403 N Filmore St · Gloucester City, NJ 08030

$150,000

3 bd · 1.0 ba · 1,184 sqft · Townhouse public records · 36 Days on market

Built 1910 1,921 sqft lot Est $219k · 32% under

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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 +28.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• 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

Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

Key facts

• Mudroom off kitchen
• Built 1910
• Listed 35 days

Tags

• MUDROOM OFF KITCHEN
• INVESTMENT OPPORTUNITY

Property features AI

Finance

• Other: Fee simple ownership

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Semi-detached structure; Above-grade finished area per assessor
• Construction: Brick construction; Block and concrete perimeter foundation; Above grade and below grade other structures
• Exterior features: Lot dimensions approximately 24.00 x 80.00; No tidal water

Interior

• Bedrooms: 3 bedrooms on the upper level
• Bathrooms: 1 full bathroom (all upper levels)
• Heating & cooling: 90% forced air heating; Natural gas heating fuel; Window unit(s) for cooling (electric); 60+ gallon hot water tank
• Interior features: Unfinished basement; Living area per assessor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $487 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% 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 37% 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 $1k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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 $35k; list at $150k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.31% ✓
• Cap rate: 10.19%
• Cash-on-cash: 13.92%
• DSCR: 1.62
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $219,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
508 Essex St	0.07mi	3/1.0	1,200 (+1%)	2mo	$230,000	$192	93
407 Bergen St	0.29mi	3/1.0	1,224 (+3%)	1mo	$221,800	$181	80
404 Hudson St	0.26mi	3/1.0	1,224 (+3%)	3mo	$212,000	$173	80
313 Hudson St	0.24mi	3/1.0	1,128 (-5%)	4mo	$205,000	$182	78
319 Bergen St	0.28mi	3/1.0	1,248 (+5%)	3mo	$245,140	$196	76
414 Middlesex St	0.22mi	3/1.0	1,078 (-9%)	1mo	$199,900	$185	74
530 Bergen St	0.37mi	3/1.5	1,126 (-5%)	1mo	$225,000	$200	72
601 Hunter St	0.64mi	3/1.0	1,164 (-2%)	3mo	$235,000	$202	65
3028 Fenwick Rd	0.49mi	3/1.5	1,272 (+7%)	3mo	$200,000	$157	60
108 S Sussex St	0.44mi	4/1.5 (+1)	1,302 (+10%)	1mo	$235,000	$180	55
1072 Ironsides	0.66mi	3/1.0	1,008 (-15%)	4mo	$199,999	$198	41
1159 S Merrimac Rd	0.75mi	3/2.0	1,024 (-14%)	3mo	$161,000	$157	36

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: 4.2%
• Equity multiple: 1.16×
• Total profit: $6,772
• Equity at exit: $22,365

10-year hold

• IRR: 13.7%
• Equity multiple: 2.10×
• Total profit: $46,042
• Equity at exit: $12,969

Cash invested: $42,000 (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 08030

• Home prices YoY: -27.9%
• Active inventory: 90
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,962 high
• Mortgage (P&I): −$787
• Tax from tax record: −$214 /mo · $2,567/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $487

Break-even live

Break-even rent $1,346

Max offer price $150,000

Occupancy floor 70%

Sensitivity live

Price	-10% $572	-5% $530	+0% $487	+5% $445	+10% $402
Rent	-10% $332	-5% $410	+0% $487	+5% $565	+10% $642
Rate	-1.0pp $563	-0.5pp $525	base $487	+0.5pp $448	+1.0pp $409

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
334 Middlesex St Gloucester City, NJ	3.0	1.0	896	$1,800	$2.01	25d	1	0.22mi
534 Bergen St Gloucester City, NJ	3.0	1.0	1246	$2,000	$1.61	19d	1	0.39mi
3136 Tuckahoe Rd Camden, NJ	2.0	1.0	800	$1,350	$1.69	25d	1	0.60mi
231 3rd St Gloucester City, NJ	3.0	2.0	1376	$2,150	$1.56	25d	1	0.60mi
602 Powell St Gloucester City, NJ	3.0	1.0	1170	$1,850	$1.58	25d	1	0.62mi
1063 S Merrimac Rd Camden, NJ	4.0	1.0	1024	$1,900	$1.86	25d	1	0.63mi
1021 Monitor Rd Camden, NJ	3.0	1.0	1012	$1,710	$1.69	25d	1	0.63mi
604 Hunter St Gloucester City, NJ	3.0	1.0	1066	$1,900	$1.78	5d	1	0.67mi
227 S Broadway Gloucester City, NJ	3.0	1.0	1123	$1,775	$1.58	25d	1	0.70mi
2829 Idaho Rd Camden, NJ	3.0	1.5	1048	$1,700	$1.62	25d	1	0.75mi
3079 Alabama Rd Camden, NJ	2.0	1.0	832	$1,700	$2.04	25d	1	0.93mi
2892 N Constitution Rd Camden, NJ	3.0	1.0	1040	$2,000	$1.92	25d	1	0.94mi
917 Koehler St Gloucester City, NJ	3.0	1.0	916	$1,800	$1.97	19d	1	1.03mi
3132 Independence Rd Camden, NJ	3.0	1.5	1168	$1,595	$1.37	22d	1	1.04mi
5 Meadow Ln Gloucester City, NJ	1.0–2.0	1.0–2.0	833	$2,385	$2.86	25d	8	1.21mi
3255 Crescent Dr Unit 03-3220 Camden, NJ	2.0	1.0	700	$1,350	$1.93	25d	1	1.22mi
1220 Grant Ave Unit 2 Oaklyn, NJ	2.0	1.0	1000	$1,800	$1.80	21d	1	1.36mi
1759 S 4th St Unit B Camden, NJ	2.0	1.0	800	$1,500	$1.88	25d	1	1.40mi

