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108 Edinburgh Ln Unit C
B- Composite 67.92
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 +24.3/30.0
  • ARV discount +14.9/15.0
  • 1% rule +9.1/10.0
  • DSCR +7.9/10.0
  • Condition / age +3.8/5.0
  • Livability +3.2/5.0
  • Rent growth +2.5/5.0
  • Schools +2.2/10.0
  • Appreciation +0.0/10.0

$135,000

108 Edinburgh Ln Unit C · Lakewood, NJ 08701
1 bd · 1.0 ba · 858 sqft · SingleFamily · 205 Days on market
Built 1967 Good condition 871 sqft lot $157/sqft · 16% below area Est $162k · 16% under $295/mo HOA · 16% of rent ↓ 14% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

''This cozy WATERFRONT 1 bedroom Condo, faces one of our beautiful lakes. Sit out on your recently installed patio with serene water views. Use as your primary home or home away from home. Refresh yourself in your choice of a heated outdoor salt water pool or freshwater pool, bocci, golf, walking paths, monthly dances to enjoy. Don't miss this opportunity!'' Convenient to all shopping, Restaurants, beaches & boardwalks! Too many amenities to list. Minutes from the GSP entrance.

Key facts

  • Serene water views
  • Pool
  • Built 1967

Tags

RECENTLY INSTALLED PATIOSERENE WATER VIEWS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath single-family listed at $135k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $273 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $135k).
  • Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.7% vs local median 2.7% in Lakewood — 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 65/100 on livability (#382 in NJ) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+; Watch: employment C-, 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.
  • Zoned schools: Oak Street Elem School (math 17% / reading 21%, grade F, #1,030 of 1,303 statewide, top 80%, 534 students, 97% FRL); Lakewood Middle School (math 16% / reading 30%, grade F, #376 of 431 statewide, top 88%, 995 students, 94% FRL); Lakewood High School (math 14% / reading 37%, grade F, #321 of 399 statewide, top 81%, 1,423 students, 86% FRL).
  • Market conditions: 749 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 77% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).
  • This rent runs 35% 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 $933 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 205 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask is 79782% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $118,800 (12.0% below list)

Questions for the listing agent

  1. It's been on market 205 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 1967 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  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
8.72%
Cash-on-cash
8.67%
DSCR
1.39
GRM
5.9

CMA / ARV

ARV (median comp)
$161,526
List price
$135,000
Delta
-16.42%
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
52C Cambridge Ct 0.14mi 1/1.0 868 (+1%) 0mo $100,000 $115 92
103F Edinburgh Ln 0.05mi 2/1.0 (+1) 858 (0%) 2mo $185,000 $216 91
651B Plymouth Dr Unit B 0.30mi 2/1.0 (+1) 858 (0%) 2mo $185,000 $216 80
168B Huntington Dr Unit B 0.32mi 2/1.0 (+1) 858 (0%) 1mo $156,000 $182 79
91F Buckingham Dr Unit F 0.15mi 2/1.0 (+1) 819 (-4%) 2mo $140,000 $171 79
259C Huntington Dr Unit 259 C 0.26mi 1/1.0 808 (-6%) 1mo $160,000 $198 77
167A Huntington Dr 0.36mi 2/1.0 (+1) 858 (0%) 1mo $140,000 $163 77
300B W Malvern Ct Unit B 0.38mi 2/1.0 (+1) 858 (0%) 2mo $100,000 $117 76
67 Dorchester Dr Unit E 0.26mi 2/1.0 (+1) 928 (+8%) 1mo $130,000 $140 68
72F Dorchester Dr 0.32mi 2/1.0 (+1) 928 (+8%) 0mo $170,500 $184 66
681 New Castle Ct Unit B 0.28mi 2/1.0 (+1) 982 (+14%) 1mo $246,000 $251 57
61 Buckingham Dr Unit A 0.27mi 2/2.0 (+1) 968 (+13%) 1mo $159,900 $165 56

