514 Hartford Rd · Marlton, NJ 08054

$244,900

2 bd · 1.5 ba · 828 sqft · SingleFamily public records · 104 Days on market

Built 1945 0.26 ac lot Est $230k · 6% over

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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 +12.2/30.0
• ARV discount +4.6/15.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own this charming cottage nestled in nature among mature trees! The open floor plan creates a spacious feel, with the living and dining areas flowing seamlessly into the kitchen. Natural stained wood trim throughout adds warmth and character, while large windows fill the home with sunlight and showcase views of the towering trees surrounding the property. The island kitchen features a skylight, tile countertops, and a full appliance package. The nicely sized sunroom offers a peaceful space overlooking the large wooded backyard—perfect for relaxing and enjoying nature. A convenient half bath off the kitchen is ideal for guests. The bedrooms share a full bath with a tub/shower combination. With a little TLC and cosmetic updates, this home offers wonderful potential as a cozy starter home or a tranquil retirement retreat.

Key facts

• Large windows
• Open floor plan
• Island kitchen

Tags

• OPEN FLOOR PLAN
• NATURAL STAINED WOOD TRIM
• LARGE WINDOWS
• ISLAND KITCHEN
• SKYLIGHT
• TILE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-51 ($-610/yr) — negative.
• To cash-flow at today's rent, offer at most $236k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (15.4% below list).
• Recommended offer: $207k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.2% in Marlton — 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 74/100 on livability (#165 in NJ, #4,364 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B; Watch: amenities C-, commute F, cost of living F.
• Mount Laurel Township School District (suburban): math 37% / reading 54% proficiency, ranked #161 of 472 in NJ (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 11% free/reduced lunch — higher-income household profile.
• Zoned schools: Springville Elementary School (math 52% / reading 57%, grade C, #176 of 1,303 statewide, top 15%, 464 students, 5% FRL); T. E. Harrington Middle School (math 38% / reading 57%, grade C-, #123 of 431 statewide, top 30%, 930 students, 14% FRL); Lenape High School (math 29% / reading 59%, grade F, #161 of 399 statewide, top 40%, 1,892 students, 15% FRL) — zoned schools at 11% FRL track the district average.
• Market conditions: Rents rising (+1.5%/yr); 255 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $2k of loan paydown is wiped out by about $7k 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 104 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y ago; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $188k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $207,166 (15.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $230,184
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 Hartford Rd	0.01mi	2/1.0	784 (-5%)	22mo	$200,000	$255	70
3305-A Ramsbury Ct	0.71mi	2/1.0	920 (+11%)	4mo	$256,000	$278	43

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 · 1.49% rent growth · sell at horizon

5-year hold

• IRR: -19.5%
• Equity multiple: 0.33×
• Total profit: $-45,993
• Equity at exit: $36,515

10-year hold

• IRR: -15.6%
• Equity multiple: 0.18×
• Total profit: $-56,446
• Equity at exit: $21,174

Cash invested: $68,572 (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 08054

• Rents YoY: 1.5%
• Active inventory: 255
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,072 medium
• Mortgage (P&I): −$1,284
• Tax from tax record: −$301 /mo · $3,613/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-51

Break-even live

Break-even rent $2,136

Max offer price $235,926

Occupancy floor 97%

Sensitivity live

Price	-10% $88	-5% $19	+0% $-51	+5% $-120	+10% $-189
Rent	-10% $-214	-5% $-133	+0% $-51	+5% $31	+10% $113
Rate	-1.0pp $73	-0.5pp $11	base $-51	+0.5pp $-114	+1.0pp $-179

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: $61,225
• Closing costs: $7,347
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3302B Ramsbury Ct Mt Laurel Township, NJ	2.0	1.0	984	$2,000	$2.03	0d	1	0.71mi
1908B Ralston Dr Mt Laurel Township, NJ	2.0	1.0	984	$2,000	$2.03	0d	1	1.21mi
507A Ralston Dr Mt Laurel Township, NJ	2.0	1.0	920	$1,950	$2.12	0d	1	1.27mi

