92 Violet Dr · Vineland, NJ 08360

$72,000

2 bd · 2.0 ba · 600 sqft · Manufactured · 60 Days on market

Built 1989 Fair condition Est $60k · 20% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +1.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This mobile homes completely furnished. It also has a brand new roof, ac unit and oil tank. The deck is the place be to enjoy the beautiful landscaping. Come take a look at this well maintained home. you will not be disappointed

Key facts

• 2 parking spots
• Built 1989
• Listed 59 days

Property features AI

Finance

• Other: Pets allowed with case-by-case approval, breed restrictions and number limits; Ownership interest: Other; Tidal water: No; Year built: estimated
• Financial info: Lease not considered

Exterior

• Parking: Driveway parking; 2 driveway spaces (2 total garage/parking spaces)
• Utilities: Public water; Public septic; Electric service available
• Home design: Manufactured single-wide home; Building not winterized; Property managed by a property manager
• Construction: Above-grade finished area approximately 600 (estimated)
• Exterior features: Located in Little Flower Estates; Not in a federal flood zone; Other above-grade structures

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Forced air heating (oil-fired); Central air conditioning (electric); Electric hot water
• Interior features: Estimated living area; No basement; Good property condition; Accessibility features present (unspecified)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $72k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $737 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $72k).
• Recommended offer: $70k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 4.5% in Vineland — 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 66/100 on livability (#363 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: employment D+, schools D, crime F.
• Vineland Public School District (urban): math 9% / reading 34% proficiency, ranked #418 of 472 in NJ (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 175 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $498 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Cumberland County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $69,840 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 2.17% ✓
• Cap rate: 18.57%
• Cash-on-cash: 43.86%
• DSCR: 2.95
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $60,000
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1887 N Delsea Dr #6	0.12mi	2/1.0	600 (0%)	11mo	$60,000	$100	81

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: 40.8%
• Equity multiple: 2.75×
• Total profit: $35,291
• Equity at exit: $10,735

10-year hold

• IRR: 47.1%
• Equity multiple: 5.53×
• Total profit: $91,263
• Equity at exit: $6,225

Cash invested: $20,160 (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 08360

• Active inventory: 175
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,563 medium
• Mortgage (P&I): −$378
• Tax est. 1.5%: −$90 /mo · $1,080/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $737

Break-even live

Break-even rent $630

Max offer price $72,000

Occupancy floor 48%

Sensitivity live

Price	-10% $787	-5% $762	+0% $737	+5% $712	+10% $687
Rent	-10% $613	-5% $675	+0% $737	+5% $799	+10% $860
Rate	-1.0pp $773	-0.5pp $755	base $737	+0.5pp $718	+1.0pp $699

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $72,000 Active 60 DOM
2. 2026-06-19
   days on market $72,000 Active 58 DOM
3. 2026-06-18
   days on market $72,000 Active 57 DOM
4. 2026-06-17
   days on market $72,000 Active 56 DOM
5. 2026-06-16
   days on market $72,000 Active 55 DOM
6. 2026-06-15
   days on market $72,000 Active 54 DOM
7. 2026-06-14
   days on market $72,000 Active 52 DOM
8. 2026-06-13
   days on market $72,000 Active 51 DOM
9. 2026-06-10
   days on market $72,000 Active 49 DOM
10. 2026-06-09
    days on market $72,000 Active 48 DOM
11. 2026-06-08
    days on market $72,000 Active 47 DOM
12. 2026-06-07
    days on market $72,000 Active 46 DOM
13. 2026-06-03
    days on market $72,000 Active 42 DOM
14. 2026-06-02
    days on market $72,000 Active 41 DOM
15. 2026-06-01
    days on market $72,000 Active 40 DOM
16. 2026-05-31
    days on market $72,000 Active 39 DOM
17. 2026-05-30
    days on market $72,000 Active 38 DOM
18. 2026-05-08
    price $72,000
19. 2026-04-22
    listed $80,000 Active
20. 2022-03-04
    soldstatus $49,900 Closed 228-char remark

    Show marketing remark (228 chars)

    This mobile homes completely furnished. It also has a brand new roof, ac unit and oil tank. The deck is the place be to enjoy the beautiful landscaping. Come take a look at this well maintained home. you will not be disappointed

21. 2022-01-04
    status Pending 228-char remark

    Show marketing remark (228 chars)

    This mobile homes completely furnished. It also has a brand new roof, ac unit and oil tank. The deck is the place be to enjoy the beautiful landscaping. Come take a look at this well maintained home. you will not be disappointed

22. 2021-11-04
    listed $54,900 Active 228-char remark

    Show marketing remark (228 chars)

    This mobile homes completely furnished. It also has a brand new roof, ac unit and oil tank. The deck is the place be to enjoy the beautiful landscaping. Come take a look at this well maintained home. you will not be disappointed

ⓘ 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: $18,752
• − Mortgage interest: −$4,033
• − Property taxes: −$1,080
• − Insurance: −$360
• − Repairs & maintenance: −$1,500
• − Management: −$1,500
• − Depreciation: −$2,095
• Taxable income: $8,184
• Est. tax owed @ 24.0%: −$1,964
• After-tax cash flow: $6,879/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This mobile home requires moderate renovations to update the kitchen and bathrooms, paint the interior, and replace the carpeted flooring. These updates will significantly increase its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — dated and in need of replacement
• Minor exterior siding — some wear

Value-add opportunities

• Both update kitchen and bathroom fixtures — modernizing will appeal to both buyers and renters
• Both paint interior walls — fresh paint will improve curb appeal and interior aesthetics
• Both replace carpeted flooring — new flooring will improve comfort and appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Moderate	$3,000–15,000
exterior siding · some wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$6,500–33,000

Value-add ROI direction

• Both update kitchen and bathroom fixtures — modernizing will appeal to both buyers and renters ↑
• Both paint interior walls — fresh paint will improve curb appeal and interior aesthetics ↑
• Both replace carpeted flooring — new flooring will improve comfort and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Vineland Public School District
• NCES district ID: 3416800
• Math proficiency: 9% ▼ -17.00%
• Reading proficiency: 34% ▬ 0.00%
• Median HH income: $51,168
• Composite: 19.17/100
• National rank: #8819
• State rank: #418 of 472 in NJ

Livability — Vineland

• Score: 66/100
• State rank: #363
• US rank: #12180

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vineland, NJ
• County: Cumberland County · 80,266 people
• City population: 45,038
• Metro: Vineland-Bridgeton, NJ
• Population (ZIP): 45,038
• Household income: $65,359
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 1328.0

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 51% White 32% Two or more races 17% Black 11% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 33% Dominican 2%
• Common ancestry: Romanian 2% Subsaharan African 1% Scotch-Irish 1%
• Foreign-born: 14% · Canada, Jamaica
• Languages at home: 59% English-only · Spanish 37% Russian/Polish/Slavic 2% Other Indo-European 1%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -320.06%
• Current HPI: 278.786
• Rent YoY: —
• Metro: Vineland-Bridgeton, 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

+31.1% since first listed

5 events — show timeline

• 2026-05-08 Price Changed $72,000 BRIGHT MLS
• 2026-04-22 Listed $80,000 BRIGHT MLS
• 2022-03-04 Sold (MLS) $49,900 BRIGHT MLS
• 2022-01-04 Pending — BRIGHT MLS
• 2021-11-04 Listed $54,900 BRIGHT MLS