812 Colby Ave · Philadelphia, PA 08075

$279,900

3 bd · 1.5 ba · 1,516 sqft · SingleFamily public records · 10 Days on market

Built 1958 $185/sqft · 28% below area Est $389k · 28% under

---

Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +9.4/30.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

812 Colby Ave in Delran offers a great opportunity for investors or buyers looking to add their personal touch. This split-level home features 3 bedrooms and 1.5 baths with a classic brick front and vinyl siding exterior. Inside, you’ll find hardwood floors and a functional layout with plenty of potential. The property also includes a screened-in porch, fenced backyard, and storage shed, providing additional outdoor living and storage space. Conveniently located near shopping, dining, and major roadways. Property is being sold strictly as-is. Buyer responsible for any inspections, certifications, and township requirements. Great investment opportunity with solid potential!

Key facts

• 2 parking spots
• Built 1958
• Listed 10 days

Property features AI

Finance

• HOA & community: Ground rent paid annually

Exterior

• Parking: Concrete driveway with 2 spaces; Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas heating and hot water
• Home design: Detached single-family home; Pitched shingle roof; Crawl space foundation; Ownership: Fee simple; Year built: estimated
• Construction: Frame construction; Replacement windows
• Exterior features: Exterior lighting; Sidewalks; Street lights; Front, side and rear yard; Wood fencing, fully fenced; Patio(s); Screened porch; Porches with brick; Shed

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas range/oven; Refrigerator
• Bedrooms: Three bedrooms on the upper level
• Flooring: Hardwood floors
• Bathrooms: One full bathroom (upper level); One half bathroom (lower level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans; Natural gas hot water
• Interior features: Attic; Tub with shower; Ceiling fans; Combination dining and living area; Wood floors; Drywall walls and ceilings
• Laundry & utility: Washer and dryer; Laundry on lower floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-197 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (12.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (9.8% below list).
• Recommended offer: $245k (12.5% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 3.5% in Philadelphia — 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 77/100 on livability (#348 in PA, #3,054 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-, crime F.
• Delran Township School District (suburban): math 22% / reading 49% proficiency, ranked #251 of 472 in NJ (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Millbridge Elementary School (653 students, 26% FRL); Delran Middle School (math 25% / reading 53%, grade F, #207 of 431 statewide, top 48%, 710 students, 24% FRL); Delran High School (math 23% / reading 57%, grade F, #187 of 399 statewide, top 48%, 912 students, 21% FRL).
• Market conditions: 7 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,161 units permitted in Burlington County in 2024 (988 in 5+ unit buildings).
• This rent runs 32% of the median local income ($94k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Burlington County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 36% 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 $245,023 (12.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1958 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.90% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.02%
• DSCR: 0.87
• GRM: 9.2

CMA / ARV

• ARV (median comp): $389,279
• List price: $279,900
• Delta: -28.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
812 Colby Ave	0.00mi	3/1.5	1,516 (0%)	1mo	$289,000	$191	100
830 Drexel Ave	0.16mi	3/2.0	1,516 (0%)	2mo	$429,000	$283	89
811 Fordham St	0.17mi	3/1.5	1,516 (0%)	7mo	$367,500	$242	87
740 Baylor Ave	0.15mi	3/1.5	1,516 (0%)	8mo	$390,000	$257	86
809 Colby Ave	0.05mi	3/1.5	1,556 (+3%)	9mo	$386,500	$248	86
328 Ithaca Ave	0.45mi	3/2.0	1,516 (0%)	8mo	$399,900	$264	71
517 8th St	0.34mi	3/1.5	1,612 (+6%)	10mo	$390,000	$242	65
602 Rancocas Ave	0.34mi	3/2.0	1,398 (-8%)	10mo	$373,000	$267	61
804 S Fairview St S	0.68mi	3/1.5	1,592 (+5%)	2mo	$375,000	$236	59
412 Lippincott Ave	0.51mi	3/1.5	1,365 (-10%)	2mo	$340,000	$249	58
404 Greenwood Ave	0.49mi	4/1.5 (+1)	1,316 (-13%)	5mo	$360,000	$274	46
315 Rancocas Ave	0.61mi	4/2.0 (+1)	1,315 (-13%)	2mo	$290,000	$221	40

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: -21.2%
• Equity multiple: 0.26×
• Total profit: $-57,734
• Equity at exit: $41,734

10-year hold

• IRR: -14.6%
• Equity multiple: 0.16×
• Total profit: $-65,666
• Equity at exit: $24,201

Cash invested: $78,372 (down + closing). Projections, not guarantees.

