1215 Liberte Ct · Burlington, NJ 08016

$158,000

1 bd · 1.0 ba · 840 sqft · Condo public records · 31 Days on market

Built 1972 $203/mo HOA · 12% of rent

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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 +19.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +6.0/10.0
• Livability +3.9/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

Key facts

• $203 HOA
• Parking
• Built 1972

Property features AI

Finance

• HOA & community: Monthly condo fee of $203; Professionally managed off-site association; HOA covers common area maintenance, exterior building maintenance, lawn maintenance, snow removal, trash, and water

Exterior

• Parking: One assigned parking space in a parking lot
• Utilities: Public water; Public sewer; Electric cooling and hot water; Natural gas heating
• Home design: Garden-style building (1–4 floors); Unit/flat
• Construction: Vinyl siding; Slab foundation; Pets allowed on a case-by-case basis
• Exterior features: Above-grade and below-grade structures noted; Lot dimensions listed from assessor

Interior

• Kitchen: Appliances not specified
• Bedrooms: One bedroom on the main level
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning; Electric hot water
• Interior features: Condominium ownership; No basement; Property in excellent to very good condition; Property manager on site
• Laundry & utility: Washer and dryer in unit

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $158k.

Deal economics

• At list price, monthly cash flow is $185 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $158k).
• Recommended offer: $153k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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: schools C-, amenities F.
• Burlington Township School District (suburban): math 20% / reading 50% proficiency, ranked #258 of 472 in NJ (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 179 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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).

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 31 days — a 3% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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 $70k; list at $158k implies a 126% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $153,260 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 7.69%
• Cash-on-cash: 5.01%
• DSCR: 1.22
• GRM: 7.6

CMA / ARV

No comps found within radius.

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: $-13,763
• Equity at exit: $23,558

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $3,489
• Equity at exit: $13,661

Cash invested: $44,240 (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: 7.6×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$829
• Tax from tax record: −$86 /mo · $1,028/yr
• Insurance: −$66
• HOA: −$203
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $185

Break-even live

Break-even rent $1,498

Max offer price $158,000

Occupancy floor 84%

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1020 Jardin Ct Burlington, NJ	2.0	1.0	1024	$1,800	$1.76	5d	1	0.14mi
1000 Ivorie Ct Burlington, NJ	1.0–2.0	1.0	1025	$1,650	$1.61	24d	1	0.18mi
1701 Salem Rd Burlington, NJ	1.0–2.0	1.0	730	$1,518	$2.08	2d	2	0.56mi
1020 Woodlane Rd Beverly, NJ	2.0	1.0–1.5	1515	$1,794	$1.18	2d	13	1.00mi
28 Palmer Sq Beverly, NJ	2.0	1.5	1096	$2,450	$2.24	1d	1	1.08mi
907 Woodlane Rd Beverly, NJ	1.0	1.0	700	$1,450	$2.07	44d	1	1.25mi

HOA detail condo

• Monthly dues: $203 · $2,436/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-13
   days on market $158,000 Active 31 DOM
2. 2026-06-09
   days on market $158,000 Active 27 DOM
3. 2026-06-08
   days on market $158,000 Active 26 DOM
4. 2026-06-07
   days on market $158,000 Active 25 DOM
5. 2026-06-04
   days on market $158,000 Active 22 DOM
6. 2026-06-03
   days on market $158,000 Active 21 DOM
7. 2026-06-02
   days on market $158,000 Active 20 DOM
8. 2026-06-01
   days on market $158,000 Active 19 DOM
9. 2026-05-31
   days on market $158,000 Active 18 DOM
10. 2026-05-14
    listed $158,000 Active
11. 2026-04-30
    historical $158,000
12. 2023-04-12
    soldstatus $70,000
13. 2015-12-11
    soldstatus $30,000 Sold 488-char remark

    Show marketing remark (486 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

14. 2015-12-11
    soldstatus $30,000 486-char remark

    Show marketing remark (486 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

15. 2015-11-23
    status Under Contract 488-char remark

    Show marketing remark (488 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

16. 2015-11-08
    soldstatus $30,000 Sold 488-char remark

    Show marketing remark (488 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

17. 2015-08-28
    status Under Contract 488-char remark

    Show marketing remark (488 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

18. 2015-08-27
    historical 486-char remark

    Show marketing remark (486 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

19. 2015-08-12
    listed $29,200 Active 488-char remark

    Show marketing remark (486 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

20. 2015-08-12
    listed $29,200 486-char remark

    Show marketing remark (486 chars)

    Priced to Sell! 1st floor end unit. Corporate Owned ? sold "As Is". Buyer Responsible To Order C/O, And For Any Repairs. Earnest Deposit - Minimum $2,500 or 5% (whichever is higher. All Lenders MUST be willing to lend on an "AS IS" condition. Vacant easy to show and available for immediate occupancy. All cash offers should be submitted with proof of funds for closing. All non-cash offers should be submitted with a prequalification letter from a reputable lender.

21. 2010-05-12
    soldstatus $78,000
22. 2010-04-30
    soldstatus $78,000
23. 2010-04-30
    soldstatus $78,000
24. 2009-08-19
    historical
25. 2009-01-28
    listed $79,999
26. 2009-01-28
    listed $79,999
27. 1987-07-29
    soldstatus $35,000
28. 1980-09-01
    soldstatus $20,490

ⓘ 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: $1,028 · $86/mo
• Projected year-2 tax: $2,481 · $207/mo
• Expected delta: +$1,453/yr (+$121/mo · 141.3%)

ⓘ 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: $20,775
• − Mortgage interest: −$8,850
• − Property taxes: −$1,028
• − Insurance: −$790
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − HOA: −$2,436
• − Depreciation: −$4,596
• Taxable loss: −$250
• Est. tax savings @ 24.0%: +$60
• After-tax cash flow: $2,275/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 Township School District
• NCES district ID: 3402460
• Math proficiency: 20% ▼ -22.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $82,078
• Composite: 33.29/100
• National rank: #5508
• State rank: #258 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): 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

+671.1% since first listed

19 events — show timeline

• 2026-05-14 Listed $158,000 BRIGHT MLS
• 2026-04-30 Coming Soon $158,000 BRIGHT MLS
• 2023-04-12 Sold (Public Records) $70,000 Public Records
• 2015-12-11 Sold (MLS) $30,000 BRIGHT MLS
• 2015-12-11 Sold (MLS) $30,000 TREND
• 2015-11-23 Pending — TREND
• 2015-11-08 Sold (MLS) $30,000 TREND
• 2015-08-28 Pending — TREND
• 2015-08-27 Listing Removed — BRIGHT MLS
• 2015-08-12 Listed $29,200 TREND
• 2015-08-12 Listed $29,200 BRIGHT MLS
• 2010-05-12 Sold (Public Records) $78,000 Public Records
• 2010-04-30 Sold (MLS) $78,000 TREND
• 2010-04-30 Sold (MLS) $78,000 BRIGHT MLS
• 2009-08-19 Listing Removed — BRIGHT MLS
• 2009-01-28 Listed $79,999 TREND
• 2009-01-28 Listed $79,999 BRIGHT MLS
• 1987-07-29 Sold (Public Records) $35,000 Public Records
• 1980-09-01 Sold (Public Records) $20,490 Public Records

Property tax history

-0.2%/yr

Latest (2025): $1,028 · +0.6% YoY. Source: county tax records.