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
-3.0%
Equity multiple
0.89×
Total profit
$-4,279
Equity at exit
$20,129
10-year hold
IRR
6.8%
Equity multiple
1.52×
Total profit
$19,515
Equity at exit
$11,672

Cash invested: $37,800 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
74 active · 53 under contract
Months of supply
8.4 mo (12%/mo absorbed)
Median asking
$182,500 ($203/sqft)
Median days on market
57 d
This list price
16% of active listings are priced below it
ARV vs active asking
-7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 08701

Active inventory
749
Price-to-rent
5.9×

Monthly cashflow live

Estimated rent
$1,900 high interval (Pro) →
Mortgage (P&I)
−$708
Tax est. 1.5%
−$169 /mo · $2,025/yr
Insurance
−$56
HOA
−$295
Vacancy / Maint / Mgmt
−$399
Net cashflow
$273

Break-even live

Break-even rent $1,554
Max offer price $135,000
Occupancy floor 81%

Sensitivity live

Price -10% $366 -5% $320 +0% $273 +5% $226 +10% $180
Rent -10% $123 -5% $198 +0% $273 +5% $348 +10% $423
Rate -1.0pp $341 -0.5pp $307 base $273 +0.5pp $238 +1.0pp $202

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
$33,750
Closing costs
$4,050
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 31 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
106 Edinburgh Ln Lakewood, NJ 2.0 1.0 858 $1,900 $2.21 34d 1 0.08mi
106 Edinburgh Ln Lakewood, NJ 2.0 1.0 858 $1,900 $2.21 70d 1 0.08mi
106A Edinburgh Ln Lakewood, NJ 2.0 1.0 858 $2,200 $2.56 158d 1 0.09mi
47L Cambridge Ct Lakewood, NJ 2.0 1.0 841 $1,795 $2.13 165d 1 0.10mi
38K Cambridge Ct Unit K Lakewood, NJ 1.0 1.0 638 $1,450 $2.27 37d 1 0.18mi
278C Kingston Ct Lakewood, NJ 2.0 1.0 1000 $2,150 $2.15 96d 1 0.35mi
278C Kingston Ct Lakewood, NJ 2.0 1.0 1000 $2,150 $2.15 130d 1 0.35mi
219 Buckingham Ct Lakewood, NJ 1.0 1.0 663 $1,900 $2.87 184d 1 0.41mi
308 Malvern Ct Unit C Lakewood, NJ 2.0 1.0 858 $1,900 $2.21 53d 1 0.44mi
341B Canterbury Ct Lakewood, NJ 2.0 1.0 982 $2,275 $2.32 163d 1 0.46mi
335A Canterbury Ct Lakewood, NJ 2.0 1.0 982 $1,950 $1.99 159d 1 0.55mi
365F Chesterfield Ct Lakewood, NJ 1.0 1.0 663 $1,500 $2.26 10d 1 0.61mi
363B Chesterfield Ct Lakewood, NJ 2.0 1.0 858 $1,900 $2.21 10d 1 0.63mi
354C Dorchester Dr Unit 1003 Lakewood, NJ 2.0 1.0 982 $1,700 $1.73 23d 1 0.64mi
433D Picardy Ct Lakewood, NJ 1.0 1.0 663 $1,550 $2.34 53d 1 0.70mi
533E Dartmoor Ct Lakewood, NJ 1.0 1.0 663 $1,750 $2.64 66d 1 0.72mi
533E Dartmoor Ct Lakewood, NJ 1.0 1.0 663 $1,750 $2.64 110d 1 0.72mi
929 New Hampshire Ave Lakewood, NJ 1.0–2.0 1.0–2.0 996 $2,165 $2.17 0d 6 0.73mi
90 Corbin Ct Lakewood, NJ 1.0–2.0 1.0–2.0 935 $2,050 $2.19 3d 4 0.77mi
572A Sheffield Ct Lakewood, NJ 2.0 1.0 982 $2,000 $2.04 34d 1 0.86mi
235 Sophee Ln Lakewood, NJ 1.0 1.0 889 $1,850 $2.08 10d 1 1.00mi
235 Sophee Ln Lakewood, NJ 1.0 1.0 889 $1,850 $2.08 31d 1 1.00mi
523 Sophee Ln #1000 Lakewood, NJ 1.0 1.0 889 $1,800 $2.02 140d 1 1.12mi
1034B Aberdeen Dr Lakewood, NJ 1.0 1.0 663 $1,350 $2.04 134d 1 1.26mi
1034B Aberdeen Dr Lakewood, NJ 1.0 1.0 663 $1,350 $2.04 86d 1 1.26mi
1042C Aberdeen Dr Unit C Lakewood, NJ 2.0 1.0 982 $2,000 $2.04 144d 1 1.32mi
841B Inverness Ct Lakewood, NJ 1.0 1.0 663 $1,600 $2.41 96d 1 1.35mi
840 Inverness Ct Lakewood, NJ 2.0 1.0 858 $1,850 $2.16 37d 1 1.36mi
824A Balmoral Ct Unit A Toms River, NJ 2.0 1.0 982 $2,200 $2.24 159d 1 1.38mi
829A Balmoral Ct Unit 1001 Lakewood, NJ 1.0 1.0 663 $1,600 $2.41 165d 1 1.42mi
1119 Argyll Cir Unit A Lakewood, NJ 1.0 1.0 663 $1,600 $2.41 10d 1 1.47mi

