3361 Liberty St · Browns Mills, NJ 08015

$109,900

3 bd · 2.0 ba · 924 sqft · SingleFamily · 19 Days on market

Built 2024 Good condition $119/sqft · 58% below area ↓ 21% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

Key facts

• 2 parking spots
• Built 2024
• Listed 18 days

Property features AI

Finance

• Other: Pets allowed on a case-by-case basis; Property condition listed as very good; Width 14 ft and length 66 ft (mobile home dimensions); Model: Skyline, Make: Lake Manor; Above-grade finished area approximately 924 (estimated); Income/expense note: Annual ground rent
• Financial info: Ownership is land lease; Lease not considered
• HOA & community: Ground rent $735 monthly (land lease); Land lease years remaining listed as 0

Exterior

• Parking: Concrete driveway; Driveway parking with 2 spaces (plus total 2 garage/parking spaces listed)
• Utilities: Public water; Public sewer; Municipal trash service; Electric available; Natural gas available; Cable TV available
• Home design: Manufactured single-wide home; Estimated built year; Above-grade living space; Entry level on main floor; Double-hung windows
• Construction: Modular/manufactured construction; Slab foundation; Shingle roof; Manufactured structure type
• Exterior features: Located in Bel Air Estates; Not in a federal flood zone; Ground rent exists (paid annually)

Interior

• Kitchen: Built-in microwave; Dishwasher; Gas oven/range; Refrigerator; Stainless steel appliances; Kitchen island
• Bedrooms: Three main-level bedrooms
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: 90% forced air heating; Natural gas heating and hot water; Central air conditioning (electric)
• Interior features: Tub shower and walk-in shower in bathrooms; Ceiling fans; Combination kitchen and living area; Kitchen island; Recessed lighting; Wainscoting; Window treatments; Flat interior
• Laundry & utility: Washer and dryer (both electric and gas dryer options noted); Main-floor laundry; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 19.1% vs local median 5.2% in Browns Mills — 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 63/100 on livability (#436 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, cost of living B; Watch: schools F, amenities F, commute F.
• Pemberton Township School District (rural): math 12% / reading 38% proficiency, ranked #382 of 472 in NJ (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 117 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $760 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Recommended offer $108,251 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.22% ✓
• Cap rate: 19.07%
• Cash-on-cash: 45.65%
• DSCR: 3.03
• GRM: 3.7

CMA / ARV

• ARV (median comp): $261,007
• List price: $109,900
• Delta: -57.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3394 Liberty St	0.11mi	3/2.0	900 (-3%)	5mo	$111,500	$124	87
214 Scammell Dr	0.18mi	3/1.0	883 (-4%)	4mo	$290,000	$328	77
511 Laurel Blvd	0.40mi	3/1.5	921 (-0%)	6mo	$275,000	$299	74
15 Coville Dr	0.06mi	3/1.0	863 (-7%)	10mo	$275,000	$319	74
612 Weymouth Rd	0.18mi	3/1.0	863 (-7%)	10mo	$275,000	$319	68
204 Scammell Dr	0.18mi	2/1.0 (-1)	863 (-7%)	5mo	$255,000	$295	68
3449 New Moon St	0.14mi	2/2.0 (-1)	800 (-13%)	1mo	$45,000	$56	66
3594 Nashua St	0.55mi	3/2.0	1,000 (+8%)	2mo	$70,000	$70	59
3620 Weymouth Rd	0.43mi	2/2.0 (-1)	800 (-13%)	1mo	$138,000	$173	52
3569 Schultz St	0.65mi	3/2.0	999 (+8%)	8mo	$60,000	$60	49
3561 Weymouth Rd	0.64mi	2/1.5 (-1)	1,000 (+8%)	7mo	$94,000	$94	44
16 Rancocas Ln	0.73mi	2/1.5 (-1)	816 (-12%)	10mo	$310,000	$380	31

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: 42.8%
• Equity multiple: 2.85×
• Total profit: $56,778
• Equity at exit: $16,386

10-year hold

• IRR: 48.9%
• Equity multiple: 5.73×
• Total profit: $145,585
• Equity at exit: $9,502

Cash invested: $30,772 (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 08015

• Home prices YoY: -23.1%
• Active inventory: 117
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $2,443 medium
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$513
• Net cashflow: $1,170

