1 Lafayette Ave · Estell Manor, NJ 08330

$214,900

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 269 Days on market

Built 1956 Est $199k · 8% 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 +27.6/30.0
• Appreciation +10.0/10.0
• DSCR +9.7/10.0
• 1% rule +7.0/10.0
• Schools +4.7/10.0
• ARV discount +3.9/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

ATTENTION INVESTORS! Semi-Detached - 3 Bedroom - 1 Bath - Tenant lease until 1-31-2026. Long term Tenant would like to renew lease and stay additional 3 years, if possible. Rent currently $1425 per month plus utilities (except water sewer Landlord pays). Oil heat with newer heater and above ground tank. New Roof. Home was renovated prior to Tenant taking occupancy. Photos from before Tenant moved in. Tenant cooperative with showings by appointment only. Attached home at 3 Lafayette will also be available. 3 Lafayette is currently being renovated as tenant recently vacated and will go on the market when renovations are completed. Package deal possible.

Key facts

• Quiet street
• Newer heater
• Spacious kitchen

Tags

• SPACIOUS KITCHEN
• INVITING LIVING ROOM
• FENCED BACKYARD
• QUIET STREET
• NEW ROOF
• NEWER HEATER

Property features AI

Finance

• Other: Available documents: Lead-based paint disclosure, Seller's property condition

Exterior

• Parking: Two exterior parking spaces; No garage
• Utilities: Public water; Public sewer; Electric water heater
• Home design: Single-family home (for sale); Lot dimensions approximately 45 x 120; Not waterfront; Not in a floodplain
• Construction: Asbestos siding
• Exterior features: Fenced yard; Porch; Patio; Shed; Yellow exterior

Interior

• Kitchen: Electric stove; Dishwasher; Refrigerator; Eat-in kitchen
• Bedrooms: All bedrooms located on the upper level (3 bedrooms)
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: One full bathroom on the upper level
• Heating & cooling: Oil heating with baseboard and tank above ground; Window air conditioning units
• Interior features: Carbon monoxide detector; Smoke/fire alarm; Built-in wood-burning fireplace in living room; Crawl space basement
• Laundry & utility: Washer; Dryer; Main-level laundry/utility room; Storage attic

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $642 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 6.1% in Estell Manor — 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 64/100 on livability (#414 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools C-, amenities F, commute F.
• Weymouth Township School District (rural): math 50% / reading 55% proficiency, ranked #351 of 612 in NJ (top 57%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 240 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 672 units permitted in Atlantic County in 2024 (258 in 5+ unit buildings).

Forward outlook

• In year one you build about $23k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
• Atlantic County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y 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 $150k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 79% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.20% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.81%
• DSCR: 1.57
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $199,080
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Lafayette Ave	0.00mi	2/1.0 (-1)	1,285 (+2%)	1mo	$195,000	$152	91
934 Grant St	0.54mi	3/1.5	1,408 (+12%)	16mo	$222,920	$158	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.7%
• Equity multiple: 3.62×
• Total profit: $157,923
• Equity at exit: $193,599

10-year hold

• IRR: 29.0%
• Equity multiple: 8.19×
• Total profit: $432,867
• Equity at exit: $417,503

Cash invested: $60,172 (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 08330

• Home prices YoY: 3.9%
• Active inventory: 240
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,582 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$181 /mo · $2,176/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$542
• Net cashflow: $642

Break-even live

Break-even rent $1,769

Max offer price $214,900

Occupancy floor 70%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6200 Old Harding Hwy Mays Landing, NJ	2.0	2.0	1200	$2,299	$1.92	12d	1	1.31mi

