1405 Farrell Ave #137 · Cherry Hill, NJ 08002

$112,876

2 bd · 1.5 ba · 840 sqft · SingleFamily · 131 Days on market

Built 2025 Good condition 2,176 sqft lot $134/sqft · 11% above area Est $102k · 11% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• Condition / age +3.8/5.0
• Rent growth +3.2/5.0
• ARV discount +2.5/15.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see the latest and greatest of the homes to be delivered to Cherry Hill Mobile Home Park! This handsomely appointed 14' x60' That gives you 840 square feet of beautiful living space my friend!! 2 bedrooms 1.5 baths a complete stainless steel appliance package in the kitchen including the latest version of the stainless steel farmhouse sink. the living room and both bedrooms are carpeted, while the kitchen dining area and baths feature vinyl tile. the main bath features a walk-in shower with glass barn doors so you won't have to deal with those old shower curtains any more but will make you think you are showering in luxury. .. offering you the choice of an over-sized rain shower head or the hand held shower to be sure the soap is totally down the drain before you step out of the shower! The generous room sizes are sure to please from the front door to the ends of the unit. There are built-ins at the dining area of the kitchen that conveniently serve for your everyday meals for convenience with table setting . The unit is pre-wired by the manufacturer for the internet company of your choice to just make their connection at the exterior and you I'll be ready to hook up your smart TV and watch your favorite movie or sports chanel, There is a lot rent of $900/month which includes your taxes, sewer, water, CCMUA, and trash and recycling Applicants need to have a minimum monthly income of 3 times the lot rent and a debt load of less than 40% of their gross monthly income to qualify for buying in the park. .BONUS TO THE BUYER OF THIS UNIT IF PURCHASED BEFORE/BY February 28, 2026 - CHRRY HILL MOBILE HOME PARK WILL SUPPLY THE BUYER WITH A COUPON FOR A WASHER AND ELECTRIC DRYER UP TO $1400-$1500 +$500 FOR THE MANUFACTURES NSTALLATION & INSURANCE POLICY !!THI S A BONUS PACKAGE WORTH $2000.!! Pets are allowed but one per unit and there are breed and weight restrictionsas well as no exotic animals as per the ADA regulations.

Key facts

• Hand held shower
• Glass barn doors
• Luxury vinyl tile

Tags

• STAINLESS STEEL FARMHOUSE SINK
• LUXURY VINYL TILE
• WALK-IN SHOWER
• GLASS BARN DOORS
• OVER-SIZED RAIN SHOWER HEAD
• HAND HELD SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $113k. Condition is rated good.

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 $113k).
• Recommended offer: $99k (12.0% below list) — sets the bar for market timing.

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 22d 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 $780 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 $32k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 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.

Recommended offer $99,330 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 2.10% ✓
• Cap rate: 17.90%
• Cash-on-cash: 41.45%
• DSCR: 2.84
• GRM: 4.0

CMA / ARV

• ARV (median comp): $101,627
• List price: $112,876
• Delta: 11.07%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1405 Farrell Ave #307	0.00mi	2/1.5	840 (0%)	10mo	$109,000	$130	92
1405 Farrell Ave #342	0.00mi	2/1.5	832 (-1%)	16mo	$111,685	$134	85
1405 Farrell Ave #341	0.01mi	2/1.5	784 (-7%)	4mo	$75,000	$96	85
1405 Farrell Ave #304	0.00mi	2/1.5	812 (-3%)	13mo	$108,572	$134	84
1205 Farrell Ave #3	0.12mi	2/1.0	864 (+3%)	7mo	$88,000	$102	82
1405 Farrell Ave #203	0.00mi	2/1.5	756 (-10%)	2mo	$102,313	$135	82
1405 Farrell Ave #325	0.00mi	2/1.5	756 (-10%)	3mo	$78,000	$103	81
1405 Farrell Ave #224	0.00mi	2/1.5	756 (-10%)	9mo	$101,337	$134	76
1405 Farrell Ave #107	0.00mi	2/1.5	812 (-3%)	24mo	$104,355	$129	75
1405 Farrell Ave #327	0.00mi	2/1.5	756 (-10%)	23mo	$98,681	$131	64
1405 Farrell Ave #339	0.00mi	2/2.0	960 (+14%)	12mo	$84,900	$88	64
1205 Farrell Ave #27	0.12mi	2/1.0	928 (+10%)	22mo	$120,000	$129	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: 37.9%
• Equity multiple: 2.62×
• Total profit: $51,044
• Equity at exit: $16,830

10-year hold

• IRR: 44.4%
• Equity multiple: 5.21×
• Total profit: $133,159
• Equity at exit: $9,759

Cash invested: $31,605 (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: 4.0×

Monthly cashflow live

• Estimated rent: $2,369 high
• Mortgage (P&I): −$592
• Tax est. 1.5%: −$141 /mo · $1,693/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$498
• Net cashflow: $1,092

