361 Independence Blvd · Lawnside, NJ 08045

$349,900

3 bd · 2.5 ba · 2,293 sqft · SingleFamily public records · 50 Days on market

Built 1976 8,198 sqft lot Est $388k · 10% 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 +25.3/30.0
• ARV discount +11.9/15.0
• Appreciation +10.0/10.0
• DSCR +8.3/10.0
• 1% rule +7.3/10.0
• Livability +3.8/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

ESTATE SALE. .. .being sold AS IS. Foyer entry leading to the formal Living Room and Formal Dining Room. Eat-in kitchen and family room with fireplace. 3 bedroom, 2.5 bathrooms with laundry room on the main level. Garage was converted to office/storage space. Primary bathroom was in the process of being refurbished. .will be sold in current condition. The buyer is responiblie for CO and Fire Certifications.

Key facts

• Formal dining room
• Family room
• Formal living room

Tags

• FOYER ENTRY
• FORMAL LIVING ROOM
• FORMAL DINING ROOM
• EAT-IN KITCHEN
• FAMILY ROOM
• FIREPLACE

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; No septic; connected to sewer; Electric cooling; Natural gas for heating and hot water
• Home design: Detached property; Fee simple ownership
• Construction: Aluminum siding; Crawl space foundation; Above-grade and below-grade structures
• Exterior features: Lot dimensions approximately 82 x 100

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: Two full bathrooms (all upper levels); One half bathroom on the main level
• Heating & cooling: 90% forced air heating; Natural gas heating and hot water; Central air conditioning (electric)
• Interior features: No basement; Living area per assessor
• Laundry & utility: Main floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $796 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $350k).
• Recommended offer: $339k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#152 in NJ, #3,974 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: schools D-, crime F, amenities F.
• Lawnside School Distric (suburban): math 20% / reading 35% proficiency, ranked #566 of 612 in NJ (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 22 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• Camden County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $98k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 26y 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 $118k; list at $350k implies a 198% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 56% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $339,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 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 1976 — 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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.23% ✓
• Cap rate: 9.02%
• Cash-on-cash: 9.75%
• DSCR: 1.43
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $387,517
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
366 Independence Blvd	0.03mi	4/2.5 (+1)	2,247 (-2%)	2mo	$465,000	$207	89
373 John F Kennedy Blvd	0.06mi	3/2.5	2,094 (-9%)	18mo	$340,000	$162	68
358 Quaker Rd	0.05mi	4/2.5 (+1)	2,620 (+14%)	5mo	$380,000	$145	64
313 John F Kennedy Blvd	0.11mi	3/2.5	2,041 (-11%)	24mo	$361,000	$177	57
1233 Oakwood Rd	0.42mi	3/1.5	2,105 (-8%)	12mo	$420,000	$200	53
523 Carver Ct	0.32mi	4/1.5 (+1)	2,025 (-12%)	5mo	$350,000	$173	52
504 Hemmings Way	0.28mi	3/2.0	2,068 (-10%)	20mo	$300,000	$145	52
1236 Wayne Rd	0.40mi	2/1.0 (-1)	2,331 (+2%)	23mo	$395,000	$169	49
21 Hemmings Way	0.38mi	4/1.5 (+1)	1,989 (-13%)	11mo	$322,500	$162	42
1228 Chesterfield Rd	0.48mi	4/2.5 (+1)	2,625 (+14%)	14mo	$463,000	$176	37
213 Fairview Ave	0.69mi	3/2.0	2,032 (-11%)	13mo	$205,000	$101	36

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 31.4%
• Equity multiple: 3.46×
• Total profit: $241,435
• Equity at exit: $315,218

10-year hold

• IRR: 27.2%
• Equity multiple: 7.85×
• Total profit: $671,500
• Equity at exit: $679,779

Cash invested: $97,972 (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 08045

• Home prices YoY: 13.5%
• Active inventory: 22
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $4,318 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$635 /mo · $7,621/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$907
• Net cashflow: $796

Break-even live

Break-even rent $3,311

Max offer price $349,900

Occupancy floor 77%

Sensitivity live

Price	-10% $994	-5% $895	+0% $796	+5% $697	+10% $598
Rent	-10% $455	-5% $625	+0% $796	+5% $966	+10% $1,137
Rate	-1.0pp $972	-0.5pp $885	base $796	+0.5pp $705	+1.0pp $613

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
148 Heritage Rd Haddonfield, NJ	4.0	2.0	2452	$7,500	$3.06	0d	1	0.92mi
37 E Gloucester Pike Unit 1 Barrington, NJ	4.0	2.0	1683	$2,000	$1.19	12d	1	1.17mi
302 NW Atlantic Ave Magnolia, NJ	3.0	1.0	2461	$1,950	$0.79	18d	1	1.23mi

Listing history 10 events

1. 2026-06-02
   statusdays on market $349,900 Pending 50 DOM
2. 2026-06-01
   days on market $349,900 Active 49 DOM
3. 2026-05-31
   days on market $349,900 Active 48 DOM
4. 2026-04-13
   listed $349,900 Active
5. 2016-04-24
   historical
6. 2015-04-24
   listed $141,500
7. 2001-09-25
   soldstatus $117,500
8. 2001-08-31
   soldstatus $117,500
9. 2001-05-30
   historical
10. 2000-11-13
    listed $117,500

ⓘ 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: $7,621 · $635/mo
• Projected year-2 tax: $8,167 · $681/mo
• Expected delta: +$546/yr (+$45/mo · 7.2%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 56% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $51,822
• − Mortgage interest: −$19,600
• − Property taxes: −$7,621
• − Insurance: −$1,750
• − Repairs & maintenance: −$4,146
• − Management: −$4,146
• − Depreciation: −$10,179
• Taxable income: $4,381
• Est. tax owed @ 24.0%: −$1,051
• After-tax cash flow: $8,498/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: Lawnside School Distric
• NCES district ID: 3408340
• Math proficiency: 20% ▬ 0.00%
• Reading proficiency: 35% ▼ -10.00%
• Median HH income: $57,050
• Composite: 27.71/100
• National rank: #12312
• State rank: #566 of 612 in NJ

Livability — Lawnside

• Score: 75/100
• State rank: #152
• US rank: #3974

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lawnside, NJ
• City population: 3,124
• Population (ZIP): 3,124

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 Black (72%)
• Race & ethnicity: Black 72% Hispanic / Latino 20% Two or more races 5% White 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 4% Dominican 2%
• Common ancestry: Italian 1%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 16% Other Indo-European 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: ▲ 40.66%
• Current HPI: 341.1483
• 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

+197.8% since first listed

7 events — show timeline

• 2026-04-13 Listed $349,900 BRIGHT MLS
• 2016-04-24 Listing Removed — BRIGHT MLS
• 2015-04-24 Listed $141,500 BRIGHT MLS
• 2001-09-25 Sold (Public Records) $117,500 Public Records
• 2001-08-31 Sold (MLS) $117,500 BRIGHT MLS
• 2001-05-30 Listing Removed — BRIGHT MLS
• 2000-11-13 Listed $117,500 BRIGHT MLS

Property tax history

+1.8%/yr

Latest (2025): $7,621 · +3.5% YoY. Source: county tax records.