Residential Income Property with
New
For Sale
$250,000
568 WILLOW TURN #A, Mount Laurel, NJ 08054
The residence features a renovated kitchen, two full bathrooms, and a sliding door to the front patio.
Property Size888 SF
Price / SF$281.53
Days on Market4
Property Features for 568 WILLOW TURN #A
General Information
Standard status
Active
Size
888 SF
Property subtype
Apartment
Building Details
Year Built
1981
Listing Agency:
Weichert Realtors - Moorestown
(856) 235-1950
Listed By:
MELISSA Rose CASTERIOTO
(609) 833-0866
Source:
Cummingsrealtors
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors - Moorestown
Investment Insights
Based on property information with market context.
Built in 1981, this 888-square-foot residence has an open living area, two bedrooms, and two full bathrooms. The kitchen has new cabinetry and granite countertops, while the primary suite includes a private bath with a shower stall. The second bathroom is off the hallway and has a tub surround. New windows, recessed lighting, newer living-room carpeting, and six-panel doors are among the interior features. A sliding door connects the living room to the front patio, and a storage closet adds space for household items.
Additional updates include a newer washer and dryer and a newer hot water heater. The property is located at 568 Willow Turn #A in Mt. Laurel, New Jersey.
Additional updates include a newer washer and dryer and a newer hot water heater. The property is located at 568 Willow Turn #A in Mt. Laurel, New Jersey.
Key Highlights
- 888 square feet; built in 1981
- Two bedrooms and two full bathrooms
- Kitchen updated with new cabinetry and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,631
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,620
$232.6K
Cap Rate 7%
$166,157
$166.2K
Cap Rate 9%
$129,233
$129.2K
Market Conditions
NOI Build-Up for 888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.4K $25.20/SF
− Vacancy
−$1.2K −$1.39/SF
EGI
$21.1K $23.81/SF
− OpEx
−$9.5K −$10.72/SF
NOI
$11.6K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$232,620
Cap Rate 7%
$166,157
Cap Rate 9%
$129,233
Alternative Uses
Best Use
Apartment 5plus
$166.2K
$145.4K – $193.9K
NOI $11,631 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,006 @ 7.0% cap · market cap 52.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence features a renovated kitchen, two full bathrooms, and a sliding door to the front patio.
Where is this residential income property located?
The property is located at 568 WILLOW TURN #A Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 888 square feet; built in 1981; Two bedrooms and two full bathrooms; Kitchen updated with new cabinetry and granite countertops
