4 C Robin St · Cedar Glen West, NJ 08759

$79,900

1 bd · 1.0 ba · 970 sqft · SingleFamily · 33 Days on market

Built 1969 Average condition Est $78k · at est. $470/mo HOA · 21% of rent ↓ 6% since listing

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +6.2/15.0
• Livability +3.3/5.0
• Schools +2.9/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cedar Glen West Co-Op 55+ This is a Charming 1 bed, 1 bath home in desirable Cedar Glen West offering a Tranquil park like setting. Features include upgraded windows, Central A/C, Ceiling Fans. The Kitchen has Granite Counter Tops, Tile Backsplash And Ceramic Tile Flooring. The Bathroom has an updated Vanity and Light and Ceramic Tile Flooring , Gas Heat and Gas Cooking. The Community Recreation Hall offers shuffleboard, pool table, card table, and a library. Community bus service available for added convenience. HOA fee covers property taxes, water, sewer, lawn maintenance, and snow removal also repair or replace hot water and heating, roof and gutters. Just a short drive to Atlantic City

Key facts

• Ceiling fans
• Central a/c
• Upgraded windows

Tags

• UPGRADED WINDOWS
• CENTRAL A/C
• CEILING FANS
• GRANITE COUNTER TOPS
• TILE BACKSPLASH
• CERAMIC TILE FLOORING

Property features AI

Finance

• HOA & community: Community association (Cedar Glen West); Monthly association fee; Association amenities include community room, clubhouse, bocci, landscaping, common access; Association fee covers trash, common area, lawn maintenance, sewer, snow removal, water; No pool listed

Exterior

• Parking: No garage
• Utilities: Septic tank sewer
• Home design: Cooperative ownership; Quad model
• Construction: Crawl space basement
• Exterior features: Timberline/shingle roof

Interior

• Kitchen: Stove; Stove hood; Refrigerator; Gas cooking
• Bedrooms: 1 bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Central air conditioning
• Interior features: Ceiling fan(s); Light fixtures; Blinds/shades; No fireplaces
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $80k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $716 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.0% vs local median 3.8% in Cedar Glen West — 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 66/100 on livability (#366 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• 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.
• Market conditions: 648 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• Climate carrying-cost: major wind risk, 57% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% 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. 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: 2.75% ✓
• Cap rate: 17.04%
• Cash-on-cash: 38.40%
• DSCR: 2.71
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $77,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 Dove St Unit D	0.08mi	1/1.0	970 (0%)	3mo	$80,000	$82	94
16 B Dove St	0.18mi	1/1.0	970 (0%)	1mo	$73,000	$75	91
12A Robin St Unit A	0.11mi	1/1.0	970 (0%)	6mo	$109,900	$113	90
2C Dove St	0.06mi	2/1.0 (+1)	970 (0%)	6mo	$78,000	$80	87
18 Dove St Unit A	0.18mi	1/1.0	970 (0%)	6mo	$69,900	$72	87
9 D Dove St Unit D	0.08mi	2/1.0 (+1)	970 (0%)	6mo	$57,500	$59	86
12 Heron St Unit D	0.25mi	1/1.0	980 (+1%)	1mo	$120,000	$122	86
17 Heron St Unit D	0.26mi	1/1.0	970 (0%)	4mo	$55,000	$57	85
22 C Robin St	0.22mi	2/1.0 (+1)	970 (0%)	3mo	$158,000	$163	82
5 Blue Jay St Unit A	0.32mi	1/1.0	970 (0%)	3mo	$53,000	$55	82
4 Flamingo Ter Unit A	0.37mi	1/1.0	970 (0%)	5mo	$45,000	$46	79
6 C Swallow St	0.32mi	2/1.0 (+1)	970 (0%)	2mo	$110,000	$113	78

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: 34.7%
• Equity multiple: 2.47×
• Total profit: $32,966
• Equity at exit: $11,913

10-year hold

• IRR: 41.7%
• Equity multiple: 4.97×
• Total profit: $88,721
• Equity at exit: $6,908

Cash invested: $22,372 (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 08759

• Active inventory: 648
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$470
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $716

Break-even live

Break-even rent $1,294

Max offer price $79,900

Occupancy floor 62%

Sensitivity live

Price	-10% $771	-5% $743	+0% $716	+5% $688	+10% $661
Rent	-10% $542	-5% $629	+0% $716	+5% $803	+10% $890
Rate	-1.0pp $756	-0.5pp $736	base $716	+0.5pp $695	+1.0pp $674

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
73 Buckingham Dr N Manchester, NJ	2.0	2.0	967	$2,200	$2.28	44d	1	1.44mi

HOA detail

• Monthly dues: $470 · $5,640/yr
• Likely covers: watersewergassnow removalpool

Listing history 15 events

1. 2026-06-18
   days on market $79,900 Active 33 DOM
2. 2026-06-17
   days on market $79,900 Active 32 DOM
3. 2026-06-16
   days on market $79,900 Active 31 DOM
4. 2026-06-16
   price $79,900 Active 30 DOM
5. 2026-06-15
   days on market $85,000 Active 30 DOM
6. 2026-06-13
   days on market $85,000 Active 28 DOM
7. 2026-06-09
   days on market $85,000 Active 24 DOM
8. 2026-06-08
   days on market $85,000 Active 23 DOM
9. 2026-06-07
   days on market $85,000 Active 22 DOM
10. 2026-06-04
    days on market $85,000 Active 19 DOM
11. 2026-06-03
    days on market $85,000 Active 18 DOM
12. 2026-06-02
    days on market $85,000 Active 17 DOM
13. 2026-06-01
    days on market $85,000 Active 16 DOM
14. 2026-05-31
    days on market $85,000 Active 15 DOM
15. 2026-05-15
    listed $85,000 Active 799-char remark

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 57% 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: $26,400
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − HOA: −$5,640
• − Depreciation: −$2,324
• Taxable income: $8,138
• Est. tax owed @ 24.0%: −$1,953
• After-tax cash flow: $6,637/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 · 30 photos

Average 55/100 Cosmetic rehab

This home is in average condition with cosmetic updates needed. It has a charming exterior and interior, but some maintenance and updates would significantly increase its resale and rental value.

Repairs flagged

• Minor Ivy overgrown — Overgrown ivy can be trimmed and pruned
• Minor Exterior paint — Painted exterior could be refreshed

Value-add opportunities

• Both Paint exterior — Fresh paint enhances curb appeal and value
• Both Trim and prune ivy — Maintains curb appeal and prevents ivy from damaging siding

Renovation cost estimate screening

Repair item	Severity	Est. cost
Ivy overgrown · Overgrown ivy can be trimmed and pruned	Minor	$500–3,000
Exterior paint · Painted exterior could be refreshed	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint exterior — Fresh paint enhances curb appeal and value ↑
• Both Trim and prune ivy — Maintains curb appeal and prevents ivy from damaging siding ↑

ⓘ 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: 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 — Cedar Glen West

• Score: 66/100
• State rank: #366
• US rank: #12309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Glen West, NJ
• Population (ZIP): 34,290

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%
• Common ancestry: Romanian 8% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 11% · Canada, China
• 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: —

Market trends

• HPI YoY: ▼ -347.85%
• Current HPI: 274.4679
• 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

-6.0% since first listed

3 events — show timeline

• 2026-06-16 Price Changed $79,900 MOMLS
• 2026-06-15 Price Changed $79,000 MOMLS
• 2026-05-15 Listed $85,000 MOMLS