57 Dover Dr · Lindenwold, NJ 08021

$125,000

2 bd · 1.5 ba · 1,267 sqft · Townhouse · 7 Days on market

Built 1973 Poor condition Est $160k · 22% under $623/mo HOA · 29% of rent

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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 +23.7/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +7.6/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Schools +1.3/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Key facts

• $623 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Property manager present; Not in a federal flood zone
• HOA & community: Monthly HOA/condo fee of $623; HOA covers ground fee, common area maintenance, exterior building maintenance, lawn maintenance, management, pool(s), trash, and road maintenance

Exterior

• Parking: Assigned parking in a parking lot (1 assigned space)
• Utilities: Public water; Public sewer; Electric heating fuel; Natural gas for cooling fuel and hot water
• Home design: Condominium ownership; Interior townhouse/rowhouse; Pitched shingle roof; Entry levels include main and upper levels
• Construction: Frame construction; Slab foundation; Built year source: Assessor
• Exterior features: Community pool; Common grounds; Tennis courts; Outdoor pool

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 2 bedrooms on the upper level
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom on the upper level; 1 half bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning; Hot water heated by natural gas
• Interior features: Ceiling fans; Combination dining and living area; Dining area; Kitchen eat-in

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $125k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 8.6% vs local median 5.3% in Lindenwold — 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 68/100 on livability (#312 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A, cost of living B; Watch: employment C-, crime D, schools F.
• Lindenwold Public School District (suburban): math 4% / reading 25% proficiency, ranked #461 of 472 in NJ (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 237 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).
• This rent runs 38% of the median local income ($68k/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 $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Camden County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: major wind risk, 56% 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 $125,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 1.75% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.13%
• DSCR: 1.36
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $159,642
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
49 Dover Dr	0.02mi	2/1.5	1,267 (0%)	2mo	$120,000	$95	98
29 Chiswick Dr	0.06mi	2/1.5	1,267 (0%)	1mo	$97,500	$77	96
30 Chiswick Dr	0.08mi	2/1.5	1,267 (0%)	2mo	$128,750	$102	94
33 Georgetown Rd	0.15mi	2/1.5	1,267 (0%)	2mo	$145,000	$114	92
5106 Tall Pnes	0.25mi	3/2.5 (+1)	1,280 (+1%)	1mo	$270,000	$211	77
10 Glenwood Dr	0.11mi	3/2.5 (+1)	1,368 (+8%)	1mo	$187,000	$137	72
15 Dover Dr	0.07mi	2/2.0	1,110 (-12%)	3mo	$130,000	$117	72
51 Chiswick Dr	0.05mi	3/1.5 (+1)	1,110 (-12%)	1mo	$140,000	$126	71
3001 Tall Pnes	0.38mi	3/2.5 (+1)	1,280 (+1%)	2mo	$260,000	$203	69
2702 Kenwood Dr	0.35mi	3/1.5 (+1)	1,200 (-5%)	2mo	$255,000	$213	68
309 La Cascata Tnhs	0.64mi	3/1.5 (+1)	1,264 (-0%)	1mo	$255,000	$202	64
610 Timber Creek Rd	0.42mi	3/2.0 (+1)	1,337 (+6%)	3mo	$165,000	$123	62

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 · 3.02% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.87×
• Total profit: $-4,700
• Equity at exit: $18,638

10-year hold

• IRR: 6.5%
• Equity multiple: 1.49×
• Total profit: $17,214
• Equity at exit: $10,808

Cash invested: $35,000 (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 08021

• Home prices YoY: -31.6%
• Rents YoY: 3.0%
• Active inventory: 237
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $2,182 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$623
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $237

Break-even live

Break-even rent $1,882

Max offer price $125,000

Occupancy floor 84%

Sensitivity live

Price	-10% $323	-5% $280	+0% $237	+5% $194	+10% $151
Rent	-10% $65	-5% $151	+0% $237	+5% $323	+10% $409
Rate	-1.0pp $300	-0.5pp $269	base $237	+0.5pp $205	+1.0pp $172

