4191 Lake Road #40 · Vineland, NJ 08344

$99,000

2 bd · 2.0 ba · 780 sqft · Manufactured · 51 Days on market

Built 1978

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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 +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.6/10.0

Listing remarks MLS

Affordable housing at its best. . Yes this 2 bedroom home is ideal for affordable housing. The home is located in the Lake Acres in Newfield NJ. The property is sitting in the back of the development with a private driveway for 2 cars. The home will be sold in AS IS condition and is easy to show. ..

Key facts

• Renovated
• Redone roof
• New kitchen cabinets

Tags

• RENOVATED
• NEW LVP FLOORING
• REDONE ROOF
• NEW KITCHEN CABINETS
• NEW COUNTERTOPS
• REFRESHED BATHROOM VANITIES

Property features AI

Finance

• Other: Ownership is land lease
• Financial info: Land lease remaining: 99 years; Land lease amount: $895 monthly; Income/expense note: Annual ground rent

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric hot water; Natural gas available
• Home design: Manufactured home; Single wide; Vinyl siding
• Construction: Vinyl siding construction; Above-grade structure
• Exterior features: Ground rent exists with monthly land lease ($895/month); Ground rent paid annually

Interior

• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 2 full bathrooms (including 2 full on main level)
• Heating & cooling: 90% forced air heating; Natural gas heating; Central air conditioning (natural gas cooled); Electric hot water
• Interior features: Estimated living area; No basement; Two or more access exits

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 4.5% in Vineland — 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 66/100 on livability (#363 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: employment D+, schools D, crime F.
• Vineland Public School District (urban): math 9% / reading 34% proficiency, ranked #418 of 472 in NJ (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 28 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Cumberland County population projected to shrink 7% 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 $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 17 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 $30k; list at $99k implies a 230% gain — meaningful room to come down on a strong offer.

Recommended offer $96,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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: 1.25% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.82%
• DSCR: 1.57
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $35,100
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4111 N Delsea Dr #11	0.25mi	2/1.0	672 (-14%)	7mo	$30,000	$45	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.10×
• Total profit: $2,842
• Equity at exit: $14,761

10-year hold

• IRR: 12.2%
• Equity multiple: 1.97×
• Total profit: $26,843
• Equity at exit: $8,560

Cash invested: $27,720 (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 08344

• Home prices YoY: -3.0%
• Active inventory: 28
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,241 medium
• Mortgage (P&I): −$519
• Tax est. 1.5%: −$124 /mo · $1,485/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $296

Break-even live

Break-even rent $866

Max offer price $99,000

Occupancy floor 71%

Sensitivity live

Price	-10% $365	-5% $330	+0% $296	+5% $262	+10% $228
Rent	-10% $198	-5% $247	+0% $296	+5% $345	+10% $394
Rate	-1.0pp $346	-0.5pp $321	base $296	+0.5pp $271	+1.0pp $244

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-21
   days on market $99,000 Active 51 DOM
2. 2026-06-19
   days on market $99,000 Active 49 DOM
3. 2026-06-18
   days on market $99,000 Active 48 DOM
4. 2026-06-17
   days on market $99,000 Active 47 DOM
5. 2026-06-16
   days on market $99,000 Active 46 DOM
6. 2026-06-15
   days on market $99,000 Active 45 DOM
7. 2026-06-14
   days on market $99,000 Active 43 DOM
8. 2026-06-13
   days on market $99,000 Active 42 DOM
9. 2026-06-10
   days on market $99,000 Active 40 DOM
10. 2026-06-09
    days on market $99,000 Active 39 DOM
11. 2026-06-08
    days on market $99,000 Active 38 DOM
12. 2026-06-07
    days on market $99,000 Active 37 DOM
13. 2026-06-03
    days on market $99,000 Active 33 DOM
14. 2026-06-02
    days on market $99,000 Active 32 DOM
15. 2026-06-01
    days on market $99,000 Active 31 DOM
16. 2026-05-31
    days on market $99,000 Active 30 DOM
17. 2026-05-30
    days on market $99,000 Active 29 DOM
18. 2026-05-08
    soldstatus $30,000 Closed 300-char remark

    Show marketing remark (300 chars)

    Affordable housing at its best. . Yes this 2 bedroom home is ideal for affordable housing. The home is located in the Lake Acres in Newfield NJ. The property is sitting in the back of the development with a private driveway for 2 cars. The home will be sold in AS IS condition and is easy to show. ..