Break-even live

Break-even rent $987

Max offer price $112,876

Occupancy floor 49%

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: $28,219
• Closing costs: $3,386
• 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	1d	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	1d	84	0.91mi
1980 Route 70 W Cherry Hill, NJ	1.0–3.0	1.0–2.0	1043	$2,668	$2.56	1d	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	18d	1	1.27mi
202 Park Blvd Cherry Hill, NJ	1.0–2.0	1.0–2.0	1075	$4,570	$4.25	1d	7	1.28mi
864 Haddon Ave Unit 2ND FLOOR Collingswood, NJ	2.0	1.0	1000	$2,400	$2.40	18d	1	1.38mi
2395 New Jersey Cherry Hill Township, NJ	3.0	1.0–3.0	1050	$3,389	$3.23	1d	15	1.38mi
13 Wilkins Ave Unit 2ND FL Haddonfield, NJ	1.0	1.0	700	$2,500	$3.57	24d	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 17 events

1. 2026-06-18
   days on market $112,876 Active 131 DOM
2. 2026-06-17
   days on market $112,876 Active 130 DOM
3. 2026-06-16
   days on market $112,876 Active 129 DOM
4. 2026-06-15
   days on market $112,876 Active 128 DOM
5. 2026-06-13
   days on market $112,876 Active 126 DOM
6. 2026-06-13
   days on market $112,876 Active 125 DOM
7. 2026-06-09
   days on market $112,876 Active 122 DOM
8. 2026-06-08
   days on market $112,876 Active 121 DOM
9. 2026-06-07
   days on market $112,876 Active 120 DOM
10. 2026-06-04
    days on market $112,876 Active 117 DOM
11. 2026-06-03
    days on market $112,876 Active 116 DOM
12. 2026-06-02
    days on market $112,876 Active 115 DOM
13. 2026-06-01
    days on market $112,876 Active 114 DOM
14. 2026-05-31
    days on market $112,876 Active 113 DOM
15. 2026-05-05
    status Active 1973-char remark

    Show marketing remark (1973 chars)

    Come see the latest and greatest of the homes to be delivered to Cherry Hill Mobile Home Park! This handsomely appointed 14' x60' That gives you 840 square feet of beautiful living space my friend!! 2 bedrooms 1.5 baths a complete stainless steel appliance package in the kitchen including the latest version of the stainless steel farmhouse sink. the living room and both bedrooms are carpeted, while the kitchen dining area and baths feature vinyl tile. the main bath features a walk-in shower with glass barn doors so you won't have to deal with those old shower curtains any more but will make you think you are showering in luxury. .. offering you the choice of an over-sized rain shower head or the hand held shower to be sure the soap is totally down the drain before you step out of the shower! The generous room sizes are sure to please from the front door to the ends of the unit. There are built-ins at the dining area of the kitchen that conveniently serve for your everyday meals for convenience with table setting . The unit is pre-wired by the manufacturer for the internet company of your choice to just make their connection at the exterior and you I'll be ready to hook up your smart TV and watch your favorite movie or sports chanel, There is a lot rent of $900/month which includes your taxes, sewer, water, CCMUA, and trash and recycling Applicants need to have a minimum monthly income of 3 times the lot rent and a debt load of less than 40% of their gross monthly income to qualify for buying in the park. .BONUS TO THE BUYER OF THIS UNIT IF PURCHASED BEFORE/BY February 28, 2026 - CHRRY HILL MOBILE HOME PARK WILL SUPPLY THE BUYER WITH A COUPON FOR A WASHER AND ELECTRIC DRYER UP TO $1400-$1500 +$500 FOR THE MANUFACTURES NSTALLATION & INSURANCE POLICY !!THI S A BONUS PACKAGE WORTH $2000.!! Pets are allowed but one per unit and there are breed and weight restrictionsas well as no exotic animals as per the ADA regulations.

16. 2026-04-30
    historical 1973-char remark

    Show marketing remark (1973 chars)

