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1064B Buckingham Dr
D Composite 40.89
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 +11.2/30.0
  • ARV discount +9.9/15.0
  • 1% rule +4.5/10.0
  • Condition / age +3.8/5.0
  • Schools +3.3/10.0
  • DSCR +3.2/10.0
  • Rent growth +2.5/5.0
  • Livability +2.5/5.0
  • Appreciation +0.0/10.0

$299,000

1064B Buckingham Dr · Manchester, NJ 08759
2 bd · 2.0 ba · 1,193 sqft · SingleFamily · 56 Days on market
55+ age-restricted Built 1986 Good condition 7,840 sqft lot 1-car garage $251/sqft · 5% below area Est $316k · 5% under $448/mo HOA · 17% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

LIVING IS EASY IN THIS IMMACULATE AND SPACIOUS ROXY MODEL IN 55+ LEISURE VILLAGE WEST. EAT-IN-KITCHEN HAS NEWER SS APPLIANCES (2024), GAS COOKING & A WALL OF WINDOWS THAT OFFER LOTS OF NATURAL SUNLIGHT. THIS HOME BOASTS ALL NEWER LUXURY VINYL FLOORING THRU-OUT (2024). THE LR/DR OFFERS SOARING CEILINGS & AN OPEN FLOOR PLAN FOR ENTERTAINING FAMILY OR GUESTS. NEWER AIR CONDITION COILS (2024), & FRESHLY PAINTED THRU OUT (2024). MASTER BEDROOM HAS WALL-TO-WALL CLOSETS, CEILING FAN & AN ADJOINING BATH W/STALL SHOWER. 2ND BEDROOM HAS X-LARGE CLOSET AND CEILING FAN. NEWER WINDOWS IN MOST OF THE HOME. ENJOY YOUR MORNING COFFEE & RELAX ON YOUR SCREENED PORCH OR UNWIND ON YOUR PRIVATE BACK PATIO TO EMBRACE OUTDOOR LIVING. LVW HAS A SUPERIOR MAINTENANCE PROGRAM AND CLUBS /ACTIVITIES.

Key facts

  • Gated community
  • Screened in porch
  • Fitness center

Tags

PRIVATE PATIOSCREENED IN PORCHUPDATED WINDOWSGATED COMMUNITYFITNESS CENTERFULL CALENDAR OF ACTIVITIES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath single-family listed at $299k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-393 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $242k (19.0% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $269k (10.2% below list).
  • Recommended offer: $242k (19.0% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
  • Manchester Township School District (suburban): math 25% / reading 44% proficiency, ranked #320 of 472 in NJ (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Manchester Township Elementary School (math 22% / reading 46%, grade F, #642 of 1,303 statewide, top 50%, 514 students, 45% FRL); Manchester Township Middle School (math 28% / reading 45%, grade F, #226 of 431 statewide, top 55%, 582 students, 41% FRL); Manchester Township High School (math 21% / reading 38%, grade F, #290 of 399 statewide, top 74%, 959 students, 38% FRL) — zoned schools average 42% FRL vs 23% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 1273 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).
  • At $2,685/mo this rent would consume 59% of the median local household income ($55k/yr) — very limited rent-growth headroom before tenants either downsize or default.

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.
  • Ocean County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • It's been on market 56 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts since 2y 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: major wind risk, 65% 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 $242,130 (19.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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 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
0.90% ✗
Cap rate
4.72%
Cash-on-cash
-5.63%
DSCR
0.75
GRM
9.3

