115 Sheffield Dr · Burlington, NJ 08046

$290,000

3 bd · 2.0 ba · 1,436 sqft · SingleFamily public records · 85 Days on market

Built 1958 6,500 sqft lot Est $366k · 21% under

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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 +16.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• 1% rule +5.0/10.0
• 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

This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

Key facts

• Covered porch
• Eat in kitchen
• Large yard

Tags

• COVERED PORCH
• EAT IN KITCHEN
• WOOD BURNING FIREPLACE
• LARGE YARD

Property features AI

Finance

• Other: Finished above-grade area reported (per assessor)
• Financial info: Ownership: Fee simple

Exterior

• Parking: Front-entry attached garage (1 space); Driveway parking
• Utilities: Public water; Public sewer; Natural gas hot water
• Home design: Detached single-family home; Frame construction; Slab foundation
• Construction: Frame construction; Slab foundation; Above-grade and below-grade structures noted
• Exterior features: Lot dimensions approximately 65 x 100; No tidal water

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Radiant heating; Other heating type; Heating fuel: natural gas and wood; Window air conditioning units (electric)
• Interior features: Two or more access exits; Wood-burning fireplace (1)
• Laundry & utility: Main floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $160 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $290k (0.0% below list).
• Recommended offer: $273k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 4.9% 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: 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.
• Zoned schools: Willingboro Memorial Middle School (math 5% / reading 34%, grade F, #398 of 431 statewide, top 93%, 600 students, 8% FRL); Willingboro High School (math 2% / reading 37%, grade F, #354 of 399 statewide, top 89%, 842 students, 0% FRL) — zoned schools average 4% FRL vs 48% district-wide (44 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 155 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 0d 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 35% 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 $9k 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 85 days — a 6% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 26y 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 $85k; list at $290k implies a 241% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $272,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.00% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.37%
• DSCR: 1.11
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $366,180
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
60 Sheffield Dr	0.18mi	4/2.0 (+1)	1,372 (-4%)	2mo	$350,000	$255	78
12 Bloomfield Ln	0.39mi	3/2.0	1,452 (+1%)	6mo	$356,000	$245	75
11 Birdseye Ln	0.50mi	4/2.0 (+1)	1,372 (-4%)	1mo	$400,000	$292	64
14 Buttercup Ln	0.43mi	4/2.0 (+1)	1,372 (-4%)	5mo	$315,000	$230	63
25 Blackwell Ln	0.51mi	4/2.0 (+1)	1,372 (-4%)	1mo	$340,000	$248	63
26 Buttercup Ln	0.43mi	4/2.0 (+1)	1,372 (-4%)	6mo	$370,000	$270	62
71 Shawmont Ln	0.10mi	4/1.0 (+1)	1,624 (+13%)	3mo	$260,000	$160	62
30 Beechfern Ln	0.57mi	4/2.0 (+1)	1,372 (-4%)	1mo	$360,000	$262	60
42 Bucknell Ln	0.70mi	3/2.0	1,384 (-4%)	2mo	$365,000	$264	60
11 Buxmont Ln	0.58mi	4/2.0 (+1)	1,372 (-4%)	3mo	$340,000	$248	58
39 Babbitt Ln	0.45mi	3/2.0	1,273 (-11%)	5mo	$357,000	$280	56
21 Stafford Ln	0.71mi	4/2.0 (+1)	1,572 (+10%)	2mo	$369,000	$235	44

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: -12.5%
• Equity multiple: 0.55×
• Total profit: $-36,654
• Equity at exit: $43,240

10-year hold

• IRR: -3.4%
• Equity multiple: 0.78×
• Total profit: $-18,270
• Equity at exit: $25,074

Cash invested: $81,200 (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: 155
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,899 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$488 /mo · $5,859/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$609
• Net cashflow: $160

Break-even live

Break-even rent $2,696

Max offer price $290,000

Occupancy floor 89%

Sensitivity live

Price	-10% $325	-5% $243	+0% $160	+5% $78	+10% $-4
Rent	-10% $-69	-5% $46	+0% $160	+5% $275	+10% $389
Rate	-1.0pp $306	-0.5pp $234	base $160	+0.5pp $85	+1.0pp $9

