12 Colwick Dr Dr · Somers Point, NJ 08244

$430,000

3 bd · 2.0 ba · 1,174 sqft · SingleFamily public records · 190 Days on market

Built 1965 Est $389k · 11% over

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Why this score? — see what drove the F 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).

• Livability +3.4/5.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +2.0/30.0
• Schools +1.9/10.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

Key facts

• Attached garage
• Recently renovated
• Corner lot

Tags

• CORNER LOT
• RECENTLY RENOVATED
• EFFICIENT EAT IN KITCHEN
• BEAUTIFULLY LANDSCAPED
• ATTACHED GARAGE
• CLOSE TO SHORE AMENITIES

Property features AI

Exterior

• Parking: Attached garage with garage door opener; Driveway parking; 1 garage parking space (1 total garage/parking space)
• Utilities: Public water; Public sewer; Heating fuel: Natural gas and electric (for cooling); Cooling fuel: Natural gas and electric
• Home design: Detached single-family home; Above-grade and below-grade structures noted
• Construction: Frame construction; Crawl space foundation; Year built recorded by assessor
• Exterior features: Corner lot (lot dimensions: 98 x 80); Not in a federal flood zone; Ground rent paid annually

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: 90% forced air heating (natural gas); Central heating; Central air conditioning; Hot water supplied by a tankless system
• Interior features: Not furnished; No basement; Finished above-grade living area according to assessor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $430k.

Deal economics

• At list price, monthly cash flow is $-2k ($-19k/yr) — negative.
• To cash-flow at today's rent, offer at most $161k (62.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (55.2% below list).
• Recommended offer: $161k (62.6% below list) — sets the bar for cash-flow.
• Cap rate 1.9% vs local median 2.8% in Somers Point — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 68/100 on livability (#314 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: crime C-, cost of living D, schools D-.
• Somers Point School District (suburban): math 9% / reading 33% proficiency, ranked #423 of 472 in NJ (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 99 active listings in the ZIP; 2 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 $3k of loan paydown is wiped out by about $13k 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 190 days — a 12% lower offer ($378k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $38k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $360k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,790 (62.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 63% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.45% ✗
• Cap rate: 1.88%
• Cash-on-cash: -15.76%
• DSCR: 0.30
• GRM: 18.6

CMA / ARV

• ARV (on-the-fly): $388,594
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13 Gulph Mill Rd	0.40mi	3/2.0	1,204 (+3%)	2mo	$528,171	$439	76
205 Bala Dr	0.16mi	3/2.0	1,114 (-5%)	17mo	$440,000	$395	69
125 S Ambler Rd	0.18mi	2/1.0 (-1)	1,206 (+3%)	14mo	$340,000	$282	66
44 W Laurel Dr	0.11mi	3/1.0	1,064 (-9%)	16mo	$276,500	$260	62
14 Rutgers Rd Rd	0.58mi	2/1.5 (-1)	1,203 (+2%)	1mo	$398,000	$331	61
24 Haddon Rd	0.37mi	3/3.0	1,246 (+6%)	10mo	$495,000	$397	60
657 Fifth St	0.49mi	3/1.5	1,280 (+9%)	4mo	$362,000	$283	57
123 Pennsylvania Ave	0.71mi	2/2.0 (-1)	1,147 (-2%)	2mo	$435,000	$379	56
1411 Massachusetts Ave	0.46mi	3/1.5	1,279 (+9%)	7mo	$380,000	$297	55
612 6th St	0.48mi	3/1.5	1,116 (-5%)	20mo	$499,900	$448	51
649 4th St	0.56mi	3/1.5	1,281 (+9%)	8mo	$360,000	$281	50

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: -46.9%
• Equity multiple: -0.41×
• Total profit: $-170,306
• Equity at exit: $64,114

10-year hold

• IRR: -88.1%
• Equity multiple: -1.31×
• Total profit: $-277,568
• Equity at exit: $37,179

Cash invested: $120,400 (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 08244

• Active inventory: 99
• Price-to-rent: 18.6×

Monthly cashflow live

• Estimated rent: $1,927 medium
• Mortgage (P&I): −$2,255
• Tax from tax record: −$670 /mo · $8,040/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-1,582

