443 Home Ave · Trenton, NJ 08611

$240,995

3 bd · 1.0 ba · 1,104 sqft · Townhouse public records · 55 Days on market

Built 1927 1,390 sqft lot Est $200k · 21% over

---

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).

• Cash flow +15.8/30.0
• DSCR +4.9/10.0
• 1% rule +4.0/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very well maintained home in desirable Chestnut Park. Extended kitchen gives ample preparation space, plus a dining area. Put your BBQ on the back deck, overlooking the enclosed grass yard. Relax out on the front porch and enjoy the fine sunny days. Narrow plank floors throughout. Hot Air Heat! Good sized bedrooms and closets. Go for it.

Key facts

• Built 1927
• Listed 55 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: 100 Amp electric service; Natural gas; Public water; Public sewer; Cable TV available
• Home design: Interior townhouse/rowhouse; Pitched shingle roof; Fee simple ownership
• Construction: Frame construction; Brick/mortar foundation; Building not winterized; Built (year per assessor)
• Exterior features: Deck(s); Porch(es)

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Three bedrooms on the upper level
• Flooring: Wood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Eat-in kitchen; Full, unfinished basement
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $241k.

Deal economics

• At list price, monthly cash flow is $110 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (9.9% below list).
• Recommended offer: $217k (9.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#133 in NJ, #3,533 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, employment F.
• Trenton Public School District (urban): math 2% / reading 16% proficiency, ranked #471 of 472 in NJ (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Columbus Elementary School (math 2% / reading 17%, grade F, #1,235 of 1,303 statewide, top 96%, 296 students, 74% FRL); Dunn Middle School (math 2% / reading 19%, grade F, #424 of 431 statewide, top 98%, 670 students, 60% FRL); Trenton Central High School - Main Campus (math 2% / reading 10%, grade F, #396 of 399 statewide, top 99%, 2,255 students, 56% FRL) — zoned schools average 63% FRL vs 80% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.7%/yr); 84 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,256 units permitted in Mercer County in 2024 (1,303 in 5+ unit buildings).
• At $2,172/mo this rent would consume 46% of the median local household income ($57k/yr) (locally 2147% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Mercer County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago 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 $108k; list at $241k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — 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 $217,194 (9.9% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — 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 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?
5. 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?
6. 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?
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: 0.90% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.95%
• DSCR: 1.09
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $199,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
632 Lalor St	0.13mi	3/1.0	1,120 (+1%)	2mo	$215,000	$192	89
987 Smith Ave	0.26mi	3/2.0	1,106 (+0%)	5mo	$240,000	$217	79
35 Jersey St	0.30mi	4/1.0 (+1)	1,131 (+2%)	0mo	$210,000	$186	77
345 Genesee St	0.43mi	3/1.0	1,080 (-2%)	1mo	$110,000	$102	75
859 Centre St	0.55mi	3/1.0	1,100 (-0%)	2mo	$261,000	$237	72
1210 Chestnut Ave	0.40mi	3/1.0	1,047 (-5%)	1mo	$170,000	$162	72
108 Fitz Randolph	0.38mi	3/1.5	1,218 (+10%)	3mo	$215,000	$177	61
1447 S Clinton Ave	0.47mi	3/1.0	1,200 (+9%)	5mo	$201,000	$168	59
57 New Cedar Ln	0.75mi	3/1.0	1,120 (+1%)	5mo	$141,000	$126	59
327 Woodland St	0.56mi	3/1.0	1,007 (-9%)	3mo	$182,000	$181	57
203 3rd St	0.51mi	3/1.0	1,248 (+13%)	1mo	$195,000	$156	54
224 Gibbs Ave	0.58mi	3/1.0	976 (-12%)	3mo	$193,250	$198	51

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 · 4.71% rent growth · sell at horizon

5-year hold

• IRR: -11.4%
• Equity multiple: 0.58×
• Total profit: $-28,272
• Equity at exit: $35,933

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $507
• Equity at exit: $20,837

Cash invested: $67,479 (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 08611

• Rents YoY: 4.7%
• Active inventory: 84
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$1,264
• Tax from tax record: −$242 /mo · $2,904/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $110

Break-even live

Break-even rent $2,033

Max offer price $240,995

Occupancy floor 90%

Sensitivity live

Price	-10% $246	-5% $178	+0% $110	+5% $41	+10% $-27
Rent	-10% $-62	-5% $24	+0% $110	+5% $195	+10% $281
Rate	-1.0pp $231	-0.5pp $171	base $110	+0.5pp $47	+1.0pp $-16

