2249 39th St · Camden, NJ 08110

$150,000

3 bd · 2.0 ba · 1,200 sqft · SingleFamily public records · 8 Days on market

Built 1924 3,999 sqft lot Est $276k · 46% under

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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 +27.4/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +9.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nicely Redone Home New Kitchen And Updated Baths Fresh Paint New Carpet Some New Windows, New Electrical Service 200 Amp Home Showes Nicely

Key facts

• Forced-air heating
• 3,999 sq ft lot
• Built 1924

Tags

• 200-AMP ELECTRICAL UPGRADE
• FORCED-AIR HEATING
• CENTRAL AIR INSTALLATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 9.8% vs local median 7.0% in Camden — 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 70/100 on livability (#262 in NJ) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A; Watch: crime F, employment F.
• Pennsauken Township Board Of Education School District (suburban): math 12% / reading 32% proficiency, ranked #410 of 472 in NJ (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Benjamin Franklin Elementary School (math 17% / reading 24%, grade F, #984 of 1,303 statewide, top 76%, 362 students, 39% FRL); Howard M. Phifer Middle School (math 14% / reading 37%, grade F, #359 of 431 statewide, top 84%, 1,045 students, 43% FRL); Pennsauken High School (math 8% / reading 45%, grade F, #319 of 399 statewide, top 80%, 1,530 students, 37% FRL) — zoned schools average 39% FRL vs 56% district-wide (16 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 61 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 27d 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).
• This rent runs 32% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 23y 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 $112k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 39% 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 $150,000

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
7. 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.
8. 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: 1.50% ✓
• Cap rate: 9.80%
• Cash-on-cash: 12.54%
• DSCR: 1.56
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $276,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2249 39th St	0.00mi	3/2.0	1,200 (0%)	1mo	$201,000	$168	99
2232 42nd St	0.18mi	3/1.5	1,196 (-0%)	4mo	$268,000	$224	86
243 N 40th St	0.14mi	3/2.0	1,120 (-7%)	6mo	$229,900	$205	77
1763 41st St	0.44mi	3/2.0	1,260 (+5%)	2mo	$364,900	$290	70
2201 38th St	0.05mi	4/1.5 (+1)	1,328 (+11%)	4mo	$260,000	$196	70
2503 48th St	0.45mi	3/1.0	1,248 (+4%)	3mo	$300,000	$240	65
1938 W River Dr	0.50mi	3/2.0	1,129 (-6%)	4mo	$325,000	$288	63
1744 43rd St	0.50mi	3/1.0	1,270 (+6%)	6mo	$291,595	$230	58
420 N 36th St	0.33mi	3/1.0	1,356 (+13%)	4mo	$186,000	$137	55
1947 Tinsman Ave	0.67mi	3/1.0	1,299 (+8%)	2mo	$340,000	$262	50
1408 Hillside Ter	0.74mi	4/2.0 (+1)	1,140 (-5%)	6mo	$325,000	$285	47
4755 W End Ave	0.61mi	2/1.5 (-1)	1,038 (-14%)	2mo	$170,000	$164	40

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: 2.4%
• Equity multiple: 1.09×
• Total profit: $3,873
• Equity at exit: $22,365

10-year hold

• IRR: 12.1%
• Equity multiple: 1.96×
• Total profit: $40,274
• Equity at exit: $12,969

Cash invested: $42,000 (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 08110

• Home prices YoY: -10.9%
• Active inventory: 61
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,255 high
• Mortgage (P&I): −$787
• Tax from tax record: −$493 /mo · $5,916/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$473
• Net cashflow: $439

Break-even live

Break-even rent $1,699

Max offer price $150,000

Occupancy floor 76%

Sensitivity live

Price	-10% $524	-5% $481	+0% $439	+5% $397	+10% $354
Rent	-10% $261	-5% $350	+0% $439	+5% $528	+10% $617
Rate	-1.0pp $515	-0.5pp $477	base $439	+0.5pp $400	+1.0pp $361