19. 2026-05-01
    listed $99,000 Active
20. 2026-04-28
    status Pending 300-char remark

    Show marketing remark (300 chars)

    Affordable housing at its best. . Yes this 2 bedroom home is ideal for affordable housing. The home is located in the Lake Acres in Newfield NJ. The property is sitting in the back of the development with a private driveway for 2 cars. The home will be sold in AS IS condition and is easy to show. ..

21. 2026-04-23
    listed $29,900 Active 300-char remark

    Show marketing remark (300 chars)

    Affordable housing at its best. . Yes this 2 bedroom home is ideal for affordable housing. The home is located in the Lake Acres in Newfield NJ. The property is sitting in the back of the development with a private driveway for 2 cars. The home will be sold in AS IS condition and is easy to show. ..

22. 2024-11-27
    soldstatus $108,511 Closed 487-char remark

    Show marketing remark (487 chars)

    This charming 3-bedroom, 2-bath home has an open-concept floor plan that overlooks a serene natural setting. Lake Acres offers generous-sized homes and spacious properties, ideal for retirement or raising a family. The community boasts 24-hour onsite maintenance services, laundry facilities, and a vibrant social scene with frequent cultural events that foster a sense of community and connection among its residents. Must complete a community application and be approved for residency.

23. 2024-10-28
    status Pending 487-char remark

    Show marketing remark (487 chars)

    This charming 3-bedroom, 2-bath home has an open-concept floor plan that overlooks a serene natural setting. Lake Acres offers generous-sized homes and spacious properties, ideal for retirement or raising a family. The community boasts 24-hour onsite maintenance services, laundry facilities, and a vibrant social scene with frequent cultural events that foster a sense of community and connection among its residents. Must complete a community application and be approved for residency.

24. 2024-10-09
    listed $109,900 Active 487-char remark

    Show marketing remark (487 chars)

    This charming 3-bedroom, 2-bath home has an open-concept floor plan that overlooks a serene natural setting. Lake Acres offers generous-sized homes and spacious properties, ideal for retirement or raising a family. The community boasts 24-hour onsite maintenance services, laundry facilities, and a vibrant social scene with frequent cultural events that foster a sense of community and connection among its residents. Must complete a community application and be approved for residency.

25. 2024-08-31
    historical
26. 2024-08-06
    price $109,900
27. 2024-05-17
    listed $119,900 Active
28. 2023-10-02
    soldstatus $95,000 Closed
29. 2023-08-30
    status Pending
30. 2023-08-01
    listed $94,900 Active
31. 2023-06-29
    historical $94,900
32. 2017-02-15
    soldstatus $20,000 Sold
33. 2017-02-15
    soldstatus $20,000
34. 2017-02-05
    historical
35. 2016-08-04
    listed $29,900 Active
36. 2016-08-04
    listed
37. 2013-09-01
    historical
38. 2013-08-31
    historical
39. 2013-07-18
    listed $29,500
40. 2013-02-15
    listed $29,500
41. 2012-12-16
    soldstatus $22,000
42. 2012-12-14
    historical
43. 2012-09-11
    listed $25,000
44. 2011-09-12
    soldstatus $25,000
45. 2011-08-12
    historical
46. 2011-07-20
    listed $25,000
47. 2009-05-22
    historical
48. 2008-11-23
    listed $42,500
49. 2005-10-19
    soldstatus $16,750
50. 2005-09-20
    historical

