3069 S Chesapeake Rd · Camden, NJ 08104

$199,900

4 bd · None ba · 1,088 sqft · SingleFamily public records · 62 Days on market

Built 1925 2,108 sqft lot Est $248k · 19% under

---

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 +16.5/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• 1% rule +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a lovely, well maintained solid Brick 3BR/1 Bath End unit on the corner of Collins & South Chesapeake. This home has been very well maintained and features Stunning HARDWOOD floors through-out, a formal dining room and Living Room on the main level. The second floor has 3 BR's with plenty of closet space. The basement is clean, has a washer & dryer, plenty of space for storage and a gas forced air heating system. The yard is fully fenced in. All appliances are staying. The house has been freshly painted. There's really not much to do here but move your personal belongings in.

Key facts

• Built 1925
• Listed 62 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; 100 amp electric service; Natural gas hot water; Municipal trash collection
• Home design: End-of-row townhouse; Fee simple ownership; Property in very good condition
• Construction: Brick construction; Concrete perimeter foundation; Building not winterized
• Exterior features: Sidewalks; Street lights; Fully fenced yard; Corner lot with front and side yards

Interior

• Kitchen: Galley-style kitchen
• Bedrooms: Three bedrooms on the upper level; One bedroom on the main level
• Flooring: Hardwood floors
• Heating & cooling: Forced air heating (natural gas); Wall air-conditioning unit (electric)
• Interior features: Ceiling fans; Eat-in kitchen; Traditional floor plan; Tub with shower; Wood floors
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 4-bed/?-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $117 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (9.2% below list).
• Recommended offer: $182k (9.2% below list) — sets the bar for 1% rule.

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: schools F, crime F, employment F.
• Camden City School District (urban): math 3% / reading 16% proficiency, ranked #472 of 472 in NJ (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 86% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 97 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $73k; list at $200k implies a 174% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 38% 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 $181,534 (9.2% 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 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. 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?
6. 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?
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: 0.91% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.51%
• DSCR: 1.11
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $248,064
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1504 Minnesota Rd	0.17mi	3/1.0 (-1)	1,145 (+5%)	17mo	$155,000	$135	64
130 Yale Ave	0.40mi	3/1.0 (-1)	1,072 (-2%)	14mo	$265,000	$247	62
2894 Tuckahoe Rd	0.33mi	3/1.0 (-1)	1,000 (-8%)	10mo	$99,000	$99	57
607 N Johnson Blvd	0.67mi	3/1.0 (-1)	1,098 (+1%)	7mo	$250,000	$228	57
304 Marlborough Ave	0.69mi	3/1.0 (-1)	1,092 (+0%)	13mo	$385,000	$353	51
2996 N Congress Rd	0.27mi	4/1.5	1,236 (+14%)	19mo	$243,000	$197	49
24 Rutgers Ave	0.65mi	3/1.0 (-1)	1,092 (+0%)	21mo	$245,000	$224	47
315 Nicholson Rd	0.74mi	3/1.0 (-1)	1,220 (+12%)	18mo	$290,000	$238	25

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: -12.3%
• Equity multiple: 0.55×
• Total profit: $-24,936
• Equity at exit: $29,806

10-year hold

• IRR: -3.2%
• Equity multiple: 0.78×
• Total profit: $-12,148
• Equity at exit: $17,284

Cash invested: $55,972 (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 08104

• Active inventory: 97
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,815 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$185 /mo · $2,223/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $117

Break-even live

Break-even rent $1,667

Max offer price $199,900

Occupancy floor 89%

Sensitivity live

Price	-10% $230	-5% $174	+0% $117	+5% $61	+10% $4
Rent	-10% $-26	-5% $46	+0% $117	+5% $189	+10% $261
Rate	-1.0pp $218	-0.5pp $168	base $117	+0.5pp $65	+1.0pp $13

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2892 N Constitution Rd Camden, NJ	3.0	1.0	1040	$2,000	$1.92	25d	1	0.15mi
3132 Independence Rd Camden, NJ	3.0	1.5	1168	$1,595	$1.37	23d	1	0.19mi
1021 Monitor Rd Camden, NJ	3.0	1.0	1012	$1,710	$1.69	25d	1	0.25mi
2829 Idaho Rd Camden, NJ	3.0	1.5	1048	$1,700	$1.62	25d	1	0.28mi
1063 S Merrimac Rd Camden, NJ	4.0	1.0	1024	$1,900	$1.86	25d	1	0.29mi
534 Bergen St Gloucester City, NJ	3.0	1.0	1246	$2,000	$1.61	19d	1	1.00mi
334 Middlesex St Gloucester City, NJ	3.0	1.0	896	$1,800	$2.01	25d	1	1.02mi
227 S Broadway Gloucester City, NJ	3.0	1.0	1123	$1,775	$1.58	25d	1	1.27mi
602 Powell St Gloucester City, NJ	3.0	1.0	1170	$1,850	$1.58	25d	1	1.28mi
412 White Horse Pike Unit C Oaklyn, NJ	4.0	1.0	1000	$1,900	$1.90	25d	1	1.33mi
604 Hunter St Gloucester City, NJ	3.0	1.0	1066	$1,900	$1.78	5d	1	1.34mi
231 3rd St Gloucester City, NJ	3.0	2.0	1376	$2,150	$1.56	25d	1	1.39mi