Listing history 23 events

1. 2026-06-18
   days on market $150,000 Active 36 DOM
2. 2026-06-17
   days on market $150,000 Active 35 DOM
3. 2026-06-16
   days on market $150,000 Active 34 DOM
4. 2026-06-15
   days on market $150,000 Active 33 DOM
5. 2026-06-13
   days on market $150,000 Active 31 DOM
6. 2026-06-09
   days on market $150,000 Active 27 DOM
7. 2026-06-08
   days on market $150,000 Active 26 DOM
8. 2026-06-07
   days on market $150,000 Active 25 DOM
9. 2026-06-04
   days on market $150,000 Active 22 DOM
10. 2026-06-03
    days on market $150,000 Active 21 DOM
11. 2026-06-02
    days on market $150,000 Active 20 DOM
12. 2026-06-01
    days on market $150,000 Active 19 DOM
13. 2026-05-31
    days on market $150,000 Active 18 DOM
14. 2026-05-13
    status Active
15. 2026-05-12
    historical
16. 2026-05-12
    listed $150,000 Active
17. 2022-07-20
    historical
18. 2022-05-20
    listed $137,000 Active
19. 2019-12-16
    soldstatus $35,000 Closed 618-char remark

    Show marketing remark (618 chars)

    Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

20. 2019-11-06
    status Pending 618-char remark

    Show marketing remark (618 chars)

    Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

21. 2019-08-02
    status Active 618-char remark

    Show marketing remark (618 chars)

    Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

22. 2019-07-31
    historical 618-char remark

    Show marketing remark (618 chars)

    Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

23. 2019-01-11
    listed $49,900 Active 618-char remark

    Show marketing remark (618 chars)

    Twin home close to the waterfront & Walt Whitman Bridge- Major roadways & public transportation available for easy access to Philadelphia or shore points. 2 story style, Foyer, Living Room & Dining Room, Kitchen & Mudroom on Main level, Bath, 3 Bedrooms upstairs, vinyl windows, full unfinished Basement, Gas heat, window AC unit, newer carpet downstairs, new sink & cabinets, gas stove, refrigerator, ceramic tile floors in Kitchen, Mudroom/Laundry room off Kitchen w/ backyard access. Being sold "AS -IS AS -SEEN" condition. Seller will not make repairs or inspections and CO.

ⓘ 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: $2,567 · $214/mo
• Projected year-2 tax: $3,151 · $263/mo
• Expected delta: +$584/yr (+$49/mo · 22.7%)

ⓘ 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 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: $23,549
• − Mortgage interest: −$8,402
• − Property taxes: −$2,567
• − Insurance: −$750
• − Repairs & maintenance: −$1,884
• − Management: −$1,884
• − Depreciation: −$4,364
• Taxable income: $3,698
• Est. tax owed @ 24.0%: −$887
• After-tax cash flow: $4,959/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

+200.6% since first listed

10 events — show timeline

• 2026-05-13 Relisted — BRIGHT MLS
• 2026-05-12 Listed $150,000 BRIGHT MLS
• 2026-05-12 Listing Removed — BRIGHT MLS
• 2022-07-20 Listing Removed — BRIGHT MLS
• 2022-05-20 Listed $137,000 BRIGHT MLS
• 2019-12-16 Sold (MLS) $35,000 BRIGHT MLS
• 2019-11-06 Pending — BRIGHT MLS
• 2019-08-02 Relisted — BRIGHT MLS
• 2019-07-31 Listing Removed — BRIGHT MLS
• 2019-01-11 Listed $49,900 BRIGHT MLS

Property tax history

+2.4%/yr

Latest (2025): $2,567 · +5.6% YoY. Source: county tax records.