19 Driftwood Dr #212 · Tuckerton, NJ 08087

$217,999

2 bd · 1.0 ba · 1,034 sqft · Condo public records · 4 Days on market

Built 1983 $240/mo HOA · 11% of rent

---

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 +15.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• DSCR +4.7/10.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why rent when you can own this charming 2-bedroom, 1-bath end-unit ranch condo offering comfort, convenience, and coastal charm? Featuring an open-concept layout, a stylish granite kitchen, and sliding doors leading to your own fenced-in yard -- perfect for morning coffee, outdoor dining, or weekend BBQs. The spacious primary bedroom provides a relaxing retreat, while the second bedroom is ideal for guests, a nursery, or a home office. Tucked away in a quiet location just minutes from the Garden State Parkway, shopping, dining, and the beautiful beaches of Long Beach Island, this move-in ready home is perfect for first-time buyers, downsizers, investors, or anyone seeking easy, low-maintenance living near the shore.

Key facts

• Move-in ready
• Granite kitchen
• Fenced-in yard

Tags

• OPEN-CONCEPT LAYOUT
• GRANITE KITCHEN
• FENCED-IN YARD
• MOVE-IN READY
• LOW-MAINTENANCE LIVING

Property features AI

Finance

• HOA & community: Monthly condo fee of $240; HOA covers water, sewer, lawn maintenance, and snow removal; Common grounds maintained by the association

Exterior

• Parking: Assigned paved parking (2 assigned spaces) in a parking lot
• Utilities: Well water; Septic system; Electric service
• Home design: End of row townhouse (condominium); Single-level living (main-level bedrooms and bath)
• Construction: Vinyl siding and brick exterior; Shingle roof; Slab foundation; Built information sourced from assessor
• Exterior features: Porch(es); Fully fenced yard; Storage barn/shed

Interior

• Kitchen: Oven/Range - Electric; Microwave; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Flooring: Laminate flooring; Carpet
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Electric baseboard heating; Central air conditioning; Electric hot water (tankless)
• Interior features: Attic; Skylights; Recessed lighting; Eat-in kitchen; Combination kitchen and dining area; Ceiling fans; Walk-in closet(s); Sliding glass door(s)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $218k.

Deal economics

• At list price, monthly cash flow is $80 ($963/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $218k).
• Cap rate 6.7% vs local median 2.4% in Tuckerton — 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 60/100 on livability (#476 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Pinelands Regional School District (rural): math 14% / reading 46% proficiency, ranked #344 of 472 in NJ (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Frog Pond Elementary School (math 14% / reading 33%, grade F, #921 of 1,303 statewide, top 71%, 771 students, 48% FRL); Pinelands Regional Jr. High School (math 10% / reading 48%, grade F, #321 of 431 statewide, top 77%, 520 students, 42% FRL); Pinelands Regional High School (math 21% / reading 41%, grade F, #277 of 399 statewide, top 70%, 1,069 students, 40% FRL).
• Market conditions: 296 active listings in the ZIP; solid renter incomes; 4,434 units permitted in Ocean County in 2024 (868 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.
• Ocean County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,999

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 6.73%
• Cash-on-cash: 1.58%
• DSCR: 1.07
• GRM: 8.2

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-30,079
• Equity at exit: $32,504

10-year hold

• IRR: -4.7%
• Equity multiple: 0.69×
• Total profit: $-19,066
• Equity at exit: $18,849

Cash invested: $61,040 (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 08087

• Active inventory: 296
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,216 medium
• Mortgage (P&I): −$1,143
• Tax from tax record: −$196 /mo · $2,354/yr
• Insurance: −$91
• HOA: −$240
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $80

Break-even live

Break-even rent $2,114

Max offer price $217,999

Occupancy floor 91%

Sensitivity live

Price	-10% $204	-5% $142	+0% $80	+5% $19	+10% $-43
Rent	-10% $-95	-5% $-7	+0% $80	+5% $168	+10% $255
Rate	-1.0pp $190	-0.5pp $136	base $80	+0.5pp $24	+1.0pp $-34

