402 Pennington Dr #200 · Westampton, NJ 08060

$411,000

3 bd · 2.0 ba · 2,116 sqft · SingleFamily · 1 Days on market

Built 1958 Fair condition 10,049 sqft lot Est $453k · 9% under

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Why this score? — see what drove the D 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 +13.9/30.0
• ARV discount +11.7/15.0
• DSCR +4.2/10.0
• 1% rule +3.9/10.0
• Schools +3.1/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks! This ranch-style home offers potential for buyers ready to add their personal touch. Featuring 3 bedrooms and 1.5 baths, the property sits on a generously sized lot with plenty of room to grow. Inside, you’ll find a spacious living and dining room combination. The kitchen has been previously updated with classic white Shaker-style cabinetry and includes gas cooking. The primary bedroom features a convenient ensuite half bath, while two additional bedrooms share a full bath with a tub/shower combination. The unfinished basement provides excellent potential for future expansion, a workshop, or abundant storage space. Step outside to a large backyard with an open patio—ideal for relaxing, gardening, or hosting gatherings. Bring your vision and creativity to transform this promising property into your dream home or a rewarding investment opportunity!

Key facts

• Updated kitchen
• Spacious living room
• 0.23 acre lot

Tags

• SPACIOUS LIVING ROOM
• OPEN CONCEPT LIVING AND DINING
• UPDATED KITCHEN
• ABUNDANT CABINET SPACE
• FULLY FINISHED BASEMENT
• OUTDOOR LIVING ON PATIO

Property features AI

Finance

• Financial info: Fee simple ownership; Property condition listed as very good; Lease not considered

Exterior

• Parking: Attached carport (1 space); total garage/parking spaces: 1
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Detached single-family home; Main entrance faces northeast; Effective year of major renovation: 2026
• Construction: Frame construction with vinyl siding and brick veneer; Block foundation; Structure not winterized
• Exterior features: Patio(s); Not in a federal flood zone; Lot dimensions approximately 75 x 134

Interior

• Kitchen: Built-in microwave; Gas oven/range; Refrigerator; Dishwasher
• Bedrooms: Three bedrooms on the main level
• Flooring: Luxury vinyl plank; Ceramic tile; Carpet
• Bathrooms: One full bathroom and two half bathrooms (main level: one full, one half; lower level: one half)
• Heating & cooling: Central heating (natural gas); Central air conditioning; 100 amp electric service; Natural gas hot water
• Interior features: Traditional floor plan with combined dining and living area; Eat-in kitchen; Tub/shower; Ceiling fans; Fully finished basement; Estimated living area
• Laundry & utility: Laundry in the basement; Utility room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $411k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $42 ($510/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $365k (11.2% below list).
• Recommended offer: $365k (11.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Westampton Township Public School District (suburban): math 17% / reading 44% proficiency, ranked #288 of 472 in NJ (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.4%/yr); 134 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 2d 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 40% of the median local income ($109k/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 $3k of loan paydown is wiped out by about $12k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $281k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% 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 $364,913 (11.2% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1958 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.89% ✗
• Cap rate: 6.42%
• Cash-on-cash: 0.44%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $452,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Lancaster Ct	0.39mi	3/2.5	2,128 (+1%)	2mo	$450,000	$211	78
30 Dover Rd	0.25mi	4/2.0 (+1)	2,183 (+3%)	6mo	$485,000	$222	73
603 Bloomfield Dr	0.21mi	3/3.0	2,188 (+3%)	10mo	$460,000	$210	72
204 Woodpecker Ln	0.50mi	3/2.0	1,987 (-6%)	1mo	$407,360	$205	66
13 Tarnsfield Rd	0.42mi	4/2.5 (+1)	2,178 (+3%)	6mo	$380,000	$174	63
15 Lancaster Dr	0.54mi	3/2.5	2,044 (-3%)	8mo	$510,000	$250	61
65 Dover Rd	0.21mi	3/1.5	1,860 (-12%)	11mo	$445,555	$240	59
207 Canary Ln	0.38mi	3/1.5	1,802 (-15%)	1mo	$369,900	$205	55
16 Lancaster Ct	0.38mi	4/2.5 (+1)	1,858 (-12%)	0mo	$485,000	$261	54
50 Brighton Rd	0.48mi	4/2.0 (+1)	2,335 (+10%)	4mo	$500,000	$214	52
1010 Holly Ln	0.46mi	4/1.5 (+1)	1,938 (-8%)	11mo	$435,000	$224	48
503 Emma St	0.70mi	3/2.0	1,897 (-10%)	9mo	$406,000	$214	42

