224 Highland Ave · Barrington, NJ 08035

$375,000

4 bd · 1.5 ba · 1,856 sqft · SingleFamily public records · 8 Days on market

Built 1900 0.41 ac lot Est $497k · 25% under

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Why this score? — see what drove the C- 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 +15.9/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +4.9/10.0
• Livability +4.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking. ..

Key facts

• Inviting front porch
• Oversized kitchen
• Oversized front yard

Tags

• REMODELED TWIN-STYLE COLONIAL
• INVITING FRONT PORCH
• OVERSIZED FRONT YARD
• MASSIVE FENCED-IN BACKYARD
• SPACIOUS LIVING ROOM
• OVERSIZED KITCHEN

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: Other parking type
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Detached property; Shingle roof; Frame construction; Permanent foundation
• Construction: Frame construction; Shingle roof; Permanent foundation; Above-grade and below-grade structures
• Exterior features: Fully fenced yard; Lot roughly 60 x 300

Interior

• Kitchen: Stainless steel appliances; Eat-in kitchen with pantry and upgraded countertops
• Bedrooms: Two bedrooms on the first upper level; Two bedrooms on the second upper level
• Flooring: Wood floors; Carpet
• Bathrooms: One full bathroom (all upper levels); One full bathroom on the first upper level; One half bathroom on the main level; One half bathroom total
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (natural gas); Natural gas hot water
• Interior features: Recessed lighting; Tub with shower; Breakfast area; Carpeted areas; Ceiling fan(s); Double/dual staircase; Formal dining room; Traditional floor plan; Dining area; Kitchen eat-in area; Kitchen table space; Pantry; Upgraded countertops; Window treatments; Wood floors

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $177 ($2k/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 $375k (0.0% below list).
• Recommended offer: $375k (0.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 81/100 on livability (#63 in NJ, #1,562 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F.
• Barrington School District (suburban): math 18% / reading 42% proficiency, ranked #338 of 472 in NJ (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Avon Elementary School (math 22% / reading 37%, grade F, #731 of 1,303 statewide, top 59%, 310 students, 26% FRL); Woodland Middle School (math 17% / reading 43%, grade F, #313 of 431 statewide, top 73%, 245 students, 27% FRL).
• Market conditions: 33 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $3k of loan paydown is wiped out by about $11k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 17y 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 $150k; list at $375k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 52% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $374,873

Questions for the listing agent

1. Built in 1900 — 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. Schools are B-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: 1.00% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.02%
• DSCR: 1.09
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $497,408
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 Copley Rd	0.31mi	4/1.5	1,845 (-1%)	3mo	$535,000	$290	82
303 Highland Ave	0.13mi	4/1.0	1,746 (-6%)	4mo	$385,000	$221	79
125 Albany Ave	0.27mi	3/2.5 (-1)	1,809 (-2%)	3mo	$490,000	$271	71
1201 Wayne Rd	0.52mi	4/2.0	1,863 (+0%)	6mo	$510,000	$274	68
134 Kent Rd	0.23mi	4/1.5	1,664 (-10%)	6mo	$465,000	$279	67
418 Princeton Rd	0.52mi	4/2.0	1,828 (-2%)	7mo	$490,000	$268	65
12 Independence Blvd	0.65mi	4/1.5	1,773 (-4%)	2mo	$265,000	$149	60
342 Tavistock Blvd	0.30mi	3/1.0 (-1)	1,649 (-11%)	3mo	$400,000	$243	58
1001 Wayne Rd	0.44mi	3/3.0 (-1)	1,779 (-4%)	4mo	$260,190	$146	58
407 Kingston Ave	0.59mi	4/2.0	1,728 (-7%)	6mo	$460,000	$266	54
523 Carver Ct	0.69mi	4/1.5	2,025 (+9%)	6mo	$350,000	$173	48
506 10th Ave	0.60mi	3/2.5 (-1)	2,121 (+14%)	1mo	$875,000	$413	38

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: -13.0%
• Equity multiple: 0.53×
• Total profit: $-49,333
• Equity at exit: $55,914

10-year hold

• IRR: -4.0%
• Equity multiple: 0.74×
• Total profit: $-27,750
• Equity at exit: $32,423

Cash invested: $105,000 (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 08035

• Home prices YoY: -26.8%
• Active inventory: 33
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $3,749 medium
• Mortgage (P&I): −$1,967
• Tax from tax record: −$662 /mo · $7,943/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$787
• Net cashflow: $177

Break-even live

Break-even rent $3,525

Max offer price $375,000

Occupancy floor 90%

Sensitivity live

Price	-10% $389	-5% $283	+0% $177	+5% $71	+10% $-36
Rent	-10% $-119	-5% $29	+0% $177	+5% $325	+10% $473
Rate	-1.0pp $366	-0.5pp $272	base $177	+0.5pp $80	+1.0pp $-19

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37 E Gloucester Pike Unit 1 Barrington, NJ	4.0	2.0	1683	$2,000	$1.19	13d	1	0.68mi
148 Heritage Rd Haddonfield, NJ	4.0	2.0	2452	$7,500	$3.06	0d	1	0.86mi
158 Lafayette Rd Audubon, NJ	3.0	1.5	1556	$3,000	$1.93	13d	1	1.28mi
214 David Pl Magnolia, NJ	4.0	1.0	1280	$2,695	$2.11	0d	1	1.46mi

Listing history 35 events

1. 2026-05-20
   listed $375,000 Active
2. 2018-06-27
   price $144,900 414-char remark

   Show marketing remark (414 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking. ..

