37 Balfour Ln · Burlington, NJ 08046

$275,000

3 bd · 2.0 ba · 1,473 sqft · SingleFamily public records · 20 Days on market

Built 1959 6,500 sqft lot Est $376k · 27% 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 +21.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.8/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This rancher simply needs a little updating to restore it to it's Glory Days!!!This home features a enclosed porch and a Sun room. Loads of space in this three bed room ranch. Complete with a eat in kitchen and a fenced yard.

Key facts

• Fenced yard
• Sun room
• Enclosed porch

Tags

• ENCLOSED PORCH
• SUN ROOM
• FENCED YARD

Property features AI

Finance

• Other: Pet-friendly with breed restrictions
• Financial info: Lease not considered

Exterior

• Parking: Attached front-entry garage with garage door opener; Driveway parking; One total garage/parking space
• Utilities: Public water; Public sewer; Natural gas hot water and heating
• Home design: Detached single-family home; Fee simple ownership; Average condition
• Construction: Frame construction; Slab foundation; Year-built source: assessor
• Exterior features: Lot dimensions approximately 65 x 100; Tidal water not present; Other structures: above grade and below grade (no finished basement)

Interior

• Kitchen: Dishwasher
• Bedrooms: Three main-level bedrooms
• Flooring: Laminate plank flooring; Luxury vinyl plank flooring
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Baseboard hot water heating; Wall unit cooling (electric)
• Interior features: 36"+ wide hallways; Grab bars installed; No basement; Family room; Den; Sun/Florida room
• Laundry & utility: No basement (utility/laundry location not specified)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $271k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.9% in Burlington — 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 78/100 on livability (#89 in NJ, #2,359 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A-; Watch: amenities F.
• Willingboro Public School District (suburban): math 5% / reading 30% proficiency, ranked #433 of 472 in NJ (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Willingboro Memorial Middle School (math 5% / reading 34%, grade F, #398 of 431 statewide, top 93%, 600 students, 8% FRL); Willingboro High School (math 2% / reading 37%, grade F, #354 of 399 statewide, top 89%, 842 students, 0% FRL) — zoned schools average 4% FRL vs 48% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 155 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,161 units permitted in Burlington County in 2024 (988 in 5+ unit buildings).
• This rent runs 36% of the median local income ($98k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Burlington County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $270,875 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.08% ✓
• Cap rate: 8.10%
• Cash-on-cash: 6.45%
• DSCR: 1.29
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $375,615
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25 Blackwell Ln	0.24mi	4/2.0 (+1)	1,372 (-7%)	1mo	$340,000	$248	71
11 Birdseye Ln	0.27mi	4/2.0 (+1)	1,372 (-7%)	1mo	$400,000	$292	70
60 Sheffield Dr	0.30mi	4/2.0 (+1)	1,372 (-7%)	2mo	$350,000	$255	68
11 Buxmont Ln	0.31mi	4/2.0 (+1)	1,372 (-7%)	3mo	$340,000	$248	67
42 Bucknell Ln	0.54mi	3/2.0	1,384 (-6%)	2mo	$365,000	$264	63
30 Beechfern Ln	0.46mi	4/2.0 (+1)	1,372 (-7%)	1mo	$360,000	$262	61
21 Berkshire Ln	0.54mi	3/2.0	1,372 (-7%)	3mo	$388,000	$283	61
71 Shawmont Ln	0.44mi	4/1.0 (+1)	1,624 (+10%)	3mo	$260,000	$160	51
21 Stafford Ln	0.69mi	4/2.0 (+1)	1,572 (+7%)	2mo	$369,000	$235	50
139 Hillcrest Ln	0.73mi	4/2.0 (+1)	1,562 (+6%)	4mo	$325,000	$208	47
14 Anthony Dr	0.72mi	3/2.5	1,608 (+9%)	4mo	$460,000	$286	45
8 Ballad Ln	0.64mi	3/2.0	1,684 (+14%)	5mo	$385,000	$229	43

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: -6.4%
• Equity multiple: 0.76×
• Total profit: $-18,150
• Equity at exit: $41,003

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $18,380
• Equity at exit: $23,777

Cash invested: $77,000 (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 08046

• Active inventory: 155
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,967 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$373 /mo · $4,479/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$623
• Net cashflow: $414

Break-even live

Break-even rent $2,443

Max offer price $275,000

Occupancy floor 81%

Sensitivity live

Price	-10% $569	-5% $492	+0% $414	+5% $336	+10% $258
Rent	-10% $179	-5% $297	+0% $414	+5% $531	+10% $648
Rate	-1.0pp $552	-0.5pp $484	base $414	+0.5pp $342	+1.0pp $270

