1405 Farrell Ave #127 · Golden Triangle, NJ 08002

$102,141

2 bd · 1.5 ba · 784 sqft · SingleFamily · 11 Days on market

Built 2026 Good condition 1,860 sqft lot Est $102k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.4/15.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Rent growth +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks

What a Value! This lovely 2 Bd 1/2 bath Champion Mobile Is waiting for a wise buyer who sees a sparkling new home with for reasonable costs! A fully equipped Sttainless Steel Kitchen , with a handsomefarmhouse sink; The main Bathroom with walk-in shower AND a hand held shower with glass barn doors make dealing with shower curtains a thing of he past! The laundry area is waiting for the Buyer to take a Park Mabagement Coupon to Home Depot to select the Washer and Electric dryer of your choice plus $500 to include a warranty -which covers the installation of both appliances. The Total value of the coupon is $2000 and completes all the appliances you need! All windows are low -E-glass,

Key facts

• Hand held shower
• Farmhouse sink
• Glass barn doors

Tags

• STAINLESS STEEL KITCHEN
• FARMHOUSE SINK
• WALK-IN SHOWER
• HAND HELD SHOWER
• GLASS BARN DOORS
• LOW E GLASS WINDOWS

Property features AI

Finance

• Other: Accessibility: two or more access/egress exits; Building not winterized; Above-grade finished area estimated at 784 sq ft; Unfinished/below-grade area not applicable
• Financial info: Lease considered: No
• HOA & community: Property located in Cherry Hill Mobile Home Park; Ground rent/land lease applies (land lease $900 per month; ground rent paid annually; ground rent/lease terms estimated with ~99 years remaining); Property manager present; Pets allowed with breed, number and size/weight restrictions

Exterior

• Parking: One assigned parking space; On-street parking available; Parking lot access
• Utilities: Public water; Public sewer; Electric hot water; 100 amp electrical service with 220 volts and circuit breakers; Municipal trash service
• Home design: Manufactured single-wide home; Entry on first floor; Estimated construction completed; Excellent condition
• Construction: Asphalt and vinyl siding exterior; Asphalt shingle roof; Pillar/post/pier foundation; Double-hung, insulated, low-E, double pane vinyl-clad windows with screens; Built by CHAMPION (single wide, approximately 14' x 56')
• Exterior features: Exterior lighting; Level lot; Shed

Interior

• Kitchen: Built-in microwave; Built-in range; Dishwasher; Energy Star refrigerator; Energy Star freezer; Exhaust fan
• Bedrooms: Two main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating; Propane (leased) heating fuel; Central air conditioning
• Interior features: Walk-in shower in bathroom; Built-in shelving/fixtures; Combination kitchen and dining area; Recessed lighting; Drywall and paneled walls
• Laundry & utility: Washer and dryer in unit; Washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $102k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $102k).

Location & tenants

• Location reads 85/100 on livability (#20 in NJ, #552 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: schools D-, cost of living F.
• Cherry Hill School District (suburban): math 27% / reading 59% proficiency, ranked #181 of 472 in NJ (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.9%/yr); 101 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $706 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Camden County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $29k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $102,141

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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 2.30% ✓
• Cap rate: 19.76%
• Cash-on-cash: 48.10%
• DSCR: 3.14
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $101,920
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1405 Farrell Ave #341	0.01mi	2/1.5	784 (0%)	4mo	$75,000	$96	96
1405 Farrell Ave #203	0.00mi	2/1.5	756 (-4%)	2mo	$102,313	$135	92
1405 Farrell Ave #325	0.00mi	2/1.5	756 (-4%)	3mo	$78,000	$103	92
1405 Farrell Ave #224	0.00mi	2/1.5	756 (-4%)	9mo	$101,337	$134	87
1405 Farrell Ave #304	0.00mi	2/1.5	812 (+4%)	13mo	$108,572	$134	83
1405 Farrell Ave #307	0.00mi	2/1.5	840 (+7%)	10mo	$109,000	$130	80
1405 Farrell Ave #342	0.00mi	2/1.5	832 (+6%)	16mo	$111,685	$134	77
1405 Farrell Ave #327	0.00mi	2/1.5	756 (-4%)	23mo	$98,681	$131	75
1405 Farrell Ave #107	0.00mi	2/1.5	812 (+4%)	24mo	$104,355	$129	74
1205 Farrell Ave #5	0.12mi	2/1.0	700 (-11%)	5mo	$90,000	$129	71
1205 Farrell Ave #3	0.12mi	2/1.0	864 (+10%)	7mo	$88,000	$102	70

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 · 2.9% rent growth · sell at horizon

5-year hold

• IRR: 45.5%
• Equity multiple: 2.97×
• Total profit: $56,259
• Equity at exit: $15,230

10-year hold

• IRR: 51.3%
• Equity multiple: 5.97×
• Total profit: $142,181
• Equity at exit: $8,831

Cash invested: $28,599 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08002

• Rents YoY: 2.9%
• Active inventory: 101
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,345 high
• Mortgage (P&I): −$536
• Tax est. 1.5%: −$128 /mo · $1,532/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $1,146

Break-even live

Break-even rent $894

Max offer price $102,141

Occupancy floor 46%

Sensitivity live

Price	-10% $1,217	-5% $1,182	+0% $1,146	+5% $1,111	+10% $1,076
Rent	-10% $961	-5% $1,054	+0% $1,146	+5% $1,239	+10% $1,332
Rate	-1.0pp $1,198	-0.5pp $1,172	base $1,146	+0.5pp $1,120	+1.0pp $1,093

