11 Dover Dr · Lindenwold, NJ 08021

$125,000

2 bd · 1.5 ba · 1,267 sqft · Townhouse · 14 Days on market

Built 1973 Fair condition Est $241k · 48% under $654/mo HOA · 29% of rent

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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 +24.8/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +8.1/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.2/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

Key facts

• Ample cabinet space
• Updated condominium
• Open-concept living

Tags

• UPDATED CONDOMINIUM
• OPEN-CONCEPT LIVING
• WOOD-LOOK VINYL FLOORING
• AMPLE CABINET SPACE
• DEDICATED DINING AREA
• FIRST-FLOOR POWDER ROOM

Property features AI

Finance

• Other: Property managed (property manager present); Assessor-listed above-grade finished area 1,267; Pets subject to restrictions
• HOA & community: Monthly condo fee of $654; Association covers ground maintenance, exterior building maintenance, common area maintenance, snow removal, trash, recreation facility; Community amenities include outdoor pool and tennis courts; Association managed by property lessee association

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas for heating, cooling fuel and hot water
• Home design: Condominium interior townhouse/rowhouse; Property managed by an association
• Construction: Level entry foundation (other foundation type listed); Pets allowed on a case-by-case basis with number and size/weight limits
• Exterior features: Community outdoor pool; Tennis courts; Not in a federal flood zone; Above-grade and below-grade structures noted

Interior

• Kitchen: Built-in range; Electric oven/range; Refrigerator
• Bedrooms: Two bedrooms on the upper level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Central heat (natural gas); Central air conditioning; Ceiling fans
• Interior features: Level entry to main floor; Living Room; Dining Room
• Laundry & utility: Front-loading washer (upper floor); Front-loading dryer (upper floor); Natural gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath townhouse listed at $125k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 8.8% vs local median 5.3% in Lindenwold — 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 68/100 on livability (#312 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A, cost of living B; Watch: employment C-, crime D, schools F.
• Lindenwold Public School District (suburban): math 4% / reading 25% proficiency, ranked #461 of 472 in NJ (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 237 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).
• This rent runs 40% of the median local income ($68k/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 $864 of loan paydown is wiped out by about $4k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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 $82k; list at $125k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.

Recommended offer $125,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 D 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. 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.
8. 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.
9. 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: 8.84%
• Cash-on-cash: 9.11%
• DSCR: 1.41
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $240,730
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
49 Dover Dr	0.06mi	2/1.5	1,267 (0%)	2mo	$120,000	$95	95
29 Chiswick Dr	0.10mi	2/1.5	1,267 (0%)	1mo	$97,500	$77	94
30 Chiswick Dr	0.10mi	2/1.5	1,267 (0%)	2mo	$128,750	$102	94
33 Georgetown Rd	0.22mi	2/1.5	1,267 (0%)	2mo	$145,000	$114	89
5106 Tall Pnes	0.19mi	3/2.5 (+1)	1,280 (+1%)	1mo	$270,000	$211	80
10 Glenwood Dr	0.05mi	3/2.5 (+1)	1,368 (+8%)	1mo	$187,000	$137	75
3001 Tall Pnes	0.33mi	3/2.5 (+1)	1,280 (+1%)	2mo	$260,000	$203	72
2702 Kenwood Dr	0.31mi	3/1.5 (+1)	1,200 (-5%)	2mo	$255,000	$213	70
51 Chiswick Dr	0.10mi	3/1.5 (+1)	1,110 (-12%)	1mo	$140,000	$126	69
309 La Cascata Tnhs	0.60mi	3/1.5 (+1)	1,264 (-0%)	1mo	$255,000	$202	66
43 La Cascata	0.73mi	3/1.5 (+1)	1,264 (-0%)	0mo	$242,000	$191	60
442 La Cascata Tnhs	0.73mi	3/1.5 (+1)	1,240 (-2%)	3mo	$234,999	$190	55

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 · 3.02% rent growth · sell at horizon

5-year hold

• IRR: -2.2%
• Equity multiple: 0.92×
• Total profit: $-2,850
• Equity at exit: $18,638

