4 E Mill Rd · Northfield, NJ 08225

$449,000

4 bd · 1.5 ba · 1,776 sqft · SingleFamily public records · 85 Days on market

Built 1958 Est $472k · at est.

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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 +12.1/30.0
• ARV discount +9.7/15.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Renovated Northfield House with updated eat in kitchen including painted white cabinets, chrome pulls, stainless appliances and new quartz countertops and a breakfast bar overlooking the dining area! New Front deck! New Luxury Vinyl Tile flooring in stylish color throughout!This house is freshly painted! 4 bedrooms 1 full Bathroom upstairs, a half bath on the 1st floor and a bonus indoor shower is also on the 1st Floor!! Large Family room with Brick Fireplace! Also a Den with New Sliding glass door to the side/rear yard - Fully fenced yard with cement patio and large storage shed! Large Mud Room/3 season room and laundry on the 1st floor! Best access to this house is off steelman rd, 2+ car off street parking, large driveway. leads to the side entrance and a nice 3 season room! School district is Northfield Community School and Mainland High School. This central Northfield location is walking distance to the bike path, Jersey Cow, Venturas and is a short drive to Margate and all local Islands! Corner property with Driving Access to the property is from Shore Road to Steelman Road to the alley. Off Street parking! Shed with electric is included.

Key facts

• Large family room
• Brick fireplace
• Cement patio

Tags

• UPDATED EAT IN KITCHEN
• NEW LUXURY VINYL TILE FLOORING
• LARGE FAMILY ROOM
• BRICK FIREPLACE
• FULLY FENCED YARD
• CEMENT PATIO

Property features AI

Exterior

• Parking: Two exterior parking spaces; No garage; Concrete driveway
• Utilities: Public water; Public sewer; Gas water heater; Gas service for heating and stove
• Home design: Single-family property; White exterior; Vinyl siding; Zoned R-2
• Construction: Over 25 years old; Crawl space foundation
• Exterior features: Deck; Porch; Patio; Fenced yard; Curbs; Paved road; Corner lot

Interior

• Kitchen: Eat-in kitchen; Gas stove; Refrigerator; Pantry
• Bedrooms: All bedrooms on upper level; Bedroom 1 — large; Bedroom 2 — bright; Bedroom 3 — nice; Bedroom 4 — upper level
• Flooring: Tile; Vinyl
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Central air; Ceiling fan(s); Gas heating
• Interior features: Carbon monoxide detector; Smoke/fire alarm; Blinds; Built-in and free-standing fireplace in family room
• Laundry & utility: Washer; Dryer; Laundry/mud room on main level

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $449k.

Deal economics

• At list price, monthly cash flow is $-95 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $432k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $379k (15.5% below list).
• Recommended offer: $379k (15.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#155 in NJ, #3,997 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living D-.
• Northfield City School District (suburban): math 32% / reading 55% proficiency, ranked #196 of 472 in NJ (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: 45 active listings in the ZIP; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($422k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 11y ago; this cycle's ask is 14867% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $240k; list at $449k implies a 87% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $379,463 (15.5% 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. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-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?
7. 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?
8. 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.
9. 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.
10. 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: 0.85% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.91%
• DSCR: 0.96
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $472,416
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19 Locust Dr	0.37mi	4/2.5	1,875 (+6%)	3mo	$420,000	$224	67
135 E Revere Ave	0.45mi	4/2.0	1,833 (+3%)	11mo	$430,000	$235	63
1253 Zion Rd	0.47mi	3/2.0 (-1)	1,757 (-1%)	9mo	$370,000	$211	62
102 E Glencove Ave	0.42mi	3/2.0 (-1)	1,666 (-6%)	8mo	$435,000	$261	57
12 Haining Pl	0.47mi	4/2.5	1,906 (+7%)	8mo	$610,000	$320	56
2320 Shepherd Dr	0.51mi	3/2.0 (-1)	1,910 (+8%)	4mo	$536,000	$281	54
2 Forrest Dr	0.31mi	4/2.0	1,586 (-11%)	17mo	$457,500	$288	51
2038 Cedarbridge Rd	0.37mi	3/2.0 (-1)	1,606 (-10%)	12mo	$427,000	$266	50
2419 Cedarbridge Rd	0.67mi	4/3.0	1,900 (+7%)	3mo	$625,000	$329	48
2300 Cedarbridge Rd	0.51mi	4/2.5	2,000 (+13%)	13mo	$550,000	$275	40
41 E Vernon Ave E	0.55mi	3/2.5 (-1)	2,038 (+15%)	1mo	$432,500	$212	40
112 Roosevelt Ave	0.67mi	3/2.0 (-1)	1,600 (-10%)	15mo	$342,000	$214	33