CMA / ARV

ARV (median comp)
$315,869
List price
$299,000
Delta
-5.34%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1101 Thornbury Ln Unit B 0.08mi 2/2.0 1,193 (0%) 4mo $339,000 $284 93
1042 Canterbury Dr 0.23mi 2/2.0 1,193 (0%) 2mo $312,000 $262 87
1042B Canterbury Dr 0.24mi 2/2.0 1,193 (0%) 2mo $312,000 $262 87
715A Wooton Ct 0.33mi 2/2.0 1,164 (-2%) 2mo $265,000 $228 79
943 Liverpool Cir Unit B 0.37mi 2/2.0 1,164 (-2%) 4mo $190,000 $163 75
945A Liverpool Cir Unit A 0.40mi 2/2.0 1,243 (+4%) 5mo $248,500 $200 70
815B Liverpool Cir 0.42mi 2/2.0 1,243 (+4%) 4mo $225,000 $181 70
684A Friar Ct 0.57mi 2/2.0 1,164 (-2%) 1mo $249,900 $215 69
519B Cheshire Ct 0.70mi 2/2.0 1,164 (-2%) 0mo $236,000 $203 63
549-A Mayfair Rd 0.63mi 2/2.0 1,243 (+4%) 3mo $225,000 $181 61
1991 Route 37 W #112 0.74mi 3/2.0 (+1) 1,248 (+5%) 3mo $198,500 $159 50
508 Riverside Ave 0.65mi 3/1.0 (+1) 1,296 (+9%) 2mo $470,000 $363 45

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
-25.8%
Equity multiple
0.13×
Total profit
$-73,166
Equity at exit
$44,582
10-year hold
IRR
-21.9%
Equity multiple
-0.13×
Total profit
$-94,661
Equity at exit
$25,852

Cash invested: $83,720 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
44 active · 48 under contract
Months of supply
6.6 mo (15%/mo absorbed)
Median asking
$285,950 ($217/sqft)
Median days on market
44 d
This list price
57% of active listings are priced below it
ARV vs active asking
+22.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 08759

Active inventory
1273
Price-to-rent
9.3×

Monthly cashflow live

Estimated rent
$2,685 high interval (Pro) →
Mortgage (P&I)
−$1,568
Tax est. 1.5%
−$374 /mo · $4,485/yr
Insurance
−$125
HOA
−$448
Vacancy / Maint / Mgmt
−$564
Net cashflow
$-393

Break-even live

Break-even rent $3,183
Max offer price $242,130
Occupancy floor —

Sensitivity live

Price -10% $-186 -5% $-290 +0% $-393 +5% $-496 +10% $-600
Rent -10% $-605 -5% $-499 +0% $-393 +5% $-287 +10% $-181
Rate -1.0pp $-242 -0.5pp $-317 base $-393 +0.5pp $-470 +1.0pp $-549

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
$74,750
Closing costs
$8,970
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 17 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
150 Farm Rd Manchester, NJ 3.0 2.0 1280 $3,000 $2.34 163d 1 0.38mi
43 3rd St Manchester, NJ 3.0 2.0 1346 $3,000 $2.23 10d 1 0.48mi
43 3rd St Manchester, NJ 3.0 2.0 1346 $3,200 $2.38 8d 1 0.48mi
2035 Route 37 Manchester, NJ 1.0–2.0 2.0 1375 $3,150 $2.29 0d 5 0.59mi
517A Cheshire Ct Manchester, NJ 2.0 2.0 1381 $2,250 $1.63 64d 1 0.70mi
77 Cambridge Cir Manchester Township, NJ 2.0 1.0 858 $1,700 $1.98 2d 1 0.90mi
809 Commonwealth Blvd Toms River, NJ 3.0 2.0 1226 $3,000 $2.45 74d 1 1.03mi
501 Bismarck St Toms River, NJ 3.0 1.0 1300 $2,775 $2.13 184d 1 1.05mi
1700 New Jersey 37 Unit 112-11 Toms River, NJ 2.0 2.0 1224 $2,299 $1.88 50d 1 1.08mi
33B Edinburgh Ln Manchester, NJ 2.0 1.5 1050 $1,800 $1.71 6d 1 1.17mi
453A Chesterfield Ct Manchester, NJ 2.0 2.0 946 $2,000 $2.11 10d 1 1.19mi
35C Edinburgh Ln Manchester, NJ 2.0 1.0 964 $1,950 $2.02 10d 1 1.21mi
1033 Birmingham Ave Toms River, NJ 3.0 1.5 1250 $2,700 $2.16 123d 1 1.24mi
43C Edinburgh Ln Manchester, NJ 2.0 1.0 836 $2,200 $2.63 184d 1 1.27mi
73 Buckingham Dr N Manchester, NJ 2.0 2.0 967 $2,200 $2.28 184d 1 1.35mi
2 Leighton Ln #2 Manchester Township, NJ 2.0 2.0 1317 $2,900 $2.20 43d 1 1.39mi
1200 Lawrence Ave Toms River, NJ 3.0 2.0 1248 $3,200 $2.56 70d 1 1.40mi

