111 Belmont St · Burlington, NJ 08016

$170,000

4 bd · 1.5 ba · 1,488 sqft · SingleFamily public records · 6 Days on market

Built 1900 2,480 sqft lot Est $308k · 45% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• 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

This is a 4 bedroom 1.5 bath Colonial SFD dwelling. Features a livingroom, dining room, east in kitchen, full basement, fenced yard. Has basement laundry, Needs TLC. This is an "as is" sale. Reasonable offers please. No concessions for repairs. Buyers to secure as is C/O.

Key facts

• 2,480 sq ft lot
• Built 1900
• Listed 5 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer; Natural gas service
• Home design: Detached home; Frame construction
• Construction: Frame construction; Stone foundation; Above-grade and below-grade structures; Major rehab needed
• Exterior features: Lot dimensions approximately 20 x 124; No tidal water; Detached structure

Interior

• Bedrooms: Four bedrooms on the main level
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced air heating; Natural gas hot water
• Interior features: Full unfinished basement; Living area source: Assessor

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Cap rate 11.0% 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; 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 28y ago; this cycle's ask is 240% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $35k; list at $170k implies a 386% 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 $170,000

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: 1.45% ✓
• Cap rate: 10.97%
• Cash-on-cash: 16.70%
• DSCR: 1.74
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $308,016
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
800 High St	0.41mi	3/1.5 (-1)	1,515 (+2%)	8mo	$310,000	$205	66
304 York St	0.37mi	3/2.0 (-1)	1,540 (+4%)	9mo	$230,000	$149	62
144 Farner Ave	0.51mi	3/1.5 (-1)	1,404 (-6%)	2mo	$240,000	$171	60
165 W Federal St	0.36mi	3/1.0 (-1)	1,344 (-10%)	1mo	$278,000	$207	59
718 Bordentown Rd	0.62mi	3/2.0 (-1)	1,474 (-1%)	4mo	$349,500	$237	59
710 Route 130 Camden Ave	0.71mi	4/1.0	1,543 (+4%)	2mo	$265,000	$172	57
204 Barclay St	0.34mi	3/2.0 (-1)	1,643 (+10%)	9mo	$340,000	$207	52
503 Linden Ave	0.20mi	3/2.0 (-1)	1,264 (-15%)	8mo	$185,000	$146	52
652 Park Ave	0.70mi	3/2.0 (-1)	1,560 (+5%)	0mo	$345,000	$221	52
404 Engle Ave	0.43mi	4/1.0	1,690 (+14%)	4mo	$250,000	$148	52
134 Juniper St	0.37mi	3/1.0 (-1)	1,280 (-14%)	8mo	$335,000	$262	46
1110 Pope St	0.56mi	3/2.0 (-1)	1,310 (-12%)	6mo	$310,000	$237	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.74×
• Total profit: $-12,151
• Equity at exit: $25,348

10-year hold

• IRR: 3.0%
• Equity multiple: 1.22×
• Total profit: $10,267
• Equity at exit: $14,698

Cash invested: $47,600 (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: $2,468 high
• Mortgage (P&I): −$891
• Tax from tax record: −$325 /mo · $3,899/yr
• Insurance: −$71
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$518
• Net cashflow: $236

Break-even live

Break-even rent $2,169

Max offer price $170,000

Occupancy floor 85%

Sensitivity live

Price	-10% $332	-5% $284	+0% $236	+5% $188	+10% $140
Rent	-10% $41	-5% $138	+0% $236	+5% $333	+10% $431
Rate	-1.0pp $322	-0.5pp $279	base $236	+0.5pp $192	+1.0pp $147

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: $42,500
• Closing costs: $5,100
• 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	6d	1	0.24mi
341 Clarkson St Burlington, NJ	3.0	2.0	1080	$2,800	$2.59	2d	1	0.29mi
328 High St Unit 2A Burlington, NJ	3.0	1.5	1200	$2,345	$1.95	13d	1	0.37mi
328 High St Unit 2B Burlington, NJ	3.0	1.0	1200	$2,345	$1.95	13d	1	0.37mi
806 High St Burlington, NJ	3.0	1.0	1376	$2,100	$1.53	19d	1	0.41mi
229 High St Burlington, NJ	3.0	1.0	1200	$1,975	$1.65	19d	1	0.47mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1600	$2,750	$1.72	15d	1	0.48mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1404	$2,400	$1.71	2d	1	0.48mi
103 W Union St Burlington, NJ	4.0	2.5	1333	$2,200	$1.65	15d	1	0.48mi
105 W Union St Burlington, NJ	4.0	1.5	1645	$2,000	$1.22	2d	1	0.49mi
1201 High St Burlington, NJ	3.0	1.0	1064	$2,100	$1.97	25d	1	0.58mi
1001 Armistice Dr Burlington, NJ	3.0	1.0	884	$2,300	$2.60	25d	1	1.03mi
115 Cedar St Unit 2 Bristol, PA	3.0	1.0	1700	$2,600	$1.53	2d	1	1.48mi

Listing history 10 events

1. 2026-06-18
   days on market $170,000 Active 6 DOM
2. 2026-06-17
   days on market $170,000 Active 5 DOM
3. 2026-06-16
   days on market $170,000 Active 4 DOM
4. 2026-06-15
   days on market $170,000 Active 3 DOM
5. 2026-06-13
   statusdays on market $170,000 Active 1 DOM
6. 2026-06-09
   days on market $170,000 Coming Soon 6 DOM
7. 2026-06-08
   days on market $170,000 Coming Soon 5 DOM
8. 2026-06-07
   days on market $170,000 Coming Soon 4 DOM
9. 2026-06-04
   remarks 691-char remark
10. 2026-06-04
    listed $170,000 Coming Soon 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: $3,899 · $325/mo
• Projected year-2 tax: $4,066 · $339/mo
• Expected delta: +$167/yr (+$14/mo · 4.3%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 89% 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: $29,617
• − Mortgage interest: −$9,523
• − Property taxes: −$3,899
• − Insurance: −$5,968
• − Repairs & maintenance: −$2,369
• − Management: −$2,369
• − Depreciation: −$4,945
• Taxable income: $542
• Est. tax owed @ 24.0%: −$130
• After-tax cash flow: $2,701/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

+754.3% since first listed

19 events — show timeline

• 2026-06-03 Coming Soon $170,000 BRIGHT MLS
• 2017-09-30 Sold (MLS) $35,000 TREND
• 2017-09-30 Sold (MLS) $35,000 BRIGHT MLS
• 2017-09-06 Pending — TREND
• 2016-12-29 Listed $50,000 TREND
• 2015-10-31 Listing Removed — BRIGHT MLS
• 2015-01-16 Listed $69,000 BRIGHT MLS
• 2010-02-26 Sold (MLS) $35,000 BRIGHT MLS
• 2010-02-26 Sold (MLS) $35,000 TREND
• 2010-01-12 Listing Removed — BRIGHT MLS
• 2009-11-20 Listing Removed — BRIGHT MLS
• 2009-11-20 Listed $29,900 BRIGHT MLS
• 2009-11-20 Listed $29,900 TREND
• 2009-09-29 Listed $49,900 BRIGHT MLS
• 1999-03-30 Sold (Public Records) $27,500 Public Records
• 1999-02-11 Sold (MLS) $27,500 BRIGHT MLS
• 1999-02-05 Listing Removed — BRIGHT MLS
• 1998-12-19 Listed $27,500 BRIGHT MLS
• 1980-11-01 Sold (Public Records) $19,900 Public Records

Property tax history

+2.4%/yr

Latest (2025): $3,899 · +2.6% YoY. Source: county tax records.