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: $60,249
• Closing costs: $7,230
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
244 Jersey St Trenton, NJ	3.0	1.5	1368	$2,300	$1.68	15d	1	0.13mi
313 Home Ave Trenton, NJ	3.0	1.0	1112	$2,100	$1.89	15d	1	0.14mi
233 Virginia Ave Trenton, NJ	3.0	1.0	1302	$2,500	$1.92	14d	1	0.23mi
225 Home Ave Trenton, NJ	2.0	1.0	800	$1,750	$2.19	23d	1	0.24mi
1103 Division St Trenton, NJ	4.0	1.0	1296	$2,000	$1.54	23d	1	0.36mi
837 Genesee St Trenton, NJ	2.0	1.0	850	$1,700	$2.00	23d	1	0.43mi
1049 Genesee St Trenton, NJ	3.0	1.0	1270	$2,300	$1.81	23d	1	0.53mi
203 Genesee St Unit 2 Trenton, NJ	2.0	1.0	1452	$1,700	$1.17	23d	1	0.53mi
705 Anderson St Trenton, NJ	3.0	1.0	1132	$1,800	$1.59	15d	1	0.57mi
547 Centre St Trenton, NJ	3.0	1.0	1060	$1,850	$1.75	23d	1	0.58mi
1132 Genesee St Unit 1132 Trenton, NJ	3.0	1.0	1198	$2,500	$2.09	23d	1	0.59mi
1078 Lalor St Unit 1 Trenton, NJ	2.0	1.0	1488	$1,895	$1.27	23d	1	0.61mi
1078 Lalor St Unit 2 Trenton, NJ	2.0	1.0	1488	$1,785	$1.20	23d	1	0.61mi
176 Division St Apt 106 Trenton, NJ	2.0	1.0	975	$1,700	$1.74	23d	1	0.80mi
71 Clark St Trenton, NJ	1.0–2.0	1.0–2.0	975	$2,350	$2.41	15d	4	0.85mi
635 Chambers St Trenton, NJ	4.0	2.0	1312	$2,500	$1.91	15d	1	1.09mi
720 Monmouth St Unit 204 Trenton, NJ	2.0	1.0	1011	$1,750	$1.73	23d	1	1.13mi
121 Columbus Ave Trenton, NJ	3.0	1.0	1050	$1,900	$1.81	23d	1	1.16mi
105 Walnut Ave Unit 1 Trenton, NJ	2.0	1.0	1200	$2,000	$1.67	23d	1	1.36mi
234 Walnut Ave Trenton, NJ	4.0	1.0	1480	$2,200	$1.49	23d	1	1.48mi

Listing history 28 events

1. 2026-06-22
   days on market $240,995 Active 55 DOM
2. 2026-06-18
   days on market $240,995 Active 52 DOM
3. 2026-06-17
   days on market $240,995 Active 51 DOM
4. 2026-06-16
   days on market $240,995 Active 50 DOM
5. 2026-06-15
   days on market $240,995 Active 49 DOM
6. 2026-06-14
   days on market $240,995 Active 47 DOM
7. 2026-06-10
   days on market $240,995 Active 44 DOM
8. 2026-06-09
   days on market $240,995 Active 43 DOM
9. 2026-06-08
   days on market $240,995 Active 42 DOM
10. 2026-06-07
    pricedays on market $240,995 Active 41 DOM
11. 2026-06-03
    days on market $245,995 Active 37 DOM
12. 2026-06-02
    days on market $245,995 Active 36 DOM
13. 2026-06-01
    days on market $245,995 Active 35 DOM
14. 2026-05-31
    days on market $245,995 Active 34 DOM
15. 2026-05-30
    days on market $245,995 Active 33 DOM
16. 2026-04-28
    listed $245,995 Active
17. 2026-04-27
    historical $245,995
18. 2006-05-23
    soldstatus $108,000
19. 2006-04-24
    soldstatus $108,000 339-char remark

    Show marketing remark (339 chars)

    Very well maintained home in desirable Chestnut Park. Extended kitchen gives ample preparation space, plus a dining area. Put your BBQ on the back deck, overlooking the enclosed grass yard. Relax out on the front porch and enjoy the fine sunny days. Narrow plank floors throughout. Hot Air Heat! Good sized bedrooms and closets. Go for it.

20. 2006-03-10
    historical 339-char remark

    Show marketing remark (339 chars)

    Very well maintained home in desirable Chestnut Park. Extended kitchen gives ample preparation space, plus a dining area. Put your BBQ on the back deck, overlooking the enclosed grass yard. Relax out on the front porch and enjoy the fine sunny days. Narrow plank floors throughout. Hot Air Heat! Good sized bedrooms and closets. Go for it.

21. 2005-11-23
    listed $108,000 339-char remark

    Show marketing remark (339 chars)

    Very well maintained home in desirable Chestnut Park. Extended kitchen gives ample preparation space, plus a dining area. Put your BBQ on the back deck, overlooking the enclosed grass yard. Relax out on the front porch and enjoy the fine sunny days. Narrow plank floors throughout. Hot Air Heat! Good sized bedrooms and closets. Go for it.

