3717 Schleicher Ave · Pennsauken, NJ 08110

$214,000

2 bd · 1.0 ba · 960 sqft · SingleFamily public records · 21 Days on market

Built 1950 1,742 sqft lot Est $207k · at est.

---

Why this score? — see what drove the D 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 +16.2/30.0
• ARV discount +6.1/15.0
• DSCR +5.0/10.0
• 1% rule +4.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

Key facts

• Brick exterior
• Laundry area
• Delair neighborhood

Tags

• DELAIR NEIGHBORHOOD
• BRICK EXTERIOR
• ORIGINAL HARDWOOD FLOORS
• FULLY FINISHED BASEMENT
• LAUNDRY AREA
• USABLE BACKYARD

Property features AI

Exterior

• Parking: Concrete driveway; Driveway and on-street parking; One driveway space (one total garage/parking space listed)
• Utilities: Public water; Public sewer; Natural gas for heating and hot water; Circuit breaker electric; Cable internet/TV; Municipal trash not provided
• Home design: Interior townhouse/rowhouse; Flat roof; Fee simple ownership; Not in a federal flood zone; Middle-of-block location
• Construction: Brick construction; Brick/mortar foundation; Double-pane windows; Building not winterized; Year built: estimated
• Exterior features: Front and rear yard; Flood lights; Chain link fencing; Shed on property

Interior

• Kitchen: Microwave; Stove; Refrigerator; Water heater
• Bedrooms: Two bedrooms on the main level
• Flooring: Hardwood flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (natural gas); Window AC units; Ceiling fans
• Interior features: Open floor plan with combined kitchen and dining area; Storm door; Drywall walls and ceilings; Fully finished basement
• Laundry & utility: Washer and dryer (laundry in basement)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $214k.

Deal economics

• At list price, monthly cash flow is $114 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (2.1% below list).
• Recommended offer: $210k (2.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Pennsauken Township Board Of Education School District (suburban): math 12% / reading 32% proficiency, ranked #410 of 472 in NJ (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: G.H. Carson Elementary School (math 12% / reading 12%, grade F, #1,192 of 1,303 statewide, top 92%, 360 students, 45% FRL); Howard M. Phifer Middle School (math 14% / reading 37%, grade F, #359 of 431 statewide, top 84%, 1,045 students, 43% FRL); Pennsauken High School (math 8% / reading 45%, grade F, #319 of 399 statewide, top 80%, 1,530 students, 37% FRL).
• Market conditions: 61 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).
• This rent runs 30% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y 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 $132k; list at $214k implies a 63% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 39% 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 $209,507 (2.1% below list)

Questions for the listing agent

1. Built in 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.98% ✗
• Cap rate: 6.93%
• Cash-on-cash: 2.28%
• DSCR: 1.10
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $207,360
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
251 S 32nd St	0.20mi	3/1.0 (+1)	986 (+3%)	17mo	$209,000	$212	67
4742 Browning Rd	0.55mi	2/1.0	1,010 (+5%)	1mo	$250,000	$248	65
4749 Poplar Ave	0.47mi	3/1.0 (+1)	996 (+4%)	5mo	$215,000	$216	63
4755 W End Ave	0.44mi	2/1.5	1,038 (+8%)	2mo	$170,000	$164	62
370 N 34th St	0.66mi	3/2.0 (+1)	986 (+3%)	1mo	$270,000	$274	55
6501 Roosevelt Ave	0.39mi	2/1.5	1,080 (+12%)	6mo	$290,000	$269	54
6887 Woodland Ave	0.67mi	2/1.0	876 (-9%)	6mo	$149,573	$171	49
438 N 36th St	0.74mi	2/1.0	842 (-12%)	13mo	$178,000	$211	34

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: -12.7%
• Equity multiple: 0.54×
• Total profit: $-27,366
• Equity at exit: $31,908

10-year hold

• IRR: -3.6%
• Equity multiple: 0.76×
• Total profit: $-14,221
• Equity at exit: $18,503

Cash invested: $59,920 (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 08110

• Home prices YoY: -10.9%
• Active inventory: 61
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,095 high
• Mortgage (P&I): −$1,122
• Tax from tax record: −$330 /mo · $3,960/yr
• Insurance: −$89
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $114

Break-even live

Break-even rent $1,951

Max offer price $214,000

Occupancy floor 90%

Sensitivity live

Price	-10% $235	-5% $174	+0% $114	+5% $53	+10% $-7
Rent	-10% $-52	-5% $31	+0% $114	+5% $196	+10% $279
Rate	-1.0pp $221	-0.5pp $168	base $114	+0.5pp $58	+1.0pp $2

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: $53,500
• Closing costs: $6,420
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 N 34th St Unit B Camden, NJ	3.0	2.0	900	$1,950	$2.17	26d	1	0.37mi
219 S 29th St Camden, NJ	2.0	1.0	625	$1,250	$2.00	14d	4	0.57mi
4137 Marlton Pike Pennsauken Township, NJ	2.0	1.0	900	$1,800	$2.00	26d	1	0.59mi
2323 Browning Rd Pennsauken, NJ	3.0	1.0	923	$2,500	$2.71	26d	1	0.92mi
4601 High St Pennsauken, NJ	1.0–2.0	1.0	800	$1,675	$2.09	5d	4	0.96mi
42 W Maple Ave Merchantville, NJ	1.0	1.0	654	$1,675	$2.56	26d	1	1.08mi
5105 N Park Dr Pennsauken, NJ	1.0	1.0	573	$1,642	$2.87	5d	5	1.17mi
2395 New Jersey Cherry Hill Township, NJ	3.0	1.0–3.0	1050	$2,770	$2.64	0d	15	1.22mi
202 Park Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1075	$4,570	$4.25	0d	7	1.32mi
6366 Rogers Ave Unit 3 Pennsauken Township, NJ	3.0	1.0	1100	$2,100	$1.91	26d	1	1.41mi
1566 Bradley Ave Unit A Camden, NJ	2.0	1.0	640	$1,495	$2.34	26d	1	1.47mi
200 E Maple Ave Unit 10 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	6d	1	1.50mi
200 E Maple Ave Apt 13 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	4d	1	1.50mi
200 E Maple Ave Unit 08 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	20d	1	1.50mi