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17 Snowdon Ln Willingboro, NJ	3.0	2.0	1200	$2,700	$2.25	0d	1	0.26mi
1000 Ivorie Ct Burlington, NJ	1.0–2.0	1.0	1025	$2,075	$2.02	25d	1	0.42mi
1020 Jardin Ct Burlington, NJ	2.0	1.0	1024	$1,800	$1.76	6d	1	0.43mi
6 Sherwood Ln Willingboro, NJ	4.0	2.0	1372	$3,200	$2.33	0d	1	0.47mi
29 Hinsdale Ln Willingboro, NJ	4.0	2.0	1570	$3,750	$2.39	0d	1	0.49mi
34 Hopkins Ln Willingboro, NJ	3.0	2.0	1696	$3,200	$1.89	0d	1	0.58mi
20 Sussex Dr Unit Sfh Willingboro, NJ	4.0	2.0	1000	$2,850	$2.85	0d	1	0.62mi
48 Sandstone Ln Willingboro, NJ	4.0	2.0	1372	$2,700	$1.97	0d	1	0.76mi
89 Hampshire Ln Willingboro, NJ	4.0	2.0	1562	$3,400	$2.18	11d	1	0.86mi
17 Bonnie Ln Willingboro, NJ	4.0	2.5	1797	$2,890	$1.61	25d	1	0.86mi
1020 Woodlane Rd Beverly, NJ	2.0	1.0–1.5	1515	$2,054	$1.36	0d	14	0.93mi
28 Palmer Sq Beverly, NJ	2.0	1.5	1096	$2,450	$2.24	0d	1	0.95mi
10 Melville Ln Willingboro, NJ	4.0	2.5	1797	$3,000	$1.67	16d	1	1.22mi
52 Creekside Way Burlington, NJ	3.0	3.5	1764	$3,100	$1.76	0d	1	1.24mi
20 Mosshill Ln Unit 4BR Willingboro, NJ	4.0	1.5	1000	$2,900	$2.90	25d	1	1.25mi
74 Plumtree Ln Willingboro, NJ	4.0	2.0	1624	$3,000	$1.85	0d	1	1.38mi
4236 Route 130 Willingboro, NJ	1.0–3.0	1.0–2.5	1278	$2,710	$2.12	0d	1	1.40mi
61 Pennant Ln Willingboro, NJ	3.0	2.0	1384	$2,800	$2.02	2d	1	1.49mi

Listing history 2 events

1. 2026-06-13
   status $275,000 Pending 20 DOM
2. 2026-05-07
   listed $275,000 Active

ⓘ 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: $4,479 · $373/mo
• Projected year-2 tax: $5,663 · $472/mo
• Expected delta: +$1,184/yr (+$99/mo · 26.4%)

ⓘ 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 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,600
• − Mortgage interest: −$15,404
• − Property taxes: −$4,479
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,848
• − Management: −$2,848
• − Depreciation: −$8,000
• Taxable income: $646
• Est. tax owed @ 24.0%: −$155
• After-tax cash flow: $4,809/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: Willingboro Public School District
• NCES district ID: 3418000
• Math proficiency: 5% ▼ -11.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $67,064
• Composite: 17.37/100
• National rank: #9074
• State rank: #433 of 472 in NJ

Livability — Burlington

• Score: 78/100
• State rank: #89
• US rank: #2359

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Burlington County · 323,710 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 31,981
• Household income: $98,178
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 342.0

Population outlook (Burlington County) Hauer SSP2

• Today (2025): 453,425 people
• By 2030: 452,359 · -0.2%
• By 2040: 445,033 · -1.9%
• By 2050: 431,760 · -4.8%
• By 2075: 406,277 · -10.4%
• By 2100: 364,732 · -19.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (66%)
• Race & ethnicity: Black 66% Hispanic / Latino 15% Two or more races 14% White 10%
• Hispanic origin (detail): Puerto Rican 9% Dominican 2%
• Common ancestry: Swiss 4% Romanian 2% Hispanic 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 10% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · Burlington

• 2024 margin: D (+16.6) · D 57.6% · R 41.0% · Other 1.3%
• 2008→2024 swing: -2.0pp toward R · 2008: 18.6pp · 2024: 16.6pp
• All cycles: 2024: D+16.6 2020: D+19.5 2016: D+14.8 2012: D+18.7 2008: D+18.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -273.52%
• Current HPI: 348.3441
• 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

1 event — show timeline

• 2026-05-07 Listed $275,000 BRIGHT MLS

Property tax history

+1.4%/yr

Latest (2014): $4,479 · +3.4% YoY. Source: county tax records.