10-year hold

• IRR: 7.9%
• Equity multiple: 1.61×
• Total profit: $21,268
• Equity at exit: $10,808

Cash invested: $35,000 (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 08021

• Home prices YoY: -31.6%
• Rents YoY: 3.0%
• Active inventory: 237
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $2,258 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$654
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $266

Break-even live

Break-even rent $1,921

Max offer price $125,000

Occupancy floor 83%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Georgetown Rd Lindenwold, NJ	3.0	2.5	1268	$2,600	$2.05	1d	1	0.04mi
51 Chiswick Dr Unit 1 Lindenwold, NJ	3.0	2.0	1110	$2,650	$2.39	1d	1	0.11mi
500 Chews Landing Rd Lindenwold, NJ	1.0–2.0	1.0	875	$1,750	$2.00	24d	1	0.32mi
105 Blackwood Clementon Rd Lindenwold, NJ	1.0–2.0	1.0	800	$1,600	$2.00	16d	1	0.44mi
1600 Laurel Rd Lindenwold, NJ	1.0–2.0	1.0–1.5	900	$1,600	$1.78	24d	1	0.50mi
1800 Laurel Rd Lindenwold, NJ	1.0–2.0	1.0–2.0	885	$2,072	$2.34	1d	22	0.55mi
359 Lake Blvd Lindenwold, NJ	3.0	2.0	1196	$2,900	$2.42	1d	1	0.75mi
1801 Broadacres Dr Clementon, NJ	2.0	1.0–2.0	910	$2,032	$2.23	1d	8	0.90mi
1109 Huntingdon Mews Clementon, NJ	2.0	2.0	946	$1,750	$1.85	15d	1	0.91mi
34 Heron Pl Clementon, NJ	3.0	1.5	1847	$2,500	$1.35	1d	1	0.92mi
320 W Branch Ave Pine Hill, NJ	1.0–2.0	1.0	882	$1,700	$1.93	24d	1	1.20mi
1341 Blackwood Clementon Rd Clementon, NJ	1.0–2.0	1.0	925	$2,564	$2.77	1d	26	1.25mi
1200 Little Gloucester Rd Clementon, NJ	1.0–2.0	1.0	875	$3,100	$3.54	1d	1	1.43mi
215 S Atlantic Ave E Stratford, NJ	3.0	1.0	1460	$2,445	$1.67	10d	1	1.48mi
506 S White Horse Pike Unit F104 Stratford, NJ	2.0	1.0	930	$1,410	$1.52	20d	1	1.49mi
506 S White Horse Pike Unit F104 Stratford, NJ	2.0	1.0	930	$1,300	$1.40	3d	1	1.49mi

HOA detail

• Monthly dues: $654 · $7,848/yr
• Likely covers: water

Listing history 20 events

1. 2026-06-09
   status $125,000 Pending 14 DOM
2. 2026-06-08
   days on market $125,000 Active 14 DOM
3. 2026-06-07
   days on market $125,000 Active 13 DOM
4. 2026-06-04
   days on market $125,000 Active 10 DOM
5. 2026-06-03
   days on market $125,000 Active 9 DOM
6. 2026-06-02
   days on market $125,000 Active 8 DOM
7. 2026-06-01
   days on market $125,000 Active 7 DOM
8. 2026-05-31
   days on market $125,000 Active 6 DOM
9. 2026-05-25
   listed $125,000 Active
10. 2025-07-09
    historical $1,695
11. 2025-06-25
    price $1,695
12. 2025-05-20
    price $1,750
13. 2025-05-06
    price $1,775
14. 2025-05-01
    listed $1,850
15. 2021-11-01
    soldstatus $82,500 Closed 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

16. 2021-09-27
    historical Active Under Contract 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

17. 2021-09-13
    status Active 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

18. 2021-08-31
    status Pending 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

19. 2021-08-06
    historical Active Under Contract 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

20. 2021-07-29
    listed $90,000 Active 765-char remark

    Show marketing remark (765 chars)

