329 Elmira Trl · Hopatcong, NJ 07843-1110

$220,000

1 bd · 1.0 ba · 664 sqft · SingleFamily public records · 100 Days on market

Built 1951 4,791 sqft lot $331/sqft · 29% below area Est $311k · 29% 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).

• ARV discount +15.0/15.0
• Cash flow +7.3/30.0
• Appreciation +5.0/10.0
• Livability +3.6/5.0
• Schools +2.9/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0

Listing remarks MLS

Welcome to 329 Elmira Trail, a Tudor-inspired ranch tucked into a peaceful Hopatcong setting, offering approximately 664 sqft of character, charm, and opportunity. From the moment you arrive, the distinctive exterior detailing and wooded backdrop create a sense of retreat and potential. Step inside to discover a flowing layout where the living and dining areas connect seamlessly, creating an open space ready to be transformed to fit your vision. The kitchen offers a practical footprint with exciting redesign possibilities, ready to become the heart of the home. The comfortable bedroom features natural light and closet storage, while the full bath with stall shower completes the main living quarters. An additional flex space provides versatility for a home office, den, or creative retreat. Outside, the rear deck invites you to design your own private outdoor escape surrounded by trees. Value-add opportunity for investors! Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate and deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing.

Key facts

• Wooded backdrop
• Open space
• Flex space

Tags

• DISTINCTIVE EXTERIOR DETAILING
• WOODED BACKDROP
• OPEN SPACE
• PRACTICAL FOOTPRINT
• FLEX SPACE
• REAR DECK

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-298 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (23.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (25.0% below list).
• Recommended offer: $165k (25.0% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 0.4% in Hopatcong — 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 71/100 on livability (#249 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Hopatcong Borough School District (suburban): math 17% / reading 42% proficiency, ranked #322 of 472 in NJ (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Tulsa Trail Elementary School (math 17% / reading 27%, grade F, #951 of 1,303 statewide, top 75%, 210 students, 35% FRL); Hopatcong Middle School (math 15% / reading 43%, grade F, #321 of 431 statewide, top 77%, 428 students, 26% FRL); Hopatcong High School (math 19% / reading 48%, grade F, #251 of 399 statewide, top 64%, 520 students, 25% FRL).
• Market conditions: 1 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 184 units permitted in Sussex County in 2024 (18 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($2k loan paydown + $7k appreciation (3.0% local appreciation)).
• Sussex County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $103k; list at $220k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $165,000 (25.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 4.67%
• Cash-on-cash: -5.81%
• DSCR: 0.74
• GRM: 11.1

CMA / ARV

• ARV (median comp): $311,000
• List price: $220,000
• Delta: -29.26%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.12×
• Total profit: $7,588
• Equity at exit: $98,922

10-year hold

• IRR: 5.7%
• Equity multiple: 1.87×
• Total profit: $53,763
• Equity at exit: $152,450

Cash invested: $61,600 (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 07843-1110

• Active inventory: 1
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,650 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$356 /mo · $4,275/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $-298

Break-even live

Break-even rent $2,027

Max offer price $167,332

Occupancy floor —

Sensitivity live

Price	-10% $-174	-5% $-236	+0% $-298	+5% $-360	+10% $-423
Rent	-10% $-428	-5% $-363	+0% $-298	+5% $-233	+10% $-168
Rate	-1.0pp $-187	-0.5pp $-242	base $-298	+0.5pp $-355	+1.0pp $-413

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
163 Hudson Ave Unit B Hopatcong, NJ	1.0	1.0	400	$1,650	$4.12	45d	1	1.03mi

Listing history 23 events

1. 2026-06-21
   days on market $220,000 Active 100 DOM
2. 2026-06-18
   days on market $220,000 Active 97 DOM
3. 2026-06-17
   days on market $220,000 Active 96 DOM
4. 2026-06-16
   days on market $220,000 Active 95 DOM
5. 2026-06-15
   days on market $220,000 Active 94 DOM
6. 2026-06-13
   days on market $220,000 Active 92 DOM
7. 2026-06-13
   days on market $220,000 Active 91 DOM
8. 2026-06-09
   days on market $220,000 Active 88 DOM
9. 2026-06-08
   days on market $220,000 Active 87 DOM
10. 2026-06-07
    days on market $220,000 Active 86 DOM
11. 2026-06-04
    days on market $220,000 Active 83 DOM
12. 2026-06-03
    days on market $220,000 Active 82 DOM
13. 2026-06-02
    days on market $220,000 Active 81 DOM
14. 2026-06-01
    days on market $220,000 Active 80 DOM
15. 2026-05-31
    days on market $220,000 Active 79 DOM
16. 2026-05-02
    price $220,000 1500-char remark

    Show marketing remark (1500 chars)

    Welcome to 329 Elmira Trail, a Tudor-inspired ranch tucked into a peaceful Hopatcong setting, offering approximately 664 sqft of character, charm, and opportunity. From the moment you arrive, the distinctive exterior detailing and wooded backdrop create a sense of retreat and potential. Step inside to discover a flowing layout where the living and dining areas connect seamlessly, creating an open space ready to be transformed to fit your vision. The kitchen offers a practical footprint with exciting redesign possibilities, ready to become the heart of the home. The comfortable bedroom features natural light and closet storage, while the full bath with stall shower completes the main living quarters. An additional flex space provides versatility for a home office, den, or creative retreat. Outside, the rear deck invites you to design your own private outdoor escape surrounded by trees. Value-add opportunity for investors! Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate and deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing.