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: $54,500
• Closing costs: $6,540
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $240 · $2,880/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-05-23
   status Pending 725-char remark

   Show marketing remark (725 chars)

   Why rent when you can own this charming 2-bedroom, 1-bath end-unit ranch condo offering comfort, convenience, and coastal charm? Featuring an open-concept layout, a stylish granite kitchen, and sliding doors leading to your own fenced-in yard -- perfect for morning coffee, outdoor dining, or weekend BBQs. The spacious primary bedroom provides a relaxing retreat, while the second bedroom is ideal for guests, a nursery, or a home office. Tucked away in a quiet location just minutes from the Garden State Parkway, shopping, dining, and the beautiful beaches of Long Beach Island, this move-in ready home is perfect for first-time buyers, downsizers, investors, or anyone seeking easy, low-maintenance living near the shore.

2. 2026-05-18
   status Pending
3. 2026-05-14
   listed $217,999 Active 725-char remark

   Show marketing remark (725 chars)

   Why rent when you can own this charming 2-bedroom, 1-bath end-unit ranch condo offering comfort, convenience, and coastal charm? Featuring an open-concept layout, a stylish granite kitchen, and sliding doors leading to your own fenced-in yard -- perfect for morning coffee, outdoor dining, or weekend BBQs. The spacious primary bedroom provides a relaxing retreat, while the second bedroom is ideal for guests, a nursery, or a home office. Tucked away in a quiet location just minutes from the Garden State Parkway, shopping, dining, and the beautiful beaches of Long Beach Island, this move-in ready home is perfect for first-time buyers, downsizers, investors, or anyone seeking easy, low-maintenance living near the shore.

4. 2026-05-14
   listed $217,999 Active

   Show marketing remark (725 chars)

   Why rent when you can own this charming 2-bedroom, 1-bath end-unit ranch condo offering comfort, convenience, and coastal charm? Featuring an open-concept layout, a stylish granite kitchen, and sliding doors leading to your own fenced-in yard -- perfect for morning coffee, outdoor dining, or weekend BBQs. The spacious primary bedroom provides a relaxing retreat, while the second bedroom is ideal for guests, a nursery, or a home office. Tucked away in a quiet location just minutes from the Garden State Parkway, shopping, dining, and the beautiful beaches of Long Beach Island, this move-in ready home is perfect for first-time buyers, downsizers, investors, or anyone seeking easy, low-maintenance living near the shore.

5. 2025-06-25
   soldstatus $195,000
6. 2025-06-20
   soldstatus $195,000 Closed 568-char remark

   Show marketing remark (568 chars)

   Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

7. 2025-06-20
   soldstatus $195,000 Closed

   Show marketing remark (568 chars)

   Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

8. 2025-05-16
   status Pending

   Show marketing remark (568 chars)

   Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

9. 2025-05-16
   status Pending 568-char remark

   Show marketing remark (568 chars)

   Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

10. 2025-05-07
    historical Active Under Contract
11. 2025-04-24
    listed $198,000 Active 568-char remark

    Show marketing remark (568 chars)

    Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

12. 2025-04-24
    listed $198,000 Active

    Show marketing remark (568 chars)

    Why rent when you can own this charming 2 bedroom, 1 bath end-unit ranch condo featuring an open floor plan, a sleek granite kitchen, and sliding doors that open to a fenced-in yard perfect for morning coffee or weekend BBQs. The large primary bedroom offers a cozy retreat, while the second bedroom works great for guests or your dream home office. Nestled in a quiet spot just minutes from the GSP, shopping, and LBI's stunning beaches, this move-in ready home is ideal for first-time buyers, downsizers, investors, or anyone looking for easy, breezy coastal living.

