315 Jones Ave · Burlington, NJ 08016

$167,000

4 bd · 1.0 ba · 2,464 sqft · Townhouse public records · 119 Days on market

Built 1898 6,486 sqft lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• 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

Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

Key facts

• Built 1898
• Listed 118 days

Property features AI

Finance

• Other: Finished above-grade area approximately 2,464 (estimated); Lease not considered

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Electric available; Natural gas available; Water available; Sewer available; Underground utilities; Municipal trash service
• Home design: Semi-detached property; Major rehab needed; Fee simple ownership; Estimated year built
• Construction: Crawl space foundation; Above-grade and below-grade structures
• Exterior features: Additional lot(s); Lot dimensions approximately 55 x 118

Interior

• Bedrooms: Four bedrooms on the main level
• Bathrooms: One full bathroom on the main level; One full bathroom total
• Heating & cooling: Natural gas heating; Natural gas hot water
• Interior features: Estimated living area; Basement (combination)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath townhouse listed at $167k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $167k).
• Recommended offer: $152k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.1% 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 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.
• Market conditions: 179 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 119 days — a 9% lower offer ($152k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 28y 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 $80k; list at $167k implies a 109% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1898 — 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 $151,970 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1898 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.47% ✓
• Cap rate: 11.10%
• Cash-on-cash: 17.18%
• DSCR: 1.76
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $337,568
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
217 Penn St	0.34mi	4/2.5	2,397 (-3%)	14mo	$250,000	$104	62
319 E Union St	0.27mi	5/2.0 (+1)	2,360 (-4%)	22mo	$160,000	$68	53
504 York St	0.10mi	5/3.0 (+1)	2,117 (-14%)	8mo	$355,000	$168	52
233 Ellis St	0.70mi	5/3.0 (+1)	2,504 (+2%)	0mo	$350,000	$140	51
202 W Union St	0.59mi	4/2.5	2,232 (-9%)	7mo	$299,900	$134	45
244 Conover St	0.64mi	5/2.0 (+1)	2,140 (-13%)	0mo	$355,000	$166	39
237 Conover St	0.63mi	5/2.0 (+1)	2,112 (-14%)	19mo	$290,000	$137	21

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: -6.5%
• Equity multiple: 0.76×
• Total profit: $-11,210
• Equity at exit: $24,900

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $11,688
• Equity at exit: $14,439

Cash invested: $46,760 (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: 5.7×

Monthly cashflow live

• Estimated rent: $2,462 high
• Mortgage (P&I): −$876
• Tax from tax record: −$330 /mo · $3,961/yr
• Insurance: −$70
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $243

Break-even live

Break-even rent $2,154

Max offer price $167,000

Occupancy floor 85%

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 8 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	0.18mi
336 Barclay St Unit B Burlington, NJ	3.0	1.0	1944	$1,800	$0.93	24d	1	0.22mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1600	$2,750	$1.72	15d	1	0.31mi
219 Wood St Burlington, NJ	3.0	1.0	3058	$2,125	$0.69	4d	1	0.50mi
105 W Union St Burlington, NJ	4.0	1.5	1645	$2,000	$1.22	2d	1	0.50mi
1 Dresser Ave Unit 1 Burlington, NJ	3.0	1.0	3088	$2,150	$0.70	1d	1	1.23mi
256 Radcliffe St Bristol, PA	4.0	2.0	1900	$3,250	$1.71	1d	1	1.35mi
115 Cedar St Unit 2 Bristol, PA	3.0	1.0	1700	$2,600	$1.53	1d	1	1.36mi

Listing history 39 events

1. 2026-06-18
   days on market $167,000 Active 119 DOM
2. 2026-06-17
   days on market $167,000 Active 118 DOM
3. 2026-06-16
   days on market $167,000 Active 117 DOM
4. 2026-06-15
   days on market $167,000 Active 116 DOM
5. 2026-06-13
   days on market $167,000 Active 114 DOM
6. 2026-06-13
   days on market $167,000 Active 113 DOM
7. 2026-06-09
   days on market $167,000 Active 110 DOM
8. 2026-06-08
   days on market $167,000 Active 109 DOM
9. 2026-06-07
   days on market $167,000 Active 108 DOM
10. 2026-06-04
    days on market $167,000 Active 105 DOM
11. 2026-06-03
    days on market $167,000 Active 104 DOM
12. 2026-06-02
    days on market $167,000 Active 103 DOM
13. 2026-06-01
    days on market $167,000 Active 102 DOM
14. 2026-05-31
    days on market $167,000 Active 101 DOM
15. 2026-02-20
    listed $167,000 Active
16. 2025-08-06
    historical
17. 2024-08-29
    listed $199,000 Active
18. 2024-07-30
    soldstatus $80,000
19. 2024-07-22
    soldstatus $80,000 Closed 705-char remark

