1242 Liberte Ct · Burlington, NJ 08016

$174,777

2 bd · 1.0 ba · 888 sqft · Condo public records · 65 Days on market

Built 1972 $200/mo HOA · 10% 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 +22.2/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +6.3/10.0
• 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

Put some sweat equity into this condo and make it your own. This 2nd-floor condo offers the following benefits: close to stores, restaurants, bus lines, River Line light rail train station, major routes, and Pennsylvania. This home offers large spacious rooms and a sliding door to take you outside to sit and relax on the small balcony. The buyer is responsible for obtaining the certificate of occupancy. Any inspections are for informational purposes only. If value and location are what you are looking for, this is the home for you.

Key facts

• Second floor
• Centrally located
• $200 HOA

Tags

• SECOND FLOOR
• CENTRALLY LOCATED

Property features AI

Finance

• HOA & community: Monthly condo fee of $200; Professionally managed off-site association; HOA covers common area maintenance, exterior building maintenance, lawn maintenance, snow removal, and water; One-time other fee of $850

Exterior

• Parking: Assigned parking space in a parking lot (1 assigned space)
• Utilities: Public water; Public sewer; Electric hot water; 100 amp electric service with circuit breakers; Natural gas for heating
• Home design: Condominium unit (Garden building, 1–4 floors); Single-floor unit (one floor in unit); Unit/Flat structure
• Construction: Block construction; Asphalt roof; Above grade and below grade structures present; Built year reported by assessor
• Exterior features: Balcony; Not in a federal flood zone; Property managed by on-site property manager present

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: Two bedrooms on the first upper level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Living room; No basement; Assessor-reported living area
• Laundry & utility: No in-unit washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $164k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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: 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: 180 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 65 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask is 8639% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $118k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $164,290 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 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 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 1.13% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.96%
• DSCR: 1.31
• GRM: 7.4

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: -5.6%
• Equity multiple: 0.79×
• Total profit: $-10,169
• Equity at exit: $26,060

10-year hold

• IRR: 4.1%
• Equity multiple: 1.30×
• Total profit: $14,722
• Equity at exit: $15,112

Cash invested: $48,938 (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: 180
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,977 high
• Mortgage (P&I): −$917
• Tax from tax record: −$89 /mo · $1,065/yr
• Insurance: −$73
• HOA: −$200
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $284

Break-even live

Break-even rent $1,618

Max offer price $174,777

Occupancy floor 81%

Sensitivity live

Price	-10% $383	-5% $333	+0% $284	+5% $234	+10% $185
Rent	-10% $128	-5% $206	+0% $284	+5% $362	+10% $440
Rate	-1.0pp $372	-0.5pp $328	base $284	+0.5pp $239	+1.0pp $193

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: $43,694
• Closing costs: $5,243
• 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	6d	1	0.20mi
1000 Ivorie Ct Burlington, NJ	1.0–2.0	1.0	1025	$2,075	$2.02	25d	1	0.26mi
1701 Salem Rd Burlington, NJ	1.0–2.0	1.0	730	$1,839	$2.52	2d	2	0.54mi
1020 Woodlane Rd Beverly, NJ	2.0	1.0–1.5	1515	$2,069	$1.37	2d	13	1.08mi
28 Palmer Sq Beverly, NJ	2.0	1.5	1096	$2,450	$2.24	2d	1	1.15mi
907 Woodlane Rd Beverly, NJ	1.0	1.0	700	$1,450	$2.07	44d	1	1.32mi

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-21
   days on market $174,777 Active 65 DOM
2. 2026-06-18
   days on market $174,777 Active 62 DOM
3. 2026-06-17
   days on market $174,777 Active 61 DOM
4. 2026-06-16
   days on market $174,777 Active 60 DOM
5. 2026-06-15
   days on market $174,777 Active 59 DOM
6. 2026-06-13
   days on market $174,777 Active 57 DOM
7. 2026-06-09
   days on market $174,777 Active 53 DOM
8. 2026-06-08
   days on market $174,777 Active 52 DOM
9. 2026-06-07
   pricedays on market $174,777 Active 51 DOM
10. 2026-06-04
    days on market $179,777 Active 48 DOM
11. 2026-06-03
    days on market $179,777 Active 47 DOM
12. 2026-06-02
    days on market $179,777 Active 46 DOM
13. 2026-06-01
    days on market $179,777 Active 45 DOM
14. 2026-05-31
    days on market $179,777 Active 44 DOM
15. 2026-05-22
    price $184,777
16. 2026-05-10
    listed $2,000
17. 2026-05-09
    status Active
18. 2026-05-06
    status Pending
19. 2026-05-02
    historical $2,000
20. 2026-05-01
    historical Active Under Contract
21. 2026-04-23
    price $189,777
22. 2026-04-09
    listed $199,777 Active
23. 2026-03-03
    listed $2,000
24. 2026-02-15
    historical $2,200
25. 2026-02-06
    price $2,200
26. 2026-02-05
    listed $2,000
27. 2024-11-01
    soldstatus $117,777
28. 2024-09-13
    soldstatus $117,777 Closed 537-char remark

