42 Virginia Ave · Amity, PA 19508

$55,000

3 bd · 2.0 ba · 828 sqft · Manufactured public records · 8 Days on market

Built 1999 Est $50k · 11% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

THIS 3 BEDROOM, 2 FULL BATH HOME WAS BUILT IN 1998. A HEAT PUMP WAS INSTALLED IN 2025. THIS PROVIDES HEAT AND CENTRAL AIR. THE KITCHEN, LIVING ROOM AND MAIN BEDROOM HAVE BEEN FRESHLY PAINTED. THE MAIN BEDROOM HAS A PRIVATE BEDROOM AND AND A WALK-IN CLOSET. MOST OF THE FLOORING NEEDS REPLACING. BEDROOM 2 AND BEDROOM 3 NEED TO BE REPAINTED. THE HOME NEEDS SOME INSIDE TLC. SCHEDULE AN APPOINTMENT AND LET THE NEXT CHAPTER IN YOUR LIFE BEGIN TODAY. BUT , AT $55,000 THIS HOME PROVIDES A LIVABLE HOME WHOSE VALUE CAN BE INCREASED WITH SOME SWEAT EQUITY. HOME IS SOLD "AS IS". BECAUSE OF CONDITION THE SHED IT WILL BE REMOVED BEFORE CLOSING.

Key facts

• Built 1999
• Listed 8 days

Property features AI

Finance

• Other: Not in a federal flood zone; Pets allowed with restrictions (breed, number, size/weight limits)
• Financial info: Ownership: Ground rent; Monthly ground rent payment; Ground rent amount listed

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling and hot water
• Home design: Manufactured single-wide home; Average condition; Above grade finished living area recorded by assessor
• Construction: Frame construction
• Exterior features: Roof deck; Ground rent exists (monthly payment)

Interior

• Kitchen: Microwave; Oven/Range - Gas; Refrigerator; Dishwasher
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level; Two full bathrooms total
• Heating & cooling: Heat pump(s) heating; Central air conditioning (electric)
• Interior features: No basement; Roof deck
• Laundry & utility: Washer; Dryer; Electric hot water

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $55k.

Deal economics

• At list price, monthly cash flow is $990 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $55k).

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Daniel Boone Area SD (suburban): math 38% / reading 52% proficiency, ranked #217 of 539 in PA (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Daniel Boone Area Hs (math 67% / reading 75%, grade B+, #41 of 437 statewide, top 10%, 1,037 students, 35% FRL) — zoned schools average 35% FRL vs 18% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 71% at this address vs 45% district-wide (+26 pts) — the actual schools serving this property are materially stronger than the Daniel Boone Area SD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 83 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 258 units permitted in Berks County in 2024 (27 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Berks County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $55,000

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: 3.15% ✓
• Cap rate: 27.90%
• Cash-on-cash: 77.16%
• DSCR: 4.43
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $49,680
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 Dennis Ave	0.07mi	2/1.0 (-1)	833 (+1%)	20mo	$50,000	$60	71

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: 77.2%
• Equity multiple: 4.52×
• Total profit: $54,180
• Equity at exit: $8,201

10-year hold

• IRR: 80.8%
• Equity multiple: 9.34×
• Total profit: $128,493
• Equity at exit: $4,755

Cash invested: $15,400 (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 19508

• Home prices YoY: -25.6%
• Active inventory: 83
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,735 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$69 /mo · $829/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $990

Break-even live

Break-even rent $482

Max offer price $55,000

Occupancy floor 38%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24 Cedar House Douglassville, PA	2.0–3.0	1.0	1037	$1,735	$1.67	1d	5	1.09mi

Listing history 8 events

1. 2026-06-18
   days on market $55,000 Active 8 DOM
2. 2026-06-17
   days on market $55,000 Active 7 DOM
3. 2026-06-16
   days on market $55,000 Active 6 DOM
4. 2026-06-15
   days on market $55,000 Active 5 DOM
5. 2026-06-13
   days on market $55,000 Active 3 DOM
6. 2026-06-13
   remarks 641-char remark
7. 2026-06-07
   remarks 575-char remark
8. 2026-06-07
   listed $55,000 Active 2 DOM

ⓘ 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: $829 · $69/mo
• Projected year-2 tax: $849 · $71/mo
• Expected delta: +$20/yr (+$2/mo · 2.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $20,820
• − Mortgage interest: −$3,081
• − Property taxes: −$829
• − Insurance: −$275
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$1,600
• Taxable income: $11,704
• Est. tax owed @ 24.0%: −$2,809
• After-tax cash flow: $9,073/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: Daniel Boone Area SD
• NCES district ID: 4207290
• Math proficiency: 38% ▼ -9.00%
• Reading proficiency: 52% ▼ -14.00%
• Median HH income: $75,511
• Composite: 41.03/100
• National rank: #3584
• State rank: #217 of 539 in PA

Livability — Amity

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

Census & demographics

• Population (ZIP): 15,066

Population outlook (Berks County) Hauer SSP2

• Today (2025): 425,767 people
• By 2030: 428,814 · +0.7%
• By 2040: 433,463 · +1.8%
• By 2050: 439,426 · +3.2%
• By 2075: 478,647 · +12.4%
• By 2100: 518,507 · +21.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 6% Iranian 3% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Berks

• 2024 margin: R (+12.2) · D 43.4% · R 55.6%
• 2008→2024 swing: -21.4pp toward R · 2008: 9.2pp · 2024: -12.2pp
• All cycles: 2024: R+12.2 2020: R+8.2 2016: R+10.2 2012: R+0.6 2008: D+9.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.00%
• Current HPI: 273.8199
• 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

+0.0% since first listed

2 events — show timeline

• 2026-06-06 Listed $55,000 BRIGHT MLS
• 2026-06-05 Coming Soon $55,000 BRIGHT MLS

Property tax history

+1.5%/yr

Latest (2026): $829 · +0.0% YoY. Source: county tax records.