    Show marketing remark (705 chars)

    Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

20. 2024-06-05
    status Pending 705-char remark

    Show marketing remark (705 chars)

    Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

21. 2024-05-30
    status Active 705-char remark

    Show marketing remark (705 chars)

    Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

22. 2024-05-15
    historical Active Under Contract 705-char remark

    Show marketing remark (705 chars)

    Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

23. 2024-05-04
    listed $69,900 Active 705-char remark

    Show marketing remark (705 chars)

    Attention handymen, builders, and investors: Vacant property presents a fantastic opportunity at an excellent price point. Situated on a single lot, offered below assessed value. With plenty of potential, this property is being sold as is, where is. Buyers are responsible for all inspections, CO, and certifications. While the information provided in this listing, including utilities is deemed reliable but not guaranteed, it's strongly recommended that interested parties verify independently before making any transaction. The seller/current owner does not guarantee the completeness of the property information provided in this MLS listing. This Property is being sold " AS is, where is".

24. 2009-04-03
    historical
25. 2008-04-03
    listed $110,000
26. 2007-07-26
    soldstatus $190,000
27. 2006-04-19
    soldstatus $173,000
28. 2006-01-31
    soldstatus $137,000
29. 2005-05-12
    soldstatus $89,900
30. 2005-03-16
    historical
31. 2005-03-11
    listed $89,900
32. 2001-10-02
    historical
33. 2001-07-13
    historical
34. 2001-07-02
    listed $29,500
35. 2001-03-02
    listed $29,500
36. 1999-06-25
    soldstatus $36,000
37. 1999-05-26
    soldstatus $36,000
38. 1999-04-22
    historical
39. 1998-10-20
    listed $36,000

ⓘ 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: $3,961 · $330/mo
• Projected year-2 tax: $4,060 · $338/mo
• Expected delta: +$98/yr (+$8/mo · 2.5%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone AE · 76% 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: $29,545
• − Mortgage interest: −$9,355
• − Property taxes: −$3,961
• − Insurance: −$5,954
• − Repairs & maintenance: −$2,364
• − Management: −$2,364
• − Depreciation: −$4,858
• Taxable income: $690
• Est. tax owed @ 24.0%: −$166
• After-tax cash flow: $2,751/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

+363.9% since first listed

25 events — show timeline

• 2026-02-20 Listed $167,000 BRIGHT MLS
• 2025-08-06 Listing Removed — BRIGHT MLS
• 2024-08-29 Listed $199,000 BRIGHT MLS
• 2024-07-30 Sold (Public Records) $80,000 Public Records
• 2024-07-22 Sold (MLS) $80,000 BRIGHT MLS
• 2024-06-05 Pending — BRIGHT MLS
• 2024-05-30 Relisted — BRIGHT MLS
• 2024-05-15 Contingent — BRIGHT MLS
• 2024-05-04 Listed $69,900 BRIGHT MLS
• 2009-04-03 Listing Removed — BRIGHT MLS
• 2008-04-03 Listed $110,000 BRIGHT MLS
• 2007-07-26 Sold (Public Records) $190,000 Public Records
• 2006-04-19 Sold (Public Records) $173,000 Public Records
• 2006-01-31 Sold (Public Records) $137,000 Public Records
• 2005-05-12 Sold (MLS) $89,900 BRIGHT MLS
• 2005-03-16 Listing Removed — BRIGHT MLS
• 2005-03-11 Listed $89,900 BRIGHT MLS
• 2001-10-02 Listing Removed — BRIGHT MLS
• 2001-07-13 Listing Removed — BRIGHT MLS
• 2001-07-02 Listed $29,500 BRIGHT MLS
• 2001-03-02 Listed $29,500 BRIGHT MLS
• 1999-06-25 Sold (Public Records) $36,000 Public Records
• 1999-05-26 Sold (MLS) $36,000 BRIGHT MLS
• 1999-04-22 Listing Removed — BRIGHT MLS
• 1998-10-20 Listed $36,000 BRIGHT MLS

Property tax history

+1.8%/yr

Latest (2025): $3,961 · +2.6% YoY. Source: county tax records.