118 Ridge Rd #118 · Richland, PA 18951

$76,500

2 bd · 1.0 ba · 980 sqft · SingleFamily · 5 Days on market

Built 2000 Fair condition Est $107k · 28% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Come see this well-cared for 2000 Marlette, 980 sf, manufactured home in the desirable Richland Meadows development. 118 Ridge Drive is a 2 bedroom, 1 bathroom home, with a large deck, shed and parking enough for 2 cars. Refrigerator, stove, microwave, dishwasher, washer and dryer included. Low lot rent of $655.00 includes common area maintenance, water, sewer, trash, recycling and snow removal on roads. Development requires owners to have a background check, application is $60 and applicants must have a minimum 640 credit score and no criminal history. Restrictions on dog breeds and size.

Key facts

• Large deck
• Shed
• Parking for 2 cars

Tags

• LARGE DECK
• SHED
• PARKING FOR 2 CARS

Property features AI

Finance

• Other: Ownership interest: Land lease; Property manager present
• HOA & community: Road responsibility and some common maintenance handled by HOA; Monthly land lease of $655 (1 year remaining); Ground rent/annual ground rent applies

Exterior

• Parking: Driveway parking (2 spaces); Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer; Electric service for heating, cooling and hot water; Municipal trash not provided
• Home design: Manufactured property (Single wide, Marlette); Estimated year built; Accessibility: 2+ access exits
• Construction: Modular/manufactured construction; Asbestos shingle roof; Above-grade and below-grade structures
• Exterior features: Deck(s); Shed; Ground rent exists; Park community (Richland Meadows); Blacktop road maintained by HOA

Interior

• Kitchen: Electric oven/range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating (electric); Central air conditioning
• Interior features: Not furnished; Two or more access exits
• Laundry & utility: Washer and electric dryer on the main floor; Electric hot water

🏷️ Possibly a rental listed for sale. The $76,500 price doesn't fit this home's estimated sale value (~$106,820) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $76k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $848 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).

Location & tenants

• Location reads 74/100 on livability (#498 in PA, #4,585 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools F, amenities F, 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: 144 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 $529 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $76,500

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.28% ✓
• Cap rate: 19.59%
• Cash-on-cash: 47.51%
• DSCR: 3.11
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $106,820
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
232 Yankee Rd #156	0.29mi	2/1.0	960 (-2%)	5mo	$35,000	$36	79
290 Poplar Dr	0.13mi	2/1.0	938 (-4%)	12mo	$109,000	$116	76
326 Dogwood Dr	0.13mi	2/2.0	1,056 (+8%)	3mo	$115,000	$109	75
20 Laurel Run Dr	0.22mi	2/2.0	1,080 (+10%)	1mo	$111,500	$103	68
400 Laurel Run Dr	0.18mi	2/2.0	1,056 (+8%)	9mo	$105,000	$99	67
215 Laurel Run Dr	0.22mi	2/2.0	1,056 (+8%)	13mo	$115,000	$109	62
255 Dogwood Dr	0.17mi	2/2.0	880 (-10%)	20mo	$118,000	$134	54
88 Ridge Rd	0.16mi	2/2.0	840 (-14%)	24mo	$100,000	$119	45

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: 44.9%
• Equity multiple: 2.94×
• Total profit: $41,639
• Equity at exit: $11,406

10-year hold

• IRR: 50.8%
• Equity multiple: 5.94×
• Total profit: $105,910
• Equity at exit: $6,614

Cash invested: $21,420 (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: 144
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,743 medium
• Mortgage (P&I): −$401
• Tax est. 1.5%: −$96 /mo · $1,148/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $848

Break-even live

Break-even rent $669

Max offer price $76,500

Occupancy floor 46%

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: $19,125
• Closing costs: $2,295
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $76,500 Active 5 DOM
2. 2026-06-17
   days on market $76,500 Active 4 DOM
3. 2026-06-16
   days on market $76,500 Active 3 DOM
4. 2026-06-15
   days on market $76,500 Active 2 DOM
5. 2026-06-13
   remarks 596-char remark
6. 2026-06-13
   listed $76,500 Active 1 DOM

ⓘ 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 5/10 Major 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% 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: $20,911
• − Mortgage interest: −$4,285
• − Property taxes: −$1,148
• − Insurance: −$382
• − Repairs & maintenance: −$1,673
• − Management: −$1,673
• − Depreciation: −$2,225
• Taxable income: $9,525
• Est. tax owed @ 24.0%: −$2,286
• After-tax cash flow: $7,890/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to update the kitchen and bathrooms, and to improve the overall appearance. It has potential for increased value with these updates.

Repairs flagged

• Moderate kitchen cabinets — outdated and in need of replacement
• Minor bathroom fixtures — basic and in need of updating

Value-add opportunities

• Resale paint interior walls — Fresh paint can make a significant difference in the home's appearance
• Resale replace carpeted flooring — Carpet can make a home feel dated and less appealing
• Resale update kitchen cabinets — Outdated cabinets can make a home feel small and outdated
• Resale update bathroom fixtures — Basic fixtures can make a home feel dated and less appealing
• Both landscaping — A well-maintained yard can increase curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · outdated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · basic and in need of updating	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Resale paint interior walls — Fresh paint can make a significant difference in the home's appearance ↑
• Resale replace carpeted flooring — Carpet can make a home feel dated and less appealing ↑
• Resale update kitchen cabinets — Outdated cabinets can make a home feel small and outdated ↑
• Resale update bathroom fixtures — Basic fixtures can make a home feel dated and less appealing ↑
• Both landscaping — A well-maintained yard can increase curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Richland

• Score: 74/100
• State rank: #498
• US rank: #4585

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bucks County · 506,477 people
• 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

1 event — show timeline

• 2026-06-13 Listed $76,500 BRIGHT MLS