Listing history 26 events

1. 2026-06-21
   days on market $244,900 Active 104 DOM
2. 2026-06-18
   days on market $244,900 Active 101 DOM
3. 2026-06-17
   days on market $244,900 Active 100 DOM
4. 2026-06-16
   days on market $244,900 Active 99 DOM
5. 2026-06-15
   days on market $244,900 Active 98 DOM
6. 2026-06-13
   days on market $244,900 Active 96 DOM
7. 2026-06-09
   days on market $244,900 Active 92 DOM
8. 2026-06-08
   days on market $244,900 Active 91 DOM
9. 2026-06-07
   days on market $244,900 Active 90 DOM
10. 2026-06-04
    days on market $244,900 Active 87 DOM
11. 2026-06-03
    days on market $244,900 Active 86 DOM
12. 2026-06-02
    days on market $244,900 Active 85 DOM
13. 2026-06-02
    price $244,900 Active 84 DOM
14. 2026-06-01
    days on market $254,900 Active 84 DOM
15. 2026-05-31
    days on market $254,900 Active 83 DOM
16. 2026-05-06
    price $254,900 836-char remark

    Show marketing remark (836 chars)

    Own this charming cottage nestled in nature among mature trees! The open floor plan creates a spacious feel, with the living and dining areas flowing seamlessly into the kitchen. Natural stained wood trim throughout adds warmth and character, while large windows fill the home with sunlight and showcase views of the towering trees surrounding the property. The island kitchen features a skylight, tile countertops, and a full appliance package. The nicely sized sunroom offers a peaceful space overlooking the large wooded backyard—perfect for relaxing and enjoying nature. A convenient half bath off the kitchen is ideal for guests. The bedrooms share a full bath with a tub/shower combination. With a little TLC and cosmetic updates, this home offers wonderful potential as a cozy starter home or a tranquil retirement retreat.

17. 2026-04-10
    price $264,900 836-char remark

    Show marketing remark (836 chars)

    Own this charming cottage nestled in nature among mature trees! The open floor plan creates a spacious feel, with the living and dining areas flowing seamlessly into the kitchen. Natural stained wood trim throughout adds warmth and character, while large windows fill the home with sunlight and showcase views of the towering trees surrounding the property. The island kitchen features a skylight, tile countertops, and a full appliance package. The nicely sized sunroom offers a peaceful space overlooking the large wooded backyard—perfect for relaxing and enjoying nature. A convenient half bath off the kitchen is ideal for guests. The bedrooms share a full bath with a tub/shower combination. With a little TLC and cosmetic updates, this home offers wonderful potential as a cozy starter home or a tranquil retirement retreat.

18. 2026-03-09
    listed $275,000 Active 836-char remark

    Show marketing remark (836 chars)

    Own this charming cottage nestled in nature among mature trees! The open floor plan creates a spacious feel, with the living and dining areas flowing seamlessly into the kitchen. Natural stained wood trim throughout adds warmth and character, while large windows fill the home with sunlight and showcase views of the towering trees surrounding the property. The island kitchen features a skylight, tile countertops, and a full appliance package. The nicely sized sunroom offers a peaceful space overlooking the large wooded backyard—perfect for relaxing and enjoying nature. A convenient half bath off the kitchen is ideal for guests. The bedrooms share a full bath with a tub/shower combination. With a little TLC and cosmetic updates, this home offers wonderful potential as a cozy starter home or a tranquil retirement retreat.

19. 2008-08-05
    soldstatus $187,500
20. 2008-07-25
    soldstatus $187,500 771-char remark

    Show marketing remark (771 chars)

    Beautifully maintained cottage in move-in condition! Stained natural wood moldings throughout. Open floorplan. New kitchen with skylight, center island, new range, dishwasher, refrigerator, and new lighting. Brand new bathrooms with ceramic tile. New vinyl siding. Freshly painted and new carpeting. Beautiful new laminate flooring in livingroom and diningroom. Lovely 3 season sunroom overlooking a large wooded backyard. This is a perfect starter home or retirement retreat. Private location with a partially fenced yard on a rustic 1/4 acre setting situated well back from Hartford Rd. A great area to invest in - lots of new construction in the area, and nearby houses are currently being renovated. Priced VERY competitively, get more for your money in a great town.

21. 2008-04-30
    historical 771-char remark

    Show marketing remark (771 chars)

    Beautifully maintained cottage in move-in condition! Stained natural wood moldings throughout. Open floorplan. New kitchen with skylight, center island, new range, dishwasher, refrigerator, and new lighting. Brand new bathrooms with ceramic tile. New vinyl siding. Freshly painted and new carpeting. Beautiful new laminate flooring in livingroom and diningroom. Lovely 3 season sunroom overlooking a large wooded backyard. This is a perfect starter home or retirement retreat. Private location with a partially fenced yard on a rustic 1/4 acre setting situated well back from Hartford Rd. A great area to invest in - lots of new construction in the area, and nearby houses are currently being renovated. Priced VERY competitively, get more for your money in a great town.

