4 Gaslight Pl · Quakertown, PA 18951

$110,000

3 bd · 2.0 ba · 1,456 sqft · Manufactured · 50 Days on market

Built 2022 5,000 sqft lot $76/sqft · 24% below area Est $144k · 24% under ↓ 31% 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
• 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

Welcome to 4 Gaslight Place, located in the desirable Melody Lakes Community in Quakertown—where convenience meets lifestyle. Investor Special! This spacious double-wide manufactured home is being sold as-is, offering a fantastic opportunity for investors or buyers looking to add value and make it their own. Featuring easy one-story living with an open floor plan designed for both comfort and functionality, this home includes 3 bedrooms and 2 full bathrooms—providing a solid layout with great potential. The main living area flows seamlessly into a combined dining and living space, creating an ideal setup for everyday living or entertaining. The kitchen features granite countertops, a center island for additional prep space, and stainless steel appliances. Additional highlights include in-unit laundry hookups and a private storage shed for added convenience. Melody Lakes Community offers a variety of amenities including snow removal, common area maintenance, a community pool, golf course, fishing ponds, and more. If you're looking for a value-add opportunity in a community with great amenities, this is one you won’t want to miss.

Key facts

• 5,000 sq ft lot
• Community pool
• Built 2022

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 $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.5% 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: 147 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $761 of loan paydown is wiped out by about $3k 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 $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 23% 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 $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.03% ✓
• Cap rate: 18.46%
• Cash-on-cash: 43.44%
• DSCR: 2.93
• GRM: 4.1

CMA / ARV

• ARV (median comp): $144,477
• List price: $110,000
• Delta: -23.86%
• 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: 40.3%
• Equity multiple: 2.73×
• Total profit: $53,152
• Equity at exit: $16,401

10-year hold

• IRR: 46.6%
• Equity multiple: 5.47×
• Total profit: $137,581
• Equity at exit: $9,511

Cash invested: $30,800 (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: 147
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $2,232 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$26 /mo · $311/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $1,115

Break-even live

Break-even rent $821

Max offer price $110,000

Occupancy floor 45%

Sensitivity live

Price	-10% $1,177	-5% $1,146	+0% $1,115	+5% $1,084	+10% $1,053
Rent	-10% $939	-5% $1,027	+0% $1,115	+5% $1,203	+10% $1,291
Rate	-1.0pp $1,170	-0.5pp $1,143	base $1,115	+0.5pp $1,086	+1.0pp $1,057

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
167 Sunshine Dr Quakertown, PA	3.0	1.5	1616	$2,150	$1.33	25d	1	0.86mi

Listing history 10 events

1. 2026-06-02
   statusdays on market $110,000 Pending 50 DOM
2. 2026-06-01
   days on market $110,000 Active 49 DOM
3. 2026-05-31
   days on market $110,000 Active 48 DOM
4. 2026-05-07
   price $120,000 1164-char remark

   Show marketing remark (1164 chars)

   Welcome to 4 Gaslight Place, located in the desirable Melody Lakes Community in Quakertown—where convenience meets lifestyle. Investor Special! This spacious double-wide manufactured home is being sold as-is, offering a fantastic opportunity for investors or buyers looking to add value and make it their own. Featuring easy one-story living with an open floor plan designed for both comfort and functionality, this home includes 3 bedrooms and 2 full bathrooms—providing a solid layout with great potential. The main living area flows seamlessly into a combined dining and living space, creating an ideal setup for everyday living or entertaining. The kitchen features granite countertops, a center island for additional prep space, and stainless steel appliances. Additional highlights include in-unit laundry hookups and a private storage shed for added convenience. Melody Lakes Community offers a variety of amenities including snow removal, common area maintenance, a community pool, golf course, fishing ponds, and more. If you're looking for a value-add opportunity in a community with great amenities, this is one you won’t want to miss.

5. 2026-05-01
   status Active 1164-char remark

   Show marketing remark (1164 chars)

   Welcome to 4 Gaslight Place, located in the desirable Melody Lakes Community in Quakertown—where convenience meets lifestyle. Investor Special! This spacious double-wide manufactured home is being sold as-is, offering a fantastic opportunity for investors or buyers looking to add value and make it their own. Featuring easy one-story living with an open floor plan designed for both comfort and functionality, this home includes 3 bedrooms and 2 full bathrooms—providing a solid layout with great potential. The main living area flows seamlessly into a combined dining and living space, creating an ideal setup for everyday living or entertaining. The kitchen features granite countertops, a center island for additional prep space, and stainless steel appliances. Additional highlights include in-unit laundry hookups and a private storage shed for added convenience. Melody Lakes Community offers a variety of amenities including snow removal, common area maintenance, a community pool, golf course, fishing ponds, and more. If you're looking for a value-add opportunity in a community with great amenities, this is one you won’t want to miss.