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
51 Chiswick Dr Unit 1 Lindenwold, NJ	3.0	2.0	1110	$2,650	$2.39	2d	1	0.11mi
9 Georgetown Rd Lindenwold, NJ	3.0	2.5	1268	$2,600	$2.05	2d	1	0.12mi
500 Chews Landing Rd Lindenwold, NJ	1.0–2.0	1.0	875	$1,750	$2.00	25d	1	0.28mi
105 Blackwood Clementon Rd Lindenwold, NJ	1.0–2.0	1.0	800	$1,600	$2.00	17d	1	0.40mi
1600 Laurel Rd Lindenwold, NJ	1.0–2.0	1.0–1.5	900	$1,600	$1.78	25d	1	0.50mi
1800 Laurel Rd Lindenwold, NJ	1.0–2.0	1.0–2.0	885	$2,072	$2.34	2d	22	0.56mi
359 Lake Blvd Lindenwold, NJ	3.0	2.0	1196	$2,900	$2.42	2d	1	0.67mi
1801 Broadacres Dr Clementon, NJ	2.0	1.0–2.0	910	$2,032	$2.23	2d	8	0.98mi
1109 Huntingdon Mews Clementon, NJ	2.0	2.0	946	$1,750	$1.85	15d	1	0.99mi
34 Heron Pl Clementon, NJ	3.0	1.5	1847	$2,500	$1.35	2d	1	1.01mi
320 W Branch Ave Pine Hill, NJ	1.0–2.0	1.0	882	$1,700	$1.93	25d	1	1.23mi
1341 Blackwood Clementon Rd Clementon, NJ	1.0–2.0	1.0	925	$2,564	$2.77	2d	26	1.30mi
215 S Atlantic Ave E Stratford, NJ	3.0	1.0	1460	$2,445	$1.67	11d	1	1.40mi
506 S White Horse Pike Unit F104 Stratford, NJ	2.0	1.0	930	$1,410	$1.52	21d	1	1.41mi
506 S White Horse Pike Unit F104 Stratford, NJ	2.0	1.0	930	$1,300	$1.40	3d	1	1.41mi
506 S White Horse Pike Unit E201 Stratford, NJ	2.0	1.0	1100	$1,500	$1.36	3d	1	1.44mi
506 S White Horse Pike Unit A107 Stratford, NJ	2.0	1.0	1015	$1,475	$1.45	11d	9	1.45mi
506 S White Horse Pike Unit C005 Stratford, NJ	2.0	1.0	930	$1,620	$1.74	21d	1	1.45mi
506 S White Horse Pike Stratford, NJ	2.0	1.0	930	$1,500	$1.61	22d	1	1.45mi
98 Oak St Clementon, NJ	1.0–2.0	1.0–2.0	1027	$2,040	$1.99	2d	44	1.49mi

HOA detail

• Monthly dues: $623 · $7,476/yr

Listing history 8 events

1. 2026-06-18
   status $125,000 Pending 7 DOM
2. 2026-06-17
   days on market $125,000 Active 7 DOM
3. 2026-06-16
   days on market $125,000 Active 6 DOM
4. 2026-06-15
   days on market $125,000 Active 5 DOM
5. 2026-06-13
   days on market $125,000 Active 3 DOM
6. 2026-06-13
   statusdays on market $125,000 Active 2 DOM
7. 2026-05-17
   listed Active Under Contract
8. 2026-05-15
   historical $125,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,185
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$2,095
• − Management: −$2,095
• − HOA: −$7,476
• − Depreciation: −$3,636
• Taxable income: $1,381
• Est. tax owed @ 24.0%: −$332
• After-tax cash flow: $2,513/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 · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive renovation and repair to bring it up to market standards. Significant updates to the kitchen, bathrooms, exterior, flooring, and landscaping are essential to increase its resale and rental value.

