1066 Princess Ave · Camden, NJ 08103

$94,000

3 bd · 1.0 ba · 1,181 sqft · SingleFamily public records · 70 Days on market

Built 1920 1,272 sqft lot Est $183k · 49% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +3.8/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks MLS

A three-bedroom, one bath townhome is now for sale in the Parkside neighborhood of Camden City. This property is a real deal. Parkside is a popular area in Camden in which to be located. This property is an investor's dream. It is an "as-is" cash deal, and a blank slate, that limits you to only what your imagination can come up with. There is a large backyard with plenty of room for driveway with alley access. You would need to create it, because right now is all grass. So don't hesitate. Now is your opportunity to own a piece of Camden real estate

Key facts

• Alley access
• Large backyard
• Built 1920

Tags

• LARGE BACKYARD
• ALLEY ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $695 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $94k).
• Recommended offer: $88k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 7.1% in Camden — 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 70/100 on livability (#262 in NJ) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A; Watch: schools F, crime F, employment F.
• Camden City School District (urban): math 3% / reading 16% proficiency, ranked #472 of 472 in NJ (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 86% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 64 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).
• At $1,801/mo this rent would consume 59% of the median local household income ($37k/yr) (locally 1141% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-2.4%/yr); year-one equity from $650 of loan paydown is wiped out by about $2k 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 (-2.4% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 17y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $74k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $88,360 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.92% ✓
• Cap rate: 16.02%
• Cash-on-cash: 34.73%
• DSCR: 2.55
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $183,055
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1251 Atlantic Ave	0.36mi	3/1.5	1,162 (-2%)	14mo	$235,000	$202	67
920 Newton Ave	0.67mi	3/1.0	1,176 (-0%)	4mo	$75,000	$64	65
709 Berkley St	0.61mi	3/1.0	1,088 (-8%)	0mo	$135,000	$124	58
1443 Crestmont Ave	0.57mi	3/1.0	1,152 (-2%)	21mo	$178,000	$155	52
1551 Norris St	0.61mi	3/1.5	1,352 (+14%)	18mo	$225,000	$166	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-2.36% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.9%
• Equity multiple: 2.20×
• Total profit: $31,679
• Equity at exit: $16,728

10-year hold

• IRR: 34.6%
• Equity multiple: 4.31×
• Total profit: $87,149
• Equity at exit: $12,863

Cash invested: $26,320 (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 08103

• Home prices YoY: -1.4%
• Active inventory: 64
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,801 high
• Mortgage (P&I): −$493
• Tax from tax record: −$129 /mo · $1,545/yr
• Insurance: −$39
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $695

Break-even live

Break-even rent $921

Max offer price $94,000

Occupancy floor 56%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1055 Kenwood Ave Camden, NJ	4.0	1.0	1088	$1,875	$1.72	24d	1	0.01mi
1455 Wildwood Ave Camden, NJ	3.0	1.5	1353	$1,900	$1.40	10d	1	0.17mi
1509 Park Blvd Camden, NJ	1.0–2.0	1.0	1075	$1,650	$1.53	24d	1	0.19mi
1364 Kaighn Ave Camden, NJ	2.0	1.0	912	$1,485	$1.63	2d	1	0.31mi
537 Newton Ave Camden, NJ	2.0	1.0	1092	$1,500	$1.37	18d	1	0.57mi
537 Newton Ave Camden, NJ	2.0	1.0	1092	$1,500	$1.37	12d	1	0.57mi
708 Royden St Camden, NJ	3.0	1.0	1113	$1,595	$1.43	17d	1	0.59mi
727 Berkley St Camden, NJ	2.0	1.5	1008	$1,660	$1.65	24d	1	0.59mi
1502 S 9th St Camden, NJ	2.0	1.0	1050	$1,475	$1.40	19d	1	0.63mi
457 Mechanic St Camden, NJ	3.0	2.0	1200	$1,950	$1.62	18d	1	0.89mi
609 Henry St Camden, NJ	3.0	1.0	1290	$1,600	$1.24	24d	1	0.91mi
440 Henry St Camden, NJ	3.0	1.5	1224	$2,200	$1.80	24d	1	0.93mi
527 Penn St Unit 1A Camden, NJ	2.0	1.0	800	$1,500	$1.88	18d	1	1.17mi
1759 S 4th St Unit B Camden, NJ	2.0	1.0	800	$1,500	$1.88	24d	1	1.24mi
141 Cooper Ave Oaklyn, NJ	2.0	1.0	850	$1,725	$2.03	24d	1	1.25mi
145 Cooper Ave Unit 1N Woodlynne, NJ	2.0	1.0	850	$1,725	$2.03	18d	1	1.26mi
324 S 27th St Camden, NJ	3.0	1.0	1152	$1,900	$1.65	24d	1	1.27mi
2752 Mickle St Camden, NJ	3.0	1.0	1450	$1,850	$1.28	16d	1	1.28mi
209 Cedar Ave Oaklyn, NJ	2.0	1.0	1400	$1,500	$1.07	16d	1	1.29mi
209 Cedar Ave Oaklyn, NJ	2.0	1.0	1400	$1,800	$1.29	5d	1	1.29mi
1 Market St Camden, NJ	3.0	1.0–2.0	1190	$2,456	$2.06	1d	15	1.43mi
380 Garden Ave Camden, NJ	2.0	2.0	1184	$2,100	$1.77	24d	1	1.49mi