Monthly cashflow live

• Estimated rent: $2,525 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$608 /mo · $7,293/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$530
• Net cashflow: $-197

Break-even live

Break-even rent $2,775

Max offer price $245,023

Occupancy floor —

Sensitivity live

Price	-10% $-39	-5% $-118	+0% $-197	+5% $-277	+10% $-356
Rent	-10% $-397	-5% $-297	+0% $-197	+5% $-98	+10% $2
Rate	-1.0pp $-56	-0.5pp $-126	base $-197	+0.5pp $-270	+1.0pp $-344

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1901 Underwood Blvd Delran, NJ	1.0–2.0	1.0–2.0	942	$2,450	$2.60	0d	1	0.44mi
3001 Route 130 Delran, NJ	1.0–2.0	1.0–2.5	1152	$2,400	$2.08	6d	1	0.60mi
136 Webster St Riverside, NJ	4.0	1.0	1280	$2,700	$2.11	21d	1	1.04mi
424 Kossuth St Riverside, NJ	3.0	1.0	1175	$2,250	$1.91	45d	1	1.13mi
319 Taylor St Riverside, NJ	3.0	1.0	1722	$2,600	$1.51	12d	1	1.20mi
13 Polk St Riverside, NJ	2.0	2.0	1080	$2,000	$1.85	23d	1	1.28mi
2211 New Albany Rd Cinnaminson, NJ	4.0	2.5	2130	$3,600	$1.69	5d	1	1.48mi

Listing history 4 events

1. 2026-05-18
   listed $279,900 Active 687-char remark
2. 2026-05-15
   historical $279,900 687-char remark
3. 1993-06-12
   soldstatus $117,000
4. 1983-02-01
   soldstatus $56,000

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

Tax reassessment forecast PA · Partial reset (capped growth)

• Current annual tax: $7,293 · $608/mo
• Projected year-2 tax: $7,293 · $608/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 36% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,300
• − Mortgage interest: −$15,679
• − Property taxes: −$7,293
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,424
• − Management: −$2,424
• − Depreciation: −$8,143
• Taxable loss: −$7,062
• Est. tax savings @ 24.0%: +$1,695
• After-tax cash flow: $-674/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: Delran Township School District
• NCES district ID: 3403780
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 49% ▼ -2.00%
• Median HH income: $83,417
• Composite: 33.85/100
• National rank: #5354
• State rank: #251 of 472 in NJ

Livability — Philadelphia

• Score: 77/100
• State rank: #348
• US rank: #3054

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Burlington County
• City population: 1,559,001
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 30,615
• Household income: $94,407
• Rent vs Own: 30.2% rent · 69.8% own
• Severe rent burden: 1103.0

Population outlook (Burlington County) Hauer SSP2

• Today (2025): 453,425 people
• By 2030: 452,359 · -0.2%
• By 2040: 445,033 · -1.9%
• By 2050: 431,760 · -4.8%
• By 2075: 406,277 · -10.4%
• By 2100: 364,732 · -19.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 10% Hispanic / Latino 9% Two or more races 9% Asian 3%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 8% Estonian 3% Russian 2%
• Foreign-born: 13% · Canada, China
• Languages at home: 82% English-only · Other Indo-European 8% Spanish 6% Other Asian/Pacific 2%

Political lean MEDSL · Burlington

• 2024 margin: D (+16.6) · D 57.6% · R 41.0% · Other 1.3%
• 2008→2024 swing: -2.0pp toward R · 2008: 18.6pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+19.5 2016: D+14.8 2012: D+18.7 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -396.76%
• Current HPI: 281.8091
• Rent YoY: —
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: ▲ 1.68%
• F500 in state: 34

Industry mix (Fortune 500 HQ in PA)

Industry	F500 HQs	Revenue
▸Healthcare	2	$309B
▸Insurance	2	$27B
▸Telecommunications / Media	1	$124B
▸Industrial Distribution	1	$22B
▸Financial Services	1	$20B
▸Chemicals / Materials	1	$18B

Price history

+416.1% since first listed

6 events — show timeline

• 2026-06-04 Sold (MLS) $289,000 BRIGHT MLS
• 2026-05-27 Pending — BRIGHT MLS
• 2026-05-18 Listed $279,900 BRIGHT MLS
• 2026-05-15 Coming Soon $279,900 BRIGHT MLS
• 1993-06-12 Sold (Public Records) $117,000 Public Records
• 1983-02-01 Sold (Public Records) $56,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $7,293 · +0.7% YoY. Source: county tax records.