3 Fernwood Ln · Estell Manor, NJ 08330

$199,500

2 bd · 2.0 ba · 1,380 sqft · Manufactured · 118 Days on market

Built 2006 $145/sqft · 9% below area Est $220k · 9% under

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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 +25.6/30.0
• ARV discount +11.7/15.0
• Appreciation +10.0/10.0
• DSCR +8.5/10.0
• 1% rule +6.8/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

Key facts

• Pickleball courts
• Brand new roof
• Community clubhouse

Tags

• CHEF INSPIRED KITCHEN
• DEDICATED UTILITY ROOM
• NEWLY REBUILT 3 SEASON PORCH
• BRAND NEW ROOF
• COMMUNITY CLUBHOUSE
• PICKLEBALL COURTS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $475 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $182k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 6.1% in Estell Manor — 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 64/100 on livability (#414 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools C-, amenities F, commute F.
• 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; 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 $21k 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 $56k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $26k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; list at $200k implies a 105% gain — meaningful room to come down on a strong offer.

Recommended offer $181,545 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 1.18% ✓
• Cap rate: 9.15%
• Cash-on-cash: 10.19%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

• ARV (median comp): $220,000
• List price: $199,500
• Delta: -9.32%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2 Cedar Ct	0.19mi	2/2.0	1,350 (-2%)	12mo	$199,000	$147	77
8 Walnut Ct	0.14mi	3/2.0 (+1)	1,200 (-13%)	18mo	$212,000	$177	52

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: 31.7%
• Equity multiple: 3.49×
• Total profit: $138,913
• Equity at exit: $179,725

10-year hold

• IRR: 27.4%
• Equity multiple: 7.90×
• Total profit: $385,378
• Equity at exit: $387,585

Cash invested: $55,860 (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: 7.1×

Monthly cashflow live

• Estimated rent: $2,346 medium
• Mortgage (P&I): −$1,046
• Tax est. 1.5%: −$249 /mo · $2,992/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $475

Break-even live

Break-even rent $1,745

Max offer price $199,500

Occupancy floor 75%

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $199,500 Active 118 DOM
2. 2026-06-18
   days on market $199,500 Active 117 DOM
3. 2026-06-17
   days on market $199,500 Active 116 DOM
4. 2026-06-16
   days on market $199,500 Active 115 DOM
5. 2026-06-15
   days on market $199,500 Active 114 DOM
6. 2026-06-14
   days on market $199,500 Active 112 DOM
7. 2026-06-13
   pricedays on market $199,500 Active 111 DOM
8. 2026-06-10
   days on market $210,000 Active 109 DOM
9. 2026-06-09
   days on market $210,000 Active 108 DOM
10. 2026-06-08
    days on market $210,000 Active 107 DOM
11. 2026-06-07
    days on market $210,000 Active 106 DOM
12. 2026-06-05
    statusdays on market $210,000 Active 103 DOM
13. 2026-06-03
    days on market $210,000 Active - Back on Market 102 DOM
14. 2026-06-02
    days on market $210,000 Active - Back on Market 101 DOM
15. 2026-06-01
    days on market $210,000 Active - Back on Market 100 DOM
16. 2026-05-31
    days on market $210,000 Active - Back on Market 99 DOM
17. 2026-05-30
    days on market $210,000 Active - Back on Market 98 DOM
18. 2026-05-15
    historical Under Contract 1214-char remark

    Show marketing remark (1214 chars)

    Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

19. 2026-04-28
    price $210,000 1214-char remark

    Show marketing remark (1214 chars)

    Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

20. 2026-04-06
    price $214,900 1214-char remark

    Show marketing remark (1214 chars)

    Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

21. 2026-03-16
    price $220,000 1214-char remark

    Show marketing remark (1214 chars)

    Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

22. 2026-02-21
    listed $225,000 Active 1214-char remark

    Show marketing remark (1214 chars)

    Experience effortless living in this stunning model home, bathed in natural light from expansive windows throughout. The heart of the home is a chef-inspired kitchen featuring a large social island—the perfect centerpiece for entertaining friends and family. The Primary Suite and spacious second bedroom both offer generous closet storage, while the dedicated utility room comes move-in ready with a brand-new washer and dryer. The newly rebuilt 3-season porch (2024) expand your living space and is the perfect private sanctuary for morning coffee or evening unwinding. You will also be able to rest easy knowing both the home and the shed feature a brand-new roof and underwent a green life update ensuring maximum energy efficiency. Located in a meticulously maintained 55+ neighborhood, you are just a short stroll away from the community clubhouse. There, you can take advantage of wellness classes, the library, and other social activities. Relax by the pool, hit the pickleball courts, use the billiard room, or enjoy the fitness center at your leisure. With pristine, sidewalk-lined streets perfect for morning exercise or walking the dog, this home offers the perfect blend of comfort and activity.

23. 2020-12-11
    soldstatus $97,500 Sold 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

24. 2020-11-29
    historical Under Contract 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

25. 2020-10-13
    price $110,000 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

26. 2020-10-08
    price $115,000 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

27. 2020-09-25
    price $110,000 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

28. 2020-07-29
    listed $115,000 Active 820-char remark

    Show marketing remark (820 chars)

    Immaculate home!! Beautiful 2 bed 2 bath home that shows like a Model Home. * * * It is in excellent condition. * * * Large kitchen with center island, bar seating for 3. * * * Master bath has double sinks and large walk-in shower. * * * Come Spend your winter nights sitting at the cozy gas fireplace and the summer on the comfy enclosed screened porch. * * * It's your own personal oasis. Ceiling fans and 10x10 storage shed. * * * New refrigerator. New skylights. * * * Green Life Energy in 2019 updated house with new efficient energy saving procedures * * * . BIGGEST BONUS: -rent will only be what are current owner is paying ($485.00) and will not increase when you move in since this is the first time the house is being sold. Paid 165,000 selling for only 115000. Welcome to your New home!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $28,151
• − Mortgage interest: −$11,175
• − Property taxes: −$2,992
• − Insurance: −$998
• − Repairs & maintenance: −$2,252
• − Management: −$2,252
• − Depreciation: −$5,804
• Taxable income: $2,678
• Est. tax owed @ 24.0%: −$643
• After-tax cash flow: $5,052/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 — Estell Manor

• Score: 64/100
• State rank: #414
• US rank: #14535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Atlantic County · 143,611 people
• City population: 1,269
• 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

+82.6% since first listed

11 events — show timeline

• 2026-05-15 Contingent — SJSRMLS
• 2026-04-28 Price Changed $210,000 SJSRMLS
• 2026-04-06 Price Changed $214,900 SJSRMLS
• 2026-03-16 Price Changed $220,000 SJSRMLS
• 2026-02-21 Listed $225,000 SJSRMLS
• 2020-12-11 Sold (MLS) $97,500 SJSRMLS
• 2020-11-29 Contingent — SJSRMLS
• 2020-10-13 Price Changed $110,000 SJSRMLS
• 2020-10-08 Price Changed $115,000 SJSRMLS
• 2020-09-25 Price Changed $110,000 SJSRMLS
• 2020-07-29 Listed $115,000 SJSRMLS