1405 Farrell Ave #101 · Cherry Hill, NJ 08002

$110,212

2 bd · 1.5 ba · 812 sqft · Manufactured · 2 Days on market

Built 2026 1,550 ac lot

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Rent growth +3.2/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

UPDATED PRICE!! This cozy 1-bedroom, 1-bathroom mobile home offers a great opportunity for someone looking for a fixer-upper with lots of potential. The open space features a comfortable layout with an open living area, connected to a spacious eat-in kitchen with full-sized appliances. The custom finished bedroom offers a built-in Full-Size bed with built in closets for ample storage. The bonus room has been partially renovated as an office space ideal for remote work or hobbies. While the home needs some TLC, it has the potential to become a charming home with a little bit of work. Whether you're a first-time homebuyer, an investor, or someone looking for a fixer-upper, this property offers a solid foundation for your vision. Please note that the lot rent is $870/month which includes the property taxes, sewer, water, CCMUA, trash and recycling pickup. All buyers must have 3 times the lot rent in income to be approved for the park - $2610/month with a credit score of 650+ and NO Bankruptcies. This is a ONE Person Occupant only. Home is being sold furnished and Strictly AS IS! Call for more information.

Key facts

• Propane gas heat
• Central air
• Plush carpeting

Tags

• SS KITCHEN FARM HOUSE SINK
• PROPANE GAS HEAT
• CENTRAL AIR
• 1/2 BATH IN 2ND BEDROOM
• PLUSH CARPETING
• HANDSOME VINYL FLOORING

Property features AI

Finance

• Other: Unit has one floor; No basement; Finished above-grade area estimated at 812; Mobile home dimensions: 14 ft. x 58 ft.
• Financial info: Lease not considered
• HOA & community: Property manager present; Ground rent exists (annual payment; 99 years remaining)

Exterior

• Parking: On-street parking and parking lot available; Paved, unassigned parking (free)
• Utilities: Public water and public sewer; Electric available; Propane available (leased heating fuel); Cable TV available; Municipal trash service
• Home design: Manufactured single-wide home; One-story unit; Fee simple ownership; Excellent condition; Entry at ground level
• Construction: Built by Champion (estimated); Asphalt shingle roof; Vinyl siding; Pillar/post/pier foundation; Double-hung, double-pane, Low-E replacement vinyl-clad windows with screens
• Exterior features: Exterior lighting; Front yard and side yards; Shed on property

Interior

• Kitchen: Built-in range; Built-in microwave; Dishwasher; Stove; Refrigerator; Icemaker; Freezer; Stainless steel appliances
• Bedrooms: Two main-level bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating (propane - leased); Central air conditioning; 100 amp electrical service (120/240V)
• Interior features: Open floor plan with combination kitchen/dining and recessed lighting; Dining area and kitchen table space; Built-in shelving; Walk-in shower; Window treatments; Plaster and paneled walls
• Laundry & utility: Washer and dryer present; Washer/dryer hookups also available; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Cherry Hill School District (suburban): math 27% / reading 59% proficiency, ranked #181 of 472 in NJ (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.9%/yr); 99 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $762 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $10k; list at $110k implies a 1002% gain — meaningful room to come down on a strong offer.

Recommended offer $110,212

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
3. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
4. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
5. 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.
6. 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.
7. 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: 2.14% ✓
• Cap rate: 18.28%
• Cash-on-cash: 42.81%
• DSCR: 2.90
• GRM: 3.9

CMA / ARV

• ARV (on-the-fly): $46,284
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1405 Farrell Ave #106	0.00mi	1/1.0 (-1)	720 (-11%)	22mo	$41,000	$57	56

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 · 2.9% rent growth · sell at horizon

5-year hold

• IRR: 39.5%
• Equity multiple: 2.69×
• Total profit: $52,062
• Equity at exit: $16,433

10-year hold

• IRR: 45.8%
• Equity multiple: 5.37×
• Total profit: $134,803
• Equity at exit: $9,529

Cash invested: $30,859 (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 08002

• Rents YoY: 2.9%
• Active inventory: 99
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,358 high
• Mortgage (P&I): −$578
• Tax est. 1.5%: −$138 /mo · $1,653/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$495
• Net cashflow: $1,101

Break-even live

Break-even rent $964

Max offer price $110,212

Occupancy floor 48%

Sensitivity live

Price	-10% $1,177	-5% $1,139	+0% $1,101	+5% $1,063	+10% $1,025
Rent	-10% $915	-5% $1,008	+0% $1,101	+5% $1,194	+10% $1,287
Rate	-1.0pp $1,156	-0.5pp $1,129	base $1,101	+0.5pp $1,072	+1.0pp $1,043

