165 Fremont Ave #512 · Woodbine, NJ 08270

$65,000

1 bd · 1.0 ba · 806 sqft · SingleFamily · 945 Days on market

Built 2004 Fair condition 4,356 sqft lot Est $114k · 43% under ↓ 26% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Appreciation +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

Key facts

• 4,356 sq ft lot
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $65k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#498 in NJ) — a working-class tenant base; expect higher turnover. Strengths: crime A+; Watch: employment D, schools F, amenities F.
• Woodbine School District (rural): math 25% / reading 40% proficiency, ranked #552 of 612 in NJ (top 90%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 60 active listings in the ZIP; 877 units permitted in Cape May County in 2024 (35 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Cape May County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 945 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $23k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 945 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.90% ✓
• Cap rate: 25.45%
• Cash-on-cash: 68.43%
• DSCR: 4.04
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $113,646
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
165 Fremont Ave #508	0.36mi	1/1.0	806 (0%)	10mo	$82,000	$102	75
165 Fremont Ave #514	0.00mi	2/1.0 (+1)	806 (0%)	24mo	$113,250	$141	75
165 Fremont Ave #702	0.36mi	2/1.0 (+1)	800 (-1%)	13mo	$125,000	$156	66

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: 67.9%
• Equity multiple: 4.05×
• Total profit: $55,600
• Equity at exit: $9,692

10-year hold

• IRR: 72.0%
• Equity multiple: 8.34×
• Total profit: $133,650
• Equity at exit: $5,620

Cash invested: $18,200 (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 08270

• Home prices YoY: -1.4%
• Active inventory: 60
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $1,038

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 40%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $65,000 Active 945 DOM
2. 2026-06-17
   days on market $65,000 Active 944 DOM
3. 2026-06-16
   days on market $65,000 Active 943 DOM
4. 2026-06-15
   days on market $65,000 Active 942 DOM
5. 2026-06-13
   days on market $65,000 Active 940 DOM
6. 2026-06-12
   days on market $65,000 Active 939 DOM
7. 2026-06-09
   days on market $65,000 Active 936 DOM
8. 2026-06-08
   days on market $65,000 Active 935 DOM
9. 2026-06-07
   days on market $65,000 Active 934 DOM
10. 2026-06-07
    days on market $65,000 Active 933 DOM
11. 2026-06-04
    days on market $65,000 Active 930 DOM
12. 2026-06-02
    days on market $65,000 Active 929 DOM
13. 2026-06-01
    days on market $65,000 Active 928 DOM
14. 2026-05-31
    days on market $65,000 Active 927 DOM
15. 2025-10-20
    price $65,000 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

16. 2025-08-02
    price $71,000 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

17. 2025-03-17
    price $78,000 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

18. 2024-12-19
    status Active 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

19. 2024-11-30
    historical 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

20. 2024-05-09
    price $85,000 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

21. 2023-10-29
    listed $88,000 Active 1717-char remark

    Show marketing remark (1717 chars)

    Price Just Dropped by $6,000 – Motivated Sellers! Welcome to your own sun-filled cottage—Unit #512 in Carol Lynn Resorts East, located in Woodbine and just 20 minutes from Sea Isle City. Now listed at $65,000, this well-maintained 1-bedroom seasonal home offers comfort, charm, and affordability near the shore. Set on a spacious corner lot near the front of this gated community, the unit provides easy access and plenty of outdoor space. Enjoy morning coffee or evening relaxation on the large composite front porch or paver patio, shaded by mature trees—perfect for entertaining or unwinding. Inside, the Florida Room features vaulted ceilings, an open layout, and plenty of natural light. While the interior retains its original charm, it’s in solid condition, including a propane stove that’s less than two years old. The kitchen includes a double sink, built-in microwave, refrigerator, and ample cabinet space. The Florida room and living room both offer queen-size pull-out beds, ideal for hosting guests. The rear bedroom includes built-in dressers, mirrored closets, and nightstands. A full bathroom features a tub/shower combo and a corner vanity, and the beach-themed decor throughout the home enhances the relaxed, coastal feel. An 8’ x 8’ vinyl-sided shed is also included for extra storage. Carol Lynn Resorts East is a seasonal, all-ages community open from April 1 to November 1. Residents enjoy access to a pool, playground, basketball court, laundry room, and clean bathhouses. Pets and golf carts are welcome, and there are no guest fees, making it easy to invite family and friends. The updated annual land lease is $8,889 (water & sewer included).

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

Taxation est. · year 1

• Rental income: $22,589
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$1,891
• Taxable income: $12,143
• Est. tax owed @ 24.0%: −$2,914
• After-tax cash flow: $9,541/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 · 12 photos

Fair 45/100 Cosmetic rehab

This 1-bedroom home in Carol Lynn Resorts East offers a good starting point for a cosmetic renovation, with potential for increased value through updates to the kitchen and bathroom.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom vanity — dated design
• Minor front porch railings — slight wear

Value-add opportunities

• Resale paint interior walls — enhances curb appeal
• Resale replace kitchen cabinets — modernizes kitchen
• Resale update bathroom vanity — modernizes bathroom

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom vanity · dated design	Minor	$500–3,000
front porch railings · slight wear	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale paint interior walls — enhances curb appeal ↑
• Resale replace kitchen cabinets — modernizes kitchen ↑
• Resale update bathroom vanity — modernizes bathroom ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Woodbine School District
• NCES district ID: 3418090
• Math proficiency: 25% ▲ 5.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $37,646
• Composite: 29.8/100
• National rank: #11712
• State rank: #552 of 612 in NJ

Livability — Woodbine

• Score: 59/100
• State rank: #498
• US rank: #20502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodbine, NJ
• Population (ZIP): 8,239

Population outlook (Cape May County) Hauer SSP2

• Today (2025): 88,234 people
• By 2030: 84,144 · -4.6%
• By 2040: 75,146 · -14.8%
• By 2050: 67,389 · -23.6%
• By 2075: 55,732 · -36.8%
• By 2100: 44,972 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 11% Two or more races 11% Black 6%
• Hispanic origin (detail): Puerto Rican 8% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Cape May

• 2024 margin: R (+19.2) · D 39.7% · R 58.9% · Other 1.4%
• 2008→2024 swing: -10.6pp toward R · 2008: -8.7pp · 2024: -19.2pp
• All cycles: 2024: R+19.2 2020: R+15.9 2016: R+19.9 2012: R+8.9 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -4.19%
• Current HPI: 300.6266
• Rent YoY: —
• Metro: —
• 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

-26.1% since first listed

7 events — show timeline

• 2025-10-20 Price Changed $65,000 BRIGHT MLS
• 2025-08-02 Price Changed $71,000 BRIGHT MLS
• 2025-03-17 Price Changed $78,000 BRIGHT MLS
• 2024-12-19 Relisted — BRIGHT MLS
• 2024-11-30 Listing Removed — BRIGHT MLS
• 2024-05-09 Price Changed $85,000 BRIGHT MLS
• 2023-10-29 Listed $88,000 BRIGHT MLS