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: $25,535
• Closing costs: $3,064
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
414 Park Place Dr Cherry Hill, NJ	1.0	1.0	768	$1,800	$2.34	44d	1	0.17mi
700 Meadowlands BLVD Cherry Hill Township, NJ	1.0	1.0	729	$1,184	$1.62	44d	1	0.42mi
3506 Del Mar Dr Cherry Hill Township, NJ	1.0	1.0	794	$2,968	$3.74	44d	1	0.49mi
1307 Churchill Downs Way Cherry Hill Township, NJ	1.0	1.0	919	$2,668	$2.90	44d	1	0.56mi
1 Park Lane Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1197	$4,712	$3.94	2d	26	0.61mi
114 E Cuthbert Blvd Haddon Township, NJ	2.0	1.0	900	$1,750	$1.94	44d	1	0.87mi
700 Citation Ln Cherry Hill, NJ	1.0–2.0	1.0–2.0	1513	$3,500	$2.31	2d	84	0.91mi
1980 Route 70 W Cherry Hill, NJ	1.0–3.0	1.0–2.0	1043	$2,668	$2.56	2d	8	1.09mi
116 Cherry Parke Cherry Hill, NJ	2.0	1.0	944	$1,850	$1.96	15d	1	1.18mi
116 Cherry Parke Unit C Cherry Hill, NJ	2.0	1.0	950	$1,950	$2.05	44d	1	1.18mi
210 W Crystal Lake Ave Haddonfield, NJ	1.0–2.0	1.0	780	$2,395	$3.07	3d	14	1.25mi
401 Cooper Landing Rd Cherry Hill, NJ	2.0	2.0	1030	$1,900	$1.84	44d	1	1.27mi
401 Cooper Landing Rd Cherry Hill, NJ	2.0	2.0	1030	$2,000	$1.94	19d	1	1.27mi
202 Park Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1075	$4,570	$4.25	2d	7	1.28mi
864 Haddon Ave Unit 2ND FLOOR Collingswood, NJ	2.0	1.0	1000	$2,400	$2.40	19d	1	1.38mi
2395 New Jersey Cherry Hill Township, NJ	3.0	1.0–3.0	1050	$3,389	$3.23	2d	15	1.38mi
13 Wilkins Ave Unit 2ND FL Haddonfield, NJ	1.0	1.0	700	$2,500	$3.57	25d	1	1.43mi
13 Wilkins Ave Unit 1ST FLOOR Haddonfield, NJ	2.0	1.5	885	$3,500	$3.95	23d	1	1.43mi
274 Kings Hwy E Haddonfield, NJ	2.0	1.0	869	$2,800	$3.22	23d	1	1.48mi

Listing history 9 events

1. 2026-06-21
   statusdays on market $102,141 Active 11 DOM
2. 2026-06-16
   status $102,141 Pending 9 DOM
3. 2026-06-15
   days on market $102,141 Active 9 DOM
4. 2026-06-13
   days on market $102,141 Active 7 DOM
5. 2026-06-13
   days on market $102,141 Active 6 DOM
6. 2026-06-09
   days on market $102,141 Active 3 DOM
7. 2026-06-08
   days on market $102,141 Active 2 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $102,141 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,135
• − Mortgage interest: −$5,721
• − Property taxes: −$1,532
• − Insurance: −$511
• − Repairs & maintenance: −$2,251
• − Management: −$2,251
• − Depreciation: −$2,971
• Taxable income: $12,898
• Est. tax owed @ 24.0%: −$3,095
• After-tax cash flow: $10,661/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

Good 80/100 Cosmetic rehab

This mobile home is in good condition with cosmetic updates needed to enhance its curb appeal and interior aesthetics, making it a solid investment.

Value-add opportunities

• Resale Paint the exterior siding — Enhances curb appeal and adds value to the home.
• Both Replace carpet with hardwood flooring — Improves aesthetics and adds value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Enhances curb appeal and adds value to the home. ↑
• Both Replace carpet with hardwood flooring — Improves aesthetics and adds value for both resale and rental. ↑

ⓘ 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: Cherry Hill School District
• NCES district ID: 3403000
• Math proficiency: 27% ▼ -26.00%
• Reading proficiency: 59% ▼ -10.00%
• Median HH income: $90,394
• Composite: 40.71/100
• National rank: #3665
• State rank: #181 of 472 in NJ

Livability — Golden Triangle

• Score: 85/100
• State rank: #20
• US rank: #552

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Golden Triangle, NJ
• County: Camden County · 407,624 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 24,015
• Household income: $100,951
• Rent vs Own: 32.0% rent · 68.0% own
• Severe rent burden: 430.0

Population outlook (Camden County) Hauer SSP2

• Today (2025): 507,964 people
• By 2030: 502,182 · -1.1%
• By 2040: 485,602 · -4.4%
• By 2050: 465,630 · -8.3%
• By 2075: 419,986 · -17.3%
• By 2100: 369,492 · -27.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 64% Hispanic / Latino 12% Asian 12% Black 8% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 7% Dominican 1%
• Common ancestry: Romanian 8% Scotch-Irish 2% Italian 2%
• Foreign-born: 18% · Vietnam, Canada, China
• Languages at home: 73% English-only · Spanish 8% Russian/Polish/Slavic 4% Vietnamese 4%

Political lean MEDSL · Camden

• 2024 margin: Strong D (+27.4) · D 63.0% · R 35.5% · Other 1.5%
• 2008→2024 swing: -8.8pp toward R · 2008: 36.2pp · 2024: 27.4pp
• All cycles: 2024: D+27.4 2020: D+33.5 2016: D+32.4 2012: D+36.6 2008: D+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.30%
• Current HPI: 358.1597
• Rent YoY: ▲ 2.90%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

1 event — show timeline

• 2026-06-06 Listed $102,141 BRIGHT MLS