1625 Fifth St · Ewing, NJ 08638

$145,000

2 bd · 1.0 ba · 976 sqft · SingleFamily public records · 86 Days on market

Built 1955 6,080 sqft lot

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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 +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Rent growth +3.3/5.0
• Schools +2.5/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRING YOUR INVESTORS! Cash only House sold strictly as is. Seller makes no representation on the condition of the property

Key facts

• Generous lot
• Detached home
• Off-street parking

Tags

• DETACHED HOME
• OFF-STREET PARKING
• GENEROUS LOT

Property features AI

Finance

• Other: Finished above-grade area reported as 976 (per assessor)
• Financial info: Ownership is fee simple
• HOA & community: No HOA information provided

Exterior

• Parking: Detached carport with two spaces; Driveway access; Alley access
• Security: No security details provided
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Detached structure; One-story entry (main living on main level)
• Construction: Frame construction; Slab foundation; Year built information from assessor
• Exterior features: Lot dimensions approximately 40 x 152; No tidal water on the lot; Other structures noted above and below grade

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Two bedrooms on the main level
• Flooring: No flooring details provided
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Baseboard hot water heating; Natural gas heating and hot water
• Interior features: No basement
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% 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.
• Ewing Township School District (suburban): math 16% / reading 37% proficiency, ranked #358 of 472 in NJ (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.3%/yr); 83 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).
• This rent runs 38% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Mercer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $26k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.47% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.06%
• DSCR: 1.67
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $314,272
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1772 7th St	0.22mi	2/1.0	1,008 (+3%)	11mo	$305,000	$303	75
2305 Columbia Ave	0.09mi	2/1.0	1,120 (+15%)	8mo	$270,000	$241	65
1601 Ninth St	0.23mi	3/1.0 (+1)	1,024 (+5%)	15mo	$310,000	$303	63
32 Ewingville Rd	0.41mi	3/1.0 (+1)	1,118 (+14%)	0mo	$360,000	$322	51
1569 12th St	0.39mi	3/2.0 (+1)	1,014 (+4%)	22mo	$310,000	$306	48
8 Bruce Ln	0.74mi	3/1.0 (+1)	960 (-2%)	14mo	$337,500	$352	46
5 Shelburne Dr	0.51mi	3/1.0 (+1)	1,118 (+14%)	9mo	$390,000	$349	40
68 Weber	0.59mi	3/1.0 (+1)	1,105 (+13%)	10mo	$157,000	$142	37
46 Rosedale Ave	0.63mi	3/2.0 (+1)	1,112 (+14%)	8mo	$425,000	$382	32
1 Stoneham Rd	0.69mi	3/2.0 (+1)	1,120 (+15%)	21mo	$485,000	$433	17

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 · 3.31% rent growth · sell at horizon

5-year hold

• IRR: 6.1%
• Equity multiple: 1.24×
• Total profit: $9,760
• Equity at exit: $21,620

10-year hold

• IRR: 15.9%
• Equity multiple: 2.32×
• Total profit: $53,600
• Equity at exit: $12,537

Cash invested: $40,600 (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 08638

• Rents YoY: 3.3%
• Active inventory: 83
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $2,132 high
• Mortgage (P&I): −$760
• Tax from tax record: −$354 /mo · $4,245/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $510

Break-even live

Break-even rent $1,487

Max offer price $145,000

Occupancy floor 71%

Sensitivity live

Price	-10% $592	-5% $551	+0% $510	+5% $468	+10% $427
Rent	-10% $341	-5% $425	+0% $510	+5% $594	+10% $678
Rate	-1.0pp $583	-0.5pp $546	base $510	+0.5pp $472	+1.0pp $434

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 Prospect St Unit 1 Ewing Township, NJ	3.0	1.0	1100	$2,000	$1.82	21d	1	0.76mi
11 Heath St Ewing, NJ	3.0	1.0	1038	$2,850	$2.75	14d	1	0.78mi
901 Brunswick Ave #7 Trenton, NJ	3.0	1.0	940	$2,800	$2.98	14d	1	0.80mi
702 Meadow Woods Ln Lawrence Township, NJ	1.0	1.0	800	$1,745	$2.18	21d	1	0.86mi
907 Meadow Woods Ln Unit TYPE Lawrence Township, NJ	1.0	1.0	800	$1,600	$2.00	21d	1	0.89mi
1001 Pennington Rd Unit 1-2B Ewing Township, NJ	2.0	1.0	700	$1,200	$1.71	21d	1	0.98mi
550 Lawrenceville Rd Lawrence Township, NJ	1.0–2.0	1.0	910	$1,655	$1.82	21d	1	1.09mi
77 Race St Trenton, NJ	2.0	1.0	950	$1,700	$1.79	21d	1	1.09mi
2140 Princeton Pike Lawrenceville, NJ	2.0	1.0	952	$2,700	$2.84	21d	1	1.19mi
34 Western Ave Ewing Township, NJ	1.0–3.0	1.0–1.5	832	$2,218	$2.66	14d	3	1.24mi
416 Klagg Ave Trenton, NJ	3.0	1.0	1034	$2,300	$2.22	21d	1	1.34mi