Break-even live

Break-even rent $3,929

Max offer price $160,790

Occupancy floor —

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: $107,500
• Closing costs: $12,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
222 W Groveland Ave Somers Point, NJ	1.0–2.0	1.0	779	$1,950	$2.50	21d	1	0.66mi
40 Chapman Blvd Somers Point, NJ	1.0–2.0	1.0	765	$1,900	$2.48	21d	10	0.76mi

Listing history 33 events

1. 2026-06-18
   days on market $430,000 Under Contract 190 DOM
2. 2026-06-17
   days on market $430,000 Under Contract 189 DOM
3. 2026-06-16
   days on market $430,000 Under Contract 188 DOM
4. 2026-06-15
   days on market $430,000 Under Contract 187 DOM
5. 2026-06-13
   days on market $430,000 Under Contract 185 DOM
6. 2026-06-12
   days on market $430,000 Under Contract 184 DOM
7. 2026-06-09
   days on market $430,000 Under Contract 181 DOM
8. 2026-06-08
   days on market $430,000 Under Contract 180 DOM
9. 2026-06-07
   days on market $430,000 Under Contract 179 DOM
10. 2026-06-07
    days on market $430,000 Under Contract 178 DOM
11. 2026-06-04
    days on market $430,000 Under Contract 175 DOM
12. 2026-06-02
    days on market $430,000 Under Contract 174 DOM
13. 2026-06-01
    pricestatusdays on marketlisting id $430,000 Under Contract 173 DOM
14. 2026-05-31
    days on market $467,900 Active 164 DOM
15. 2026-05-14
    historical Under Contract 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

16. 2026-04-23
    price $430,000 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

17. 2026-04-22
    price $450,000 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

18. 2026-04-22
    price $457,000 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

19. 2026-04-10
    price $450,000 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

20. 2026-03-18
    price $457,000 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

21. 2026-02-19
    price $457,900 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

22. 2025-12-18
    listed $467,900 Active
23. 2025-12-10
    listed $467,900 Active 758-char remark

    Show marketing remark (758 chars)

    Charming 3BR/2BA Rancher on a Prime Corner Lot in Somers Point! Don’t miss this opportunity to own this move-in rancher in one of Somers Point’s most desirable locations! This 3-bedroom, 2-bath home features a comfortable living area, an efficient eat in kitchen, and generously sized bedrooms. The primary suite includes its own full bath for added convenience. This property,  ideally situated on a beautifully landscaped corner lot and includes an attached garage providing ample storage and parking.   Perfectly located close to all shore amenities—beaches, marinas, dining, shopping, and major routes—this home offers both comfort and convenience. A wonderful opportunity for year-round living or a shore retreat!

24. 2023-10-31
    soldstatus $360,000
25. 2023-10-16
    soldstatus $360,000 Closed 652-char remark

    Show marketing remark (652 chars)

    The Shore starts here with this totally renovated 3bd 2ba rancher with garage in prime Somers Point location, conveniently located close to GSP , schools, dining, shopping, and just minutes from Ocean City. This home has been giving a second life, featuring a total makeover inside and out. outside new siding, roofand windows, inside new Heat/AC, efficient tankless water heater. All new electrical, and plumbing and fixtures. Sporting a new kitchen withgranite countertop, stainless steel appliances, and room to expand. Release your decorative talents on this move in condition home. Perfect forshore home or year round living. Bring your offer in!!

26. 2023-10-16
    soldstatus $360,000 Sold

    Show marketing remark (652 chars)

    The Shore starts here with this totally renovated 3bd 2ba rancher with garage in prime Somers Point location, conveniently located close to GSP , schools, dining, shopping, and just minutes from Ocean City. This home has been giving a second life, featuring a total makeover inside and out. outside new siding, roofand windows, inside new Heat/AC, efficient tankless water heater. All new electrical, and plumbing and fixtures. Sporting a new kitchen withgranite countertop, stainless steel appliances, and room to expand. Release your decorative talents on this move in condition home. Perfect forshore home or year round living. Bring your offer in!!