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 · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -17.4%
• Equity multiple: 0.40×
• Total profit: $-69,550
• Equity at exit: $61,281

10-year hold

• IRR: -12.6%
• Equity multiple: 0.31×
• Total profit: $-79,559
• Equity at exit: $35,536

Cash invested: $115,080 (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 08060

• Home prices YoY: -34.5%
• Rents YoY: 1.4%
• Active inventory: 134
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,649 high
• Mortgage (P&I): −$2,155
• Tax est. 1.5%: −$514 /mo · $6,165/yr
• Insurance: −$171
• HOA: −$0
• Vacancy / Maint / Mgmt: −$766
• Net cashflow: $42

Break-even live

Break-even rent $3,595

Max offer price $411,000

Occupancy floor 94%

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: $102,750
• Closing costs: $12,330
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 Bloomfield Dr Westampton, NJ	4.0	2.0	1975	$4,950	$2.51	1d	1	0.25mi
1 Kirby Ct Mt Holly, NJ	1.0–3.0	1.0–2.5	1349	$3,125	$2.32	1d	12	0.26mi
502 Bloomfield Dr Westampton, NJ	4.0	3.0	1666	$4,950	$2.97	1d	1	0.27mi
64 Regency Dr Mt Holly, NJ	1.0–3.0	1.0–2.0	1066	$2,800	$2.63	1d	1	0.35mi
610 Ogden Dr Westampton, NJ	4.0	2.0	2370	$4,200	$1.77	22d	1	0.39mi
302 Barrington Ct Mt Holly, NJ	1.0–3.0	1.0–2.5	1226	$2,959	$2.41	1d	9	0.41mi
10 Stanton Rd Mount Holly, NJ	3.0	2.5	2208	$3,300	$1.49	1d	1	0.43mi
209 Front St Mount Holly, NJ	4.0	2.5	1500	$4,950	$3.30	1d	1	0.90mi
144 Washington St Unit C Mt Holly, NJ	3.0	1.0	1450	$2,370	$1.63	15d	1	1.06mi
37 Church St Mount Holly, NJ	3.0	1.5	1900	$2,370	$1.25	10d	1	1.21mi

Listing history 3 events

1. 2026-04-08
   soldstatus $280,759 Closed 890-char remark

   Show marketing remark (890 chars)

   Opportunity knocks! This ranch-style home offers potential for buyers ready to add their personal touch. Featuring 3 bedrooms and 1.5 baths, the property sits on a generously sized lot with plenty of room to grow. Inside, you’ll find a spacious living and dining room combination. The kitchen has been previously updated with classic white Shaker-style cabinetry and includes gas cooking. The primary bedroom features a convenient ensuite half bath, while two additional bedrooms share a full bath with a tub/shower combination. The unfinished basement provides excellent potential for future expansion, a workshop, or abundant storage space. Step outside to a large backyard with an open patio—ideal for relaxing, gardening, or hosting gatherings. Bring your vision and creativity to transform this promising property into your dream home or a rewarding investment opportunity!