Listing history 49 events

1. 2026-06-19
   days on market $214,900 Under Contract 269 DOM
2. 2026-06-18
   days on market $214,900 Under Contract 268 DOM
3. 2026-06-17
   days on market $214,900 Under Contract 267 DOM
4. 2026-06-16
   days on market $214,900 Under Contract 266 DOM
5. 2026-06-15
   days on market $214,900 Under Contract 265 DOM
6. 2026-06-14
   days on market $214,900 Under Contract 263 DOM
7. 2026-06-13
   days on market $214,900 Under Contract 262 DOM
8. 2026-06-10
   days on market $214,900 Under Contract 260 DOM
9. 2026-06-09
   days on market $214,900 Under Contract 259 DOM
10. 2026-06-08
    days on market $214,900 Under Contract 258 DOM
11. 2026-06-07
    days on market $214,900 Under Contract 257 DOM
12. 2026-06-05
    days on market $214,900 Under Contract 254 DOM
13. 2026-06-03
    days on market $214,900 Under Contract 253 DOM
14. 2026-06-02
    days on market $214,900 Under Contract 252 DOM
15. 2026-06-01
    days on market $214,900 Under Contract 251 DOM
16. 2026-05-31
    days on market $214,900 Under Contract 250 DOM
17. 2026-05-30
    days on market $214,900 Under Contract 249 DOM
18. 2026-04-19
    historical Under Contract
19. 2026-01-09
    price $214,900
20. 2026-01-06
    price $219,900
21. 2025-12-22
    price $214,900
22. 2025-09-23
    listed $219,900 Active
23. 2025-05-28
    soldstatus $150,000
24. 2025-04-17
    soldstatus $150,000 Sold 659-char remark

    Show marketing remark (659 chars)

    ATTENTION INVESTORS! Semi-Detached - 3 Bedroom - 1 Bath - Tenant lease until 1-31-2026. Long term Tenant would like to renew lease and stay additional 3 years, if possible. Rent currently $1425 per month plus utilities (except water sewer Landlord pays). Oil heat with newer heater and above ground tank. New Roof. Home was renovated prior to Tenant taking occupancy. Photos from before Tenant moved in. Tenant cooperative with showings by appointment only. Attached home at 3 Lafayette will also be available. 3 Lafayette is currently being renovated as tenant recently vacated and will go on the market when renovations are completed. Package deal possible.

25. 2025-03-19
    historical Under Contract 659-char remark

    Show marketing remark (659 chars)

    ATTENTION INVESTORS! Semi-Detached - 3 Bedroom - 1 Bath - Tenant lease until 1-31-2026. Long term Tenant would like to renew lease and stay additional 3 years, if possible. Rent currently $1425 per month plus utilities (except water sewer Landlord pays). Oil heat with newer heater and above ground tank. New Roof. Home was renovated prior to Tenant taking occupancy. Photos from before Tenant moved in. Tenant cooperative with showings by appointment only. Attached home at 3 Lafayette will also be available. 3 Lafayette is currently being renovated as tenant recently vacated and will go on the market when renovations are completed. Package deal possible.

26. 2025-02-22
    listed $179,000 Active 659-char remark

    Show marketing remark (659 chars)

    ATTENTION INVESTORS! Semi-Detached - 3 Bedroom - 1 Bath - Tenant lease until 1-31-2026. Long term Tenant would like to renew lease and stay additional 3 years, if possible. Rent currently $1425 per month plus utilities (except water sewer Landlord pays). Oil heat with newer heater and above ground tank. New Roof. Home was renovated prior to Tenant taking occupancy. Photos from before Tenant moved in. Tenant cooperative with showings by appointment only. Attached home at 3 Lafayette will also be available. 3 Lafayette is currently being renovated as tenant recently vacated and will go on the market when renovations are completed. Package deal possible.

27. 2020-11-21
    historical
28. 2020-11-11
    historical
29. 2020-09-09
    price $105,000
30. 2020-09-08
    listed $105,000 Active
31. 2020-08-14
    price $113,900
32. 2020-07-27
    listed $123,900 Active
33. 2019-02-06
    soldstatus $34,000 Sold
34. 2019-01-18
    historical Under Contract
35. 2019-01-12
    price $34,000
36. 2018-12-08
    price $45,000
37. 2018-11-30
    status Active
38. 2018-10-24
    historical Under Contract
39. 2018-09-27
    price $54,900
40. 2018-08-24
    listed $59,900 Active
41. 2005-10-27
    soldstatus $158,000
42. 2005-10-17
    soldstatus $158,000
43. 2005-08-19
    historical
44. 2005-08-08
    listed $159,900
45. 2001-08-31
    soldstatus $74,100
46. 2001-07-30
    soldstatus $74,100
47. 2001-06-13
    historical
48. 2001-02-14
    listed $74,000
49. 1985-09-08
    soldstatus $52,000

