1080 Buckingham Dr · Thorofare, NJ 08086

$350,000

3 bd · 2.5 ba · 2,342 sqft · Condo public records · 149 Days on market

Built 2006 $149/sqft · 5% below area Est $369k · 5% under $285/mo HOA · 8% of rent

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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 +11.9/30.0
• ARV discount +9.8/15.0
• 1% rule +5.1/10.0
• DSCR +3.5/10.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 2-story townhome built in 2007 in the highly desirable Grande at Kingswood community of West Deptford. This well-maintained home features a brand-new roof (2025), new water heater (2023), fenced backyard (installed 2023), and a high-quality Carrier HVAC system—a trusted brand known for efficiency and reliability. The home offers 3 bedrooms, 2.5 baths, and hardwood floors throughout the main living areas. The updated kitchen features stone countertops, ample cabinetry, and a bright breakfast area that opens to a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. A large living room provides additional space for gatherings. Enjoy outdoor living with a rear deck connected to the second floor, complete with stairs leading down to the backyard—ideal for entertaining, grilling, or relaxing outdoors. Upstairs, the generous primary suite includes a walk-in closet with custom shelving and a private bath featuring a soaking tub, double vanity, and walk-in shower. Two additional bedrooms share a full bath. The first-floor laundry room includes a newer washer and dryer (2023) for added convenience. The lower level offers access to a built-in garage plus flexible space perfect for storage, a home gym, or a home office. Conveniently located near Routes 45, 55, and 295, with easy access to Philadelphia, shopping, dining, Rowan University, and Inspira Hospital. Move-in ready—schedule your showing today!

Key facts

• Brand new roof
• New water heater
• Updated kitchen

Tags

• BRAND NEW ROOF
• NEW WATER HEATER
• FENCED BACKYARD
• UPDATED KITCHEN
• REAR DECK
• WALK IN CLOSET

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $350k.

Deal economics

• At list price, monthly cash flow is $-92 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $334k (4.7% below list).
• Meets the 1% rule at list price ($4k rent vs $350k).
• Recommended offer: $308k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• West Deptford Township School District (suburban): math 24% / reading 50% proficiency, ranked #253 of 472 in NJ (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: West Deptford Middle School (math 20% / reading 53%, grade F, #226 of 431 statewide, top 55%, 849 students, 26% FRL); West Deptford High School (math 32% / reading 57%, grade F, #149 of 399 statewide, top 40%, 781 students, 22% FRL) — zoned schools at 24% FRL track the district average.
• Market conditions: 40 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,047 units permitted in Gloucester County in 2024 (183 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 $10k of value loss. Plan a longer hold.
• Gloucester County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y ago; this cycle's ask has dropped $45k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $170k; list at $350k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $308,000 (12.0% 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 149 days. Have you received any prior offers? Is the seller open to a 12% 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. 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. 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?
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: 1.01% ✓
• Cap rate: 5.98%
• Cash-on-cash: -1.13%
• DSCR: 0.95
• GRM: 8.3

CMA / ARV

• ARV (median comp): $368,875
• List price: $350,000
• Delta: -5.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -18.0%
• Equity multiple: 0.36×
• Total profit: $-62,267
• Equity at exit: $52,186

10-year hold

• IRR: -10.0%
• Equity multiple: 0.38×
• Total profit: $-60,442
• Equity at exit: $30,262

Cash invested: $98,000 (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 08086

• Home prices YoY: -5.0%
• Active inventory: 40
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $3,524 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$610 /mo · $7,321/yr
• Insurance: −$146
• HOA: −$285
• Vacancy / Maint / Mgmt: −$740
• Net cashflow: $-92

Break-even live

Break-even rent $3,641

Max offer price $333,674

Occupancy floor 98%

Sensitivity live

Price	-10% $106	-5% $7	+0% $-92	+5% $-191	+10% $-291
Rent	-10% $-371	-5% $-232	+0% $-92	+5% $47	+10% $186
Rate	-1.0pp $84	-0.5pp $-3	base $-92	+0.5pp $-183	+1.0pp $-275

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 Bell Ave Mount Royal, NJ	4.0	2.0	3000	$3,499	$1.17	0d	1	1.36mi
127 Bell Ave Mount Royal, NJ	4.0	2.0	3000	$3,549	$1.18	23d	1	1.36mi

HOA detail condo

• Monthly dues: $285 · $3,420/yr
• Likely covers: watergym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-21
   days on market $350,000 Active 149 DOM
2. 2026-06-18
   days on market $350,000 Active 146 DOM
3. 2026-06-18
   remarks 699-char remark
4. 2026-06-18
   price $350,000 Active 145 DOM
5. 2026-06-17
   days on market $375,000 Active 145 DOM
6. 2026-06-16
   days on market $375,000 Active 144 DOM
7. 2026-06-15
   days on market $375,000 Active 143 DOM
8. 2026-06-13
   days on market $375,000 Active 141 DOM
9. 2026-06-09
   days on market $375,000 Active 137 DOM
10. 2026-06-08
    days on market $375,000 Active 136 DOM
11. 2026-06-07
    pricestatusdays on market $375,000 Active 135 DOM
12. 2026-04-15
    price $385,000 1469-char remark