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: -17.8%
• Equity multiple: 0.37×
• Total profit: $-78,750
• Equity at exit: $66,947

10-year hold

• IRR: -9.9%
• Equity multiple: 0.39×
• Total profit: $-76,149
• Equity at exit: $38,821

Cash invested: $125,720 (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 08225

• Home prices YoY: -27.6%
• Active inventory: 45
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,795 medium
• Mortgage (P&I): −$2,355
• Tax from tax record: −$551 /mo · $6,612/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$797
• Net cashflow: $-95

Break-even live

Break-even rent $3,915

Max offer price $432,237

Occupancy floor 98%

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: $112,250
• Closing costs: $13,470
• Reserves months: —
• Total cash needed: —

Listing history 36 events

1. 2026-06-02
   days on market $449,000 Active 85 DOM
2. 2026-06-01
   days on market $449,000 Active 84 DOM
3. 2026-05-31
   days on market $449,000 Active 83 DOM
4. 2026-05-16
   historical $3,000
5. 2026-05-14
   listed $3,000
6. 2026-04-23
   price $449,000
7. 2026-03-09
   listed $469,000 Active
8. 2023-09-28
   historical 1162-char remark

   Show marketing remark (1162 chars)

   Renovated Northfield House with updated eat in kitchen including painted white cabinets, chrome pulls, stainless appliances and new quartz countertops and a breakfast bar overlooking the dining area! New Front deck! New Luxury Vinyl Tile flooring in stylish color throughout!This house is freshly painted! 4 bedrooms 1 full Bathroom upstairs, a half bath on the 1st floor and a bonus indoor shower is also on the 1st Floor!! Large Family room with Brick Fireplace! Also a Den with New Sliding glass door to the side/rear yard - Fully fenced yard with cement patio and large storage shed! Large Mud Room/3 season room and laundry on the 1st floor! Best access to this house is off steelman rd, 2+ car off street parking, large driveway. leads to the side entrance and a nice 3 season room! School district is Northfield Community School and Mainland High School. This central Northfield location is walking distance to the bike path, Jersey Cow, Venturas and is a short drive to Margate and all local Islands! Corner property with Driving Access to the property is from Shore Road to Steelman Road to the alley. Off Street parking! Shed with electric is included.

9. 2023-09-25
   historical $2,800
10. 2023-09-08
    listed $425,000 Active 1162-char remark

    Show marketing remark (1162 chars)

    Renovated Northfield House with updated eat in kitchen including painted white cabinets, chrome pulls, stainless appliances and new quartz countertops and a breakfast bar overlooking the dining area! New Front deck! New Luxury Vinyl Tile flooring in stylish color throughout!This house is freshly painted! 4 bedrooms 1 full Bathroom upstairs, a half bath on the 1st floor and a bonus indoor shower is also on the 1st Floor!! Large Family room with Brick Fireplace! Also a Den with New Sliding glass door to the side/rear yard - Fully fenced yard with cement patio and large storage shed! Large Mud Room/3 season room and laundry on the 1st floor! Best access to this house is off steelman rd, 2+ car off street parking, large driveway. leads to the side entrance and a nice 3 season room! School district is Northfield Community School and Mainland High School. This central Northfield location is walking distance to the bike path, Jersey Cow, Venturas and is a short drive to Margate and all local Islands! Corner property with Driving Access to the property is from Shore Road to Steelman Road to the alley. Off Street parking! Shed with electric is included.