    BACK ON THE MARKET. .. .This Two Story Town Home is backing up to private wooded area for privacy. The first Floor is Featuring spacious rooms including a Living Room, Dining Room, Eat-In area, Full Kitchen and a Half Bath. Upstairs you will find Two generous sized Bedrooms, Full Bathroom and separate Laundry room W/ shelving for extra convenience. Including are all appliances-in as is condition plus a brand new Hot Water Heater installed 7/2020. Buyer to check with Condo association about pets permitted. Although the Home is selling in As Is condition---SELLER HAS OBTAINED the Certificate of Occupancy. This is a great home to invest in. Included is a storage area. Be sure to Check it out Soon!! Close to Schools. Shopping, Restaurants and major highways.

ⓘ 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: $27,092
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$2,167
• − Management: −$2,167
• − HOA: −$7,848
• − Depreciation: −$3,636
• Taxable income: $1,771
• Est. tax owed @ 24.0%: −$425
• After-tax cash flow: $2,764/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.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This townhouse requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathrooms, exterior, and landscaping.

Repairs flagged

• Major kitchen cabinets — Old and outdated
• Major bathroom fixtures — Old and outdated
• Moderate exterior siding — Weathered and in need of repainting
• Major landscaping — Overgrown and unkempt

Value-add opportunities

• Resale new kitchen cabinets and appliances — Modernizes the kitchen and adds value
• Resale new bathroom fixtures and storage — Enhances functionality and appeal
• Resale new exterior siding and paint — Improves curb appeal and adds value
• Resale landscaping and shrubbery — Enhances curb appeal and adds value
• Rental HVAC system — Ensures comfort and reduces maintenance costs

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Old and outdated	Major	$15,000–50,000
bathroom fixtures · Old and outdated	Major	$15,000–50,000
exterior siding · Weathered and in need of repainting	Moderate	$3,000–15,000
landscaping · Overgrown and unkempt	Major	$15,000–50,000
Total estimated repair cost · 4 items		$48,000–165,000

Value-add ROI direction

• Resale new kitchen cabinets and appliances — Modernizes the kitchen and adds value ↑
• Resale new bathroom fixtures and storage — Enhances functionality and appeal ↑
• Resale new exterior siding and paint — Improves curb appeal and adds value ↑
• Resale landscaping and shrubbery — Enhances curb appeal and adds value ↑
• Rental HVAC system — Ensures comfort and reduces maintenance costs ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Lindenwold Public School District
• NCES district ID: 3408640
• Math proficiency: 4% ▼ -8.00%
• Reading proficiency: 25% ▲ 6.00%
• Median HH income: $42,390
• Composite: 12.54/100
• National rank: #9622
• State rank: #461 of 472 in NJ

Livability — Lindenwold

• Score: 68/100
• State rank: #312
• US rank: #9603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lindenwold, NJ
• County: Camden County · 407,624 people
• City population: 49,305
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 49,305
• Household income: $68,044
• Rent vs Own: 53.3% rent · 46.7% own
• Severe rent burden: 3050.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 44% Black 27% Hispanic / Latino 20% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 1% Iranian 1%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 81% English-only · Spanish 14% Chinese 1% Tagalog/Filipino 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: ▼ -156.73%
• Current HPI: 338.8351
• Rent YoY: ▲ 3.02%
• 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

+38.9% since first listed

12 events — show timeline

• 2026-05-25 Listed $125,000 BRIGHT MLS
• 2025-07-09 Rental Removed $1,695 TENANTTURNER2
• 2025-06-25 Price Changed $1,695 TENANTTURNER2
• 2025-05-20 Price Changed $1,750 TENANTTURNER2
• 2025-05-06 Price Changed $1,775 TENANTTURNER2
• 2025-05-01 Listed for Rent $1,850 TENANTTURNER2
• 2021-11-01 Sold (MLS) $82,500 BRIGHT MLS
• 2021-09-27 Contingent — BRIGHT MLS
• 2021-09-13 Relisted — BRIGHT MLS
• 2021-08-31 Pending — BRIGHT MLS
• 2021-08-06 Contingent — BRIGHT MLS
• 2021-07-29 Listed $90,000 BRIGHT MLS