27. 2023-10-11
    historical Under Contract
28. 2023-08-25
    listed $370,000 Active 652-char remark

    Show marketing remark (652 chars)

    The Shore starts here with this totally renovated 3bd 2ba rancher with garage in prime Somers Point location, conveniently located close to GSP , schools, dining, shopping, and just minutes from Ocean City. This home has been giving a second life, featuring a total makeover inside and out. outside new siding, roofand windows, inside new Heat/AC, efficient tankless water heater. All new electrical, and plumbing and fixtures. Sporting a new kitchen withgranite countertop, stainless steel appliances, and room to expand. Release your decorative talents on this move in condition home. Perfect forshore home or year round living. Bring your offer in!!

29. 2023-08-25
    price $370,000

    Show marketing remark (652 chars)

    The Shore starts here with this totally renovated 3bd 2ba rancher with garage in prime Somers Point location, conveniently located close to GSP , schools, dining, shopping, and just minutes from Ocean City. This home has been giving a second life, featuring a total makeover inside and out. outside new siding, roofand windows, inside new Heat/AC, efficient tankless water heater. All new electrical, and plumbing and fixtures. Sporting a new kitchen withgranite countertop, stainless steel appliances, and room to expand. Release your decorative talents on this move in condition home. Perfect forshore home or year round living. Bring your offer in!!

30. 2023-08-03
    status Active
31. 2023-07-29
    historical Under Contract
32. 2023-07-26
    listed $390,000 Active
33. 2022-12-12
    soldstatus $160,000

ⓘ 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: $8,040 · $670/mo
• Projected year-2 tax: $9,373 · $781/mo
• Expected delta: +$1,334/yr (+$111/mo · 16.6%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,125
• − Mortgage interest: −$24,087
• − Property taxes: −$8,040
• − Insurance: −$2,150
• − Repairs & maintenance: −$1,850
• − Management: −$1,850
• − Depreciation: −$12,509
• Taxable loss: −$27,360
• Est. tax savings @ 24.0%: +$6,566
• After-tax cash flow: $-12,414/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: Somers Point School District
• NCES district ID: 3415030
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $50,191
• Composite: 18.66/100
• National rank: #8889
• State rank: #423 of 472 in NJ

Livability — Somers Point

• Score: 68/100
• State rank: #314
• US rank: #9650

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Somers Point, NJ
• City population: 10,611
• Population (ZIP): 10,611

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 15% Two or more races 11% Black 9% Asian 4%
• Hispanic origin (detail): Mexican 10% Puerto Rican 3%
• Common ancestry: Romanian 3% Iranian 2% Slovak 2%
• Foreign-born: 12% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 8% Chinese 3% Other Indo-European 2%

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: ▼ -340.51%
• Current HPI: 377.2289
• 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

+168.8% since first listed

19 events — show timeline

• 2026-05-14 Contingent — SJSRMLS
• 2026-04-23 Price Changed $430,000 SJSRMLS
• 2026-04-22 Price Changed $450,000 SJSRMLS
• 2026-04-22 Price Changed $457,000 SJSRMLS
• 2026-04-10 Price Changed $450,000 SJSRMLS
• 2026-03-18 Price Changed $457,000 SJSRMLS
• 2026-02-19 Price Changed $457,900 SJSRMLS
• 2025-12-18 Listed $467,900 BRIGHT MLS
• 2025-12-10 Listed $467,900 SJSRMLS
• 2023-10-31 Sold (Public Records) $360,000 Public Records
• 2023-10-16 Sold (MLS) $360,000 SJSRMLS
• 2023-10-16 Sold (MLS) $360,000 BRIGHT MLS
• 2023-10-11 Contingent — SJSRMLS
• 2023-08-25 Listed $370,000 BRIGHT MLS
• 2023-08-25 Price Changed $370,000 SJSRMLS
• 2023-08-03 Relisted — SJSRMLS
• 2023-07-29 Contingent — SJSRMLS
• 2023-07-26 Listed $390,000 SJSRMLS
• 2022-12-12 Sold (Public Records) $160,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $8,040 · +4.1% YoY. Source: county tax records.