140 Joy St · Gloucester City, NJ 08030

$110,000

3 bd · 1.0 ba · 1,028 sqft · SingleFamily public records · 22 Days on market

Built 1900 871 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home. Cheaper than rent. Owner is getting cosmetics done. End of June settlement.

Key facts

• Built 1900
• Listed 22 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric cooling fuel; Natural gas for heating and hot water
• Home design: Interior townhouse/rowhouse; Ownership: Fee simple
• Construction: Block foundation; Construction materials: Brick; Year built: estimated
• Exterior features: Brick exterior

Interior

• Kitchen: Kitchen (appliances not specified)
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Window air conditioning units (electric)
• Interior features: Full basement
• Laundry & utility: Hot water provided by natural gas

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $658 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 5.5% in Gloucester City — 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 72/100 on livability (#215 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+; Watch: amenities F, commute F.
• Gloucester City Public School District (suburban): math 11% / reading 34% proficiency, ranked #413 of 472 in NJ (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 90 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).
• This rent runs 38% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y 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 $72k; list at $110k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 40% 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 $108,350 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.81% ✓
• Cap rate: 13.48%
• Cash-on-cash: 25.65%
• DSCR: 2.14
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $230,272
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
328 Jersey Ave	0.29mi	2/1.0 (-1)	1,038 (+1%)	4mo	$170,000	$164	76
248 S Broadway	0.20mi	2/1.0 (-1)	972 (-5%)	13mo	$102,000	$105	66
111 N Sussex St	0.33mi	2/1.5 (-1)	1,088 (+6%)	6mo	$222,000	$204	63
602 Division St	0.20mi	2/1.0 (-1)	910 (-12%)	9mo	$199,900	$220	59
122 Barnaby Ave	0.51mi	3/1.0	1,034 (+1%)	20mo	$295,000	$285	58
607 N Johnson Blvd	0.56mi	3/1.0	1,098 (+7%)	7mo	$250,000	$228	57
805 Mercer St	0.42mi	4/1.0 (+1)	1,002 (-2%)	17mo	$195,000	$195	57
333 Mercer St	0.40mi	2/1.0 (-1)	928 (-10%)	17mo	$215,000	$232	46
24 Rutgers Ave	0.64mi	3/1.0	1,092 (+6%)	21mo	$245,000	$224	42
20 E Thompson Ave	0.57mi	3/1.0	1,170 (+14%)	12mo	$290,000	$248	40
505 Nicholson Rd	0.62mi	2/1.0 (-1)	924 (-10%)	14mo	$176,500	$191	38
11 N Stinson Ave	0.48mi	2/1.0 (-1)	900 (-12%)	22mo	$225,000	$250	34

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: 19.4%
• Equity multiple: 1.79×
• Total profit: $24,239
• Equity at exit: $16,401

10-year hold

• IRR: 27.7%
• Equity multiple: 3.46×
• Total profit: $75,619
• Equity at exit: $9,511

Cash invested: $30,800 (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 08030

• Home prices YoY: -27.9%
• Active inventory: 90
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,992 high
• Mortgage (P&I): −$577
• Tax from tax record: −$292 /mo · $3,509/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $658

Break-even live

Break-even rent $1,158

Max offer price $110,000

Occupancy floor 62%

Sensitivity live

Price	-10% $721	-5% $690	+0% $658	+5% $627	+10% $596
Rent	-10% $501	-5% $580	+0% $658	+5% $737	+10% $816
Rate	-1.0pp $714	-0.5pp $686	base $658	+0.5pp $630	+1.0pp $601

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
602 Powell St Gloucester City, NJ	3.0	1.0	1170	$1,850	$1.58	25d	1	0.10mi
227 S Broadway Gloucester City, NJ	3.0	1.0	1123	$1,775	$1.58	25d	1	0.15mi
604 Hunter St Gloucester City, NJ	3.0	1.0	1066	$1,900	$1.78	5d	1	0.16mi
534 Bergen St Gloucester City, NJ	3.0	1.0	1246	$2,000	$1.61	19d	1	0.19mi
231 3rd St Gloucester City, NJ	3.0	2.0	1376	$2,150	$1.56	25d	1	0.32mi
334 Middlesex St Gloucester City, NJ	3.0	1.0	896	$1,800	$2.01	25d	1	0.35mi
917 Koehler St Gloucester City, NJ	3.0	1.0	916	$1,800	$1.97	19d	1	0.48mi
1063 S Merrimac Rd Camden, NJ	4.0	1.0	1024	$1,900	$1.86	25d	1	0.89mi
3136 Tuckahoe Rd Camden, NJ	2.0	1.0	800	$1,350	$1.69	25d	1	0.92mi
1021 Monitor Rd Camden, NJ	3.0	1.0	1012	$1,710	$1.69	25d	1	0.95mi
5 Meadow Ln Gloucester City, NJ	1.0–2.0	1.0–2.0	833	$2,385	$2.86	25d	8	1.01mi
108 New Broadway Unit 120 Brooklawn, NJ	2.0	1.0	800	$1,800	$2.25	25d	1	1.03mi
2829 Idaho Rd Camden, NJ	3.0	1.5	1048	$1,700	$1.62	25d	1	1.17mi
3079 Alabama Rd Camden, NJ	2.0	1.0	832	$1,700	$2.04	25d	1	1.23mi
3132 Independence Rd Camden, NJ	3.0	1.5	1168	$1,595	$1.37	22d	1	1.29mi
2892 N Constitution Rd Camden, NJ	3.0	1.0	1040	$2,000	$1.92	25d	1	1.29mi
1120 Howard Ave Unit A Bellmawr, NJ	2.0	1.0	1425	$1,800	$1.26	19d	1	1.39mi
3255 Crescent Dr Unit 03-3220 Camden, NJ	2.0	1.0	700	$1,350	$1.93	25d	1	1.42mi

