Updated Residential Income
For Sale
$138,000
Pending
903 BERWYCK COURT, Sicklerville, NJ 08081
One-bedroom residence with newer windows, recent mechanical systems, and a front porch in the La Bonne Vie community.
Property Size530 SF
Days on Market62
Property Features for 903 BERWYCK COURT
General Information
Standard status
Pending
Size
530 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
front porch
Building Details
Building Size
530 SF
Year Built
1983
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
ALEXANDRA TRAXLER
(866) 201-6210
Source:
Patciervo.kw
Added: Jun 29
Changed: Aug 28
Last Checked: Aug 28 at 1:17PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property presents a one-bedroom, one-bath layout with several documented updates. Newer windows provide a current improvement, while the HVAC system and hot water heater are 3 years old. Air ducts were professionally cleaned in February. The kitchen includes substantial cabinet storage and a new garbage disposal, adding practical function to the interior. A front porch extends the usable living experience and provides an outdoor space at the entrance.
Built in 1983, the property is located at 903 Berwyck Court in Sicklerville, New Jersey, within the La Bonne Vie community. The combination of a compact floor plan, updated mechanical components, kitchen improvements, and porch area defines the offering.
Built in 1983, the property is located at 903 Berwyck Court in Sicklerville, New Jersey, within the La Bonne Vie community. The combination of a compact floor plan, updated mechanical components, kitchen improvements, and porch area defines the offering.
Key Highlights
- One‑bedroom, one‑bath residential income property
- HVAC system and hot water heater are 3 years old
- Newer windows and air ducts professionally cleaned in February
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
$5,382
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
3.90%
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%
$107,640
$107.6K
Cap Rate 7%
$76,886
$76.9K
Cap Rate 9%
$59,800
$59.8K
Market Conditions
NOI Build-Up for 530 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
$10.4K $19.56/SF
− Vacancy
−$581 −$1.10/SF
EGI
$9.8K $18.46/SF
− OpEx
−$4.4K −$8.31/SF
NOI
$5.4K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /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%
$107,640
Cap Rate 7%
$76,886
Cap Rate 9%
$59,800
Alternative Uses
Best Use
Apartment 5plus
$76.9K
$67.3K – $89.7K
NOI $5,382 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$134.4K
$117.6K – $156.8K
NOI $9,407 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with newer windows, recent mechanical systems, and a front porch in the La Bonne Vie community.
Where is this residential income property located?
The property is located at 903 BERWYCK COURT Sicklerville, NJ.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residential income property; HVAC system and hot water heater are 3 years old; Newer windows and air ducts professionally cleaned in February