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17 Snowdon Ln Willingboro, NJ	3.0	2.0	1200	$2,700	$2.25	0d	1	0.11mi
6 Sherwood Ln Willingboro, NJ	4.0	2.0	1372	$3,200	$2.33	0d	1	0.27mi
1000 Ivorie Ct Burlington, NJ	1.0–2.0	1.0	1025	$2,075	$2.02	26d	1	0.39mi
20 Sussex Dr Unit Sfh Willingboro, NJ	4.0	2.0	1000	$2,850	$2.85	0d	1	0.44mi
1020 Jardin Ct Burlington, NJ	2.0	1.0	1024	$1,800	$1.76	7d	1	0.48mi
1020 Woodlane Rd Beverly, NJ	2.0	1.0–1.5	1515	$2,054	$1.36	0d	14	0.59mi
28 Palmer Sq Beverly, NJ	2.0	1.5	1096	$2,450	$2.24	0d	1	0.65mi
48 Sandstone Ln Willingboro, NJ	4.0	2.0	1372	$2,700	$1.97	0d	1	0.78mi
29 Hinsdale Ln Willingboro, NJ	4.0	2.0	1570	$3,750	$2.39	0d	1	0.83mi
52 Creekside Way Burlington, NJ	3.0	3.5	1764	$3,100	$1.76	0d	1	0.91mi
34 Hopkins Ln Willingboro, NJ	3.0	2.0	1696	$3,200	$1.89	0d	1	0.93mi
17 Bonnie Ln Willingboro, NJ	4.0	2.5	1797	$2,890	$1.61	26d	1	1.04mi
89 Hampshire Ln Willingboro, NJ	4.0	2.0	1562	$3,400	$2.18	12d	1	1.21mi
4236 Route 130 Willingboro, NJ	1.0–3.0	1.0–2.5	1278	$2,710	$2.12	0d	1	1.29mi
200 Delanco Rd Beverly, NJ	1.0–2.0	1.0–2.0	1054	$2,235	$2.12	0d	7	1.33mi
120 Elm St Beverly, NJ	1.0–2.0	1.0–1.5	967	$1,995	$2.06	0d	5	1.34mi
129 Green St Beverly, NJ	3.0	1.0	1008	$2,800	$2.78	45d	1	1.35mi
74 Plumtree Ln Willingboro, NJ	4.0	2.0	1624	$3,000	$1.85	0d	1	1.40mi
20 Mosshill Ln Unit 4BR Willingboro, NJ	4.0	1.5	1000	$2,900	$2.90	26d	1	1.43mi
10 Melville Ln Willingboro, NJ	4.0	2.5	1797	$3,000	$1.67	17d	1	1.46mi
23 Raleigh Pl Willingboro, NJ	3.0	2.0	1430	$2,600	$1.82	45d	1	1.47mi

Listing history 42 events

1. 2026-06-21
   days on market $290,000 Active 85 DOM
2. 2026-06-18
   days on market $290,000 Active 82 DOM
3. 2026-06-17
   days on market $290,000 Active 81 DOM
4. 2026-06-16
   days on market $290,000 Active 80 DOM
5. 2026-06-15
   days on market $290,000 Active 79 DOM
6. 2026-06-13
   days on market $290,000 Active 77 DOM
7. 2026-06-13
   days on market $290,000 Active 76 DOM
8. 2026-06-09
   days on market $290,000 Active 73 DOM
9. 2026-06-08
   days on market $290,000 Active 72 DOM
10. 2026-06-07
    days on market $290,000 Active 71 DOM
11. 2026-06-04
    days on market $290,000 Active 68 DOM
12. 2026-06-03
    days on market $290,000 Active 67 DOM
13. 2026-06-02
    days on market $290,000 Active 66 DOM
14. 2026-06-01
    days on market $290,000 Active 65 DOM
15. 2026-05-31
    days on market $290,000 Active 64 DOM
16. 2026-03-10
    historical Active Under Contract
17. 2026-02-15
    status Active
18. 2026-02-09
    historical Active Under Contract
19. 2026-02-01
    price $290,000
20. 2026-01-03
    listed $300,000 Active
21. 2025-12-31
    historical
22. 2025-11-24
    price $300,000
23. 2025-10-21
    price $310,000
24. 2025-09-26
    listed $315,000 Active
25. 2015-07-30
    soldstatus $85,000 Sold 357-char remark