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 47%

Sensitivity live

Price	-10% $1,246	-5% $1,208	+0% $1,170	+5% $1,133	+10% $1,095
Rent	-10% $977	-5% $1,074	+0% $1,170	+5% $1,267	+10% $1,363
Rate	-1.0pp $1,226	-0.5pp $1,198	base $1,170	+0.5pp $1,142	+1.0pp $1,113

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Coville Dr Browns Mills, NJ	4.0	1.0	863	$2,400	$2.78	16d	1	0.14mi
27 Carlisle St Browns Mills, NJ	3.0	1.0	984	$2,900	$2.95	45d	1	1.47mi

Listing history 12 events

1. 2026-05-12
   listed $109,900 Active 1041-char remark
2. 2026-05-07
   historical $109,900 1041-char remark
3. 2025-11-15
   historical
4. 2025-10-16
   price $114,000
5. 2025-08-07
   price $124,000
6. 2025-06-23
   price $127,000
7. 2025-05-15
   listed $132,000 Active
8. 2025-03-11
   soldstatus $124,000 Closed

   Show marketing remark (482 chars)

   Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

9. 2025-02-22
   historical

   Show marketing remark (482 chars)

   Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

10. 2024-11-29
    price $124,000

    Show marketing remark (482 chars)

    Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

11. 2024-09-26
    price $129,000

    Show marketing remark (482 chars)

    Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

12. 2024-08-23
    listed $139,000 Active

    Show marketing remark (482 chars)

    Brand new 2024 single-wide in the heart of The Pinelands- BelAire Estates- A Pinelands Community. Pet-friendly community. Hiking and lakes nearby. Quick access to local routes 70 , 72 and 38. A short distance from the gates of JBMDL. Close to shopping and tasty eateries. Browns Mills is prized for its numerous lakes with boat launches, public life-guarded sand beaches, and scenic picnic areas. Don't miss out on this brand new home. For additional price, can install central A/C.

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

Taxation est. · year 1

• Rental income: $29,316
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$2,345
• − Management: −$2,345
• − Depreciation: −$3,197
• Taxable income: $13,074
• Est. tax owed @ 24.0%: −$3,138
• After-tax cash flow: $10,908/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

Good 80/100 Cosmetic rehab

This 2024 manufactured home is move-in ready with modern updates and a good condition score, making it an attractive option for both resale and rental.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace window treatments — Improves aesthetics and energy efficiency
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace window treatments — Improves aesthetics and energy efficiency ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ 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: Pemberton Township School District
• NCES district ID: 3412810
• Math proficiency: 12% ▼ -14.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $60,951
• Composite: 23.0/100
• National rank: #7979
• State rank: #382 of 472 in NJ

Livability — Browns Mills

• Score: 63/100
• State rank: #436
• US rank: #15864

Category grades

Amenities F Commute F Cost of living B Crime C+ Employment C+ Housing A+ Health & safety B+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 19,143

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 0.56)
• Race & ethnicity: White 63% Hispanic / Latino 14% Black 13% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 10%
• Common ancestry: Romanian 3% Slovak 2% Serbian 2%
• Foreign-born: 6% · Canada, Jamaica, South Korea
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 3% Tagalog/Filipino 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: ▼ -98.84%
• Current HPI: 329.1731
• Rent YoY: —
• Metro: —
• 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

-20.9% since first listed

13 events — show timeline

• 2026-05-30 Listing Removed — BRIGHT MLS
• 2026-05-12 Listed $109,900 BRIGHT MLS
• 2026-05-07 Coming Soon — BRIGHT MLS
• 2025-11-15 Listing Removed — BRIGHT MLS
• 2025-10-16 Price Changed $114,000 BRIGHT MLS
• 2025-08-07 Price Changed $124,000 BRIGHT MLS
• 2025-06-23 Price Changed $127,000 BRIGHT MLS
• 2025-05-15 Listed $132,000 BRIGHT MLS
• 2025-03-11 Sold (MLS) $124,000 BRIGHT MLS
• 2025-02-22 Listing Removed — BRIGHT MLS
• 2024-11-29 Price Changed $124,000 BRIGHT MLS
• 2024-09-26 Price Changed $129,000 BRIGHT MLS
• 2024-08-23 Listed $139,000 BRIGHT MLS