1413 Peden Ave · West Deptford, NJ 08093

$219,777

2 bd · 1.0 ba · 1,144 sqft · SingleFamily public records · 22 Days on market

Built 1950 0.34 ac lot Est $279k · 21% under

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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 +19.7/30.0
• ARV discount +15.0/15.0
• 1% rule +6.4/10.0
• DSCR +6.2/10.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Handyman Special! Instant Equity To Be Earned! Welcome to 1413 Penden Avenue in highly desirable West Deptford Township offering an incredible opportunity for investors or owner occupants alike. This home needs some TLC but is loaded with potential and upside. The exterior is truly impressive, situated on a beautiful lot featuring ample driveway parking, an oversized detached garage/outbuilding, spacious backyard, and a wonderful neighborhood setting. Step inside and you will immediately fall in love with the convenient one-story ranch layout. The main level features a bright and welcoming living room, spacious dining area, nicely sized kitchen, two generously sized bedrooms, one full bathr

Key facts

• Spacious backyard
• Huge sunroom
• Large basement

Tags

• DETACHED GARAGE
• SPACIOUS BACKYARD
• ONE STORY RANCH LAYOUT
• HUGE SUNROOM
• LARGE BASEMENT

Property features AI

Exterior

• Parking: Attached front-entry garage with 2 garage spaces (total 2 parking spaces)
• Utilities: Public water; Public sewer
• Home design: Detached property; Fee simple ownership
• Construction: Permanent foundation; Year built recorded by assessor
• Exterior features: Detached structure; Above-grade and below-grade structures

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Other heating; Other cooling; Other hot water
• Interior features: Basement with interior access

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $216k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• West Deptford Township School District (suburban): math 24% / reading 50% proficiency, ranked #253 of 472 in NJ (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 40 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,047 units permitted in Gloucester County in 2024 (183 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Gloucester County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $12k; list at $220k implies a 1731% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $216,480 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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: 1.14% ✓
• Cap rate: 7.71%
• Cash-on-cash: 5.05%
• DSCR: 1.22
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $279,136
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1678 Miller Ave	0.56mi	2/1.0	1,075 (-6%)	6mo	$200,000	$186	58
284 Dubois	0.61mi	2/1.0	1,193 (+4%)	10mo	$283,000	$237	56
948 Dover Rd	0.38mi	3/1.0 (+1)	1,036 (-9%)	7mo	$190,000	$183	56
1194 Red Bank Ave	0.53mi	3/1.0 (+1)	1,200 (+5%)	10mo	$315,900	$263	54
306 May Ct	0.46mi	3/1.0 (+1)	1,224 (+7%)	11mo	$213,000	$174	52
1114 Lawnton Ave	0.63mi	3/1.0 (+1)	1,169 (+2%)	12mo	$246,000	$210	52
177 Asbury Ave	0.60mi	3/2.0 (+1)	1,176 (+3%)	9mo	$391,000	$332	51
199 Columbia Ave	0.60mi	3/1.0 (+1)	1,063 (-7%)	7mo	$310,000	$292	50
1137 Lawnton Ave	0.56mi	3/1.0 (+1)	1,310 (+14%)	2mo	$275,000	$210	43
183 Ford Ave	0.61mi	3/1.0 (+1)	974 (-15%)	0mo	$350,000	$359	41
17 S Jefferson Ave	0.74mi	3/1.0 (+1)	1,228 (+7%)	11mo	$300,000	$244	39
175 Ford Ave	0.64mi	3/1.0 (+1)	974 (-15%)	9mo	$308,000	$316	33

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: -8.4%
• Equity multiple: 0.69×
• Total profit: $-18,962
• Equity at exit: $32,769

10-year hold

• IRR: 1.2%
• Equity multiple: 1.09×
• Total profit: $5,375
• Equity at exit: $19,002

Cash invested: $61,538 (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 08093

• Home prices YoY: -30.5%
• Active inventory: 40
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,504 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$475 /mo · $5,698/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$526
• Net cashflow: $259

Break-even live

Break-even rent $2,176

Max offer price $219,777

Occupancy floor 85%

Sensitivity live

Price	-10% $383	-5% $321	+0% $259	+5% $197	+10% $134
Rent	-10% $61	-5% $160	+0% $259	+5% $358	+10% $457
Rate	-1.0pp $370	-0.5pp $315	base $259	+0.5pp $202	+1.0pp $144

