8249 Eden Ln · Palmyra, NJ 08110

$275,000

3 bd · 2.0 ba · 1,236 sqft · SingleFamily public records · 66 Days on market

Built 1990 8,359 sqft lot Est $310k · 11% under

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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 +14.8/30.0
• ARV discount +12.6/15.0
• 1% rule +4.8/10.0
• DSCR +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Come check out this beautiful and recently updated property in the heart of Pennsauken, NJ. The property offers comfort and modern touches, just minutes away from Philadelphia. As you step inside a spacious living room and kitchen, 3 bedrooms, and 2 full bathrooms. The property has 2 driveways that can fit up to 2 cars each, a big backyard, and so much more. Schedule your appointment today.

Key facts

• Big backyard
• 2 driveways
• Spacious living room

Tags

• SPACIOUS LIVING ROOM
• BIG BACKYARD
• 2 DRIVEWAYS

Property features AI

Finance

• Financial info: Ownership is fee simple

Exterior

• Parking: Driveway
• Utilities: Public sewer
• Home design: Detached structure; Above-grade finished living area reported as 1,236 (assessor)
• Construction: Frame construction; Slab foundation; Above-grade and below-grade structures noted; Year built recorded by assessor
• Exterior features: Lot dimensions approximately 61.00 x 0.00; No tidal water

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Forced air heating fueled by natural gas; Central air conditioning (central A/C) with natural gas cooling fuel; Natural gas hot water
• Interior features: No basement; Living area recorded from assessor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $77 ($927/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 $270k (2.0% below list).
• Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.6% in Palmyra — 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 72/100 on livability (#204 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, employment A-, crime B+; Watch: cost of living D+, amenities F, health & safety D-.
• 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: Delair Elementary School (math 8% / reading 17%, grade F, #1,172 of 1,303 statewide, top 91%, 285 students, 47% 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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).
• This rent runs 39% 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 $2k of loan paydown is wiped out by about $8k 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 66 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $23k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $275k implies a 267% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $258,499 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 6.63%
• Cash-on-cash: 1.20%
• DSCR: 1.05
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $310,236
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8412 Bannard Ave	0.26mi	3/1.5	1,216 (-2%)	6mo	$195,000	$160	78
8455 Balfour Rd	0.18mi	3/1.5	1,199 (-3%)	11mo	$285,000	$238	76
8220 Stow Rd	0.24mi	3/1.5	1,272 (+3%)	14mo	$320,000	$252	70
8461 Holman Ave	0.19mi	3/2.5	1,296 (+5%)	15mo	$305,000	$235	68
8337 Bannard Ave	0.28mi	3/2.0	1,144 (-7%)	16mo	$300,000	$262	61
8453 Sheppard Rd	0.17mi	3/1.0	1,400 (+13%)	9mo	$260,000	$186	59
7924 River Rd	0.31mi	4/1.0 (+1)	1,356 (+10%)	6mo	$160,000	$118	55
1556 Velde Ave	0.56mi	3/1.5	1,344 (+9%)	8mo	$350,000	$260	50
7318 Zimmerman Ave	0.74mi	3/2.0	1,321 (+7%)	8mo	$360,000	$273	48
7929 Stow Rd	0.37mi	3/1.0	1,056 (-15%)	12mo	$265,000	$251	44
7325 Remington Ave	0.63mi	3/2.0	1,132 (-8%)	15mo	$302,000	$267	44
525 Derousse Ave	0.68mi	4/1.0 (+1)	1,074 (-13%)	12mo	$160,000	$149	27

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-39,507
• Equity at exit: $41,003

10-year hold

• IRR: -5.5%
• Equity multiple: 0.64×
• Total profit: $-27,521
• Equity at exit: $23,777

Cash invested: $77,000 (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 08110

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

Monthly cashflow live

• Estimated rent: $2,696 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$495 /mo · $5,946/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$566
• Net cashflow: $77

Break-even live

Break-even rent $2,598

Max offer price $275,000

Occupancy floor 92%

Sensitivity live

Price	-10% $233	-5% $155	+0% $77	+5% $-1	+10% $-78
Rent	-10% $-136	-5% $-29	+0% $77	+5% $184	+10% $290
Rate	-1.0pp $216	-0.5pp $147	base $77	+0.5pp $6	+1.0pp $-66

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8117 Stow Rd Pennsauken, NJ	3.0	1.0	1056	$2,450	$2.32	7d	1	0.36mi
7406 Jackson Ave Pennsauken, NJ	3.0	2.0	1344	$2,900	$2.16	19d	1	0.96mi
2100 Haddonfield Rd Pennsauken, NJ	1.0–2.0	1.0–2.0	904	$2,833	$3.13	0d	33	1.44mi

Listing history 17 events

1. 2026-06-21
   days on market $275,000 Active 66 DOM
2. 2026-06-18
   days on market $275,000 Active 63 DOM
3. 2026-06-17
   days on market $275,000 Active 62 DOM
4. 2026-06-16
   days on market $275,000 Active 61 DOM
5. 2026-06-15
   days on market $275,000 Active 60 DOM
6. 2026-06-13
   days on market $275,000 Active 58 DOM
7. 2026-06-13
   pricestatusdays on market $275,000 Active 57 DOM
8. 2026-05-07
   historical Active Under Contract
9. 2026-04-27
   price $285,000
10. 2026-04-17
    price $293,000
11. 2026-04-15
    price $293,999
12. 2026-03-13
    listed $298,000 Active
13. 2026-02-21
    historical
14. 2026-01-14
    price $299,000
15. 2025-10-08
    listed $329,000 Active
16. 1998-05-29
    soldstatus $75,000
17. 1996-11-14
    soldstatus $87,000

ⓘ 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: $5,946 · $495/mo
• Projected year-2 tax: $6,397 · $533/mo
• Expected delta: +$451/yr (+$38/mo · 7.6%)

ⓘ 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 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,346
• − Mortgage interest: −$15,404
• − Property taxes: −$5,946
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,588
• − Management: −$2,588
• − Depreciation: −$8,000
• Taxable loss: −$3,554
• Est. tax savings @ 24.0%: +$853
• After-tax cash flow: $1,780/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 — Palmyra

• Score: 72/100
• State rank: #204
• US rank: #5735

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Camden County · 407,624 people
• City population: 7,447
• 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

+227.6% since first listed

10 events — show timeline

• 2026-05-07 Contingent — BRIGHT MLS
• 2026-04-27 Price Changed $285,000 BRIGHT MLS
• 2026-04-17 Price Changed $293,000 BRIGHT MLS
• 2026-04-15 Price Changed $293,999 BRIGHT MLS
• 2026-03-13 Listed $298,000 BRIGHT MLS
• 2026-02-21 Listing Removed — BRIGHT MLS
• 2026-01-14 Price Changed $299,000 BRIGHT MLS
• 2025-10-08 Listed $329,000 BRIGHT MLS
• 1998-05-29 Sold (Public Records) $75,000 Public Records
• 1996-11-14 Sold (Public Records) $87,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $5,946 · +6.2% YoY. Source: county tax records.