Listing history 12 events

1. 2026-05-20
   status Pending
2. 2026-04-29
   status Active
3. 2026-04-20
   historical
4. 2026-04-20
   listed $110,000 Active
5. 2026-04-15
   historical $110,000
6. 2006-07-14
   soldstatus $72,500
7. 2006-06-30
   soldstatus $73,500 95-char remark

   Show marketing remark (95 chars)

   Great starter home. Cheaper than rent. Owner is getting cosmetics done. End of June settlement.

8. 2006-04-03
   historical 95-char remark

   Show marketing remark (95 chars)

   Great starter home. Cheaper than rent. Owner is getting cosmetics done. End of June settlement.

9. 2006-03-06
   listed $73,500 95-char remark

   Show marketing remark (95 chars)

   Great starter home. Cheaper than rent. Owner is getting cosmetics done. End of June settlement.

10. 2004-07-26
    soldstatus $69,000
11. 2004-06-30
    soldstatus $69,000 150-char remark

    Show marketing remark (150 chars)

    Very Good Condition Home With Newer Heater, Gas Hot Water Heater, Ceramic Tile Bath, Enclosed Porch. A Must Show And Sell! Owner Doing All Co Repairs.

12. 2004-03-08
    listed $69,000 150-char remark

    Show marketing remark (150 chars)

    Very Good Condition Home With Newer Heater, Gas Hot Water Heater, Ceramic Tile Bath, Enclosed Porch. A Must Show And Sell! Owner Doing All Co Repairs.

ⓘ 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: $3,509 · $292/mo
• Projected year-2 tax: $3,509 · $292/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 40% 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: $23,903
• − Mortgage interest: −$6,162
• − Property taxes: −$3,509
• − Insurance: −$550
• − Repairs & maintenance: −$1,912
• − Management: −$1,912
• − Depreciation: −$3,200
• Taxable income: $6,657
• Est. tax owed @ 24.0%: −$1,598
• After-tax cash flow: $6,304/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: Gloucester City Public School District
• NCES district ID: 3406000
• Math proficiency: 11% ▼ -21.00%
• Reading proficiency: 34% ▼ -15.00%
• Median HH income: $51,231
• Composite: 20.01/100
• National rank: #8664
• State rank: #413 of 472 in NJ

Livability — Gloucester City

• Score: 72/100
• State rank: #215
• US rank: #5984

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gloucester City, NJ
• County: Camden County · 407,624 people
• City population: 13,217
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 13,217
• Household income: $63,384
• Rent vs Own: 38.2% rent · 61.8% own
• Severe rent burden: 431.0

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: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 18% Black 7% Asian 5% Two or more races 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 10%
• Common ancestry: Romanian 4% Lithuanian 3% Hispanic 2%
• Foreign-born: 8% · Canada, Jamaica, China
• Languages at home: 81% English-only · Spanish 13% Other Indo-European 4% Arabic 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: ▼ -115.59%
• Current HPI: 298.9139
• Rent YoY: —
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• 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

+59.4% since first listed

12 events — show timeline

• 2026-05-20 Pending — BRIGHT MLS
• 2026-04-29 Relisted — BRIGHT MLS
• 2026-04-20 Listing Removed — BRIGHT MLS
• 2026-04-20 Listed $110,000 BRIGHT MLS
• 2026-04-15 Coming Soon $110,000 BRIGHT MLS
• 2006-07-14 Sold (Public Records) $72,500 Public Records
• 2006-06-30 Sold (MLS) $73,500 BRIGHT MLS
• 2006-04-03 Listing Removed — BRIGHT MLS
• 2006-03-06 Listed $73,500 BRIGHT MLS
• 2004-07-26 Sold (Public Records) $69,000 Public Records
• 2004-06-30 Sold (MLS) $69,000 BRIGHT MLS
• 2004-03-08 Listed $69,000 BRIGHT MLS

Property tax history

+3.0%/yr

Latest (2025): $3,509 · +5.6% YoY. Source: county tax records.