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

26. 2015-07-30
    soldstatus $85,000

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

27. 2015-06-16
    status Under Contract 357-char remark

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

28. 2015-06-15
    soldstatus $85,000 Sold 357-char remark

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

29. 2015-06-02
    status Under Contract 357-char remark

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

30. 2015-05-05
    historical
31. 2015-04-28
    listed $85,000 Active 357-char remark

    Show marketing remark (357 chars)

    This fabulous rancher has been newly renovated. Newer appliances in the bright & airy, eat-in kitchen. New carpet and neutral paint throughout. This property is move-in ready, just waiting for you to make it home!!! Spacious rooms throughout. A brick fireplace is the focal point of the living room. The bank is asking for HIGHEST AND BEST BY 5PM SUNDAY

32. 2015-04-27
    listed $85,000
33. 2015-04-27
    historical
34. 2015-01-07
    listed $90,000
35. 2015-01-07
    historical
36. 2014-12-05
    listed $105,000
37. 2014-12-05
    historical
38. 2014-11-05
    listed $119,500
39. 2000-12-07
    soldstatus $80,000
40. 2000-11-22
    soldstatus $80,000
41. 2000-10-11
    historical
42. 2000-07-24
    listed $80,000

ⓘ 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: $5,859 · $488/mo
• Projected year-2 tax: $6,540 · $545/mo
• Expected delta: +$681/yr (+$57/mo · 11.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,789
• − Mortgage interest: −$16,245
• − Property taxes: −$5,859
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,783
• − Management: −$2,783
• − Depreciation: −$8,436
• Taxable loss: −$2,767
• Est. tax savings @ 24.0%: +$664
• After-tax cash flow: $2,589/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

+262.5% since first listed

27 events — show timeline

• 2026-03-10 Contingent — BRIGHT MLS
• 2026-02-15 Relisted — BRIGHT MLS
• 2026-02-09 Contingent — BRIGHT MLS
• 2026-02-01 Price Changed $290,000 BRIGHT MLS
• 2026-01-03 Listed $300,000 BRIGHT MLS
• 2025-12-31 Listing Removed — BRIGHT MLS
• 2025-11-24 Price Changed $300,000 BRIGHT MLS
• 2025-10-21 Price Changed $310,000 BRIGHT MLS
• 2025-09-26 Listed $315,000 BRIGHT MLS
• 2015-07-30 Sold (MLS) $85,000 BRIGHT MLS
• 2015-07-30 Sold (MLS) $85,000 TREND
• 2015-06-16 Pending — TREND
• 2015-06-15 Sold (MLS) $85,000 TREND
• 2015-06-02 Pending — TREND
• 2015-05-05 Listing Removed — BRIGHT MLS
• 2015-04-28 Listed $85,000 TREND
• 2015-04-27 Listing Removed — BRIGHT MLS
• 2015-04-27 Listed $85,000 BRIGHT MLS
• 2015-01-07 Listing Removed — BRIGHT MLS
• 2015-01-07 Listed $90,000 BRIGHT MLS
• 2014-12-05 Listing Removed — BRIGHT MLS
• 2014-12-05 Listed $105,000 BRIGHT MLS
• 2014-11-05 Listed $119,500 BRIGHT MLS
• 2000-12-07 Sold (Public Records) $80,000 Public Records
• 2000-11-22 Sold (MLS) $80,000 BRIGHT MLS
• 2000-10-11 Listing Removed — BRIGHT MLS
• 2000-07-24 Listed $80,000 BRIGHT MLS

Property tax history

+2.5%/yr

Latest (2025): $5,859 · +2.0% YoY. Source: county tax records.