137 Belmont · Burlington, NJ 08016

$179,900

4 bd · 1.0 ba · 1,346 sqft · SingleFamily public records · 16 Days on market

Built 1900 1,306 sqft lot Est $285k · 37% 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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two Story Single Family Home in Burlington City on a large fenced corner lot. This home features 2 bedrooms with sitting room, additional finished attic room and1 full bathroom, Front porch, basement, driveway parking, gas heat. An extra lot is included to make this an extra large yard with driveway parking. Sold in as-is condition with CO and all inspections the responsibility of the buyer. Lots of potential here!

Key facts

• Spacious backyard
• Ample parking
• 1,306 sq ft lot

Tags

• SPACIOUS BACKYARD
• AMPLE PARKING

Property features AI

Exterior

• Utilities: Natural gas heating fuel; Natural gas hot water; Public water; Public sewer
• Home design: Detached property; Estimated year built
• Construction: Aluminum siding; Shingle roof; Slab foundation; Above-grade structure
• Exterior features: No tidal water

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Four bedrooms on the upper level; Rooms include living room, dining room, master bedroom, two additional bedrooms, kitchen, and attic
• Flooring: Wood flooring
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Baseboard electric heating; Cooling: Other
• Interior features: Eat-in kitchen; Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.6% 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.
• Burlington City Public School District (suburban): math 7% / reading 29% proficiency, ranked #439 of 472 in NJ (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Burlington City High School (math 9% / reading 35%, grade F, #346 of 399 statewide, top 88%, 813 students, 51% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: 179 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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 30% 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 $1k of loan paydown is wiped out by about $5k 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 16 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 27y 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 $99k; list at $180k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $177,201 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.38% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $285,352
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
165 W Federal St	0.41mi	3/1.0 (-1)	1,344 (-0%)	1mo	$278,000	$207	75
503 Linden Ave	0.17mi	3/2.0 (-1)	1,264 (-6%)	8mo	$185,000	$146	67
677 Ella Ave	0.41mi	3/1.5 (-1)	1,365 (+1%)	10mo	$289,000	$212	63
134 Juniper St	0.42mi	3/1.0 (-1)	1,280 (-5%)	8mo	$335,000	$262	61
911 Allison	0.72mi	4/1.0	1,303 (-3%)	1mo	$308,510	$237	60
144 Farner Ave	0.53mi	3/1.5 (-1)	1,404 (+4%)	2mo	$240,000	$171	60
1110 Pope St	0.54mi	3/2.0 (-1)	1,310 (-3%)	6mo	$310,000	$237	57
800 High St	0.40mi	3/1.5 (-1)	1,515 (+13%)	8mo	$310,000	$205	47
718 Bordentown Rd	0.59mi	3/2.0 (-1)	1,474 (+10%)	4mo	$349,500	$237	44
304 York St	0.39mi	3/2.0 (-1)	1,540 (+14%)	9mo	$230,000	$149	41
845 Bordentown Rd	0.73mi	3/1.0 (-1)	1,192 (-11%)	4mo	$177,000	$148	38
244 Fernwood Ave	0.71mi	3/1.5 (-1)	1,172 (-13%)	10mo	$315,000	$269	30

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: -8.5%
• Equity multiple: 0.69×
• Total profit: $-15,688
• Equity at exit: $26,824

10-year hold

• IRR: 1.3%
• Equity multiple: 1.09×
• Total profit: $4,653
• Equity at exit: $15,554

Cash invested: $50,372 (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 08016

• Home prices YoY: -21.8%
• Active inventory: 179
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,483 high
• Mortgage (P&I): −$943
• Tax from tax record: −$311 /mo · $3,730/yr
• Insurance: −$75
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $206

Break-even live

Break-even rent $2,223

Max offer price $179,900

Occupancy floor 87%

Sensitivity live

Price	-10% $308	-5% $257	+0% $206	+5% $155	+10% $104
Rent	-10% $10	-5% $108	+0% $206	+5% $304	+10% $402
Rate	-1.0pp $296	-0.5pp $252	base $206	+0.5pp $159	+1.0pp $112