Repairs flagged

• Major Kitchen renovation — No kitchen visible
• Major Bathroom renovation — No bathrooms visible
• Major Exterior renovation — No exterior visible
• Major Flooring replacement — No flooring visible
• Major Interior wall and paint repair — No interior walls/paint visible
• Major Window replacement — No windows visible
• Major HVAC/mechanical repair — No HVAC/mechanicals visible
• Major Foundation/structure repair — No foundation/structure visible
• Major Landscaping and curb appeal — No landscaping/curb appeal visible

Value-add opportunities

• Both Kitchen renovation — A modern kitchen can significantly increase both resale and rental value.
• Both Bathroom renovation — A modern bathroom is crucial for both resale and rental appeal.
• Both Exterior renovation — A well-maintained exterior enhances curb appeal and property value.
• Both Flooring replacement — New flooring improves the overall look and feel of the home.
• Both Interior wall and paint repair — Fresh paint and updated walls can make a significant impact on the home's appearance.
• Both Window replacement — New windows improve energy efficiency and curb appeal.
• Both HVAC/mechanical repair — A functional HVAC system is essential for both comfort and energy efficiency.
• Both Foundation/structure repair — A stable foundation ensures the home's structural integrity and safety.
• Both Landscaping and curb appeal — A well-maintained yard and landscaping can significantly enhance the home's curb appeal and value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen renovation · No kitchen visible	Major	$15,000–50,000
Bathroom renovation · No bathrooms visible	Major	$15,000–50,000
Exterior renovation · No exterior visible	Major	$15,000–50,000
Flooring replacement · No flooring visible	Major	$15,000–50,000
Interior wall and paint repair · No interior walls/paint visible	Major	$15,000–50,000
Window replacement · No windows visible	Major	$15,000–50,000
HVAC/mechanical repair · No HVAC/mechanicals visible	Major	$15,000–50,000
Foundation/structure repair · No foundation/structure visible	Major	$15,000–50,000
Landscaping and curb appeal · No landscaping/curb appeal visible	Major	$15,000–50,000
Total estimated repair cost · 9 items		$135,000–450,000

Value-add ROI direction

• Both Kitchen renovation — A modern kitchen can significantly increase both resale and rental value. ↑
• Both Bathroom renovation — A modern bathroom is crucial for both resale and rental appeal. ↑
• Both Exterior renovation — A well-maintained exterior enhances curb appeal and property value. ↑
• Both Flooring replacement — New flooring improves the overall look and feel of the home. ↑
• Both Interior wall and paint repair — Fresh paint and updated walls can make a significant impact on the home's appearance. ↑
• Both Window replacement — New windows improve energy efficiency and curb appeal. ↑
• Both HVAC/mechanical repair — A functional HVAC system is essential for both comfort and energy efficiency. ↑
• Both Foundation/structure repair — A stable foundation ensures the home's structural integrity and safety. ↑
• Both Landscaping and curb appeal — A well-maintained yard and landscaping can significantly enhance the home's curb appeal and value. ↑

ⓘ 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: Lindenwold Public School District
• NCES district ID: 3408640
• Math proficiency: 4% ▼ -8.00%
• Reading proficiency: 25% ▲ 6.00%
• Median HH income: $42,390
• Composite: 12.54/100
• National rank: #9622
• State rank: #461 of 472 in NJ

Livability — Lindenwold

• Score: 68/100
• State rank: #312
• US rank: #9603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lindenwold, NJ
• County: Camden County · 407,624 people
• City population: 49,305
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 49,305
• Household income: $68,044
• Rent vs Own: 53.3% rent · 46.7% own
• Severe rent burden: 3050.0

Population outlook (Camden County) Hauer SSP2

• Today (2025): 507,964 people
• By 2030: 502,182 · -1.1%
• By 2040: 485,602 · -4.4%
• By 2050: 465,630 · -8.3%
• By 2075: 419,986 · -17.3%
• By 2100: 369,492 · -27.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 44% Black 27% Hispanic / Latino 20% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 81% English-only · Spanish 14% Chinese 1% Tagalog/Filipino 1%

Political lean MEDSL · Camden

• 2024 margin: Strong D (+27.4) · D 63.0% · R 35.5% · Other 1.5%
• 2008→2024 swing: -8.8pp toward R · 2008: 36.2pp · 2024: 27.4pp
• All cycles: 2024: D+27.4 2020: D+33.5 2016: D+32.4 2012: D+36.6 2008: D+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.73%
• Current HPI: 338.8351
• Rent YoY: ▲ 3.02%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

2 events — show timeline

• 2026-05-17 Listed — BRIGHT MLS
• 2026-05-15 Coming Soon $125,000 BRIGHT MLS