%
• Equity multiple: 2.89×
• Total profit: $84,722
• Equity at exit: $13,825

Cash invested: $44,772 (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 19454

• Rents YoY: 4.6%
• Active inventory: 100
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,110 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$110 /mo · $1,321/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $651

Break-even live

Break-even rent $1,285

Max offer price $159,900

Occupancy floor 64%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
415 Stump Rd North Wales, PA	2.0	1.0–2.0	827	$2,702	$3.27	1d	17	1.08mi
2408 Adams Ct Unit 2408 North Wales, PA	2.0	2.0	970	$1,900	$1.96	2d	1	1.40mi

Listing history 11 events

1. 2026-06-18
   days on market $159,900 Active 70 DOM
2. 2026-06-17
   pricedays on market $159,900 Active 69 DOM
3. 2026-06-16
   days on market $169,900 Active 68 DOM
4. 2026-06-15
   days on market $169,900 Active 67 DOM
5. 2026-06-13
   days on market $169,900 Active 65 DOM
6. 2026-06-13
   days on market $169,900 Active 64 DOM
7. 2026-06-09
   days on market $169,900 Active 61 DOM
8. 2026-06-08
   days on market $169,900 Active 60 DOM
9. 2026-06-08
   status $169,900 Active 59 DOM
10. 2026-04-30
    price $169,900 2105-char remark

    Show marketing remark (2105 chars)

    A ONE-YEAR HOME WARRANTY will be provided at closing, offering extra reassurance for the next owner. Welcome to this well-maintained double-wide manufactured home in the sought-after Village of Neshaminy Falls, a 55+ community offering low-maintenance living in a convenient Montgomery Township location. Close to shopping, dining, major roadways, and the township community and recreation center, this home combines comfort, accessibility, and an active lifestyle. Enjoy added value and peace of mind with a NEW ROOF featuring a transferable warranty, plus durable concrete skirting around the home. A minimal-step walkway leads to a freshly painted enclosed porch filled with natural light, perfect as a sunroom, reading room, or all-season sitting area. Inside, the open-concept floor plan features a cathedral ceiling that enhances the spacious feel of the living, dining, and kitchen areas. The dining area includes an expansive built-in cabinet and countertop with a desk area, providing excellent storage and workspace. The kitchen offers generous cabinet space and a functional layout that keeps you connected to the main living areas. Just off the dining room is a convenient laundry area with full-size washer and dryer, pantry, utility closet, and access to the rear door. Step outside to a large covered concrete patio, ideal for outdoor dining, entertaining, or simply relaxing in a shaded setting. The split-bedroom layout offers privacy and flexibility. The primary bedroom, set on one side of the home, features a vaulted ceiling, walk-in closet, and an updated en-suite bathroom with a walk-in shower. On the opposite side, a second bedroom and full dual access bathroom provide comfortable space for guests, a home office, or hobby room. An outdoor storage shed offers additional space for tools, seasonal décor, and patio furniture, helping keep the property organized and tidy. Residents of Village of Neshaminy Falls enjoy a vibrant 55+ community with a spectacular community center, planned social activities, and amenities designed for an engaging, low-maintenance lifestyle.

11. 2026-03-28
    listed $178,000 Active 2105-char remark

    Show marketing remark (2105 chars)

    A ONE-YEAR HOME WARRANTY will be provided at closing, offering extra reassurance for the next owner. Welcome to this well-maintained double-wide manufactured home in the sought-after Village of Neshaminy Falls, a 55+ community offering low-maintenance living in a convenient Montgomery Township location. Close to shopping, dining, major roadways, and the township community and recreation center, this home combines comfort, accessibility, and an active lifestyle. Enjoy added value and peace of mind with a NEW ROOF featuring a transferable warranty, plus durable concrete skirting around the home. A minimal-step walkway leads to a freshly painted enclosed porch filled with natural light, perfect as a sunroom, reading room, or all-season sitting area. Inside, the open-concept floor plan features a cathedral ceiling that enhances the spacious feel of the living, dining, and kitchen areas. The dining area includes an expansive built-in cabinet and countertop with a desk area, providing excellent storage and workspace. The kitchen offers generous cabinet space and a functional layout that keeps you connected to the main living areas. Just off the dining room is a convenient laundry area with full-size washer and dryer, pantry, utility closet, and access to the rear door. Step outside to a large covered concrete patio, ideal for outdoor dining, entertaining, or simply relaxing in a shaded setting. The split-bedroom layout offers privacy and flexibility. The primary bedroom, set on one side of the home, features a vaulted ceiling, walk-in closet, and an updated en-suite bathroom with a walk-in shower. On the opposite side, a second bedroom and full dual access bathroom provide comfortable space for guests, a home office, or hobby room. An outdoor storage shed offers additional space for tools, seasonal décor, and patio furniture, helping keep the property organized and tidy. Residents of Village of Neshaminy Falls enjoy a vibrant 55+ community with a spectacular community center, planned social activities, and amenities designed for an engaging, low-maintenance lifestyle.

ⓘ 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: $1,321 · $110/mo
• Projected year-2 tax: $1,924 · $160/mo
• Expected delta: +$602/yr (+$50/mo · 45.6%)

ⓘ 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 ≥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 · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,315
• − Mortgage interest: −$8,957
• − Property taxes: −$1,321
• − Insurance: −$800
• − Repairs & maintenance: −$2,025
• − Management: −$2,025
• − Depreciation: −$4,652
• Taxable income: $5,535
• Est. tax owed @ 24.0%: −$1,328
• After-tax cash flow: $6,487/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: North Penn SD
• NCES district ID: 4217280
• Math proficiency: 48% ▼ -10.00%
• Reading proficiency: 67% ▼ -9.00%
• Median HH income: $76,866
• Composite: 51.5/100
• National rank: #1722
• State rank: #76 of 539 in PA

Livability — Montgomery

• Score: 71/100
• State rank: #727
• US rank: #7279

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Montgomery County · 712,331 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 27,755
• Household income: $118,177
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 459.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 856,074 people
• By 2030: 870,887 · +1.7%
• By 2040: 891,195 · +4.1%
• By 2050: 896,417 · +4.7%
• By 2075: 903,212 · +5.5%
• By 2100: 843,240 · -1.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Asian 18% Black 6% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Romanian 5% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 17% · South Korea, China, Vietnam
• Languages at home: 81% English-only · Korean 5% Other Indo-European 5% Chinese 3%

Political lean MEDSL · Montgomery

• 2024 margin: Strong D (+22.8) · D 60.9% · R 38.1% · Other 1.1%
• 2008→2024 swing: +2.0pp toward D · 2008: 20.8pp · 2024: 22.8pp
• All cycles: 2024: D+22.8 2020: D+26.3 2016: D+21.1 2012: D+14.3 2008: D+20.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.54%
• Current HPI: 270.3006
• Rent YoY: ▲ 4.62%
• 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

-4.6% since first listed

2 events — show timeline

• 2026-04-30 Price Changed $169,900 BRIGHT MLS
• 2026-03-28 Listed $178,000 BRIGHT MLS

Property tax history

+3.0%/yr

Latest (2026): $1,321 · +6.8% YoY. Source: county tax records.