17. 2026-05-01
    status Active 1500-char remark

    Show marketing remark (1500 chars)

    Welcome to 329 Elmira Trail, a Tudor-inspired ranch tucked into a peaceful Hopatcong setting, offering approximately 664 sqft of character, charm, and opportunity. From the moment you arrive, the distinctive exterior detailing and wooded backdrop create a sense of retreat and potential. Step inside to discover a flowing layout where the living and dining areas connect seamlessly, creating an open space ready to be transformed to fit your vision. The kitchen offers a practical footprint with exciting redesign possibilities, ready to become the heart of the home. The comfortable bedroom features natural light and closet storage, while the full bath with stall shower completes the main living quarters. An additional flex space provides versatility for a home office, den, or creative retreat. Outside, the rear deck invites you to design your own private outdoor escape surrounded by trees. Value-add opportunity for investors! Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate and deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing.

18. 2026-04-16
    status Under Contract 1500-char remark

    Show marketing remark (1500 chars)

    Welcome to 329 Elmira Trail, a Tudor-inspired ranch tucked into a peaceful Hopatcong setting, offering approximately 664 sqft of character, charm, and opportunity. From the moment you arrive, the distinctive exterior detailing and wooded backdrop create a sense of retreat and potential. Step inside to discover a flowing layout where the living and dining areas connect seamlessly, creating an open space ready to be transformed to fit your vision. The kitchen offers a practical footprint with exciting redesign possibilities, ready to become the heart of the home. The comfortable bedroom features natural light and closet storage, while the full bath with stall shower completes the main living quarters. An additional flex space provides versatility for a home office, den, or creative retreat. Outside, the rear deck invites you to design your own private outdoor escape surrounded by trees. Value-add opportunity for investors! Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate and deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing.

19. 2026-02-26
    listed $230,000 Active 1500-char remark

    Show marketing remark (1500 chars)

    Welcome to 329 Elmira Trail, a Tudor-inspired ranch tucked into a peaceful Hopatcong setting, offering approximately 664 sqft of character, charm, and opportunity. From the moment you arrive, the distinctive exterior detailing and wooded backdrop create a sense of retreat and potential. Step inside to discover a flowing layout where the living and dining areas connect seamlessly, creating an open space ready to be transformed to fit your vision. The kitchen offers a practical footprint with exciting redesign possibilities, ready to become the heart of the home. The comfortable bedroom features natural light and closet storage, while the full bath with stall shower completes the main living quarters. An additional flex space provides versatility for a home office, den, or creative retreat. Outside, the rear deck invites you to design your own private outdoor escape surrounded by trees. Value-add opportunity for investors! Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all inspections, CO and certifications. All information and property details set forth in this listing, including all utilities and all room dimensions which are approximate and deemed reliable but not guaranteed and should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property information and details have been provided in this MLS listing.

20. 1990-04-25
    soldstatus $103,000
21. 1987-10-02
    soldstatus $100,000
22. 1987-04-29
    soldstatus $110,000
23. 1978-10-01
    soldstatus $27,500

ⓘ 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: $4,275 · $356/mo
• Projected year-2 tax: $4,877 · $406/mo
• Expected delta: +$601/yr (+$50/mo · 14.1%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,800
• − Mortgage interest: −$12,323
• − Property taxes: −$4,275
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,584
• − Management: −$1,584
• − Depreciation: −$6,400
• Taxable loss: −$7,467
• Est. tax savings @ 24.0%: +$1,792
• After-tax cash flow: $-1,786/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: Hopatcong Borough School District
• NCES district ID: 3407440
• Math proficiency: 17% ▼ -14.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $81,724
• Composite: 28.72/100
• National rank: #6681
• State rank: #322 of 472 in NJ

Livability — Hopatcong

• Score: 71/100
• State rank: #249
• US rank: #6962

Category grades

Amenities F Commute F 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: Hopatcong, NJ

Population outlook (Sussex County) Hauer SSP2

• Today (2025): 133,413 people
• By 2030: 127,324 · -4.6%
• By 2040: 113,987 · -14.6%
• By 2050: 100,391 · -24.8%
• By 2075: 78,063 · -41.5%
• By 2100: 62,346 · -53.3%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+700.0% since first listed

8 events — show timeline

• 2026-05-02 Price Changed $220,000 GSMLS
• 2026-05-01 Relisted — GSMLS
• 2026-04-16 Pending — GSMLS
• 2026-02-26 Listed $230,000 GSMLS
• 1990-04-25 Sold (Public Records) $103,000 Public Records
• 1987-10-02 Sold (Public Records) $100,000 Public Records
• 1987-04-29 Sold (Public Records) $110,000 Public Records
• 1978-10-01 Sold (Public Records) $27,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $4,275 · +6.2% YoY. Source: county tax records.