    Come see the latest and greatest of the homes to be delivered to Cherry Hill Mobile Home Park! This handsomely appointed 14' x60' That gives you 840 square feet of beautiful living space my friend!! 2 bedrooms 1.5 baths a complete stainless steel appliance package in the kitchen including the latest version of the stainless steel farmhouse sink. the living room and both bedrooms are carpeted, while the kitchen dining area and baths feature vinyl tile. the main bath features a walk-in shower with glass barn doors so you won't have to deal with those old shower curtains any more but will make you think you are showering in luxury. .. offering you the choice of an over-sized rain shower head or the hand held shower to be sure the soap is totally down the drain before you step out of the shower! The generous room sizes are sure to please from the front door to the ends of the unit. There are built-ins at the dining area of the kitchen that conveniently serve for your everyday meals for convenience with table setting . The unit is pre-wired by the manufacturer for the internet company of your choice to just make their connection at the exterior and you I'll be ready to hook up your smart TV and watch your favorite movie or sports chanel, There is a lot rent of $900/month which includes your taxes, sewer, water, CCMUA, and trash and recycling Applicants need to have a minimum monthly income of 3 times the lot rent and a debt load of less than 40% of their gross monthly income to qualify for buying in the park. .BONUS TO THE BUYER OF THIS UNIT IF PURCHASED BEFORE/BY February 28, 2026 - CHRRY HILL MOBILE HOME PARK WILL SUPPLY THE BUYER WITH A COUPON FOR A WASHER AND ELECTRIC DRYER UP TO $1400-$1500 +$500 FOR THE MANUFACTURES NSTALLATION & INSURANCE POLICY !!THI S A BONUS PACKAGE WORTH $2000.!! Pets are allowed but one per unit and there are breed and weight restrictionsas well as no exotic animals as per the ADA regulations.

17. 2026-02-02
    listed $112,876 Active 1973-char remark

    Show marketing remark (1973 chars)

    Come see the latest and greatest of the homes to be delivered to Cherry Hill Mobile Home Park! This handsomely appointed 14' x60' That gives you 840 square feet of beautiful living space my friend!! 2 bedrooms 1.5 baths a complete stainless steel appliance package in the kitchen including the latest version of the stainless steel farmhouse sink. the living room and both bedrooms are carpeted, while the kitchen dining area and baths feature vinyl tile. the main bath features a walk-in shower with glass barn doors so you won't have to deal with those old shower curtains any more but will make you think you are showering in luxury. .. offering you the choice of an over-sized rain shower head or the hand held shower to be sure the soap is totally down the drain before you step out of the shower! The generous room sizes are sure to please from the front door to the ends of the unit. There are built-ins at the dining area of the kitchen that conveniently serve for your everyday meals for convenience with table setting . The unit is pre-wired by the manufacturer for the internet company of your choice to just make their connection at the exterior and you I'll be ready to hook up your smart TV and watch your favorite movie or sports chanel, There is a lot rent of $900/month which includes your taxes, sewer, water, CCMUA, and trash and recycling Applicants need to have a minimum monthly income of 3 times the lot rent and a debt load of less than 40% of their gross monthly income to qualify for buying in the park. .BONUS TO THE BUYER OF THIS UNIT IF PURCHASED BEFORE/BY February 28, 2026 - CHRRY HILL MOBILE HOME PARK WILL SUPPLY THE BUYER WITH A COUPON FOR A WASHER AND ELECTRIC DRYER UP TO $1400-$1500 +$500 FOR THE MANUFACTURES NSTALLATION & INSURANCE POLICY !!THI S A BONUS PACKAGE WORTH $2000.!! Pets are allowed but one per unit and there are breed and weight restrictionsas well as no exotic animals as per the ADA regulations.

ⓘ 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: $28,433
• − Mortgage interest: −$6,323
• − Property taxes: −$1,693
• − Insurance: −$564
• − Repairs & maintenance: −$2,275
• − Management: −$2,275
• − Depreciation: −$3,284
• Taxable income: $12,020
• Est. tax owed @ 24.0%: −$2,885
• After-tax cash flow: $10,217/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.

Condition & rehab AI · 6 photos

Good 75/100 Cosmetic rehab

This mobile home is in good condition with recent updates, offering a move-in-ready living space. Minor aesthetic and functional upgrades can further enhance its value.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping and curb appeal improvements — Aesthetic improvements can attract more buyers and renters.
• Both Upgrading flooring in high-traffic areas — Replacing carpet with hardwood or tile can increase both resale and rental value.
• Both Upgrading kitchen cabinets and countertops — Modernizing the kitchen can significantly boost both resale and rental value.
• Both Upgrading bathrooms with modern fixtures — Modern bathrooms are highly sought after and can increase both resale and rental value.
• Both Adding energy-efficient windows and insulation — These upgrades can improve energy efficiency and reduce utility costs, enhancing both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping and curb appeal improvements — Aesthetic improvements can attract more buyers and renters. ↑
• Both Upgrading flooring in high-traffic areas — Replacing carpet with hardwood or tile can increase both resale and rental value. ↑
• Both Upgrading kitchen cabinets and countertops — Modernizing the kitchen can significantly boost both resale and rental value. ↑
• Both Upgrading bathrooms with modern fixtures — Modern bathrooms are highly sought after and can increase both resale and rental value. ↑
• Both Adding energy-efficient windows and insulation — These upgrades can improve energy efficiency and reduce utility costs, enhancing both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

3 events — show timeline

• 2026-05-05 Relisted — BRIGHT MLS
• 2026-04-30 Listing Removed — BRIGHT MLS
• 2026-02-02 Listed $112,876 BRIGHT MLS