153 E Federal St · Burlington, NJ 08016

$150,000

4 bd · 3.0 ba · 1,800 sqft · Other · 37 Days on market

Built 1890 Good condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR SPECIAL - Structure and exterior complete at 153 E Federal Street in Burlington, NJ, offered at $150,000 with approximately $60,000 in remaining rehab and an after-repair value of around $300,000. This single-family home features 4 bedrooms and 2.5 bathrooms, with major work already completed including a full gut, framing, plumbing rough-in, new roof, new windows, and siding in place. Remaining work includes a full electrical instillation, HVAC, insulation and drywall, kitchen and baths, plus flooring and paint. Estimated completion timeline is 3-4 months. As a rental, the property could generate approximately $2,450/month and is Section 8 eligible. No contractor currently in place

Key facts

• Plumbing rough-in
• Full gut
• New roof

Tags

• NEW ROOF
• NEW WINDOWS
• SIDING IN PLACE
• FULL GUT
• PLUMBING ROUGH-IN

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $946 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.9% 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; 9 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 31% 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 $4k 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 $42k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.67% ✓
• Cap rate: 13.86%
• Cash-on-cash: 27.03%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 1.86×
• Total profit: $35,981
• Equity at exit: $22,365

10-year hold

• IRR: 29.1%
• Equity multiple: 3.60×
• Total profit: $109,067
• Equity at exit: $12,969

Cash invested: $42,000 (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: 5.0×

Monthly cashflow live

• Estimated rent: $2,510 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $946

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 57%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 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	0.28mi
336 Barclay St Unit B Burlington, NJ	3.0	1.0	1944	$1,800	$0.93	24d	1	0.35mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1600	$2,750	$1.72	15d	1	0.40mi
516 Columbus Rd Burlington, NJ	4.0	1.0	1404	$2,400	$1.71	1d	1	0.40mi
806 High St Burlington, NJ	3.0	1.0	1376	$2,100	$1.53	18d	1	0.41mi
103 W Union St Burlington, NJ	4.0	2.5	1333	$2,200	$1.65	15d	1	0.57mi
105 W Union St Burlington, NJ	4.0	1.5	1645	$2,000	$1.22	1d	1	0.57mi
256 Radcliffe St Bristol, PA	4.0	2.0	1900	$3,250	$1.71	1d	1	1.49mi
115 Cedar St Unit 2 Bristol, PA	3.0	1.0	1700	$2,600	$1.53	1d	1	1.49mi

Listing history 15 events

1. 2026-06-18
   days on market $150,000 Active 37 DOM
2. 2026-06-17
   days on market $150,000 Active 36 DOM
3. 2026-06-16
   days on market $150,000 Active 35 DOM
4. 2026-06-15
   days on market $150,000 Active 34 DOM
5. 2026-06-13
   days on market $150,000 Active 32 DOM
6. 2026-06-13
   days on market $150,000 Active 31 DOM
7. 2026-06-09
   days on market $150,000 Active 28 DOM
8. 2026-06-08
   days on market $150,000 Active 27 DOM
9. 2026-06-07
   days on market $150,000 Active 26 DOM
10. 2026-06-04
    days on market $150,000 Active 23 DOM
11. 2026-06-03
    days on market $150,000 Active 22 DOM
12. 2026-06-02
    days on market $150,000 Active 21 DOM
13. 2026-06-01
    days on market $150,000 Active 20 DOM
14. 2026-05-31
    days on market $150,000 Active 19 DOM
15. 2026-05-12
    listed $150,000 Active

ⓘ 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: $30,115
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$2,409
• − Management: −$2,409
• − Depreciation: −$4,364
• Taxable income: $9,531
• Est. tax owed @ 24.0%: −$2,287
• After-tax cash flow: $9,064/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 · 1 photo

Good 80/100 Extensive rehab

This single-family home in Burlington, NJ, has extensive remaining work, including a full electrical installation, HVAC, insulation, drywall, kitchen, baths, flooring, and paint. With an estimated completion timeline of 3-4 months, it offers a significant increase in value with a potential after-repair value of around $300,000.

Repairs flagged

• Major kitchen — No photo of kitchen
• Major bathrooms — No photo of bathrooms
• Major HVAC — No photo of HVAC
• Major flooring — No photo of flooring
• Major paint — No photo of interior walls/paint

Value-add opportunities

• Both kitchen and bathrooms — Modernizing the kitchen and bathrooms will appeal to both buyers and renters.
• Both HVAC — Upgrading the HVAC system will improve comfort and energy efficiency.
• Both flooring — Replacing old flooring with modern materials will enhance the home's appearance and value.
• Both paint — Fresh paint will make the interior look new and improve the home's curb appeal.
• Rental landscaping — A well-maintained yard will attract renters and improve the home's curb appeal for resale.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen · No photo of kitchen	Major	$15,000–50,000
bathrooms · No photo of bathrooms	Major	$15,000–50,000
HVAC · No photo of HVAC	Major	$15,000–50,000
flooring · No photo of flooring	Major	$15,000–50,000
paint · No photo of interior walls/paint	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both kitchen and bathrooms — Modernizing the kitchen and bathrooms will appeal to both buyers and renters. ↑
• Both HVAC — Upgrading the HVAC system will improve comfort and energy efficiency. ↑
• Both flooring — Replacing old flooring with modern materials will enhance the home's appearance and value. ↑
• Both paint — Fresh paint will make the interior look new and improve the home's curb appeal. ↑
• Rental landscaping — A well-maintained yard will attract renters and improve the home's curb appeal for resale. ↑

ⓘ 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: 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

1 event — show timeline

• 2026-05-12 Listed $150,000 FSBO.com