11. 2023-09-02
    listed $2,800
12. 2023-08-02
    soldstatus $240,000
13. 2023-06-30
    soldstatus $240,000 Sold 193-char remark

    Show marketing remark (193 chars)

    4 BEDROOM AND 2 BATH HOME WITH LIVING ROOM WITH FIREPLACE, DINING ROOM, EAT-IN KITCHEN WITH STAINLESS STEEL APPLIANCES, FAMILY ROOM, AND SUNROOM, HARDWOOD AND TILE FLOORS, FENCED YARD AND MORE!

14. 2023-06-29
    soldstatus $240,000 Sold
15. 2023-06-19
    listed $259,900 Active
16. 2023-06-19
    historical
17. 2023-06-10
    listed $295,000 Active
18. 2023-06-10
    historical
19. 2023-05-31
    listed $329,000 Active
20. 2023-05-31
    historical
21. 2023-05-12
    historical 193-char remark

    Show marketing remark (193 chars)

    4 BEDROOM AND 2 BATH HOME WITH LIVING ROOM WITH FIREPLACE, DINING ROOM, EAT-IN KITCHEN WITH STAINLESS STEEL APPLIANCES, FAMILY ROOM, AND SUNROOM, HARDWOOD AND TILE FLOORS, FENCED YARD AND MORE!

22. 2023-05-12
    listed $329,900 Active

    Show marketing remark (193 chars)

    4 BEDROOM AND 2 BATH HOME WITH LIVING ROOM WITH FIREPLACE, DINING ROOM, EAT-IN KITCHEN WITH STAINLESS STEEL APPLIANCES, FAMILY ROOM, AND SUNROOM, HARDWOOD AND TILE FLOORS, FENCED YARD AND MORE!

23. 2023-04-07
    listed $329,900 Active 193-char remark

    Show marketing remark (193 chars)

    4 BEDROOM AND 2 BATH HOME WITH LIVING ROOM WITH FIREPLACE, DINING ROOM, EAT-IN KITCHEN WITH STAINLESS STEEL APPLIANCES, FAMILY ROOM, AND SUNROOM, HARDWOOD AND TILE FLOORS, FENCED YARD AND MORE!

24. 2023-04-07
    historical

    Show marketing remark (193 chars)

    4 BEDROOM AND 2 BATH HOME WITH LIVING ROOM WITH FIREPLACE, DINING ROOM, EAT-IN KITCHEN WITH STAINLESS STEEL APPLIANCES, FAMILY ROOM, AND SUNROOM, HARDWOOD AND TILE FLOORS, FENCED YARD AND MORE!

25. 2023-02-24
    price $299,900
26. 2022-01-31
    price $249,900
27. 2021-02-21
    listed $219,900 Active
28. 2021-02-21
    historical
29. 2020-12-24
    listed $219,900 Active
30. 2015-12-01
    soldstatus $120,000
31. 2015-11-24
    soldstatus $120,000 Sold
32. 2015-10-09
    historical Under Contract
33. 2015-05-08
    listed $225,000 Active
34. 2006-02-07
    soldstatus $320,000
35. 1994-12-08
    soldstatus $108,000
36. 1992-07-06
    soldstatus $107,000

