221 Northfield Ave · Northfield, NJ 08225

$599,990

4 bd · 2.5 ba · 2,340 sqft · SingleFamily · 62 Days on market

Built 2026 Excellent condition 0.32 ac lot Est $510k · 18% over ↓ 20% since listing

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Why this score? — see what drove the C 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 +25.4/30.0
• DSCR +8.4/10.0
• 1% rule +6.7/10.0
• Condition / age +4.8/5.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Galen model by D. R. Horton, a beautifully designed new construction home offering 2,340 square feet of thoughtfully planned living space. This spacious home features 4 bedrooms, 2.5 baths, and a 2-car garage, providing the perfect balance of comfort, style, and functionality. The versatile flex room off the entry foyer offers endless possibilities as a dining room, home office, or playroom. The open-concept layout flows seamlessly into the dining area and modern kitchen, complete with a large center quartz island, countertops, stainless steel appliances, and a generous walk-in pantry- ideal for both everyday living and entertaining. Upstairs, the private owner's suite offers a spacious walk-in closet and ensuite bath, creating a relaxing retreat at the end of the day. Three additional bedrooms provide ample closet space, along with a hall bath featuring double vanity and a convenient second-floor laundry room designed to simplify daily routines. Enjoy the ease of a professionally prepared homesite featuring sod and irrigation with a full sprinkler system. Ideally located in Northfield, just minutes from the Garden State Parkway and Atlantic City Expressway for convenient access to Philadelphia, and only a short drive to the beaches of Margate and the Jersey Shore. Situated within the highly regarded Mainland Regional School District and near local bike paths, this location offers a wonderful blend of lifestyle, accessibility, and community. * Your new home also comes complete with our Smart Home System featuring a Qolsys IQ Panel, Honeywell Z-Wave Thermostat, Video doorbell, Eaton Z-Wave Switch and Kwikset Smart Door Lock. Ask about customizing your lighting experience with our Deako Light Switches, compatible with our Smart Home System! * * Photos representative of plan only and may vary as built. * * Advertised pricing and any current incentives may be with the use of preferred lender. See Sales Representatives for details!

Key facts

• Walk-in closet
• Open-concept layout
• Walk-in pantry

Tags

• OPEN-CONCEPT LAYOUT
• LARGE CENTER QUARTZ ISLAND
• STAINLESS STEEL APPLIANCES
• WALK-IN PANTRY
• PRIVATE OWNER'S SUITE
• WALK-IN CLOSET

Property features AI

Exterior

• Parking: Attached front-entry garage with 2 spaces
• Utilities: Public water; Public sewer; Electric service (200+ amp); Natural gas for heating and hot water
• Home design: Detached home; Construction by DR Horton; Shingle roof; Energy-efficient windows; Concrete perimeter foundation; Vinyl siding with stone accents; Construction not completed (estimated information)
• Construction: Blown-in and batts insulation; Above-grade living area (estimated)
• Exterior features: Sidewalks; Underground lawn sprinkler; Level entry at main level

Interior

• Kitchen: Stainless steel appliances; Gas oven/range; Microwave; Dishwasher; Garbage disposal
• Bedrooms: Four bedrooms on the main level
• Flooring: Carpet; Ceramic tile; Luxury vinyl plank
• Bathrooms: Two full bathrooms; One half bathroom on a lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; 200+ amp electrical service; Natural gas hot water
• Interior features: Open floor plan; Combination kitchen and living area; Combination kitchen and dining area; Family room off the kitchen; Kitchen island; Pantry; Sprinkler system; Upgraded countertops; Walk-in closets; Unfinished basement
• Laundry & utility: Not furnished

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $600k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $600k).
• Recommended offer: $564k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 5.5% in Northfield — 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 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; 1 comparable units currently listed for rent nearby; 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 $4k of loan paydown is wiped out by about $18k 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 62 days — a 6% lower offer ($564k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $175k; list at $600k implies a 243% gain — meaningful room to come down on a strong offer.

Recommended offer $563,990 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% 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. 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?
5. 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.
6. 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.
7. 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: 1.17% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.88%
• DSCR: 1.44
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $510,120
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12 Oakview Dr	0.20mi	4/2.5	2,262 (-3%)	6mo	$400,000	$177	80
10 Holly Dr	0.15mi	4/3.0	2,292 (-2%)	11mo	$540,000	$236	78
8 Oakview Dr	0.22mi	4/2.5	2,181 (-7%)	15mo	$475,000	$218	66
37 Putting Ave	0.07mi	4/3.0	2,100 (-10%)	19mo	$429,900	$205	62
400 Dolphin Ave Ave	0.73mi	4/2.0	2,414 (+3%)	2mo	$435,000	$180	57
2009 Shepherd Dr	0.51mi	3/3.0 (-1)	2,263 (-3%)	20mo	$596,000	$263	47
1908 Bay Dr	0.71mi	4/3.0	2,240 (-4%)	15mo	$685,000	$306	45
313 Broad St	0.71mi	3/2.5 (-1)	2,050 (-12%)	1mo	$380,000	$185	40
37 Putting Green Ave Ave	0.54mi	4/3.0	2,100 (-10%)	19mo	$429,900	$205	39
2300 Cedarbridge Rd	0.60mi	4/2.5	2,000 (-14%)	13mo	$550,000	$275	37
2006 Bay Dr	0.74mi	3/2.5 (-1)	2,000 (-14%)	21mo	$640,000	$320	19