Property features AI

Finance

HOA & community
Leisure Village West HOAMonthly HOA fee of $448HOA covers common area maintenance, lawn maintenance, pool, and snow removalCommunity amenities include exercise room, community room, swimming pool, golf course, clubhouse, common areas, jogging path, landscaping, and bocci

Exterior

Parking
Attached 1-car garage
Utilities
Public sewer
Home design
Model: RoxyFee simple ownership
Exterior features
Timberline roof

Interior

Kitchen
DishwasherGas stoveMicrowaveRefrigerator
Bedrooms
2 bedrooms
Flooring
Ceramic tileLaminate
Bathrooms
2 full bathrooms
Heating & cooling
Forced air heatingCentral air conditioning
Interior features
Washer, Dryer, Dishwasher, Microwave, Stove, RefrigeratorGarage door openerGas cookingNo fireplacesNo basement
Laundry & utility
Washer, Dryer

HOA detail $448/mo · $5,376/yr

Likely covers
gas

Listing history 50 events

  1. 2026-11-08
    days on market $299,000 Active 56 DOM
  2. 2026-11-07
    days on market $299,000 Active 55 DOM
  3. 2026-11-06
    days on market $299,000 Active 54 DOM
  4. 2026-11-05
    days on market $299,000 Active 53 DOM
  5. 2026-11-04
    days on market $299,000 Active 52 DOM
  6. 2026-11-02
    days on market $299,000 Active 50 DOM
  7. 2026-11-01
    days on market $299,000 Active 49 DOM
  8. 2026-10-31
    days on market $299,000 Active 48 DOM
  9. 2026-10-30
    days on market $299,000 Active 47 DOM
  10. 2026-10-29
    days on market $299,000 Active 46 DOM
  11. 2026-10-28
    days on market $299,000 Active 45 DOM
  12. 2026-10-27
    days on market $299,000 Active 44 DOM
  13. 2026-10-26
    days on market $299,000 Active 43 DOM
  14. 2026-10-25
    days on market $299,000 Active 42 DOM
  15. 2026-10-24
    days on market $299,000 Active 41 DOM
  16. 2026-10-23
    days on market $299,000 Active 40 DOM
  17. 2026-10-22
    days on market $299,000 Active 39 DOM
  18. 2026-10-21
    days on market $299,000 Active 38 DOM
  19. 2026-10-20
    days on market $299,000 Active 37 DOM
  20. 2026-10-19
    days on market $299,000 Active 36 DOM
  21. 2026-10-18
    days on market $299,000 Active 35 DOM
  22. 2026-10-17
    days on market $299,000 Active 34 DOM
  23. 2026-10-16
    days on market $299,000 Active 33 DOM
  24. 2026-10-15
    days on market $299,000 Active 32 DOM
  25. 2026-10-14
    days on market $299,000 Active 31 DOM
  26. 2026-10-13
    days on market $299,000 Active 30 DOM
  27. 2026-10-12
    days on market $299,000 Active 29 DOM
  28. 2026-10-11
    days on market $299,000 Active 28 DOM
  29. 2026-10-10
    days on market $299,000 Active 27 DOM
  30. 2026-10-09
    days on market $299,000 Active 26 DOM
  31. 2026-10-08
    days on market $299,000 Active 25 DOM
  32. 2026-10-07
    days on market $299,000 Active 24 DOM
  33. 2026-10-06
    days on market $299,000 Active 23 DOM
  34. 2026-10-05
    days on market $299,000 Active 22 DOM
  35. 2026-10-04
    days on market $299,000 Active 21 DOM
  36. 2026-10-03
    days on market $299,000 Active 20 DOM
  37. 2026-10-02
    days on market $299,000 Active 19 DOM
  38. 2026-10-01
    days on market $299,000 Active 18 DOM
  39. 2026-09-30
    days on market $299,000 Active 17 DOM
  40. 2026-09-29
    days on market $299,000 Active 16 DOM
  41. 2026-09-28
    days on market $299,000 Active 15 DOM
  42. 2026-09-27
    days on market $299,000 Active 14 DOM
  43. 2026-09-26
    days on market $299,000 Active 13 DOM
  44. 2026-09-25
    days on market $299,000 Active 12 DOM
  45. 2026-09-24
    days on market $299,000 Active 11 DOM
  46. 2026-09-23
    days on market $299,000 Active 10 DOM
  47. 2026-09-22
    days on market $299,000 Active 9 DOM
  48. 2026-09-21
    days on market $299,000 Active 8 DOM
  49. 2026-09-20
    days on market $299,000 Active 7 DOM
  50. 2026-09-19
    days on market $299,000 Active 6 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 7/10 Severe 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$32,222
− Mortgage interest
−$16,749
− Property taxes
−$4,485
− Insurance
−$1,495
− Repairs & maintenance
−$2,578
− Management
−$2,578
− HOA
−$5,376
− Depreciation
−$8,698
Taxable loss
−$9,736
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,337
After-tax cash flow
$-2,380/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 75/100 Cosmetic rehab Est. rehab $5,965–$17,895 screening

