20 Yorkshire Ct Unit E · Manchester, NJ 08759

$119,000

1 bd · 1.0 ba · 671 sqft · SingleFamily · 293 Days on market

55+ age-restricted Built 1973 Fair condition 5,227 sqft lot $177/sqft · 29% below area Est $167k · 29% under $362/mo HOA · 22% of rent ↓ 14% since listing

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Why this score? — see what drove the C 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 +17.4/30.0
• ARV discount +15.0/15.0
• 1% rule +7.1/10.0
• DSCR +5.6/10.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Stop renting and start living the lifestyle you deserve in this beautifully renovated home in a premier 55+ gated community. This charming residence features a wonderful front porch—perfect for enjoying your morning coffee while watching the day begin. Recent renovations ensure move-in ready comfort and modern conveniences throughout, and the affordable pricing makes homeownership accessible without sacrificing quality or amenities. The community offers world-class amenities that cater to every interest and activity level. This is more than just a home—it's a vibrant community and an active lifestyle. Schedule your private showing today, because this one truly must be seen to be appreciated!

Key facts

• 5,227 sq ft lot
• Community pool
• Built 1973

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $119k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.3% in Manchester — 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: area grade C — 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; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).
• This rent runs 37% of the median local income ($55k/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 $823 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.

Negotiation context

• It's been on market 293 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• 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 $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 293 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. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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.
8. 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.
9. 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: 1.41% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.14%
• DSCR: 1.23
• GRM: 5.9

CMA / ARV

• ARV (median comp): $166,735
• List price: $119,000
• Delta: -28.63%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21E Yorkshire Ct	0.02mi	1/1.0	671 (0%)	3mo	$115,000	$171	96
24A Yorkshire Ct	0.05mi	1/1.0	671 (0%)	14mo	$149,500	$223	87
21 Yorkshire Ct Unit A	0.03mi	1/1.0	671 (0%)	15mo	$130,000	$194	86
17C Sterling St	0.18mi	1/1.0	671 (0%)	8mo	$170,000	$253	85
21B Yorkshire Ct	0.02mi	1/1.0	671 (0%)	17mo	$142,000	$212	85
55F Edinburgh Ln	0.32mi	1/1.0	671 (0%)	5mo	$165,000	$246	81
15C Cambridge Cir	0.32mi	1/1.0	671 (0%)	14mo	$132,000	$197	73
55F Edinburgh Ln	0.32mi	1/1.0	671 (0%)	15mo	$130,000	$194	72
54B Edinburgh Ln	0.34mi	1/1.0	671 (0%)	18mo	$130,000	$194	69
439C Chesterfield Ct	0.39mi	1/1.0	738 (+10%)	2mo	$145,000	$196	63
43C Cambridge Cir	0.29mi	1/1.0	702 (+5%)	19mo	$160,000	$228	63
440 G Dartmoor Way	0.41mi	1/1.0	738 (+10%)	12mo	$165,000	$224	55

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: -8.1%
• Equity multiple: 0.70×
• Total profit: $-9,942
• Equity at exit: $17,743

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $4,059
• Equity at exit: $10,289

Cash invested: $33,320 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 6 active · 4 under contract
• Months of supply: 9.0 mo (11%/mo absorbed)
• Median asking: $149,400 ($213/sqft)
• Median days on market: 66 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +16.9% 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: 5.9×

Monthly cashflow live

• Estimated rent: $1,680 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$362
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $143

Break-even live

Break-even rent $1,499

Max offer price $119,000

Occupancy floor 86%

Sensitivity live

Price	-10% $225	-5% $184	+0% $143	+5% $102	+10% $61
Rent	-10% $10	-5% $76	+0% $143	+5% $209	+10% $275
Rate	-1.0pp $203	-0.5pp $173	base $143	+0.5pp $112	+1.0pp $81

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: $29,750
• Closing costs: $3,570
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