Property features AI

Finance

HOA & community
Monthly association fee of $295Association amenities: Exercise room, Community room, Pool, Clubhouse, Golf course, Basketball court, Bocci, Jogging path, Common area

Exterior

Parking
No garage
Utilities
Public sewer
Home design
CondominiumModel: ETON
Exterior features
Shingle roofWaterfront

Interior

Kitchen
MicrowaveStoveRefrigeratorDishwasher
Bedrooms
1 bedroom
Flooring
Laminate
Bathrooms
1 full bathroom
Heating & cooling
Electric heatingMulti-unit cooling
Interior features
Ceiling fan(s)Blinds/ShadesLight fixtures
Laundry & utility
WasherDryer

HOA detail $295/mo · $3,540/yr

Likely covers
waterpool

Listing history 50 events

  1. 2026-10-30
    days on market $135,000 Active 205 DOM
  2. 2026-10-29
    days on market $135,000 Active 204 DOM
  3. 2026-10-28
    days on market $135,000 Active 203 DOM
  4. 2026-10-27
    days on market $135,000 Active 202 DOM
  5. 2026-10-26
    days on market $135,000 Active 201 DOM
  6. 2026-10-25
    days on market $135,000 Active 200 DOM
  7. 2026-10-24
    days on market $135,000 Active 199 DOM
  8. 2026-10-23
    days on market $135,000 Active 198 DOM
  9. 2026-10-22
    days on market $135,000 Active 197 DOM
  10. 2026-10-21
    days on market $135,000 Active 196 DOM
  11. 2026-10-20
    days on market $135,000 Active 195 DOM
  12. 2026-10-19
    days on market $135,000 Active 194 DOM
  13. 2026-10-18
    days on market $135,000 Active 193 DOM
  14. 2026-10-17
    days on market $135,000 Active 192 DOM
  15. 2026-10-16
    days on market $135,000 Active 191 DOM
  16. 2026-10-15
    days on market $135,000 Active 190 DOM
  17. 2026-10-14
    days on market $135,000 Active 189 DOM
  18. 2026-10-13
    days on market $135,000 Active 188 DOM
  19. 2026-10-12
    days on market $135,000 Active 187 DOM
  20. 2026-10-11
    days on market $135,000 Active 186 DOM
  21. 2026-10-10
    days on market $135,000 Active 185 DOM
  22. 2026-10-09
    days on market $135,000 Active 184 DOM
  23. 2026-10-08
    days on market $135,000 Active 183 DOM
  24. 2026-10-07
    days on market $135,000 Active 182 DOM
  25. 2026-10-06
    days on market $135,000 Active 181 DOM
  26. 2026-10-05
    days on market $135,000 Active 180 DOM
  27. 2026-10-04
    days on market $135,000 Active 179 DOM
  28. 2026-10-03
    days on market $135,000 Active 178 DOM
  29. 2026-10-02
    days on market $135,000 Active 177 DOM
  30. 2026-10-01
    days on market $135,000 Active 176 DOM
  31. 2026-09-30
    days on market $135,000 Active 175 DOM
  32. 2026-09-29
    days on market $135,000 Active 174 DOM
  33. 2026-09-28
    days on market $135,000 Active 173 DOM
  34. 2026-09-27
    days on market $135,000 Active 172 DOM
  35. 2026-09-26
    days on market $135,000 Active 171 DOM
  36. 2026-09-25
    days on market $135,000 Active 170 DOM
  37. 2026-09-24
    days on market $135,000 Active 169 DOM
  38. 2026-09-23
    days on market $135,000 Active 168 DOM
  39. 2026-09-22
    days on market $135,000 Active 167 DOM
  40. 2026-09-21
    days on market $135,000 Active 166 DOM
  41. 2026-09-20