Listing history 22 events

1. 2026-05-15
   status Pending
2. 2026-04-23
   listed $214,000 Active
3. 2021-10-09
   soldstatus $131,500
4. 2021-08-26
   soldstatus $131,500 Closed 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

5. 2021-07-06
   status Pending 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

6. 2021-06-30
   status Active 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

7. 2021-06-11
   status Pending 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

8. 2021-05-23
   historical Active Under Contract 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

9. 2021-04-29
   status Active 467-char remark

   Show marketing remark (467 chars)

   Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

10. 2021-04-27
    status Pending 467-char remark

    Show marketing remark (467 chars)

    Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

11. 2021-04-21
    historical Active Under Contract 467-char remark

    Show marketing remark (467 chars)

    Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

12. 2021-04-12
    listed $115,000 Active 467-char remark

    Show marketing remark (467 chars)

    Cozy two bedroom townhome. Enter into the living room which leads directly into your Dining Room and Kitchen. Upstairs you'll find two bedrooms and the full bathroom. Complete with an unfinished basement for extra storage - or finish it to your desire. The backyard features a patio - perfect for summer barbeques. Location is close to major highways for easy access into the city and near many dining and shopping options. Subject to seller finding suitable housing.

13. 2020-07-07
    historical
14. 2020-06-20
    listed $100,000 Active
15. 2006-08-02
    soldstatus $82,297
16. 2006-03-03
    soldstatus $82,297
17. 2006-01-26
    historical
18. 2005-12-12
    listed $82,297
19. 2004-04-27
    soldstatus $66,000
20. 2004-04-16
    soldstatus $66,000
21. 2004-03-09
    historical
22. 2004-02-25
    listed $66,000

ⓘ 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: $3,960 · $330/mo
• Projected year-2 tax: $4,644 · $387/mo
• Expected delta: +$684/yr (+$57/mo · 17.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 39% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,141
• − Mortgage interest: −$11,987
• − Property taxes: −$3,960
• − Insurance: −$1,070
• − Repairs & maintenance: −$2,011
• − Management: −$2,011
• − Depreciation: −$6,225
• Taxable loss: −$2,125
• Est. tax savings @ 24.0%: +$510
• After-tax cash flow: $1,874/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: Pennsauken Township Board Of Education School District
• NCES district ID: 3412870
• Math proficiency: 12% ▼ -16.00%
• Reading proficiency: 32% ▼ -3.00%
• Median HH income: $60,336
• Composite: 20.48/100
• National rank: #8573
• State rank: #410 of 472 in NJ

Livability — Pennsauken

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

Census & demographics

• County: Camden County · 407,624 people
• City population: 19,158
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 19,158
• Household income: $83,729
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 404.0

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 0.67)
• Race & ethnicity: Hispanic / Latino 46% Black 30% White 14% Two or more races 13% Asian 7% Native American 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17% Dominican 16%
• Common ancestry: Romanian 2% Hispanic 1% Iranian 1%
• Foreign-born: 28% · Canada, Vietnam, Jamaica
• Languages at home: 52% English-only · Spanish 35% Vietnamese 4% French/Haitian/Cajun 1%

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: ▼ -53.44%
• Current HPI: 436.2879
• Rent YoY: —
• 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

+224.2% since first listed

22 events — show timeline

• 2026-05-15 Pending — BRIGHT MLS
• 2026-04-23 Listed $214,000 BRIGHT MLS
• 2021-10-09 Sold (Public Records) $131,500 Public Records
• 2021-08-26 Sold (MLS) $131,500 BRIGHT MLS
• 2021-07-06 Pending — BRIGHT MLS
• 2021-06-30 Relisted — BRIGHT MLS
• 2021-06-11 Pending — BRIGHT MLS
• 2021-05-23 Contingent — BRIGHT MLS
• 2021-04-29 Relisted — BRIGHT MLS
• 2021-04-27 Pending — BRIGHT MLS
• 2021-04-21 Contingent — BRIGHT MLS
• 2021-04-12 Listed $115,000 BRIGHT MLS
• 2020-07-07 Listing Removed — BRIGHT MLS
• 2020-06-20 Listed $100,000 BRIGHT MLS
• 2006-08-02 Sold (Public Records) $82,297 Public Records
• 2006-03-03 Sold (MLS) $82,297 BRIGHT MLS
• 2006-01-26 Listing Removed — BRIGHT MLS
• 2005-12-12 Listed $82,297 BRIGHT MLS
• 2004-04-27 Sold (Public Records) $66,000 Public Records
• 2004-04-16 Sold (MLS) $66,000 BRIGHT MLS
• 2004-03-09 Listing Removed — BRIGHT MLS
• 2004-02-25 Listed $66,000 BRIGHT MLS

Property tax history

+3.0%/yr

Latest (2025): $3,960 · +23.1% YoY. Source: county tax records.