3501 S Lincoln Ave #76 · Vineland, NJ 08361

$219,000

2 bd · 2.0 ba · 1,450 sqft · SingleFamily · 24 Days on market

Built 2003 Good condition 2,500 sqft lot Est $265k · 17% 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 +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +4.2/10.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you are an empty nester or just looking for a change of scenery this could be the perfect home for you! Penn Lincoln is a sought after 55+ community in a great location! As you arrive to the home in the cul-de-sac you will notice the covered deck, perfect for morning or evening relaxation. The home has a NEW roof, NEW skylights, and NEW AC unit all installed in 2023!! When you enter the home you will see cathedral ceilings in the living room and dining area which are both accessible to the kitchen. There is a front room that is perfect for an office, or a sitting room to wind down and enjoy your yard through the large windows! The laundry room has built-ins that have been added for tons of storage and is off of the kitchen. The laundry room also has a side entrance from the driveway. Down the hall you will find the first bedroom which has a nicely sized walk-in closet, and the hallway also features the first full bathroom. Lastly, you will arrive at the master bedroom with an ensuite full bathroom. Cathedral ceilings and a nice size walk-in closet are great features for this master bedroom. This home has laminate flooring in the main living areas and bedrooms and there is a shed for storage on the property as well. The home is also equipped with an alarm system for your peace of mind. Come see this home today!

Key facts

• 2,500 sq ft lot
• 2 parking spots
• Built 2003

Property features AI

Finance

• Financial info: Annual ground rent listed under income/expense items
• HOA & community: Senior community with 55+ age requirement; Ground rent exists; paid annually; Land lease: $657 per month with 99 years remaining; Property manager present; Pets allowed with restrictions (breed restrictions; dogs and cats OK)

Exterior

• Parking: Attached carport (1 space); Driveway parking (1 space); Concrete driveway; Total of 2 garage/parking spaces
• Utilities: Public water; Public sewer; Natural gas available (heating and hot water); Electric available; Cable TV available; Cable internet service; Municipal trash service
• Home design: Manufactured double-wide; East-facing main entrance; Senior community (55+); Property condition: Excellent; Land lease ownership
• Construction: Vinyl siding; Asphalt roof; Concrete perimeter foundation; Built above grade and below grade structures; Shed on property
• Exterior features: Porch(es); Deck(s); Lawn sprinkler; Cul-de-sac lot

Interior

• Kitchen: Built-in microwave; Dishwasher; Stainless steel appliances; Oven (self-cleaning); Refrigerator; Freezer; Icemaker; Exhaust fan
• Bedrooms: 2 bedrooms on the main level
• Flooring: Engineered wood flooring
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; 150 amp electric service
• Interior features: Tub/shower; Walk-in shower; Ceiling fans; Dining area; Kitchen island; Walk-in closet(s); Window treatments; Storm door(s); Drywall walls and ceilings
• Laundry & utility: Washer and dryer on the main floor; High-efficiency water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $219k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $77 ($920/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 $201k (8.1% below list).
• Recommended offer: $201k (8.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.6% in Vineland — 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 66/100 on livability (#363 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+; Watch: employment D+, crime F, amenities F.
• Vineland Public School District (urban): math 9% / reading 34% proficiency, ranked #418 of 472 in NJ (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Dr. William Mennies Elementary School (math 0% / reading 23%, grade F, #1,206 of 1,303 statewide, top 93%, 602 students, 0% FRL); Anthony Rossi Elementary School (math 10% / reading 31%, grade F, #985 of 1,303 statewide, top 76%, 611 students, 0% FRL); Vineland Senior High School (math 10% / reading 34%, grade F, #346 of 399 statewide, top 88%, 2,780 students, 0% FRL) — zoned schools average 0% FRL vs 53% district-wide (53 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 86 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 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.
• Cumberland County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $149k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $201,278 (8.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.92% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.50%
• DSCR: 1.07
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $265,350
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1616 Pennsylvania Ave #291	0.58mi	2/2.0	1,512 (+4%)	8mo	$150,000	$99	59
1616 Pennsylvania Ave Unit 292 CHERRY	0.58mi	3/2.0 (+1)	1,560 (+8%)	8mo	$100,000	$64	49
3875 S Main Rd	0.73mi	3/2.0 (+1)	1,458 (+1%)	18mo	$275,000	$189	45
723 Sheridan Ave	0.42mi	3/1.5 (+1)	1,364 (-6%)	24mo	$250,000	$183	44
365 E Butler Ave	0.73mi	3/2.0 (+1)	1,468 (+1%)	21mo	$330,000	$225	41
1289 E Sherman Ave	0.70mi	3/1.0 (+1)	1,488 (+3%)	16mo	$300,000	$202	41
334 Sheridan Ave	0.75mi	2/1.0	1,567 (+8%)	9mo	$220,000	$140	40
1616 Pennsylvania Ave #145	0.74mi	3/2.0 (+1)	1,300 (-10%)	17mo	$120,000	$92	29

