3 Lafayette Ave · Weymouth, NJ 08330

$205,000

2 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 155 Days on market

Built 1900 Est $204k · at est.

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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 +25.7/30.0
• Appreciation +10.0/10.0
• DSCR +8.6/10.0
• ARV discount +7.2/15.0
• 1% rule +6.4/10.0
• Schools +4.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

Key facts

• Quiet street
• Newer heater
• Spacious kitchen

Tags

• SPACIOUS KITCHEN
• INVITING LIVING ROOM
• FENCED BACKYARD
• QUIET STREET
• NEW ROOF
• NEWER HEATER

Property features AI

Exterior

• Parking: Exterior parking for two cars; No garage
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Single-family property; Main living areas on main level; Upper-level bedrooms
• Construction: Asbestos siding
• Exterior features: Fenced yard; Lot dimensions approximately 45 x 120; Less than 1 acre lot; Not waterfront; Property in a floodplain

Interior

• Kitchen: Electric stove; Refrigerator
• Bedrooms: Bedrooms located on upper level
• Flooring: Laminate
• Bathrooms: 1 full bathroom (upper level)
• Heating & cooling: Oil heating with above-ground tank; Baseboard heat
• Interior features: Carbon monoxide detector; Smoke/Fire alarm
• Laundry & utility: Washer; Dryer; Laundry/utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $490 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Weymouth Township School District (rural): math 50% / reading 55% proficiency, ranked #351 of 612 in NJ (top 57%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 240 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).
• This rent runs 36% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $57k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, 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 155 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y 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; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 79% 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 $180,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.14% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.25%
• DSCR: 1.46
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $203,504
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Lafayette Ave	0.00mi	2/1.0	1,285 (-0%)	1mo	$195,000	$152	99
934 Grant St	0.54mi	3/1.5 (+1)	1,408 (+9%)	16mo	$222,920	$158	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.8%
• Equity multiple: 3.49×
• Total profit: $142,865
• Equity at exit: $184,680

10-year hold

• IRR: 27.5%
• Equity multiple: 7.90×
• Total profit: $396,145
• Equity at exit: $398,270

Cash invested: $57,400 (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 08330

• Home prices YoY: 3.9%
• Active inventory: 240
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,327 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$188 /mo · $2,252/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $490

Break-even live

Break-even rent $1,707

Max offer price $205,000

Occupancy floor 74%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6200 Old Harding Hwy Mays Landing, NJ	2.0	2.0	1200	$2,299	$1.92	12d	1	1.31mi

Listing history 25 events

1. 2026-03-30
   historical Under Contract
2. 2025-12-22
   listed $205,000 Active
3. 2025-05-28
   soldstatus $150,000
4. 2021-02-03
   soldstatus $87,500
5. 2021-01-15
   soldstatus $87,500 Sold 978-char remark

   Show marketing remark (978 chars)

   Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

6. 2021-01-15
   soldstatus $87,500 Closed

   Show marketing remark (978 chars)

   Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

7. 2020-11-25
   status Pending

   Show marketing remark (978 chars)

   Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

8. 2020-11-25
   historical Under Contract 978-char remark

   Show marketing remark (978 chars)

   Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

9. 2020-09-09
   price $105,000 978-char remark

   Show marketing remark (978 chars)

   Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

10. 2020-09-08
    listed $105,000 Active
11. 2020-08-14
    price $113,900 978-char remark

    Show marketing remark (978 chars)

    Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

12. 2020-07-27
    listed $123,900 Active 978-char remark

    Show marketing remark (978 chars)

    Investors Just reduced! Here is your chance to get your hands on two properties at once. See MLS 539763 for the other half of the house listing info. Rarely found both sides of a semi-detached home for sale at the same time. Great for owner occupied on one side with investment on other side with income produced already, or use both sides as investment opportunity. Both homes are close in size and layout. Each property owned by a different person. This right side of building is a 2 BR, 1 BA and currently tenant occupied until February, 2021. It offers new wall unit in LR, public water and sewer. Fireplace has not been inspected and not operational. Full size washer/dryer in utility room. It has been updated with a new kitchen and bath and is a great income producing property. Fully fenced yard. Partial basement great for storage. Sellers willing to negotiate in order to make sale of both properties at once. 24 Hr Notice needed for showings due to tenant occupancy.