2. 2026-03-06
   historical 890-char remark

   Show marketing remark (890 chars)

   Opportunity knocks! This ranch-style home offers potential for buyers ready to add their personal touch. Featuring 3 bedrooms and 1.5 baths, the property sits on a generously sized lot with plenty of room to grow. Inside, you’ll find a spacious living and dining room combination. The kitchen has been previously updated with classic white Shaker-style cabinetry and includes gas cooking. The primary bedroom features a convenient ensuite half bath, while two additional bedrooms share a full bath with a tub/shower combination. The unfinished basement provides excellent potential for future expansion, a workshop, or abundant storage space. Step outside to a large backyard with an open patio—ideal for relaxing, gardening, or hosting gatherings. Bring your vision and creativity to transform this promising property into your dream home or a rewarding investment opportunity!

3. 2026-02-23
   listed $254,900 Active 890-char remark

   Show marketing remark (890 chars)

   Opportunity knocks! This ranch-style home offers potential for buyers ready to add their personal touch. Featuring 3 bedrooms and 1.5 baths, the property sits on a generously sized lot with plenty of room to grow. Inside, you’ll find a spacious living and dining room combination. The kitchen has been previously updated with classic white Shaker-style cabinetry and includes gas cooking. The primary bedroom features a convenient ensuite half bath, while two additional bedrooms share a full bath with a tub/shower combination. The unfinished basement provides excellent potential for future expansion, a workshop, or abundant storage space. Step outside to a large backyard with an open patio—ideal for relaxing, gardening, or hosting gatherings. Bring your vision and creativity to transform this promising property into your dream home or a rewarding investment opportunity!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% 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: $43,790
• − Mortgage interest: −$23,022
• − Property taxes: −$6,165
• − Insurance: −$2,055
• − Repairs & maintenance: −$3,503
• − Management: −$3,503
• − Depreciation: −$11,956
• Taxable loss: −$6,416
• Est. tax savings @ 24.0%: +$1,540
• After-tax cash flow: $2,050/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations, including new flooring, countertops, and landscaping, to improve its condition and value.

Repairs flagged

• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Missing countertops and fixtures — Aesthetic and functional issues
• Major Missing flooring — Safety hazard and aesthetic issue

Value-add opportunities

• Resale New countertops and fixtures in kitchen and bath — Enhances aesthetic and functionality
• Resale New flooring and paint — Improves overall appearance
• Both Landscaping and exterior maintenance — Enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed subfloor in kitchen and bath · Structural damage	Major	$15,000–50,000
Missing countertops and fixtures · Aesthetic and functional issues	Major	$15,000–50,000
Missing flooring · Safety hazard and aesthetic issue	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale New countertops and fixtures in kitchen and bath — Enhances aesthetic and functionality ↑
• Resale New flooring and paint — Improves overall appearance ↑
• Both Landscaping and exterior maintenance — Enhances curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Westampton Township Public School District
• NCES district ID: 3417730
• Math proficiency: 17% ▼ -21.00%
• Reading proficiency: 44% ▼ -12.00%
• Median HH income: $97,154
• Composite: 31.02/100
• National rank: #6090
• State rank: #288 of 472 in NJ

Livability — Westampton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Burlington County · 323,710 people
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 25,835
• Household income: $109,292
• Rent vs Own: 26.0% rent · 74.0% own
• Severe rent burden: 562.0

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 49% Black 25% Two or more races 15% Hispanic / Latino 13% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7%
• Common ancestry: Romanian 4% Lithuanian 2% Italian 1%
• Foreign-born: 11% · Canada, Dominican Republic, China
• Languages at home: 87% English-only · Spanish 7% Other Indo-European 2% French/Haitian/Cajun 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: ▼ -156.50%
• Current HPI: 296.564
• Rent YoY: ▲ 1.42%
• 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

+10.1% since first listed

3 events — show timeline

• 2026-04-08 Sold (MLS) $280,759 BRIGHT MLS
• 2026-03-06 Listing Removed — BRIGHT MLS
• 2026-02-23 Listed $254,900 BRIGHT MLS