22. 2008-02-21
    listed $188,700 771-char remark

    Show marketing remark (771 chars)

    Beautifully maintained cottage in move-in condition! Stained natural wood moldings throughout. Open floorplan. New kitchen with skylight, center island, new range, dishwasher, refrigerator, and new lighting. Brand new bathrooms with ceramic tile. New vinyl siding. Freshly painted and new carpeting. Beautiful new laminate flooring in livingroom and diningroom. Lovely 3 season sunroom overlooking a large wooded backyard. This is a perfect starter home or retirement retreat. Private location with a partially fenced yard on a rustic 1/4 acre setting situated well back from Hartford Rd. A great area to invest in - lots of new construction in the area, and nearby houses are currently being renovated. Priced VERY competitively, get more for your money in a great town.

23. 2008-02-21
    historical

    Show marketing remark (771 chars)

    Beautifully maintained cottage in move-in condition! Stained natural wood moldings throughout. Open floorplan. New kitchen with skylight, center island, new range, dishwasher, refrigerator, and new lighting. Brand new bathrooms with ceramic tile. New vinyl siding. Freshly painted and new carpeting. Beautiful new laminate flooring in livingroom and diningroom. Lovely 3 season sunroom overlooking a large wooded backyard. This is a perfect starter home or retirement retreat. Private location with a partially fenced yard on a rustic 1/4 acre setting situated well back from Hartford Rd. A great area to invest in - lots of new construction in the area, and nearby houses are currently being renovated. Priced VERY competitively, get more for your money in a great town.

24. 2007-11-26
    listed $209,900
25. 2007-08-01
    soldstatus $113,000
26. 1997-02-27
    soldstatus $61,000

ⓘ 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: $3,613 · $301/mo
• Projected year-2 tax: $4,856 · $405/mo
• Expected delta: +$1,242/yr (+$104/mo · 34.4%)

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

Taxation est. · year 1

• Rental income: $24,860
• − Mortgage interest: −$13,718
• − Property taxes: −$3,613
• − Insurance: −$1,224
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − Depreciation: −$7,124
• Taxable loss: −$4,798
• Est. tax savings @ 24.0%: +$1,151
• After-tax cash flow: $542/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: Mount Laurel Township School District
• NCES district ID: 3410950
• Math proficiency: 37% ▼ -18.00%
• Reading proficiency: 54% ▼ -6.00%
• Median HH income: $85,735
• Composite: 42.4/100
• National rank: #3235
• State rank: #161 of 472 in NJ

Livability — Marlton

• Score: 74/100
• State rank: #165
• US rank: #4364

Category grades

Amenities C- Commute F Cost of living F Crime B Employment A+ Housing A+ Health & safety B- 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): 46,026
• Household income: $118,802
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 1055.0

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 White (65%)
• Race & ethnicity: White 65% Black 13% Asian 9% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 6% Scotch-Irish 2% Subsaharan African 1%
• Foreign-born: 14% · Canada, South Korea, China
• Languages at home: 87% English-only · Other Indo-European 4% Spanish 2% Other Asian/Pacific 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: ▼ -360.83%
• Current HPI: 294.2044
• Rent YoY: ▲ 1.49%
• 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

+317.9% since first listed

11 events — show timeline

• 2026-05-06 Price Changed $254,900 BRIGHT MLS
• 2026-04-10 Price Changed $264,900 BRIGHT MLS
• 2026-03-09 Listed $275,000 BRIGHT MLS
• 2008-08-05 Sold (Public Records) $187,500 Public Records
• 2008-07-25 Sold (MLS) $187,500 BRIGHT MLS
• 2008-04-30 Listing Removed — BRIGHT MLS
• 2008-02-21 Listing Removed — BRIGHT MLS
• 2008-02-21 Listed $188,700 BRIGHT MLS
• 2007-11-26 Listed $209,900 BRIGHT MLS
• 2007-08-01 Sold (Public Records) $113,000 Public Records
• 1997-02-27 Sold (Public Records) $61,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $3,613 · +6.5% YoY. Source: county tax records.