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: -1.4%
• Equity multiple: 0.95×
• Total profit: $-8,996
• Equity at exit: $89,460

10-year hold

• IRR: 8.3%
• Equity multiple: 1.63×
• Total profit: $106,067
• Equity at exit: $51,876

Cash invested: $167,997 (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: 7.1×

Monthly cashflow live

• Estimated rent: $7,000 medium
• Mortgage (P&I): −$3,146
• Tax est. 1.5%: −$750 /mo · $9,000/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,470
• Net cashflow: $1,384

Break-even live

Break-even rent $5,249

Max offer price $599,990

Occupancy floor 75%

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: $149,998
• Closing costs: $18,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 Julie Dr Northfield, NJ	5.0	3.5	2860	$7,000	$2.45	43d	1	1.17mi

Listing history 23 events

1. 2026-06-18
   days on market $599,990 Active 62 DOM
2. 2026-06-17
   days on market $599,990 Active 61 DOM
3. 2026-06-16
   days on market $599,990 Active 60 DOM
4. 2026-06-15
   days on market $599,990 Active 59 DOM
5. 2026-06-13
   days on market $599,990 Active 57 DOM
6. 2026-06-12
   days on market $599,990 Active 56 DOM
7. 2026-06-09
   days on market $599,990 Active 53 DOM
8. 2026-06-08
   days on market $599,990 Active 52 DOM
9. 2026-06-07
   days on market $599,990 Active 51 DOM
10. 2026-06-07
    days on market $599,990 Active 50 DOM
11. 2026-06-04
    days on market $599,990 Active 47 DOM
12. 2026-06-02
    days on market $599,990 Active 46 DOM
13. 2026-06-01
    days on market $599,990 Active 45 DOM
14. 2026-05-31
    days on market $599,990 Active 44 DOM
15. 2026-04-17
    listed $599,990 Active 1979-char remark

    Show marketing remark (1979 chars)

    Welcome to the Galen model by D. R. Horton, a beautifully designed new construction home offering 2,340 square feet of thoughtfully planned living space. This spacious home features 4 bedrooms, 2.5 baths, and a 2-car garage, providing the perfect balance of comfort, style, and functionality. The versatile flex room off the entry foyer offers endless possibilities as a dining room, home office, or playroom. The open-concept layout flows seamlessly into the dining area and modern kitchen, complete with a large center quartz island, countertops, stainless steel appliances, and a generous walk-in pantry- ideal for both everyday living and entertaining. Upstairs, the private owner's suite offers a spacious walk-in closet and ensuite bath, creating a relaxing retreat at the end of the day. Three additional bedrooms provide ample closet space, along with a hall bath featuring double vanity and a convenient second-floor laundry room designed to simplify daily routines. Enjoy the ease of a professionally prepared homesite featuring sod and irrigation with a full sprinkler system. Ideally located in Northfield, just minutes from the Garden State Parkway and Atlantic City Expressway for convenient access to Philadelphia, and only a short drive to the beaches of Margate and the Jersey Shore. Situated within the highly regarded Mainland Regional School District and near local bike paths, this location offers a wonderful blend of lifestyle, accessibility, and community. * Your new home also comes complete with our Smart Home System featuring a Qolsys IQ Panel, Honeywell Z-Wave Thermostat, Video doorbell, Eaton Z-Wave Switch and Kwikset Smart Door Lock. Ask about customizing your lighting experience with our Deako Light Switches, compatible with our Smart Home System! * * Photos representative of plan only and may vary as built. * * Advertised pricing and any current incentives may be with the use of preferred lender. See Sales Representatives for details!