This home is in good condition with recent updates, including new appliances, flooring, and windows. It is move-in ready with a well-maintained exterior and landscaping.

Value-add opportunities

  • Both Painting exterior and interior — Enhances curb appeal and interior aesthetics. ↑
  • Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 33/100

Zoned Schools

Elementary Manchester Township Elementary School F NJ #642/1,303 Nat'l #24,299/41,679 Middle Manchester Township Middle School F NJ #226/431 Nat'l #7,065/14,009 High Manchester Township High School F NJ #290/399 Nat'l #11,215/17,239

Schools (NCES district)

District
Manchester Township School District
NCES district ID
3409450
Math proficiency
25% ▼ -17.00%
Reading proficiency
44% ▼ -5.00%
Median HH income
$38,905
Composite
28.8/100
National rank
#6662
State rank
#320 of 472 in NJ

Livability — Manchester

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
Leisure Village West, NJ
County
Ocean · 586,991 people
Metro
New York-Newark-Jersey City, NY-NJ
Population (ZIP)
34,290
Household income
$55,000
Rent vs Own
12.1% rent · 87.9% own
Severe rent burden
11% of renters

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 (87%)
Race & ethnicity
White 87% Hispanic / Latino 5% Black 4% Two or more races 4% Asian 2%
Hispanic origin (detail)
Puerto Rican 2%
Languages at home
88% English-only · Spanish 3% Russian/Polish/Slavic 2% Other Indo-European 2%

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
—

Price history

+12.9% since first listed
9 events — show timeline
  • 2026-09-14 Listed $299,000 MOMLS
  • 2026-09-06 Price Changed $299,000 MOMLS
  • 2026-06-09 Price Changed $305,000 MOMLS
  • 2026-05-31 Price Changed $299,000 MOMLS
  • 2026-04-23 Price Changed $314,900 MOMLS
  • 2026-03-14 Listed $325,000 MOMLS
  • 2024-09-24 Sold (MLS) $264,900 MOMLS
  • 2024-08-14 Pending — MOMLS
  • 2024-08-05 Listed $264,900 MOMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…