ⓘ 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: $14,892
• − Mortgage interest: −$5,546
• − Property taxes: −$1,485
• − Insurance: −$495
• − Repairs & maintenance: −$1,191
• − Management: −$1,191
• − Depreciation: −$2,880
• Taxable income: $2,104
• Est. tax owed @ 24.0%: −$505
• After-tax cash flow: $3,050/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: Vineland Public School District
• NCES district ID: 3416800
• Math proficiency: 9% ▼ -17.00%
• Reading proficiency: 34% ▬ 0.00%
• Median HH income: $51,168
• Composite: 19.17/100
• National rank: #8819
• State rank: #418 of 472 in NJ

Livability — Vineland

• Score: 66/100
• State rank: #363
• US rank: #12180

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vineland, NJ
• City population: 45,038
• Population (ZIP): 5,296

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 22% Black 7% Two or more races 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 10% Cuban 4% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 3% Subsaharan African 1%
• Foreign-born: 2% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -8.89%
• Current HPI: 288.38
• 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

+67.6% since first listed

44 events — show timeline

• 2026-05-08 Sold (MLS) $30,000 BRIGHT MLS
• 2026-05-01 Listed $99,000 BRIGHT MLS
• 2026-04-28 Pending — BRIGHT MLS
• 2026-04-23 Listed $29,900 BRIGHT MLS
• 2024-11-27 Sold (MLS) $108,511 BRIGHT MLS
• 2024-10-28 Pending — BRIGHT MLS
• 2024-10-09 Listed $109,900 BRIGHT MLS
• 2024-08-31 Listing Removed — BRIGHT MLS
• 2024-08-06 Price Changed $109,900 BRIGHT MLS
• 2024-05-17 Listed $119,900 BRIGHT MLS
• 2023-10-02 Sold (MLS) $95,000 BRIGHT MLS
• 2023-08-30 Pending — BRIGHT MLS
• 2023-08-01 Listed $94,900 BRIGHT MLS
• 2023-06-29 Coming Soon $94,900 BRIGHT MLS
• 2017-02-15 Sold (MLS) $20,000 TREND
• 2017-02-15 Sold (MLS) $20,000 SJSRMLS
• 2017-02-05 Listing Removed — SJSRMLS
• 2016-08-04 Listed $29,900 SJSRMLS
• 2016-08-04 Listed — TREND
• 2013-09-01 Listing Removed — SJSRMLS
• 2013-08-31 Listing Removed — BRIGHT MLS
• 2013-07-18 Listed $29,500 BRIGHT MLS
• 2013-02-15 Listed $29,500 SJSRMLS
• 2012-12-16 Sold (MLS) $22,000 BRIGHT MLS
• 2012-12-14 Listing Removed — BRIGHT MLS
• 2012-09-11 Listed $25,000 BRIGHT MLS
• 2011-09-12 Sold (MLS) $25,000 BRIGHT MLS
• 2011-08-12 Listing Removed — BRIGHT MLS
• 2011-07-20 Listed $25,000 BRIGHT MLS
• 2009-05-22 Listing Removed — BRIGHT MLS
• 2008-11-23 Listed $42,500 BRIGHT MLS
• 2005-10-19 Sold (MLS) $16,750 SJSRMLS
• 2005-09-20 Listing Removed — SJSRMLS
• 2005-06-24 Sold (MLS) $15,500 BRIGHT MLS
• 2005-06-10 Listing Removed — BRIGHT MLS
• 2005-03-14 Listed $16,750 SJSRMLS
• 2005-02-03 Listed $15,500 BRIGHT MLS
• 2004-12-13 Listing Removed — BRIGHT MLS
• 2004-09-13 Listed $40,000 BRIGHT MLS
• 2003-07-01 Listing Removed — BRIGHT MLS
• 2003-07-01 Listed $19,500 BRIGHT MLS
• 2002-06-28 Sold (MLS) $17,100 SJSRMLS
• 2002-04-30 Listing Removed — SJSRMLS
• 2001-12-07 Listed $17,900 SJSRMLS