Listing history 40 events

1. 2026-06-18
   days on market $94,000 Active 70 DOM
2. 2026-06-17
   days on market $94,000 Active 69 DOM
3. 2026-06-16
   days on market $94,000 Active 68 DOM
4. 2026-06-15
   days on market $94,000 Active 67 DOM
5. 2026-06-13
   days on market $94,000 Active 65 DOM
6. 2026-06-13
   days on market $94,000 Active 64 DOM
7. 2026-06-09
   days on market $94,000 Active 61 DOM
8. 2026-06-08
   days on market $94,000 Active 60 DOM
9. 2026-06-07
   days on market $94,000 Active 59 DOM
10. 2026-06-04
    days on market $94,000 Active 56 DOM
11. 2026-06-03
    days on market $94,000 Active 55 DOM
12. 2026-06-02
    days on market $94,000 Active 54 DOM
13. 2026-06-01
    days on market $94,000 Active 53 DOM
14. 2026-05-31
    days on market $94,000 Active 52 DOM
15. 2026-05-04
    price $94,000 566-char remark

    Show marketing remark (566 chars)

    A three-bedroom, one bath townhome is now for sale in the Parkside neighborhood of Camden City. This property is a real deal. Parkside is a popular area in Camden in which to be located. This property is an investor's dream. It is an "as-is" cash deal, and a blank slate, that limits you to only what your imagination can come up with. There is a large backyard with plenty of room for driveway with alley access. You would need to create it, because right now is all grass. So don't hesitate. Now is your opportunity to own a piece of Camden real estate

16. 2026-05-04
    status Active 566-char remark

    Show marketing remark (566 chars)

    A three-bedroom, one bath townhome is now for sale in the Parkside neighborhood of Camden City. This property is a real deal. Parkside is a popular area in Camden in which to be located. This property is an investor's dream. It is an "as-is" cash deal, and a blank slate, that limits you to only what your imagination can come up with. There is a large backyard with plenty of room for driveway with alley access. You would need to create it, because right now is all grass. So don't hesitate. Now is your opportunity to own a piece of Camden real estate

17. 2026-03-17
    historical 566-char remark

    Show marketing remark (566 chars)

    A three-bedroom, one bath townhome is now for sale in the Parkside neighborhood of Camden City. This property is a real deal. Parkside is a popular area in Camden in which to be located. This property is an investor's dream. It is an "as-is" cash deal, and a blank slate, that limits you to only what your imagination can come up with. There is a large backyard with plenty of room for driveway with alley access. You would need to create it, because right now is all grass. So don't hesitate. Now is your opportunity to own a piece of Camden real estate

18. 2026-02-20
    listed $99,000 Active 566-char remark

    Show marketing remark (566 chars)

    A three-bedroom, one bath townhome is now for sale in the Parkside neighborhood of Camden City. This property is a real deal. Parkside is a popular area in Camden in which to be located. This property is an investor's dream. It is an "as-is" cash deal, and a blank slate, that limits you to only what your imagination can come up with. There is a large backyard with plenty of room for driveway with alley access. You would need to create it, because right now is all grass. So don't hesitate. Now is your opportunity to own a piece of Camden real estate