HOA detail $362/mo · $4,344/yr

• Likely covers: security

Listing history 50 events

1. 2026-11-08
   days on market $119,000 Active 293 DOM
2. 2026-11-07
   days on market $119,000 Active 292 DOM
3. 2026-11-06
   days on market $119,000 Active 291 DOM
4. 2026-11-05
   days on market $119,000 Active 290 DOM
5. 2026-11-04
   days on market $119,000 Active 289 DOM
6. 2026-11-02
   days on market $119,000 Active 287 DOM
7. 2026-11-01
   days on market $119,000 Active 286 DOM
8. 2026-10-31
   days on market $119,000 Active 285 DOM
9. 2026-10-30
   days on market $119,000 Active 284 DOM
10. 2026-10-29
    days on market $119,000 Active 283 DOM
11. 2026-10-28
    days on market $119,000 Active 282 DOM
12. 2026-10-27
    days on market $119,000 Active 281 DOM
13. 2026-10-26
    days on market $119,000 Active 280 DOM
14. 2026-10-25
    days on market $119,000 Active 279 DOM
15. 2026-10-24
    days on market $119,000 Active 278 DOM
16. 2026-10-23
    days on market $119,000 Active 277 DOM
17. 2026-10-22
    days on market $119,000 Active 276 DOM
18. 2026-10-21
    days on market $119,000 Active 275 DOM
19. 2026-10-20
    days on market $119,000 Active 274 DOM
20. 2026-10-19
    days on market $119,000 Active 273 DOM
21. 2026-10-18
    days on market $119,000 Active 272 DOM
22. 2026-10-17
    days on market $119,000 Active 271 DOM
23. 2026-10-16
    days on market $119,000 Active 270 DOM
24. 2026-10-15
    days on market $119,000 Active 269 DOM
25. 2026-10-14
    days on market $119,000 Active 268 DOM
26. 2026-10-13
    days on market $119,000 Active 267 DOM
27. 2026-10-12
    days on market $119,000 Active 266 DOM
28. 2026-10-11
    days on market $119,000 Active 265 DOM
29. 2026-10-10
    days on market $119,000 Active 264 DOM
30. 2026-10-09
    days on market $119,000 Active 263 DOM
31. 2026-10-08
    days on market $119,000 Active 262 DOM
32. 2026-10-07
    days on market $119,000 Active 261 DOM
33. 2026-10-06
    days on market $119,000 Active 260 DOM
34. 2026-10-05
    days on market $119,000 Active 259 DOM
35. 2026-10-04
    days on market $119,000 Active 258 DOM
36. 2026-10-03
    days on market $119,000 Active 257 DOM
37. 2026-10-02
    days on market $119,000 Active 256 DOM
38. 2026-10-01
    days on market $119,000 Active 255 DOM
39. 2026-09-30
    days on market $119,000 Active 254 DOM
40. 2026-09-29
    days on market $119,000 Active 253 DOM
41. 2026-09-28
    days on market $119,000 Active 252 DOM
42. 2026-09-27
    days on market $119,000 Active 251 DOM
43. 2026-09-26
    days on market $119,000 Active 250 DOM
44. 2026-09-25
    days on market $119,000 Active 249 DOM
45. 2026-09-24
    days on market $119,000 Active 248 DOM
46. 2026-09-23
    days on market $119,000 Active 247 DOM
47. 2026-09-22
    days on market $119,000 Active 246 DOM
48. 2026-09-21
    days on market $119,000 Active 245 DOM
49. 2026-09-20
    days on market $119,000 Active 244 DOM
50. 2026-09-19
    days on market $119,000 Active 243 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

Taxation est. · year 1

• Rental income: $20,159
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$1,613
• − Management: −$1,613
• − HOA: −$4,344
• − Depreciation: −$3,462
• Taxable income: $82
• Est. tax owed @ 24.0%: −$20
• After-tax cash flow: $1,694/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 Est. rehab $3,355–$10,065 screening

This home is in fair condition with cosmetic updates needed. Fresh paint and a new roof would significantly enhance its value.

Repairs flagged

• Minor Exterior paint — Some discoloration on brick
• Minor Roof shingles — Aged appearance

Value-add opportunities

• Resale Paint exterior — Fresh paint enhances curb appeal ↑
• Resale Replace roof shingles — New roof improves home's value ↑
• Rental Landscaping — Well-maintained landscaping attracts tenants ↑

ⓘ 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

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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%

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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%

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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: ▼ -347.85%
• Current HPI: 274.4679
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

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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

-13.9% since first listed

4 events — show timeline

• 2026-05-19 Pending — MOMLS
• 2026-04-23 Price Changed $129,000 MOMLS
• 2026-01-15 Listed $139,900 MOMLS
• 2025-10-08 Listed $149,900 MOMLS