    Show marketing remark (1469 chars)

    Beautiful 2-story townhome built in 2007 in the highly desirable Grande at Kingswood community of West Deptford. This well-maintained home features a brand-new roof (2025), new water heater (2023), fenced backyard (installed 2023), and a high-quality Carrier HVAC system—a trusted brand known for efficiency and reliability. The home offers 3 bedrooms, 2.5 baths, and hardwood floors throughout the main living areas. The updated kitchen features stone countertops, ample cabinetry, and a bright breakfast area that opens to a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. A large living room provides additional space for gatherings. Enjoy outdoor living with a rear deck connected to the second floor, complete with stairs leading down to the backyard—ideal for entertaining, grilling, or relaxing outdoors. Upstairs, the generous primary suite includes a walk-in closet with custom shelving and a private bath featuring a soaking tub, double vanity, and walk-in shower. Two additional bedrooms share a full bath. The first-floor laundry room includes a newer washer and dryer (2023) for added convenience. The lower level offers access to a built-in garage plus flexible space perfect for storage, a home gym, or a home office. Conveniently located near Routes 45, 55, and 295, with easy access to Philadelphia, shopping, dining, Rowan University, and Inspira Hospital. Move-in ready—schedule your showing today!

13. 2026-04-01
    status Active 1469-char remark

    Show marketing remark (1469 chars)

    Beautiful 2-story townhome built in 2007 in the highly desirable Grande at Kingswood community of West Deptford. This well-maintained home features a brand-new roof (2025), new water heater (2023), fenced backyard (installed 2023), and a high-quality Carrier HVAC system—a trusted brand known for efficiency and reliability. The home offers 3 bedrooms, 2.5 baths, and hardwood floors throughout the main living areas. The updated kitchen features stone countertops, ample cabinetry, and a bright breakfast area that opens to a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. A large living room provides additional space for gatherings. Enjoy outdoor living with a rear deck connected to the second floor, complete with stairs leading down to the backyard—ideal for entertaining, grilling, or relaxing outdoors. Upstairs, the generous primary suite includes a walk-in closet with custom shelving and a private bath featuring a soaking tub, double vanity, and walk-in shower. Two additional bedrooms share a full bath. The first-floor laundry room includes a newer washer and dryer (2023) for added convenience. The lower level offers access to a built-in garage plus flexible space perfect for storage, a home gym, or a home office. Conveniently located near Routes 45, 55, and 295, with easy access to Philadelphia, shopping, dining, Rowan University, and Inspira Hospital. Move-in ready—schedule your showing today!

14. 2026-03-31
    historical 1469-char remark

    Show marketing remark (1469 chars)

    Beautiful 2-story townhome built in 2007 in the highly desirable Grande at Kingswood community of West Deptford. This well-maintained home features a brand-new roof (2025), new water heater (2023), fenced backyard (installed 2023), and a high-quality Carrier HVAC system—a trusted brand known for efficiency and reliability. The home offers 3 bedrooms, 2.5 baths, and hardwood floors throughout the main living areas. The updated kitchen features stone countertops, ample cabinetry, and a bright breakfast area that opens to a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. A large living room provides additional space for gatherings. Enjoy outdoor living with a rear deck connected to the second floor, complete with stairs leading down to the backyard—ideal for entertaining, grilling, or relaxing outdoors. Upstairs, the generous primary suite includes a walk-in closet with custom shelving and a private bath featuring a soaking tub, double vanity, and walk-in shower. Two additional bedrooms share a full bath. The first-floor laundry room includes a newer washer and dryer (2023) for added convenience. The lower level offers access to a built-in garage plus flexible space perfect for storage, a home gym, or a home office. Conveniently located near Routes 45, 55, and 295, with easy access to Philadelphia, shopping, dining, Rowan University, and Inspira Hospital. Move-in ready—schedule your showing today!

15. 2026-01-08
    listed $395,000 Active 1469-char remark

    Show marketing remark (1469 chars)

    Beautiful 2-story townhome built in 2007 in the highly desirable Grande at Kingswood community of West Deptford. This well-maintained home features a brand-new roof (2025), new water heater (2023), fenced backyard (installed 2023), and a high-quality Carrier HVAC system—a trusted brand known for efficiency and reliability. The home offers 3 bedrooms, 2.5 baths, and hardwood floors throughout the main living areas. The updated kitchen features stone countertops, ample cabinetry, and a bright breakfast area that opens to a spacious family room with a cozy fireplace, perfect for relaxing or entertaining. A large living room provides additional space for gatherings. Enjoy outdoor living with a rear deck connected to the second floor, complete with stairs leading down to the backyard—ideal for entertaining, grilling, or relaxing outdoors. Upstairs, the generous primary suite includes a walk-in closet with custom shelving and a private bath featuring a soaking tub, double vanity, and walk-in shower. Two additional bedrooms share a full bath. The first-floor laundry room includes a newer washer and dryer (2023) for added convenience. The lower level offers access to a built-in garage plus flexible space perfect for storage, a home gym, or a home office. Conveniently located near Routes 45, 55, and 295, with easy access to Philadelphia, shopping, dining, Rowan University, and Inspira Hospital. Move-in ready—schedule your showing today!