Listing history 33 events

1. 2026-06-18
   days on market $145,000 Active 86 DOM
2. 2026-06-17
   days on market $145,000 Active 85 DOM
3. 2026-06-16
   days on market $145,000 Active 84 DOM
4. 2026-06-15
   days on market $145,000 Active 83 DOM
5. 2026-06-14
   days on market $145,000 Active 81 DOM
6. 2026-06-13
   days on market $145,000 Active 80 DOM
7. 2026-06-10
   days on market $145,000 Active 78 DOM
8. 2026-06-09
   days on market $145,000 Active 77 DOM
9. 2026-06-08
   days on market $145,000 Active 76 DOM
10. 2026-06-07
    days on market $145,000 Active 75 DOM
11. 2026-06-03
    days on market $145,000 Active 71 DOM
12. 2026-06-02
    days on market $145,000 Active 70 DOM
13. 2026-06-01
    days on market $145,000 Active 69 DOM
14. 2026-05-31
    days on market $145,000 Active 68 DOM
15. 2026-05-30
    days on market $145,000 Active 67 DOM
16. 2026-05-11
    price $145,000
17. 2026-04-13
    price $169,000
18. 2026-03-24
    listed $170,500 Active
19. 2025-10-22
    soldstatus $250,000 Closed 122-char remark

    Show marketing remark (122 chars)

    BRING YOUR INVESTORS! Cash only House sold strictly as is. Seller makes no representation on the condition of the property

20. 2025-09-30
    status Pending 122-char remark

    Show marketing remark (122 chars)

    BRING YOUR INVESTORS! Cash only House sold strictly as is. Seller makes no representation on the condition of the property

21. 2025-09-30
    historical Active Under Contract 122-char remark

    Show marketing remark (122 chars)

    BRING YOUR INVESTORS! Cash only House sold strictly as is. Seller makes no representation on the condition of the property

22. 2025-08-14
    listed $250,000 Active 122-char remark

    Show marketing remark (122 chars)

    BRING YOUR INVESTORS! Cash only House sold strictly as is. Seller makes no representation on the condition of the property

23. 2025-07-21
    soldstatus $152,500
24. 2025-07-18
    soldstatus $152,500 Closed 827-char remark

    Show marketing remark (827 chars)

    Investor Special with Endless Potential! This 2-bedroom, 1-bath home is a prime opportunity for investors or builders. Whether you're planning a full renovation or a brand-new build, this property is ready for transformation. Architect plans are available for new construction, including the option to build a two-family home. Situated in a well-established Ewing neighborhood, it offers easy access to major highways, schools, shopping, and public transit. The lot features two driveways and a private entrance on the right side of the house, enhancing both value and accessibility. Whether you choose to restore the existing structure or start fresh, this is a rare chance to bring your vision to life in a promising location. With the right vision and some TLC, the possibilities are endless. Property is strictly sold as-is

25. 2025-06-30
    status Pending 827-char remark

    Show marketing remark (827 chars)

    Investor Special with Endless Potential! This 2-bedroom, 1-bath home is a prime opportunity for investors or builders. Whether you're planning a full renovation or a brand-new build, this property is ready for transformation. Architect plans are available for new construction, including the option to build a two-family home. Situated in a well-established Ewing neighborhood, it offers easy access to major highways, schools, shopping, and public transit. The lot features two driveways and a private entrance on the right side of the house, enhancing both value and accessibility. Whether you choose to restore the existing structure or start fresh, this is a rare chance to bring your vision to life in a promising location. With the right vision and some TLC, the possibilities are endless. Property is strictly sold as-is

26. 2025-06-26
    historical Active Under Contract 827-char remark

    Show marketing remark (827 chars)

    Investor Special with Endless Potential! This 2-bedroom, 1-bath home is a prime opportunity for investors or builders. Whether you're planning a full renovation or a brand-new build, this property is ready for transformation. Architect plans are available for new construction, including the option to build a two-family home. Situated in a well-established Ewing neighborhood, it offers easy access to major highways, schools, shopping, and public transit. The lot features two driveways and a private entrance on the right side of the house, enhancing both value and accessibility. Whether you choose to restore the existing structure or start fresh, this is a rare chance to bring your vision to life in a promising location. With the right vision and some TLC, the possibilities are endless. Property is strictly sold as-is