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 N 34th St Unit B Camden, NJ	3.0	2.0	900	$1,950	$2.17	26d	1	0.26mi
4621 Woodland Ave Pennsauken, NJ	3.0	1.5	1148	$2,200	$1.92	26d	1	0.39mi
4601 High St Pennsauken, NJ	1.0–2.0	1.0	800	$1,675	$2.09	5d	4	0.47mi
2323 Browning Rd Pennsauken, NJ	3.0	1.0	923	$2,500	$2.71	26d	1	0.53mi
380 Garden Ave Camden, NJ	2.0	2.0	1184	$2,100	$1.77	26d	1	0.79mi
2277 Hollinshed Ave Pennsauken, NJ	3.0	1.5	1164	$2,400	$2.06	26d	1	0.84mi
5729 Irving Ave Pennsauken, NJ	3.0	1.5	1200	$2,150	$1.79	18d	1	0.87mi
2754 Mickle St Camden, NJ	3.0	1.0	1500	$1,850	$1.23	0d	1	0.87mi
2752 Mickle St Camden, NJ	3.0	1.0	1450	$1,850	$1.28	18d	1	0.88mi
1535 Gross Ave Pennsauken, NJ	3.0	1.0	1272	$2,150	$1.69	26d	1	0.91mi
324 S 27th St Camden, NJ	3.0	1.0	1152	$1,900	$1.65	26d	1	0.94mi
5122 Garfield Ave Pennsauken, NJ	3.0	1.0	1308	$2,500	$1.91	26d	1	0.96mi
4137 Marlton Pike Pennsauken Township, NJ	2.0	1.0	900	$1,800	$2.00	26d	1	1.08mi
6366 Rogers Ave Unit 3 Pennsauken Township, NJ	3.0	1.0	1100	$2,100	$1.91	26d	1	1.15mi
5454 Burwood Ave Pennsauken, NJ	3.0	1.5	1419	$2,650	$1.87	7d	1	1.37mi
200 E Maple Ave Unit 10 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	6d	1	1.40mi
200 E Maple Ave Apt 13 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	5d	1	1.40mi
200 E Maple Ave Unit 08 Merchantville, NJ	2.0	1.0	1000	$2,000	$2.00	20d	1	1.40mi

Listing history 9 events

1. 2026-04-28
   status Pending
2. 2026-03-05
   historical Active Under Contract
3. 2026-02-25
   listed $150,000 Active
4. 2004-09-03
   soldstatus $112,500
5. 2004-07-30
   soldstatus $112,500 140-char remark

   Show marketing remark (140 chars)

   Nicely Redone Home New Kitchen And Updated Baths Fresh Paint New Carpet Some New Windows, New Electrical Service 200 Amp Home Showes Nicely

6. 2004-06-20
   listed $112,500 140-char remark

   Show marketing remark (140 chars)

   Nicely Redone Home New Kitchen And Updated Baths Fresh Paint New Carpet Some New Windows, New Electrical Service 200 Amp Home Showes Nicely

7. 2004-04-19
   soldstatus $71,500
8. 2004-03-30
   soldstatus $71,500 199-char remark

   Show marketing remark (199 chars)

   This Is A Handy Man Needs Paint & Paper But Has An Inlaw Suite On Upstairs Level. 2bed Down And 1 Bed Up. Loads Of Potential Not That Far From The Mark Has C/A. Property Being Sold As Is No Fha

9. 2003-10-01
   listed $71,500 199-char remark

   Show marketing remark (199 chars)

   This Is A Handy Man Needs Paint & Paper But Has An Inlaw Suite On Upstairs Level. 2bed Down And 1 Bed Up. Loads Of Potential Not That Far From The Mark Has C/A. Property Being Sold As Is No Fha

ⓘ 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: $5,916 · $493/mo
• Projected year-2 tax: $5,916 · $493/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 39% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,055
• − Mortgage interest: −$8,402
• − Property taxes: −$5,916
• − Insurance: −$750
• − Repairs & maintenance: −$2,164
• − Management: −$2,164
• − Depreciation: −$4,364
• Taxable income: $3,294
• Est. tax owed @ 24.0%: −$790
• After-tax cash flow: $4,477/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: Pennsauken Township Board Of Education School District
• NCES district ID: 3412870
• Math proficiency: 12% ▼ -16.00%
• Reading proficiency: 32% ▼ -3.00%
• Median HH income: $60,336
• Composite: 20.48/100
• National rank: #8573
• State rank: #410 of 472 in NJ

Livability — Camden

• Score: 70/100
• State rank: #262
• US rank: #7721

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Camden County · 407,624 people
• City population: 20,865
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 19,158
• Household income: $83,729
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 404.0

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 0.67)
• Race & ethnicity: Hispanic / Latino 46% Black 30% White 14% Two or more races 13% Asian 7% Native American 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17% Dominican 16%
• Common ancestry: Romanian 2% Hispanic 1% Iranian 1%
• Foreign-born: 28% · Canada, Vietnam, Jamaica
• Languages at home: 52% English-only · Spanish 35% Vietnamese 4% French/Haitian/Cajun 1%

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: ▼ -53.44%
• Current HPI: 436.2879
• Rent YoY: —
• 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

+109.8% since first listed

9 events — show timeline

• 2026-04-28 Pending — BRIGHT MLS
• 2026-03-05 Contingent — BRIGHT MLS
• 2026-02-25 Listed $150,000 BRIGHT MLS
• 2004-09-03 Sold (Public Records) $112,500 Public Records
• 2004-07-30 Sold (MLS) $112,500 BRIGHT MLS
• 2004-06-20 Listed $112,500 BRIGHT MLS
• 2004-04-19 Sold (Public Records) $71,500 Public Records
• 2004-03-30 Sold (MLS) $71,500 BRIGHT MLS
• 2003-10-01 Listed $71,500 BRIGHT MLS

Property tax history

+4.0%/yr

Latest (2025): $5,916 · +34.3% YoY. Source: county tax records.