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: $54,944
• Closing costs: $6,593
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1375 Lesher Ave West Deptford, NJ	3.0	2.0	1400	$2,800	$2.00	17d	1	0.08mi
1100 Woodlawn Ave National Park, NJ	1.0	1.0	1158	$2,200	$1.90	19d	1	0.86mi
601 Tatum St West Deptford, NJ	1.0–2.0	1.0	750	$1,650	$2.20	15d	3	1.00mi
517 Tatum St West Deptford, NJ	2.0	1.0	722	$2,000	$2.77	24d	1	1.04mi
9 Magnolia St Westville, NJ	3.0	1.5	1281	$2,000	$1.56	25d	1	1.07mi
910 Gateway Blvd Westville, NJ	1.0–2.0	1.0	685	$1,550	$2.26	1d	3	1.27mi
568 N Evergreen Ave Woodbury, NJ	1.0–2.0	1.0	842	$1,870	$2.22	13d	5	1.38mi

Listing history 15 events

1. 2026-06-18
   days on market $219,777 Active 22 DOM
2. 2026-06-17
   days on market $219,777 Active 21 DOM
3. 2026-06-16
   days on market $219,777 Active 20 DOM
4. 2026-06-15
   days on market $219,777 Active 19 DOM
5. 2026-06-13
   days on market $219,777 Active 17 DOM
6. 2026-06-09
   days on market $219,777 Active 13 DOM
7. 2026-06-08
   days on market $219,777 Active 12 DOM
8. 2026-06-07
   days on market $219,777 Active 11 DOM
9. 2026-06-05
   days on market $219,777 Active 8 DOM
10. 2026-06-03
    days on market $219,777 Active 7 DOM
11. 2026-06-02
    days on market $219,777 Active 6 DOM
12. 2026-06-01
    days on market $219,777 Active 5 DOM
13. 2026-05-31
    days on market $219,777 Active 4 DOM
14. 2026-05-27
    listed $219,777 Active
15. 1984-03-01
    soldstatus $12,000

ⓘ 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: $5,698 · $475/mo
• Projected year-2 tax: $5,698 · $475/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 1/10 Low FEMA zone X (unshaded) · 0% 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 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,044
• − Mortgage interest: −$12,311
• − Property taxes: −$5,698
• − Insurance: −$1,099
• − Repairs & maintenance: −$2,403
• − Management: −$2,403
• − Depreciation: −$6,394
• Taxable loss: −$265
• Est. tax savings @ 24.0%: +$64
• After-tax cash flow: $3,171/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: West Deptford Township School District
• NCES district ID: 3417430
• Math proficiency: 24% ▼ -21.00%
• Reading proficiency: 50% ▼ -9.00%
• Median HH income: $68,308
• Composite: 33.65/100
• National rank: #5396
• State rank: #253 of 472 in NJ

Livability — West Deptford

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 9,224

Population outlook (Gloucester County) Hauer SSP2

• Today (2025): 298,895 people
• By 2030: 299,031 · +0.0%
• By 2040: 294,020 · -1.6%
• By 2050: 284,188 · -4.9%
• By 2075: 260,720 · -12.8%
• By 2100: 229,565 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 19% Hispanic / Latino 9% Two or more races 6% Asian 3%
• Hispanic origin (detail): Puerto Rican 5% Dominican 1%
• Common ancestry: Romanian 6% Italian 2% Lithuanian 2%
• Foreign-born: 5% · Canada, Dominican Republic, Jamaica
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2%

Political lean MEDSL · Gloucester

• 2024 margin: Toss-up / Even · D 47.8% · R 50.6% · Other 1.6%
• 2008→2024 swing: -15.0pp toward R · 2008: 12.2pp · 2024: -2.8pp
• All cycles: 2024: R+2.8 2020: D+1.9 2016: R+0.4 2012: D+10.5 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -117.95%
• Current HPI: 268.5572
• 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

+1731.5% since first listed

2 events — show timeline

• 2026-05-27 Listed $219,777 BRIGHT MLS
• 1984-03-01 Sold (Public Records) $12,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $5,698 · -0.3% YoY. Source: county tax records.