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
405 Lawrence St Burlington, NJ	4.0	1.0	1859	$2,000	$1.08	5d	1	0.25mi
341 Clarkson St Burlington, NJ	3.0	2.0	1080	$2,800	$2.59	1d	1	0.26mi
328 High St Unit 2A Burlington, NJ	3.0	1.5	1200	$2,345	$1.95	12d	1	0.41mi
328 High St Unit 2B Burlington, NJ	3.0	1.0	1200	$2,345	$1.95	12d	1	0.41mi
806 High St Burlington, NJ	3.0	1.0	1376	$2,100	$1.53	19d	1	0.41mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1600	$2,750	$1.72	15d	1	0.44mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1404	$2,400	$1.71	1d	1	0.44mi
229 High St Burlington, NJ	3.0	1.0	1200	$1,975	$1.65	19d	1	0.50mi
103 W Union St Burlington, NJ	4.0	2.5	1333	$2,200	$1.65	15d	1	0.52mi
105 W Union St Burlington, NJ	4.0	1.5	1645	$2,000	$1.22	2d	1	0.53mi
1201 High St Burlington, NJ	3.0	1.0	1064	$2,100	$1.97	24d	1	0.57mi
1001 Armistice Dr Burlington, NJ	3.0	1.0	884	$2,300	$2.60	24d	1	0.98mi
115 Cedar St Unit 2 Bristol, PA	3.0	1.0	1700	$2,600	$1.53	1d	1	1.49mi

Listing history 13 events

1. 2026-06-18
   days on market $179,900 Active 16 DOM
2. 2026-06-17
   days on market $179,900 Active 15 DOM
3. 2026-06-16
   days on market $179,900 Active 14 DOM
4. 2026-06-15
   days on market $179,900 Active 13 DOM
5. 2026-06-13
   days on market $179,900 Active 11 DOM
6. 2026-06-13
   remarks 600-char remark
7. 2026-06-13
   days on market $179,900 Active 10 DOM
8. 2026-06-09
   days on market $179,900 Active 7 DOM
9. 2026-06-08
   days on market $179,900 Active 6 DOM
10. 2026-06-07
    days on market $179,900 Active 5 DOM
11. 2026-06-04
    days on market $179,900 Active 2 DOM
12. 2026-06-02
    remarks 532-char remark
13. 2026-06-02
    listed $179,900 Active 1 DOM

ⓘ 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: $3,730 · $311/mo
• Projected year-2 tax: $4,105 · $342/mo
• Expected delta: +$375/yr (+$31/mo · 10.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,797
• − Mortgage interest: −$10,077
• − Property taxes: −$3,730
• − Insurance: −$6,018
• − Repairs & maintenance: −$2,384
• − Management: −$2,384
• − Depreciation: −$5,233
• Taxable loss: −$30
• Est. tax savings @ 24.0%: +$7
• After-tax cash flow: $2,477/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: Burlington City Public School District
• NCES district ID: 3402430
• Math proficiency: 7% ▼ -16.00%
• Reading proficiency: 29% ▼ -8.00%
• Median HH income: $51,122
• Composite: 16.27/100
• National rank: #9218
• State rank: #439 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

• Census place: Burlington, NJ
• County: Burlington County · 323,710 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 34,920
• Household income: $98,463
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 1045.0

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: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 44% Black 33% Two or more races 10% Hispanic / Latino 9% Asian 7%
• Hispanic origin (detail): Puerto Rican 4% Dominican 1%
• Common ancestry: Romanian 4% Hispanic 2% Lithuanian 1%
• Foreign-born: 15% · Canada
• Languages at home: 84% English-only · Spanish 4% Other Indo-European 4% French/Haitian/Cajun 2%

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: ▼ -83.42%
• Current HPI: 298.7935
• 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

+164.6% since first listed

22 events — show timeline

• 2026-06-02 Listed $179,900 BRIGHT MLS
• 2025-06-30 Listing Removed — BRIGHT MLS
• 2025-06-05 Relisted — BRIGHT MLS
• 2025-05-13 Listing Removed — BRIGHT MLS
• 2025-03-26 Price Changed $224,900 BRIGHT MLS
• 2025-03-10 Relisted — BRIGHT MLS
• 2025-02-17 Listing Removed — BRIGHT MLS
• 2025-01-29 Listed $229,900 BRIGHT MLS
• 2025-01-28 Coming Soon — BRIGHT MLS
• 2023-09-21 Sold (Public Records) $99,000 Public Records
• 2023-08-24 Sold (MLS) $99,000 BRIGHT MLS
• 2023-08-10 Pending — BRIGHT MLS
• 2023-07-31 Sold (MLS) $99,000 BRIGHT MLS
• 2023-07-18 Pending — BRIGHT MLS
• 2023-07-13 Contingent — BRIGHT MLS
• 2023-06-05 Listed $135,000 BRIGHT MLS
• 2022-02-02 Listing Removed — BRIGHT MLS
• 2021-09-30 Listed $129,000 BRIGHT MLS
• 2001-08-30 Listing Removed — BRIGHT MLS
• 2001-05-30 Listed $17,900 BRIGHT MLS
• 2000-06-12 Listing Removed — BRIGHT MLS
• 1999-12-20 Listed $68,000 BRIGHT MLS

Property tax history

+7.1%/yr

Latest (2025): $3,730 · +2.6% YoY. Source: county tax records.