19. 2024-03-18
    historical
20. 2024-02-29
    price $109,400
21. 2024-01-29
    price $120,000
22. 2023-12-29
    price $135,999
23. 2023-12-12
    listed $150,000 Active
24. 2022-07-18
    soldstatus $73,563
25. 2013-03-15
    historical
26. 2012-04-05
    listed $77,000
27. 2011-12-26
    historical
28. 2011-10-28
    listed $77,000
29. 2011-10-12
    historical
30. 2011-09-16
    listed $77,000
31. 2009-09-22
    soldstatus $77,000
32. 2009-09-22
    soldstatus $77,000
33. 2009-09-18
    historical
34. 2009-08-05
    listed $84,900
35. 2009-08-05
    listed $84,900
36. 2009-07-08
    soldstatus $30,000
37. 2009-07-08
    soldstatus $30,000
38. 2009-06-13
    historical
39. 2009-02-25
    listed $39,900
40. 2009-02-25
    listed $39,900

ⓘ 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: $1,545 · $129/mo
• Projected year-2 tax: $1,943 · $162/mo
• Expected delta: +$398/yr (+$33/mo · 25.8%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 76% 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 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,610
• − Mortgage interest: −$5,265
• − Property taxes: −$1,545
• − Insurance: −$1,268
• − Repairs & maintenance: −$1,729
• − Management: −$1,729
• − Depreciation: −$2,735
• Taxable income: $7,340
• Est. tax owed @ 24.0%: −$1,762
• After-tax cash flow: $6,583/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: Camden City School District
• NCES district ID: 3402640
• Math proficiency: 3% ▼ -6.00%
• Reading proficiency: 16% ▬ 0.00%
• Median HH income: $25,845
• Composite: 6.85/100
• National rank: #9981
• State rank: #472 of 472 in NJ

Livability — Camden

• Score: 70/100
• State rank: #262
• US rank: #7721

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Camden, NJ
• County: Camden County · 407,624 people
• City population: 20,865
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 12,573
• Household income: $36,793
• Rent vs Own: 65.2% rent · 34.8% own
• Severe rent burden: 1141.0

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 0.57)
• Race & ethnicity: Black 54% Hispanic / Latino 36% Two or more races 9% White 5% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 19% Dominican 4%
• Common ancestry: Hispanic 1%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 75% English-only · Spanish 22% Tagalog/Filipino 2%

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: ▼ -2.36%
• Current HPI: 162.557
• 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

+135.6% since first listed

26 events — show timeline

• 2026-05-04 Price Changed $94,000 BRIGHT MLS
• 2026-05-04 Relisted — BRIGHT MLS
• 2026-03-17 Listing Removed — BRIGHT MLS
• 2026-02-20 Listed $99,000 BRIGHT MLS
• 2024-03-18 Listing Removed — BRIGHT MLS
• 2024-02-29 Price Changed $109,400 BRIGHT MLS
• 2024-01-29 Price Changed $120,000 BRIGHT MLS
• 2023-12-29 Price Changed $135,999 BRIGHT MLS
• 2023-12-12 Listed $150,000 BRIGHT MLS
• 2022-07-18 Sold (Public Records) $73,563 Public Records
• 2013-03-15 Listing Removed — BRIGHT MLS
• 2012-04-05 Listed $77,000 BRIGHT MLS
• 2011-12-26 Listing Removed — BRIGHT MLS
• 2011-10-28 Listed $77,000 BRIGHT MLS
• 2011-10-12 Listing Removed — BRIGHT MLS
• 2011-09-16 Listed $77,000 BRIGHT MLS
• 2009-09-22 Sold (MLS) $77,000 BRIGHT MLS
• 2009-09-22 Sold (MLS) $77,000 TREND
• 2009-09-18 Listing Removed — BRIGHT MLS
• 2009-08-05 Listed $84,900 BRIGHT MLS
• 2009-08-05 Listed $84,900 TREND
• 2009-07-08 Sold (MLS) $30,000 BRIGHT MLS
• 2009-07-08 Sold (MLS) $30,000 TREND
• 2009-06-13 Listing Removed — BRIGHT MLS
• 2009-02-25 Listed $39,900 BRIGHT MLS
• 2009-02-25 Listed $39,900 TREND

Property tax history

+7.9%/yr

Latest (2025): $1,545 · +4.1% YoY. Source: county tax records.