81 Lane Ave · Caldwell, NJ 07006-7420

$1,090,000

9 bd · 3.9 ba · 2,120 sqft · SingleFamily public records · 4 Days on market

Built 1950

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Why this score? — see what drove the F 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 +7.5/15.0
• Appreciation +5.0/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks

TRIPLEX!! Exceptional investment opportunity featuring a well-maintained legal triplex on an extra-large corner lot with two street entrances. Each unit has its own washing machine and dryer for tenant convenience and is separately metered for electricity, allowing tenants to pay their own energy bills. With large units, This property also boasts a 3 car garage with separated stalls, offering ample parking, storage, or extra rental income. The large parking lot can hold at least 6 cars. Situated on a large lot with plenty of outdoor space to enjoy, this triplex presents strong rental appeal and excellent long-term value for investors or owner-occupants alike. Fireplace and Garage as-is. No

Key facts

• Two street entrances
• 3 car garage
• Legal triplex

Tags

• LEGAL TRIPLEX
• EXTRA-LARGE CORNER LOT
• TWO STREET ENTRANCES
• OWN WASHING MACHINE AND DRYER
• 3 CAR GARAGE
• SEPARATED STALLS

Property features AI

Finance

• Financial info: 3 total units; Net operating income: 0; Gross operating income: 0; Total operating expenses: 0

Exterior

• Parking: Total of about 9 parking spaces; Detached garage with 3 garage spaces; Blacktop driveway and off-street parking; see remarks
• Utilities: Public water; Public sewer; Utilities: see remarks
• Home design: Three-story triplex; Approximate construction year
• Construction: Vinyl siding construction; Asphalt shingle roof; Approximate year built
• Exterior features: Vinyl siding; Corner lot

Interior

• Kitchen: Unit 1: Gas range/oven, refrigerator; Unit 2: Gas range/oven, refrigerator; Unit 3: Dishwasher, refrigerator, gas range/oven (if applicable listed as range in other units)
• Bedrooms: Unit 1: 2 bedrooms; Unit 2: 3 bedrooms; Unit 3: 3 bedrooms
• Bathrooms: 4 full bathrooms (total)
• Heating & cooling: Steam radiators with natural gas heating; Cooling: see remarks
• Interior features: Finished basement
• Laundry & utility: Unit 1: Dryer; Unit 2: Dryer; Unit 3: Dryer, stackable washer/dryer; Owner pays heat and water for each unit; tenants pay electric and gas

What this means for you Summary

Snapshot

• This is a 9-bed/3.9-bath single-family listed at $1.09M.

Deal economics

• At list price, monthly cash flow is $-6k ($-74k/yr) — negative.
• To cash-flow at today's rent, offer at most $158k (85.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (87.3% below list).
• Recommended offer: $138k (87.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#208 in NJ) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities D-, commute F, cost of living F.
• Caldwell-West Caldwell School District (suburban): math 37% / reading 56% proficiency, ranked #150 of 472 in NJ (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 5% free/reduced lunch — higher-income household profile.
• Market conditions: 1 active listings in the ZIP; 3,364 units permitted in Essex County in 2024 (2,551 in 5+ unit buildings).

Forward outlook

• In year one you build about $40k of equity ($8k loan paydown + $33k appreciation (3.0% local appreciation)).
• Essex County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$65k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $232k; list at $1.09M implies a 369% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $138,256 (87.3% 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 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.13% ✗
• Cap rate: -0.48%
• Cash-on-cash: -24.18%
• DSCR: -0.08
• GRM: 65.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.15×
• Total profit: $-260,513
• Equity at exit: $490,111

10-year hold

• IRR: -7.7%
• Equity multiple: -0.24×
• Total profit: $-378,550
• Equity at exit: $755,320

Cash invested: $305,200 (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 07006-7420

• Active inventory: 1
• Price-to-rent: 65.7×

Monthly cashflow live

• Estimated rent: $1,383 medium
• Mortgage (P&I): −$5,716
• Tax from tax record: −$1,071 /mo · $12,857/yr
• Insurance: −$454
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $-6,149

Break-even live

Break-even rent $9,167

Max offer price $158,046

Occupancy floor —

Sensitivity live

Price	-10% $-5,532	-5% $-5,841	+0% $-6,149	+5% $-6,458	+10% $-6,766
Rent	-10% $-6,259	-5% $-6,204	+0% $-6,149	+5% $-6,095	+10% $-6,040
Rate	-1.0pp $-5,601	-0.5pp $-5,872	base $-6,149	+0.5pp $-6,432	+1.0pp $-6,719

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: $272,500
• Closing costs: $32,700
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-18
   days on market $1,090,000 Active 4 DOM
2. 2026-06-17
   days on market $1,090,000 Active 3 DOM
3. 2026-06-16
   days on market $1,090,000 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   listed $1,090,000 Active 1 DOM

ⓘ 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: $12,857 · $1,071/mo
• Projected year-2 tax: $19,999 · $1,667/mo
• Expected delta: +$7,142/yr (+$595/mo · 55.5%)

ⓘ 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 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,591
• − Mortgage interest: −$61,057
• − Property taxes: −$12,857
• − Insurance: −$5,450
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$31,709
• Taxable loss: −$97,137
• Est. tax savings @ 24.0%: +$23,313
• After-tax cash flow: $-50,480/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: Caldwell-West Caldwell School District
• NCES district ID: 3402580
• Math proficiency: 37% ▼ -15.00%
• Reading proficiency: 56% ▼ -14.00%
• Median HH income: $88,269
• Composite: 43.47/100
• National rank: #3002
• State rank: #150 of 472 in NJ

Livability — Caldwell

• Score: 72/100
• State rank: #208
• US rank: #5849

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+289.3% since first listed

3 events — show timeline

• 2026-06-14 Listed $1,090,000 GSMLS
• 1995-03-22 Sold (Public Records) $232,500 Public Records
• 1988-07-26 Sold (Public Records) $280,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $12,857 · +0.5% YoY. Source: county tax records.