    days on market $135,000 Active 165 DOM
  42. 2026-09-19
    days on market $135,000 Active 164 DOM
  43. 2026-09-18
    days on market $135,000 Active 163 DOM
  44. 2026-09-17
    days on market $135,000 Active 162 DOM
  45. 2026-09-16
    days on market $135,000 Active 161 DOM
  46. 2026-09-15
    days on market $135,000 Active 160 DOM
  47. 2026-09-14
    days on market $135,000 Active 159 DOM
  48. 2026-09-13
    days on market $135,000 Active 158 DOM
  49. 2026-09-12
    days on market $135,000 Active 157 DOM
  50. 2026-09-11
    days on market $135,000 Active 156 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 3/10 Moderate
  • 🌡 Heat 6/10 Major 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$22,799
− Mortgage interest
−$7,562
− Property taxes
−$2,025
− Insurance
−$675
− Repairs & maintenance
−$1,824
− Management
−$1,824
− HOA
−$3,540
− Depreciation
−$3,927
Taxable income
$1,422
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$341
After-tax cash flow
$2,935/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

Good 75/100 Cosmetic rehab Est. rehab $4,290–$12,870 screening

This waterfront condo is in good condition with minor repairs needed. Upgrades to paint, cabinets, countertops, and flooring would significantly enhance its value.

Repairs flagged

  • Minor Kitchen cabinets — Worn appearance
  • Minor Bathtub and fixtures — Signs of wear

Value-add opportunities

  • Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
  • Both Replace worn kitchen cabinets — New cabinets improve functionality and appearance ↑
  • Both Upgrade countertops — Modern countertops enhance functionality and aesthetics ↑
  • Both Install new flooring — New flooring improves aesthetics and functionality ↑
  • Both Replace worn bathtub and fixtures — New fixtures improve functionality and aesthetics ↑

ⓘ 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 22/100

Zoned Schools

Elementary Oak Street Elem School F NJ #1,030/1,303 Nat'l #34,564/41,679 Middle Lakewood Middle School F NJ #376/431 Nat'l #11,007/14,009 High Lakewood High School F NJ #321/399 Nat'l #12,309/17,239

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
C Composite livability gradescore 65/100

Livability — Lakewood

Score
65/100
State rank
#382
US rank
#13069

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Leisure Village, NJ
County
Ocean County · 586,991 people
City population
139,149
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
19% of renters

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%
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
—

Price history

-14.2% since first listed
8 events — show timeline
  • 2026-07-02 Relisted — MOMLS
  • 2026-07-01 Pending — MOMLS
  • 2026-06-17 Price Changed $145,000 MOMLS
  • 2026-06-04 Price Changed $155,000 MOMLS
  • 2026-05-07 Price Changed $160,000 MOMLS
  • 2026-04-22 Price Changed $165,000 MOMLS
  • 2026-04-08 Price Changed $169,000 MOMLS
  • 2026-04-08 Listed $169 MOMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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