16. 2015-07-31
    soldstatus $170,000 Sold 605-char remark

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

17. 2015-07-31
    soldstatus $170,000

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

18. 2015-06-18
    status Under Contract 605-char remark

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

19. 2015-06-17
    historical
20. 2015-05-19
    price $174,900 605-char remark

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

21. 2015-04-16
    price $194,900 605-char remark

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

22. 2015-03-12
    listed $205,000 Active 605-char remark

    Show marketing remark (605 chars)

    Beautiful 2 story townhouse built in 2007 located in The Grande at Kingswoods. Walk in to a open living room/dining room, bright eat-in kitchen that has sun room off back. Also on the first floor is a family room and powder room. The second floor offers 3 large bed rooms including master bedroom with full bath that features corner soaking tub and stand up shower, with 2 full bathrooms. This property has a full finished lower level and a one car garage. Call today! Sold as is buyer responsible for any/all certifications and or repairs, township or lender. Freddie Mac 1st look initiative through 4/3.

23. 2015-03-11
    listed $174,900
24. 2014-10-28
    historical
25. 2013-10-20
    listed $189,900
26. 2010-04-22
    historical
27. 2009-10-25
    listed $264,900
28. 2007-11-29
    historical
29. 2007-05-29
    listed $305,000

ⓘ 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: $7,321 · $610/mo
• Projected year-2 tax: $8,018 · $668/mo
• Expected delta: +$697/yr (+$58/mo · 9.5%)

ⓘ 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 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,288
• − Mortgage interest: −$19,605
• − Property taxes: −$7,321
• − Insurance: −$1,750
• − Repairs & maintenance: −$3,383
• − Management: −$3,383
• − HOA: −$3,420
• − Depreciation: −$10,182
• Taxable loss: −$6,757
• Est. tax savings @ 24.0%: +$1,622
• After-tax cash flow: $513/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: West Deptford Township School District
• NCES district ID: 3417430
• Math proficiency: 24% ▼ -21.00%
• Reading proficiency: 50% ▼ -9.00%
• Median HH income: $68,308
• Composite: 33.65/100
• National rank: #5396
• State rank: #253 of 472 in NJ

Livability — Thorofare

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

Census & demographics

• City population: 8,534
• Population (ZIP): 8,534

Population outlook (Gloucester County) Hauer SSP2

• Today (2025): 298,895 people
• By 2030: 299,031 · +0.0%
• By 2040: 294,020 · -1.6%
• By 2050: 284,188 · -4.9%
• By 2075: 260,720 · -12.8%
• By 2100: 229,565 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 6% Two or more races 5% Black 5% Asian 3%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 6% Lithuanian 3% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 3%

Political lean MEDSL · Gloucester

• 2024 margin: Toss-up / Even · D 47.8% · R 50.6% · Other 1.6%
• 2008→2024 swing: -15.0pp toward R · 2008: 12.2pp · 2024: -2.8pp
• All cycles: 2024: R+2.8 2020: D+1.9 2016: R+0.4 2012: D+10.5 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.98%
• Current HPI: 268.6256
• 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

+26.2% since first listed

18 events — show timeline

• 2026-04-15 Price Changed $385,000 BRIGHT MLS
• 2026-04-01 Relisted — BRIGHT MLS
• 2026-03-31 Listing Removed — BRIGHT MLS
• 2026-01-08 Listed $395,000 BRIGHT MLS
• 2015-07-31 Sold (MLS) $170,000 BRIGHT MLS
• 2015-07-31 Sold (MLS) $170,000 TREND
• 2015-06-18 Pending — TREND
• 2015-06-17 Listing Removed — BRIGHT MLS
• 2015-05-19 Price Changed $174,900 TREND
• 2015-04-16 Price Changed $194,900 TREND
• 2015-03-12 Listed $205,000 TREND
• 2015-03-11 Listed $174,900 BRIGHT MLS
• 2014-10-28 Listing Removed — BRIGHT MLS
• 2013-10-20 Listed $189,900 BRIGHT MLS
• 2010-04-22 Listing Removed — BRIGHT MLS
• 2009-10-25 Listed $264,900 BRIGHT MLS
• 2007-11-29 Listing Removed — BRIGHT MLS
• 2007-05-29 Listed $305,000 BRIGHT MLS

Property tax history

+0.7%/yr

Latest (2025): $7,321 · -0.3% YoY. Source: county tax records.