533B Dartmoor Ct · Leisure Village, NJ 08701

$125,000

1 bd · 1.0 ba · 663 sqft · Condo public records · 269 Days on market

Built 1969 $189/sqft · 20% below area Est $155k · 20% under $312/mo HOA · 17% of rent

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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 +26.9/30.0
• ARV discount +15.0/15.0
• 1% rule +9.6/10.0
• DSCR +9.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute ETON in great location. Extra parking on side of bldg. The condo has an upgraded front porch with new windows helping to insulate the room. It has a storage closet and carpet. The living room is large with a dining extension. The closet holds the dryer with plenty of room for storage with two shelves. Kitchen has upgraded appliances and counter. The long counter has a top extension for holding light dining. Upgraded washer & water heater in laundry. Bath has vanity, commode and tub/shower combo. Bedroom has 2 closets, separate with space for bureau in-between. One of the closets is for linen.

Key facts

• Extra parking
• Upgraded front porch
• Great location

Tags

• GREAT LOCATION
• EXTRA PARKING
• UPGRADED FRONT PORCH
• NEW WINDOWS
• STORAGE CLOSET
• UPGRADED APPLIANCES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 6.0% in Leisure Village — 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 64/100 on livability (#416 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, crime B+, cost of living B; Watch: schools D, amenities F, commute F.
• Lakewood Township School District (suburban): math 17% / reading 28% proficiency, ranked #417 of 472 in NJ (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 419 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).
• This rent runs 34% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $42k; list at $125k implies a 198% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 67% 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 $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.46% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.83%
• DSCR: 1.53
• GRM: 5.7

CMA / ARV

• ARV (median comp): $155,394
• List price: $125,000
• Delta: -16.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,899
• Equity at exit: $18,638

10-year hold

• IRR: 11.1%
• Equity multiple: 1.88×
• Total profit: $30,652
• Equity at exit: $10,808

Cash invested: $35,000 (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 08701

• Active inventory: 419
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,824 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$76 /mo · $911/yr
• Insurance: −$52
• HOA: −$312
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $345

Break-even live

Break-even rent $1,387

Max offer price $125,000

Occupancy floor 76%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 Buckingham Ct Lakewood, NJ	1.0	1.0	663	$1,900	$2.87	43d	1	0.36mi

HOA detail condo

• Monthly dues: $312 · $3,744/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $125,000 Active 269 DOM
2. 2026-06-17
   pricedays on market $125,000 Active 268 DOM
3. 2026-06-16
   days on market $130,000 Active 267 DOM
4. 2026-06-15
   days on market $130,000 Active 266 DOM
5. 2026-06-13
   days on market $130,000 Active 264 DOM
6. 2026-06-13
   days on market $130,000 Active 263 DOM
7. 2026-06-09
   days on market $130,000 Active 260 DOM
8. 2026-06-08
   days on market $130,000 Active 259 DOM
9. 2026-06-07
   days on market $130,000 Active 258 DOM
10. 2026-06-04
    days on market $130,000 Active 255 DOM
11. 2026-06-03
    days on market $130,000 Active 254 DOM
12. 2026-06-02
    days on market $130,000 Active 253 DOM
13. 2026-06-01
    days on market $130,000 Active 252 DOM
14. 2026-05-31
    days on market $130,000 Active 251 DOM
15. 2026-03-10
    price $130,000 620-char remark

    Show marketing remark (620 chars)

    Cute ETON in great location. Extra parking on side of bldg. The condo has an upgraded front porch with new windows helping to insulate the room. It has a storage closet and carpet. The living room is large with a dining extension. The closet holds the dryer with plenty of room for storage with two shelves. Kitchen has upgraded appliances and counter. The long counter has a top extension for holding light dining. Upgraded washer & water heater in laundry. Bath has vanity, commode and tub/shower combo. Bedroom has 2 closets, separate with space for bureau in-between. One of the closets is for linen.

16. 2026-02-03
    price $145,000 620-char remark

    Show marketing remark (620 chars)

    Cute ETON in great location. Extra parking on side of bldg. The condo has an upgraded front porch with new windows helping to insulate the room. It has a storage closet and carpet. The living room is large with a dining extension. The closet holds the dryer with plenty of room for storage with two shelves. Kitchen has upgraded appliances and counter. The long counter has a top extension for holding light dining. Upgraded washer & water heater in laundry. Bath has vanity, commode and tub/shower combo. Bedroom has 2 closets, separate with space for bureau in-between. One of the closets is for linen.

17. 2025-09-20
    listed $160,000 Active 620-char remark

    Show marketing remark (620 chars)

    Cute ETON in great location. Extra parking on side of bldg. The condo has an upgraded front porch with new windows helping to insulate the room. It has a storage closet and carpet. The living room is large with a dining extension. The closet holds the dryer with plenty of room for storage with two shelves. Kitchen has upgraded appliances and counter. The long counter has a top extension for holding light dining. Upgraded washer & water heater in laundry. Bath has vanity, commode and tub/shower combo. Bedroom has 2 closets, separate with space for bureau in-between. One of the closets is for linen.

18. 2016-11-01
    soldstatus $42,000
19. 1993-12-01
    soldstatus $21,500

ⓘ 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: $911 · $76/mo
• Projected year-2 tax: $2,012 · $168/mo
• Expected delta: +$1,101/yr (+$92/mo · 120.9%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,883
• − Mortgage interest: −$7,002
• − Property taxes: −$911
• − Insurance: −$625
• − Repairs & maintenance: −$1,751
• − Management: −$1,751
• − HOA: −$3,744
• − Depreciation: −$3,636
• Taxable income: $2,464
• Est. tax owed @ 24.0%: −$591
• After-tax cash flow: $3,551/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: Lakewood Township School District
• NCES district ID: 3408220
• Math proficiency: 17% ▼ -4.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $42,301
• Composite: 19.21/100
• National rank: #8813
• State rank: #417 of 472 in NJ

Livability — Leisure Village

• Score: 64/100
• State rank: #416
• US rank: #14624

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Leisure Village, NJ
• County: Ocean County · 439,426 people
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 139,149
• Household income: $64,959
• Rent vs Own: 48.5% rent · 51.5% own
• Severe rent burden: 5757.0

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 (84%)
• Race & ethnicity: White 84% Hispanic / Latino 11% Two or more races 5% Black 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2% Dominican 2%
• Common ancestry: Romanian 6% Italian 5% Scotch-Irish 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 77% English-only · Spanish 9% German/W. Germanic 7% Russian/Polish/Slavic 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: ▼ -682.83%
• Current HPI: 465.344
• 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

+504.7% since first listed

5 events — show timeline

• 2026-03-10 Price Changed $130,000 MOMLS
• 2026-02-03 Price Changed $145,000 MOMLS
• 2025-09-20 Listed $160,000 MOMLS
• 2016-11-01 Sold (Public Records) $42,000 Public Records
• 1993-12-01 Sold (Public Records) $21,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $911 · +4.1% YoY. Source: county tax records.