12 Neptune Ln · Burlington, NJ 08046

$320,000

4 bd · 2.0 ba · 1,497 sqft · SingleFamily public records · 7 Days on market

Built 1968 8,712 sqft lot Est $334k · at est.

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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 +19.8/30.0
• ARV discount +9.4/15.0
• DSCR +6.3/10.0
• 1% rule +5.7/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

Key facts

• Practical layout
• Newer roof
• Ample bedroom sizes

Tags

• NEWER ROOF
• WELL MAINTAINED PROPERTY
• GENEROUS LIVING SPACES
• AMPLE BEDROOM SIZES
• PRACTICAL LAYOUT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $320k).
• 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.
• Willingboro Public School District (suburban): math 5% / reading 30% proficiency, ranked #433 of 472 in NJ (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 151 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 1d 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 42% 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 $2k of loan paydown is wiped out by about $10k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 27y 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 $193k; list at $320k implies a 66% 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 $320,000

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.07% ✓
• Cap rate: 7.71%
• Cash-on-cash: 5.08%
• DSCR: 1.23
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $333,831
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12 Neptune Ln	0.00mi	4/2.0	1,497 (0%)	2mo	$325,000	$217	98
283 Northampton Dr	0.08mi	4/2.0	1,500 (+0%)	0mo	$380,000	$253	96
30 Newport Ln	0.06mi	4/2.0	1,573 (+5%)	6mo	$335,000	$213	84
534 Charleston Rd	0.49mi	3/2.0 (-1)	1,444 (-4%)	2mo	$407,000	$282	64
139 Hillcrest Ln	0.59mi	4/2.0	1,562 (+4%)	4mo	$325,000	$208	62
29 Northampton Dr	0.17mi	3/2.0 (-1)	1,322 (-12%)	9mo	$332,000	$251	60
77 Harrington Cir	0.51mi	3/2.0 (-1)	1,570 (+5%)	4mo	$345,000	$220	59
60 Hasting Ln	0.48mi	3/2.0 (-1)	1,570 (+5%)	9mo	$350,000	$223	57
111 Hazelwood Cir	0.61mi	3/2.0 (-1)	1,570 (+5%)	2mo	$370,000	$236	56
38 Hepburn	0.51mi	4/2.0	1,696 (+13%)	8mo	$380,000	$224	48
50 Hinsdale Ln	0.74mi	3/2.0 (-1)	1,570 (+5%)	6mo	$342,600	$218	47
31 Henderson Ln	0.56mi	3/2.0 (-1)	1,696 (+13%)	1mo	$280,000	$165	46

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: -8.4%
• Equity multiple: 0.69×
• Total profit: $-27,586
• Equity at exit: $47,713

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $7,562
• Equity at exit: $27,668

Cash invested: $89,600 (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 08046

• Active inventory: 151
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $3,422 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$512 /mo · $6,149/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$719
• Net cashflow: $379

Break-even live

Break-even rent $2,942

Max offer price $320,000

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
89 Hampshire Ln Willingboro, NJ	4.0	2.0	1562	$3,400	$2.18	10d	1	0.56mi
106 Whaler Way Burlington, NJ	1.0–3.0	1.0	932	$2,585	$2.77	1d	1	0.71mi
34 Hopkins Ln Willingboro, NJ	3.0	2.0	1696	$3,200	$1.89	1d	1	0.75mi
29 Hinsdale Ln Willingboro, NJ	4.0	2.0	1570	$3,750	$2.39	1d	1	0.82mi
5 Burgess Ln Willingboro, NJ	5.0	2.0	1864	$4,500	$2.41	1d	1	0.99mi
16 Elridge Ln Willingboro, NJ	3.0	2.0	1350	$2,650	$1.96	1d	1	1.01mi
62 Sharpless Blvd Westampton, NJ	3.0	1.5	1490	$2,275	$1.53	1d	1	1.14mi
4 Elliot Ln Westampton, NJ	3.0	2.5	1500	$2,900	$1.93	1d	1	1.35mi
10 Melville Ln Willingboro, NJ	4.0	2.5	1797	$3,000	$1.67	15d	1	1.43mi
41 Messenger Ln Willingboro, NJ	5.0	2.0	1497	$3,500	$2.34	5d	1	1.49mi

Listing history 25 events

1. 2026-03-26
   status Pending
2. 2026-02-16
   historical Active Under Contract
3. 2026-02-09
   listed $320,000 Active
4. 2020-10-29
   soldstatus $193,000
5. 2020-08-30
   historical 838-char remark

   Show marketing remark (838 chars)

   Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

6. 2020-08-26
   soldstatus $193,000 Closed 838-char remark

   Show marketing remark (838 chars)

   Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

7. 2020-06-27
   status Pending 838-char remark

   Show marketing remark (838 chars)

   Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

8. 2020-06-26
   price $193,000 838-char remark

   Show marketing remark (838 chars)

   Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

9. 2019-11-05
   price $185,000 838-char remark

   Show marketing remark (838 chars)

   Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

10. 2019-10-14
    price $190,000 838-char remark

    Show marketing remark (838 chars)

    Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

11. 2019-10-08
    listed $198,000 Active 838-char remark

    Show marketing remark (838 chars)

    Welcome to 12 Neptune Lane where you will find this charming 4 bedroom 2 bath Cape-Cod style home on a spacious corner lot in a quiet area of Willingboro. The interior is freshly painted, with newly installed engineered hardwood floors throughout the house that compliment the remodeled bathrooms with new vanities and medicine cabinets. The main floor consists of 2 bedrooms, a full bath , a well-lit living room, and an Eat-in kitchen with an elegant french door exiting to the outside patio. A stairway leading to the second floor is where you will find the master bedroom, another bedroom, and a full bath. This beautiful property has a double driveway, a garage, a walkway leads to a side entry with a big mudroom, and a good sized storage shed in the yard as well. Make this house your new Home. Schedule your appointment today!