27. 2025-06-18
    listed $139,000 Active 827-char remark

    Show marketing remark (827 chars)

    Investor Special with Endless Potential! This 2-bedroom, 1-bath home is a prime opportunity for investors or builders. Whether you're planning a full renovation or a brand-new build, this property is ready for transformation. Architect plans are available for new construction, including the option to build a two-family home. Situated in a well-established Ewing neighborhood, it offers easy access to major highways, schools, shopping, and public transit. The lot features two driveways and a private entrance on the right side of the house, enhancing both value and accessibility. Whether you choose to restore the existing structure or start fresh, this is a rare chance to bring your vision to life in a promising location. With the right vision and some TLC, the possibilities are endless. Property is strictly sold as-is

28. 2024-09-11
    soldstatus $133,000
29. 2024-08-15
    soldstatus $133,000 Closed
30. 2024-07-01
    status Pending
31. 2024-06-27
    listed $99,900 Active
32. 2002-04-23
    soldstatus $45,000
33. 1996-10-23
    soldstatus $29,900

ⓘ 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: $4,245 · $354/mo
• Projected year-2 tax: $4,245 · $354/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,581
• − Mortgage interest: −$8,122
• − Property taxes: −$4,245
• − Insurance: −$725
• − Repairs & maintenance: −$2,047
• − Management: −$2,047
• − Depreciation: −$4,218
• Taxable income: $4,177
• Est. tax owed @ 24.0%: −$1,003
• After-tax cash flow: $5,111/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: Ewing Township School District
• NCES district ID: 3404920
• Math proficiency: 16% ▼ -17.00%
• Reading proficiency: 37% ▼ -4.00%
• Median HH income: $73,684
• Composite: 25.48/100
• National rank: #7443
• State rank: #358 of 472 in NJ

Livability — Ewing

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

Census & demographics

• County: Mercer County · 327,655 people
• City population: 22,816
• Metro: Trenton-Princeton, NJ
• Population (ZIP): 22,816
• Household income: $66,875
• Rent vs Own: 42.0% rent · 58.0% own
• Severe rent burden: 1185.0

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 381,395 people
• By 2030: 384,640 · +0.9%
• By 2040: 391,431 · +2.6%
• By 2050: 397,845 · +4.3%
• By 2075: 417,281 · +9.4%
• By 2100: 420,327 · +10.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Black 43% White 31% Hispanic / Latino 21% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Dominican 3%
• Common ancestry: Romanian 4% Hispanic 2% Iranian 1%
• Foreign-born: 24% · Canada, Guatemala, China
• Languages at home: 76% English-only · Spanish 17% Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · Mercer

• 2024 margin: Solid D (+33.9) · D 65.9% · R 32.0% · Other 2.1%
• 2008→2024 swing: -2.2pp toward R · 2008: 36.1pp · 2024: 33.9pp
• All cycles: 2024: D+33.9 2020: D+40.0 2016: D+36.2 2012: D+36.8 2008: D+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -286.00%
• Current HPI: 334.5143
• Rent YoY: ▲ 3.31%
• Metro: Trenton-Princeton, 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

+384.9% since first listed

18 events — show timeline

• 2026-05-11 Price Changed $145,000 BRIGHT MLS
• 2026-04-13 Price Changed $169,000 BRIGHT MLS
• 2026-03-24 Listed $170,500 BRIGHT MLS
• 2025-10-22 Sold (MLS) $250,000 BRIGHT MLS
• 2025-09-30 Pending — BRIGHT MLS
• 2025-09-30 Contingent — BRIGHT MLS
• 2025-08-14 Listed $250,000 BRIGHT MLS
• 2025-07-21 Sold (Public Records) $152,500 Public Records
• 2025-07-18 Sold (MLS) $152,500 BRIGHT MLS
• 2025-06-30 Pending — BRIGHT MLS
• 2025-06-26 Contingent — BRIGHT MLS
• 2025-06-18 Listed $139,000 BRIGHT MLS
• 2024-09-11 Sold (Public Records) $133,000 Public Records
• 2024-08-15 Sold (MLS) $133,000 BRIGHT MLS
• 2024-07-01 Pending — BRIGHT MLS
• 2024-06-27 Listed $99,900 BRIGHT MLS
• 2002-04-23 Sold (Public Records) $45,000 Public Records
• 1996-10-23 Sold (Public Records) $29,900 Public Records

Property tax history

+2.7%/yr

Latest (2025): $4,245 · +3.0% YoY. Source: county tax records.