Listing history 14 events

1. 2026-05-08
   status Pending
2. 2026-05-04
   historical Active Under Contract
3. 2026-04-23
   status Active
4. 2026-02-12
   status Pending
5. 2026-02-09
   historical Active Under Contract
6. 2026-01-09
   status Active
7. 2026-01-01
   status Pending
8. 2025-12-16
   historical Active Under Contract
9. 2025-11-25
   listed $199,900 Active
10. 2019-02-20
    soldstatus $73,000
11. 2018-12-21
    soldstatus $73,000 Closed 602-char remark

    Show marketing remark (602 chars)

    This is a lovely, well maintained solid Brick 3BR/1 Bath End unit on the corner of Collins & South Chesapeake. This home has been very well maintained and features Stunning HARDWOOD floors through-out, a formal dining room and Living Room on the main level. The second floor has 3 BR's with plenty of closet space. The basement is clean, has a washer & dryer, plenty of space for storage and a gas forced air heating system. The yard is fully fenced in. All appliances are staying. The house has been freshly painted. There's really not much to do here but move your personal belongings in.

12. 2018-11-28
    status Pending 602-char remark

    Show marketing remark (602 chars)

    This is a lovely, well maintained solid Brick 3BR/1 Bath End unit on the corner of Collins & South Chesapeake. This home has been very well maintained and features Stunning HARDWOOD floors through-out, a formal dining room and Living Room on the main level. The second floor has 3 BR's with plenty of closet space. The basement is clean, has a washer & dryer, plenty of space for storage and a gas forced air heating system. The yard is fully fenced in. All appliances are staying. The house has been freshly painted. There's really not much to do here but move your personal belongings in.

13. 2018-11-12
    historical Active Under Contract 602-char remark

    Show marketing remark (602 chars)

    This is a lovely, well maintained solid Brick 3BR/1 Bath End unit on the corner of Collins & South Chesapeake. This home has been very well maintained and features Stunning HARDWOOD floors through-out, a formal dining room and Living Room on the main level. The second floor has 3 BR's with plenty of closet space. The basement is clean, has a washer & dryer, plenty of space for storage and a gas forced air heating system. The yard is fully fenced in. All appliances are staying. The house has been freshly painted. There's really not much to do here but move your personal belongings in.

14. 2018-10-07
    listed $79,900 Active 602-char remark

    Show marketing remark (602 chars)

    This is a lovely, well maintained solid Brick 3BR/1 Bath End unit on the corner of Collins & South Chesapeake. This home has been very well maintained and features Stunning HARDWOOD floors through-out, a formal dining room and Living Room on the main level. The second floor has 3 BR's with plenty of closet space. The basement is clean, has a washer & dryer, plenty of space for storage and a gas forced air heating system. The yard is fully fenced in. All appliances are staying. The house has been freshly painted. There's really not much to do here but move your personal belongings in.

ⓘ 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: $2,223 · $185/mo
• Projected year-2 tax: $3,600 · $300/mo
• Expected delta: +$1,377/yr (+$115/mo · 61.9%)

ⓘ 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) · 54% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 38% 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: $21,784
• − Mortgage interest: −$11,198
• − Property taxes: −$2,223
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,743
• − Management: −$1,743
• − Depreciation: −$5,815
• Taxable loss: −$1,937
• Est. tax savings @ 24.0%: +$465
• After-tax cash flow: $1,872/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: Camden City School District
• NCES district ID: 3402640
• Math proficiency: 3% ▼ -6.00%
• Reading proficiency: 16% ▬ 0.00%
• Median HH income: $25,845
• Composite: 6.85/100
• National rank: #9981
• State rank: #472 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

• Census place: Camden, NJ
• City population: 20,865
• Population (ZIP): 21,508

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 0.56)
• Race & ethnicity: Black 53% Hispanic / Latino 40% Two or more races 9% White 2% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 22% Cuban 2% Dominican 9%
• Common ancestry: Hispanic 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 69% English-only · Spanish 29% Vietnamese 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: ▼ -123.43%
• Current HPI: 209.3596
• 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

+150.2% since first listed

14 events — show timeline

• 2026-05-08 Pending — BRIGHT MLS
• 2026-05-04 Contingent — BRIGHT MLS
• 2026-04-23 Relisted — BRIGHT MLS
• 2026-02-12 Pending — BRIGHT MLS
• 2026-02-09 Contingent — BRIGHT MLS
• 2026-01-09 Relisted — BRIGHT MLS
• 2026-01-01 Pending — BRIGHT MLS
• 2025-12-16 Contingent — BRIGHT MLS
• 2025-11-25 Listed $199,900 BRIGHT MLS
• 2019-02-20 Sold (Public Records) $73,000 Public Records
• 2018-12-21 Sold (MLS) $73,000 BRIGHT MLS
• 2018-11-28 Pending — BRIGHT MLS
• 2018-11-12 Contingent — BRIGHT MLS
• 2018-10-07 Listed $79,900 BRIGHT MLS

Property tax history

+1.6%/yr

Latest (2025): $2,223 · +4.1% YoY. Source: county tax records.