22. 2004-08-26
    soldstatus $92,000
23. 2004-05-14
    soldstatus $92,000 251-char remark

    Show marketing remark (251 chars)

    Beautiful 3 Bedroom Home Featuring Hardwood Floors, Enlarged Kitchen And Back Deck. Some Newer Windows, Upgraded Bathroom And Many Upgrades Thru-Out House. This Is An Absolute Move-In Condition! * Note: Contingency For Seller To Find Suitable Home. *

24. 2004-03-31
    historical 251-char remark

    Show marketing remark (251 chars)

    Beautiful 3 Bedroom Home Featuring Hardwood Floors, Enlarged Kitchen And Back Deck. Some Newer Windows, Upgraded Bathroom And Many Upgrades Thru-Out House. This Is An Absolute Move-In Condition! * Note: Contingency For Seller To Find Suitable Home. *

25. 2004-03-22
    listed $92,000 251-char remark

    Show marketing remark (251 chars)

    Beautiful 3 Bedroom Home Featuring Hardwood Floors, Enlarged Kitchen And Back Deck. Some Newer Windows, Upgraded Bathroom And Many Upgrades Thru-Out House. This Is An Absolute Move-In Condition! * Note: Contingency For Seller To Find Suitable Home. *

26. 2001-01-15
    historical
27. 2000-07-16
    listed $63,700
28. 1991-01-16
    soldstatus $64,900

ⓘ 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: $2,904 · $242/mo
• Projected year-2 tax: $4,452 · $371/mo
• Expected delta: +$1,549/yr (+$129/mo · 53.3%)

ⓘ 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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,063
• − Mortgage interest: −$13,499
• − Property taxes: −$2,904
• − Insurance: −$1,205
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − Depreciation: −$7,011
• Taxable loss: −$2,726
• Est. tax savings @ 24.0%: +$654
• After-tax cash flow: $1,970/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: Trenton Public School District
• NCES district ID: 3416290
• Math proficiency: 2% ▼ -8.00%
• Reading proficiency: 16% ▼ -4.00%
• Median HH income: $35,078
• Composite: 7.31/100
• National rank: #9956
• State rank: #471 of 472 in NJ

Livability — Trenton

• Score: 76/100
• State rank: #133
• US rank: #3533

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trenton, NJ
• County: Mercer County · 327,655 people
• City population: 177,819
• Metro: Trenton-Princeton, NJ
• Population (ZIP): 31,995
• Household income: $56,788
• Rent vs Own: 61.0% rent · 39.0% own
• Severe rent burden: 2147.0

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 381,395 people
• By 2030: 384,640 · +0.9%
• By 2040: 391,431 · +2.6%
• By 2050: 397,845 · +4.3%
• By 2075: 417,281 · +9.4%
• By 2100: 420,327 · +10.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Hispanic / Latino 62% Black 20% Two or more races 18% White 14% Native American 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 12% Dominican 8%
• Common ancestry: Romanian 2% Swiss 1% Hispanic 1%
• Foreign-born: 37% · Canada, Jamaica, Guatemala
• Languages at home: 41% English-only · Spanish 57% French/Haitian/Cajun 2%

Political lean MEDSL · Mercer

• 2024 margin: Solid D (+33.9) · D 65.9% · R 32.0% · Other 2.1%
• 2008→2024 swing: -2.2pp toward R · 2008: 36.1pp · 2024: 33.9pp
• All cycles: 2024: D+33.9 2020: D+40.0 2016: D+36.2 2012: D+36.8 2008: D+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -267.62%
• Current HPI: 276.5427
• Rent YoY: ▲ 4.71%
• Metro: Trenton-Princeton, NJ
• 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

+279.0% since first listed

13 events — show timeline

• 2026-04-28 Listed $245,995 BRIGHT MLS
• 2026-04-27 Coming Soon $245,995 BRIGHT MLS
• 2006-05-23 Sold (Public Records) $108,000 Public Records
• 2006-04-24 Sold (MLS) $108,000 BRIGHT MLS
• 2006-03-10 Listing Removed — BRIGHT MLS
• 2005-11-23 Listed $108,000 BRIGHT MLS
• 2004-08-26 Sold (Public Records) $92,000 Public Records
• 2004-05-14 Sold (MLS) $92,000 BRIGHT MLS
• 2004-03-31 Listing Removed — BRIGHT MLS
• 2004-03-22 Listed $92,000 BRIGHT MLS
• 2001-01-15 Listing Removed — BRIGHT MLS
• 2000-07-16 Listed $63,700 BRIGHT MLS
• 1991-01-16 Sold (Public Records) $64,900 Public Records

Property tax history

-0.3%/yr

Latest (2025): $2,904 · +1.5% YoY. Source: county tax records.