16. 2026-04-17
    listed $599,990 Active

    Show marketing remark (1979 chars)

    Welcome to the Galen model by D. R. Horton, a beautifully designed new construction home offering 2,340 square feet of thoughtfully planned living space. This spacious home features 4 bedrooms, 2.5 baths, and a 2-car garage, providing the perfect balance of comfort, style, and functionality. The versatile flex room off the entry foyer offers endless possibilities as a dining room, home office, or playroom. The open-concept layout flows seamlessly into the dining area and modern kitchen, complete with a large center quartz island, countertops, stainless steel appliances, and a generous walk-in pantry- ideal for both everyday living and entertaining. Upstairs, the private owner's suite offers a spacious walk-in closet and ensuite bath, creating a relaxing retreat at the end of the day. Three additional bedrooms provide ample closet space, along with a hall bath featuring double vanity and a convenient second-floor laundry room designed to simplify daily routines. Enjoy the ease of a professionally prepared homesite featuring sod and irrigation with a full sprinkler system. Ideally located in Northfield, just minutes from the Garden State Parkway and Atlantic City Expressway for convenient access to Philadelphia, and only a short drive to the beaches of Margate and the Jersey Shore. Situated within the highly regarded Mainland Regional School District and near local bike paths, this location offers a wonderful blend of lifestyle, accessibility, and community. * Your new home also comes complete with our Smart Home System featuring a Qolsys IQ Panel, Honeywell Z-Wave Thermostat, Video doorbell, Eaton Z-Wave Switch and Kwikset Smart Door Lock. Ask about customizing your lighting experience with our Deako Light Switches, compatible with our Smart Home System! * * Photos representative of plan only and may vary as built. * * Advertised pricing and any current incentives may be with the use of preferred lender. See Sales Representatives for details!

17. 2026-04-08
    soldstatus $175,000 Sold 630-char remark

    Show marketing remark (630 chars)

    LOT FOR SALE just steps to the BIKE BATH-- Rare Opportunity to Build Your Custom Dream Home in Northfield! Build with VIDA HOMES or Bring YOUR own Builder. This a rare opportunity to design a truly personalized residence—whether you're searching for your forever home or a second retreat near the shore. Nestled just 7 minutes from Atlantic City and the beautiful beaches of Margate, this spacious 70’ x 200’ lot offers unbeatable value. Why settle for a teardown or costly renovation in Margate or Ventnor when you can build from the ground up for far less. Part of minor subdivision -- see 219 Northfield Ave.

18. 2025-11-11
    historical Under Contract 630-char remark

    Show marketing remark (630 chars)

    LOT FOR SALE just steps to the BIKE BATH-- Rare Opportunity to Build Your Custom Dream Home in Northfield! Build with VIDA HOMES or Bring YOUR own Builder. This a rare opportunity to design a truly personalized residence—whether you're searching for your forever home or a second retreat near the shore. Nestled just 7 minutes from Atlantic City and the beautiful beaches of Margate, this spacious 70’ x 200’ lot offers unbeatable value. Why settle for a teardown or costly renovation in Margate or Ventnor when you can build from the ground up for far less. Part of minor subdivision -- see 219 Northfield Ave.

19. 2025-10-24
    listed $195,000 Active 630-char remark

    Show marketing remark (630 chars)

    LOT FOR SALE just steps to the BIKE BATH-- Rare Opportunity to Build Your Custom Dream Home in Northfield! Build with VIDA HOMES or Bring YOUR own Builder. This a rare opportunity to design a truly personalized residence—whether you're searching for your forever home or a second retreat near the shore. Nestled just 7 minutes from Atlantic City and the beautiful beaches of Margate, this spacious 70’ x 200’ lot offers unbeatable value. Why settle for a teardown or costly renovation in Margate or Ventnor when you can build from the ground up for far less. Part of minor subdivision -- see 219 Northfield Ave.

20. 2025-09-03
    historical
21. 2025-04-15
    listed $250,000 Active
22. 2025-04-15
    historical
23. 2025-03-15
    listed $749,000 Active

ⓘ 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: $84,000
• − Mortgage interest: −$33,609
• − Property taxes: −$9,000
• − Insurance: −$3,000
• − Repairs & maintenance: −$6,720
• − Management: −$6,720
• − Depreciation: −$17,454
• Taxable income: $7,497
• Est. tax owed @ 24.0%: −$1,799
• After-tax cash flow: $14,804/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 · 12 photos

Excellent 95/100 None rehab

This beautifully designed new construction home is move-in ready with excellent condition and no visible repairs needed. It offers a spacious floor plan, modern finishes, and a well-maintained exterior, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants.
• Both Add smart home features — Smart home features can increase both resale and rental value by making the home more convenient and appealing to modern buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Both Add smart home features — Smart home features can increase both resale and rental value by making the home more convenient and appealing to modern buyers/tenants. ↑

ⓘ 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: 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

-19.9% since first listed

9 events — show timeline

• 2026-04-17 Listed $599,990 BRIGHT MLS
• 2026-04-17 Listed $599,990 SJSRMLS
• 2026-04-08 Sold (MLS) $175,000 SJSRMLS
• 2025-11-11 Contingent — SJSRMLS
• 2025-10-24 Listed $195,000 SJSRMLS
• 2025-09-03 Listing Removed — SJSRMLS
• 2025-04-15 Listing Removed — SJSRMLS
• 2025-04-15 Listed $250,000 SJSRMLS
• 2025-03-15 Listed $749,000 SJSRMLS