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: $27,553
• Closing costs: $3,306
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
414 Park Place Dr Cherry Hill, NJ	1.0	1.0	768	$1,800	$2.34	44d	1	0.17mi
700 Meadowlands BLVD Cherry Hill Township, NJ	1.0	1.0	729	$1,184	$1.62	44d	1	0.42mi
3506 Del Mar Dr Cherry Hill Township, NJ	1.0	1.0	794	$2,968	$3.74	44d	1	0.49mi
1307 Churchill Downs Way Cherry Hill Township, NJ	1.0	1.0	919	$2,668	$2.90	44d	1	0.56mi
1 Park Lane Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1197	$4,712	$3.94	2d	26	0.61mi
114 E Cuthbert Blvd Haddon Township, NJ	2.0	1.0	900	$1,750	$1.94	44d	1	0.87mi
700 Citation Ln Cherry Hill, NJ	1.0–2.0	1.0–2.0	1513	$3,500	$2.31	2d	84	0.91mi
1980 Route 70 W Cherry Hill, NJ	1.0–3.0	1.0–2.0	1043	$2,668	$2.56	2d	8	1.09mi
116 Cherry Parke Cherry Hill, NJ	2.0	1.0	944	$1,850	$1.96	15d	1	1.18mi
116 Cherry Parke Unit C Cherry Hill, NJ	2.0	1.0	950	$1,950	$2.05	44d	1	1.18mi
210 W Crystal Lake Ave Haddonfield, NJ	1.0–2.0	1.0	780	$2,395	$3.07	3d	14	1.25mi
401 Cooper Landing Rd Cherry Hill, NJ	2.0	2.0	1030	$1,900	$1.84	44d	1	1.27mi
401 Cooper Landing Rd Cherry Hill, NJ	2.0	2.0	1030	$2,000	$1.94	19d	1	1.27mi
202 Park Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1075	$4,570	$4.25	2d	7	1.28mi
864 Haddon Ave Unit 2ND FLOOR Collingswood, NJ	2.0	1.0	1000	$2,400	$2.40	19d	1	1.38mi
2395 New Jersey Cherry Hill Township, NJ	3.0	1.0–3.0	1050	$3,389	$3.23	2d	15	1.38mi
13 Wilkins Ave Unit 2ND FL Haddonfield, NJ	1.0	1.0	700	$2,500	$3.57	25d	1	1.43mi
13 Wilkins Ave Unit 1ST FLOOR Haddonfield, NJ	2.0	1.5	885	$3,500	$3.95	22d	1	1.43mi
274 Kings Hwy E Haddonfield, NJ	2.0	1.0	869	$2,800	$3.22	22d	1	1.48mi

Listing history 3 events

1. 2026-06-18
   days on market $110,212 Active 2 DOM
2. 2026-06-17
   remarks 695-char remark
3. 2026-06-17
   listed $110,212 Active 1 DOM

ⓘ 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: $28,293
• − Mortgage interest: −$6,174
• − Property taxes: −$1,653
• − Insurance: −$551
• − Repairs & maintenance: −$2,263
• − Management: −$2,263
• − Depreciation: −$3,206
• Taxable income: $12,182
• Est. tax owed @ 24.0%: −$2,924
• After-tax cash flow: $10,288/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: Cherry Hill School District
• NCES district ID: 3403000
• Math proficiency: 27% ▼ -26.00%
• Reading proficiency: 59% ▼ -10.00%
• Median HH income: $90,394
• Composite: 40.71/100
• National rank: #3665
• State rank: #181 of 472 in NJ

Livability — Cherry Hill

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

Census & demographics

• Census place: Golden Triangle, NJ
• County: Camden County · 407,624 people
• City population: 76,725
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 24,015
• Household income: $100,951
• Rent vs Own: 32.0% rent · 68.0% own
• Severe rent burden: 430.0

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 0.56)
• Race & ethnicity: White 64% Hispanic / Latino 12% Asian 12% Black 8% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 7% Dominican 1%
• Common ancestry: Romanian 8% Scotch-Irish 2% Italian 2%
• Foreign-born: 18% · Vietnam, Canada, China
• Languages at home: 73% English-only · Spanish 8% Russian/Polish/Slavic 4% Vietnamese 4%

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: ▼ -201.30%
• Current HPI: 358.1597
• Rent YoY: ▲ 2.90%
• 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

+129.6% since first listed

5 events — show timeline

• 2026-06-16 Listed $110,212 BRIGHT MLS
• 2025-06-04 Sold (MLS) $10,000 BRIGHT MLS
• 2025-05-19 Price Changed $10,000 BRIGHT MLS
• 2025-03-03 Price Changed $33,000 BRIGHT MLS
• 2025-02-26 Listed $48,000 BRIGHT MLS