ⓘ 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: $2,176 · $181/mo
• Projected year-2 tax: $3,763 · $314/mo
• Expected delta: +$1,588/yr (+$132/mo · 73.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 79% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,986
• − Mortgage interest: −$12,038
• − Property taxes: −$2,176
• − Insurance: −$1,074
• − Repairs & maintenance: −$2,479
• − Management: −$2,479
• − Depreciation: −$6,252
• Taxable income: $4,489
• Est. tax owed @ 24.0%: −$1,077
• After-tax cash flow: $6,628/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: Weymouth Township School District
• NCES district ID: 3417850
• Math proficiency: 50% ▲ 5.00%
• Reading proficiency: 55% ▲ 10.00%
• Median HH income: $54,908
• Composite: 47.23/100
• National rank: #5081
• State rank: #351 of 612 in NJ

Livability — Estell Manor

• Score: 64/100
• State rank: #414
• US rank: #14535

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Atlantic County · 143,611 people
• City population: 1,269
• Metro: Atlantic City-Hammonton, NJ
• Population (ZIP): 29,972
• Household income: $77,167
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 1003.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 58% Hispanic / Latino 16% Black 14% Two or more races 13% Asian 4%
• Hispanic origin (detail): Puerto Rican 7% Dominican 4%
• Common ancestry: Romanian 3% Italian 2% Lithuanian 1%
• Foreign-born: 9% · Canada, Vietnam, Guatemala
• Languages at home: 84% English-only · Spanish 10% Tagalog/Filipino 1% Other Indo-European 1%

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: ▲ 11.58%
• Current HPI: 308.5148
• Rent YoY: —
• Metro: Atlantic City-Hammonton, 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

+313.3% since first listed

32 events — show timeline

• 2026-04-19 Contingent — SJSRMLS
• 2026-01-09 Price Changed $214,900 SJSRMLS
• 2026-01-06 Price Changed $219,900 SJSRMLS
• 2025-12-22 Price Changed $214,900 SJSRMLS
• 2025-09-23 Listed $219,900 SJSRMLS
• 2025-05-28 Sold (Public Records) $150,000 Public Records
• 2025-04-17 Sold (MLS) $150,000 SJSRMLS
• 2025-03-19 Contingent — SJSRMLS
• 2025-02-22 Listed $179,000 SJSRMLS
• 2020-11-21 Listing Removed — BRIGHT MLS
• 2020-11-11 Listing Removed — SJSRMLS
• 2020-09-09 Price Changed $105,000 SJSRMLS
• 2020-09-08 Listed $105,000 BRIGHT MLS
• 2020-08-14 Price Changed $113,900 SJSRMLS
• 2020-07-27 Listed $123,900 SJSRMLS
• 2019-02-06 Sold (MLS) $34,000 SJSRMLS
• 2019-01-18 Contingent — SJSRMLS
• 2019-01-12 Price Changed $34,000 SJSRMLS
• 2018-12-08 Price Changed $45,000 SJSRMLS
• 2018-11-30 Relisted — SJSRMLS
• 2018-10-24 Contingent — SJSRMLS
• 2018-09-27 Price Changed $54,900 SJSRMLS
• 2018-08-24 Listed $59,900 SJSRMLS
• 2005-10-27 Sold (Public Records) $158,000 Public Records
• 2005-10-17 Sold (MLS) $158,000 SJSRMLS
• 2005-08-19 Listing Removed — SJSRMLS
• 2005-08-08 Listed $159,900 SJSRMLS
• 2001-08-31 Sold (Public Records) $74,100 Public Records
• 2001-07-30 Sold (MLS) $74,100 SJSRMLS
• 2001-06-13 Listing Removed — SJSRMLS
• 2001-02-14 Listed $74,000 SJSRMLS
• 1985-09-08 Sold (Public Records) $52,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $2,176 · +12.8% YoY. Source: county tax records.