4111 Delsea Dr #3 · Vineland, NJ 08344

$29,000

1 bd · 1.0 ba · 600 sqft · SingleFamily · 225 Days on market

Built 1968 Est $34k · 15% under ↓ 28% since listing

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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 +30.0/30.0
• ARV discount +14.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.6/10.0

Listing remarks MLS

MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

Key facts

• Functional kitchen
• Open floor plan
• Single-level living

Tags

• OPEN FLOOR PLAN
• LARGE BAY WINDOW
• FUNCTIONAL KITCHEN
• GENEROUS CLOSET SPACE
• SINGLE-LEVEL LIVING
• QUIET COMMUNITY

Property features AI

Finance

• Other: Pets allowed on a case-by-case basis with size/weight and breed restrictions; Not in a federal flood zone
• Financial info: Ownership interest: Land lease; Improvement assessed value listed (estimate)
• HOA & community: Ground lease: $825 per month; Ground rent exists; Ground lease years remaining: 99

Exterior

• Parking: Two general common-area paved parking spaces in lot
• Utilities: Public water; On-site septic; Electric hot water; Cable internet available
• Home design: Manufactured home; Single-wide; Shingle roof; Bay/bow windows; Good condition
• Construction: Combination construction materials; Above-grade and below-grade structures present
• Exterior features: Paved parking; Two parking lot spaces; Park setting (Willow Grove Mobile Home Park); Property manager on site; Ground rent applies

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: One bedroom on the main level
• Flooring: Laminate plank flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; Ductless mini-split cooling
• Interior features: Tub/shower combination; Built-in storage; Open kitchen/living layout; Double insulated entry doors; 9'+ and vaulted ceilings

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $29k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.
• Cap rate 31.6% vs local median 4.5% in Vineland — 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 66/100 on livability (#363 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: employment D+, schools D, crime F.
• Vineland Public School District (urban): math 9% / reading 34% proficiency, ranked #418 of 472 in NJ (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 28 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $200 of loan paydown is wiped out by about $870 of value loss. Plan a longer hold.
• Cumberland County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 225 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $12k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $25,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 225 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 3.54% ✓
• Cap rate: 31.58%
• Cash-on-cash: 90.30%
• DSCR: 5.02
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $34,200
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4111 Delsea Dr #3	0.00mi	1/1.0	600 (0%)	0mo	$13,500	$23	100
4111 N Delsea Dr #4	0.00mi	2/1.0 (+1)	614 (+2%)	9mo	$35,000	$57	84

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: 91.0%
• Equity multiple: 5.22×
• Total profit: $34,232
• Equity at exit: $4,324

10-year hold

• IRR: 93.9%
• Equity multiple: 10.85×
• Total profit: $79,983
• Equity at exit: $2,507

Cash invested: $8,120 (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 08344

• Home prices YoY: -3.0%
• Active inventory: 28
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,027 medium
• Mortgage (P&I): −$152
• Tax est. 1.5%: −$36 /mo · $435/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $611

Break-even live

Break-even rent $254

Max offer price $29,000

Occupancy floor 36%

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-01
   status $29,000 Pending 225 DOM
2. 2026-05-31
   days on market $29,000 Active 225 DOM
3. 2026-05-30
   days on market $29,000 Active 224 DOM
4. 2026-05-19
   price $29,000
5. 2026-04-27
   price $34,900
6. 2026-03-01
   price $39,900
7. 2025-10-18
   listed $41,000 Active
8. 2023-01-20
   soldstatus $35,000 Closed 656-char remark

   Show marketing remark (656 chars)

   MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

9. 2022-12-23
   status Pending 656-char remark

   Show marketing remark (656 chars)

   MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

10. 2022-11-29
    price $35,000 656-char remark

    Show marketing remark (656 chars)

    MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

11. 2022-10-04
    listed $40,000 Active 656-char remark

    Show marketing remark (656 chars)

    MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

12. 2022-09-13
    historical $40,000 656-char remark

    Show marketing remark (656 chars)

    MOVE IN READY! Make your appointment today to view this NEWLY OWNED & OPERATED mobile home community located in Newfield. This charming freshly painted wonderful one-bedroom, one full bathroom single wide mobile home has been fitted with all new kitchen appliances, new flooring, new fixtures, ceiling fans, doors, blinds and a splendid bay window. Some of the MAJOR park upgrades including paved streets, landscaping, electrical and gas lines! Some pets are permitted on a case-by-case basis, per association. Lot rent is $600/month. Virtual Tour is of a different completed model to preview style and layout . (multiple units available for sale)

ⓘ 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: $12,326
• − Mortgage interest: −$1,624
• − Property taxes: −$435
• − Insurance: −$145
• − Repairs & maintenance: −$986
• − Management: −$986
• − Depreciation: −$844
• Taxable income: $7,305
• Est. tax owed @ 24.0%: −$1,753
• After-tax cash flow: $5,579/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: Vineland Public School District
• NCES district ID: 3416800
• Math proficiency: 9% ▼ -17.00%
• Reading proficiency: 34% ▬ 0.00%
• Median HH income: $51,168
• Composite: 19.17/100
• National rank: #8819
• State rank: #418 of 472 in NJ

Livability — Vineland

• Score: 66/100
• State rank: #363
• US rank: #12180

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vineland, NJ
• City population: 45,038
• Population (ZIP): 5,296

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 22% Black 7% Two or more races 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 10% Cuban 4% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Subsaharan African 1%
• Foreign-born: 2% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -8.89%
• Current HPI: 288.38
• 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

-27.5% since first listed

9 events — show timeline

• 2026-05-19 Price Changed $29,000 BRIGHT MLS
• 2026-04-27 Price Changed $34,900 BRIGHT MLS
• 2026-03-01 Price Changed $39,900 BRIGHT MLS
• 2025-10-18 Listed $41,000 BRIGHT MLS
• 2023-01-20 Sold (MLS) $35,000 BRIGHT MLS
• 2022-12-23 Pending — BRIGHT MLS
• 2022-11-29 Price Changed $35,000 BRIGHT MLS
• 2022-10-04 Listed $40,000 BRIGHT MLS
• 2022-09-13 Coming Soon $40,000 BRIGHT MLS