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-30,576
• Equity at exit: $32,654

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-20,217
• Equity at exit: $18,935

Cash invested: $61,320 (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 08361

• Active inventory: 86
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,013 medium
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $77

Break-even live

Break-even rent $1,916

Max offer price $219,000

Occupancy floor 91%

Sensitivity live

Price	-10% $228	-5% $152	+0% $77	+5% $1	+10% $-75
Rent	-10% $-82	-5% $-3	+0% $77	+5% $156	+10% $236
Rate	-1.0pp $187	-0.5pp $132	base $77	+0.5pp $20	+1.0pp $-38

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $219,000 Active 24 DOM
2. 2026-06-19
   days on market $219,000 Active 22 DOM
3. 2026-06-18
   days on market $219,000 Active 21 DOM
4. 2026-06-17
   days on market $219,000 Active 20 DOM
5. 2026-06-16
   days on market $219,000 Active 19 DOM
6. 2026-06-15
   days on market $219,000 Active 18 DOM
7. 2026-06-14
   days on market $219,000 Active 16 DOM
8. 2026-06-13
   days on market $219,000 Active 15 DOM
9. 2026-06-10
   days on market $219,000 Active 13 DOM
10. 2026-06-09
    days on market $219,000 Active 12 DOM
11. 2026-06-08
    days on market $219,000 Active 11 DOM
12. 2026-06-07
    days on market $219,000 Active 10 DOM
13. 2026-06-03
    days on market $219,000 Active 6 DOM
14. 2026-06-02
    days on market $219,000 Active 5 DOM
15. 2026-06-01
    days on market $219,000 Active 4 DOM
16. 2026-05-31
    days on market $219,000 Active 3 DOM
17. 2026-05-30
    days on market $219,000 Active 2 DOM
18. 2026-05-29
    listed $219,000 Active
19. 2026-05-27
    historical $219,000
20. 2024-07-12
    soldstatus $149,000 Closed 1340-char remark

    Show marketing remark (1340 chars)

    Whether you are an empty nester or just looking for a change of scenery this could be the perfect home for you! Penn Lincoln is a sought after 55+ community in a great location! As you arrive to the home in the cul-de-sac you will notice the covered deck, perfect for morning or evening relaxation. The home has a NEW roof, NEW skylights, and NEW AC unit all installed in 2023!! When you enter the home you will see cathedral ceilings in the living room and dining area which are both accessible to the kitchen. There is a front room that is perfect for an office, or a sitting room to wind down and enjoy your yard through the large windows! The laundry room has built-ins that have been added for tons of storage and is off of the kitchen. The laundry room also has a side entrance from the driveway. Down the hall you will find the first bedroom which has a nicely sized walk-in closet, and the hallway also features the first full bathroom. Lastly, you will arrive at the master bedroom with an ensuite full bathroom. Cathedral ceilings and a nice size walk-in closet are great features for this master bedroom. This home has laminate flooring in the main living areas and bedrooms and there is a shed for storage on the property as well. The home is also equipped with an alarm system for your peace of mind. Come see this home today!

21. 2024-05-23
    status Pending 1340-char remark

    Show marketing remark (1340 chars)

    Whether you are an empty nester or just looking for a change of scenery this could be the perfect home for you! Penn Lincoln is a sought after 55+ community in a great location! As you arrive to the home in the cul-de-sac you will notice the covered deck, perfect for morning or evening relaxation. The home has a NEW roof, NEW skylights, and NEW AC unit all installed in 2023!! When you enter the home you will see cathedral ceilings in the living room and dining area which are both accessible to the kitchen. There is a front room that is perfect for an office, or a sitting room to wind down and enjoy your yard through the large windows! The laundry room has built-ins that have been added for tons of storage and is off of the kitchen. The laundry room also has a side entrance from the driveway. Down the hall you will find the first bedroom which has a nicely sized walk-in closet, and the hallway also features the first full bathroom. Lastly, you will arrive at the master bedroom with an ensuite full bathroom. Cathedral ceilings and a nice size walk-in closet are great features for this master bedroom. This home has laminate flooring in the main living areas and bedrooms and there is a shed for storage on the property as well. The home is also equipped with an alarm system for your peace of mind. Come see this home today!