13. 2021-10-01
    soldstatus $165,000
14. 2021-09-24
    soldstatus $165,000 Sold
15. 2021-08-24
    status Pending
16. 2021-08-13
    price $165,000
17. 2021-08-13
    status Active
18. 2021-06-07
    status Pending
19. 2021-05-25
    listed $159,900 Active
20. 2006-01-18
    soldstatus $169,900
21. 2003-02-19
    soldstatus $70,900
22. 1999-06-24
    soldstatus $38,000
23. 1995-01-25
    soldstatus $32,500

ⓘ 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: $2,354 · $196/mo
• Projected year-2 tax: $3,891 · $324/mo
• Expected delta: +$1,537/yr (+$128/mo · 65.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,590
• − Mortgage interest: −$12,211
• − Property taxes: −$2,354
• − Insurance: −$1,090
• − Repairs & maintenance: −$2,127
• − Management: −$2,127
• − HOA: −$2,880
• − Depreciation: −$6,342
• Taxable loss: −$2,542
• Est. tax savings @ 24.0%: +$610
• After-tax cash flow: $1,573/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: Pinelands Regional School District
• NCES district ID: 3413000
• Math proficiency: 14% ▼ -20.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $59,396
• Composite: 26.97/100
• National rank: #7075
• State rank: #344 of 472 in NJ

Livability — Tuckerton

• Score: 60/100
• State rank: #476
• US rank: #18492

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment B- Housing A+ Health & safety D- User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ocean County · 439,426 people
• City population: 25,342
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,342
• Household income: $91,677
• Rent vs Own: 16.6% rent · 83.4% own
• Severe rent burden: 519.0

Population outlook (Ocean County) Hauer SSP2

• Today (2025): 586,991 people
• By 2030: 581,403 · -1.0%
• By 2040: 564,913 · -3.8%
• By 2050: 538,149 · -8.3%
• By 2075: 468,845 · -20.1%
• By 2100: 350,297 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 6% Two or more races 6% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 6% Slovak 2% Portuguese 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Ocean

• 2024 margin: Solid R (+36.0) · D 31.4% · R 67.4% · Other 1.2%
• 2008→2024 swing: -17.6pp toward R · 2008: -18.4pp · 2024: -36.0pp
• All cycles: 2024: R+36.0 2020: R+28.7 2016: R+34.0 2012: R+17.7 2008: R+18.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -243.86%
• Current HPI: 340.4378
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

+570.8% since first listed

23 events — show timeline

• 2026-05-23 Pending — MOMLS
• 2026-05-18 Pending — BRIGHT MLS
• 2026-05-14 Listed $217,999 BRIGHT MLS
• 2026-05-14 Listed $217,999 MOMLS
• 2025-06-25 Sold (Public Records) $195,000 Public Records
• 2025-06-20 Sold (MLS) $195,000 BRIGHT MLS
• 2025-06-20 Sold (MLS) $195,000 MOMLS
• 2025-05-16 Pending — BRIGHT MLS
• 2025-05-16 Pending — MOMLS
• 2025-05-07 Contingent — BRIGHT MLS
• 2025-04-24 Listed $198,000 BRIGHT MLS
• 2025-04-24 Listed $198,000 MOMLS
• 2021-10-01 Sold (Public Records) $165,000 Public Records
• 2021-09-24 Sold (MLS) $165,000 MOMLS
• 2021-08-24 Pending — MOMLS
• 2021-08-13 Price Changed $165,000 MOMLS
• 2021-08-13 Relisted — MOMLS
• 2021-06-07 Pending — MOMLS
• 2021-05-25 Listed $159,900 MOMLS
• 2006-01-18 Sold (Public Records) $169,900 Public Records
• 2003-02-19 Sold (Public Records) $70,900 Public Records
• 1999-06-24 Sold (Public Records) $38,000 Public Records
• 1995-01-25 Sold (Public Records) $32,500 Public Records

Property tax history

+0.3%/yr

Latest (2025): $2,354 · +10.6% YoY. Source: county tax records.