ⓘ 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: $6,612 · $551/mo
• Projected year-2 tax: $8,896 · $741/mo
• Expected delta: +$2,284/yr (+$190/mo · 34.6%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,536
• − Mortgage interest: −$25,151
• − Property taxes: −$6,612
• − Insurance: −$2,245
• − Repairs & maintenance: −$3,643
• − Management: −$3,643
• − Depreciation: −$13,062
• Taxable loss: −$8,819
• Est. tax savings @ 24.0%: +$2,117
• After-tax cash flow: $978/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: Northfield City School District
• NCES district ID: 3411790
• Math proficiency: 32% ▼ -21.00%
• Reading proficiency: 55% ▲ 2.00%
• Median HH income: $68,950
• Composite: 39.12/100
• National rank: #4039
• State rank: #196 of 472 in NJ

Livability — Northfield

• Score: 75/100
• State rank: #155
• US rank: #3997

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northfield, NJ
• Population (ZIP): 8,427

Population outlook (Atlantic County) Hauer SSP2

• Today (2025): 268,948 people
• By 2030: 264,497 · -1.7%
• By 2040: 252,261 · -6.2%
• By 2050: 237,846 · -11.6%
• By 2075: 210,650 · -21.7%
• By 2100: 180,234 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 11% Asian 9% Two or more races 7% Black 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 2%
• Common ancestry: Romanian 6% Lithuanian 3% Italian 2%
• Foreign-born: 15% · Canada, China
• Languages at home: 79% English-only · Spanish 6% Other Indo-European 6% Chinese 3%

Political lean MEDSL · Atlantic

• 2024 margin: Toss-up / Even · D 47.7% · R 50.7% · Other 1.6%
• 2008→2024 swing: -18.1pp toward R · 2008: 15.1pp · 2024: -3.0pp
• All cycles: 2024: R+3.0 2020: D+6.7 2016: D+6.2 2012: D+17.2 2008: D+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.85%
• Current HPI: 304.5862
• 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

-97.2% since first listed

33 events — show timeline

• 2026-05-16 Rental Removed $3,000 SJSRMLS
• 2026-05-14 Listed for Rent $3,000 SJSRMLS
• 2026-04-23 Price Changed $449,000 SJSRMLS
• 2026-03-09 Listed $469,000 SJSRMLS
• 2023-09-28 Listing Removed — SJSRMLS
• 2023-09-25 Rental Removed $2,800 SJSRMLS
• 2023-09-08 Listed $425,000 SJSRMLS
• 2023-09-02 Listed for Rent $2,800 SJSRMLS
• 2023-08-02 Sold (Public Records) $240,000 Public Records
• 2023-06-30 Sold (MLS) $240,000 SJSRMLS
• 2023-06-29 Sold (MLS) $240,000 SJSRMLS
• 2023-06-19 Listing Removed — SJSRMLS
• 2023-06-19 Listed $259,900 SJSRMLS
• 2023-06-10 Listing Removed — SJSRMLS
• 2023-06-10 Listed $295,000 SJSRMLS
• 2023-05-31 Listing Removed — SJSRMLS
• 2023-05-31 Listed $329,000 SJSRMLS
• 2023-05-12 Listed $329,900 SJSRMLS
• 2023-05-12 Listing Removed — SJSRMLS
• 2023-04-07 Listing Removed — SJSRMLS
• 2023-04-07 Listed $329,900 SJSRMLS
• 2023-02-24 Price Changed $299,900 SJSRMLS
• 2022-01-31 Price Changed $249,900 SJSRMLS
• 2021-02-21 Listing Removed — SJSRMLS
• 2021-02-21 Listed $219,900 SJSRMLS
• 2020-12-24 Listed $219,900 SJSRMLS
• 2015-12-01 Sold (Public Records) $120,000 Public Records
• 2015-11-24 Sold (MLS) $120,000 SJSRMLS
• 2015-10-09 Contingent — SJSRMLS
• 2015-05-08 Listed $225,000 SJSRMLS
• 2006-02-07 Sold (Public Records) $320,000 Public Records
• 1994-12-08 Sold (Public Records) $108,000 Public Records
• 1992-07-06 Sold (Public Records) $107,000 Public Records

Property tax history

-0.6%/yr

Latest (2025): $6,612 · +5.2% YoY. Source: county tax records.