3036 Fernwood Ave · English Creek, NJ 08234

$175,000

3 bd · 1.0 ba · 1,002 sqft · SingleFamily public records · 19 Days on market

Built 1955 Est $327k · 46% 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 +29.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fixer upper. 3 bedrooms, 2 bath rancher on a nice size wooded lot. The house does need work (new heater needed plus repairs and updating. This would be a great FHA 203K property. The well in newer. Some new windows and sliding door. New wall a/c unit. Newer stove and refrigerator. Property being sold "as-is". Buyer is responsible for all certifications and repairs.

Key facts

• Electrical completed
• Framing completed
• 3 parking spots

Tags

• FRAMING COMPLETED
• ELECTRICAL COMPLETED

Property features AI

Finance

• Other: Floodplain: not in floodplain; Lead-based paint and sellers property condition documents on file

Exterior

• Parking: Exterior parking for three or more cars; No garage
• Utilities: Public water; Septic sewer
• Home design: Residential zoning; Property listed for sale; Not waterfront
• Construction: No year built provided
• Exterior features: Shingle siding; Shed; Property needs work; Gravel driveway; Wooded lot

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: All bedrooms located on the main level (3 bedrooms)
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: No heating system reported
• Interior features: Eat-in kitchen; Living room; Crawl space basement
• Laundry & utility: No specific laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $610 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 3.1% in English Creek — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Egg Harbor Township School District (suburban): math 18% / reading 46% proficiency, ranked #311 of 472 in NJ (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Clayton J. Davenport Elementary School (math 17% / reading 32%, grade F, #878 of 1,303 statewide, top 70%, 757 students, 64% FRL); Fernwood Avenue Middle School (math 13% / reading 50%, grade F, #289 of 431 statewide, top 69%, 883 students, 50% FRL); Egg Harbor Township High School (math 32% / reading 52%, grade F, #169 of 399 statewide, top 44%, 2,335 students, 47% FRL) — zoned schools average 54% FRL vs 34% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 363 active listings in the ZIP; 672 units permitted in Atlantic County in 2024 (258 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.
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $30k; list at $175k implies a 483% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.36% ✓
• Cap rate: 10.47%
• Cash-on-cash: 14.94%
• DSCR: 1.66
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $326,652
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13 Driftwood Dr	0.62mi	3/1.5	982 (-2%)	14mo	$320,000	$326	54
4 Essex Dr	0.59mi	2/1.0 (-1)	1,092 (+9%)	1mo	$345,000	$316	52
3026 Spruce Ave Ave	0.69mi	2/2.0 (-1)	1,074 (+7%)	4mo	$425,000	$396	43

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: 5.5%
• Equity multiple: 1.22×
• Total profit: $10,556
• Equity at exit: $26,093

10-year hold

• IRR: 15.0%
• Equity multiple: 2.21×
• Total profit: $59,495
• Equity at exit: $15,131

Cash invested: $49,000 (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 08234

• Home prices YoY: -6.7%
• Active inventory: 363
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,375 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$275 /mo · $3,306/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$499
• Net cashflow: $610

Break-even live

Break-even rent $1,603

Max offer price $175,000

Occupancy floor 69%

Sensitivity live

Price	-10% $709	-5% $659	+0% $610	+5% $560	+10% $511
Rent	-10% $422	-5% $516	+0% $610	+5% $704	+10% $797
Rate	-1.0pp $698	-0.5pp $654	base $610	+0.5pp $565	+1.0pp $518

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-22
   days on market $175,000 Active 19 DOM
2. 2026-06-19
   days on market $175,000 Active 17 DOM
3. 2026-06-18
   days on market $175,000 Active 16 DOM
4. 2026-06-17
   days on market $175,000 Active 15 DOM
5. 2026-06-16
   days on market $175,000 Active 14 DOM
6. 2026-06-15
   days on market $175,000 Active 13 DOM
7. 2026-06-14
   days on market $175,000 Active 11 DOM
8. 2026-06-13
   days on market $175,000 Active 10 DOM
9. 2026-06-10
   days on market $175,000 Active 8 DOM
10. 2026-06-09
    days on market $175,000 Active 7 DOM
11. 2026-06-09
    remarks 501-char remark
12. 2026-06-08
    days on market $175,000 Active 6 DOM
13. 2026-06-07
    remarks 493-char remark
14. 2026-06-07
    listed $175,000 Active 5 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 NJ · Partial reset (capped growth)

• Current annual tax: $3,306 · $275/mo
• Projected year-2 tax: $3,832 · $319/mo
• Expected delta: +$526/yr (+$44/mo · 15.9%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $28,496
• − Mortgage interest: −$9,803
• − Property taxes: −$3,306
• − Insurance: −$875
• − Repairs & maintenance: −$2,280
• − Management: −$2,280
• − Depreciation: −$5,091
• Taxable income: $4,862
• Est. tax owed @ 24.0%: −$1,167
• After-tax cash flow: $6,151/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: Egg Harbor Township School District
• NCES district ID: 3404560
• Math proficiency: 18% ▼ -24.00%
• Reading proficiency: 46% ▼ -6.00%
• Median HH income: $71,612
• Composite: 29.81/100
• National rank: #6421
• State rank: #311 of 472 in NJ

Livability — English Creek

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

Census & demographics

• Population (ZIP): 46,856

Population outlook (Atlantic County) Hauer SSP2

• Today (2025): 268,948 people
• By 2030: 264,497 · -1.7%
• By 2040: 252,261 · -6.2%
• By 2050: 237,846 · -11.6%
• By 2075: 210,650 · -21.7%
• By 2100: 180,234 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 56% Hispanic / Latino 16% Asian 13% Black 9% Two or more races 9%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 3% Italian 1% Slovak 1%
• Foreign-born: 17% · Canada, China, Vietnam
• Languages at home: 73% English-only · Spanish 12% Other Indo-European 4% Tagalog/Filipino 3%

Political lean MEDSL · Atlantic

• 2024 margin: Toss-up / Even · D 47.7% · R 50.7% · Other 1.6%
• 2008→2024 swing: -18.1pp toward R · 2008: 15.1pp · 2024: -3.0pp
• All cycles: 2024: R+3.0 2020: D+6.7 2016: D+6.2 2012: D+17.2 2008: D+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -22.76%
• Current HPI: 319.2948
• Rent YoY: —
• Metro: —
• 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

+186.9% since first listed

7 events — show timeline

• 2026-06-02 Listed $175,000 SJSRMLS
• 2016-06-27 Sold (MLS) $30,000 SJSRMLS
• 2016-06-01 Contingent — SJSRMLS
• 2016-05-14 Price Changed $39,900 SJSRMLS
• 2016-04-04 Price Changed $49,900 SJSRMLS
• 2015-11-20 Listed $69,900 SJSRMLS
• 1997-07-18 Sold (Public Records) $61,000 Public Records

Property tax history

+1.4%/yr

Latest (2025): $3,306 · +1.4% YoY. Source: county tax records.