12. 2006-04-24
    soldstatus $229,900
13. 2006-03-28
    soldstatus $229,900 517-char remark

    Show marketing remark (517 chars)

    BACK ON THE MARKET AFTER 6 MONTHS OF NO SHOWINGS!! You can't help but fall in love with this absolutely gorgeous house. A beautiful kitchen with glass front cabinets, new appliances and pergo floors. New french doors leading onto a perfect patio. New carpet and fresh paint. New heater and central air. New washer & dryer. A double driveway and a garage. A side patio leading to a side entry with a big mudroom to leave coats & shoes. Everything is clean, new and perfect. This house is a dream come true.

14. 2006-01-17
    historical 517-char remark

    Show marketing remark (517 chars)

    BACK ON THE MARKET AFTER 6 MONTHS OF NO SHOWINGS!! You can't help but fall in love with this absolutely gorgeous house. A beautiful kitchen with glass front cabinets, new appliances and pergo floors. New french doors leading onto a perfect patio. New carpet and fresh paint. New heater and central air. New washer & dryer. A double driveway and a garage. A side patio leading to a side entry with a big mudroom to leave coats & shoes. Everything is clean, new and perfect. This house is a dream come true.

15. 2005-06-21
    listed $229,900 517-char remark

    Show marketing remark (517 chars)

    BACK ON THE MARKET AFTER 6 MONTHS OF NO SHOWINGS!! You can't help but fall in love with this absolutely gorgeous house. A beautiful kitchen with glass front cabinets, new appliances and pergo floors. New french doors leading onto a perfect patio. New carpet and fresh paint. New heater and central air. New washer & dryer. A double driveway and a garage. A side patio leading to a side entry with a big mudroom to leave coats & shoes. Everything is clean, new and perfect. This house is a dream come true.

16. 2005-06-13
    soldstatus $158,000
17. 2004-05-21
    soldstatus $158,900
18. 2004-03-22
    historical
19. 2004-03-08
    listed $158,900
20. 2000-06-10
    historical
21. 2000-04-20
    soldstatus $86,000
22. 2000-03-27
    soldstatus $86,000
23. 2000-02-25
    historical
24. 2000-01-31
    listed $86,000
25. 1999-01-10
    listed $91,000

ⓘ 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: $6,149 · $512/mo
• Projected year-2 tax: $7,059 · $588/mo
• Expected delta: +$909/yr (+$76/mo · 14.8%)

ⓘ 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 6/10 Major 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: $41,059
• − Mortgage interest: −$17,925
• − Property taxes: −$6,149
• − Insurance: −$1,600
• − Repairs & maintenance: −$3,285
• − Management: −$3,285
• − Depreciation: −$9,309
• Taxable loss: −$494
• Est. tax savings @ 24.0%: +$119
• After-tax cash flow: $4,668/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: Willingboro Public School District
• NCES district ID: 3418000
• Math proficiency: 5% ▼ -11.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $67,064
• Composite: 17.37/100
• National rank: #9074
• State rank: #433 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): 31,981
• Household income: $98,178
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 342.0

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: Predominantly Black (66%)
• Race & ethnicity: Black 66% Hispanic / Latino 15% Two or more races 14% White 10%
• Hispanic origin (detail): Puerto Rican 9% Dominican 2%
• Common ancestry: Swiss 4% Romanian 2% Hispanic 1%
• Foreign-born: 15% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 10% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -273.52%
• Current HPI: 348.3441
• 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

+251.6% since first listed

25 events — show timeline

• 2026-03-26 Pending — BRIGHT MLS
• 2026-02-16 Contingent — BRIGHT MLS
• 2026-02-09 Listed $320,000 BRIGHT MLS
• 2020-10-29 Sold (Public Records) $193,000 Public Records
• 2020-08-30 Listing Removed — BRIGHT MLS
• 2020-08-26 Sold (MLS) $193,000 BRIGHT MLS
• 2020-06-27 Pending — BRIGHT MLS
• 2020-06-26 Price Changed $193,000 BRIGHT MLS
• 2019-11-05 Price Changed $185,000 BRIGHT MLS
• 2019-10-14 Price Changed $190,000 BRIGHT MLS
• 2019-10-08 Listed $198,000 BRIGHT MLS
• 2006-04-24 Sold (Public Records) $229,900 Public Records
• 2006-03-28 Sold (MLS) $229,900 BRIGHT MLS
• 2006-01-17 Listing Removed — BRIGHT MLS
• 2005-06-21 Listed $229,900 BRIGHT MLS
• 2005-06-13 Sold (Public Records) $158,000 Public Records
• 2004-05-21 Sold (MLS) $158,900 BRIGHT MLS
• 2004-03-22 Listing Removed — BRIGHT MLS
• 2004-03-08 Listed $158,900 BRIGHT MLS
• 2000-06-10 Listing Removed — BRIGHT MLS
• 2000-04-20 Sold (Public Records) $86,000 Public Records
• 2000-03-27 Sold (MLS) $86,000 BRIGHT MLS
• 2000-02-25 Listing Removed — BRIGHT MLS
• 2000-01-31 Listed $86,000 BRIGHT MLS
• 1999-01-10 Listed $91,000 BRIGHT MLS

Property tax history

+1.4%/yr

Latest (2025): $6,149 · +2.0% YoY. Source: county tax records.