6. 2026-04-28
   status Pending 1164-char remark

   Show marketing remark (1164 chars)

   Welcome to 4 Gaslight Place, located in the desirable Melody Lakes Community in Quakertown—where convenience meets lifestyle. Investor Special! This spacious double-wide manufactured home is being sold as-is, offering a fantastic opportunity for investors or buyers looking to add value and make it their own. Featuring easy one-story living with an open floor plan designed for both comfort and functionality, this home includes 3 bedrooms and 2 full bathrooms—providing a solid layout with great potential. The main living area flows seamlessly into a combined dining and living space, creating an ideal setup for everyday living or entertaining. The kitchen features granite countertops, a center island for additional prep space, and stainless steel appliances. Additional highlights include in-unit laundry hookups and a private storage shed for added convenience. Melody Lakes Community offers a variety of amenities including snow removal, common area maintenance, a community pool, golf course, fishing ponds, and more. If you're looking for a value-add opportunity in a community with great amenities, this is one you won’t want to miss.

7. 2026-04-10
   listed $140,000 Active 1164-char remark

   Show marketing remark (1164 chars)

   Welcome to 4 Gaslight Place, located in the desirable Melody Lakes Community in Quakertown—where convenience meets lifestyle. Investor Special! This spacious double-wide manufactured home is being sold as-is, offering a fantastic opportunity for investors or buyers looking to add value and make it their own. Featuring easy one-story living with an open floor plan designed for both comfort and functionality, this home includes 3 bedrooms and 2 full bathrooms—providing a solid layout with great potential. The main living area flows seamlessly into a combined dining and living space, creating an ideal setup for everyday living or entertaining. The kitchen features granite countertops, a center island for additional prep space, and stainless steel appliances. Additional highlights include in-unit laundry hookups and a private storage shed for added convenience. Melody Lakes Community offers a variety of amenities including snow removal, common area maintenance, a community pool, golf course, fishing ponds, and more. If you're looking for a value-add opportunity in a community with great amenities, this is one you won’t want to miss.

8. 2022-12-16
   soldstatus $177,000 Closed 432-char remark

   Show marketing remark (432 chars)

   Brand new 2022 Skyline Custom Kitchen Model on a large lot offers many upgrades. The kitchen has recessed lighting, a large island, tile backsplash and soft close drawers which make the heart of this home a must see! The lot area behind the home offers privacy for entertaining and plenty of room for a deck, patio, or screened in three season room. Take advantage of this combination and simply enjoy the tranquility of your home.

9. 2022-12-13
   status Pending 432-char remark

   Show marketing remark (432 chars)

   Brand new 2022 Skyline Custom Kitchen Model on a large lot offers many upgrades. The kitchen has recessed lighting, a large island, tile backsplash and soft close drawers which make the heart of this home a must see! The lot area behind the home offers privacy for entertaining and plenty of room for a deck, patio, or screened in three season room. Take advantage of this combination and simply enjoy the tranquility of your home.

10. 2022-10-19
    listed $175,000 Active 432-char remark

    Show marketing remark (432 chars)

    Brand new 2022 Skyline Custom Kitchen Model on a large lot offers many upgrades. The kitchen has recessed lighting, a large island, tile backsplash and soft close drawers which make the heart of this home a must see! The lot area behind the home offers privacy for entertaining and plenty of room for a deck, patio, or screened in three season room. Take advantage of this combination and simply enjoy the tranquility of your home.

ⓘ 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: $311 · $26/mo
• Projected year-2 tax: $1,024 · $85/mo
• Expected delta: +$714/yr (+$59/mo · 229.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% 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: $26,788
• − Mortgage interest: −$6,162
• − Property taxes: −$311
• − Insurance: −$550
• − Repairs & maintenance: −$2,143
• − Management: −$2,143
• − Depreciation: −$3,200
• Taxable income: $12,279
• Est. tax owed @ 24.0%: −$2,947
• After-tax cash flow: $10,432/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

-31.4% since first listed

7 events — show timeline

• 2026-05-07 Price Changed $120,000 BRIGHT MLS
• 2026-05-01 Relisted — BRIGHT MLS
• 2026-04-28 Pending — BRIGHT MLS
• 2026-04-10 Listed $140,000 BRIGHT MLS
• 2022-12-16 Sold (MLS) $177,000 BRIGHT MLS
• 2022-12-13 Pending — BRIGHT MLS
• 2022-10-19 Listed $175,000 BRIGHT MLS

Property tax history

+1.3%/yr

Latest (2015): $311 · +1.3% YoY. Source: county tax records.