13. 2020-02-26
    historical
14. 2020-02-19
    status Active
15. 2020-01-29
    historical
16. 2019-11-21
    price $112,500
17. 2019-11-07
    price $99,000
18. 2019-08-25
    listed $112,500 Active
19. 2016-11-14
    listed $117,000 Active
20. 2016-11-13
    historical
21. 2015-11-13
    listed $117,000
22. 2001-08-27
    soldstatus $66,400
23. 2001-07-30
    soldstatus $66,300
24. 2001-06-13
    historical
25. 2001-02-14
    listed $74,000

ⓘ 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: $2,252 · $188/mo
• Projected year-2 tax: $3,678 · $307/mo
• Expected delta: +$1,426/yr (+$119/mo · 63.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 79% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,925
• − Mortgage interest: −$11,483
• − Property taxes: −$2,252
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,234
• − Management: −$2,234
• − Depreciation: −$5,964
• Taxable income: $2,733
• Est. tax owed @ 24.0%: −$656
• After-tax cash flow: $5,227/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: Weymouth Township School District
• NCES district ID: 3417850
• Math proficiency: 50% ▲ 5.00%
• Reading proficiency: 55% ▲ 10.00%
• Median HH income: $54,908
• Composite: 47.23/100
• National rank: #5081
• State rank: #351 of 612 in NJ

Livability — Weymouth

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

Census & demographics

• County: Atlantic County · 143,611 people
• Metro: Atlantic City-Hammonton, NJ
• Population (ZIP): 29,972
• Household income: $77,167
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 1003.0

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 0.62)
• Race & ethnicity: White 58% Hispanic / Latino 16% Black 14% Two or more races 13% Asian 4%
• Hispanic origin (detail): Puerto Rican 7% Dominican 4%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 1%
• Foreign-born: 9% · Canada, Vietnam, Guatemala
• Languages at home: 84% English-only · Spanish 10% Tagalog/Filipino 1% Other Indo-European 1%

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: ▲ 11.58%
• Current HPI: 308.5148
• Rent YoY: —
• Metro: Atlantic City-Hammonton, NJ
• 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

+177.0% since first listed

25 events — show timeline

• 2026-03-30 Contingent — SJSRMLS
• 2025-12-22 Listed $205,000 SJSRMLS
• 2025-05-28 Sold (Public Records) $150,000 Public Records
• 2021-02-03 Sold (Public Records) $87,500 Public Records
• 2021-01-15 Sold (MLS) $87,500 BRIGHT MLS
• 2021-01-15 Sold (MLS) $87,500 SJSRMLS
• 2020-11-25 Pending — BRIGHT MLS
• 2020-11-25 Contingent — SJSRMLS
• 2020-09-09 Price Changed $105,000 SJSRMLS
• 2020-09-08 Listed $105,000 BRIGHT MLS
• 2020-08-14 Price Changed $113,900 SJSRMLS
• 2020-07-27 Listed $123,900 SJSRMLS
• 2020-02-26 Listing Removed — SJSRMLS
• 2020-02-19 Relisted — SJSRMLS
• 2020-01-29 Listing Removed — SJSRMLS
• 2019-11-21 Price Changed $112,500 SJSRMLS
• 2019-11-07 Price Changed $99,000 SJSRMLS
• 2019-08-25 Listed $112,500 SJSRMLS
• 2016-11-14 Listed $117,000 BRIGHT MLS
• 2016-11-13 Listing Removed — BRIGHT MLS
• 2015-11-13 Listed $117,000 BRIGHT MLS
• 2001-08-27 Sold (Public Records) $66,400 Public Records
• 2001-07-30 Sold (MLS) $66,300 SJSRMLS
• 2001-06-13 Listing Removed — SJSRMLS
• 2001-02-14 Listed $74,000 SJSRMLS

Property tax history

+1.1%/yr

Latest (2025): $2,252 · +12.8% YoY. Source: county tax records.