3. 2018-01-05
   soldstatus $149,900 Closed 414-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

4. 2018-01-05
   soldstatus $149,900 Sold 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

5. 2017-11-17
   historical Contingent - Other 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

6. 2017-11-11
   price $144,900 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

7. 2017-11-04
   price $149,900 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

8. 2017-10-27
   price $154,900 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

9. 2017-10-10
   price $164,900 413-char remark

   Show marketing remark (413 chars)

   Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking...

10. 2017-09-20
    listed $174,900 Active 413-char remark

    Show marketing remark (414 chars)

    Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking. ..

11. 2017-09-20
    listed $164,900 Active 414-char remark

    Show marketing remark (414 chars)

    Charming twin with 3 floors of living, they don't make them like this anymore. What an amazing property, it has that old house charm and character to match. Spacious living with these features, large kitchen with eat-in possibility, nice hardwood floors throughout the 1st and 2nd floors, central air and lots more things to see. Make that appointment today, because tomorrow maybe too late. Thanks for looking. ..

12. 2016-08-07
    historical
13. 2016-05-03
    listed $219,900
14. 2016-05-03
    historical
15. 2016-03-21
    listed $234,900
16. 2016-02-16
    historical
17. 2015-10-28
    listed $220,000
18. 2015-10-28
    historical
19. 2015-06-15
    listed $214,999
20. 2015-06-13
    historical
21. 2014-12-16
    listed $239,900
22. 2010-06-16
    soldstatus $253,000
23. 2010-06-09
    soldstatus $253,000
24. 2010-06-09
    soldstatus $253,000
25. 2010-04-16
    historical
26. 2010-03-01
    listed $259,500
27. 2010-03-01
    listed $259,500
28. 2009-11-23
    historical
29. 2009-08-05
    listed $259,500
30. 2006-09-18
    soldstatus $218,438
31. 2006-08-05
    soldstatus $220,000
32. 1994-12-21
    soldstatus $60,000
33. 1989-07-20
    soldstatus $110,000
34. 1983-05-01
    soldstatus $44,900
35. 1977-11-01
    soldstatus $52,500

ⓘ 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: $7,943 · $662/mo
• Projected year-2 tax: $8,640 · $720/mo
• Expected delta: +$697/yr (+$58/mo · 8.8%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 52% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $44,985
• − Mortgage interest: −$21,006
• − Property taxes: −$7,943
• − Insurance: −$1,875
• − Repairs & maintenance: −$3,599
• − Management: −$3,599
• − Depreciation: −$10,909
• Taxable loss: −$3,946
• Est. tax savings @ 24.0%: +$947
• After-tax cash flow: $3,068/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: Barrington School District
• NCES district ID: 3401170
• Math proficiency: 18% ▼ -28.00%
• Reading proficiency: 42% ▼ -10.00%
• Median HH income: $62,816
• Composite: 27.33/100
• National rank: #6989
• State rank: #338 of 472 in NJ

Livability — Barrington

• Score: 81/100
• State rank: #63
• US rank: #1562

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Barrington, NJ
• City population: 5,460
• Population (ZIP): 7,530

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: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 4% Black 1% Asian 1%
• Common ancestry: Romanian 9% Lithuanian 2% Danish 1%
• Foreign-born: 3% · China, Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Chinese 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: ▼ -141.57%
• Current HPI: 386.3206
• 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

+614.3% since first listed

35 events — show timeline

• 2026-05-20 Listed $375,000 BRIGHT MLS
• 2018-06-27 Price Changed $144,900 BRIGHT MLS
• 2018-01-05 Sold (MLS) $149,900 TREND
• 2018-01-05 Sold (MLS) $149,900 BRIGHT MLS
• 2017-11-17 Contingent — TREND
• 2017-11-11 Price Changed $144,900 TREND
• 2017-11-04 Price Changed $149,900 TREND
• 2017-10-27 Price Changed $154,900 TREND
• 2017-10-10 Price Changed $164,900 TREND
• 2017-09-20 Listed $174,900 TREND
• 2017-09-20 Listed $164,900 BRIGHT MLS
• 2016-08-07 Listing Removed — BRIGHT MLS
• 2016-05-03 Listing Removed — BRIGHT MLS
• 2016-05-03 Listed $219,900 BRIGHT MLS
• 2016-03-21 Listed $234,900 BRIGHT MLS
• 2016-02-16 Listing Removed — BRIGHT MLS
• 2015-10-28 Listing Removed — BRIGHT MLS
• 2015-10-28 Listed $220,000 BRIGHT MLS
• 2015-06-15 Listed $214,999 BRIGHT MLS
• 2015-06-13 Listing Removed — BRIGHT MLS
• 2014-12-16 Listed $239,900 BRIGHT MLS
• 2010-06-16 Sold (Public Records) $253,000 Public Records
• 2010-06-09 Sold (MLS) $253,000 BRIGHT MLS
• 2010-06-09 Sold (MLS) $253,000 TREND
• 2010-04-16 Listing Removed — BRIGHT MLS
• 2010-03-01 Listed $259,500 BRIGHT MLS
• 2010-03-01 Listed $259,500 TREND
• 2009-11-23 Listing Removed — BRIGHT MLS
• 2009-08-05 Listed $259,500 BRIGHT MLS
• 2006-09-18 Sold (Public Records) $218,438 Public Records
• 2006-08-05 Sold (Public Records) $220,000 Public Records
• 1994-12-21 Sold (Public Records) $60,000 Public Records
• 1989-07-20 Sold (Public Records) $110,000 Public Records
• 1983-05-01 Sold (Public Records) $44,900 Public Records
• 1977-11-01 Sold (Public Records) $52,500 Public Records

Property tax history

+2.8%/yr

Latest (2025): $7,943 · +4.4% YoY. Source: county tax records.