    Show marketing remark (537 chars)

    Put some sweat equity into this condo and make it your own. This 2nd-floor condo offers the following benefits: close to stores, restaurants, bus lines, River Line light rail train station, major routes, and Pennsylvania. This home offers large spacious rooms and a sliding door to take you outside to sit and relax on the small balcony. The buyer is responsible for obtaining the certificate of occupancy. Any inspections are for informational purposes only. If value and location are what you are looking for, this is the home for you.

29. 2024-09-06
    status Pending 537-char remark

    Show marketing remark (537 chars)

    Put some sweat equity into this condo and make it your own. This 2nd-floor condo offers the following benefits: close to stores, restaurants, bus lines, River Line light rail train station, major routes, and Pennsylvania. This home offers large spacious rooms and a sliding door to take you outside to sit and relax on the small balcony. The buyer is responsible for obtaining the certificate of occupancy. Any inspections are for informational purposes only. If value and location are what you are looking for, this is the home for you.

30. 2024-08-21
    historical Active Under Contract 537-char remark

    Show marketing remark (537 chars)

    Put some sweat equity into this condo and make it your own. This 2nd-floor condo offers the following benefits: close to stores, restaurants, bus lines, River Line light rail train station, major routes, and Pennsylvania. This home offers large spacious rooms and a sliding door to take you outside to sit and relax on the small balcony. The buyer is responsible for obtaining the certificate of occupancy. Any inspections are for informational purposes only. If value and location are what you are looking for, this is the home for you.

31. 2024-08-15
    listed $110,000 Active 537-char remark

    Show marketing remark (537 chars)

    Put some sweat equity into this condo and make it your own. This 2nd-floor condo offers the following benefits: close to stores, restaurants, bus lines, River Line light rail train station, major routes, and Pennsylvania. This home offers large spacious rooms and a sliding door to take you outside to sit and relax on the small balcony. The buyer is responsible for obtaining the certificate of occupancy. Any inspections are for informational purposes only. If value and location are what you are looking for, this is the home for you.

32. 1989-01-24
    soldstatus $41,500
33. 1985-12-04
    soldstatus $27,000

ⓘ 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: $1,065 · $89/mo
• Projected year-2 tax: $2,708 · $226/mo
• Expected delta: +$1,644/yr (+$137/mo · 154.4%)

ⓘ 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: $23,726
• − Mortgage interest: −$9,790
• − Property taxes: −$1,065
• − Insurance: −$874
• − Repairs & maintenance: −$1,898
• − Management: −$1,898
• − HOA: −$2,400
• − Depreciation: −$5,084
• Taxable income: $717
• Est. tax owed @ 24.0%: −$172
• After-tax cash flow: $3,234/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

+584.4% since first listed

19 events — show timeline

• 2026-05-22 Price Changed $184,777 BRIGHT MLS
• 2026-05-10 Listed for Rent $2,000 BRIGHTMLS
• 2026-05-09 Relisted — BRIGHT MLS
• 2026-05-06 Pending — BRIGHT MLS
• 2026-05-02 Rental Removed $2,000 BRIGHTMLS
• 2026-05-01 Contingent — BRIGHT MLS
• 2026-04-23 Price Changed $189,777 BRIGHT MLS
• 2026-04-09 Listed $199,777 BRIGHT MLS
• 2026-03-03 Listed for Rent $2,000 BRIGHTMLS
• 2026-02-15 Rental Removed $2,200 TURBOTENANT
• 2026-02-06 Price Changed $2,200 TURBOTENANT
• 2026-02-05 Listed for Rent $2,000 TURBOTENANT
• 2024-11-01 Sold (Public Records) $117,777 Public Records
• 2024-09-13 Sold (MLS) $117,777 BRIGHT MLS
• 2024-09-06 Pending — BRIGHT MLS
• 2024-08-21 Contingent — BRIGHT MLS
• 2024-08-15 Listed $110,000 BRIGHT MLS
• 1989-01-24 Sold (Public Records) $41,500 Public Records
• 1985-12-04 Sold (Public Records) $27,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $1,065 · +0.6% YoY. Source: county tax records.