22. 2024-05-13
    listed $149,000 Active 1340-char remark

    Show marketing remark (1340 chars)

    Whether you are an empty nester or just looking for a change of scenery this could be the perfect home for you! Penn Lincoln is a sought after 55+ community in a great location! As you arrive to the home in the cul-de-sac you will notice the covered deck, perfect for morning or evening relaxation. The home has a NEW roof, NEW skylights, and NEW AC unit all installed in 2023!! When you enter the home you will see cathedral ceilings in the living room and dining area which are both accessible to the kitchen. There is a front room that is perfect for an office, or a sitting room to wind down and enjoy your yard through the large windows! The laundry room has built-ins that have been added for tons of storage and is off of the kitchen. The laundry room also has a side entrance from the driveway. Down the hall you will find the first bedroom which has a nicely sized walk-in closet, and the hallway also features the first full bathroom. Lastly, you will arrive at the master bedroom with an ensuite full bathroom. Cathedral ceilings and a nice size walk-in closet are great features for this master bedroom. This home has laminate flooring in the main living areas and bedrooms and there is a shed for storage on the property as well. The home is also equipped with an alarm system for your peace of mind. Come see this home today!

23. 2024-05-11
    historical $149,000 1340-char remark

    Show marketing remark (1340 chars)

    Whether you are an empty nester or just looking for a change of scenery this could be the perfect home for you! Penn Lincoln is a sought after 55+ community in a great location! As you arrive to the home in the cul-de-sac you will notice the covered deck, perfect for morning or evening relaxation. The home has a NEW roof, NEW skylights, and NEW AC unit all installed in 2023!! When you enter the home you will see cathedral ceilings in the living room and dining area which are both accessible to the kitchen. There is a front room that is perfect for an office, or a sitting room to wind down and enjoy your yard through the large windows! The laundry room has built-ins that have been added for tons of storage and is off of the kitchen. The laundry room also has a side entrance from the driveway. Down the hall you will find the first bedroom which has a nicely sized walk-in closet, and the hallway also features the first full bathroom. Lastly, you will arrive at the master bedroom with an ensuite full bathroom. Cathedral ceilings and a nice size walk-in closet are great features for this master bedroom. This home has laminate flooring in the main living areas and bedrooms and there is a shed for storage on the property as well. The home is also equipped with an alarm system for your peace of mind. Come see this home today!

ⓘ 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: $24,153
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,932
• − Management: −$1,932
• − Depreciation: −$6,371
• Taxable loss: −$2,729
• Est. tax savings @ 24.0%: +$655
• After-tax cash flow: $1,575/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 · 12 photos

Good 80/100 Cosmetic rehab

This charming single-family home in Penn Lincoln 55+ community is in good condition with recent updates, making it a great investment opportunity.

Value-add opportunities

• Both Paint interior walls — Neutral paint may not appeal to all buyers
• Both Replace light fixtures — Update dated light fixtures
• Both Add smart home features — Enhance convenience and appeal to tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Neutral paint may not appeal to all buyers ↑
• Both Replace light fixtures — Update dated light fixtures ↑
• Both Add smart home features — Enhance convenience and appeal to tech-savvy buyers ↑

ⓘ 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: Vineland Public School District
• NCES district ID: 3416800
• Math proficiency: 9% ▼ -17.00%
• Reading proficiency: 34% ▬ 0.00%
• Median HH income: $51,168
• Composite: 19.17/100
• National rank: #8819
• State rank: #418 of 472 in NJ

Livability — Vineland

• Score: 66/100
• State rank: #363
• US rank: #12180

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vineland, NJ
• City population: 45,038
• Population (ZIP): 18,375

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 57% Hispanic / Latino 27% Two or more races 13% Black 10% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 20% Dominican 3%
• Common ancestry: Romanian 2% Scotch-Irish 2% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 75% English-only · Spanish 16% Other Indo-European 4% Russian/Polish/Slavic 2%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -215.80%
• Current HPI: 291.3404
• 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

+47.0% since first listed

6 events — show timeline

• 2026-05-29 Listed $219,000 BRIGHT MLS
• 2026-05-27 Coming Soon $219,000 BRIGHT MLS
• 2024-07-12 Sold (MLS) $149,000 BRIGHT MLS
• 2024-05-23 Pending — BRIGHT MLS
• 2024-05-13 Listed $149,000 BRIGHT MLS
• 2024-05-11 Coming Soon $149,000 BRIGHT MLS